Childrens Place (PLCE) Issues FY 2018 Earnings Guidance

Childrens Place (NASDAQ:PLCE) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $7.69-7.79 for the period. The company issued revenue guidance of $1.955-1.96 billion, compared to the consensus revenue estimate of $1.96 billion.Childrens Place also updated its Q4 guidance to $2.07-2.17 EPS.

Childrens Place stock opened at $102.28 on Friday. Childrens Place has a one year low of $99.54 and a one year high of $161.65. The firm has a market capitalization of $1.75 billion, a PE ratio of 13.07, a P/E/G ratio of 1.72 and a beta of 0.17.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Thursday, December 6th. The company reported $3.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $3.07. Childrens Place had a return on equity of 37.97% and a net margin of 4.00%. The firm had revenue of $522.50 million during the quarter, compared to analyst estimates of $511.19 million. During the same period last year, the company earned $2.58 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, research analysts anticipate that Childrens Place will post 7.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Monday, December 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, December 14th. Childrens Place’s payout ratio is currently 25.28%.

PLCE has been the subject of a number of analyst reports. ValuEngine lowered Childrens Place from a buy rating to a hold rating in a report on Thursday, September 6th. Monness Crespi & Hardt raised Childrens Place from a neutral rating to a buy rating and set a $165.00 price target for the company in a report on Friday, August 24th. They noted that the move was a valuation call. Bank of America raised Childrens Place from an underperform rating to a neutral rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. B. Riley reaffirmed a buy rating on shares of Childrens Place in a report on Wednesday, November 14th. Finally, BidaskClub raised Childrens Place from a hold rating to a buy rating in a research note on Wednesday, August 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Childrens Place presently has a consensus rating of Buy and an average target price of $145.64.

COPYRIGHT VIOLATION NOTICE: “Childrens Place (PLCE) Issues FY 2018 Earnings Guidance” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.dispatchtribunal.com/2018/12/08/childrens-place-plce-issues-fy-2018-earnings-guidance.html.

Childrens Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.

Read More: Dividend Stocks – Are They Right For You?

Earnings History and Estimates for Childrens Place (NASDAQ:PLCE)

Receive News & Ratings for Childrens Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Childrens Place and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply