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.
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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.
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