Childrens Place (PLCE) Releases Q2 2019 Earnings Guidance

Childrens Place (NASDAQ:PLCE) updated its second quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.00-0.20 for the period, compared to the Thomson Reuters consensus estimate of $0.10. The company issued revenue guidance of $415-420 million, compared to the consensus revenue estimate of $420.4 million.Childrens Place also updated its FY 2019 guidance to $5.75-6.25 EPS.

Several brokerages have weighed in on PLCE. ValuEngine downgraded shares of Childrens Place from a buy rating to a hold rating in a report on Friday. Citigroup lifted their target price on shares of Childrens Place from $90.00 to $106.00 and gave the company a neutral rating in a research note on Thursday. B. Riley set a $122.00 target price on shares of Childrens Place and gave the company a buy rating in a research note on Tuesday. BidaskClub cut shares of Childrens Place from a strong-buy rating to a buy rating in a research note on Tuesday. Finally, Telsey Advisory Group restated an outperform rating and set a $126.00 target price (up previously from $100.00) on shares of Childrens Place in a research note on Monday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Childrens Place has an average rating of Buy and a consensus price target of $124.67.

NASDAQ PLCE opened at $105.00 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.40 and a current ratio of 0.79. Childrens Place has a 12 month low of $82.05 and a 12 month high of $160.23. The company has a market capitalization of $1.65 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 2.31 and a beta of 0.69.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.53) by $0.89. Childrens Place had a return on equity of 27.26% and a net margin of 3.86%. The company had revenue of $412.40 million for the quarter, compared to analysts’ expectations of $399.40 million. During the same period in the previous year, the firm earned $1.87 EPS. The firm’s revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Childrens Place will post 5.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Monday, June 17th. Childrens Place’s dividend payout ratio (DPR) is presently 33.19%.

In other news, VP Robert F. Helm sold 227 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total value of $25,149.33. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.10% of the stock is currently owned by insiders.

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Childrens Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, 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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Earnings History and Estimates for Childrens Place (NASDAQ:PLCE)

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