Childrens Place (NASDAQ:PLCE) Issues FY 2019 Earnings Guidance

Childrens Place (NASDAQ:PLCE) updated its FY 2019 earnings guidance on Wednesday. The company provided EPS guidance of $5.40-5.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.16. The company issued revenue guidance of $1.91-1.925 billion, compared to the consensus revenue estimate of $1.93 billion.Childrens Place also updated its FY20 guidance to $5.40-5.75 EPS.

A number of research analysts recently issued reports on the stock. DA Davidson set a $135.00 price objective on shares of Childrens Place and gave the company a buy rating in a research note on Tuesday. Bank of America set a $115.00 target price on shares of Childrens Place and gave the stock a hold rating in a research note on Monday, August 12th. Monness Crespi & Hardt decreased their target price on shares of Childrens Place from $128.00 to $105.00 and set a buy rating on the stock in a research note on Thursday. TheStreet cut shares of Childrens Place from a b- rating to a c+ rating in a research note on Friday, May 31st. Finally, Wedbush set a $130.00 target price on shares of Childrens Place and gave the stock a buy rating in a research note on Friday, June 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $116.00.

Shares of Childrens Place stock opened at $78.45 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.79 and a debt-to-equity ratio of 1.31. Childrens Place has a twelve month low of $70.43 and a twelve month high of $160.23. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 1.60 and a beta of 0.83. The company’s fifty day moving average is $90.81 and its 200 day moving average is $96.19.

Childrens Place (NASDAQ:PLCE) last released its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $420.50 million for the quarter, compared to analyst estimates of $428.28 million. Childrens Place had a net margin of 3.60% and a return on equity of 24.71%. Childrens Place’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. As a group, equities analysts anticipate that Childrens Place will post 5.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 23rd will be issued a $0.56 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.24 annualized dividend and a yield of 2.86%. Childrens Place’s payout ratio is 33.19%.

About Childrens Place

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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