Childrens Place (PLCE) Updates Q4 Earnings Guidance

Childrens Place (NASDAQ:PLCE) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $2.07-2.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.64. The company issued revenue guidance of $547-552 million, compared to the consensus revenue estimate of $567.05 million.Childrens Place also updated its FY 2018 guidance to $7.69-7.79 EPS.

Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Childrens Place from a hold rating to a buy rating in a research note on Tuesday, October 23rd. Wolfe Research reissued a peer perform rating and issued a $135.00 price target (down from $169.00) on shares of Childrens Place in a research note on Thursday. Citigroup raised their price objective on shares of Childrens Place from $154.00 to $167.00 and gave the stock a buy rating in a research report on Monday, December 3rd. BidaskClub upgraded shares of Childrens Place from a hold rating to a buy rating in a research report on Wednesday, August 22nd. Finally, B. Riley restated a buy rating on shares of Childrens Place in a research report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Childrens Place currently has a consensus rating of Buy and an average target price of $145.64.

Childrens Place stock opened at $102.28 on Friday. Childrens Place has a 12-month low of $99.54 and a 12-month high of $161.65. The stock has a market cap of $1.75 billion, a P/E ratio of 13.07, a PEG ratio of 1.72 and a beta of 0.17.

Childrens Place (NASDAQ:PLCE) last released its quarterly earnings data on Thursday, December 6th. The company reported $3.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $3.07. Childrens Place had a net margin of 4.00% and a return on equity of 37.97%. The firm had revenue of $522.50 million during the quarter, compared to analysts’ expectations of $511.19 million. During the same period last year, the business earned $2.58 earnings per share. Childrens Place’s revenue was up 6.6% compared to the same quarter last year. Analysts predict that Childrens Place will post 7.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Monday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, December 14th. Childrens Place’s payout ratio is currently 25.28%.

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

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