Childrens Place (PLCE) Releases Q2 Earnings Guidance

Childrens Place (NASDAQ:PLCE) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.00-0.20 for the period, compared to the Thomson Reuters consensus estimate of $0.15. The company issued revenue guidance of $415-420 million, compared to the consensus revenue estimate of $419.66 million.Childrens Place also updated its FY 2019 guidance to $5.75-6.25 EPS.

PLCE opened at $112.11 on Thursday. The firm has a market cap of $1.71 billion, a PE ratio of 16.61, a P/E/G ratio of 2.41 and a beta of 0.69. Childrens Place has a 52-week low of $82.05 and a 52-week high of $160.23.

Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.89. Childrens Place had a return on equity of 34.25% and a net margin of 5.21%. The business had revenue of $412.40 million during the quarter, compared to the consensus estimate of $399.40 million. During the same period in the prior year, the company earned $1.87 EPS. Childrens Place’s revenue for the quarter was down 5.5% on a year-over-year basis. Research analysts anticipate that Childrens Place will post 5.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 15th were given a dividend of $0.56 per share. This is an increase from Childrens Place’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, April 12th. Childrens Place’s dividend payout ratio is currently 33.19%.

Several research firms have commented on PLCE. BidaskClub downgraded Childrens Place from a strong-buy rating to a buy rating in a research report on Tuesday. Bank of America reiterated a neutral rating and issued a $105.00 target price (up from $95.00) on shares of Childrens Place in a research report on Friday, April 5th. Citigroup increased their target price on Childrens Place from $90.00 to $106.00 and gave the company a neutral rating in a research report on Thursday. ValuEngine upgraded Childrens Place from a sell rating to a hold rating in a research report on Saturday, March 30th. Finally, Deutsche Bank began coverage on Childrens Place in a research report on Tuesday, April 16th. They issued a hold rating and a $103.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $124.67.

In related news, VP Robert F. Helm sold 227 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $110.79, for a total transaction of $25,149.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

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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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