Childrens Place (NASDAQ:PLCE) Issues Earnings Results, Beats Estimates By $0.01 EPS

Childrens Place (NASDAQ:PLCE) announced its earnings results on Wednesday. The company reported $3.03 EPS for the quarter, beating the consensus estimate of $3.02 by $0.01, Briefing.com reports. The business had revenue of $524.80 million during the quarter, compared to the consensus estimate of $534.09 million. Childrens Place had a return on equity of 26.84% and a net margin of 3.23%. Childrens Place’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.07 earnings per share. Childrens Place updated its Q4 guidance to $1.48-1.68 EPS and its FY 2019
Pre-Market guidance to $5.00-5.20 EPS.

Shares of PLCE stock opened at $58.83 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.78 and a quick ratio of 0.20. Childrens Place has a fifty-two week low of $53.62 and a fifty-two week high of $116.84. The stock’s 50-day moving average is $75.96 and its two-hundred day moving average is $85.02. The firm has a market cap of $845.66 million, a P/E ratio of 8.72, a PEG ratio of 1.33 and a beta of 0.72.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.81%. The ex-dividend date is Friday, December 13th. Childrens Place’s dividend payout ratio is currently 33.19%.

Several equities research analysts recently issued reports on the company. Monness Crespi & Hardt reduced their price objective on Childrens Place from $128.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Wolfe Research reduced their price objective on Childrens Place from $137.00 to $102.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Barclays reissued a “hold” rating and issued a $55.00 price objective on shares of Childrens Place in a research note on Thursday. Bank of America downgraded Childrens Place from a “neutral” rating to an “underperform” rating and set a $45.00 price objective for the company. in a research note on Thursday. Finally, DA Davidson reduced their price objective on Childrens Place from $135.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Childrens Place currently has an average rating of “Hold” and an average price target of $78.52.

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 for Childrens Place (NASDAQ:PLCE)

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