Chico’s FAS, Inc. Expected to Post Q4 2018 Earnings of $0.09 Per Share (CHS)

Chico’s FAS, Inc. (NYSE:CHS) – Equities researchers at SunTrust Banks upped their Q4 2018 EPS estimates for shares of Chico’s FAS in a research note issued on Tuesday. SunTrust Banks analyst P. Quintiliano now forecasts that the specialty retailer will post earnings of $0.09 per share for the quarter, up from their previous forecast of $0.03. SunTrust Banks has a “Buy” rating and a $10.00 price objective on the stock. SunTrust Banks also issued estimates for Chico’s FAS’s FY2019 earnings at $0.73 EPS.

Chico’s FAS (NYSE:CHS) last posted its quarterly earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Chico’s FAS had a net margin of 3.77% and a return on equity of 13.98%. The firm had revenue of $532.30 million for the quarter, compared to analyst estimates of $534.77 million. During the same quarter last year, the firm posted $0.20 earnings per share. Chico’s FAS’s revenue for the quarter was down 10.8% compared to the same quarter last year.

CHS has been the topic of several other research reports. Zacks Investment Research upgraded shares of Chico’s FAS from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group reiterated a “hold” rating and set a $8.00 price objective (up previously from $7.00) on shares of Chico’s FAS in a research note on Thursday, September 28th. KeyCorp reiterated a “hold” rating on shares of Chico’s FAS in a research note on Thursday, November 16th. Citigroup lowered shares of Chico’s FAS from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. Finally, Bank of America lowered shares of Chico’s FAS from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $8.50 to $7.00 in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Chico’s FAS currently has a consensus rating of “Hold” and a consensus price target of $10.91.

Chico’s FAS (CHS) traded up $0.61 during midday trading on Friday, reaching $9.87. 4,910,000 shares of the company traded hands, compared to its average volume of 2,820,000. Chico’s FAS has a 52-week low of $6.96 and a 52-week high of $15.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.86 and a quick ratio of 0.88. The stock has a market capitalization of $1,260.00, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.40 and a beta of 0.73.

Several large investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its stake in shares of Chico’s FAS by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 129,423 shares of the specialty retailer’s stock worth $1,219,000 after buying an additional 413 shares during the last quarter. Comerica Bank increased its stake in shares of Chico’s FAS by 0.5% in the second quarter. Comerica Bank now owns 101,736 shares of the specialty retailer’s stock worth $874,000 after buying an additional 507 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Chico’s FAS by 2.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 22,894 shares of the specialty retailer’s stock worth $245,000 after buying an additional 628 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of Chico’s FAS by 0.8% in the second quarter. Macquarie Group Ltd. now owns 90,433 shares of the specialty retailer’s stock worth $852,000 after buying an additional 688 shares during the last quarter. Finally, Amalgamated Bank increased its stake in shares of Chico’s FAS by 4.1% in the second quarter. Amalgamated Bank now owns 18,696 shares of the specialty retailer’s stock worth $176,000 after buying an additional 735 shares during the last quarter.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Monday, December 4th were paid a dividend of $0.0825 per share. The ex-dividend date was Friday, December 1st. This represents a $0.33 dividend on an annualized basis and a dividend yield of 3.34%. Chico’s FAS’s dividend payout ratio is currently 49.25%.

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Chico’s FAS Company Profile

Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.

Earnings History and Estimates for Chico`s FAS (NYSE:CHS)

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