Childrens Place (NASDAQ:PLCE) updated its fourth quarter 2018 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.07-2.17 for the period. 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 analysts have issued reports on the stock. Monness Crespi & Hardt lowered their price objective on shares of Childrens Place from $165.00 to $150.00 and set a buy rating for the company in a research report on Friday. Telsey Advisory Group reissued an outperform rating and set a $140.00 price target (down previously from $170.00) on shares of Childrens Place in a research report on Friday. BidaskClub downgraded shares of Childrens Place from a hold rating to a sell rating in a research report on Friday. ValuEngine downgraded shares of Childrens Place from a buy rating to a hold rating in a research report on Thursday, September 6th. Finally, B. Riley reissued a buy rating on shares of Childrens Place in a research report on Wednesday, November 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $145.64.
PLCE stock opened at $102.28 on Friday. Childrens Place has a twelve month low of $99.54 and a twelve month high of $161.65. The company has a market cap of $1.75 billion, a PE ratio of 13.07, a P/E/G ratio of 1.72 and a beta of 0.17.
Childrens Place (NASDAQ:PLCE) last released its quarterly earnings results on Thursday, December 6th. The company reported $3.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.07. Childrens Place had a net margin of 4.00% and a return on equity of 37.97%. The business had revenue of $522.50 million during the quarter, compared to the consensus estimate of $511.19 million. During the same quarter last year, the company earned $2.58 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Research analysts expect that Childrens Place will post 7.74 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Monday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, December 14th. Childrens Place’s payout ratio is currently 25.28%.
TRADEMARK VIOLATION NOTICE: This piece was reported by Stock Observer and is the property of of Stock Observer. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.thestockobserver.com/2018/12/08/childrens-place-plce-releases-q4-2018-earnings-guidance.html.
About Childrens Place
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.
Receive News & Ratings for Childrens Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Childrens Place and related companies with MarketBeat.com's FREE daily email newsletter.