Childrens Place (PLCE) Releases Q4 2018 Earnings Guidance

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%.

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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.

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

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