Childrens Place (PLCE) Releases Q4 Earnings Guidance

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Childrens Place (NASDAQ:PLCE) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.07-2.17 for the period, compared to the Thomson Reuters consensus estimate of $2.64. 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.

A number of equities analysts have recently weighed in on the stock. BidaskClub cut shares of Childrens Place from a hold rating to a sell rating in a research note on Friday. Wolfe Research reaffirmed a peer perform rating and set a $135.00 price target (down from $169.00) on shares of Childrens Place in a research note on Thursday. Telsey Advisory Group reaffirmed an outperform rating and set a $140.00 price target (down from $170.00) on shares of Childrens Place in a research note on Friday. ValuEngine cut shares of Childrens Place from a hold rating to a sell rating in a research note on Thursday. Finally, Monness Crespi & Hardt reiterated a buy rating and issued a $150.00 price objective (down from $165.00) on shares of Childrens Place in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $145.64.

Childrens Place stock opened at $102.28 on Friday. Childrens Place has a 52 week low of $99.54 and a 52 week high of $161.65. The stock has a market capitalization of $1.75 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.72 and a beta of 0.17.

Childrens Place (NASDAQ:PLCE) last released its quarterly earnings data on Thursday, December 6th. The company reported $3.07 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $511.19 million. During the same period in the previous year, the firm earned $2.58 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, analysts anticipate that Childrens Place will post 7.74 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Monday, December 17th will be given a $0.50 dividend. The ex-dividend date is Friday, December 14th. This represents a $2.00 annualized dividend and a dividend yield of 1.96%. Childrens Place’s dividend payout ratio is presently 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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