-$0.44 Earnings Per Share Expected for The Children’s Place, Inc. (NASDAQ:PLCE) This Quarter


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Equities analysts expect that The Children’s Place, Inc. (NASDAQ:PLCE) will announce earnings per share (EPS) of ($0.44) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for The Children’s Place’s earnings, with estimates ranging from ($0.65) to ($0.29). The Children’s Place posted earnings of ($1.96) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 77.6%. The firm is expected to report its next earnings report on Thursday, June 10th.

According to Zacks, analysts expect that The Children’s Place will report full year earnings of $3.46 per share for the current fiscal year, with EPS estimates ranging from $2.53 to $3.99. For the next year, analysts anticipate that the firm will post earnings of $5.39 per share, with EPS estimates ranging from $5.25 to $5.52. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow The Children’s Place.

The Children’s Place (NASDAQ:PLCE) last released its earnings results on Monday, March 8th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $1.24. The company had revenue of $472.90 million during the quarter, compared to the consensus estimate of $420.64 million. The Children’s Place had a negative return on equity of 1.01% and a negative net margin of 7.93%. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.85 earnings per share.

A number of analysts have recently commented on the company. B. Riley boosted their price target on The Children’s Place from $54.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, March 10th. Monness Crespi & Hardt lowered The Children’s Place from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a report on Tuesday, February 16th. Telsey Advisory Group upped their target price on The Children’s Place from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, March 10th. UBS Group increased their price target on The Children’s Place from $77.00 to $86.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 16th. Finally, Bank of America raised The Children’s Place from an “underperform” rating to a “neutral” rating and raised their target price for the company from $30.00 to $48.00 in a report on Friday, December 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $53.27.

NASDAQ:PLCE opened at $77.86 on Friday. The Children’s Place has a 1 year low of $17.78 and a 1 year high of $85.59. The company has a current ratio of 0.69, a quick ratio of 0.14 and a debt-to-equity ratio of 0.99. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -9.13 and a beta of 2.27. The stock has a 50-day moving average price of $74.71 and a two-hundred day moving average price of $53.74.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in The Children’s Place by 8.0% during the 4th quarter. BlackRock Inc. now owns 2,290,417 shares of the company’s stock worth $114,751,000 after acquiring an additional 168,849 shares during the period. SummerHaven Investment Management LLC acquired a new stake in shares of The Children’s Place in the 4th quarter valued at about $589,000. Voloridge Investment Management LLC grew its stake in shares of The Children’s Place by 76.9% in the 3rd quarter. Voloridge Investment Management LLC now owns 349,688 shares of the company’s stock valued at $9,914,000 after buying an additional 152,030 shares during the period. Renaissance Technologies LLC grew its stake in shares of The Children’s Place by 17.2% in the 4th quarter. Renaissance Technologies LLC now owns 297,060 shares of the company’s stock valued at $14,883,000 after buying an additional 43,500 shares during the period. Finally, Morgan Stanley grew its stake in shares of The Children’s Place by 93.1% in the 4th quarter. Morgan Stanley now owns 284,607 shares of the company’s stock valued at $14,258,000 after buying an additional 137,228 shares during the period.

About The Children’s Place

The Children’s Place, Inc provides apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. The firm operates through the following segments: Children’s Place U.S.

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Earnings History and Estimates for The Children`s Place (NASDAQ:PLCE)

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