Chico’s FAS (NYSE:CHS) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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Chico’s FAS (NYSE:CHS) posted its quarterly earnings data on Tuesday. The specialty retailer reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02, RTT News reports. Chico’s FAS had a net margin of 0.41% and a return on equity of 3.34%. The firm had revenue of $517.70 million during the quarter, compared to analysts’ expectations of $517.61 million. During the same quarter in the previous year, the company posted $0.23 EPS. Chico’s FAS’s revenue was down 7.8% on a year-over-year basis.

CHS opened at $3.55 on Thursday. Chico’s FAS has a 1-year low of $3.24 and a 1-year high of $10.44. The company has a quick ratio of 0.91, a current ratio of 1.09 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $434.85 million, a price-to-earnings ratio of 11.45, a P/E/G ratio of 6.07 and a beta of 0.28.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date of this dividend is Friday, June 14th. Chico’s FAS’s dividend payout ratio is presently 112.90%.

Several analysts have commented on CHS shares. ValuEngine upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. Zacks Investment Research lowered shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Monday, March 18th. B. Riley set a $6.00 target price on shares of Chico’s FAS and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $4.00 price objective (down from $5.00) on shares of Chico’s FAS in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Chico’s FAS has a consensus rating of “Hold” and a consensus target price of $5.06.

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About Chico’s FAS

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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

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