Childrens Place (NASDAQ:PLCE) Releases Q4 Earnings Guidance

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Childrens Place (NASDAQ:PLCE) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.48-1.68 for the period, compared to the Thomson Reuters consensus estimate of $2.06. The company issued revenue guidance of $504-509 million, compared to the consensus revenue estimate of $555.09 million.Childrens Place also updated its FY 2019
Pre-Market guidance to $5.00-5.20 EPS.

Shares of NASDAQ PLCE opened at $54.31 on Thursday. The business’s 50 day moving average is $76.33 and its two-hundred day moving average is $85.24. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.77 and a quick ratio of 0.20. Childrens Place has a 1-year low of $53.80 and a 1-year high of $116.84. The stock has a market capitalization of $1.09 billion, a P/E ratio of 8.05, a PEG ratio of 1.57 and a beta of 0.72.

Childrens Place (NASDAQ:PLCE) last announced its earnings results on Wednesday, December 11th. The company reported $3.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.02 by $0.01. Childrens Place had a return on equity of 26.03% and a net margin of 3.60%. The business had revenue of $524.80 million during the quarter, compared to analyst estimates of $534.09 million. During the same quarter in the previous year, the business earned $3.07 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities research analysts anticipate that Childrens Place will post 5.6 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be given a dividend of $0.56 per share. The ex-dividend date is Friday, December 13th. Childrens Place’s dividend payout ratio (DPR) is presently 33.19%.

PLCE has been the subject of several recent analyst reports. Barclays restated a hold rating and set a $55.00 target price on shares of Childrens Place in a research report on Thursday. B. Riley restated a neutral rating and set a $59.00 target price on shares of Childrens Place in a research report on Wednesday. Zacks Investment Research boosted their target price on Childrens Place to $106.75 in a research report on Tuesday, October 15th. BidaskClub lowered Childrens Place from a hold rating to a sell rating in a research report on Thursday, November 21st. Finally, DA Davidson set a $135.00 target price on Childrens Place and gave the company a buy rating in a research report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $91.16.

Childrens Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, 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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