Zacks: Analysts Expect Chico’s FAS, Inc. (NYSE:CHS) Will Post Earnings of -$0.15 Per Share

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Equities analysts predict that Chico’s FAS, Inc. (NYSE:CHS) will report earnings of ($0.15) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Chico’s FAS’s earnings, with the lowest EPS estimate coming in at ($0.21) and the highest estimate coming in at ($0.11). Chico’s FAS reported earnings per share of ($0.07) during the same quarter last year, which suggests a negative year over year growth rate of 114.3%. The firm is expected to announce its next earnings results on Wednesday, March 4th.

On average, analysts expect that Chico’s FAS will report full-year earnings of ($0.14) per share for the current fiscal year, with EPS estimates ranging from ($0.20) to ($0.10). For the next year, analysts anticipate that the firm will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.26) to $0.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Chico’s FAS.

Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. Chico’s FAS had a negative return on equity of 1.37% and a negative net margin of 1.23%. The company had revenue of $484.71 million for the quarter, compared to the consensus estimate of $473.21 million. During the same period in the previous year, the business earned $0.05 EPS. Chico’s FAS’s revenue for the quarter was down 3.0% compared to the same quarter last year.

CHS has been the topic of several analyst reports. MKM Partners set a $4.00 price objective on Chico’s FAS and gave the stock a “hold” rating in a report on Thursday, August 29th. Zacks Investment Research upgraded Chico’s FAS from a “strong sell” rating to a “hold” rating in a report on Monday, November 18th. B. Riley restated a “buy” rating and set a $5.50 price objective on shares of Chico’s FAS in a report on Wednesday, November 27th. Telsey Advisory Group lifted their price objective on Chico’s FAS from $3.00 to $5.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley dropped their price objective on Chico’s FAS from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $4.80.

CHS stock traded down $0.02 during midday trading on Friday, hitting $4.08. 2,531,615 shares of the company’s stock were exchanged, compared to its average volume of 2,967,147. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.09 and a quick ratio of 0.43. Chico’s FAS has a 12-month low of $2.33 and a 12-month high of $6.46. The firm has a 50 day moving average price of $3.97 and a 200-day moving average price of $3.54.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.087 per share. The ex-dividend date is Friday, December 6th. This represents a $0.35 annualized dividend and a yield of 8.53%. Chico’s FAS’s dividend payout ratio is presently 112.90%.

A number of hedge funds have recently bought and sold shares of CHS. Parallel Advisors LLC purchased a new stake in Chico’s FAS during the 2nd quarter worth approximately $25,000. Atria Investments LLC acquired a new position in shares of Chico’s FAS in the 2nd quarter worth approximately $41,000. Mycio Wealth Partners LLC acquired a new position in shares of Chico’s FAS in the 2nd quarter worth approximately $47,000. Magnus Financial Group LLC acquired a new position in shares of Chico’s FAS in the 2nd quarter worth approximately $60,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Chico’s FAS in the 2nd quarter worth approximately $74,000. Institutional investors own 94.61% of the company’s stock.

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 and Estimates for Chico`s FAS (NYSE:CHS)

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