Brokerages Expect Children’s Place, Inc. (The) (PLCE) to Announce $2.46 Earnings Per Share

Equities analysts expect Children’s Place, Inc. (The) (NASDAQ:PLCE) to announce $2.46 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Children’s Place, Inc. (The)’s earnings. The lowest EPS estimate is $2.43 and the highest is $2.51. Children’s Place, Inc. (The) posted earnings per share of $2.29 during the same quarter last year, which suggests a positive year over year growth rate of 7.4%. The company is scheduled to issue its next earnings results on Thursday, November 16th.

On average, analysts expect that Children’s Place, Inc. (The) will report full-year earnings of $7.37 per share for the current fiscal year, with EPS estimates ranging from $7.21 to $7.52. For the next year, analysts anticipate that the firm will post earnings of $7.99 per share, with EPS estimates ranging from $7.41 to $8.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Children’s Place, Inc. (The).

Children’s Place, Inc. (The) (NASDAQ:PLCE) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.11. Children’s Place, Inc. (The) had a return on equity of 26.01% and a net margin of 7.14%. The business had revenue of $373.60 million during the quarter, compared to analyst estimates of $376.53 million. During the same period in the previous year, the firm earned ($0.01) EPS. Children’s Place, Inc. (The)’s quarterly revenue was up .6% compared to the same quarter last year.

PLCE has been the subject of several recent analyst reports. FBR & Co set a $127.00 target price on Children’s Place, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, May 18th. BMO Capital Markets set a $112.00 target price on Children’s Place, Inc. (The) and gave the stock a “hold” rating in a research note on Thursday, May 18th. ValuEngine raised Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. Morgan Stanley raised their price objective on Children’s Place, Inc. (The) from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, May 22nd. Finally, BidaskClub cut Children’s Place, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $125.00.

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Institutional investors have recently modified their holdings of the stock. Strs Ohio lifted its holdings in Children’s Place, Inc. (The) by 150.0% during the first quarter. Strs Ohio now owns 1,000 shares of the company’s stock worth $120,000 after acquiring an additional 600 shares during the period. LS Investment Advisors LLC raised its stake in shares of Children’s Place, Inc. (The) by 73.8% in the first quarter. LS Investment Advisors LLC now owns 1,220 shares of the company’s stock valued at $146,000 after buying an additional 518 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Children’s Place, Inc. (The) by 80.7% in the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock valued at $129,000 after buying an additional 565 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Children’s Place, Inc. (The) in the first quarter valued at $194,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Children’s Place, Inc. (The) in the second quarter valued at $182,000.

Shares of Children’s Place, Inc. (NASDAQ PLCE) traded down 2.70% during trading on Thursday, hitting $111.85. The company had a trading volume of 441,891 shares. Children’s Place, Inc. has a 12-month low of $70.90 and a 12-month high of $125.30. The stock has a 50-day moving average of $107.14 and a 200 day moving average of $109.04. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.99 and a beta of 0.31.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, September 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.43%. Children’s Place, Inc. (The)’s dividend payout ratio (DPR) is currently 22.92%.

About Children’s Place, Inc. (The)

The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.

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

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