Childrens Place (NASDAQ:PLCE) released its earnings results on Thursday. The company reported $3.07 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $3.07, MarketWatch Earnings reports. Childrens Place had a net margin of 4.00% and a return on equity of 37.97%. The firm had revenue of $522.50 million during the quarter, compared to analyst estimates of $511.19 million. During the same period last year, the business earned $2.58 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis.
Shares of NASDAQ PLCE opened at $102.28 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of 13.07, a PEG ratio of 1.72 and a beta of 0.17. Childrens Place has a twelve month low of $99.54 and a twelve month high of $161.65.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Monday, December 17th will be issued a $0.50 dividend. The ex-dividend date is Friday, December 14th. This represents a $2.00 dividend on an annualized basis and a yield of 1.96%. Childrens Place’s payout ratio is currently 25.28%.
A number of equities analysts recently weighed in on PLCE shares. BidaskClub lowered shares of Childrens Place from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 8th. Citigroup boosted their price objective on shares of Childrens Place from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, August 24th. ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Bank of America upgraded shares of Childrens Place from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Finally, B. Riley restated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $145.64.
ILLEGAL ACTIVITY WARNING: “Childrens Place (PLCE) Posts Quarterly Earnings Results, Hits Estimates” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.chaffeybreeze.com/2018/12/08/childrens-place-plce-posts-quarterly-earnings-results-hits-estimates.html.
About Childrens Place
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, 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.
Recommended Story: Is a Roth IRA right for you?
Receive News & Ratings for Childrens Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Childrens Place and related companies with MarketBeat.com's FREE daily email newsletter.