Christopher & Banks (CBK) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Christopher & Banks (NYSE:CBK) posted its quarterly earnings results on Tuesday. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.05, American Banking & Market News reports. The company had revenue of $103.40 million for the quarter, compared to the consensus estimate of $103.23 million. During the same quarter in the prior year, the company posted $0.02 earnings per share.
Christopher & Banks (NYSE:CBK) opened at 6.65 on Tuesday. Christopher & Banks has a one year low of $5.29 and a one year high of $9.32. The stock’s 50-day moving average is $6.45 and its 200-day moving average is $6.80. The company has a market cap of $242.1 million and a P/E ratio of 29.13.
A number of research firms have recently commented on CBK. Analysts at Buckingham Research initiated coverage on shares of Christopher & Banks in a research note on Friday, May 16th. They set a “buy” rating on the stock. Analysts at Zacks downgraded shares of Christopher & Banks from an “outperform” rating to a “neutral” rating in a research note on Wednesday, March 12th. They now have a $7.60 price target on the stock.
Christopher & Banks Corporation is a retailer of women’s apparel, which operates retail stores through its wholly owned subsidiaries.
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