Childrens Place Inc (PLCE) Releases FY15 Earnings Guidance
Childrens Place Inc (NASDAQ:PLCE) issued an update on its FY15 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.95-3.05 for the period, compared to the Thomson Reuters consensus estimate of $3.02, Analyst RN reports. Childrens Place also updated its Q3 guidance to $1.74-1.82 EPS.
Childrens Place Inc (NASDAQ:PLCE) opened at 50.45 on Thursday. Childrens Place Inc has a 52-week low of $44.54 and a 52-week high of $58.89. The stock’s 50-day moving average is $49.5 and its 200-day moving average is $49.86. The company has a market cap of $1.102 billion and a P/E ratio of 24.12.
Childrens Place (NASDAQ:PLCE) last released its earnings data on Thursday, August 21st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.08. The company had revenue of $384.60 million for the quarter, compared to the consensus estimate of $378.63 million. During the same quarter in the previous year, the company posted ($0.42) earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts predict that Childrens Place Inc will post $3.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 17th. Shareholders of record on Friday, September 26th will be given a dividend of $0.1325 per share. This represents a $0.53 dividend on an annualized basis and a yield of 1.05%.
A number of analysts have recently weighed in on PLCE shares. Analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of Childrens Place in a research note on Monday. They now have a $52.00 price target on the stock, down previously from $54.00. On a related note, analysts at Maxim Group reiterated a buy rating on shares of Childrens Place in a research note on Wednesday, June 18th. Finally, analysts at CRT Capital initiated coverage on shares of Childrens Place in a research note on Thursday, June 12th. They set a fair value rating and a $52.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $54.64.
Childrens Place Inc(NASDAQ:PLCE), formerly The Children’s Place Retail Stores, Inc, is a pure-play children’s specialty apparel retailer in North America.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.