Childrens Place Inc (PLCE) Releases Q3 Earnings Guidance
Childrens Place Inc (NASDAQ:PLCE) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $1.74-1.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.82, AnalystRatings.NET reports. Childrens Place also updated its FY15 guidance to $2.95-3.05 EPS.
Shares of Childrens Place Inc (NASDAQ:PLCE) opened at 50.45 on Thursday. Childrens Place Inc has a one year low of $44.54 and a one year 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 issued its quarterly earnings data on Thursday, August 21st. The company reported ($0.37) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.42) earnings per share. Childrens Place’s revenue was up .6% compared to the same quarter last year. 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. Stockholders 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%.
PLCE has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price 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.
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