Wall Street brokerages expect Chico’s FAS, Inc. (NYSE:CHS) to announce $580.23 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Chico’s FAS’s earnings, with estimates ranging from $574.00 million to $587.40 million. Chico’s FAS posted sales of $635.73 million during the same quarter last year, which suggests a negative year-over-year growth rate of 8.7%. The business is scheduled to report its next earnings results before the market opens on Wednesday, August 30th.

On average, analysts expect that Chico’s FAS will report full year sales of $580.23 million for the current fiscal year, with estimates ranging from $2.28 billion to $2.37 billion. For the next financial year, analysts anticipate that the company will post sales of $2.28 billion per share, with estimates ranging from $2.19 billion to $2.34 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Chico’s FAS.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.03. Chico’s FAS had a net margin of 3.86% and a return on equity of 17.36%. The business had revenue of $583.70 million for the quarter, compared to the consensus estimate of $624.75 million. During the same quarter last year, the firm earned $0.25 EPS. The company’s revenue for the quarter was down 9.2% on a year-over-year basis.

Several research firms recently commented on CHS. BidaskClub raised Chico’s FAS from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research raised Chico’s FAS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $11.00 target price on shares of Chico’s FAS in a research note on Thursday, July 6th. ValuEngine raised Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, TheStreet lowered Chico’s FAS from a “b-” rating to a “c+” rating in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $13.43.

COPYRIGHT VIOLATION WARNING: “$580.23 Million in Sales Expected for Chico’s FAS, Inc. (NYSE:CHS) This Quarter” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/08/08/580-23-million-in-sales-expected-for-chicos-fas-inc-nysechs-this-quarter.html.

Chico’s FAS (CHS) opened at 9.11 on Tuesday. The company has a market cap of $1.15 billion, a PE ratio of 12.71 and a beta of 0.66. The stock’s 50 day moving average price is $9.02 and its 200 day moving average price is $12.05. Chico’s FAS has a 12-month low of $8.44 and a 12-month high of $16.85.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be issued a $0.0825 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 3.62%. Chico’s FAS’s dividend payout ratio is presently 46.48%.

In related news, Director Ross E. Roeder sold 5,000 shares of Chico’s FAS stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $9.50, for a total transaction of $47,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ross E. Roeder sold 10,000 shares of Chico’s FAS stock in a transaction on Monday, June 12th. The stock was sold at an average price of $9.75, for a total value of $97,500.00. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. OLD National Bancorp IN raised its stake in shares of Chico’s FAS by 0.5% in the first quarter. OLD National Bancorp IN now owns 49,189 shares of the specialty retailer’s stock worth $698,000 after buying an additional 237 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Chico’s FAS by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 129,423 shares of the specialty retailer’s stock worth $1,219,000 after buying an additional 413 shares during the period. Liberty Mutual Group Asset Management Inc. raised its stake in shares of Chico’s FAS by 0.8% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 58,215 shares of the specialty retailer’s stock worth $826,000 after buying an additional 461 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Chico’s FAS by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock worth $109,000 after buying an additional 473 shares during the period. Finally, State Treasurer State of Michigan raised its stake in shares of Chico’s FAS by 1.0% in the first quarter. State Treasurer State of Michigan now owns 52,500 shares of the specialty retailer’s stock worth $746,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.

Chico’s FAS Company Profile

Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.

Get a free copy of the Zacks research report on Chico’s FAS (CHS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Chico`s FAS (NYSE:CHS)

Receive News & Ratings for Chico's FAS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.