Equities research analysts predict that Chico’s FAS, Inc. (NYSE:CHS) will post $0.13 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Chico’s FAS’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.19. Chico’s FAS posted earnings per share of $0.18 in the same quarter last year, which would suggest a negative year-over-year growth rate of 27.8%. The company is expected to report its next earnings report on Wednesday, August 29th.

According to Zacks, analysts expect that Chico’s FAS will report full year earnings of $0.66 per share for the current fiscal year, with EPS estimates ranging from $0.57 to $0.79. For the next financial year, analysts forecast that the business will report earnings of $0.72 per share, with EPS estimates ranging from $0.55 to $0.87. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Chico’s FAS.

Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Wednesday, May 30th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.03). The company had revenue of $561.80 million for the quarter, compared to analyst estimates of $551.99 million. Chico’s FAS had a return on equity of 12.82% and a net margin of 4.26%. Chico’s FAS’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS.

A number of equities analysts have recently weighed in on CHS shares. Morgan Stanley reiterated an “equal weight” rating and issued a $12.00 target price (up previously from $11.00) on shares of Chico’s FAS in a report on Thursday, March 1st. SunTrust Banks set a $14.00 target price on Chico’s FAS and gave the company a “buy” rating in a report on Wednesday, February 28th. Royal Bank of Canada reiterated a “buy” rating and issued a $11.00 target price on shares of Chico’s FAS in a report on Thursday, March 1st. Jefferies Financial Group reiterated a “hold” rating and issued a $10.00 target price on shares of Chico’s FAS in a report on Thursday, March 1st. Finally, Nomura upped their target price on Chico’s FAS from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, March 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Chico’s FAS has a consensus rating of “Hold” and an average target price of $9.88.

Several hedge funds and other institutional investors have recently made changes to their positions in CHS. BlackRock Inc. boosted its position in Chico’s FAS by 2.0% during the fourth quarter. BlackRock Inc. now owns 16,176,335 shares of the specialty retailer’s stock worth $142,674,000 after purchasing an additional 313,418 shares during the period. Dimensional Fund Advisors LP boosted its position in Chico’s FAS by 12.9% during the first quarter. Dimensional Fund Advisors LP now owns 9,663,588 shares of the specialty retailer’s stock worth $87,359,000 after purchasing an additional 1,107,087 shares during the period. Millennium Management LLC boosted its position in Chico’s FAS by 161.2% during the fourth quarter. Millennium Management LLC now owns 3,378,419 shares of the specialty retailer’s stock worth $29,798,000 after purchasing an additional 2,084,803 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Chico’s FAS by 1.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,089,084 shares of the specialty retailer’s stock valued at $27,247,000 after acquiring an additional 54,191 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Chico’s FAS by 13.5% in the first quarter. Wells Fargo & Company MN now owns 2,552,408 shares of the specialty retailer’s stock valued at $23,075,000 after acquiring an additional 303,555 shares during the period. 95.39% of the stock is owned by institutional investors and hedge funds.

Shares of Chico’s FAS traded up $0.15, reaching $8.59, during trading hours on Wednesday, according to MarketBeat Ratings. The company’s stock had a trading volume of 1,856,973 shares, compared to its average volume of 3,014,652. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 1.27 and a beta of 0.72. Chico’s FAS has a 1-year low of $6.96 and a 1-year high of $10.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.03.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Monday, June 18th will be paid a $0.085 dividend. The ex-dividend date of this dividend is Friday, June 15th. This represents a $0.34 annualized dividend and a dividend yield of 3.96%. Chico’s FAS’s payout ratio is 50.00%.

About Chico’s FAS

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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

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