Wall Street analysts forecast that Childrens Place Inc (NASDAQ:PLCE) will post earnings of $3.03 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Childrens Place’s earnings. The lowest EPS estimate is $3.00 and the highest is $3.05. Childrens Place posted earnings of $3.07 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.3%. The business is expected to issue its next quarterly earnings report on Thursday, December 5th.

According to Zacks, analysts expect that Childrens Place will report full-year earnings of $5.62 per share for the current year, with EPS estimates ranging from $5.39 to $5.75. For the next financial year, analysts expect that the business will report earnings of $7.71 per share, with EPS estimates ranging from $6.66 to $8.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Childrens Place.

Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $420.50 million for the quarter, compared to analysts’ expectations of $428.28 million. Childrens Place had a net margin of 3.60% and a return on equity of 26.03%. Childrens Place’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 earnings per share.

PLCE has been the topic of a number of recent research reports. Wedbush set a $130.00 target price on shares of Childrens Place and gave the stock a “buy” rating in a research report on Friday, June 21st. BidaskClub cut shares of Childrens Place from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. DA Davidson set a $135.00 target price on shares of Childrens Place and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Wolfe Research reduced their target price on shares of Childrens Place from $137.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. Finally, Deutsche Bank raised shares of Childrens Place from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $116.00.

Shares of NASDAQ PLCE traded down $1.34 during trading on Monday, reaching $92.81. 14,925 shares of the stock were exchanged, compared to its average volume of 746,825. The business’s 50-day moving average price is $86.52 and its 200 day moving average price is $95.80. Childrens Place has a twelve month low of $70.43 and a twelve month high of $160.23. The company has a quick ratio of 0.20, a current ratio of 0.77 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 1.96 and a beta of 0.85.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 23rd will be given a dividend of $0.56 per share. The ex-dividend date is Friday, September 20th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.41%. Childrens Place’s payout ratio is currently 33.19%.

Several large investors have recently modified their holdings of PLCE. Captrust Financial Advisors bought a new stake in shares of Childrens Place in the second quarter worth $32,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Childrens Place by 229.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 570 shares of the company’s stock worth $55,000 after acquiring an additional 397 shares during the last quarter. Anderson Fisher LLC bought a new position in shares of Childrens Place during the second quarter worth about $80,000. US Bancorp DE grew its position in shares of Childrens Place by 128.7% during the second quarter. US Bancorp DE now owns 901 shares of the company’s stock worth $86,000 after acquiring an additional 507 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Childrens Place by 15.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,099 shares of the company’s stock worth $105,000 after acquiring an additional 150 shares during the last quarter.

Childrens Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.

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Earnings History and Estimates for Childrens Place (NASDAQ:PLCE)

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