Wall Street brokerages forecast that Chico’s FAS, Inc. (NYSE:CHS) will announce ($0.09) earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Chico’s FAS’s earnings. The highest EPS estimate is ($0.07) and the lowest is ($0.12). Chico’s FAS posted earnings per share of $0.11 during the same quarter last year, which suggests a negative year over year growth rate of 181.8%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, March 6th.
According to Zacks, analysts expect that Chico’s FAS will report full-year earnings of $0.33 per share for the current financial year, with EPS estimates ranging from $0.31 to $0.35. For the next year, analysts anticipate that the business will post earnings of $0.26 per share, with EPS estimates ranging from $0.05 to $0.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Chico’s FAS.
Get Chico's FAS alerts:Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Wednesday, November 28th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). Chico’s FAS had a return on equity of 10.14% and a net margin of 3.66%. The business had revenue of $499.90 million during the quarter, compared to analysts’ expectations of $515.63 million. During the same quarter in the previous year, the company posted $0.13 EPS. The company’s quarterly revenue was down 6.1% on a year-over-year basis.
A number of brokerages have issued reports on CHS. MKM Partners cut their price target on Chico’s FAS from $8.00 to $4.50 and set a “neutral” rating for the company in a research note on Thursday, November 29th. Zacks Investment Research upgraded Chico’s FAS from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Monday, February 4th. B. Riley set a $7.00 price target on Chico’s FAS and gave the stock a “buy” rating in a research note on Thursday, November 29th. Citigroup cut their price target on Chico’s FAS from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, November 29th. Finally, ValuEngine lowered Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $6.50.
CHS stock traded down $0.13 during trading on Wednesday, reaching $5.68. The company’s stock had a trading volume of 2,361,440 shares, compared to its average volume of 2,916,112. Chico’s FAS has a 1 year low of $4.42 and a 1 year high of $10.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 2.01. The firm has a market capitalization of $714.17 million, a PE ratio of 8.35, a PEG ratio of 1.47 and a beta of 0.40.
Institutional investors have recently modified their holdings of the company. Quantamental Technologies LLC purchased a new position in shares of Chico’s FAS during the fourth quarter valued at about $28,000. Oregon Public Employees Retirement Fund purchased a new position in shares of Chico’s FAS during the fourth quarter valued at about $48,000. Eads & Heald Wealth Management purchased a new position in shares of Chico’s FAS during the fourth quarter valued at about $62,000. Virtu Financial LLC purchased a new position in shares of Chico’s FAS during the fourth quarter valued at about $82,000. Finally, Zacks Investment Management purchased a new position in shares of Chico’s FAS during the fourth quarter valued at about $83,000.
Chico’s FAS Company Profile
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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