Chico’s FAS, Inc. (CHS) Expected to Post Earnings of $0.03 Per Share

Equities research analysts predict that Chico’s FAS, Inc. (NYSE:CHS) will post $0.03 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Chico’s FAS’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.04. Chico’s FAS posted earnings per share of $0.23 in the same quarter last year, which would suggest a negative year-over-year growth rate of 87%. The company is expected to report its next earnings report on Wednesday, May 29th.

According to Zacks, analysts expect that Chico’s FAS will report full year earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from ($0.06) to $0.16. For the next financial year, analysts forecast that the business will report earnings of $0.14 per share, with EPS estimates ranging from ($0.14) to $0.35. 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 announced its quarterly earnings results on Wednesday, March 6th. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.02. Chico’s FAS had a net margin of 1.67% and a return on equity of 6.89%. The firm had revenue of $524.70 million during the quarter, compared to the consensus estimate of $514.28 million. During the same period last year, the firm posted $0.11 EPS. The firm’s quarterly revenue was down 10.7% on a year-over-year basis.

A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. ValuEngine downgraded shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.15.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantamental Technologies LLC bought a new position in shares of Chico’s FAS in the fourth quarter worth about $28,000. SEI Investments Co grew its position in shares of Chico’s FAS by 143.9% during the 1st quarter. SEI Investments Co now owns 9,020 shares of the specialty retailer’s stock worth $31,000 after buying an additional 5,322 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in shares of Chico’s FAS during the 4th quarter worth approximately $48,000. Alpine Woods Capital Investors LLC acquired a new stake in shares of Chico’s FAS during the 1st quarter worth approximately $59,000. Finally, Eads & Heald Wealth Management acquired a new stake in shares of Chico’s FAS during the 4th quarter worth approximately $62,000. 99.55% of the stock is owned by institutional investors.

Shares of CHS stock opened at $3.95 on Thursday. Chico’s FAS has a 12-month low of $3.30 and a 12-month high of $10.90. The stock has a market cap of $472.58 million, a P/E ratio of 12.74, a PEG ratio of 4.71 and a beta of 0.28. The company has a quick ratio of 0.91, a current ratio of 1.76 and a debt-to-equity ratio of 0.10.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date of this dividend is Friday, June 14th. Chico’s FAS’s dividend payout ratio is presently 112.90%.

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

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