Brokerages Expect Chico’s FAS, Inc. (CHS) Will Post Earnings of $0.26 Per Share

Brokerages expect Chico’s FAS, Inc. (NYSE:CHS) to announce $0.26 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Chico’s FAS’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.24. Chico’s FAS also posted earnings of $0.26 per share in the same quarter last year. The business is scheduled to issue its next earnings results before the market opens on Wednesday, May 30th.

According to Zacks, analysts expect that Chico’s FAS will report full-year earnings of $0.88 per share for the current fiscal year, with EPS estimates ranging from $0.69 to $1.04. For the next fiscal year, analysts forecast that the company will report earnings of $0.95 per share, with EPS estimates ranging from $0.69 to $1.11. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Chico’s FAS.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $587.78 million for the quarter, compared to the consensus estimate of $579.75 million. Chico’s FAS had a net margin of 4.43% and a return on equity of 13.79%. Chico’s FAS’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS.

A number of equities analysts have commented on CHS shares. Royal Bank of Canada reissued a “buy” rating and issued a $11.00 price objective on shares of Chico’s FAS in a research note on Thursday, March 1st. Morgan Stanley reissued an “equal weight” rating and issued a $12.00 price objective (up from $11.00) on shares of Chico’s FAS in a research note on Thursday, March 1st. SunTrust Banks set a $14.00 price objective on shares of Chico’s FAS and gave the stock a “buy” rating in a research note on Wednesday, February 28th. ValuEngine cut shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, Nomura lifted their price objective on shares of Chico’s FAS from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Monday, March 5th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $10.92.

Shares of Chico’s FAS traded down $0.19, reaching $10.00, on Thursday, MarketBeat Ratings reports. The company’s stock had a trading volume of 118,654 shares, compared to its average volume of 2,617,150. Chico’s FAS has a 52-week low of $6.96 and a 52-week high of $11.56. The stock has a market capitalization of $1.36 billion, a P/E ratio of 14.97, a PEG ratio of 1.20 and a beta of 0.76. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.08.

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 dividend of $0.085 per share. The ex-dividend date is Friday, June 15th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.40%. Chico’s FAS’s dividend payout ratio is presently 50.00%.

Several hedge funds have recently added to or reduced their stakes in CHS. Schwab Charles Investment Management Inc. boosted its stake in shares of Chico’s FAS by 6.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 828,612 shares of the specialty retailer’s stock worth $7,309,000 after purchasing an additional 50,669 shares during the period. Fox Run Management L.L.C. boosted its position in Chico’s FAS by 210.4% in the 4th quarter. Fox Run Management L.L.C. now owns 54,325 shares of the specialty retailer’s stock valued at $479,000 after buying an additional 36,825 shares during the period. Clark Estates Inc. NY purchased a new stake in Chico’s FAS in the 4th quarter valued at about $3,660,000. Smith Graham & Co. Investment Advisors LP boosted its position in Chico’s FAS by 41.6% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 740,000 shares of the specialty retailer’s stock valued at $6,527,000 after buying an additional 217,486 shares during the period. Finally, Cerebellum GP LLC purchased a new stake in Chico’s FAS in the 4th quarter valued at about $125,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

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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