Chico’s FAS, Inc. (CHS) Expected to Post Earnings of $0.13 Per Share

Wall Street analysts expect Chico’s FAS, Inc. (NYSE:CHS) to report earnings of $0.13 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Chico’s FAS’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.11. Chico’s FAS posted earnings of $0.20 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 35%. The firm is scheduled to report its next quarterly earnings report before the market opens on Tuesday, November 21st.

According to Zacks, analysts expect that Chico’s FAS will report full-year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.68. For the next fiscal year, analysts anticipate that the business will post earnings of $0.70 per share, with EPS estimates ranging from $0.60 to $0.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Chico’s FAS.

Chico’s FAS (NYSE:CHS) last released its earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The firm had revenue of $578.60 million for the quarter, compared to analyst estimates of $578.58 million. Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS.

Several analysts have recently commented on CHS shares. BidaskClub downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. KeyCorp reaffirmed a “hold” rating on shares of Chico’s FAS in a research report on Wednesday, October 11th. SunTrust Banks, Inc. set a $12.00 target price on Chico’s FAS and gave the company a “buy” rating in a research report on Monday, October 16th. Jefferies Group LLC set a $11.00 target price on Chico’s FAS and gave the company a “hold” rating in a research report on Friday, August 18th. Finally, Citigroup Inc. lowered Chico’s FAS from a “buy” rating to a “neutral” rating in a research report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $11.69.

A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position in Chico’s FAS by 1.3% in the third quarter. Wells Fargo & Company MN now owns 2,016,352 shares of the specialty retailer’s stock valued at $18,046,000 after purchasing an additional 25,054 shares during the last quarter. Trexquant Investment LP bought a new stake in Chico’s FAS in the third quarter valued at approximately $708,000. JPMorgan Chase & Co. lifted its position in Chico’s FAS by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 8,203,559 shares of the specialty retailer’s stock valued at $72,437,000 after purchasing an additional 35,305 shares during the last quarter. Legal & General Group Plc lifted its position in Chico’s FAS by 80.0% in the third quarter. Legal & General Group Plc now owns 332,532 shares of the specialty retailer’s stock valued at $2,975,000 after purchasing an additional 147,825 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Chico’s FAS by 120.6% in the third quarter. Great West Life Assurance Co. Can now owns 174,780 shares of the specialty retailer’s stock valued at $1,543,000 after purchasing an additional 95,565 shares during the last quarter.

Shares of Chico’s FAS (NYSE CHS) traded up $0.32 during mid-day trading on Wednesday, hitting $8.02. 3,318,300 shares of the stock traded hands, compared to its average volume of 2,942,270. The firm has a market cap of $988.02, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 1.08 and a beta of 0.69. Chico’s FAS has a one year low of $6.96 and a one year high of $16.85. The company has a current ratio of 1.78, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

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Chico’s FAS Company Profile

Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.

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

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