Zacks: Analysts Anticipate Chico’s FAS, Inc. (NYSE:CHS) Will Announce Earnings of -$0.06 Per Share

Equities analysts expect that Chico’s FAS, Inc. (NYSE:CHS) will report earnings of ($0.06) per share for the current quarter, according to Zacks. Three analysts have issued estimates for Chico’s FAS’s earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.02). Chico’s FAS posted earnings per share of $0.05 during the same quarter last year, which would indicate a negative year over year growth rate of 220%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 27th.

On average, analysts expect that Chico’s FAS will report full-year earnings of ($0.15) per share for the current financial year, with EPS estimates ranging from ($0.21) to ($0.06). For the next financial year, analysts expect that the company will report earnings of ($0.08) per share, with EPS estimates ranging from ($0.34) to $0.12. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Chico’s FAS.

Chico’s FAS (NYSE:CHS) last issued its earnings results on Tuesday, June 11th. The specialty retailer reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Chico’s FAS had a positive return on equity of 0.58% and a negative net margin of 0.51%. The company had revenue of $517.70 million during the quarter, compared to the consensus estimate of $517.61 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The company’s revenue was down 7.8% compared to the same quarter last year.



A number of research firms have weighed in on CHS. TheStreet cut Chico’s FAS from a “c” rating to a “d+” rating in a report on Wednesday, August 28th. ValuEngine lowered shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. MKM Partners set a $4.00 target price on shares of Chico’s FAS and gave the stock a “hold” rating in a research report on Thursday, August 29th. Telsey Advisory Group decreased their target price on shares of Chico’s FAS from $4.00 to $3.00 and set a “market perform” rating for the company in a research note on Thursday, August 29th. Finally, Morgan Stanley lowered their price target on shares of Chico’s FAS from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $4.67.

In related news, Director Kimberly Roy Tofalli purchased 14,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average price of $3.62 per share, for a total transaction of $50,680.00. Following the completion of the purchase, the director now owns 21,238 shares in the company, valued at $76,881.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have bought 23,100 shares of company stock valued at $82,741 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds have recently modified their holdings of CHS. Parallel Advisors LLC acquired a new position in Chico’s FAS in the second quarter worth about $25,000. Legacy Capital Partners Inc. acquired a new stake in shares of Chico’s FAS during the second quarter valued at about $34,000. Alpine Woods Capital Investors LLC acquired a new stake in shares of Chico’s FAS during the first quarter valued at about $59,000. Mycio Wealth Partners LLC purchased a new stake in shares of Chico’s FAS in the 2nd quarter valued at approximately $47,000. Finally, World Asset Management Inc purchased a new stake in shares of Chico’s FAS in the 1st quarter valued at approximately $62,000. 92.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:CHS traded down $0.01 during mid-day trading on Friday, hitting $4.00. 3,620,166 shares of the company traded hands, compared to its average volume of 3,192,464. The firm’s 50 day simple moving average is $3.14 and its 200 day simple moving average is $3.75. The firm has a market cap of $462.05 million, a P/E ratio of 12.90 and a beta of 0.26. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.08. Chico’s FAS has a 52-week low of $2.33 and a 52-week high of $8.90.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date of this dividend is Friday, September 13th. Chico’s FAS’s payout ratio is currently 112.90%.

Chico’s FAS Company Profile

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. 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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