Equities analysts forecast that Chico’s FAS, Inc. (NYSE:CHS) will announce ($0.22) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Chico’s FAS’s earnings, with estimates ranging from ($0.25) to ($0.17). The business is scheduled to announce its next earnings results on Wednesday, August 26th.

On average, analysts expect that Chico’s FAS will report full year earnings of ($1.87) per share for the current year, with EPS estimates ranging from ($1.90) to ($1.84). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.31) to $0.15. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Chico’s FAS.

Chico’s FAS (NYSE:CHS) last posted its quarterly earnings results on Wednesday, June 10th. The specialty retailer reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.13). The firm had revenue of $280.26 million for the quarter, compared to analyst estimates of $343.53 million. Chico’s FAS had a negative return on equity of 10.53% and a negative net margin of 10.72%.

Several equities analysts recently commented on the stock. B. Riley dropped their price objective on shares of Chico’s FAS from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Morgan Stanley dropped their price target on shares of Chico’s FAS from $3.00 to $2.00 and set an “equal weight” rating for the company in a research note on Thursday, March 19th. Finally, Zacks Investment Research downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Friday, June 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $3.76.

NYSE:CHS traded up $0.04 on Monday, hitting $1.37. The company had a trading volume of 1,429,675 shares, compared to its average volume of 2,872,425. The stock has a market capitalization of $159.02 million, a price-to-earnings ratio of -0.78 and a beta of 1.13. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 1.96. The firm has a 50 day moving average of $1.43 and a two-hundred day moving average of $2.55. Chico’s FAS has a 52 week low of $0.93 and a 52 week high of $5.14.

In other Chico’s FAS news, insider Molly Langenstein acquired 75,000 shares of Chico’s FAS stock in a transaction dated Friday, June 26th. The stock was purchased at an average cost of $1.33 per share, for a total transaction of $99,750.00. Also, CEO Bonnie R. Brooks purchased 77,176 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average cost of $1.30 per share, for a total transaction of $100,328.80. Insiders acquired 186,176 shares of company stock valued at $243,279 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC lifted its position in shares of Chico’s FAS by 17.2% during the fourth quarter. ProShare Advisors LLC now owns 19,086 shares of the specialty retailer’s stock valued at $73,000 after purchasing an additional 2,805 shares in the last quarter. Swiss National Bank lifted its position in shares of Chico’s FAS by 1.9% during the fourth quarter. Swiss National Bank now owns 225,600 shares of the specialty retailer’s stock valued at $860,000 after purchasing an additional 4,300 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Chico’s FAS by 29.4% during the fourth quarter. Victory Capital Management Inc. now owns 21,697 shares of the specialty retailer’s stock valued at $83,000 after purchasing an additional 4,933 shares in the last quarter. Legacy Capital Partners Inc. lifted its position in shares of Chico’s FAS by 100.0% during the first quarter. Legacy Capital Partners Inc. now owns 20,000 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Teza Capital Management LLC bought a new stake in Chico’s FAS in the fourth quarter worth about $38,000. 89.99% of the stock is currently owned by institutional investors.

About Chico’s FAS

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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