Carter’s (CRI) Scheduled to Post Earnings on Friday

Carter’s (NYSE:CRIGet Free Report) will be posting its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect Carter’s to post earnings of $0.73 per share for the quarter.

Carter’s (NYSE:CRIGet Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The textile maker reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.24. Carter’s had a return on equity of 28.79% and a net margin of 7.89%. The company had revenue of $858.00 million for the quarter, compared to analysts’ expectations of $867.81 million. During the same period in the previous year, the firm earned $2.29 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. On average, analysts expect Carter’s to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Carter’s Price Performance

CRI traded down $0.72 during trading on Wednesday, reaching $73.14. 159,607 shares of the company traded hands, compared to its average volume of 760,893. The company has a market cap of $2.68 billion, a P/E ratio of 11.72, a PEG ratio of 2.10 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.10 and a current ratio of 2.15. Carter’s has a 12-month low of $60.65 and a 12-month high of $88.03. The firm has a fifty day simple moving average of $80.33 and a 200 day simple moving average of $74.78.

Carter’s Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.38%. This is a boost from Carter’s’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 8th. Carter’s’s dividend payout ratio (DPR) is presently 51.04%.

Insider Transactions at Carter’s

In related news, Director Mark Hipp sold 1,875 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $81.74, for a total value of $153,262.50. Following the completion of the sale, the director now owns 10,216 shares in the company, valued at $835,055.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

CRI has been the subject of several research analyst reports. Monness Crespi & Hardt cut Carter’s from a “buy” rating to a “neutral” rating in a report on Monday, February 26th. Wedbush lifted their price objective on shares of Carter’s from $67.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. downgraded shares of Carter’s from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Evercore ISI lifted their target price on Carter’s from $70.00 to $80.00 and gave the stock an “in-line” rating in a report on Wednesday, February 28th. Finally, UBS Group boosted their price objective on shares of Carter’s from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $75.25.

Check Out Our Latest Stock Report on CRI

Carter’s Company Profile

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Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.

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Earnings History for Carter's (NYSE:CRI)

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