Carter’s (NYSE:CRI) Issues Q1 Earnings Guidance

Carter’s (NYSE:CRI) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.45-0.55 for the period, compared to the consensus estimate of $0.86. The company issued revenue guidance of $615-625 million, compared to the consensus revenue estimate of $652.96 million. Carter’s also updated its FY 2025 guidance to 3.200-3.800 EPS.

Carter’s Trading Up 0.3 %

Carter’s stock opened at $52.19 on Tuesday. The firm has a 50-day moving average price of $53.36 and a two-hundred day moving average price of $58.50. Carter’s has a 52-week low of $49.65 and a 52-week high of $88.03. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 3.37 and a beta of 1.21. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.52. The business had revenue of $859.70 million during the quarter, compared to analyst estimates of $835.82 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.76 EPS. Sell-side analysts expect that Carter’s will post 5.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CRI shares. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Tuesday, November 12th. Wells Fargo & Company reduced their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $65.60.

Carter’s Company Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.