Carter’s (NYSE:CRI) Announces Quarterly Earnings Results

Carter’s (NYSE:CRI) posted its earnings results on Tuesday. The textile maker reported $2.39 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.52, Zacks reports. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The company had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. During the same period last year, the business posted $2.76 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year.

Carter’s Stock Down 15.9 %

Shares of CRI stock opened at $43.77 on Wednesday. Carter’s has a 12-month low of $42.55 and a 12-month high of $88.03. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average of $53.10 and a 200-day moving average of $58.37. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 6.95, a P/E/G ratio of 3.37 and a beta of 1.21.

Analyst Ratings Changes

Separately, Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the stock has an average 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.