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

Carter’s (NYSE:CRI) issued an update on its first quarter earnings guidance on Tuesday morning. 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 Stock Up 0.1 %

Shares of CRI traded up $0.05 during trading hours on Wednesday, hitting $43.72. 555,872 shares of the company were exchanged, compared to its average volume of 1,020,637. The company has a market cap of $1.58 billion, a PE ratio of 6.94, a PEG ratio of 3.37 and a beta of 1.21. The firm’s 50 day moving average is $53.10 and its 200-day moving average is $58.37. Carter’s has a 52 week low of $42.55 and a 52 week high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.52. The company had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.76 EPS. On average, equities research analysts forecast that Carter’s will post 5.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CRI shares. Wells Fargo & Company cut their price objective on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research report on Wednesday. Citigroup cut their price objective on Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, Carter’s presently has an average rating of “Hold” and a consensus price target of $61.20.

About Carter’s

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.