Carter’s (NYSE:CRI) Issues FY25 Earnings Guidance

Carter’s (NYSE:CRI) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $3.20-3.80 for the period, compared to the consensus EPS estimate of $4.87. The company issued revenue guidance of $2.78-2.855 billion, compared to the consensus revenue estimate of $2.81 billion. Carter’s also updated its FY 2025 guidance to 3.200-3.800 EPS.

Carter’s Price Performance

CRI stock traded down $8.36 during midday trading on Tuesday, reaching $43.71. The company had a trading volume of 2,310,126 shares, compared to its average volume of 962,287. The firm has a 50-day moving average price of $53.36 and a 200-day moving average price of $58.50. The company has a market capitalization of $1.58 billion, a P/E ratio of 6.93, a P/E/G ratio of 3.37 and a beta of 1.21. Carter’s has a 1 year low of $42.55 and a 1 year high of $88.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

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

Wall Street Analyst Weigh In

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

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.