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.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CRI. Citigroup lowered their price target on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday. Wells Fargo & Company lowered their price target on Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, Carter’s presently has an average rating of “Hold” and a consensus price target of $61.20.

Carter’s Stock Up 0.1 %

Shares of CRI stock traded up $0.05 on Wednesday, reaching $43.72. 555,872 shares of the company’s stock traded hands, compared to its average volume of 1,020,637. The business’s 50 day moving average price is $53.10 and its two-hundred day moving average price is $58.37. 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 has a 12-month low of $42.55 and a 12-month high of $88.03. The company has a market capitalization of $1.58 billion, a P/E ratio of 6.94, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21.

Carter’s (NYSE:CRI) last issued 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 firm had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. During the same quarter in the previous year, the company posted $2.76 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts forecast that Carter’s will post 5.15 earnings per share for the current year.

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.