Citi Trends (CTRN) Issues Q4 Earnings Guidance

Citi Trends (NASDAQ:CTRN) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.40-0.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.55.

Citi Trends (NASDAQ CTRN) opened at $24.33 on Wednesday. The company has a market capitalization of $344.05, a price-to-earnings ratio of 23.85 and a beta of 0.51. Citi Trends has a 12-month low of $15.54 and a 12-month high of $28.12.

Citi Trends (NASDAQ:CTRN) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $176.90 million during the quarter, compared to analysts’ expectations of $171.30 million. Citi Trends had a return on equity of 7.70% and a net margin of 2.04%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned ($0.06) earnings per share.

A number of analysts have recently weighed in on CTRN shares. BidaskClub lowered Citi Trends from a strong-buy rating to a buy rating in a research note on Saturday, January 6th. TheStreet upgraded Citi Trends from a c+ rating to a b- rating in a research report on Monday, October 16th.

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About Citi Trends

Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home.

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