Carter’s (NYSE:CRI) Issues Q4 Earnings Guidance

Carter’s (NYSE:CRI) issued an update on its fourth quarter earnings guidance on Friday morning. The company provided EPS guidance of 1.32-1.72 for the period, compared to the consensus EPS estimate of $1.85. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $825.80 million. Carter’s also updated its FY 2024 guidance to 4.700-5.150 EPS.

Wall Street Analysts Forecast Growth

CRI has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Bank of America cut their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Carter’s presently has a consensus rating of “Hold” and a consensus price target of $71.17.

Carter’s Stock Down 13.3 %

CRI stock opened at $56.95 on Monday. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.61. Carter’s has a 52 week low of $54.74 and a 52 week high of $88.03. The stock has a market capitalization of $2.08 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 3.86 and a beta of 1.23. The firm has a 50 day moving average of $66.18 and a 200 day moving average of $65.73.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Friday, October 25th. The textile maker reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.35. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. The firm had revenue of $758.46 million for the quarter, compared to analyst estimates of $747.95 million. Sell-side analysts forecast that Carter’s will post 4.87 earnings per share for the current year.

Carter’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s payout ratio is 50.47%.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.