Carter’s (NYSE:CRI) Updates FY 2025 Earnings Guidance

Carter’s (NYSE:CRI) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.200-3.800 for the period, compared to the consensus EPS estimate of 4.950. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.8 billion. Carter’s also updated its FY25 guidance to $3.20-3.80 EPS.

Carter’s Stock Down 16.2 %

CRI traded down $8.42 during trading hours on Tuesday, hitting $43.65. 1,103,771 shares of the company’s stock were exchanged, compared to its average volume of 914,144. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 3.37 and a beta of 1.21. Carter’s has a 1-year low of $43.03 and a 1-year high of $88.03. The stock’s 50-day moving average is $53.36 and its two-hundred day moving average is $58.50. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 8.11% and a return on equity of 27.15%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $2.76 EPS. Sell-side analysts predict that Carter’s will post 5.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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