Carter’s (NYSE:CRI) Updates Q1 Earnings Guidance

Carter’s (NYSE:CRI) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.45-0.55 for the period, compared to the consensus EPS 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

CRI has been the topic of a number of research reports. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price on the stock in a report on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on 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, Carter’s presently has a consensus rating of “Hold” and an average target price of $65.60.

Carter’s Trading Down 16.0 %

NYSE CRI traded down $8.36 during mid-day trading on Tuesday, reaching $43.71. 2,310,126 shares of the stock were exchanged, compared to its average volume of 962,287. The stock has a 50 day simple moving average of $53.36 and a 200-day simple moving average of $58.50. Carter’s has a one year low of $42.55 and a one 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. The stock has a market cap 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 (NYSE:CRI) last announced its earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, beating the consensus estimate of $1.87 by $0.52. The company had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.76 EPS. On average, analysts anticipate that Carter’s will post 5.15 EPS for the current year.

Carter’s Company Profile

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.