Carter’s (NYSE:CRI) Updates Q4 2024 Earnings Guidance

Carter’s (NYSE:CRI) updated its fourth quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 1.320-1.720 for the period, compared to the consensus EPS estimate of 1.860. The company issued revenue guidance of $800.0 million-$840.0 million, compared to the consensus revenue estimate of $825.5 million. Carter’s also updated its FY 2024 guidance to 4.700-5.150 EPS.

Carter’s Stock Down 13.3 %

Shares of NYSE CRI traded down $8.74 during trading on Friday, reaching $56.95. The company had a trading volume of 4,843,069 shares, compared to its average volume of 938,658. The business’s 50-day moving average is $66.18 and its 200 day moving average is $65.79. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.08 billion, a PE ratio of 8.98, a P/E/G ratio of 3.86 and a beta of 1.23. Carter’s has a 12-month low of $54.74 and a 12-month high of $88.03.

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

Carter’s Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Bank of America reduced their target price on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. Wells Fargo & Company lifted their price objective on Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.17.

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.