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

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

Carter’s Price Performance

CRI stock traded down $8.36 during midday trading on Tuesday, reaching $43.71. The company had a trading volume of 2,310,126 shares, compared to its average volume of 962,287. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter’s has a 1-year low of $42.55 and a 1-year high of $88.03. The stock has a 50 day moving average price of $53.36 and a 200-day moving average price of $58.50.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share 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 firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.76 EPS. Equities research analysts expect that Carter’s will post 5.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CRI shares. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company decreased their target price on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.60.

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.