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

Carter’s (NYSE:CRI) updated its first quarter earnings guidance on Tuesday. 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.

Wall Street Analyst Weigh In

CRI has been the subject of several research reports. Wells Fargo & Company lowered their price objective 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. Citigroup upgraded 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. One investment analyst has rated the stock with a sell rating and six have given 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 $65.60.

Carter’s Stock Performance

Shares of CRI stock opened at $52.19 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.88 billion, a PE ratio of 8.28, a P/E/G ratio of 3.37 and a beta of 1.21. The company’s fifty day simple moving average is $53.36 and its 200-day simple moving average is $58.50. Carter’s has a 52 week low of $49.65 and a 52 week high of $88.03.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, beating the consensus estimate of $1.87 by $0.52. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The company had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. During the same period last year, the company posted $2.76 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Carter’s will post 5.15 EPS for the current year.

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.