Carter’s (NYSE:CRI) Posts Quarterly Earnings Results, Beats Estimates By $0.52 EPS

Carter’s (NYSE:CRI) posted its quarterly earnings results on Tuesday. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.52, Zacks reports. The business had revenue of $859.70 million for the quarter, compared to analysts’ expectations of $835.82 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $2.76 earnings per share.

Carter’s Trading Down 15.9 %

NYSE CRI opened at $43.77 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter’s has a 12 month low of $42.55 and a 12 month high of $88.03. The company has a market capitalization of $1.58 billion, a PE ratio of 6.95, a P/E/G ratio of 3.37 and a beta of 1.21. The stock has a 50-day simple moving average of $53.10 and a 200 day simple moving average of $58.37.

Wall Street Analysts Forecast Growth

Separately, 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 research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, Carter’s presently has an average rating of “Hold” and an average price target 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.