Carter’s (NYSE:CRI) Issues FY25 Earnings Guidance

Carter’s (NYSE:CRI) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.20-3.80 for the period, compared to the consensus estimate of $4.87. The company issued revenue guidance of $2.78-2.855 billion, compared to the consensus revenue estimate of $2.81 billion. Carter’s also updated its FY 2025 guidance to 3.200-3.800 EPS.

Wall Street Analysts Forecast Growth

CRI has been the subject of a number of research reports. Wells Fargo & Company dropped their target price 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. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, Carter’s has an average rating of “Hold” and a consensus price target of $65.60.

Carter’s Stock Up 0.3 %

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

Carter’s (NYSE:CRI) last issued 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 during the quarter, compared to analysts’ expectations of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.76 EPS. Sell-side analysts forecast that Carter’s will post 5.15 earnings per share for the current fiscal 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.