Carter’s (NYSE:CRI) Issues FY 2025 Earnings Guidance

Carter’s (NYSE:CRI) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.200-3.800 for the period, compared to the consensus estimate of 4.950. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.8 billion. Carter’s also updated its FY25 guidance to $3.20-3.80 EPS.

Carter’s Stock Performance

Shares of NYSE:CRI traded down $0.70 on Thursday, hitting $41.63. 533,222 shares of the company were exchanged, compared to its average volume of 1,075,797. The firm has a market capitalization of $1.50 billion, a P/E ratio of 6.62, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. 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 1-year low of $41.61 and a 1-year high of $88.03. The stock’s 50 day moving average price is $52.84 and its 200 day moving average price is $58.26.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS 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 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 revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.76 EPS. Sell-side analysts predict that Carter’s will post 5.15 EPS for the current year.

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.69%. Carter’s’s payout ratio is currently 50.79%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRI. UBS Group cut their price target on Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday. Wells Fargo & Company reduced their price target on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Citigroup lowered their price objective on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $55.20.

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.