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

Carter's (NYSE:CRI - Get Free Report) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.20-3.80 for the period, compared to the consensus earnings per share 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.

Carter's Trading Down 2.0 %

CRI traded down $0.85 during mid-day trading on Friday, reaching $41.30. The stock had a trading volume of 1,682,648 shares, compared to its average volume of 1,127,734. The firm's fifty day simple moving average is $52.30 and its two-hundred day simple moving average is $58.00. The stock has a market capitalization of $1.49 billion, a P/E ratio of 6.56, a P/E/G ratio of 3.37 and a beta of 1.21. Carter's has a 52 week low of $40.76 and a 52 week high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter's (NYSE:CRI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.52. 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. On average, equities analysts predict that Carter's will post 5.15 EPS for the current year.

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Carter's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 yield of 7.75%. Carter's's payout ratio is presently 62.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CRI shares. Citigroup cut their price target on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday. Wells Fargo & Company reduced their target price on Carter's from $65.00 to $48.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, UBS Group lowered their price target on Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.