Carter's (NYSE:CRI) Releases FY 2025 Earnings Guidance

Carter's (NYSE:CRI - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. 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 Trading Down 2.0 %

CRI stock traded down $0.85 during midday trading on Friday, reaching $41.30. 1,682,648 shares of the company traded hands, compared to its average volume of 1,127,734. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 6.56, a P/E/G ratio of 3.37 and a beta of 1.21. 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 business has a 50 day moving average of $52.59 and a 200-day moving average of $58.14. Carter's has a 52-week low of $40.76 and a 52-week high of $88.03.

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

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Carter's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be paid a dividend of $0.80 per share. 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 7.75%. Carter's's dividend payout ratio is presently 62.62%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday. Wells Fargo & Company decreased their price target on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, UBS Group dropped their price objective on Carter's from $57.00 to $49.00 and set a "neutral" rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, Carter's currently has an average rating of "Hold" and a consensus price target 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.