Carter’s (NYSE:CRI) Releases Q4 Earnings Guidance

Carter’s (NYSE:CRI) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.87 for the period, compared to the Thomson Reuters consensus estimate of $3.13. The company issued revenue guidance of $1097-1108 million, compared to the consensus revenue estimate of $1.12 billion.

Shares of Carter’s stock opened at $96.50 on Thursday. The company has a market capitalization of $4.41 billion, a PE ratio of 15.34, a PEG ratio of 2.00 and a beta of 0.90. Carter’s has a 12 month low of $75.66 and a 12 month high of $109.71. The company has a current ratio of 2.20, a quick ratio of 0.73 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $92.74 and its 200 day simple moving average is $94.06.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.15. The business had revenue of $734.38 million for the quarter, compared to the consensus estimate of $730.86 million. Carter’s had a return on equity of 34.45% and a net margin of 8.05%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. Analysts predict that Carter’s will post 6.4 EPS for the current fiscal year.

Several brokerages recently commented on CRI. ValuEngine raised Carter’s from a sell rating to a hold rating in a research note on Friday, October 4th. DA Davidson raised Carter’s from a neutral rating to a buy rating and lifted their price target for the company from $91.00 to $110.00 in a research note on Wednesday, October 2nd. Finally, B. Riley set a $118.00 price target on Carter’s and gave the company a buy rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Carter’s presently has an average rating of Buy and a consensus target price of $109.88.

In other Carter’s news, Director Amy Woods Brinkley sold 1,298 shares of Carter’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $92.41, for a total value of $119,948.18. Following the sale, the director now owns 16,468 shares of the company’s stock, valued at approximately $1,521,807.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

Further Reading: Gross Domestic Product (GDP)

Earnings History and Estimates for Carter`s (NYSE:CRI)

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