Carter’s (NYSE:CRI) Issues Q4 2024 Earnings Guidance

Carter’s (NYSE:CRI) updated its fourth quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 1.320-1.720 for the period, compared to the consensus EPS estimate of 1.860. The company issued revenue guidance of $800.0 million-$840.0 million, compared to the consensus revenue estimate of $825.5 million. Carter’s also updated its FY 2024 guidance to 4.700-5.150 EPS.

Wall Street Analyst Weigh In

CRI has been the topic of a number of research reports. Wells Fargo & Company upped their price target on Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a report on Monday, September 9th. Bank of America lowered their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $71.17.

Carter’s Trading Down 13.4 %

Shares of Carter’s stock traded down $8.77 during trading hours on Friday, reaching $56.92. 4,842,731 shares of the company’s stock were exchanged, compared to its average volume of 938,658. Carter’s has a 52-week low of $54.74 and a 52-week high of $88.03. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 3.86 and a beta of 1.23. The company has a fifty day moving average of $66.32 and a 200-day moving average of $65.99. The company has a current ratio of 2.09, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Friday, July 26th. The textile maker reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.31. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. The company had revenue of $564.43 million for the quarter, compared to analyst estimates of $566.79 million. Sell-side analysts forecast that Carter’s will post 4.87 EPS for the current fiscal year.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s dividend payout ratio is presently 50.47%.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.