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

Carter’s (NYSE:CRI) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. 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 Analysts Forecast Growth

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

Carter’s Stock Up 0.2 %

CRI opened at $65.69 on Friday. The business’s fifty day simple moving average is $66.32 and its 200 day simple moving average is $65.99. Carter’s has a 52 week low of $54.74 and a 52 week high of $88.03. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.40 billion, a PE ratio of 10.36, a P/E/G ratio of 3.86 and a beta of 1.23.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Friday, July 26th. The textile maker reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.31. The firm had revenue of $564.43 million during the quarter, compared to analysts’ expectations of $566.79 million. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. As a group, research analysts expect that Carter’s will post 4.87 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s dividend payout ratio is currently 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.