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 earnings per share (EPS) guidance of 1.320-1.720 for the period, compared to the consensus 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 research analysts have weighed in on the company. Wells Fargo & Company increased their target price on Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday, September 9th. Bank of America decreased their price objective on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research note on Monday, July 29th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $71.17.

Carter’s Price Performance

Shares of NYSE:CRI traded down $8.74 during trading on Friday, hitting $56.95. 4,843,069 shares of the company’s stock were exchanged, compared to its average volume of 938,658. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.09 and a quick ratio of 0.95. Carter’s has a 52-week low of $54.74 and a 52-week high of $88.03. The business’s 50-day simple moving average is $66.18 and its 200 day simple moving average is $65.86. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 3.86 and a beta of 1.23.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Friday, October 25th. The textile maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.35. The business had revenue of $758.46 million during the quarter, compared to analysts’ expectations of $747.95 million. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. As a group, equities analysts predict that Carter’s will post 4.87 EPS for the current year.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors 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 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.