Carter’s (CRI) Set to Announce Quarterly Earnings on Tuesday

Carter’s (NYSE:CRI) is set to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.69 per share for the quarter.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Monday, February 25th. The textile maker reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.27. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Carter’s had a net margin of 8.15% and a return on equity of 35.33%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.32 EPS. On average, analysts expect Carter’s to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

NYSE:CRI traded up $0.63 on Tuesday, reaching $103.70. The stock had a trading volume of 2,056 shares, compared to its average volume of 726,109. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.19 and a quick ratio of 1.43. The stock has a market cap of $4.73 billion, a P/E ratio of 16.46, a PEG ratio of 1.96 and a beta of 0.61. Carter’s has a 12-month low of $75.66 and a 12-month high of $118.22.

A number of equities analysts have weighed in on CRI shares. Zacks Investment Research raised shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, December 31st. Wells Fargo & Co decreased their price objective on shares of Carter’s from $105.00 to $98.00 and set an “outperform” rating for the company in a research report on Wednesday, January 2nd. ValuEngine cut shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. TheStreet upgraded shares of Carter’s from a “c+” rating to a “b-” rating in a research note on Wednesday, March 13th. Finally, Citigroup restated a “buy” rating and issued a $120.00 target price on shares of Carter’s in a research note on Monday, March 18th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Carter’s currently has a consensus rating of “Hold” and an average target price of $107.50.

In related news, EVP Julie D’emilio sold 4,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $92.78, for a total transaction of $371,120.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Richard F. Westenberger sold 6,185 shares of the stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $98.44, for a total transaction of $608,851.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,660 shares of company stock worth $1,218,660. Company insiders own 3.30% of the company’s stock.

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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.

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Earnings History for Carter`s (NYSE:CRI)

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