Analysts Expect Carter’s (CRI) Will Post Earnings of $0.98 Per Share

Brokerages predict that Carter’s (NYSE:CRI) will report $0.98 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Carter’s’ earnings. The highest EPS estimate is $1.01 and the lowest is $0.97. Carter’s reported earnings per share of $0.97 during the same quarter last year, which would indicate a positive year over year growth rate of 1%. The firm is scheduled to issue its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that Carter’s will report full year earnings of $6.71 per share for the current year, with EPS estimates ranging from $6.59 to $6.88. For the next fiscal year, analysts anticipate that the company will post earnings of $7.34 per share, with EPS estimates ranging from $7.24 to $7.44. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Carter’s.

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Carter’s (NYSE:CRI) last posted its earnings results on Tuesday, February 27th. The textile maker reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.12. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Carter’s had a return on equity of 35.46% and a net margin of 8.90%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.79 earnings per share.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Carter’s from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo upgraded Carter’s from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 25th. ValuEngine cut Carter’s from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. Citigroup boosted their target price on Carter’s from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, Oppenheimer boosted their target price on Carter’s from $112.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $121.00.

In other Carter’s news, insider Brian Lynch sold 26,500 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $116.12, for a total value of $3,077,180.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in shares of Carter’s during the fourth quarter worth approximately $128,000. Foundry Partners LLC purchased a new stake in shares of Carter’s during the fourth quarter worth approximately $200,000. Cigna Investments Inc. New purchased a new stake in shares of Carter’s during the fourth quarter worth approximately $206,000. HL Financial Services LLC purchased a new stake in shares of Carter’s during the fourth quarter worth approximately $210,000. Finally, Visionary Asset Management Inc. purchased a new stake in shares of Carter’s during the third quarter worth approximately $242,000. Institutional investors and hedge funds own 97.50% of the company’s stock.

CRI stock traded down $1.06 during trading on Thursday, hitting $105.63. 367,611 shares of the company’s stock were exchanged, compared to its average volume of 789,360. The stock has a market cap of $5,003.92, a price-to-earnings ratio of 18.52, a PEG ratio of 1.63 and a beta of 0.44. Carter’s has a 52-week low of $79.76 and a 52-week high of $129.00. The company has a quick ratio of 1.43, a current ratio of 3.10 and a debt-to-equity ratio of 0.72.

Carter’s announced that its Board of Directors has authorized a share buyback plan on Tuesday, February 27th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the textile maker to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Monday, March 12th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, March 9th. This represents a $1.80 dividend on an annualized basis and a yield of 1.70%. This is a boost from Carter’s’s previous quarterly dividend of $0.37. Carter’s’s payout ratio is currently 31.25%.

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About Carter’s

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, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.

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

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