Carter’s (NYSE:CRI) Posts Earnings Results, Beats Expectations By $0.52 EPS

Carter’s (NYSE:CRI) issued its earnings results on Tuesday. The textile maker reported $2.39 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.52, Zacks reports. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The firm had revenue of $859.70 million for the quarter, compared to analysts’ expectations of $835.82 million. During the same quarter last year, the company earned $2.76 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year.

Carter’s Trading Up 0.3 %

NYSE CRI opened at $52.19 on Tuesday. The firm’s fifty day moving average price is $53.36 and its 200 day moving average price is $58.50. Carter’s has a 12 month low of $49.65 and a 12 month high of $88.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CRI shares. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a report on Tuesday, November 12th. Wells Fargo & Company cut their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $65.60.

Carter’s Company Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.