Brokerages Expect Carter’s, Inc. (NYSE:CRI) to Announce $1.68 Earnings Per Share
Equities research analysts predict that Carter’s, Inc. (NYSE:CRI) will report earnings of $1.68 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Carter’s’ earnings, with the highest EPS estimate coming in at $1.70 and the lowest estimate coming in at $1.67. Carter’s reported earnings of $1.61 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The business is expected to announce its next earnings results on Thursday, October 24th.
According to Zacks, analysts expect that Carter’s will report full-year earnings of $6.64 per share for the current year, with EPS estimates ranging from $6.59 to $6.68. For the next financial year, analysts expect that the business will report earnings of $7.14 per share, with EPS estimates ranging from $7.05 to $7.31. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Carter’s.
Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.15. Carter’s had a return on equity of 34.45% and a net margin of 8.05%. The business had revenue of $734.38 million during the quarter, compared to analysts’ expectations of $730.86 million. During the same quarter in the previous year, the firm earned $0.79 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year.
NYSE CRI traded up $0.76 during trading on Friday, hitting $98.00. The company’s stock had a trading volume of 439,845 shares, compared to its average volume of 736,386. Carter’s has a 52 week low of $75.66 and a 52 week high of $109.71. The firm has a market cap of $4.30 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 1.82 and a beta of 0.92. The firm has a 50 day moving average price of $90.55 and a 200 day moving average price of $94.98. The company has a quick ratio of 0.73, a current ratio of 2.20 and a debt-to-equity ratio of 0.73.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.50 per share. This is an increase from Carter’s’s previous quarterly dividend of $0.22. This represents a $2.00 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, August 30th. Carter’s’s dividend payout ratio (DPR) is currently 31.80%.
In other news, Director Amy Woods Brinkley sold 1,298 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $92.41, for a total transaction of $119,948.18. Following the completion of the sale, the director now owns 16,468 shares of the company’s stock, valued at $1,521,807.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.20% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of CRI. Point72 Hong Kong Ltd bought a new stake in Carter’s in the second quarter valued at about $32,000. Alpha Quant Advisors LLC grew its position in shares of Carter’s by 112.7% in the 1st quarter. Alpha Quant Advisors LLC now owns 334 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 177 shares during the period. FTB Advisors Inc. acquired a new position in shares of Carter’s in the 2nd quarter valued at approximately $54,000. SRS Capital Advisors Inc. acquired a new stake in Carter’s during the 2nd quarter worth approximately $97,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Carter’s by 92.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,860 shares of the textile maker’s stock worth $187,000 after purchasing an additional 891 shares in the last quarter.
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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