Citi Trends (CTRN) to Release Quarterly Earnings on Thursday

Citi Trends (NASDAQ:CTRN) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 23rd. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Citi Trends (NASDAQ:CTRN) last released its quarterly earnings results on Friday, March 15th. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. The company had revenue of $201.16 million for the quarter, compared to analysts’ expectations of $215.00 million. Citi Trends had a return on equity of 10.67% and a net margin of 2.78%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share.

CTRN opened at $17.85 on Wednesday. The company has a market cap of $222.15 million, a PE ratio of 10.88 and a beta of 0.42. Citi Trends has a twelve month low of $17.26 and a twelve month high of $34.90.

In other news, SVP Christina Short sold 2,000 shares of Citi Trends stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $19.34, for a total transaction of $38,680.00. Following the sale, the senior vice president now owns 9,324 shares of the company’s stock, valued at $180,326.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 7.19% of the company’s stock.

CTRN has been the topic of a number of recent analyst reports. BidaskClub cut Citi Trends from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Sidoti initiated coverage on Citi Trends in a report on Friday, February 22nd. They set a “buy” rating and a $28.00 price target on the stock. Finally, ValuEngine cut Citi Trends from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd.

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About Citi Trends

Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, such as fashion sportswear for men and women, as well as children, including newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional bedroom, bathroom, and kitchen products, as well as beauty products and toys.

See Also: Cost of Equity For A Business, Investors

Earnings History for Citi Trends (NASDAQ:CTRN)

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