Brokerages Expect Carter’s, Inc. (NYSE:CRI) Will Announce Earnings of $1.68 Per Share

Wall Street brokerages predict that Carter’s, Inc. (NYSE:CRI) will report $1.68 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Carter’s’ earnings, with the lowest EPS estimate coming in at $1.67 and the highest estimate coming in at $1.70. Carter’s reported earnings per share of $1.61 in the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The business is scheduled to report its next quarterly earnings results on Thursday, October 24th.

On average, 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 year, analysts forecast that the firm will post earnings of $7.14 per share, with EPS estimates ranging from $7.05 to $7.31. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Carter’s.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.15. Carter’s had a net margin of 8.05% and a return on equity of 34.45%. The company had revenue of $734.38 million during the quarter, compared to the consensus estimate of $730.86 million. During the same quarter in the prior year, the firm posted $0.79 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis.

A number of brokerages have recently weighed in on CRI. DA Davidson cut their price target on shares of Carter’s to $91.00 and set an “average” rating for the company in a report on Tuesday, July 9th. ValuEngine raised shares of Carter’s from a “sell” rating to a “hold” rating in a report on Friday, August 16th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $104.56.

A number of hedge funds have recently added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Carter’s by 145.0% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,023,140 shares of the textile maker’s stock worth $294,877,000 after buying an additional 1,788,956 shares during the period. Victory Capital Management Inc. boosted its holdings in Carter’s by 24.2% during the second quarter. Victory Capital Management Inc. now owns 3,179,318 shares of the textile maker’s stock valued at $310,110,000 after acquiring an additional 620,375 shares during the period. Mackenzie Financial Corp boosted its holdings in Carter’s by 27.7% during the second quarter. Mackenzie Financial Corp now owns 1,907,243 shares of the textile maker’s stock valued at $186,032,000 after acquiring an additional 414,132 shares during the period. Lazard Asset Management LLC boosted its holdings in Carter’s by 202.7% during the first quarter. Lazard Asset Management LLC now owns 361,623 shares of the textile maker’s stock valued at $36,447,000 after acquiring an additional 242,155 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its holdings in Carter’s by 1,983.1% during the first quarter. Deprince Race & Zollo Inc. now owns 214,495 shares of the textile maker’s stock valued at $21,619,000 after acquiring an additional 204,198 shares during the period. Institutional investors and hedge funds own 97.32% of the company’s stock.

Shares of Carter’s stock traded up $2.37 on Thursday, reaching $92.18. 660,960 shares of the stock were exchanged, compared to its average volume of 742,504. The firm’s 50 day moving average is $90.86 and its 200-day moving average is $94.52. Carter’s has a one year low of $75.66 and a one year high of $109.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.73 and a current ratio of 2.20. The firm has a market cap of $4.03 billion, a PE ratio of 14.66, a P/E/G ratio of 1.68 and a beta of 0.94.

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 and Estimates for Carter`s (NYSE:CRI)

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