Citi Trends (CTRN) Announces Quarterly Earnings, Beats Estimates By $0.11 EPS
Citi Trends (NASDAQ:CTRN) posted its quarterly earnings results on Wednesday. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.11, Analyst Ratings.Net reports. The company had revenue of $145.00 million for the quarter, compared to the consensus estimate of $141.30 million.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Citi Trends in a research note on Tuesday, July 15th.
Shares of Citi Trends (NASDAQ:CTRN) opened at 21.53 on Wednesday. Citi Trends has a 52 week low of $14.40 and a 52 week high of $23.10. The stock’s 50-day moving average is $20.96 and its 200-day moving average is $18.55. The company has a market cap of $320.8 million and a price-to-earnings ratio of 90.71.
Citi Trends, Inc is a retailer of urban fashion apparel and accessories for the entire family. The Company offers branded apparel from national brands, as well as private label apparel, accessories and a limited assortment of home decor items.
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