Citi Trends, Inc. (NASDAQ:CTRN) Scheduled to Post Quarterly Earnings on Tuesday
Citi Trends, Inc. (NASDAQ:CTRN) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, August 15th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
Citi Trends (NASDAQ:CTRN) last released its quarterly earnings results on Wednesday, May 17th. The company reported $0.68 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.68. Citi Trends had a net margin of 1.92% and a return on equity of 6.56%. The business had revenue of $200 million during the quarter, compared to the consensus estimate of $197.10 million. During the same quarter last year, the company earned $0.60 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts expect Citi Trends to post $1.30 EPS for the current fiscal year and $1.35 EPS for the next fiscal year.
Shares of Citi Trends, Inc. (NASDAQ CTRN) opened at 20.82 on Tuesday. Citi Trends, Inc. has a 52-week low of $15.54 and a 52-week high of $22.73. The firm has a market cap of $306.45 million, a P/E ratio of 22.78 and a beta of 0.33. The stock’s 50 day moving average is $21.09 and its 200-day moving average is $18.64.
Citi Trends declared that its Board of Directors has approved a share repurchase program on Monday, April 10th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
A number of research analysts have recently commented on the company. BidaskClub lowered Citi Trends from a “hold” rating to a “sell” rating in a report on Saturday. ValuEngine lowered Citi Trends from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, TheStreet upgraded Citi Trends from a “c+” rating to a “b-” rating in a report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.00.
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Citi Trends Company Profile
Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home.
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