Citi Trends (NASDAQ:CTRN) updated its fourth quarter earnings guidance on Friday. The company provided EPS guidance of $0.60-0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.63. The company issued revenue guidance of decline of 3-4% to ~$203.6-205.7 million, compared to the consensus revenue estimate of $211.20 million.Citi Trends also updated its FY 2018 guidance to $1.66-1.71 EPS.
A number of brokerages have weighed in on CTRN. BidaskClub downgraded shares of Citi Trends from a hold rating to a sell rating in a research note on Friday, November 23rd. ValuEngine downgraded shares of Citi Trends from a buy rating to a hold rating in a research note on Thursday, November 15th.
Shares of CTRN opened at $22.87 on Friday. The company has a market cap of $293.89 million, a P/E ratio of 18.15 and a beta of 0.72. Citi Trends has a twelve month low of $21.05 and a twelve month high of $34.90.
Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Friday, November 30th. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.07). The firm had revenue of $175.40 million for the quarter, compared to the consensus estimate of $180.90 million. Citi Trends had a net margin of 2.61% and a return on equity of 10.59%. Citi Trends’s revenue was down .8% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. On average, research analysts forecast that Citi Trends will post 1.7 EPS for the current fiscal year.
About Citi Trends
Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books, and toys.
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