Citi Trends (NASDAQ:CTRN) Issues FY 2019 Earnings Guidance

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Citi Trends (NASDAQ:CTRN) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $1.30-1.50 for the period.

NASDAQ CTRN opened at $15.99 on Friday. The business’s 50-day moving average price is $15.26 and its two-hundred day moving average price is $17.50. Citi Trends has a 12 month low of $13.41 and a 12 month high of $33.93. The firm has a market capitalization of $204.68 million, a PE ratio of 13.03 and a beta of 0.64. The company has a current ratio of 1.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.60.

Citi Trends (NASDAQ:CTRN) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.03 EPS for the quarter. Citi Trends had a return on equity of 8.31% and a net margin of 1.96%. The firm had revenue of $182.83 million for the quarter. As a group, analysts forecast that Citi Trends will post 1.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $0.08 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.00%. Citi Trends’s dividend payout ratio (DPR) is presently 19.51%.

Separately, TheStreet lowered Citi Trends from a b- rating to a c+ rating in a research report on Thursday, May 23rd.

Citi Trends Company Profile

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.

Further Reading: What is operating income?

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