Cato Corp. (CATO) Issues Q3 Earnings Guidance
Cato Corp. (NYSE:CATO) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.07-0.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.11.
Cato Corp. (NYSE:CATO) opened at 32.96 on Thursday. Cato Corp. has a 52 week low of $31.98 and a 52 week high of $40.51. The firm has a 50-day moving average price of $33.50 and a 200-day moving average price of $35.97. The stock has a market cap of $896.68 million, a P/E ratio of 12.80 and a beta of 1.04.
Cato Corp. (NYSE:CATO) last posted its quarterly earnings results on Thursday, August 18th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The company had revenue of $238.90 million for the quarter, compared to the consensus estimate of $244.30 million. Cato Corp. had a return on equity of 16.96% and a net margin of 7.17%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 EPS. On average, equities research analysts predict that Cato Corp. will post $2.33 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Monday, September 12th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date was Thursday, September 8th. Cato Corp.’s dividend payout ratio (DPR) is currently 51.16%.
Separately, MKM Partners reissued a neutral rating and issued a $37.00 price target on shares of Cato Corp. in a research note on Friday, July 8th.
Cato Corp. Company Profile
The Cato Corporation is a fashion specialty retailer. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. Its stores offer an assortment of on-trend apparel and accessory items in primarily junior/missy, plus sizes, girls’ sizes 7 to 16, men’s and kids sizes with a focus on color, product coordination and selection.
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