Caleres Inc. Expected to Post Q3 2018 Earnings of $0.89 Per Share (CAL)
Caleres Inc. (NYSE:CAL) – Research analysts at Northcoast Research dropped their Q3 2018 EPS estimates for shares of Caleres in a research report issued on Thursday. Northcoast Research analyst J. Stein now expects that the firm will earn $0.89 per share for the quarter, down from their previous forecast of $1.00. Northcoast Research also issued estimates for Caleres’ Q4 2018 earnings at $0.37 EPS.
Caleres (NYSE:CAL) last released its earnings results on Tuesday, August 30th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.04. The company earned $622.94 million during the quarter, compared to analyst estimates of $638.71 million. Caleres had a return on equity of 13.87% and a net margin of 3.26%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.50 earnings per share.
Several other brokerages have also recently issued reports on CAL. Zacks Investment Research raised shares of Caleres from a “sell” rating to a “hold” rating in a research report on Friday, August 26th. Susquehanna assumed coverage on shares of Caleres in a research report on Friday, September 16th. They set a “neutral” rating and a $25.00 price target on the stock. Finally, Morgan Stanley reissued a “hold” rating and set a $30.00 price target on shares of Caleres in a research report on Wednesday, September 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.67.
Shares of Caleres (NYSE:CAL) opened at 26.07 on Monday. The company has a 50-day moving average of $25.29 and a 200-day moving average of $25.16. The firm has a market capitalization of $1.12 billion, a PE ratio of 13.79 and a beta of 0.80. Caleres has a 1-year low of $21.27 and a 1-year high of $31.82.
A number of institutional investors have recently made changes to their positions in the stock. Paradigm Asset Management Co. LLC raised its position in shares of Caleres by 466.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,250 shares of the company’s stock valued at $103,000 after buying an additional 3,500 shares in the last quarter. PineBridge Investments L.P. raised its position in shares of Caleres by 3.7% in the second quarter. PineBridge Investments L.P. now owns 5,537 shares of the company’s stock valued at $134,000 after buying an additional 199 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Caleres by 22.8% in the second quarter. Teacher Retirement System of Texas now owns 6,250 shares of the company’s stock valued at $151,000 after buying an additional 1,159 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Caleres by 141.0% in the second quarter. Quantbot Technologies LP now owns 7,126 shares of the company’s stock valued at $172,000 after buying an additional 4,169 shares in the last quarter. Finally, Mason Street Advisors LLC bought a new position in shares of Caleres during the second quarter valued at approximately $207,000. Institutional investors own 85.60% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 19th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.07%. Caleres’s payout ratio is 14.66%.
Caleres Company Profile
Caleres, Inc, formerly Brown Shoe Company, Inc, is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms.
Receive News & Stock Ratings for Caleres Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caleres Inc. and related stocks with our FREE daily email newsletter.