Cato Corp. (CATO) Posts Earnings Results, Beats Estimates By $0.04 EPS
Cato Corp. (NYSE:CATO) announced its quarterly earnings data on Thursday. The company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Cato Corp. had a return on equity of 16.96% and a net margin of 7.17%. The company had revenue of $209.26 million for the quarter, compared to analyst estimates of $210 million. During the same quarter in the previous year, the company earned $0.30 EPS. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. Cato Corp. updated its Q4 guidance to ($0.11-0.07) EPS.
Shares of Cato Corp. (NYSE:CATO) opened at 30.88 on Friday. Cato Corp. has a one year low of $28.40 and a one year high of $40.51. The stock has a market cap of $840.09 million, a price-to-earnings ratio of 11.99 and a beta of 1.03. The firm has a 50-day moving average price of $31.04 and a 200-day moving average price of $34.55.
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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