Caleres, Inc. (CAL) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Caleres, Inc. (NYSE:CAL) announced its quarterly earnings results on Monday. The textile maker reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03, Bloomberg Earnings reports. Caleres had a net margin of 2.39% and a return on equity of 13.80%. The firm had revenue of $677 million for the quarter, compared to analyst estimates of $668.85 million. During the same period last year, the business earned $0.46 EPS. Caleres’s revenue for the quarter was up 8.7% compared to the same quarter last year.
Caleres (NYSE:CAL) traded down 2.59% on Tuesday, reaching $24.81. 1,049,535 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $26.13 and its 200 day moving average price is $27.40. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 17.00 and a beta of 1.07. Caleres has a 1-year low of $22.39 and a 1-year high of $36.61.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.13%. Caleres’s dividend payout ratio is presently 19.18%.
Several brokerages recently commented on CAL. UBS AG upgraded shares of Caleres from a “neutral” rating to a “positive” rating in a research note on Tuesday, May 30th. BidaskClub lowered shares of Caleres from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Zacks Investment Research lowered shares of Caleres from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. TheStreet upgraded shares of Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. Finally, Susquehanna Bancshares Inc upgraded shares of Caleres from a “neutral” rating to a “positive” rating and set a $31.00 price target on the stock in a research note on Tuesday, May 30th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Caleres presently has a consensus rating of “Buy” and an average target price of $31.40.
Caleres Company Profile
Caleres, 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. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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