Cato Corporation (The) (CATO) Set to Announce Quarterly Earnings on Thursday
Cato Corporation (The) (NYSE:CATO) is scheduled to announce its earnings results before the market opens on Thursday, November 16th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
Cato Corporation (The) (NYSE:CATO) last announced its quarterly earnings data on Thursday, August 17th. The specialty retailer reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). The firm had revenue of $207.00 million during the quarter, compared to the consensus estimate of $209.50 million. Cato Corporation (The) had a net margin of 1.92% and a return on equity of 4.37%. The business’s revenue was down 13.4% compared to the same quarter last year. During the same period last year, the business earned $0.57 earnings per share.
Cato Corporation (NYSE:CATO) opened at $13.17 on Tuesday. The stock has a market cap of $343.92, a P/E ratio of 21.13 and a beta of 1.12. Cato Corporation has a one year low of $12.20 and a one year high of $36.64.
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In related news, Director Daniel Harding Stowe bought 2,500 shares of the business’s stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $13.71 per share, for a total transaction of $34,275.00. Following the completion of the transaction, the director now directly owns 16,686 shares of the company’s stock, valued at approximately $228,765.06. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 9.58% of the company’s stock.
A number of analysts have weighed in on the stock. TheStreet lowered shares of Cato Corporation (The) from a “c” rating to a “d+” rating in a research report on Thursday, August 17th. BidaskClub upgraded shares of Cato Corporation (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th.
About Cato Corporation (The)
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. The Company has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment).
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