Cato Corporation (The) (CATO) Earning Somewhat Favorable News Coverage, Study Shows
Press coverage about Cato Corporation (The) (NYSE:CATO) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cato Corporation (The) earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media headlines about the specialty retailer an impact score of 47.6268795577078 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- ‘Dr. Evil’ comes to defense of beleaguered Dourson (eenews.net)
- Cato Corp/The (bloomberg.com)
- The Cato Corporation Announces Regular Quarterly Dividend (finance.yahoo.com)
- The Cato Corp.: Price momentum supported by strong fundamentals (finance.yahoo.com)
- Best Buy, Smucker Net Surge; Cato, Wal-Mart Net Tumble (ticker.com)
Cato Corporation (NYSE CATO) opened at $16.35 on Friday. Cato Corporation has a 12-month low of $12.20 and a 12-month high of $32.99. The firm has a market capitalization of $415.91, a PE ratio of 36.33 and a beta of 1.12.
Cato Corporation (The) (NYSE:CATO) last released its earnings results on Thursday, November 16th. The specialty retailer reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. Cato Corporation (The) had a return on equity of 3.04% and a net margin of 1.31%. The firm had revenue of $190.30 million for the quarter, compared to the consensus estimate of $188.00 million. During the same period in the prior year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year.
CATO has been the topic of a number of research analyst reports. TheStreet downgraded Cato Corporation (The) from a “c” rating to a “d+” rating in a research report on Thursday, August 17th. BidaskClub upgraded Cato Corporation (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th.
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In other news, Director Daniel Harding Stowe purchased 7,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average cost of $14.27 per share, for a total transaction of $99,890.00. Following the completion of the purchase, the director now directly owns 16,686 shares of the company’s stock, valued at approximately $238,109.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.58% of the company’s stock.
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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