Wall Street brokerages expect Caleres (NYSE:CAL) to post earnings per share (EPS) of $0.48 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Caleres’ earnings. The lowest EPS estimate is $0.44 and the highest is $0.52. Caleres reported earnings per share of $0.40 in the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The firm is expected to issue its next earnings report on Thursday, May 24th.

On average, analysts expect that Caleres will report full-year earnings of $2.48 per share for the current financial year, with EPS estimates ranging from $2.46 to $2.50. For the next year, analysts forecast that the company will post earnings of $2.70 per share, with EPS estimates ranging from $2.65 to $2.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Caleres.

Caleres (NYSE:CAL) last posted its earnings results on Tuesday, March 13th. The textile maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The firm had revenue of $702.50 million during the quarter, compared to the consensus estimate of $695.61 million. Caleres had a return on equity of 14.01% and a net margin of 3.13%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share.

CAL has been the subject of several research reports. Zacks Investment Research downgraded Caleres from a “hold” rating to a “sell” rating in a research report on Monday, March 12th. Wedbush reiterated an “outperform” rating and issued a $35.00 target price on shares of Caleres in a research report on Wednesday, March 14th. ValuEngine upgraded Caleres from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Susquehanna Bancshares reiterated a “neutral” rating and issued a $33.00 target price (up from $32.00) on shares of Caleres in a research report on Tuesday, January 23rd. Finally, Buckingham Research reiterated a “buy” rating and issued a $38.00 target price (up from $37.00) on shares of Caleres in a research report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $35.20.

In other news, insider Richard M. Ausick sold 11,890 shares of the firm’s stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $34.79, for a total transaction of $413,653.10. Following the completion of the transaction, the insider now directly owns 69,834 shares in the company, valued at $2,429,524.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Diane M. Sullivan sold 17,399 shares of the firm’s stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $35.14, for a total value of $611,400.86. Following the transaction, the chief executive officer now owns 711,000 shares of the company’s stock, valued at $24,984,540. The disclosure for this sale can be found here. Insiders have sold 49,089 shares of company stock valued at $1,641,878 over the last 90 days. 6.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Mosaic Family Wealth LLC acquired a new stake in Caleres during the fourth quarter worth approximately $140,000. Xact Kapitalforvaltning AB acquired a new stake in Caleres during the fourth quarter worth approximately $201,000. Amalgamated Bank acquired a new stake in Caleres during the fourth quarter worth approximately $204,000. Quantitative Systematic Strategies LLC acquired a new stake in Caleres during the fourth quarter worth approximately $234,000. Finally, Cubist Systematic Strategies LLC grew its stake in Caleres by 440.0% during the third quarter. Cubist Systematic Strategies LLC now owns 10,362 shares of the textile maker’s stock worth $316,000 after purchasing an additional 8,443 shares during the period. Institutional investors own 89.68% of the company’s stock.

Caleres stock opened at $32.58 on Thursday. The company has a quick ratio of 0.64, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1,400.26, a price-to-earnings ratio of 15.08, a PEG ratio of 1.19 and a beta of 0.94. Caleres has a 12 month low of $22.39 and a 12 month high of $36.00.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 19th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.86%. Caleres’s dividend payout ratio (DPR) is 12.96%.

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About Caleres

Caleres, Inc, a footwear company, retails and wholesales footwear. The company operates through Famous Footwear and Brand Portfolio segments. It offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children. The company operates retail shoe stores primarily under the Famous Footwear and Naturalizer names, which offer brand-name athletic, casual, and dress shoes, including company-owned and licensed brands, such as LifeStride, Dr.

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Earnings History and Estimates for Caleres (NYSE:CAL)

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