Analysts expect Caleres, Inc. (NYSE:CAL) to report earnings per share (EPS) of $0.86 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Caleres’ earnings. The lowest EPS estimate is $0.85 and the highest is $0.87. Caleres posted earnings of $0.81 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 28th.
According to Zacks, analysts expect that Caleres will report full year earnings of $2.20 per share for the current fiscal year, with EPS estimates ranging from $2.17 to $2.25. For the next year, analysts expect that the business will post earnings of $2.48 per share, with EPS estimates ranging from $2.42 to $2.60. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Caleres.
Caleres (NYSE:CAL) last announced its quarterly earnings results on Tuesday, August 29th. The textile maker reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. Caleres had a return on equity of 13.80% and a net margin of 2.26%. The firm had revenue of $677.00 million for the quarter, compared to analyst estimates of $668.85 million. During the same period last year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis.
CAL has been the topic of several recent research reports. Zacks Investment Research lowered Caleres from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. BidaskClub upgraded Caleres from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Susquehanna Bancshares Inc upgraded Caleres from a “neutral” rating to a “positive” rating and set a $31.00 price objective on the stock in a research report on Tuesday, May 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $31.80.
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Shares of Caleres (CAL) opened at 28.55 on Tuesday. The stock’s 50 day moving average price is $26.34 and its 200-day moving average price is $27.02. Caleres has a 52 week low of $22.39 and a 52 week high of $36.61. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 20.26 and a beta of 1.06.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 18th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, September 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.98%. Caleres’s dividend payout ratio (DPR) is presently 19.86%.
Institutional investors have recently made changes to their positions in the company. Pacad Investment Ltd. bought a new position in shares of Caleres during the 2nd quarter valued at about $142,000. LaSalle Street Capital Management LLC purchased a new stake in Caleres during the 2nd quarter valued at about $201,000. Chevy Chase Trust Holdings Inc. purchased a new stake in Caleres during the 2nd quarter valued at about $204,000. Quantbot Technologies LP purchased a new stake in Caleres during the 1st quarter valued at about $209,000. Finally, Karp Capital Management Corp purchased a new stake in Caleres during the 1st quarter valued at about $225,000. Hedge funds and other institutional investors own 86.37% of the company’s stock.
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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