Caleres, Inc. (NYSE:CAL) Expected to Post Earnings of $0.82 Per Share

Equities research analysts expect Caleres, Inc. (NYSE:CALGet Rating) to post $0.82 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Caleres’ earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.72. Caleres posted earnings of $0.60 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 36.7%. The business is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Caleres will report full-year earnings of $3.88 per share for the current fiscal year, with EPS estimates ranging from $3.85 to $3.90. For the next year, analysts expect that the company will post earnings of $4.16 per share, with EPS estimates ranging from $4.10 to $4.22. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Caleres.

Caleres (NYSE:CALGet Rating) last issued its quarterly earnings results on Tuesday, March 15th. The textile maker reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.24. The business had revenue of $679.28 million for the quarter, compared to the consensus estimate of $680.15 million. Caleres had a net margin of 4.93% and a return on equity of 61.12%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS.

Several research analysts have issued reports on CAL shares. Zacks Investment Research downgraded Caleres from a “buy” rating to a “hold” rating in a report on Tuesday, March 15th. StockNews.com upgraded Caleres from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 11th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $33.00.

CAL opened at $21.95 on Friday. The stock has a market capitalization of $833.44 million, a P/E ratio of 6.18 and a beta of 2.39. The company’s 50 day simple moving average is $20.68 and its 200-day simple moving average is $22.62. Caleres has a one year low of $17.82 and a one year high of $29.36.

The company also recently declared a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Thursday, March 24th were given a $0.07 dividend. The ex-dividend date was Wednesday, March 23rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.28%. Caleres’s dividend payout ratio is 7.89%.

In other Caleres news, CAO Todd E. Hasty bought 2,500 shares of the firm’s stock in a transaction on Thursday, March 17th. The stock was purchased at an average cost of $21.00 per share, with a total value of $52,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carla C. Hendra sold 3,261 shares of the firm’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $20.74, for a total value of $67,633.14. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CAL. Point72 Asset Management L.P. increased its holdings in Caleres by 11,135.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 539,313 shares of the textile maker’s stock worth $11,984,000 after purchasing an additional 534,513 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position in Caleres by 42.3% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 841,100 shares of the textile maker’s stock valued at $19,076,000 after buying an additional 249,900 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Caleres in the 4th quarter valued at approximately $5,253,000. Morgan Stanley boosted its position in Caleres by 117.3% during the 2nd quarter. Morgan Stanley now owns 345,368 shares of the textile maker’s stock worth $9,424,000 after acquiring an additional 186,442 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Caleres by 42.0% during the 4th quarter. Invesco Ltd. now owns 596,652 shares of the textile maker’s stock worth $13,532,000 after acquiring an additional 176,580 shares in the last quarter. 82.62% of the stock is currently owned by institutional investors and hedge funds.

About Caleres (Get Rating)

Caleres, Inc engages in the retail and wholesale of footwear in the United States, China, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children.

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