Caleres, Inc. (NYSE:CAL) Expected to Announce Earnings of $1.32 Per Share

Analysts expect Caleres, Inc. (NYSE:CALGet Rating) to announce earnings per share (EPS) of $1.32 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Caleres’ earnings, with estimates ranging from $1.31 to $1.32. Caleres posted earnings per share of $1.19 during the same quarter last year, which would indicate a positive year over year growth rate of 10.9%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Caleres will report full year earnings of $4.32 per share for the current fiscal year, with EPS estimates ranging from $4.25 to $4.38. For the next fiscal year, analysts forecast that the firm will report earnings of $4.61 per share, with EPS estimates ranging from $4.46 to $4.75. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Caleres.

Caleres (NYSE:CALGet Rating) last released its earnings results on Tuesday, May 24th. The textile maker reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.49. Caleres had a net margin of 6.31% and a return on equity of 62.60%. The business had revenue of $735.12 million during the quarter, compared to analysts’ expectations of $677.28 million. During the same period last year, the business earned $0.60 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis.

Several equities analysts recently weighed in on the stock. TheStreet raised shares of Caleres from a “c+” rating to a “b-” rating in a research note on Tuesday, May 24th. StockNews.com raised shares of Caleres from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 11th. Zacks Investment Research raised shares of Caleres from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a research report on Thursday, May 26th. Finally, Telsey Advisory Group lifted their price objective on shares of Caleres to $32.00 in a research report on Wednesday, May 25th.

In other Caleres news, CAO Todd E. Hasty bought 2,500 shares of the stock in a transaction on Thursday, March 17th. The stock was purchased at an average price of $21.00 per share, with a total value of $52,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carla C. Hendra sold 3,261 shares of the business’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. In the last three months, insiders sold 45,176 shares of company stock valued at $1,131,633. 4.90% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC acquired a new position in shares of Caleres in the fourth quarter valued at approximately $28,000. ProShare Advisors LLC acquired a new position in shares of Caleres in the fourth quarter valued at approximately $209,000. Twinbeech Capital LP bought a new stake in Caleres in the third quarter valued at approximately $231,000. Wellington Management Group LLP bought a new stake in Caleres in the third quarter valued at approximately $276,000. Finally, Wintrust Investments LLC bought a new stake in Caleres in the fourth quarter valued at approximately $974,000. 81.45% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:CAL traded up $0.32 during midday trading on Friday, hitting $28.99. The stock had a trading volume of 482,783 shares, compared to its average volume of 997,606. Caleres has a 12 month low of $17.82 and a 12 month high of $29.94. The business’s 50-day simple moving average is $23.36 and its 200-day simple moving average is $22.79. The company has a market cap of $1.10 billion, a P/E ratio of 6.15 and a beta of 2.07.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Stockholders of record on Friday, June 10th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.97%. Caleres’s payout ratio is presently 5.94%.

Caleres Company Profile (Get Rating)

Caleres, Inc engages in the retail and wholesale of footwear in the United States, 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.

See Also

Get a free copy of the Zacks research report on Caleres (CAL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Caleres Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caleres and related companies with MarketBeat.com's FREE daily email newsletter.