Caleres, Inc. (CAL) Posts Earnings Results, Misses Expectations By $0.05 EPS

Caleres, Inc. (NYSE:CAL) announced its quarterly earnings data on Monday. The textile maker reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05), Bloomberg Earnings reports. Caleres had a return on equity of 13.80% and a net margin of 2.26%. The company had revenue of $774.66 million for the quarter, compared to analyst estimates of $785.75 million. During the same period last year, the firm earned $0.81 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis.

Caleres (CAL) traded up $0.05 during trading hours on Tuesday, reaching $30.99. The company’s stock had a trading volume of 693,586 shares, compared to its average volume of 337,696. Caleres has a 1 year low of $22.39 and a 1 year high of $36.61. The company has a current ratio of 1.57, a quick ratio of 0.38 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $1,328.50, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.29 and a beta of 1.04.

CAL has been the subject of a number of analyst reports. Zacks Investment Research cut Caleres from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Susquehanna Bancshares Inc reaffirmed a “buy” rating and set a $31.00 price objective on shares of Caleres in a research note on Tuesday, August 29th. Finally, BidaskClub raised Caleres from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $33.00.

ILLEGAL ACTIVITY WARNING: This news story was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/11/21/caleres-inc-cal-posts-earnings-results-misses-expectations-by-0-05-eps.html.

In other Caleres news, SVP Douglas Koch sold 33,400 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $30.03, for a total value of $1,003,002.00. Following the completion of the transaction, the senior vice president now directly owns 103,837 shares of the company’s stock, valued at $3,118,225.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.20% of the stock is currently owned by insiders.

About Caleres

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.

Earnings History for Caleres (NYSE:CAL)

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

Latest News

Leave a Reply