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.

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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)

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