Cato Corp. (CATO) Releases Q3 Earnings Guidance
Cato Corp. (NASDAQ:CATO) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.08-0.13 for the period, compared to the Thomson Reuters consensus estimate of $0.15, Analyst Ratings Network.com reports. Cato Corp. also updated its FY15 guidance to $1.82-1.91 EPS.
Shares of Cato Corp. (NASDAQ:CATO) opened at 34.00 on Thursday. Cato Corp. has a 52-week low of $25.03 and a 52-week high of $34.75. The stock has a 50-day moving average of $31.96 and a 200-day moving average of $29.47. The company has a market cap of $932.6 million and a price-to-earnings ratio of 18.59.
Cato Corp. (NASDAQ:CATO) last announced its earnings results on Thursday, August 21st. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $243.80 million for the quarter, compared to the consensus estimate of $246.00 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts predict that Cato Corp. will post $1.87 earnings per share for the current fiscal year.
The Cato Corporation (NASDAQ:CATO) is a women’s fashion specialty retailer.
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