Brokerages expect Caleres Inc (NYSE:CAL) to report sales of $698.60 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Caleres’ earnings, with estimates ranging from $698.00 million to $699.20 million. Caleres posted sales of $639.49 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.2%. The firm is scheduled to issue its next quarterly earnings report on Thursday, March 15th.
On average, analysts expect that Caleres will report full-year sales of $698.60 million for the current year. For the next financial year, analysts forecast that the company will report sales of $2.89 billion per share, with estimates ranging from $2.83 billion to $2.94 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Caleres.
Caleres (NYSE:CAL) last posted its quarterly earnings data on Tuesday, November 21st. The textile maker reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The company had revenue of $774.66 million for the quarter, compared to analyst estimates of $785.75 million. Caleres had a net margin of 2.21% and a return on equity of 13.59%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS.
Shares of Caleres (CAL) opened at $28.96 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.49 and a current ratio of 1.93. The company has a market capitalization of $1,269.17, a price-to-earnings ratio of 14.69, a P/E/G ratio of 1.07 and a beta of 1.05. Caleres has a 52 week low of $22.39 and a 52 week high of $34.34.
In related news, insider Daniel R. Freidman sold 10,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $28.45, for a total transaction of $284,500.00. Following the transaction, the insider now directly owns 79,435 shares in the company, valued at $2,259,925.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Diane M. Sullivan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $34.00, for a total value of $510,000.00. Following the transaction, the chief executive officer now owns 609,578 shares in the company, valued at $20,725,652. The disclosure for this sale can be found here. Insiders sold 66,100 shares of company stock worth $2,144,427 in the last 90 days. Corporate insiders own 6.20% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in CAL. YorkBridge Wealth Partners LLC bought a new stake in Caleres during the 3rd quarter worth approximately $183,000. Verition Fund Management LLC acquired a new position in shares of Caleres in the 2nd quarter valued at $229,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Caleres in the 4th quarter valued at $234,000. Fox Run Management L.L.C. acquired a new position in shares of Caleres in the 3rd quarter valued at $244,000. Finally, Cubist Systematic Strategies LLC raised its stake in Caleres by 440.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 10,362 shares of the textile maker’s stock worth $316,000 after buying an additional 8,443 shares during the period. Institutional investors own 86.05% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “$698.60 Million in Sales Expected for Caleres Inc (CAL) This Quarter” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/02/13/698-60-million-in-sales-expected-for-caleres-inc-cal-this-quarter.html.
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.
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.