Caleres (NYSE:CAL) issued its quarterly earnings results on Tuesday. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04, Bloomberg Earnings reports. Caleres had a return on equity of 13.59% and a net margin of 2.21%. The business had revenue of $702.50 million during the quarter, compared to analyst estimates of $695.61 million. During the same quarter in the prior year, the business posted $0.33 EPS. Caleres’s revenue for the quarter was up 9.9% compared to the same quarter last year. Caleres updated its FY19 guidance to $2.40-2.50 EPS.
Caleres (NYSE CAL) opened at $29.09 on Wednesday. The firm has a market capitalization of $1,220.61, a PE ratio of 20.78, a PEG ratio of 1.05 and a beta of 1.07. The company has a current ratio of 1.93, a quick ratio of 0.49 and a debt-to-equity ratio of 0.29. Caleres has a 12-month low of $22.39 and a 12-month high of $34.34.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.96%. Caleres’s payout ratio is 20.00%.
A number of research analysts have recently weighed in on the company. Wedbush restated an “outperform” rating and set a $35.00 price objective on shares of Caleres in a research report on Wednesday. Zacks Investment Research upgraded Caleres from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. ValuEngine upgraded Caleres from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Susquehanna Bancshares restated a “buy” rating and set a $32.00 price objective on shares of Caleres in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Caleres presently has a consensus rating of “Hold” and an average target price of $33.00.
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Caleres Company Profile
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.
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