Caleres, Inc. (NYSE:CAL) Releases FY18 Earnings Guidance

Caleres, Inc. (NYSE:CAL) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.10-2.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.17. The company issued revenue guidance of $2.7-2.8 billion, compared to the consensus revenue estimate of $2.79 billion.

Shares of Caleres, Inc. (NYSE CAL) traded up 2.26% during trading on Wednesday, hitting $28.91. 15,147 shares of the company were exchanged. Caleres, Inc. has a 12 month low of $22.39 and a 12 month high of $36.61. The firm has a market capitalization of $1.24 billion, a PE ratio of 20.52 and a beta of 1.06. The firm’s 50-day moving average price is $26.12 and its 200 day moving average price is $27.08.

Caleres (NYSE:CAL) last announced its earnings results on Tuesday, August 29th. The textile maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $677.00 million for the quarter, compared to the consensus estimate of $668.85 million. Caleres had a return on equity of 13.80% and a net margin of 2.26%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. On average, equities research analysts expect that Caleres, Inc. will post $2.18 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.28 annualized dividend and a yield of 0.99%. Caleres’s dividend payout ratio is presently 19.86%.

Several research firms have issued reports on CAL. Zacks Investment Research downgraded Caleres from a buy rating to a hold rating in a report on Tuesday. Susquehanna Bancshares Inc restated a buy rating and set a $31.00 price objective on shares of Caleres in a report on Tuesday, August 29th. BidaskClub upgraded Caleres from a sell rating to a hold rating in a report on Friday, August 25th. Finally, TheStreet upgraded Caleres from a c+ rating to a b- rating in a report on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $31.40.

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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.

Earnings History and Estimates for Caleres (NYSE:CAL)

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