Caleres (CAL) to Release Quarterly Earnings on Thursday

Caleres (NYSE:CAL) will issue its quarterly earnings data before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of $1.38 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Caleres (NYSE:CAL) last announced its earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.37). The company had revenue of $683.30 million for the quarter, compared to analyst estimates of $723.80 million. Caleres had a return on equity of 24.63% and a net margin of 5.84%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. On average, analysts expect Caleres to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Caleres Trading Up 0.4 %

NYSE:CAL opened at $32.47 on Wednesday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.03 and a beta of 1.92. Caleres has a 1-year low of $27.67 and a 1-year high of $44.51. The business’s fifty day moving average price is $31.31 and its 200 day moving average price is $34.32.

Analyst Ratings Changes

Several research firms recently weighed in on CAL. Loop Capital dropped their price target on Caleres from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. StockNews.com lowered Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd.

About Caleres

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.