Caleres (CAL) Set to Announce Quarterly Earnings on Tuesday

Caleres (NYSE:CAL) will announce its earnings results after the market closes on Tuesday, November 20th. Analysts expect the company to announce earnings of $0.92 per share for the quarter. Caleres has set its FY19 guidance at $2.40-2.50 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, September 4th. The textile maker reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The firm had revenue of $706.61 million for the quarter, compared to analyst estimates of $709.15 million. Caleres had a return on equity of 13.94% and a net margin of 3.39%. Caleres’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. On average, analysts expect Caleres to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NYSE CAL opened at $33.55 on Monday. The company has a market cap of $1.45 billion, a PE ratio of 15.53 and a beta of 0.94. Caleres has a 12 month low of $27.10 and a 12 month high of $41.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.53 and a current ratio of 1.73.

In other news, CEO Diane M. Sullivan sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $38.28, for a total transaction of $765,600.00. Following the transaction, the chief executive officer now owns 473,534 shares in the company, valued at approximately $18,126,881.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Diane M. Sullivan sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $37.33, for a total value of $373,300.00. Following the transaction, the chief executive officer now owns 465,303 shares in the company, valued at approximately $17,369,760.99. The disclosure for this sale can be found here. Insiders have sold a total of 40,000 shares of company stock worth $1,518,900 in the last quarter. Insiders own 5.60% of the company’s stock.

CAL has been the topic of a number of analyst reports. ValuEngine raised shares of Caleres from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Zacks Investment Research raised shares of Caleres from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Friday, August 31st. Loop Capital set a $37.00 price objective on shares of Caleres and gave the stock a “hold” rating in a research note on Tuesday, September 4th. Macquarie raised their price objective on shares of Caleres from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 5th. Finally, Wedbush raised their price objective on shares of Caleres from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 29th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $39.50.

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About Caleres

Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.

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Earnings History for Caleres (NYSE:CAL)

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