Cato Corp. (NYSE:CATO) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.07-0.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.11.
Separately, MKM Partners restated a neutral rating and set a $37.00 price objective on shares of Cato Corp. in a research note on Friday, July 8th.
Cato Corp. (NYSE:CATO) opened at 32.96 on Thursday. The firm’s 50 day moving average price is $33.50 and its 200-day moving average price is $35.97. The firm has a market cap of $896.68 million, a PE ratio of 12.80 and a beta of 1.04. Cato Corp. has a 52 week low of $31.98 and a 52 week high of $40.51.
Cato Corp. (NYSE:CATO) last announced its earnings results on Thursday, August 18th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Cato Corp. had a net margin of 7.17% and a return on equity of 16.96%. The company had revenue of $238.90 million for the quarter, compared to the consensus estimate of $244.30 million. During the same period in the previous year, the business earned $0.56 EPS. The company’s revenue was down 5.0% on a year-over-year basis. On average, analysts forecast that Cato Corp. will post $2.33 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Monday, September 12th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.00%. The ex-dividend date was Thursday, September 8th. Cato Corp.’s dividend payout ratio (DPR) is currently 51.16%.
About Cato Corp.
The Cato Corporation is a fashion specialty retailer. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. Its stores offer an assortment of on-trend apparel and accessory items in primarily junior/missy, plus sizes, girls’ sizes 7 to 16, men’s and kids sizes with a focus on color, product coordination and selection.
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