Caleres (NYSE:CAL) announced its quarterly earnings data on Tuesday. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04, Bloomberg Earnings reports. The business had revenue of $702.50 million during the quarter, compared to the consensus estimate of $695.61 million. Caleres had a net margin of 2.21% and a return on equity of 13.59%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. Caleres updated its FY19 guidance to $2.40-2.50 EPS.
Caleres (CAL) opened at $29.09 on Wednesday. The company has a market cap of $1,220.61, a P/E ratio of 20.78, a PEG ratio of 1.05 and a beta of 1.07. Caleres has a 1 year low of $22.39 and a 1 year high of $34.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.49 and a current ratio of 1.93.
The business also recently announced 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, March 16th. Caleres’s dividend payout ratio (DPR) is presently 20.00%.
Several brokerages have issued reports on CAL. Wedbush reissued an “outperform” rating and issued a $35.00 price objective on shares of Caleres in a research note on Wednesday. Zacks Investment Research downgraded shares of Caleres from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine raised shares of Caleres from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. UBS Group downgraded shares of Caleres from a “positive” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Finally, Susquehanna Bancshares reissued a “buy” rating and issued a $32.00 price objective on shares of Caleres in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $33.00.
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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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