Caleres (CAL) to Release Quarterly Earnings on Thursday

Caleres (NYSE:CAL) is set to announce its earnings results before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of $1.38 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Caleres (NYSE:CAL) last posted its quarterly earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.37). The business had revenue of $683.30 million during the quarter, compared to analysts’ expectations of $723.80 million. Caleres had a return on equity of 24.63% and a net margin of 5.84%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $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 4.1 %

Shares of NYSE CAL opened at $32.35 on Tuesday. The stock has a market cap of $1.14 billion, a PE ratio of 7.00 and a beta of 1.93. Caleres has a 12-month low of $27.67 and a 12-month high of $44.51. The company has a 50-day moving average of $31.31 and a 200 day moving average of $34.34.

Analyst Ratings Changes

CAL has been the subject of several recent research reports. Loop Capital cut their price target on Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, September 13th. StockNews.com downgraded Caleres from a “buy” rating to a “hold” rating in a research note 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.