Caleres (CAL) to Release Quarterly Earnings on Thursday

Caleres (NYSE:CAL) is scheduled 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Caleres (NYSE:CAL) last posted 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). Caleres had a net margin of 5.84% and a return on equity of 24.63%. The firm had revenue of $683.30 million during the quarter, compared to analyst estimates of $723.80 million. During the same quarter in the previous year, the business posted $0.98 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts expect Caleres to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Caleres Price Performance

CAL stock opened at $32.47 on Wednesday. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.03 and a beta of 1.92. The company has a 50-day moving average of $31.31 and a two-hundred day moving average of $34.32. Caleres has a 52-week low of $27.67 and a 52-week high of $44.51.

Analyst Upgrades and Downgrades

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

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.