Caleres (NYSE:CAL) Releases Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Caleres (NYSE:CAL) issued its quarterly earnings data on Thursday. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15), Zacks reports. Caleres had a return on equity of 24.63% and a net margin of 5.84%. The company had revenue of $740.90 million for the quarter, compared to analyst estimates of $751.35 million. During the same quarter in the prior year, the firm earned $1.37 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Caleres updated its FY25 guidance to $3.45-3.55 EPS.

Caleres Stock Up 2.2 %

CAL stock opened at $33.20 on Thursday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 7.19 and a beta of 1.92. The business has a fifty day simple moving average of $31.32 and a 200-day simple moving average of $34.31. Caleres has a 52 week low of $27.67 and a 52 week high of $44.51.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CAL shares. StockNews.com downgraded Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. 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.

Caleres Company Profile

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.