Caleres (NYSE:CAL) Issues FY25 Earnings Guidance

Caleres (NYSE:CAL) issued an update on its FY25 earnings guidance on Monday. The company provided EPS guidance of $3.20-3.30 for the period, compared to the consensus EPS estimate of $3.50.

Wall Street Analysts Forecast Growth

CAL has been the topic of a number of research reports. Loop Capital dropped their price objective on Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. StockNews.com cut shares of Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd.

Caleres Trading Down 3.5 %

CAL opened at $20.40 on Tuesday. The stock has a fifty day moving average price of $26.84 and a 200 day moving average price of $32.09. Caleres has a 1 year low of $19.90 and a 1 year high of $44.51. The stock has a market cap of $686.03 million, a price-to-earnings ratio of 4.54 and a beta of 1.96.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company had revenue of $740.90 million during the quarter, compared to the consensus estimate of $751.35 million. During the same period in the previous year, the business posted $1.37 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Caleres will post 3.5 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a $0.07 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.37%. Caleres’s dividend payout ratio is 6.24%.

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.