Caleres (NYSE:CAL) Updates FY25 Earnings Guidance

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

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. StockNews.com downgraded shares of Caleres from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Loop Capital reduced 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.

Caleres Trading Down 1.8 %

Shares of NYSE:CAL opened at $21.19 on Monday. The company has a 50-day moving average price of $27.01 and a 200 day moving average price of $32.18. Caleres has a 12 month low of $20.97 and a 12 month high of $44.51. The company has a market cap of $712.60 million, a price-to-earnings ratio of 4.72 and a beta of 1.96.

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

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, December 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.32%. Caleres’s dividend payout ratio is presently 6.24%.

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.