Caleres (NYSE:CAL) Issues FY25 Earnings Guidance

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

Caleres Stock Down 3.5 %

Shares of CAL stock traded down $0.75 during trading hours on Monday, hitting $20.40. 1,093,670 shares of the company's stock were exchanged, compared to its average volume of 695,109. The firm has a 50 day moving average of $27.01 and a two-hundred day moving average of $32.18. Caleres has a fifty-two week low of $19.90 and a fifty-two week high of $44.51. The firm has a market cap of $686.03 million, a P/E ratio of 4.54 and a beta of 1.96.

Caleres (NYSE:CAL - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a net margin of 5.69% and a return on equity of 22.71%. The firm had revenue of $740.90 million during the quarter, compared to analyst estimates of $751.35 million. During the same period in the prior year, the company posted $1.37 earnings per share. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts forecast that Caleres will post 3.5 earnings per share for the current fiscal year.

Caleres Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently commented on CAL shares. Loop Capital reduced their price objective on Caleres from $30.00 to $25.00 and set a "hold" rating for the company in a research note on Friday, December 6th. StockNews.com cut Caleres from a "buy" rating to a "hold" rating in a report on Thursday, October 3rd.

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.