Caleres (NYSE:CAL) Updates FY 2024 Earnings Guidance

Caleres (NYSE:CAL) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 3.200-3.300 for the period, compared to the consensus earnings per share estimate of 3.730. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.8 billion.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. 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 report on Friday, December 6th. StockNews.com lowered Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd.

Caleres Trading Up 1.9 %

Caleres stock opened at $20.15 on Friday. Caleres has a 1-year low of $19.21 and a 1-year high of $44.51. The firm has a market cap of $677.62 million, a P/E ratio of 4.49 and a beta of 1.96. The firm has a 50-day moving average of $25.35 and a 200-day moving average of $31.48.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, December 5th. The textile maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The business had revenue of $740.90 million during the quarter, compared to analysts’ expectations of $751.35 million. During the same period in the previous year, the business earned $1.37 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. Research analysts forecast that Caleres will post 3.24 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.39%. Caleres’s payout ratio is 6.24%.

Insider Transactions at Caleres

In other news, Director Kyle Gendreau bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $19.93 per share, with a total value of $99,650.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,650. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.80% of the company’s stock.

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.