Caleres (NYSE:CAL) Updates FY 2024 Earnings Guidance

Caleres (NYSE:CAL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.450-3.550 for the period, compared to the consensus estimate of 4.030. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.8 billion. Caleres also updated its FY25 guidance to $3.45-3.55 EPS.

Caleres Trading Down 19.0 %

Shares of CAL traded down $6.32 during trading hours on Thursday, reaching $26.88. The stock had a trading volume of 982,362 shares, compared to its average volume of 537,335. The company has a market capitalization of $946.18 million, a price-to-earnings ratio of 5.87 and a beta of 1.92. The firm has a 50-day simple moving average of $31.32 and a 200 day simple moving average of $34.31. Caleres has a 12 month low of $26.26 and a 12 month high of $44.51.

Caleres (NYSE:CAL) last issued its earnings results 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). The business had revenue of $740.90 million during the quarter, compared to analysts’ expectations of $751.35 million. Caleres had a return on equity of 24.63% and a net margin of 5.84%. Caleres’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $1.37 EPS. On average, equities analysts forecast that Caleres will post 4.01 EPS for the current year.

Analyst Ratings Changes

CAL has been the topic of several research reports. StockNews.com cut shares of Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Loop Capital decreased their price objective on shares of Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a research note 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.