Caleres (NYSE:CAL) Updates FY25 Earnings Guidance

Caleres (NYSE:CAL) updated 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.

Caleres Price Performance

Shares of Caleres stock opened at $21.19 on Monday. Caleres has a 1-year low of $20.97 and a 1-year high of $44.51. The business has a 50-day moving average of $27.01 and a 200-day moving average of $32.18. The company has a market capitalization of $712.60 million, a PE ratio of 4.72 and a beta of 1.96.

Caleres (NYSE:CAL) last issued its earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). The company had revenue of $740.90 million during the quarter, compared to analyst estimates 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 quarter last year, the company posted $1.37 EPS. On average, equities analysts expect that Caleres will post 3.5 earnings per share for the current fiscal year.

Caleres Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. StockNews.com lowered shares of Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Loop Capital dropped their price objective on shares of Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, December 6th.

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.