Todays Report: Today: Caleres Inc. (CAL) to Post FY2017 Earnings of $2.02 Per Share, Northcoast Research Forecasts

Today: Caleres Inc. (CAL) to Post FY2017 Earnings of $2.02 Per Share, Northcoast Research Forecasts

Caleres Inc. (NYSE:CAL) – Investment analysts at Northcoast Research lifted their FY2017 earnings per share estimates for Caleres in a research note issued to investors on Wednesday. Northcoast Research analyst J. Stein now anticipates that the brokerage will earn $2.02 per share for the year, up from their previous forecast of $2.01. Northcoast Research also issued estimates for Caleres’ Q4 2017 earnings at $0.36 EPS, Q3 2018 earnings at $0.88 EPS and Q4 2018 earnings at $0.38 EPS.

Caleres (NYSE:CAL) last posted its earnings results on Tuesday, November 22nd. The company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.01. Caleres had a return on equity of 13.76% and a net margin of 3.28%. The business had revenue of $732.20 million for the quarter, compared to analysts’ expectations of $734.09 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business’s revenue was up .5% compared to the same quarter last year.

A number of other brokerages have also recently weighed in on CAL. Jefferies Group reaffirmed a “hold” rating and set a $27.00 price target (up from $24.00) on shares of Caleres in a research report on Wednesday, November 23rd. Zacks Investment Research raised shares of Caleres from a “sell” rating to a “hold” rating in a research report on Tuesday, November 22nd. Susquehanna assumed coverage on shares of Caleres in a research report on Friday, September 16th. They set a “neutral” rating and a $25.00 price target for the company. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $30.00 price target on shares of Caleres in a research report on Wednesday, September 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $28.17.

Shares of Caleres (NYSE:CAL) opened at 33.05 on Monday. Caleres has a 52-week low of $21.27 and a 52-week high of $33.70. The firm has a market cap of $1.42 billion, a PE ratio of 17.49 and a beta of 0.52. The stock’s 50 day moving average price is $26.39 and its 200-day moving average price is $25.23.

A number of hedge funds have recently modified their holdings of CAL. Victory Capital Management Inc. boosted its stake in shares of Caleres by 7.1% in the second quarter. Victory Capital Management Inc. now owns 2,279,385 shares of the company’s stock worth $55,184,000 after buying an additional 150,246 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Caleres by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,845,467 shares of the company’s stock worth $68,888,000 after buying an additional 123,786 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Caleres by 97.8% in the second quarter. BNP Paribas Arbitrage SA now owns 14,831 shares of the company’s stock worth $359,000 after buying an additional 7,332 shares during the last quarter. Shell Asset Management Co. acquired a new stake in shares of Caleres during the second quarter worth $851,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Caleres during the second quarter worth $310,000. Hedge funds and other institutional investors own 85.29% of the company’s stock.

About Caleres

Related posts

Leave a Comment