Caleres (NYSE:CAL) Releases FY25 Earnings Guidance

Caleres (NYSE:CAL) updated its FY25 earnings guidance on Monday. 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 Price Performance

CAL opened at $21.19 on Monday. The business has a 50 day simple moving average of $27.01 and a 200-day simple moving average of $32.18. Caleres has a 12 month low of $20.97 and a 12 month high of $44.51. The stock has a market capitalization of $712.60 million, a P/E ratio of 4.72 and a beta of 1.96.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The company had revenue of $740.90 million for the quarter, compared to analyst estimates of $751.35 million. During the same quarter in the prior year, the firm earned $1.37 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Research analysts anticipate that Caleres will post 3.5 EPS for the current year.

Caleres Announces Dividend

The firm 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. This represents a $0.28 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, December 27th. Caleres’s dividend payout ratio (DPR) is 6.24%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CAL. StockNews.com downgraded shares of Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Loop Capital cut their price target 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.

About Caleres

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.