Caleres (NYSE:CAL) Posts Earnings Results, Misses Expectations By $0.15 EPS

Caleres (NYSE:CAL) released its quarterly earnings data on Thursday. The textile maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15), Zacks reports. Caleres had a return on equity of 24.63% and a net margin of 5.84%. The firm had revenue of $740.90 million for the quarter, compared to analyst estimates of $751.35 million. During the same quarter in the previous year, the company earned $1.37 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Caleres updated its FY25 guidance to $3.45-3.55 EPS.

Caleres Price Performance

NYSE:CAL opened at $33.20 on Thursday. The firm has a 50-day moving average of $31.32 and a two-hundred day moving average of $34.31. The stock has a market cap of $1.17 billion, a P/E ratio of 7.19 and a beta of 1.92. Caleres has a 1-year low of $27.67 and a 1-year high of $44.51.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Loop Capital decreased their price target on shares of Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, September 13th. StockNews.com cut shares of Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd.

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.