Caleres (CAL) Projected to Post Quarterly Earnings on Thursday

Caleres (NYSE:CAL) will likely be announcing its earnings results before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $645.79 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Caleres Trading Down 2.2 %

Shares of CAL opened at $15.45 on Thursday. The firm’s 50-day moving average is $18.38 and its two-hundred day moving average is $26.73. Caleres has a twelve month low of $15.24 and a twelve month high of $44.51. The firm has a market capitalization of $519.50 million, a P/E ratio of 3.44 and a beta of 1.82.

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 issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Friday, December 27th. Caleres’s dividend payout ratio is currently 6.24%.

Insider Transactions at Caleres

In related news, Director Kyle Gendreau acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average price of $19.93 per share, with a total value of $99,650.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $99,650. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Loop Capital reduced their price objective on Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a report 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.