Analysts Estimate Report : What to Look Out for Caleres Stock Forecast, Price & News (NYSE:CAL)

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Earnings results for Caleres Stock Forecast, Price & News (NYSE:CAL)

Caleres, Inc. is expected* to report earnings on 09/01/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.8. The reported EPS for the same quarter last year was $0.62.

Caleres last issued its quarterly earnings results on June 4th, 2020. The textile maker reported ($1.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.86) by $0.44. The firm earned $397.18 million during the quarter, compared to analysts’ expectations of $426.91 million. Its revenue was down 41.4% compared to the same quarter last year. Caleres has generated $2.10 earnings per share over the last year. Caleres has confirmed that its next quarterly earnings report will be published on Tuesday, September 1st, 2020.

Analyst Opinion on Caleres Stock Forecast, Price & News (NYSE:CAL)

4 Wall Street analysts have issued ratings and price targets for Caleres in the last 12 months. Their average twelve-month price target is $17.75, predicting that the stock has a possible upside of 127.27%. The high price target for CAL is $24.00 and the low price target for CAL is $7.00. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Caleres has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $17.75, Caleres has a forecasted upside of 127.3% from its current price of $7.81. Caleres has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Caleres Stock Forecast, Price & News (NYSE:CAL)

Caleres pays a meaningful dividend of 3.61%, higher than the bottom 25% of all stocks that pay dividends. Caleres has only been increasing its dividend for 1 years. The dividend payout ratio of Caleres is 13.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Caleres will have a dividend payout ratio of 20.00% next year. This indicates that Caleres will be able to sustain or increase its dividend.

Insiders buying/selling: Caleres Stock Forecast, Price & News (NYSE:CAL)

In the past three months, Caleres insiders have not sold or bought any company stock. Only 5.60% of the stock of Caleres is held by insiders. 78.88% of the stock of Caleres is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Caleres Stock Forecast, Price & News (NYSE:CAL

Earnings for Caleres are expected to grow in the coming year, from ($1.95) to $1.40 per share. The P/E ratio of Caleres is -1.02, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Caleres is -1.02, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Caleres has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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