Earnings Report: Here’s what to expect from Caleres (NYSE:CAL)

Earnings results for Caleres (NYSE:CAL)

Caleres, Inc. is expected* to report earnings on 05/28/2021 before market open. The report will be for the fiscal Quarter ending Apr 2021. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.02. The reported EPS for the same quarter last year was $-1.3.

Caleres last announced its earnings data on March 15th, 2021. The textile maker reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.13. The firm had revenue of $571 million for the quarter, compared to analyst estimates of $557.36 million. Its revenue for the quarter was down 18.3% compared to the same quarter last year. Caleres has generated ($1.40) earnings per share over the last year. Caleres has confirmed that its next quarterly earnings report will be published on Friday, May 28th, 2021.

Analyst Opinion on Caleres (NYSE:CAL)

3 Wall Street analysts have issued ratings and price targets for Caleres in the last 12 months. Their average twelve-month price target is $13.50, predicting that the stock has a possible downside of 50.51%. The high price target for CAL is $20.00 and the low price target for CAL is $7.00. There are currently 1 hold rating and 2 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 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $13.50, Caleres has a forecasted downside of 50.5% from its current price of $27.28. Caleres has received no research coverage in the past 90 days.

Dividend Strength: Caleres (NYSE:CAL)

Caleres has a dividend yield of 1.05%, which is in the bottom 25% of all stocks that pay dividends. Caleres has only been increasing its dividend for 1 years. Based on earnings estimates, Caleres will have a dividend payout ratio of 18.67% next year. This indicates that Caleres will be able to sustain or increase its dividend.

Insiders buying/selling: Caleres (NYSE:CAL)

In the past three months, Caleres insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,703,150.00 in company stock. Only 4.80% of the stock of Caleres is held by insiders. 80.25% 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 (NYSE:CAL

Earnings for Caleres are expected to grow by 15.38% in the coming year, from $1.30 to $1.50 per share. The P/E ratio of Caleres is -2.37, 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 -2.37, 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 5.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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