Caleres (NYSE:CAL) Issues FY25 Earnings Guidance

Caleres (NYSE:CAL) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $3.45-3.55 for the period, compared to the consensus EPS estimate of $4.03. The company issued revenue guidance of down 2.5-3% yr/yr, compared to the consensus revenue estimate of $2.76 billion. Caleres also updated its FY 2024 guidance to 3.450-3.550 EPS.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Loop Capital decreased their price target on shares of Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a research report on Friday. StockNews.com lowered Caleres from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd.

Caleres Price Performance

Shares of CAL opened at $27.18 on Friday. Caleres has a 12 month low of $26.05 and a 12 month high of $44.51. The stock has a fifty day moving average price of $31.07 and a 200 day moving average price of $34.19. The company has a market cap of $956.76 million, a P/E ratio of 5.88 and a beta of 1.92.

Caleres (NYSE:CAL) last posted its earnings results on Thursday, December 5th. The textile maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.15). The firm had revenue of $740.90 million during the quarter, compared to the consensus estimate of $751.35 million. Caleres had a return on equity of 24.63% and a net margin of 5.84%. Caleres’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the company posted $1.37 EPS. As a group, research analysts anticipate that Caleres will post 4.01 earnings per share for the current year.

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.