Caleres (CAL) Expected to Release Earnings on Wednesday

Key Points

• Caleres is expected to report Q2 2027 earnings before the market opens on September 9. Analysts anticipate earnings of $0.37 per share on revenue of approximately $702.5 million, with a conference call scheduled for 10:00 a.m. ET.
• In its latest quarter, Caleres earned $0.38 per share, exceeding estimates by $0.01, while revenue rose 8.5% year over year to $666.6 million.
• Analyst sentiment is cautious: Caleres has an average “Reduce” rating, while shares recently traded at $12.22. The company also declared a quarterly dividend of $0.07 per share, yielding about 2.3% annually.

Caleres (NYSE:CAL - Get Free Report) is anticipated to release its Q2 2027 results before the market opens on Wednesday, September 9th. Analysts expect Caleres to announce earnings of $0.37 per share and revenue of $702.4850 million for the quarter. Investors can find conference call details on the company's upcoming Q2 2027 earning report for the latest details on the call scheduled for Wednesday, September 9, 2026 at 10:00 AM ET.

Caleres (NYSE:CAL - Get Free Report) last released its earnings results on Thursday, June 4th. The textile maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. Caleres had a return on equity of 7.33% and a net margin of 0.02%.The firm had revenue of $666.60 million for the quarter, compared to the consensus estimate of $662.63 million. During the same period in the prior year, the business posted $0.22 earnings per share. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts expect Caleres to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Caleres Price Performance

NYSE CAL opened at $12.22 on Thursday. The company has a market cap of $410.47 million, a P/E ratio of -1,220.78 and a beta of 0.76. Caleres has a 12 month low of $8.80 and a 12 month high of $16.14. The company has a 50-day moving average of $12.74 and a 200-day moving average of $12.43.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.28 annualized dividend and a yield of 2.3%. Caleres's dividend payout ratio is -2,800.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CAL shares. Zacks Research lowered shares of Caleres from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Weiss Ratings restated a "sell (d+)" rating on shares of Caleres in a report on Friday, July 31st. Wall Street Zen lowered Caleres from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Caleres in a report on Friday, June 5th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce".

Hedge Funds Weigh In On Caleres

Several hedge funds and other institutional investors have recently made changes to their positions in CAL. Osaic Holdings Inc. boosted its position in Caleres by 1,662.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker's stock worth $25,000 after purchasing an additional 1,879 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Caleres in the fourth quarter worth about $25,000. Quadrant Capital Group LLC grew its stake in shares of Caleres by 1,032.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker's stock valued at $29,000 after buying an additional 2,199 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Caleres in the second quarter valued at about $136,000. Finally, Entropy Technologies LP purchased a new stake in shares of Caleres during the 3rd quarter valued at about $150,000. Institutional investors and hedge funds own 98.44% of the company's stock.

Caleres Company Profile

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company's operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.

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