Caleres Inc (CAL) Releases Earnings Results, Beats Expectations By $0.01 EPS

Caleres Inc (CAL) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. CAL said it had a profit of $0.81 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.80. The company posted revenue of $732.20 million in the period, compared to analysts expectations of $731.46 million. CAL’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on Caleres Inc. Caleres Inc was Initiated by Susquehanna to “Neutral” on Sep 16, 2016.

Caleres Inc opened for trading at $27.44 and hit $27.86 on the upside on Monday, eventually ending the session at $27.72, with a gain of 0.58% or 0.16 points. The heightened volatility saw the trading volume jump to 2,92,859 shares. Company has a market cap of $1,190 M.

In a different news, on Mar 18, 2016, Mark A Schmitt (SVP, CIO) sold 6,665 shares at $26.66 per share price. According to the SEC, on Jan 4, 2016, Daniel L Karpel (Chief Accounting Officer) sold 3,594 shares at $27.12 per share price. On Nov 12, 2015, Diane M Sullivan (CEO, Pres. & Chair. of Board) sold 4,150 shares at $30.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Caleres Inc. formerly Brown Shoe Company Inc. is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites as well as the design sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio. The Company’s Famous Footwear segment includes Famous Footwear stores as well as Famous Footwear segment is a family branded footwear retailer with around 1038 stores. Famous Footwear stores feature a wide selection of brand-name athletic casual and dress shoes for the entire family. The Company’s Brand Portfolio segment offers retailers and consumers a portfolio of brands by designing sourcing and marketing branded footwear for women and men. The Company’s Brand Portfolio segment sells footwear on a wholesale basis to retailers. It also sells footwear through its branded retail stores and e-commerce businesses.

Caleres Inc

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