Cato Corporation (The) (CATO) to Release Earnings on Thursday
Cato Corporation (The) (NYSE:CATO) will be issuing its quarterly earnings data before the market opens on Thursday, August 17th. Analysts expect the company to announce earnings of $0.11 per share for the quarter.
Cato Corporation (The) (NYSE:CATO) last posted its earnings results on Thursday, May 18th. The specialty retailer reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.05. The company had revenue of $237.66 million for the quarter, compared to the consensus estimate of $245.20 million. Cato Corporation (The) had a return on equity of 8.30% and a net margin of 3.70%. The company’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 earnings per share. On average, analysts expect Cato Corporation (The) to post $1.35 EPS for the current fiscal year and $1.45 EPS for the next fiscal year.
Shares of Cato Corporation (NYSE CATO) opened at 15.85 on Thursday. The company has a 50 day moving average price of $17.14 and a 200 day moving average price of $21.36. The stock has a market cap of $399.61 million, a P/E ratio of 12.76 and a beta of 1.10. Cato Corporation has a 12-month low of $15.61 and a 12-month high of $36.64.
In other news, Director Edward I. Weisiger, Jr. bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were acquired at an average cost of $17.20 per share, with a total value of $51,600.00. Following the transaction, the director now owns 23,084 shares of the company’s stock, valued at approximately $397,044.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.98% of the company’s stock.
Several brokerages recently weighed in on CATO. BidaskClub raised Cato Corporation (The) from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. MKM Partners reaffirmed a “neutral” rating and issued a $20.00 target price (down from $23.00) on shares of Cato Corporation (The) in a research report on Friday, June 9th.
Cato Corporation (The) Company Profile
The Cato Corporation is a fashion specialty retailer. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. The Company has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment).
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