Cato Corp. (CATO) Updates Q3 Earnings Guidance

Cato Corp. (NYSE:CATO) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.07-0.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.11.

Cato Corp. (NYSE:CATO) opened at 29.60 on Friday. The company has a market capitalization of $805.27 million, a P/E ratio of 11.49 and a beta of 1.04. The company’s 50-day moving average is $33.35 and its 200 day moving average is $35.93. Cato Corp. has a one year low of $28.40 and a one year high of $40.51.

Cato Corp. (NYSE:CATO) last released its quarterly earnings results on Thursday, August 18th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. Cato Corp. had a net margin of 7.17% and a return on equity of 16.96%. The firm earned $238.90 million during the quarter, compared to the consensus estimate of $244.30 million. During the same quarter in the prior year, the firm earned $0.56 EPS. Cato Corp.’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities analysts anticipate that Cato Corp. will post $2.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Monday, September 12th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.32 annualized dividend and a yield of 4.46%. Cato Corp.’s dividend payout ratio (DPR) is 51.16%.

Separately, MKM Partners reiterated a neutral rating and issued a $37.00 price target on shares of Cato Corp. in a research report on Friday, July 8th.

About Cato Corp.

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. Its stores offer an assortment of on-trend apparel and accessory items in primarily junior/missy, plus sizes, girls’ sizes 7 to 16, men’s and kids sizes with a focus on color, product coordination and selection.

5 Day Chart for NYSE:CATO

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