Cato (CATO) Earning Somewhat Positive Press Coverage, Analysis Shows

News headlines about Cato (NYSE:CATO) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cato earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 46.1688457321535 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

CATO has been the topic of a number of analyst reports. BidaskClub raised Cato from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. TheStreet raised Cato from a “d+” rating to a “c-” rating in a research note on Wednesday, December 6th.

Cato (CATO) opened at $15.97 on Friday. The firm has a market capitalization of $376.14, a PE ratio of 35.49 and a beta of 1.21. Cato has a 12 month low of $12.20 and a 12 month high of $31.35.

Cato (NYSE:CATO) last issued its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. Cato had a return on equity of 3.04% and a net margin of 1.31%. The firm had revenue of $190.30 million for the quarter, compared to analysts’ expectations of $188.00 million. During the same quarter last year, the business posted $0.30 EPS. Cato’s revenue was down 9.1% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be paid a dividend of $0.33 per share. The ex-dividend date is Friday, December 8th. This represents a $1.32 annualized dividend and a yield of 8.27%. Cato’s dividend payout ratio (DPR) is presently 293.33%.

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About Cato

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).

Insider Buying and Selling by Quarter for Cato (NYSE:CATO)

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