Steven Madden (SHOO) Scheduled to Post Quarterly Earnings on Thursday
Steven Madden (NASDAQ:SHOO) is set to announce its earnings results on Thursday, October 31st. Steven Madden has set its FY13 guidance at $2.95-3.05 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Steven Madden (NASDAQ:SHOO) last announced its earnings results on Thursday, August 1st. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.01. The company had revenue of $297.60 million for the quarter, compared to the consensus estimate of $307.48 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts expect Steven Madden to post $2.01 EPS for the current fiscal year and $2.27 EPS for the next fiscal year.
Shares of Steven Madden (NASDAQ:SHOO) opened at 34.76 on Wednesday. Steven Madden has a 52-week low of $40.30 and a 52-week high of $56.60. The stock has a 50-day moving average of $53.86 and a 200-day moving average of $48.78. The company has a market cap of $2.404 billion and a P/E ratio of 18.85.
SHOO has been the subject of a number of recent research reports. Analysts at Wedbush cut their price target on shares of Steven Madden from $55.00 to $36.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. On the ratings front, analysts at Brean Capital cut their price target on shares of Steven Madden from $58.00 to $40.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Steven Madden from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $52.63.
Steven Madden, Ltd. designs, sources, markets and sells name brand and private label footwear for women, men and children and name brand and private label fashion handbags and accessories.
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