Steven Madden, Ltd. (SHOO) to Release Earnings on Monday
Steven Madden, Ltd. (NASDAQ:SHOO) will be posting its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect Steven Madden to post earnings of $0.77 per share for the quarter. Steven Madden has set its FY17 guidance at $2.18-2.24 EPS.
Steven Madden (NASDAQ:SHOO) last announced its earnings results on Tuesday, August 1st. The textile maker reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Steven Madden had a return on equity of 17.57% and a net margin of 8.19%. The firm had revenue of $374.15 million for the quarter, compared to analyst estimates of $355.22 million. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue was up 15.0% on a year-over-year basis. On average, analysts expect Steven Madden to post $2.24 EPS for the current fiscal year and $2.46 EPS for the next fiscal year.
Steven Madden, Ltd. (SHOO) opened at 41.95 on Monday. The stock’s 50 day moving average price is $42.10 and its 200-day moving average price is $39.93. Steven Madden, Ltd. has a 12 month low of $32.30 and a 12 month high of $43.80. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 20.20 and a beta of 0.51.
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A number of analysts have commented on SHOO shares. Zacks Investment Research downgraded Steven Madden from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Piper Jaffray Companies reiterated a “buy” rating and set a $44.00 target price on shares of Steven Madden in a research report on Wednesday, July 26th. Canaccord Genuity set a $47.00 target price on Steven Madden and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Telsey Advisory Group upped their price objective on Steven Madden from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Finally, B. Riley restated a “buy” rating and issued a $45.00 price objective on shares of Steven Madden in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $43.96.
About Steven Madden
Steven Madden, Ltd. and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children, and name brand and private label fashion handbags and accessories. The Company operates through five segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing.
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