Shoe Carnival (NASDAQ:SCVL) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 22nd. Analysts expect Shoe Carnival to post earnings of $0.84 per share for the quarter. Shoe Carnival has set its FY 2019 guidance at $2.60-2.70 EPS and its FY20 guidance at $2.60-2.70 EPS.
Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Tuesday, March 26th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The firm had revenue of $234.70 million during the quarter, compared to analysts’ expectations of $232.84 million. Shoe Carnival had a return on equity of 12.42% and a net margin of 3.70%. Shoe Carnival’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. On average, analysts expect Shoe Carnival to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NASDAQ:SCVL opened at $33.22 on Wednesday. The firm has a market capitalization of $520.13 million, a price-to-earnings ratio of 13.56 and a beta of 0.76. Shoe Carnival has a 1 year low of $24.53 and a 1 year high of $45.00.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, April 5th. Shoe Carnival’s payout ratio is 13.06%.
In other Shoe Carnival news, Director Jeffrey C. Gerstel sold 1,200 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $36.50, for a total value of $43,800.00. Following the completion of the transaction, the director now owns 5,526 shares in the company, valued at $201,699. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 22.70% of the company’s stock.
Several research firms have issued reports on SCVL. Zacks Investment Research cut Shoe Carnival from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Sidoti upgraded Shoe Carnival from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. They noted that the move was a valuation call. BidaskClub cut Shoe Carnival from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 31st. Pivotal Research reiterated a “buy” rating and issued a $45.00 price objective on shares of Shoe Carnival in a research report on Wednesday, March 20th. Finally, Wedbush reiterated an “outperform” rating and issued a $47.00 price objective on shares of Shoe Carnival in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $42.20.
Shoe Carnival Company Profile
Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, scarves, and wallets.
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