Shoe Carnival (SCVL) Set to Announce Earnings on Thursday

Shoe Carnival (NASDAQ:SCVLGet Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, May 23rd. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Shoe Carnival has set its FY25 guidance at 2.55-2.75 EPS and its FY 2024 guidance at 2.550-2.750 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Shoe Carnival (NASDAQ:SCVLGet Free Report) last announced its quarterly earnings data on Thursday, March 21st. The company reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. Shoe Carnival had a net margin of 6.24% and a return on equity of 13.17%. The company had revenue of $280.20 million during the quarter, compared to analysts’ expectations of $280.30 million. During the same quarter in the prior year, the company earned $0.79 EPS. Shoe Carnival’s revenue was down 3.6% compared to the same quarter last year. On average, analysts expect Shoe Carnival to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shoe Carnival Trading Up 1.1 %

Shares of NASDAQ SCVL opened at $34.41 on Wednesday. The company has a 50-day moving average of $34.36 and a 200 day moving average of $29.88. Shoe Carnival has a 12-month low of $19.24 and a 12-month high of $37.08. The stock has a market cap of $934.58 million, a PE ratio of 12.84 and a beta of 1.57.

Shoe Carnival Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were paid a $0.135 dividend. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, April 5th. This represents a $0.54 annualized dividend and a dividend yield of 1.57%. Shoe Carnival’s dividend payout ratio is 20.15%.

Analyst Ratings Changes

Several equities analysts have recently commented on SCVL shares. Williams Trading upgraded shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Friday, March 22nd. Monness Crespi & Hardt downgraded shares of Shoe Carnival from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 19th.

Read Our Latest Stock Analysis on SCVL

Insider Transactions at Shoe Carnival

In other news, Director Andrea R. Guthrie sold 2,467 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total value of $80,078.82. Following the completion of the sale, the director now owns 20,106 shares in the company, valued at approximately $652,640.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Andrea R. Guthrie sold 2,467 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total transaction of $80,078.82. Following the sale, the director now owns 20,106 shares of the company’s stock, valued at $652,640.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Carl N. Scibetta sold 5,415 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $35.45, for a total transaction of $191,961.75. Following the sale, the executive vice president now directly owns 118,077 shares in the company, valued at approximately $4,185,829.65. The disclosure for this sale can be found here. Company insiders own 34.70% of the company’s stock.

Shoe Carnival Company Profile

(Get Free Report)

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.

See Also

Earnings History for Shoe Carnival (NASDAQ:SCVL)

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