Steven Madden (NASDAQ:SHOO) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.60-2.67 for the period, compared to the Thomson Reuters consensus estimate of $2.73. The company issued revenue guidance of $1.575-1.605 billion, compared to the consensus revenue estimate of $1.63 billion.
Steven Madden (SHOO) opened at $43.90 on Thursday. The company has a market capitalization of $2,603.50, a P/E ratio of 19.75, a PEG ratio of 1.61 and a beta of 0.41. Steven Madden has a one year low of $35.55 and a one year high of $49.28.
Steven Madden (NASDAQ:SHOO) last released its earnings results on Tuesday, February 27th. The textile maker reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $364.40 million during the quarter, compared to analysts’ expectations of $360.27 million. Steven Madden had a return on equity of 16.68% and a net margin of 7.63%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 EPS. analysts expect that Steven Madden will post 2.66 EPS for the current year.
SHOO has been the topic of several research reports. Telsey Advisory Group dropped their price target on Steven Madden from $45.00 to $44.00 and set an outperform rating on the stock in a research report on Wednesday, November 1st. Buckingham Research dropped their price target on Steven Madden from $40.00 to $39.00 and set a neutral rating on the stock in a research report on Wednesday, November 1st. Susquehanna Bancshares reissued a buy rating and set a $48.00 price target on shares of Steven Madden in a research report on Tuesday, November 7th. Canaccord Genuity set a $47.00 price target on Steven Madden and gave the company a buy rating in a research report on Thursday, November 30th. Finally, Wedbush reissued a buy rating and set a $53.00 price target on shares of Steven Madden in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $49.29.
In other Steven Madden news, COO Awadhesh K. Sinha sold 6,500 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $45.03, for a total value of $292,695.00. Following the sale, the chief operating officer now directly owns 63,383 shares of the company’s stock, valued at $2,854,136.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.06% of the stock is owned by company insiders.
Steven Madden Company Profile
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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