Shoe Carnival, Inc. (SCVL) Expected to Announce Earnings of $0.75 Per Share

Equities research analysts expect Shoe Carnival, Inc. (NASDAQ:SCVL) to announce earnings of $0.75 per share for the current quarter, according to Zacks. Two analysts have made estimates for Shoe Carnival’s earnings. Shoe Carnival posted earnings per share of $0.48 during the same quarter last year, which would suggest a positive year-over-year growth rate of 56.3%. The company is scheduled to announce its next earnings report on Wednesday, May 23rd.

On average, analysts expect that Shoe Carnival will report full-year earnings of $1.92 per share for the current financial year, with EPS estimates ranging from $1.87 to $1.97. For the next financial year, analysts anticipate that the firm will report earnings of $2.15 per share, with EPS estimates ranging from $2.14 to $2.15. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Shoe Carnival.

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Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings results on Tuesday, March 27th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. Shoe Carnival had a return on equity of 8.02% and a net margin of 1.86%. The company had revenue of $243.23 million during the quarter, compared to analyst estimates of $248.19 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis.

Several brokerages have recently weighed in on SCVL. Pivotal Research upgraded Shoe Carnival from a “hold” rating to a “buy” rating and upped their price objective for the company from $29.00 to $30.00 in a report on Friday, March 16th. BidaskClub upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Zacks Investment Research lowered Shoe Carnival from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Jefferies Group restated a “hold” rating and issued a $24.00 price objective on shares of Shoe Carnival in a report on Wednesday, March 28th. Finally, TheStreet lowered Shoe Carnival from a “b” rating to a “c+” rating in a report on Wednesday, March 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.43.

SCVL stock traded up $0.10 during trading on Friday, reaching $23.95. 48,381 shares of the company’s stock were exchanged, compared to its average volume of 292,556. Shoe Carnival has a 1-year low of $15.07 and a 1-year high of $28.38. The firm has a market capitalization of $392.03, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.03 and a beta of 0.81.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Stockholders of record on Monday, April 9th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $0.30 annualized dividend and a dividend yield of 1.25%. Shoe Carnival’s dividend payout ratio (DPR) is 20.13%.

Shoe Carnival announced that its Board of Directors has authorized a stock buyback plan on Tuesday, December 19th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new stake in shares of Shoe Carnival during the third quarter worth $222,000. Ameriprise Financial Inc. raised its position in shares of Shoe Carnival by 7.7% during the third quarter. Ameriprise Financial Inc. now owns 89,684 shares of the company’s stock worth $2,009,000 after purchasing an additional 6,375 shares during the period. Macquarie Group Ltd. raised its position in shares of Shoe Carnival by 104.8% during the third quarter. Macquarie Group Ltd. now owns 64,500 shares of the company’s stock worth $1,444,000 after purchasing an additional 33,000 shares during the period. Citadel Advisors LLC raised its position in shares of Shoe Carnival by 86.0% during the third quarter. Citadel Advisors LLC now owns 109,802 shares of the company’s stock worth $2,457,000 after purchasing an additional 50,759 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Shoe Carnival by 11.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 139,075 shares of the company’s stock worth $3,113,000 after purchasing an additional 14,272 shares during the period. Institutional investors and hedge funds own 78.20% of the company’s stock.

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Shoe Carnival Company Profile

Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. It also offers online shopping on its e-commerce site at www.shoecarnival.com.

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Earnings History and Estimates for Shoe Carnival (NASDAQ:SCVL)

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