Shoe Carnival (NASDAQ:SCVL) Releases FY25 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $2.60-2.75 for the period, compared to the consensus EPS estimate of $2.63. The company issued revenue guidance of $1.20-1.23 billion, compared to the consensus revenue estimate of $1.23 billion. Shoe Carnival also updated its FY 2024 guidance to 2.600-2.750 EPS.

Shoe Carnival Stock Performance

Shoe Carnival stock opened at $33.90 on Friday. Shoe Carnival has a 12-month low of $22.75 and a 12-month high of $46.92. The company has a market capitalization of $921.06 million, a price-to-earnings ratio of 12.46 and a beta of 1.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.88 and a quick ratio of 0.70. The firm’s fifty day moving average price is $38.78 and its 200 day moving average price is $38.66.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.03. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The firm had revenue of $332.70 million for the quarter, compared to the consensus estimate of $331.45 million. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. On average, research analysts forecast that Shoe Carnival will post 2.67 EPS for the current fiscal year.

Shoe Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.59%. The ex-dividend date was Monday, October 7th. Shoe Carnival’s dividend payout ratio (DPR) is 19.85%.

Wall Street Analysts Forecast Growth

SCVL has been the topic of several analyst reports. StockNews.com downgraded shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research note on Friday. Williams Trading boosted their target price on shares of Shoe Carnival from $42.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th.

Shoe Carnival Company Profile

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.