Steven Madden (SHOO) Set to Announce Earnings on Thursday

Steven Madden (NASDAQ:SHOO) is set to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Steven Madden to post earnings of $0.89 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings results on Wednesday, July 31st. The textile maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Steven Madden had a net margin of 8.36% and a return on equity of 23.49%. The business had revenue of $523.60 million during the quarter, compared to analysts’ expectations of $515.15 million. During the same quarter in the previous year, the company earned $0.47 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts expect Steven Madden to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Steven Madden Price Performance

SHOO stock opened at $45.09 on Thursday. Steven Madden has a one year low of $31.56 and a one year high of $50.01. The stock has a market cap of $3.27 billion, a PE ratio of 18.40 and a beta of 1.08. The firm has a 50 day simple moving average of $46.37 and a two-hundred day simple moving average of $43.91.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.84 dividend on an annualized basis and a yield of 1.86%. Steven Madden’s dividend payout ratio is presently 34.29%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SHOO. Piper Sandler reissued a “neutral” rating and issued a $45.00 price target on shares of Steven Madden in a research note on Friday, August 23rd. Wedbush reaffirmed a “neutral” rating and issued a $41.00 price objective on shares of Steven Madden in a research note on Wednesday, August 7th. StockNews.com raised shares of Steven Madden from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $50.00 price objective on shares of Steven Madden in a research note on Wednesday. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.14.

About Steven Madden

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.