Shoe Carnival (NASDAQ:SCVL) announced its quarterly earnings results on Thursday. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12, Briefing.com reports. The firm had revenue of $257.40 million for the quarter, compared to analyst estimates of $261.82 million. Shoe Carnival had a return on equity of 8.02% and a net margin of 1.86%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. Shoe Carnival updated its FY19 guidance to $1.90-2.05 EPS.
Shares of SCVL stock opened at $26.34 on Friday. Shoe Carnival has a 1-year low of $15.07 and a 1-year high of $28.38. The stock has a market cap of $414.13 million, a P/E ratio of 17.68, a P/E/G ratio of 1.11 and a beta of 0.80.
Several brokerages have recently commented on SCVL. Pivotal Research restated a “buy” rating and set a $30.00 price target on shares of Shoe Carnival in a research note on Tuesday. ValuEngine lowered Shoe Carnival from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. BidaskClub upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Zacks Investment Research lowered Shoe Carnival from a “hold” rating to a “sell” rating in a research note on Friday, March 30th. Finally, TheStreet lowered Shoe Carnival from a “b” rating to a “c+” rating in a research note on Wednesday, March 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $26.43.
About Shoe Carnival
Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.
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