Steven Madden (SHOO) Issues FY 2018 Earnings Guidance

Steven Madden (NASDAQ:SHOO) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.76-1.78 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.80. The company issued revenue guidance of $1.639-1.654 billion, compared to the consensus revenue estimate of $1.65 billion.Steven Madden also updated its FY18 guidance to $1.76-1.78 EPS.

NASDAQ SHOO traded down $0.44 during mid-day trading on Wednesday, reaching $31.57. 47,901 shares of the stock were exchanged, compared to its average volume of 1,111,856. Steven Madden has a 1-year low of $24.83 and a 1-year high of $39.30. The firm has a market cap of $2.49 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 1.53 and a beta of 0.53.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Tuesday, October 30th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. Steven Madden had a net margin of 8.17% and a return on equity of 17.01%. The firm had revenue of $458.48 million for the quarter, compared to analyst estimates of $472.80 million. During the same quarter last year, the business earned $0.77 earnings per share. Steven Madden’s revenue was up 3.9% compared to the same quarter last year. Analysts anticipate that Steven Madden will post 1.79 EPS for the current fiscal year.

A number of equities analysts have weighed in on the stock. BidaskClub lowered shares of Steven Madden from a strong-buy rating to a buy rating in a report on Wednesday, August 29th. Zacks Investment Research upgraded shares of Steven Madden from a sell rating to a hold rating in a report on Thursday, August 2nd. ValuEngine lowered shares of Steven Madden from a buy rating to a hold rating in a report on Tuesday, October 2nd. Finally, Canaccord Genuity restated a buy rating and set a $41.33 target price on shares of Steven Madden in a report on Monday, August 13th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $36.56.

In related news, Director Rose Peabody Lynch sold 2,500 shares of Steven Madden stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $57.27, for a total transaction of $143,175.00. Following the sale, the director now owns 7,103 shares of the company’s stock, valued at approximately $406,788.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Awadhesh K. Sinha sold 4,000 shares of Steven Madden stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $57.50, for a total transaction of $230,000.00. Following the sale, the chief operating officer now directly owns 57,845 shares in the company, valued at approximately $3,326,087.50. The disclosure for this sale can be found here. Insiders have sold a total of 13,500 shares of company stock worth $771,405 in the last ninety days. 1.77% of the stock is currently owned by insiders.

About Steven Madden

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, Kate Spade, and Avec Les Filles brands, as well as private label footwear.

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Earnings History and Estimates for Steven Madden (NASDAQ:SHOO)

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