Shoe Carnival (SCVL) Releases FY20 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) updated its FY20 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.60-2.70 for the period, compared to the Thomson Reuters consensus estimate of $2.57. The company issued revenue guidance of $1.035-1.043, compared to the consensus revenue estimate of $1.03 billion.Shoe Carnival also updated its FY19 guidance to $2.41-2.43 EPS.

Several research firms recently commented on SCVL. BidaskClub raised shares of Shoe Carnival from a buy rating to a strong-buy rating in a research note on Tuesday, October 16th. ValuEngine downgraded shares of Shoe Carnival from a buy rating to a hold rating in a research report on Thursday, December 6th. Pivotal Research raised their target price on shares of Shoe Carnival from $46.00 to $47.00 and gave the company a buy rating in a research report on Tuesday, November 20th. Susquehanna Bancshares raised shares of Shoe Carnival from a neutral rating to a positive rating and set a $42.00 target price on the stock in a research report on Wednesday, January 2nd. Finally, UBS Group raised shares of Shoe Carnival from a neutral rating to a positive rating in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $39.17.

SCVL stock opened at $37.93 on Monday. The company has a market capitalization of $585.58 million, a P/E ratio of 25.46 and a beta of 0.83. Shoe Carnival has a 52 week low of $21.01 and a 52 week high of $45.00.



Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Thursday, November 15th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.15. The company had revenue of $269.18 million during the quarter, compared to analysts’ expectations of $265.40 million. Shoe Carnival had a net margin of 3.17% and a return on equity of 12.51%. Analysts anticipate that Shoe Carnival will post 2.38 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 28th. Stockholders of record on Monday, January 14th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, January 11th. Shoe Carnival’s dividend payout ratio (DPR) is currently 21.48%.

In other news, Director Kent A. Kleeberger sold 1,074 shares of the company’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $33.98, for a total value of $36,494.52. Following the sale, the director now directly owns 13,886 shares of the company’s stock, valued at approximately $471,846.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kent A. Kleeberger sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $36.77, for a total transaction of $55,155.00. Following the completion of the sale, the director now directly owns 14,960 shares in the company, valued at $550,079.20. The disclosure for this sale can be found here. 22.70% of the stock is owned by corporate insiders.

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Shoe Carnival Company Profile

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

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