Shoe Carnival (SCVL) Updates FY19 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) issued an update on its FY19 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.41-2.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.37. The company issued revenue guidance of ~$1.028 billion, compared to the consensus revenue estimate of $1.02 billion.Shoe Carnival also updated its FY20 guidance to $2.60-2.70 EPS.

NASDAQ SCVL opened at $37.93 on Monday. The firm has a market capitalization of $585.58 million, a price-to-earnings ratio of 25.46 and a beta of 0.83. Shoe Carnival has a one year low of $21.01 and a one year high of $45.00.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Thursday, November 15th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15. Shoe Carnival had a net margin of 3.17% and a return on equity of 12.51%. The company had revenue of $269.18 million for the quarter, compared to analyst estimates of $265.40 million. Equities research analysts anticipate that Shoe Carnival will post 2.38 EPS for the current year.



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

A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Shoe Carnival from a hold rating to a buy rating in a research note on Thursday, January 3rd. Susquehanna Bancshares upgraded shares of Shoe Carnival from a neutral rating to a positive rating and set a $42.00 price target on the stock in a research note on Wednesday, January 2nd. UBS Group upgraded shares of Shoe Carnival from a neutral rating to a positive rating in a research note on Wednesday, January 2nd. BidaskClub upgraded shares of Shoe Carnival from a buy rating to a strong-buy rating in a research note on Thursday, December 27th. Finally, Pivotal Research boosted their price target on shares of Shoe Carnival from $46.00 to $47.00 and gave the stock a buy rating in a research note on Tuesday, November 20th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Shoe Carnival currently has an average rating of Buy and an average price target of $39.17.

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

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

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