Shoe Carnival (NASDAQ:SCVL) Issues FY25 Earnings Guidance

Posted by Adam Masters on Nov 21st, 2024

Shoe Carnival (NASDAQ:SCVL – Get Free Report) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.60-2.75 for the period, compared to the consensus earnings per share estimate of $2.63. The company issued revenue guidance of $1.20-1.23 billion, compared to the consensus revenue estimate of $1.23 billion. Shoe Carnival also updated its FY 2024 guidance to 2.600-2.750 EPS.

Wall Street Analysts Forecast Growth

Separately, Williams Trading increased their price target on Shoe Carnival from $42.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, August 29th.

Read Our Latest Stock Analysis on SCVL

Shoe Carnival Stock Up 5.1 %

SCVL opened at $35.20 on Thursday. The firm’s 50 day moving average is $39.03 and its 200-day moving average is $38.70. Shoe Carnival has a 52-week low of $22.75 and a 52-week high of $46.92. The firm has a market capitalization of $956.38 million, a P/E ratio of 11.87 and a beta of 1.56.

Shoe Carnival (NASDAQ:SCVL – Get Free Report) last issued its earnings results on Thursday, September 5th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.80 by $0.03. Shoe Carnival had a return on equity of 13.26% and a net margin of 6.26%. The company had revenue of $332.70 million during the quarter, compared to analyst estimates of $331.45 million. During the same quarter last year, the firm earned $0.71 EPS. The business’s revenue was up 12.9% on a year-over-year basis. Equities analysts expect that Shoe Carnival will post 2.54 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were issued a $0.135 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.53%. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.15%.

Shoe Carnival Company Profile

(Get Free Report)

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.