Shoe Carnival (NASDAQ:SCVL) Issues FY 2024 Earnings Guidance

Posted by Maddie Sorensen on Nov 22nd, 2024

Shoe Carnival (NASDAQ:SCVL – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.600-2.750 for the period, compared to the consensus earnings per share estimate of 2.630. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. Shoe Carnival also updated its FY25 guidance to $2.60-2.75 EPS.

Shoe Carnival Stock Up 1.1 %

Shares of SCVL stock opened at $33.85 on Friday. The company’s fifty day simple moving average is $38.92 and its two-hundred day simple moving average is $38.67. Shoe Carnival has a 52 week low of $22.75 and a 52 week high of $46.92. The stock has a market cap of $919.84 million, a P/E ratio of 12.00 and a beta of 1.56.

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

Shoe Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 1.60%. The ex-dividend date was Monday, October 7th. Shoe Carnival’s dividend payout ratio is presently 19.15%.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on SCVL

About Shoe Carnival

(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.