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

Shoe Carnival (NASDAQ:SCVL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 2.600-2.750 for the period, compared to the consensus EPS estimate of 2.740. The company issued revenue guidance of $1.2 billion-$1.3 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 Performance

SCVL stock opened at $40.17 on Friday. The firm has a 50 day moving average price of $40.04 and a 200-day moving average price of $36.60. Shoe Carnival has a 52-week low of $20.75 and a 52-week high of $44.48. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.82 and a beta of 1.53.

Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.03. Shoe Carnival had a net margin of 6.20% and a return on equity of 13.02%. The firm had revenue of $332.70 million during the quarter, compared to analyst estimates of $331.45 million. During the same period last year, the business earned $0.71 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts forecast that Shoe Carnival will post 2.65 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were issued a dividend of $0.135 per share. The ex-dividend date was Monday, July 8th. This represents a $0.54 annualized dividend and a dividend yield of 1.34%. Shoe Carnival’s payout ratio is 19.93%.

Wall Street Analyst Weigh In

Separately, Williams Trading raised their price target 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.

About Shoe Carnival

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.