Shoe Carnival (SCVL) Projected to Post Quarterly Earnings on Thursday

Shoe Carnival (NASDAQ:SCVL) will likely be issuing its quarterly earnings data before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $277.89 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Shoe Carnival Stock Up 2.4 %

SCVL opened at $22.37 on Tuesday. Shoe Carnival has a twelve month low of $20.51 and a twelve month high of $46.92. The company has a market cap of $607.90 million, a PE ratio of 8.22 and a beta of 1.50. The company has a 50-day moving average price of $25.73 and a 200 day moving average price of $33.28.

Shoe Carnival announced that its Board of Directors has approved a stock buyback program on Thursday, December 12th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.68%. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.14. Shoe Carnival’s dividend payout ratio is presently 19.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a report on Saturday, November 30th.

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.