Steven Madden (SHOO) Set to Announce Earnings on Thursday

Steven Madden (NASDAQ:SHOO - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Steven Madden to post earnings of $0.89 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released its earnings results on Wednesday, July 31st. The textile maker reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.06. Steven Madden had a net margin of 8.36% and a return on equity of 23.49%. The business had revenue of $523.60 million during the quarter, compared to analysts' expectations of $515.15 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The company's quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts expect Steven Madden to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Steven Madden Price Performance

SHOO stock remained flat at $45.09 during trading on Thursday. The company had a trading volume of 328,027 shares, compared to its average volume of 694,586. The business's fifty day moving average price is $46.37 and its 200-day moving average price is $43.91. Steven Madden has a 12 month low of $31.56 and a 12 month high of $50.01. The stock has a market cap of $3.27 billion, a PE ratio of 18.27 and a beta of 1.08.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were given a $0.21 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.86%. Steven Madden's dividend payout ratio (DPR) is presently 34.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SHOO shares. StockNews.com upgraded shares of Steven Madden from a "hold" rating to a "buy" rating in a research report on Wednesday, September 18th. Telsey Advisory Group reiterated a "market perform" rating and issued a $50.00 price objective on shares of Steven Madden in a research report on Wednesday. Piper Sandler reiterated a "neutral" rating and set a $45.00 price target on shares of Steven Madden in a report on Friday, August 23rd. Finally, Wedbush restated a "neutral" rating and issued a $41.00 price objective on shares of Steven Madden in a report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $45.14.

About Steven Madden

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.