Shoe Carnival (NASDAQ:SCVL) Issues Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Shoe Carnival (NASDAQ:SCVL - Get Free Report) announced its earnings results on Thursday. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.12, Zacks reports. The firm had revenue of $262.90 million for the quarter, compared to the consensus estimate of $277.89 million. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The company's revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 EPS. Shoe Carnival updated its FY 2025 guidance to 1.600-2.100 EPS.

Shoe Carnival Trading Up 3.5 %

Shares of SCVL stock traded up $0.75 during trading hours on Monday, hitting $22.27. 532,722 shares of the company were exchanged, compared to its average volume of 327,858. Shoe Carnival has a 52-week low of $20.51 and a 52-week high of $46.92. The firm has a fifty day simple moving average of $24.90 and a 200 day simple moving average of $32.68. The stock has a market capitalization of $605.19 million, a price-to-earnings ratio of 8.19 and a beta of 1.50.

Shoe Carnival Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.69%. This is a boost from Shoe Carnival's previous quarterly dividend of $0.14. The ex-dividend date is Monday, April 7th. Shoe Carnival's payout ratio is presently 22.39%.

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Analysts Set New Price Targets

Separately, StockNews.com raised Shoe Carnival from a "sell" rating to a "hold" rating in a research report on Saturday, November 30th.

Shoe Carnival announced that its Board of Directors has initiated a stock buyback program on Thursday, December 12th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to buy up to 5.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Shoe Carnival Company Profile

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.