Shoe Carnival (NASDAQ:SCVL - Get Free Report) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.60-2.75 for the period, compared to the consensus estimate of $2.63. The company issued revenue guidance of $1.20-1.23 billion, compared to the consensus revenue estimate of $1.23 billion. Shoe Carnival also updated its FY 2024 guidance to 2.600-2.750 EPS.
Shoe Carnival Price Performance
Shares of NASDAQ SCVL traded up $0.37 during midday trading on Thursday, hitting $33.85. 623,395 shares of the company's stock were exchanged, compared to its average volume of 244,640. Shoe Carnival has a twelve month low of $22.75 and a twelve month high of $46.92. The company has a market cap of $919.70 million, a PE ratio of 12.00 and a beta of 1.56. The firm's fifty day simple moving average is $38.92 and its 200-day simple moving average is $38.67.
Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.03. Shoe Carnival had a net margin of 6.26% and a return on equity of 13.26%. The firm had revenue of $332.70 million during the quarter, compared to analysts' expectations of $331.45 million. During the same period in the previous year, the company earned $0.71 earnings per share. Shoe Carnival's quarterly revenue was up 12.9% compared to the same quarter last year. Equities analysts anticipate that Shoe Carnival will post 2.54 EPS for the current fiscal year.
Shoe Carnival Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Monday, October 7th. Shoe Carnival's dividend payout ratio is currently 19.15%.
Analyst Ratings Changes
Separately, Williams Trading upped 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.
View Our Latest Report on SCVL
About Shoe Carnival
(
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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.
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