Shoe Carnival (NASDAQ:SCVL - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.600-2.100 for the period. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.3 billion.
Shoe Carnival Stock Up 3.5 %
Shares of NASDAQ:SCVL traded up $0.75 on Monday, hitting $22.27. 532,722 shares of the company traded hands, compared to its average volume of 327,858. The stock has a 50 day simple moving average of $24.90 and a 200-day simple moving average of $32.68. The company has a market cap of $605.19 million, a PE ratio of 8.19 and a beta of 1.50. Shoe Carnival has a 52 week low of $20.51 and a 52 week high of $46.92.
Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. The business had revenue of $262.90 million during the quarter, compared to analyst estimates of $277.89 million. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. Shoe Carnival's revenue was down 6.2% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. As a group, sell-side analysts anticipate that Shoe Carnival will post 2.6 earnings per share for the current year.
Shoe Carnival Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be issued a $0.15 dividend. This is a positive change from Shoe Carnival's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Monday, April 7th. Shoe Carnival's payout ratio is presently 22.39%.
Shoe Carnival announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 12th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 5.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Shoe Carnival from a "sell" rating to a "hold" rating in a research note on Saturday, November 30th.
Check Out Our Latest Research Report on Shoe Carnival
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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