Shoe Carnival (NASDAQ:SCVL - Get Free Report) is expected to 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. Parties that wish to register for the company's conference call can do so using this link.
Shoe Carnival Stock Down 3.5 %
Shares of Shoe Carnival stock opened at $21.52 on Thursday. The stock has a market capitalization of $584.81 million, a P/E ratio of 7.91 and a beta of 1.50. The company has a 50-day simple moving average of $26.55 and a 200 day simple moving average of $33.85. Shoe Carnival has a 12-month low of $20.51 and a 12-month high of $46.92.
Shoe Carnival announced that its Board of Directors has initiated a share repurchase program on Thursday, December 12th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to buy up to 5.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Shoe Carnival from a "sell" rating to a "hold" rating in a report on Saturday, November 30th.
Get 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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