Shoe Carnival (NASDAQ:SCVL) Issues FY25 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $2.60-2.75 for the period, compared to the consensus EPS estimate of $2.70. The company issued revenue guidance of $1.23-1.25 billion, compared to the consensus revenue estimate of $1.24 billion. Shoe Carnival also updated its FY 2024 guidance to 2.600-2.750 EPS.

Analyst Ratings Changes

Separately, Williams Trading increased their target price on Shoe Carnival from $42.00 to $51.00 and gave the stock a buy rating in a report on Thursday, August 29th.

Shoe Carnival Stock Up 12.9 %

SCVL stock traded up $4.83 during trading on Thursday, hitting $42.38. The company had a trading volume of 210,855 shares, compared to its average volume of 206,912. The firm has a 50-day moving average price of $39.90 and a 200-day moving average price of $36.46. Shoe Carnival has a 12 month low of $20.75 and a 12 month high of $44.48. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 15.40 and a beta of 1.53.

Shoe Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Monday, July 8th. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.93%.

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.