Shoe Carnival (NASDAQ:SCVL) Releases FY25 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) updated its FY25 earnings guidance on Thursday. 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.

Analyst Upgrades and Downgrades

Separately, Williams Trading raised their price objective on Shoe Carnival from $42.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th.

Shoe Carnival Price Performance

SCVL stock opened at $33.85 on Friday. The company has a market capitalization of $919.84 million, a P/E ratio of 12.00 and a beta of 1.56. Shoe Carnival has a 12 month low of $22.75 and a 12 month high of $46.92. 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) last posted its earnings results on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. The company had revenue of $332.70 million during the quarter, compared to the consensus estimate of $331.45 million. Shoe Carnival had a net margin of 6.26% and a return on equity of 13.26%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. As a group, sell-side analysts forecast that Shoe Carnival will post 2.54 earnings per share for the current year.

Shoe Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Monday, October 7th. Shoe Carnival’s dividend payout ratio (DPR) is 19.15%.

About Shoe Carnival

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.