Shoe Carnival (NASDAQ:SCVL) Updates FY 2024 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.600-2.750 for the period, compared to the consensus estimate of 2.630. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

Analysts Set New Price Targets

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

Shoe Carnival Stock Down 0.6 %

SCVL opened at $33.48 on Thursday. Shoe Carnival has a twelve month low of $22.75 and a twelve month high of $46.92. The company has a 50-day moving average price of $39.03 and a 200 day moving average price of $38.70. The company has a market cap of $909.65 million, a PE ratio of 11.87 and a beta of 1.56.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.83 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%. Shoe Carnival’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. As a group, sell-side analysts expect that Shoe Carnival will post 2.54 earnings per share for the current year.

Shoe Carnival Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were issued a $0.135 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.54 dividend on an annualized basis and a yield of 1.61%. Shoe Carnival’s payout ratio is 19.15%.

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.