Steven Madden (SHOO) Set to Announce Earnings on Thursday

Steven Madden (NASDAQ:SHOO) will be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Steven Madden to post earnings of $0.89 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Wednesday, July 31st. The textile maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. Steven Madden had a net margin of 8.36% and a return on equity of 23.49%. The business had revenue of $523.60 million for the quarter, compared to analyst estimates of $515.15 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts expect Steven Madden to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Steven Madden Stock Down 0.1 %

NASDAQ SHOO opened at $45.09 on Thursday. The company’s 50 day moving average is $46.37 and its 200-day moving average is $43.91. Steven Madden has a 12-month low of $31.56 and a 12-month high of $50.01. The firm has a market cap of $3.27 billion, a P/E ratio of 18.40 and a beta of 1.08.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, September 13th. Steven Madden’s dividend payout ratio (DPR) is currently 34.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com raised shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. Piper Sandler reissued a “neutral” rating and issued a $45.00 price target on shares of Steven Madden in a research report on Friday, August 23rd. Telsey Advisory Group reissued a “market perform” rating and issued a $50.00 price target on shares of Steven Madden in a research report on Wednesday. Finally, Wedbush reissued a “neutral” rating and issued a $41.00 price target on shares of Steven Madden in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Steven Madden has an average rating of “Hold” and a consensus target price of $45.14.

About Steven Madden

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.