Shoe Carnival (NASDAQ:SCVL) Updates 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 Ratings Changes

Several brokerages recently issued reports on SCVL. Williams Trading upped their price objective on shares of Shoe Carnival from $42.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. StockNews.com downgraded shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research note on Friday.

Shoe Carnival Stock Performance

NASDAQ:SCVL opened at $33.90 on Friday. The company has a quick ratio of 0.70, a current ratio of 3.88 and a debt-to-equity ratio of 0.50. The company has a market cap of $921.06 million, a P/E ratio of 12.46 and a beta of 1.56. Shoe Carnival has a fifty-two week low of $22.75 and a fifty-two week high of $46.92. The firm’s 50 day moving average is $38.78 and its two-hundred day moving average is $38.66.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Thursday, September 5th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. The business had revenue of $332.70 million for the quarter, compared to analyst estimates of $331.45 million. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. Analysts expect that Shoe Carnival will post 2.67 EPS for the current year.

Shoe Carnival Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.54 annualized dividend and a dividend yield of 1.59%. Shoe Carnival’s payout ratio is 19.85%.

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.