Steven Madden (SHOO) to Release Quarterly Earnings on Wednesday

Steven Madden (NASDAQ:SHOO) is set to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Steven Madden to post earnings of $0.56 per share for the quarter. Steven Madden has set its FY24 guidance at $2.55-2.65 EPS and its FY 2024 guidance at 2.550-2.650 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Wednesday, February 28th. The textile maker reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. Steven Madden had a return on equity of 21.61% and a net margin of 8.67%. The company had revenue of $519.71 million during the quarter, compared to analyst estimates of $511.96 million. During the same quarter last year, the firm posted $0.44 earnings per share. The firm’s revenue was up 10.4% 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 Trading Down 0.6 %

NASDAQ SHOO traded down $0.25 during trading on Tuesday, hitting $40.74. The company had a trading volume of 234,732 shares, compared to its average volume of 781,327. The company’s fifty day moving average is $41.36 and its 200-day moving average is $39.90. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 17.82 and a beta of 1.16. Steven Madden has a one year low of $29.92 and a one year high of $45.63.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.06%. Steven Madden’s dividend payout ratio (DPR) is presently 36.52%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SHOO shares. Williams Trading reissued a “hold” rating and issued a $44.00 target price on shares of Steven Madden in a research report on Wednesday, February 21st. Piper Sandler started coverage on shares of Steven Madden in a research report on Wednesday, February 14th. They issued a “neutral” rating and a $45.00 target price on the stock. Citigroup raised their target price on shares of Steven Madden from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. StockNews.com raised Steven Madden from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Finally, Wedbush boosted their target price on Steven Madden from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $41.38.

Insider Transactions at Steven Madden

In other Steven Madden news, CEO Edward R. Rosenfeld sold 48,500 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $41.49, for a total value of $2,012,265.00. Following the transaction, the chief executive officer now owns 697,038 shares of the company’s stock, valued at $28,920,106.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Steven Madden news, CFO Zine Mazouzi sold 7,246 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $41.66, for a total value of $301,868.36. Following the completion of the transaction, the chief financial officer now directly owns 68,785 shares in the company, valued at approximately $2,865,583.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward R. Rosenfeld sold 48,500 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $41.49, for a total transaction of $2,012,265.00. Following the completion of the transaction, the chief executive officer now directly owns 697,038 shares in the company, valued at approximately $28,920,106.62. The disclosure for this sale can be found here. Insiders have sold a total of 59,346 shares of company stock worth $2,464,841 in the last ninety days. Insiders own 2.08% of the company’s stock.

Steven Madden Company Profile

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.