Shoe Carnival (NASDAQ:SCVL) Announces Quarterly Earnings Results

Shoe Carnival (NASDAQ:SCVL) issued its quarterly earnings data on Thursday. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.03, Briefing.com reports. Shoe Carnival had a net margin of 6.20% and a return on equity of 13.02%. The firm had revenue of $332.70 million during the quarter, compared to the consensus estimate of $331.45 million. During the same period last year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year.

Shoe Carnival Trading Down 1.1 %

Shares of SCVL stock opened at $40.17 on Friday. The stock has a market cap of $1.09 billion, a P/E ratio of 14.82 and a beta of 1.53. Shoe Carnival has a 1 year low of $20.75 and a 1 year high of $44.48. The stock has a 50 day simple moving average of $40.04 and a 200 day simple moving average of $36.55.

Shoe Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.54 annualized dividend and a dividend yield of 1.34%. Shoe Carnival’s dividend payout ratio is presently 19.93%.

Wall Street Analysts Forecast Growth

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

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.