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 $2.70. The company issued revenue guidance of $1.23-1.25 billion, compared to the consensus revenue estimate of $1.24 billion. Shoe Carnival also updated its FY 2024 guidance to 2.600-2.750 EPS.

Analyst Ratings Changes

Separately, Williams Trading raised their price target on shares of Shoe Carnival from $42.00 to $51.00 and gave the company a buy rating in a report on Thursday, August 29th.

Shoe Carnival Stock Down 1.1 %

Shares of NASDAQ:SCVL opened at $40.17 on Friday. Shoe Carnival has a twelve month low of $20.75 and a twelve month high of $44.48. The stock has a market capitalization of $1.09 billion, a PE ratio of 14.82 and a beta of 1.53. The firm’s 50 day moving average price is $40.04 and its 200-day moving average price is $36.55.

Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Thursday, September 5th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The company had revenue of $332.70 million for the quarter, compared to analysts’ expectations of $331.45 million. Shoe Carnival had a net margin of 6.20% and a return on equity of 13.02%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 EPS. Analysts expect that Shoe Carnival will post 2.65 earnings per share for the current fiscal year.

Shoe Carnival Announces Dividend

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

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.