Shoe Carnival (NASDAQ:SCVL) Releases FY 2025 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 1.600-2.100 for the period. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.3 billion.

Shoe Carnival Price Performance

Shares of SCVL stock opened at $22.44 on Friday. The business’s fifty day moving average price is $25.25 and its 200 day moving average price is $33.01. The firm has a market capitalization of $609.81 million, a PE ratio of 8.25 and a beta of 1.51. Shoe Carnival has a 1-year low of $20.51 and a 1-year high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Thursday, March 20th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The business had revenue of $262.90 million for the quarter, compared to analysts’ expectations of $277.89 million. During the same period in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. Equities research analysts expect that Shoe Carnival will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.67%. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, April 7th. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.85%.

Shoe Carnival declared that its board has authorized a stock repurchase plan on Thursday, December 12th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to purchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Saturday, November 30th.

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.