Shoe Carnival (NASDAQ:SCVL) Issues FY 2024 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.600-2.750 for the period, compared to the consensus estimate of 2.630. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. Shoe Carnival also updated its FY25 guidance to $2.60-2.75 EPS.

Shoe Carnival Price Performance

Shares of SCVL opened at $33.90 on Friday. The firm has a market capitalization of $921.06 million, a PE ratio of 12.46 and a beta of 1.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.88 and a quick ratio of 0.70. The company’s 50-day moving average is $38.78 and its 200-day moving average is $38.66. Shoe Carnival has a fifty-two week low of $22.75 and a fifty-two week high of $46.92.

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

Shoe Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, October 7th. Shoe Carnival’s dividend payout ratio is currently 19.85%.

Wall Street Analyst Weigh In

SCVL has been the topic of a number of recent research reports. Williams Trading raised their price target on shares of Shoe Carnival from $42.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. StockNews.com cut shares of Shoe Carnival from a “hold” rating to a “sell” rating in a report on Friday.

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.