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

Shoe Carnival (NASDAQ:SCVL) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.600-2.750 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

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

Shoe Carnival Stock Down 0.6 %

Shares of NASDAQ:SCVL opened at $33.48 on Thursday. The company has a market capitalization of $909.65 million, a price-to-earnings ratio of 11.87 and a beta of 1.56. Shoe Carnival has a 52 week low of $22.75 and a 52 week high of $46.92. The firm has a 50 day moving average of $39.03 and a 200 day moving average of $38.70.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results 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 business had revenue of $332.70 million for the quarter, compared to the consensus estimate of $331.45 million. Shoe Carnival had a return on equity of 13.26% and a net margin of 6.26%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. On average, sell-side analysts expect that Shoe Carnival will post 2.54 EPS for the current year.

Shoe Carnival Dividend Announcement

The business also recently disclosed 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 1.61%. The ex-dividend date was Monday, October 7th. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.15%.

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.