Shoe Carnival (NASDAQ:SCVL) Posts Earnings Results

Shoe Carnival (NASDAQ:SCVL) posted its earnings results on Thursday. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12, Zacks reports. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The firm had revenue of $262.90 million for the quarter, compared to the consensus estimate of $277.89 million. During the same quarter in the prior year, the business earned $0.59 EPS. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. Shoe Carnival updated its FY 2025 guidance to 1.600-2.100 EPS.

Shoe Carnival Trading Down 0.9 %

SCVL stock opened at $22.44 on Friday. The stock has a market capitalization of $609.81 million, a PE ratio of 8.25 and a beta of 1.51. Shoe Carnival has a 12-month low of $20.51 and a 12-month high of $46.92. The stock’s 50 day simple moving average is $25.25 and its 200 day simple moving average is $33.01.

Shoe Carnival Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be given a $0.15 dividend. The ex-dividend date is Monday, April 7th. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 2.67%. Shoe Carnival’s dividend payout ratio is 19.85%.

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

Wall Street Analysts Forecast Growth

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

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.