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

Shoe Carnival (NASDAQ:SCVL) issued an update on its FY 2024 earnings guidance on Thursday morning. 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. Shoe Carnival also updated its FY25 guidance to $2.60-2.75 EPS.

Shoe Carnival Price Performance

SCVL opened at $33.48 on Thursday. Shoe Carnival has a 12-month low of $22.75 and a 12-month high of $46.92. The stock has a market capitalization of $909.65 million, a PE ratio of 11.87 and a beta of 1.56. The firm’s fifty day moving average price is $39.03 and its 200 day moving average price is $38.70.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $332.70 million for the quarter, compared to analyst estimates of $331.45 million. Shoe Carnival had a net margin of 6.26% and a return on equity of 13.26%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 EPS. On average, equities research analysts forecast that Shoe Carnival will post 2.54 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, October 7th. Shoe Carnival’s dividend payout ratio is currently 19.15%.

Analysts Set New Price Targets

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

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.