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

Shoe Carnival (NASDAQ:SCVL) updated its FY 2025 earnings guidance on Thursday. 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.

Analysts Set New Price Targets

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

Shoe Carnival Stock Down 4.1 %

Shares of NASDAQ:SCVL opened at $21.52 on Friday. The firm’s 50 day moving average price is $25.07 and its 200-day moving average price is $32.87. Shoe Carnival has a twelve month low of $20.51 and a twelve month high of $46.92. The stock has a market capitalization of $584.81 million, a PE ratio of 7.91 and a beta of 1.51.

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

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.79%. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, April 7th. Shoe Carnival’s dividend payout ratio is currently 19.85%.

Shoe Carnival announced that its board has initiated a stock buyback program 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 programs are generally a sign that the company’s management believes its stock is undervalued.

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.