Shoe Carnival (NASDAQ:SCVL) Issues Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Shoe Carnival (NASDAQ:SCVL) announced its earnings results on Thursday. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12, Zacks reports. 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 during the quarter, compared to the consensus estimate of $277.89 million. During the same quarter in the previous year, the company posted $0.59 EPS. The firm’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 2.7 %

Shares of NASDAQ SCVL traded down $0.62 on Thursday, reaching $22.04. 276,491 shares of the company traded hands, compared to its average volume of 321,063. Shoe Carnival has a fifty-two week low of $18.43 and a fifty-two week high of $46.92. The company has a 50 day moving average of $25.41 and a 200 day moving average of $33.08. The stock has a market capitalization of $598.80 million, a PE ratio of 8.14 and a beta of 1.51.

Shoe Carnival Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, April 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.72%. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.14. Shoe Carnival’s dividend payout ratio is currently 19.85%.

Shoe Carnival declared that its board has approved a share buyback plan on Thursday, December 12th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research note 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.