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

Shoe Carnival (NASDAQ:SCVL) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (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.

Shoe Carnival Trading Down 0.9 %

Shares of SCVL opened at $22.44 on Friday. The company’s 50 day simple moving average is $25.25 and its 200-day simple moving average is $33.01. The firm has a market cap 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.

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

Shoe Carnival Increases Dividend

The business also recently declared 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. This represents a $0.60 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Monday, April 7th. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.14. Shoe Carnival’s payout ratio is 19.85%.

Shoe Carnival announced that its board has authorized a share repurchase program on Thursday, December 12th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

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