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

Shoe Carnival (NASDAQ:SCVL) issued its quarterly earnings results on Thursday. The company reported $0.54 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $277.89 million. During the same period last year, the company earned $0.59 EPS. Shoe Carnival’s quarterly revenue was down 6.2% compared to the same quarter last year. Shoe Carnival updated its FY 2025 guidance to 1.600-2.100 EPS.

Shoe Carnival Trading Down 4.1 %

Shares of NASDAQ:SCVL opened at $21.52 on Friday. Shoe Carnival has a 12-month low of $20.51 and a 12-month high of $46.92. The business’s fifty day simple moving average is $25.07 and its 200-day simple moving average is $32.87. The company has a market capitalization of $584.81 million, a PE ratio of 7.91 and a beta of 1.51.

Shoe Carnival Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, April 7th. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.79%. Shoe Carnival’s dividend payout ratio (DPR) is currently 19.85%.

Analyst Ratings Changes

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

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

Shoe Carnival Company Profile

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.