Shoe Carnival (SCVL) Issues Q3 Earnings Guidance
Shoe Carnival (SCVL) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.55-0.60 for the period.
Several analysts have also recently commented on the stock. Analysts at Sterne Agee upgraded shares of Shoe Carnival from a neutral rating to a buy rating in a research note to investors on Tuesday, October 9th. They now have a $28.00 price target on the stock. On a related note, analysts at Susquehanna raised their price target on shares of Shoe Carnival from $26.00 to $28.00 in a research note to investors on Friday, August 24th. They now have a positive rating on the stock. Finally, analysts at Avondale Partners raised their price target on shares of Shoe Carnival from $24.00 to $28.00 in a research note to investors on Friday, August 24th. They now have an outperform rating on the stock.
Shoe Carnival (SCVL) traded up 1.25% on Wednesday, hitting $24.25. Shoe Carnival (SCVL) has a 52-week low of $12.7933 and a 52-week high of $24.66. The company has a market cap of $496.1 million and a price-to-earnings ratio of 17.57.
Shoe Carnival last announced its earnings results on Thursday, August 23rd. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.03. The company had revenue of $182.20 million for the quarter, compared to the consensus estimate of $182.12 million. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts expect that Shoe Carnival (SCVL) will post $1.54 EPS for the current fiscal year.
Shoe Carnival, Inc. (Shoe Carnival) is a family footwear retailer. The Company offers customers an assortment of dress, casual and athletic footwear for men, women and children with emphasis on national and regional name brands.
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