Steven Madden (SHOO) Set to Announce Earnings on Wednesday

Steven Madden (NASDAQ:SHOO) will be posting its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Steven Madden to post earnings of $0.56 per share for the quarter. Steven Madden has set its FY24 guidance at $2.55-2.65 EPS and its FY 2024 guidance at 2.550-2.650 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings results on Wednesday, February 28th. The textile maker reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.05. Steven Madden had a return on equity of 21.61% and a net margin of 8.67%. The company had revenue of $519.71 million during the quarter, compared to analysts’ expectations of $511.96 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts expect Steven Madden to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Steven Madden Stock Performance

NASDAQ:SHOO opened at $40.48 on Monday. Steven Madden has a 1 year low of $29.92 and a 1 year high of $45.63. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 17.60 and a beta of 1.16. The business has a fifty day moving average of $41.42 and a 200-day moving average of $39.84.

Steven Madden Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.08%. Steven Madden’s dividend payout ratio is currently 36.52%.

Wall Street Analysts Forecast Growth

SHOO has been the subject of several research reports. Piper Sandler initiated coverage on Steven Madden in a research note on Wednesday, February 14th. They set a “neutral” rating and a $45.00 target price for the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 target price on shares of Steven Madden in a research note on Thursday, January 4th. Williams Trading reaffirmed a “hold” rating and set a $44.00 target price on shares of Steven Madden in a research note on Wednesday, February 21st. Wedbush raised their target price on Steven Madden from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $44.00 target price on shares of Steven Madden in a research note on Friday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Steven Madden has an average rating of “Hold” and an average price target of $41.38.

Insider Activity at Steven Madden

In related news, CEO Edward R. Rosenfeld sold 48,500 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $41.49, for a total value of $2,012,265.00. Following the completion of the transaction, the chief executive officer now owns 697,038 shares in the company, valued at approximately $28,920,106.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Zine Mazouzi sold 7,246 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $41.66, for a total value of $301,868.36. Following the completion of the sale, the chief financial officer now directly owns 68,785 shares of the company’s stock, valued at approximately $2,865,583.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edward R. Rosenfeld sold 48,500 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $41.49, for a total value of $2,012,265.00. Following the completion of the sale, the chief executive officer now directly owns 697,038 shares of the company’s stock, valued at $28,920,106.62. The disclosure for this sale can be found here. Insiders sold 59,346 shares of company stock worth $2,464,841 in the last quarter. 2.08% of the stock is owned by company insiders.

Steven Madden Company Profile

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.