Shoe Carnival (NASDAQ:SCVL) Issues FY25 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) updated its FY25 earnings guidance on Thursday. The company provided earnings per share guidance of $2.55-2.75 for the period, compared to the consensus earnings per share estimate of $2.64. The company issued revenue guidance of +4-6% yr/yr to ~$1.22-1.25 billion, compared to the consensus revenue estimate of $1.24 billion.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SCVL. Monness Crespi & Hardt lowered shares of Shoe Carnival from a buy rating to a neutral rating in a research report on Tuesday, March 19th. Williams Trading upgraded shares of Shoe Carnival from a hold rating to a buy rating and set a $40.00 price objective for the company in a report on Friday, March 22nd.

Shoe Carnival Stock Down 0.0 %

SCVL opened at $34.40 on Thursday. The company has a market capitalization of $934.30 million, a price-to-earnings ratio of 12.84 and a beta of 1.57. The firm has a 50-day moving average price of $34.41 and a 200-day moving average price of $29.91. Shoe Carnival has a twelve month low of $19.24 and a twelve month high of $37.08.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Thursday, March 21st. The company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. The firm had revenue of $280.20 million during the quarter, compared to the consensus estimate of $280.30 million. Shoe Carnival had a net margin of 6.24% and a return on equity of 13.17%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company earned $0.79 earnings per share. On average, sell-side analysts expect that Shoe Carnival will post 2.65 earnings per share for the current fiscal year.

Shoe Carnival Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were paid a dividend of $0.135 per share. The ex-dividend date was Friday, April 5th. This represents a $0.54 annualized dividend and a yield of 1.57%. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.12. Shoe Carnival’s payout ratio is currently 20.15%.

Insider Activity at Shoe Carnival

In related news, Director Andrea R. Guthrie sold 2,467 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total transaction of $80,078.82. Following the completion of the transaction, the director now owns 20,106 shares of the company’s stock, valued at $652,640.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Shoe Carnival news, EVP Carl N. Scibetta sold 5,415 shares of Shoe Carnival stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $35.45, for a total transaction of $191,961.75. Following the completion of the sale, the executive vice president now directly owns 118,077 shares in the company, valued at $4,185,829.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrea R. Guthrie sold 2,467 shares of Shoe Carnival stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total transaction of $80,078.82. Following the sale, the director now owns 20,106 shares of the company’s stock, valued at $652,640.76. The disclosure for this sale can be found here. 34.70% of the stock is owned by corporate insiders.

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.