Analysts predict that Shoe Carnival, Inc. (NASDAQ:SCVL) will report $0.54 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Shoe Carnival’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.59. Shoe Carnival reported earnings of $0.56 per share in the same quarter last year, which suggests a negative year over year growth rate of 3.6%. The firm is expected to issue its next quarterly earnings report after the market closes on Thursday, May 25th.
According to Zacks, analysts expect that Shoe Carnival will report full-year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.40 to $1.53. For the next fiscal year, analysts expect that the firm will report earnings of $1.58 per share, with EPS estimates ranging from $1.45 to $1.70. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Shoe Carnival.
Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Thursday, March 23rd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. Shoe Carnival had a net margin of 2.86% and a return on equity of 8.51%. The business had revenue of $234.20 million during the quarter, compared to analysts’ expectations of $234.89 million. During the same period last year, the business earned $0.21 earnings per share. The firm’s revenue was up .2% on a year-over-year basis.
A number of research analysts have issued reports on the company. Jefferies Group LLC set a $26.00 price objective on Shoe Carnival and gave the company a “hold” rating in a research note on Friday, March 17th. B. Riley assumed coverage on Shoe Carnival in a research note on Thursday, March 9th. They issued a “neutral” rating and a $26.00 price objective for the company. Zacks Investment Research upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th. Mizuho reduced their price objective on Shoe Carnival from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, January 10th. Finally, Susquehanna Bancshares Inc restated a “hold” rating and issued a $24.00 price objective on shares of Shoe Carnival in a research note on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $26.29.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Shoe Carnival by 5.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,059 shares of the company’s stock valued at $100,000 after buying an additional 200 shares during the last quarter. Acrospire Investment Management LLC increased its position in Shoe Carnival by 859.2% in the third quarter. Acrospire Investment Management LLC now owns 6,350 shares of the company’s stock valued at $169,000 after buying an additional 5,688 shares during the last quarter. First Trust Advisors LP purchased a new position in Shoe Carnival during the third quarter valued at $205,000. State of Tennessee Treasury Department purchased a new position in Shoe Carnival during the third quarter valued at $307,000. Finally, Comerica Bank increased its position in Shoe Carnival by 3.7% in the first quarter. Comerica Bank now owns 14,693 shares of the company’s stock valued at $376,000 after buying an additional 530 shares during the last quarter. Institutional investors own 68.46% of the company’s stock.
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Shoe Carnival (NASDAQ:SCVL) opened at 23.65 on Tuesday. The company has a 50 day moving average of $24.70 and a 200 day moving average of $26.15. The company has a market capitalization of $418.42 million, a PE ratio of 18.51 and a beta of 0.90. Shoe Carnival has a 1-year low of $21.16 and a 1-year high of $31.79.
The company also recently declared a quarterly dividend, which was paid on Monday, April 24th. Stockholders of record on Monday, April 10th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, April 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.18%. Shoe Carnival’s payout ratio is 18.30%.
Shoe Carnival Company Profile
Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. It also offers online shopping on its e-commerce site at www.shoecarnival.com.
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