Brokerages predict that Shoe Carnival, Inc. (NASDAQ:SCVL) will announce earnings of $0.64 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Shoe Carnival’s earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.64. Shoe Carnival posted earnings per share of $0.54 in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.5%. The company is expected to issue its next earnings results after the market closes on Thursday, November 16th.
According to Zacks, analysts expect that Shoe Carnival will report full year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.45. For the next financial year, analysts anticipate that the company will report earnings of $1.63 per share, with EPS estimates ranging from $1.60 to $1.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Shoe Carnival.
Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Wednesday, August 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. The company had revenue of $235.10 million for the quarter, compared to analyst estimates of $232.26 million. Shoe Carnival had a net margin of 2.09% and a return on equity of 7.37%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS.
Several research analysts have recently weighed in on the stock. Wedbush assumed coverage on shares of Shoe Carnival in a report on Monday, August 14th. They set an “outperform” rating and a $21.00 price objective on the stock. Zacks Investment Research lowered shares of Shoe Carnival from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Susquehanna Bancshares Inc upgraded shares of Shoe Carnival from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $19.00 to $23.00 in a report on Wednesday, September 20th. BidaskClub lowered shares of Shoe Carnival from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, UBS AG upgraded shares of Shoe Carnival from a “neutral” rating to a “positive” rating in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.57.
In other Shoe Carnival news, Director Charles B. Tomm purchased 11,190 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were purchased at an average price of $22.69 per share, for a total transaction of $253,901.10. Following the completion of the acquisition, the director now owns 16,948 shares of the company’s stock, valued at approximately $384,550.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 32.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Shoe Carnival by 4.2% in the first quarter. Vanguard Group Inc. now owns 687,504 shares of the company’s stock valued at $16,893,000 after buying an additional 27,447 shares during the period. Northern Trust Corp raised its holdings in Shoe Carnival by 17.8% in the second quarter. Northern Trust Corp now owns 673,302 shares of the company’s stock valued at $14,059,000 after buying an additional 101,530 shares during the period. Geode Capital Management LLC raised its holdings in Shoe Carnival by 7.5% in the first quarter. Geode Capital Management LLC now owns 225,430 shares of the company’s stock valued at $5,537,000 after buying an additional 15,799 shares during the period. Foundry Partners LLC purchased a new position in Shoe Carnival in the third quarter valued at approximately $4,080,000. Finally, Prudential Financial Inc. raised its holdings in Shoe Carnival by 35.7% in the second quarter. Prudential Financial Inc. now owns 153,749 shares of the company’s stock valued at $3,210,000 after buying an additional 40,480 shares during the period. Hedge funds and other institutional investors own 62.25% of the company’s stock.
Shares of Shoe Carnival (SCVL) traded up $0.11 during mid-day trading on Tuesday, hitting $19.55. 418,000 shares of the stock traded hands, compared to its average volume of 179,492. The stock has a market cap of $332.74, a price-to-earnings ratio of 14.62, a P/E/G ratio of 1.12 and a beta of 0.90. Shoe Carnival has a 1-year low of $15.07 and a 1-year high of $31.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.25 and a current ratio of 3.38.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.30 annualized dividend and a yield of 1.53%. Shoe Carnival’s payout ratio is 24.59%.
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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