Shoe Carnival (NASDAQ:SCVL) Posts Earnings Results, Beats Estimates By $0.12 EPS

Shoe Carnival (NASDAQ:SCVL) issued its quarterly earnings data on Thursday. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12, Zacks reports. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The business had revenue of $262.90 million for the quarter, compared to the consensus estimate of $277.89 million. The firm’s revenue was down 6.2% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. Shoe Carnival updated its FY 2025 guidance to 1.600-2.100 EPS.

Shoe Carnival Trading Up 1.0 %

SCVL traded up $0.22 during midday trading on Thursday, reaching $22.87. The company’s stock had a trading volume of 256,947 shares, compared to its average volume of 320,914. Shoe Carnival has a twelve month low of $18.43 and a twelve month high of $46.92. The stock has a market cap of $621.49 million, a P/E ratio of 8.39 and a beta of 1.51. The company has a fifty day simple moving average of $25.41 and a 200 day simple moving average of $33.08.

Shoe Carnival Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, April 7th. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.62%. Shoe Carnival’s payout ratio is presently 19.85%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th.

Shoe Carnival announced that its Board of Directors has authorized a stock repurchase plan on Thursday, December 12th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.