Shoe Carnival (NASDAQ:SCVL) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.73-2.83 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.66. The company issued revenue guidance of $1.035-1.043 billion, compared to the consensus revenue estimate of $1.04 billion.Shoe Carnival also updated its FY 2019 guidance to $2.73-2.83 EPS.
SCVL traded down $1.80 during midday trading on Wednesday, reaching $30.46. The company’s stock had a trading volume of 912,013 shares, compared to its average volume of 451,239. The stock has a market cap of $483.78 million, a PE ratio of 12.43 and a beta of 0.76. Shoe Carnival has a 1 year low of $25.44 and a 1 year high of $45.00.
Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Tuesday, March 26th. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. The business had revenue of $234.70 million for the quarter, compared to analysts’ expectations of $232.84 million. Shoe Carnival had a net margin of 3.70% and a return on equity of 12.42%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, sell-side analysts forecast that Shoe Carnival will post 2.67 EPS for the current fiscal year.
SCVL has been the topic of several analyst reports. BidaskClub downgraded shares of Shoe Carnival from a sell rating to a strong sell rating in a research note on Tuesday, March 26th. ValuEngine downgraded shares of Shoe Carnival from a buy rating to a hold rating in a research note on Friday, March 1st. Wedbush reiterated an outperform rating and issued a $47.00 target price on shares of Shoe Carnival in a research note on Wednesday, May 15th. Pivotal Research reiterated a buy rating and issued a $38.00 target price (down previously from $42.00) on shares of Shoe Carnival in a research note on Monday. Finally, Sidoti upgraded shares of Shoe Carnival from a neutral rating to a buy rating in a research note on Friday, April 5th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Shoe Carnival has an average rating of Hold and a consensus price target of $40.80.
In other news, Director Jeffrey C. Gerstel sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $36.50, for a total value of $43,800.00. Following the transaction, the director now owns 5,526 shares in the company, valued at $201,699. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 22.70% of the company’s stock.
Shoe Carnival Company Profile
Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, scarves, and wallets.
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