Shoe Carnival (SCVL) Updates FY20 Earnings Guidance

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.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, April 5th. Shoe Carnival’s dividend payout ratio (DPR) is presently 13.06%.

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.

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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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Earnings History and Estimates for Shoe Carnival (NASDAQ:SCVL)

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