Shoe Carnival (NASDAQ:SCVL) Releases FY 2024 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.600-2.750 for the period, compared to the consensus earnings per share estimate of 2.740. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion. Shoe Carnival also updated its Q3 2024 guidance to 0.700-0.700 EPS.

Shoe Carnival Stock Down 1.4 %

NASDAQ:SCVL opened at $37.55 on Thursday. Shoe Carnival has a twelve month low of $20.75 and a twelve month high of $44.48. The stock’s 50-day simple moving average is $39.90 and its 200 day simple moving average is $36.46. The firm has a market capitalization of $1.02 billion, a PE ratio of 13.86 and a beta of 1.53.

Shoe Carnival Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.44%. Shoe Carnival’s payout ratio is presently 19.93%.

Wall Street Analysts Forecast Growth

Separately, Williams Trading upped their target price on Shoe Carnival from $42.00 to $51.00 and gave the stock a buy rating in a report on Thursday, August 29th.

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.