Shoe Carnival (NASDAQ:SCVL) Updates FY 2025 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.600-2.100 for the period. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.3 billion.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th.

Shoe Carnival Trading Down 0.3 %

SCVL stock opened at $22.65 on Thursday. Shoe Carnival has a 1-year low of $18.43 and a 1-year high of $46.92. The firm has a market cap of $615.51 million, a P/E ratio of 8.33 and a beta of 1.51. The business’s 50 day moving average is $25.41 and its 200-day moving average is $33.08.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Thursday, March 20th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12. The company had revenue of $262.90 million for the quarter, compared to analyst estimates of $277.89 million. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. Sell-side analysts forecast that Shoe Carnival will post 2.6 EPS for the current year.

Shoe Carnival Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be given a dividend of $0.15 per share. The ex-dividend date 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 yield of 2.65%. Shoe Carnival’s dividend payout ratio is 19.85%.

Shoe Carnival announced that its board has approved a share buyback program on Thursday, December 12th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 5.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

About Shoe Carnival

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.