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

Shoe Carnival (NASDAQ:SCVL) announced its quarterly earnings results on Thursday. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.12, Zacks reports. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The company had revenue of $262.90 million for the quarter, compared to analysts’ expectations of $277.89 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. Shoe Carnival’s quarterly revenue was down 6.2% on a year-over-year basis. Shoe Carnival updated its FY 2025 guidance to 1.600-2.100 EPS.

Shoe Carnival Stock Down 4.1 %

Shares of SCVL opened at $21.52 on Friday. Shoe Carnival has a 52-week low of $20.51 and a 52-week high of $46.92. The company has a market cap of $584.81 million, a PE ratio of 7.91 and a beta of 1.51. The business has a fifty day moving average of $25.07 and a 200 day moving average of $32.87.

Shoe Carnival Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be issued a $0.15 dividend. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, April 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.79%. Shoe Carnival’s payout ratio is 19.85%.

Shoe Carnival announced that its board has authorized a stock buyback plan on Thursday, December 12th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

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

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.