Shoe Carnival (NASDAQ:SCVL) Posts Quarterly Earnings Results

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

Shoe Carnival Trading Down 2.7 %

Shares of NASDAQ:SCVL traded down $0.62 during midday trading on Thursday, hitting $22.04. 276,491 shares of the stock were exchanged, compared to its average volume of 321,063. The company has a 50 day moving average price of $25.41 and a 200-day moving average price of $33.08. Shoe Carnival has a twelve month low of $18.43 and a twelve month high of $46.92. The stock has a market cap of $598.80 million, a P/E ratio of 8.14 and a beta of 1.51.

Shoe Carnival Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Monday, April 7th. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.14. Shoe Carnival’s payout ratio is 19.85%.

Wall Street Analysts Forecast Growth

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

Shoe Carnival declared that its board has initiated a stock repurchase program on Thursday, December 12th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.