Shoe Carnival (NASDAQ:SCVL) Releases Earnings Results

Shoe Carnival (NASDAQ:SCVL) announced its quarterly earnings data on Thursday. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03, Briefing.com reports. The company had revenue of $332.70 million for the quarter, compared to analyst estimates of $331.45 million. Shoe Carnival had a return on equity of 13.02% and a net margin of 6.20%. Shoe Carnival’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS.

Shoe Carnival Price Performance

Shoe Carnival stock opened at $40.17 on Friday. The business has a 50 day simple moving average of $40.04 and a 200 day simple moving average of $36.55. The company has a market capitalization of $1.09 billion, a PE ratio of 14.82 and a beta of 1.53. Shoe Carnival has a one year low of $20.75 and a one year high of $44.48.

Shoe Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were issued a $0.135 dividend. The ex-dividend date was Monday, July 8th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.34%. Shoe Carnival’s payout ratio is presently 19.93%.

Wall Street Analysts Forecast Growth

Separately, Williams Trading lifted their price target on shares of Shoe Carnival from $42.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th.

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.