Shoe Carnival (SCVL) Set to Announce Earnings on Thursday

Shoe Carnival (NASDAQ:SCVL) will announce its earnings results before the market opens on Thursday, November 21st. Analysts expect the company to announce earnings of $0.70 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. Shoe Carnival had a return on equity of 13.26% and a net margin of 6.26%. The business had revenue of $332.70 million during the quarter, compared to analysts’ expectations of $331.45 million. During the same period last year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, analysts expect Shoe Carnival to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shoe Carnival Price Performance

Shares of NASDAQ SCVL opened at $34.82 on Tuesday. The firm has a market cap of $946.20 million, a price-to-earnings ratio of 12.35 and a beta of 1.56. The stock’s fifty day moving average price is $39.29 and its two-hundred day moving average price is $38.74. Shoe Carnival has a one year low of $22.75 and a one year high of $46.92.

Shoe Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were paid a $0.135 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.54 annualized dividend and a dividend yield of 1.55%. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.15%.

Analysts Set New Price Targets

Separately, Williams Trading boosted their price objective on shares of Shoe Carnival from $42.00 to $51.00 and gave the company a “buy” rating in a report 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.