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

Shoe Carnival (NASDAQ:SCVL) posted its quarterly earnings results on Thursday. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $262.90 million for the quarter, compared to the consensus estimate of $277.89 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The business’s revenue was down 6.2% compared to the same quarter last year. Shoe Carnival updated its FY 2025 guidance to 1.600-2.100 EPS.

Shoe Carnival Stock Performance

Shares of NASDAQ SCVL traded up $0.22 during midday trading on Thursday, reaching $22.87. 256,947 shares of the company traded hands, compared to its average volume of 320,914. Shoe Carnival has a 12 month low of $18.43 and a 12 month high of $46.92. The stock’s 50-day simple moving average is $25.41 and its 200-day simple moving average is $33.08. The firm has a market cap of $621.49 million, a PE ratio of 8.39 and a beta of 1.51.

Shoe Carnival Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be paid a $0.15 dividend. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, April 7th. This represents a $0.60 annualized dividend and a yield of 2.62%. Shoe Carnival’s payout ratio is currently 19.85%.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research note 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.