Shoe Carnival (NASDAQ:SCVL) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Shoe Carnival (NASDAQ:SCVL) issued its quarterly earnings results on Thursday. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03, Briefing.com reports. Shoe Carnival had a return on equity of 13.02% and a net margin of 6.20%. The firm had revenue of $332.70 million for the quarter, compared to analysts’ expectations of $331.45 million. During the same period in the previous year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year.

Shoe Carnival Stock Down 1.1 %

Shares of SCVL opened at $40.17 on Friday. Shoe Carnival has a twelve month low of $20.75 and a twelve month high of $44.48. The company has a market capitalization of $1.09 billion, a P/E ratio of 14.82 and a beta of 1.53. The firm has a 50 day moving average of $40.04 and a 200 day moving average of $36.55.

Shoe Carnival Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.