Shoe Carnival FY2027 EPS Estimate Lowered by Seaport Res Ptn

Key Points

• Seaport Res Ptn has lowered its FY2027 earnings estimate for Shoe Carnival to $1.46 per share, down from the previous estimate of $1.60, while maintaining a "Hold" rating on the stock.
• Shoe Carnival reported a net margin of 5.58% and a revenue decline of 7.6% year-over-year, with quarterly earnings of $0.34 per share, exceeding the consensus estimate of $0.30.
• The company recently declared a quarterly dividend of $0.15, resulting in an annualized yield of 2.8%, and has a payout ratio of 25.10%.

Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) - Analysts at Seaport Res Ptn dropped their FY2027 earnings estimates for Shoe Carnival in a report issued on Tuesday, August 26th. Seaport Res Ptn analyst M. Kummetz now expects that the company will post earnings of $1.46 per share for the year, down from their previous forecast of $1.60. Seaport Res Ptn has a "Hold" rating on the stock. The consensus estimate for Shoe Carnival's current full-year earnings is $2.60 per share.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its earnings results on Friday, May 30th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $277.72 million for the quarter, compared to analyst estimates of $285.16 million. Shoe Carnival had a net margin of 5.58% and a return on equity of 10.43%. Shoe Carnival's revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 earnings per share. Shoe Carnival has set its FY 2025 guidance at 1.600-2.10 EPS.

Shoe Carnival Stock Down 4.7%

SCVL stock opened at $21.30 on Wednesday. The firm has a market cap of $582.34 million, a price-to-earnings ratio of 8.91 and a beta of 1.46. Shoe Carnival has a 12-month low of $16.14 and a 12-month high of $46.92. The company's fifty day simple moving average is $20.72 and its 200 day simple moving average is $20.51.

Hedge Funds Weigh In On Shoe Carnival

Hedge funds and other institutional investors have recently bought and sold shares of the company. NBC Securities Inc. lifted its holdings in Shoe Carnival by 145,700.0% in the first quarter. NBC Securities Inc. now owns 1,458 shares of the company's stock valued at $32,000 after buying an additional 1,457 shares during the period. Versant Capital Management Inc bought a new stake in Shoe Carnival in the first quarter valued at $33,000. First Horizon Advisors Inc. increased its stake in Shoe Carnival by 33.8% in the second quarter. First Horizon Advisors Inc. now owns 1,923 shares of the company's stock valued at $36,000 after purchasing an additional 486 shares in the last quarter. GAMMA Investing LLC increased its stake in Shoe Carnival by 404.0% in the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock valued at $55,000 after purchasing an additional 2,012 shares in the last quarter. Finally, CWM LLC increased its stake in Shoe Carnival by 188.3% in the first quarter. CWM LLC now owns 3,883 shares of the company's stock valued at $85,000 after purchasing an additional 2,536 shares in the last quarter. Institutional investors and hedge funds own 66.05% of the company's stock.

Shoe Carnival Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were issued a $0.15 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.60 annualized dividend and a yield of 2.8%. Shoe Carnival's payout ratio is presently 25.10%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.