Shoe Carnival (NASDAQ:SCVL) Updates FY 2025 Earnings Guidance

Key Points

• Shoe Carnival updated its FY 2025 earnings guidance to an expected earnings per share of 1.700-2.10, slightly below the consensus estimate of 1.750.
• The company reported a net margin of 5.58% and a return on equity of 10.43% in its recent quarterly earnings, despite a 7.9% year-over-year revenue decline.
• Shoe Carnival's stock rose 14.7% following the earnings update, with a current market cap of $675.05 million.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.700-2.10 for the period, compared to the consensus earnings per share estimate of 1.750. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

Shoe Carnival Stock Up 14.7%

SCVL stock opened at $24.69 on Thursday. The company's 50-day moving average price is $20.97 and its two-hundred day moving average price is $20.39. Shoe Carnival has a 12 month low of $16.14 and a 12 month high of $46.92. The firm has a market cap of $675.05 million, a P/E ratio of 10.26 and a beta of 1.35.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.09. Shoe Carnival had a net margin of 5.58% and a return on equity of 10.43%. During the same period in the prior year, the company posted $0.83 EPS. The company's quarterly revenue was down 7.9% on a year-over-year basis. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. Equities analysts predict that Shoe Carnival will post 2.6 EPS for the current year.

Shoe Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were paid a $0.15 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.4%. Shoe Carnival's payout ratio is currently 25.10%.

Analyst Upgrades and Downgrades

SCVL has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Shoe Carnival from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. Seaport Res Ptn downgraded shares of Shoe Carnival from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, Zacks Research cut shares of Shoe Carnival from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce".

Institutional Trading of Shoe Carnival

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Shoe Carnival during the second quarter valued at $146,000. Rafferty Asset Management LLC bought a new stake in Shoe Carnival in the 2nd quarter worth about $188,000. Cerity Partners LLC bought a new stake in Shoe Carnival in the 2nd quarter worth about $192,000. CANADA LIFE ASSURANCE Co increased its holdings in Shoe Carnival by 20.1% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 15,959 shares of the company's stock worth $298,000 after buying an additional 2,673 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Shoe Carnival by 24.8% during the 2nd quarter. Quantinno Capital Management LP now owns 16,476 shares of the company's stock valued at $308,000 after purchasing an additional 3,276 shares during the period. Hedge funds and other institutional investors own 66.05% of the company's stock.

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.

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