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Brokerages Anticipate Shoe Carnival, Inc. (SCVL) to Announce $0.53 EPS

Brokerages expect Shoe Carnival, Inc. (NASDAQ:SCVL) to report earnings of $0.53 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Shoe Carnival’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.56. Shoe Carnival reported earnings per share of $0.56 during the same quarter last year, which indicates a negative year-over-year growth rate of 5.4%. The company is scheduled to announce its next earnings report after the market closes on Thursday, May 25th.

On average, analysts expect that Shoe Carnival will report full year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.40 to $1.46. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.58 per share, with EPS estimates ranging from $1.45 to $1.70. Zacks’ EPS averages are an average based on a survey of analysts that cover Shoe Carnival.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Thursday, March 23rd. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The business had revenue of $234.20 million during the quarter, compared to the consensus estimate of $234.89 million. Shoe Carnival had a return on equity of 8.51% and a net margin of 2.86%. Shoe Carnival’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS.

A number of brokerages have weighed in on SCVL. B. Riley reaffirmed a “neutral” rating and issued a $26.00 target price on shares of Shoe Carnival in a report on Wednesday, May 3rd. Zacks Investment Research downgraded Shoe Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, March 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $26.00 target price on shares of Shoe Carnival in a report on Friday, March 24th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $24.00 target price on shares of Shoe Carnival in a report on Monday, March 27th. Finally, Johnson Rice downgraded Shoe Carnival from a “buy” rating to an “accumulate” rating in a report on Friday, March 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $26.29.

Shoe Carnival (NASDAQ:SCVL) traded down 5.08% during trading on Tuesday, hitting $21.68. The company had a trading volume of 224,284 shares. The company has a market capitalization of $383.56 million, a price-to-earnings ratio of 16.96 and a beta of 0.90. The stock has a 50-day moving average of $24.36 and a 200 day moving average of $26.06. Shoe Carnival has a one year low of $21.16 and a one year high of $31.79.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 24th. Shareholders of record on Monday, April 10th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, April 6th. Shoe Carnival’s dividend payout ratio is presently 18.30%.

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Several large investors have recently modified their holdings of SCVL. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Shoe Carnival by 5.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,059 shares of the company’s stock worth $100,000 after buying an additional 200 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of Shoe Carnival by 859.2% in the third quarter. Acrospire Investment Management LLC now owns 6,350 shares of the company’s stock worth $169,000 after buying an additional 5,688 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Shoe Carnival by 482.3% in the first quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $186,000 after buying an additional 6,260 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Shoe Carnival during the third quarter worth approximately $205,000. Finally, State of Tennessee Treasury Department purchased a new position in shares of Shoe Carnival during the third quarter worth approximately $307,000. 68.46% of the stock is currently owned by hedge funds and other institutional investors.

Shoe Carnival Company Profile

Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. It also offers online shopping on its e-commerce site at www.shoecarnival.com.

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