Analysts expect Shoe Carnival, Inc. (NASDAQ:SCVL) to announce earnings of $0.06 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Shoe Carnival’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.07. Shoe Carnival reported earnings per share of $0.07 during the same quarter last year, which would suggest a negative year over year growth rate of 14.3%. The business is scheduled to issue its next earnings results on Thursday, March 22nd.
On average, analysts expect that Shoe Carnival will report full-year earnings of $1.48 per share for the current fiscal year, with EPS estimates ranging from $1.47 to $1.48. For the next financial year, analysts anticipate that the company will report earnings of $1.65 per share, with EPS estimates ranging from $1.60 to $1.70. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Shoe Carnival.
Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Thursday, November 16th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. Shoe Carnival had a return on equity of 7.81% and a net margin of 2.17%. The company had revenue of $287.47 million during the quarter, compared to analysts’ expectations of $286.90 million.
A number of equities research analysts have recently issued reports on the company. Jefferies Group restated a “hold” rating and set a $20.00 price objective (down previously from $21.00) on shares of Shoe Carnival in a report on Thursday, August 31st. Zacks Investment Research cut Shoe Carnival from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Susquehanna Bancshares boosted their price target on Shoe Carnival from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, August 31st. Wedbush began coverage on Shoe Carnival in a research note on Monday, August 14th. They issued an “outperform” rating and a $21.00 price target for the company. Finally, TheStreet upgraded Shoe Carnival from a “c” rating to a “b-” rating in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $24.63.
In related news, Director Charles B. Tomm purchased 11,190 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was acquired at an average cost of $22.69 per share, for a total transaction of $253,901.10. Following the completion of the purchase, the director now owns 16,948 shares in the company, valued at approximately $384,550.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 28.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in Shoe Carnival by 482.3% during the first quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock valued at $186,000 after purchasing an additional 6,260 shares in the last quarter. California Public Employees Retirement System raised its position in Shoe Carnival by 5.6% during the first quarter. California Public Employees Retirement System now owns 46,800 shares of the company’s stock valued at $1,150,000 after purchasing an additional 2,500 shares in the last quarter. Vanguard Group Inc. raised its position in Shoe Carnival by 4.2% during the first quarter. Vanguard Group Inc. now owns 687,504 shares of the company’s stock valued at $16,893,000 after purchasing an additional 27,447 shares in the last quarter. Geode Capital Management LLC raised its position in Shoe Carnival by 7.5% during the first quarter. Geode Capital Management LLC now owns 225,430 shares of the company’s stock valued at $5,537,000 after purchasing an additional 15,799 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Shoe Carnival by 7.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 93,867 shares of the company’s stock valued at $2,307,000 after purchasing an additional 6,488 shares in the last quarter. Institutional investors and hedge funds own 65.74% of the company’s stock.
Shares of Shoe Carnival (NASDAQ SCVL) opened at $26.06 on Friday. Shoe Carnival has a 1-year low of $15.07 and a 1-year high of $30.75. The stock has a market capitalization of $443.54, a P/E ratio of 17.97, a PEG ratio of 1.47 and a beta of 1.04. The company has a current ratio of 4.16, a quick ratio of 0.43 and a debt-to-equity ratio of 0.09.
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About Shoe Carnival
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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