Shoe Carnival, Inc. Forecasted to Earn Q1 2025 Earnings of $0.60 Per Share (NASDAQ:SCVL)

Shoe Carnival, Inc. (NASDAQ:SCVLFree Report) – Equities research analysts at Seaport Res Ptn issued their Q1 2025 earnings per share estimates for Shoe Carnival in a report issued on Thursday, March 21st. Seaport Res Ptn analyst M. Kummetz anticipates that the company will post earnings of $0.60 per share for the quarter. The consensus estimate for Shoe Carnival’s current full-year earnings is $2.65 per share. Seaport Res Ptn also issued estimates for Shoe Carnival’s Q2 2025 earnings at $0.81 EPS, Q3 2025 earnings at $0.74 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $2.65 EPS, FY2026 earnings at $3.00 EPS and FY2027 earnings at $3.34 EPS.

Several other research firms have also recently commented on SCVL. Monness Crespi & Hardt cut Shoe Carnival from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 19th. Williams Trading upgraded Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Friday.

Read Our Latest Analysis on Shoe Carnival

Shoe Carnival Price Performance

Shoe Carnival stock opened at $35.52 on Monday. Shoe Carnival has a 12 month low of $19.24 and a 12 month high of $37.08. The business has a 50 day simple moving average of $29.61 and a 200-day simple moving average of $26.64. The stock has a market capitalization of $963.73 million, a PE ratio of 13.25 and a beta of 1.54.

Shoe Carnival (NASDAQ:SCVLGet Free Report) last released its quarterly earnings results on Thursday, March 21st. The company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. Shoe Carnival had a return on equity of 13.17% and a net margin of 6.24%. The business had revenue of $280.20 million during the quarter, compared to analysts’ expectations of $280.30 million. During the same quarter in the prior year, the business earned $0.79 earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year.

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be issued a $0.135 dividend. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, April 5th. This represents a $0.54 annualized dividend and a yield of 1.52%. Shoe Carnival’s dividend payout ratio is 20.15%.

Institutional Trading of Shoe Carnival

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC raised its position in shares of Shoe Carnival by 0.4% in the fourth quarter. Nuveen Asset Management LLC now owns 101,337 shares of the company’s stock valued at $3,061,000 after buying an additional 361 shares during the last quarter. Comerica Bank raised its position in shares of Shoe Carnival by 2.3% in the fourth quarter. Comerica Bank now owns 25,031 shares of the company’s stock valued at $756,000 after buying an additional 552 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Shoe Carnival by 4.0% in the first quarter. Great West Life Assurance Co. Can now owns 15,494 shares of the company’s stock valued at $463,000 after purchasing an additional 592 shares during the period. Point72 Hong Kong Ltd grew its holdings in Shoe Carnival by 14.8% in the second quarter. Point72 Hong Kong Ltd now owns 4,661 shares of the company’s stock valued at $101,000 after purchasing an additional 602 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Shoe Carnival by 1.0% in the second quarter. Russell Investments Group Ltd. now owns 65,767 shares of the company’s stock valued at $1,544,000 after purchasing an additional 666 shares during the period. Hedge funds and other institutional investors own 66.05% of the company’s stock.

About Shoe Carnival

(Get Free Report)

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 sells its products through online shopping at shoecarnival.com, as well as through mobile application.

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Earnings History and Estimates for Shoe Carnival (NASDAQ:SCVL)

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