Shoe Carnival (NASDAQ:SCVL) Updates FY20 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.77-2.83 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.74. The company issued revenue guidance of $1.028-1.033 billion, compared to the consensus revenue estimate of $1.03 billion.Shoe Carnival also updated its FY 2019 guidance to $2.77-2.83 EPS.

Shares of NASDAQ:SCVL traded up $4.45 during trading on Thursday, hitting $30.36. The company’s stock had a trading volume of 14,738 shares, compared to its average volume of 308,953. The business has a 50 day moving average price of $25.27 and a two-hundred day moving average price of $30.50. The company has a market capitalization of $368.30 million, a PE ratio of 12.43 and a beta of 1.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.28 and a current ratio of 2.66. Shoe Carnival has a fifty-two week low of $21.47 and a fifty-two week high of $45.00.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.80 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. The business had revenue of $268.22 million during the quarter, compared to the consensus estimate of $268.62 million. Shoe Carnival had a net margin of 3.81% and a return on equity of 12.20%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. As a group, equities analysts expect that Shoe Carnival will post 2.64 earnings per share for the current fiscal year.

Several equities analysts have commented on SCVL shares. ValuEngine upgraded shares of Shoe Carnival from a strong sell rating to a sell rating in a research note on Wednesday. Wedbush set a $32.00 target price on shares of Shoe Carnival and gave the stock a buy rating in a research note on Wednesday, August 21st. Zacks Investment Research downgraded shares of Shoe Carnival from a buy rating to a hold rating in a research note on Wednesday, July 24th. Pivotal Research set a $31.00 target price on shares of Shoe Carnival and gave the stock a buy rating in a research note on Friday, August 23rd. Finally, BidaskClub upgraded shares of Shoe Carnival from a strong sell rating to a sell rating in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $34.00.

About Shoe Carnival

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, scarves, and wallets.

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

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