Wall Street analysts predict that Steven Madden, Ltd. (NASDAQ:SHOO) will post $0.42 earnings per share for the current quarter, according to Zacks. Six analysts have provided estimates for Steven Madden’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.41. Steven Madden reported earnings per share of $0.41 during the same quarter last year, which would suggest a positive year over year growth rate of 2.4%. The company is scheduled to report its next earnings report on Tuesday, July 30th.

On average, analysts expect that Steven Madden will report full year earnings of $1.84 per share for the current year, with EPS estimates ranging from $1.81 to $1.86. For the next fiscal year, analysts expect that the business will report earnings of $2.05 per share, with EPS estimates ranging from $2.00 to $2.17. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover Steven Madden.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.05. Steven Madden had a net margin of 8.06% and a return on equity of 19.36%. The company had revenue of $410.90 million during the quarter, compared to analysts’ expectations of $404.31 million. During the same quarter last year, the company posted $0.54 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year.

Several equities research analysts recently commented on SHOO shares. BidaskClub upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Telsey Advisory Group lowered shares of Steven Madden from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $40.00 to $37.00 in a research note on Thursday, January 31st. ValuEngine upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. B. Riley reiterated a “buy” rating and set a $38.00 price target on shares of Steven Madden in a research note on Monday, February 25th. Finally, Loop Capital lifted their price target on shares of Steven Madden to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, February 19th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $35.93.

In related news, Director Rose Peabody Lynch sold 2,760 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $35.83, for a total transaction of $98,890.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Paradise sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $35.99, for a total transaction of $71,980.00. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its holdings in Steven Madden by 1,100.0% during the first quarter. Quadrant Capital Group LLC now owns 804 shares of the textile maker’s stock worth $26,000 after buying an additional 737 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Steven Madden by 61.6% during the fourth quarter. Advisors Asset Management Inc. now owns 832 shares of the textile maker’s stock worth $25,000 after buying an additional 317 shares in the last quarter. Resources Investment Advisors Inc. boosted its holdings in Steven Madden by 50.0% during the fourth quarter. Resources Investment Advisors Inc. now owns 885 shares of the textile maker’s stock worth $27,000 after buying an additional 295 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Steven Madden by 41.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,292 shares of the textile maker’s stock worth $39,000 after buying an additional 378 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new stake in Steven Madden during the fourth quarter worth about $42,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:SHOO opened at $35.24 on Friday. Steven Madden has a 12 month low of $27.88 and a 12 month high of $39.30. The firm has a market cap of $3.15 billion, a P/E ratio of 19.26, a P/E/G ratio of 2.22 and a beta of 0.60.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Monday, June 17th. Steven Madden’s payout ratio is 30.60%.

Steven Madden Company Profile

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, Kate Spade, and Avec Les Filles brands, as well as private label footwear.

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Earnings History and Estimates for Steven Madden (NASDAQ:SHOO)

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