$0.93 EPS Expected for Steven Madden, Ltd. (SHOO) This Quarter
Equities analysts expect Steven Madden, Ltd. (NASDAQ:SHOO) to announce earnings per share (EPS) of $0.93 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Steven Madden’s earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $0.98. Steven Madden reported earnings of $0.77 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.8%. The firm is scheduled to report its next earnings results on Tuesday, October 30th.
On average, analysts expect that Steven Madden will report full year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.66 to $2.73. For the next financial year, analysts anticipate that the firm will post earnings of $2.97 per share, with EPS estimates ranging from $2.89 to $3.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Steven Madden.
Steven Madden (NASDAQ:SHOO) last announced its earnings results on Tuesday, July 31st. The textile maker reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. Steven Madden had a return on equity of 17.01% and a net margin of 8.17%. The company had revenue of $395.80 million for the quarter, compared to analysts’ expectations of $390.57 million. During the same period last year, the firm earned $0.51 EPS. Steven Madden’s revenue for the quarter was up 5.8% compared to the same quarter last year.
In other Steven Madden news, Director Rose Peabody Lynch sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $57.27, for a total transaction of $143,175.00. Following the sale, the director now directly owns 7,103 shares of the company’s stock, valued at $406,788.81. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Awadhesh K. Sinha sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $57.50, for a total value of $230,000.00. Following the sale, the chief operating officer now directly owns 57,845 shares in the company, valued at $3,326,087.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,500 shares of company stock worth $771,405. Insiders own 1.77% of the company’s stock.
Large investors have recently bought and sold shares of the business. NumerixS Investment Technologies Inc raised its holdings in Steven Madden by 81.8% during the second quarter. NumerixS Investment Technologies Inc now owns 2,000 shares of the textile maker’s stock valued at $108,000 after acquiring an additional 900 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Steven Madden during the second quarter valued at about $113,000. WINTON GROUP Ltd bought a new stake in Steven Madden during the second quarter valued at about $213,000. CIBC Asset Management Inc bought a new stake in Steven Madden during the second quarter valued at about $226,000. Finally, Strs Ohio raised its holdings in Steven Madden by 27.0% during the second quarter. Strs Ohio now owns 4,700 shares of the textile maker’s stock valued at $249,000 after acquiring an additional 1,000 shares during the period. 95.88% of the stock is currently owned by institutional investors and hedge funds.
Steven Madden stock traded down $0.45 during trading on Friday, reaching $53.80. The company had a trading volume of 870,800 shares, compared to its average volume of 431,981. Steven Madden has a 52 week low of $37.25 and a 52 week high of $58.95. The stock has a market cap of $3.19 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.91 and a beta of 0.51.
Shares of Steven Madden are going to split on Friday, October 12th. The 3-2 split was announced on Monday, September 17th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, October 11th.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Tuesday, September 18th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 1.49%. Steven Madden’s dividend payout ratio is presently 35.71%.
About Steven Madden
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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