Shoe Carnival, Inc. (SCVL) Issues FY18 Earnings Guidance
Shoe Carnival, Inc. (NASDAQ:SCVL) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $1.35-1.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.39. The company issued revenue guidance of $1.006-1.019 billion, compared to the consensus revenue estimate of $1.01 billion.
A number of equities research analysts recently weighed in on the stock. Susquehanna Bancshares Inc reaffirmed a hold rating and set a $18.00 price target on shares of Shoe Carnival in a report on Monday. Wedbush assumed coverage on shares of Shoe Carnival in a report on Monday, August 14th. They set an outperform rating and a $21.00 price target for the company. BidaskClub lowered shares of Shoe Carnival from a sell rating to a strong sell rating in a report on Thursday, August 10th. Zacks Investment Research raised shares of Shoe Carnival from a sell rating to a hold rating in a report on Wednesday, July 26th. Finally, Sidoti raised shares of Shoe Carnival from a neutral rating to a buy rating and set a $24.00 price target for the company in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Shoe Carnival has an average rating of Hold and a consensus target price of $22.71.
Shoe Carnival, Inc. (NASDAQ:SCVL) traded up 4.12% during midday trading on Wednesday, reaching $16.42. 453,748 shares of the company were exchanged. The firm has a market cap of $283.36 million, a P/E ratio of 13.96 and a beta of 0.95. Shoe Carnival, Inc. has a one year low of $15.42 and a one year high of $31.79. The firm’s 50-day moving average is $17.82 and its 200-day moving average is $21.88.
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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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