Shoe Carnival (NASDAQ:SCVL) issued an update on its FY20 earnings guidance on Thursday morning. The company provided EPS guidance of $2.85-2.89 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.80. The company issued revenue guidance of $1.033-1.036 billion, compared to the consensus revenue estimate of $1.03 billion.

Shares of NASDAQ SCVL traded up $1.33 during midday trading on Thursday, reaching $37.15. The company had a trading volume of 572,200 shares, compared to its average volume of 367,221. The business’s 50-day simple moving average is $34.16 and its 200 day simple moving average is $29.70. The stock has a market cap of $537.28 million, a P/E ratio of 15.16 and a beta of 0.79. Shoe Carnival has a 1 year low of $21.47 and a 1 year high of $41.84. The company has a current ratio of 2.21, a quick ratio of 0.29 and a debt-to-equity ratio of 0.66.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.80 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.80. The business had revenue of $268.22 million during the quarter, compared to analysts’ expectations of $268.62 million. Shoe Carnival had a net margin of 3.81% and a return on equity of 12.32%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.76 earnings per share. Analysts predict that Shoe Carnival will post 2.67 earnings per share for the current year.

Several research analysts recently issued reports on the stock. ValuEngine raised shares of Shoe Carnival from a hold rating to a buy rating in a report on Monday, November 11th. Zacks Investment Research raised shares of Shoe Carnival from a hold rating to a buy rating and set a $41.00 target price for the company in a report on Friday, November 15th. Susquehanna Bancshares set a $37.00 target price on shares of Shoe Carnival and gave the stock a buy rating in a report on Tuesday, October 8th. BidaskClub raised shares of Shoe Carnival from a hold rating to a buy rating in a report on Saturday, October 19th. Finally, Pivotal Research reissued a buy rating and set a $42.00 target price on shares of Shoe Carnival in a report on Monday. Eight research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus price target of $40.50.

In other Shoe Carnival news, Director Kent A. Kleeberger sold 1,090 shares of Shoe Carnival stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $28.68, for a total value of $31,261.20. Following the completion of the transaction, the director now owns 15,054 shares of the company’s stock, valued at $431,748.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles B. Tomm sold 8,000 shares of Shoe Carnival stock in a transaction on Friday, September 6th. The shares were sold at an average price of $29.49, for a total transaction of $235,920.00. Following the completion of the transaction, the director now directly owns 13,039 shares of the company’s stock, valued at approximately $384,520.11. The disclosure for this sale can be found here. 23.60% of the stock is currently owned by insiders.

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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