Shoe Carnival (NASDAQ:SCVL) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Shoe Carnival (NASDAQ:SCVL) announced its earnings results on Wednesday. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.03, Briefing.com reports. The company had revenue of $239.88 million during the quarter, compared to the consensus estimate of $237.97 million. Shoe Carnival had a net margin of 3.96% and a return on equity of 12.96%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 earnings per share.
NASDAQ SCVL opened at $20.01 on Thursday. Shoe Carnival has a 52-week low of $12.56 and a 52-week high of $40.00. The company has a 50-day simple moving average of $28.75 and a 200 day simple moving average of $33.65. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.36 and a current ratio of 2.64. The company has a market capitalization of $284.86 million, a PE ratio of 7.30 and a beta of 0.93.
In related news, Director Kent A. Kleeberger sold 1,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $36.96, for a total transaction of $59,875.20. Following the completion of the sale, the director now owns 13,434 shares in the company, valued at $496,520.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.60% of the company’s stock.
Shoe Carnival Company Profile
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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