Steven Madden, Ltd. (NASDAQ:SHOO) Expected to Post Earnings of $0.58 Per Share
Brokerages predict that Steven Madden, Ltd. (NASDAQ:SHOO) will announce earnings per share (EPS) of $0.58 for the current quarter, according to Zacks. Six analysts have issued estimates for Steven Madden’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.61. Steven Madden posted earnings per share of $0.65 in the same quarter last year, which would suggest a negative year over year growth rate of 10.8%. The business is scheduled to report its next quarterly earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that Steven Madden will report full-year earnings of $1.80 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.86. For the next year, analysts expect that the business will report earnings of $1.98 per share, with EPS estimates ranging from $1.90 to $2.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Steven Madden.
Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Tuesday, July 30th. The textile maker reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.05. The firm had revenue of $444.97 million during the quarter, compared to analysts’ expectations of $420.40 million. Steven Madden had a net margin of 8.07% and a return on equity of 19.90%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS.
In other Steven Madden news, CFO Arvind Dharia sold 7,500 shares of Steven Madden stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $36.30, for a total value of $272,250.00. Following the transaction, the chief financial officer now owns 102,107 shares of the company’s stock, valued at $3,706,484.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter Migliorini sold 3,000 shares of Steven Madden stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $36.17, for a total transaction of $108,510.00. Following the completion of the transaction, the director now directly owns 11,204 shares in the company, valued at approximately $405,248.68. The disclosure for this sale can be found here. Insiders own 1.96% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC bought a new position in Steven Madden in the second quarter valued at approximately $12,004,000. SG Americas Securities LLC raised its holdings in shares of Steven Madden by 53.9% in the second quarter. SG Americas Securities LLC now owns 22,648 shares of the textile maker’s stock valued at $769,000 after purchasing an additional 7,929 shares during the last quarter. Aperio Group LLC raised its holdings in shares of Steven Madden by 3.3% in the second quarter. Aperio Group LLC now owns 33,838 shares of the textile maker’s stock valued at $1,149,000 after purchasing an additional 1,071 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Steven Madden by 126.6% in the third quarter. State of Alaska Department of Revenue now owns 60,224 shares of the textile maker’s stock valued at $2,155,000 after purchasing an additional 33,643 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Steven Madden by 32.9% in the second quarter. JPMorgan Chase & Co. now owns 121,422 shares of the textile maker’s stock valued at $4,053,000 after purchasing an additional 30,057 shares during the last quarter. 96.57% of the stock is currently owned by hedge funds and other institutional investors.
SHOO traded up $0.14 during midday trading on Friday, hitting $36.24. The company had a trading volume of 461,529 shares, compared to its average volume of 581,704. The company has a market capitalization of $3.06 billion, a PE ratio of 19.80, a P/E/G ratio of 3.34 and a beta of 0.79. Steven Madden has a twelve month low of $27.88 and a twelve month high of $36.87. The firm’s 50-day simple moving average is $34.84 and its 200-day simple moving average is $33.14.
The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Monday, September 16th. Steven Madden’s payout ratio is currently 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, Report, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, Stevies, Brian Atwood, Blondo, Kate Spade, and Anne Klein brands, as well as private label footwear.
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