Q3 2024 EPS Estimates for Shoe Carnival, Inc. (NASDAQ:SCVL) Boosted by Seaport Res Ptn

Shoe Carnival, Inc. (NASDAQ:SCVL) – Investment analysts at Seaport Res Ptn increased their Q3 2024 EPS estimates for shares of Shoe Carnival in a research note issued on Tuesday, August 29th. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will post earnings per share of $1.02 for the quarter, up from their previous forecast of $0.89. The consensus estimate for Shoe Carnival’s current full-year earnings is $3.03 per share. Seaport Res Ptn also issued estimates for Shoe Carnival’s Q4 2024 earnings at $0.84 EPS, FY2024 earnings at $3.17 EPS, FY2025 earnings at $3.40 EPS and FY2026 earnings at $3.72 EPS.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Tuesday, August 29th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.10). The company had revenue of $294.62 million for the quarter, compared to analyst estimates of $286.89 million. Shoe Carnival had a return on equity of 19.43% and a net margin of 8.13%. During the same period in the prior year, the business earned $1.04 earnings per share.

Separately, StockNews.com assumed coverage on shares of Shoe Carnival in a report on Thursday, August 17th. They set a “hold” rating for the company.

Shoe Carnival Price Performance

Shares of SCVL stock opened at $23.20 on Friday. The firm has a market cap of $634.29 million, a P/E ratio of 6.43 and a beta of 1.47. Shoe Carnival has a 1-year low of $19.24 and a 1-year high of $29.47. The firm has a fifty day moving average of $24.15 and a two-hundred day moving average of $24.08.

Shoe Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 19th. Stockholders of record on Wednesday, July 5th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.72%. Shoe Carnival’s payout ratio is currently 11.08%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Keeley Teton Advisors LLC bought a new position in shares of Shoe Carnival in the 4th quarter worth about $4,309,000. Russell Investments Group Ltd. lifted its position in shares of Shoe Carnival by 79.9% in the 1st quarter. Russell Investments Group Ltd. now owns 65,101 shares of the company’s stock worth $1,670,000 after buying an additional 28,911 shares during the last quarter. Jump Financial LLC bought a new position in shares of Shoe Carnival in the 1st quarter worth about $1,451,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Shoe Carnival by 52.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,560 shares of the company’s stock worth $61,000 after buying an additional 876 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of Shoe Carnival in the 4th quarter worth about $219,000. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Company Profile

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also sells its products through online shopping at shoecarnival.com, as well as through mobile application.