Shoe Carnival Inc. (SCVL) Set to Announce Earnings on Monday
Shoe Carnival Inc. (NASDAQ:SCVL) will post its Q316 quarterly earnings results on Monday, November 28th. Analysts expect Shoe Carnival to post earnings of $0.56 per share and revenue of $278.33 million for the quarter. Shoe Carnival has set its FY17 guidance at $1.58-1.65 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Wednesday, August 31st. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.05. Shoe Carnival had a net margin of 2.84% and a return on equity of 8.33%. The firm earned $231.90 million during the quarter, compared to analysts’ expectations of $237.22 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts expect Shoe Carnival to post $1.61 EPS for the current fiscal year and $1.84 EPS for the next fiscal year.
Shares of Shoe Carnival Inc. (NASDAQ:SCVL) opened at 31.50 on Thursday. The stock has a 50 day moving average price of $26.81 and a 200 day moving average price of $26.13. Shoe Carnival Inc. has a 12-month low of $19.09 and a 12-month high of $31.51. The stock has a market capitalization of $592.89 million, a P/E ratio of 21.46 and a beta of 0.90.
SCVL has been the topic of several research reports. Zacks Investment Research raised Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Tuesday, August 23rd. Jefferies Group raised their price objective on Shoe Carnival from $24.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, September 1st. Finally, Susquehanna started coverage on Shoe Carnival in a research report on Thursday, September 15th. They issued a “neutral” rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Shoe Carnival currently has a consensus rating of “Hold” and an average target price of $28.00.
Several hedge funds have recently made changes to their positions in SCVL. Northern Trust Corp increased its stake in shares of Shoe Carnival by 1.3% in the third quarter. Northern Trust Corp now owns 557,079 shares of the company’s stock valued at $14,852,000 after buying an additional 7,419 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Shoe Carnival by 1.0% in the second quarter. Vanguard Group Inc. now owns 538,388 shares of the company’s stock valued at $13,492,000 after buying an additional 5,553 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Shoe Carnival by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 372,567 shares of the company’s stock valued at $9,933,000 after buying an additional 1,074 shares in the last quarter. State Street Corp increased its stake in shares of Shoe Carnival by 1.7% in the second quarter. State Street Corp now owns 295,703 shares of the company’s stock valued at $7,410,000 after buying an additional 4,851 shares in the last quarter. Finally, Allianz Asset Management AG increased its stake in shares of Shoe Carnival by 3.3% in the second quarter. Allianz Asset Management AG now owns 194,681 shares of the company’s stock valued at $4,879,000 after buying an additional 6,295 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.
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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. The Company’s products assortment includes dress and casual shoes, sandals, boots and an assortment of athletic footwear for men, women and children.
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