Shoe Carnival, Inc. (SCVL) Updates FY18 Earnings Guidance
Shoe Carnival, Inc. (NASDAQ:SCVL) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.35-1.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39. The company issued revenue guidance of $1.006-1.019 billion, compared to the consensus revenue estimate of $1.01 billion.
Shares of Shoe Carnival, Inc. (NASDAQ SCVL) traded up 4.12% during mid-day trading on Wednesday, hitting $16.42. The stock had a trading volume of 457,948 shares. Shoe Carnival, Inc. has a 12-month low of $15.42 and a 12-month high of $31.79. The stock has a market cap of $283.36 million, a price-to-earnings ratio of 13.96 and a beta of 0.95. The firm’s 50-day moving average price is $17.82 and its 200 day moving average price is $21.88.
Several equities analysts have commented on the stock. Susquehanna Bancshares Inc reissued a hold rating and set a $18.00 target price on shares of Shoe Carnival in a research report on Monday. Wedbush assumed coverage on shares of Shoe Carnival in a research note on Monday, August 14th. They set an outperform rating and a $21.00 price target for the company. BidaskClub lowered shares of Shoe Carnival from a sell rating to a strong sell rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Shoe Carnival from a sell rating to a hold rating in a research note on Wednesday, July 26th. Finally, Sidoti upgraded shares of Shoe Carnival from a neutral rating to a buy rating and set a $24.00 price target for the company in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $22.71.
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Shoe Carnival Company Profile
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. It also offers online shopping on its e-commerce site at www.shoecarnival.com.
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