Shoe Carnival, Inc. (NASDAQ:SCVL) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.42-$1.49 for the period, compared to the Thomson Reuters consensus estimate of $1.43. The company issued revenue guidance of $1.02-$1.025, compared to the consensus revenue estimate of $1.01 billion.

A number of research analysts recently weighed in on the stock. Jefferies Group LLC restated a hold rating and set a $20.00 price objective (down previously from $21.00) on shares of Shoe Carnival in a research report on Thursday, August 31st. BidaskClub downgraded shares of Shoe Carnival from a sell rating to a strong sell rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of Shoe Carnival from a buy rating to a hold rating in a research report on Tuesday, September 19th. Susquehanna Bancshares Inc increased their price objective on shares of Shoe Carnival from $18.00 to $19.00 and gave the company a neutral rating in a research report on Thursday, August 31st. Finally, Wedbush assumed coverage on shares of Shoe Carnival in a research report on Monday, August 14th. They set an outperform rating and a $21.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Shoe Carnival has a consensus rating of Hold and a consensus target price of $22.57.

Shoe Carnival, Inc. (NASDAQ:SCVL) traded down $0.03 on Thursday, reaching $19.65. 230,500 shares of the company traded hands, compared to its average volume of 180,066. The stock has a market capitalization of $334.95, a PE ratio of 14.80, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. Shoe Carnival, Inc. has a 52 week low of $15.07 and a 52 week high of $31.79. The company has a quick ratio of 0.25, a current ratio of 3.38 and a debt-to-equity ratio of 0.09.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Wednesday, August 30th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The company had revenue of $235.10 million during the quarter, compared to analysts’ expectations of $232.26 million. Shoe Carnival had a net margin of 2.09% and a return on equity of 7.37%. Shoe Carnival’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share. analysts anticipate that Shoe Carnival, Inc. will post 1.45 earnings per share for the current year.

In other Shoe Carnival news, Director Charles B. Tomm acquired 11,190 shares of the company’s stock in a transaction on Friday, September 29th. The stock was acquired at an average cost of $22.69 per share, with a total value of $253,901.10. Following the purchase, the director now directly owns 16,948 shares of the company’s stock, valued at approximately $384,550.12. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 28.50% 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. It also offers online shopping on its e-commerce site at

Earnings History and Estimates for Shoe Carnival (NASDAQ:SCVL)

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