Trade Report: Today, Shoe Carnival Inc. (SCVL) Set to Announce Quarterly Earnings on Monday

Today, Shoe Carnival Inc. (SCVL) Set to Announce Quarterly Earnings on Monday

Shoe Carnival Inc. (NASDAQ:SCVL) is scheduled to release its Q316 earnings data 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 interested in registering for the company’s earnings conference call can do so using this link.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings results on Wednesday, August 31st. The company reported $0.22 EPS for the quarter, missing the Zacks’ 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 business earned $231.90 million during the quarter, compared to the consensus estimate of $237.22 million. During the same period in the previous year, the business posted $0.24 EPS. The firm’s revenue 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.

Shoe Carnival Inc. (NASDAQ:SCVL) opened at 31.50 on Friday. The company has a 50 day moving average of $26.81 and a 200-day moving average of $26.13. Shoe Carnival Inc. has a one year low of $19.09 and a one year high of $31.51. The company has a market cap of $592.89 million, a P/E ratio of 21.46 and a beta of 0.90.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Shoe Carnival from a “buy” rating to a “hold” rating in a report on Saturday, October 8th. Susquehanna assumed coverage on shares of Shoe Carnival in a report on Thursday, September 15th. They issued a “neutral” rating and a $27.00 price objective for the company. Finally, Jefferies Group lifted their price objective on shares of Shoe Carnival from $24.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, September 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.00.

Several hedge funds have recently added to or reduced their stakes in SCVL. Rhumbline Advisers boosted its stake in Shoe Carnival by 17.0% in the third quarter. Rhumbline Advisers now owns 22,554 shares of the company’s stock worth $601,000 after buying an additional 3,280 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Shoe Carnival by 6.8% in the third quarter. TIAA CREF Investment Management LLC now owns 60,112 shares of the company’s stock worth $1,603,000 after buying an additional 3,809 shares in the last quarter. Teachers Advisors LLC boosted its stake in Shoe Carnival by 1.5% in the third quarter. Teachers Advisors LLC now owns 37,738 shares of the company’s stock worth $1,006,000 after buying an additional 560 shares in the last quarter. BlackRock Investment Management LLC boosted its stake in Shoe Carnival by 3.4% in the third quarter. BlackRock Investment Management LLC now owns 66,136 shares of the company’s stock worth $1,763,000 after buying an additional 2,172 shares in the last quarter. Finally, BlackRock Advisors LLC boosted its stake in Shoe Carnival by 12.4% in the third quarter. BlackRock Advisors LLC now owns 7,887 shares of the company’s stock worth $210,000 after buying an additional 870 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

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