Earnings and Growth Analysis : Shoe Carnival Stock Forecast, Price & News (NASDAQ:SCVL)

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Earnings results for Shoe Carnival Stock Forecast, Price & News (NASDAQ:SCVL)

Shoe Carnival, Inc. is expected* to report earnings on 09/01/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.57. The reported EPS for the same quarter last year was $0.8.

Analyst Opinion on Shoe Carnival Stock Forecast, Price & News (NASDAQ:SCVL)

4 Wall Street analysts have issued ratings and price targets for Shoe Carnival in the last 12 months. Their average twelve-month price target is $37.00, predicting that the stock has a possible upside of 12.53%. The high price target for SCVL is $42.00 and the low price target for SCVL is $31.00. There are currently 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Shoe Carnival has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $37.00, Shoe Carnival has a forecasted upside of 12.5% from its current price of $32.88. Shoe Carnival has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Shoe Carnival Stock Forecast, Price & News (NASDAQ:SCVL)

Shoe Carnival has a dividend yield of 1.16%, which is in the bottom 25% of all stocks that pay dividends. Shoe Carnival has been increasing its dividend for 5 years. The dividend payout ratio of Shoe Carnival is 12.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Shoe Carnival will have a dividend payout ratio of 11.80% next year. This indicates that Shoe Carnival will be able to sustain or increase its dividend.

Insiders buying/selling: Shoe Carnival Stock Forecast, Price & News (NASDAQ:SCVL)

In the past three months, Shoe Carnival insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $44,415.00 in company stock. Only 27.50% of the stock of Shoe Carnival is held by insiders. 76.75% of the stock of Shoe Carnival is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Shoe Carnival Stock Forecast, Price & News (NASDAQ:SCVL

Earnings for Shoe Carnival are expected to grow by 369.23% in the coming year, from $0.65 to $3.05 per share. The P/E ratio of Shoe Carnival is 40.10, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.09. The P/E ratio of Shoe Carnival is 40.10, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 32.77. Shoe Carnival has a P/B Ratio of 1.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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