Analysts Are Pretty Bullish … Steven Madden (NASDAQ:SHOO)

Earnings results for Steven Madden (NASDAQ:SHOO)

Steven Madden, Ltd. is expected* to report earnings on 10/27/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.24. The reported EPS for the same quarter last year was $0.67.

Steven Madden last released its earnings results on July 29th, 2020. The textile maker reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.08. The business earned $142.80 million during the quarter, compared to analyst estimates of $181.48 million. Its revenue was down 67.9% compared to the same quarter last year. Steven Madden has generated $1.95 earnings per share over the last year and currently has a price-to-earnings ratio of 56.5. Steven Madden has confirmed that its next quarterly earnings report will be published on Tuesday, October 27th, 2020.

Analyst Opinion on Steven Madden (NASDAQ:SHOO)

10 Wall Street analysts have issued ratings and price targets for Steven Madden in the last 12 months. Their average twelve-month price target is $23.22, predicting that the stock has a possible upside of 0.31%. The high price target for SHOO is $29.00 and the low price target for SHOO is $18.00. There are currently 1 sell rating, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Steven Madden has received a consensus rating of Hold. The company’s average rating score is 2.10, and is based on 2 buy ratings, 7 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $23.22, Steven Madden has a forecasted upside of 0.3% from its current price of $23.15. Steven Madden has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Steven Madden (NASDAQ:SHOO)

Steven Madden does not currently pay a dividend. Steven Madden does not have a long track record of dividend growth.

Insiders buying/selling: Steven Madden (NASDAQ:SHOO)

In the past three months, Steven Madden insiders have not sold or bought any company stock. Only 1.90% of the stock of Steven Madden is held by insiders. 93.09% of the stock of Steven Madden is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Steven Madden (NASDAQ:SHOO

Earnings for Steven Madden are expected to grow by 274.36% in the coming year, from $0.39 to $1.46 per share. The P/E ratio of Steven Madden is 56.46, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.34. The P/E ratio of Steven Madden is 56.46, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 55.58. Steven Madden has a P/B Ratio of 2.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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