Shoe Carnival (SCVL) Surges 11% On Earnings Beat

Shoe Carnival Inc. (SCVL) shares are up $2.68, or 11.07%, to $26.90 in after-hours trading Wednesday following the company’s fourth quarter earnings results.

The footwear retailer reported earnings of $0.15 per share on revenues of $227.63 million, up 13.6% from a year ago. Analysts were expecting EPS of $0.09 on revenues of $220.2 million.

For the full-year 2014, the company reported net income of $25.5 million, or $1.27 per diluted share. Revenue was reported as $940.2 million, as compared to $884.8 million for the prior year. Comparable store sales increased 1.8%.

For FY/15, Shoe Carnival Inc provided EPS guidance of $1.40-$1.48 versus consensus of $1.45 per share. The company also issued revenue projection of $977-$991 million, compared to the consensus revenue estimate of $995.68 million. The company also announced that its Board of Directors has approved a quarterly cash dividend of $0.06 per share which will be paid on April 20, 2015, to shareholders of record as of the close of business on April 6, 2015.

On valuation measures, Shoe Carnival Inc. shares, which currently have an average 3-month trading volume of nearly 51K shares, trade at a trailing-12 P/E of 21.15, a forward P/E of 16.70 and a P/E to growth ratio of 1.31. The median Wall Street price target on the name is $28.00 with a high target of $29.00. Currently ticker boasts 2 ‘Buy’ endorsements, compared to 2 ’Holds’ and no ‘Sell’.

Profitability-wise, SCVL has a t-12 profit and operating margin of 2.54% and 4.34%, respectively. The $491.33 million market cap company reported $61.37 million in cash in its most recent quarter.

SCVL currently prints a one year loss of about 7% and a year-to-date loss of around 6.40%.

The chart below shows where the equity has traded over the last 52 weeks.

Shoe Carnival Inc. operates as a family footwear retailer in the United States. The company was founded in 1978 and is headquartered in Evansville, Indiana.

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