Wall Street brokerages predict that Steven Madden, Ltd. (NASDAQ:SHOO) will post $0.37 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Steven Madden’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.35. Steven Madden posted earnings of $0.36 per share in the same quarter last year, which indicates a positive year over year growth rate of 2.8%. The firm is expected to announce its next earnings report on Friday, April 19th.
On average, analysts expect that Steven Madden will report full year earnings of $1.81 per share for the current fiscal year, with EPS estimates ranging from $1.78 to $1.83. For the next year, analysts anticipate that the company will report earnings of $2.00 per share, with EPS estimates ranging from $1.95 to $2.09. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Steven Madden.
Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Wednesday, February 27th. The textile maker reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. The company had revenue of $410.36 million for the quarter, compared to analyst estimates of $401.50 million. Steven Madden had a return on equity of 19.00% and a net margin of 7.81%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share.
A number of equities analysts recently commented on the company. Zacks Investment Research raised Steven Madden from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Friday, February 15th. BidaskClub lowered Steven Madden from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Loop Capital lifted their price objective on Steven Madden to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, February 19th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $37.00 price objective on shares of Steven Madden in a research note on Thursday, February 28th. Finally, B. Riley reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Steven Madden in a research note on Monday, February 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Steven Madden presently has an average rating of “Hold” and a consensus target price of $35.73.
Shares of Steven Madden stock traded down $0.06 during midday trading on Friday, reaching $33.69. The company had a trading volume of 5,188 shares, compared to its average volume of 459,769. The firm has a market cap of $2.88 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.06 and a beta of 0.58. Steven Madden has a fifty-two week low of $27.88 and a fifty-two week high of $39.30.
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 19th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.56 annualized dividend and a yield of 1.66%. Steven Madden’s payout ratio is 30.60%.
Several hedge funds have recently modified their holdings of SHOO. Bessemer Group Inc. bought a new stake in Steven Madden during the fourth quarter valued at about $42,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Steven Madden in the fourth quarter valued at about $699,000. Vanguard Group Inc. lifted its position in shares of Steven Madden by 2.8% in the third quarter. Vanguard Group Inc. now owns 5,272,175 shares of the textile maker’s stock valued at $278,898,000 after acquiring an additional 145,989 shares in the last quarter. Martingale Asset Management L P purchased a new position in shares of Steven Madden in the third quarter valued at about $387,000. Finally, Macquarie Group Ltd. lifted its position in shares of Steven Madden by 56.1% in the fourth quarter. Macquarie Group Ltd. now owns 3,600,261 shares of the textile maker’s stock valued at $108,949,000 after acquiring an additional 1,293,591 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Steven Madden Company Profile
Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, Kate Spade, and Avec Les Filles brands, as well as private label footwear.
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