Steven Madden, Ltd. (SHOO) Releases FY17 Earnings Guidance
Steven Madden, Ltd. (NASDAQ:SHOO) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.03-2.09 for the period, compared to the Thomson Reuters consensus estimate of $2.25. The company issued revenue guidance of $1.525-1.553 billion, compared to the consensus revenue estimate of $1.55 billion.
A number of research analysts recently weighed in on the stock. B. Riley reiterated a buy rating and issued a $47.00 price objective on shares of Steven Madden in a research note on Tuesday, August 8th. Zacks Investment Research lowered shares of Steven Madden from a buy rating to a hold rating in a research note on Thursday, August 17th. Buckingham Research lifted their price objective on shares of Steven Madden from $38.00 to $40.00 and gave the company a neutral rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reiterated a hold rating and issued a $39.00 price objective (up from $37.00) on shares of Steven Madden in a research note on Wednesday, August 2nd. Finally, Telsey Advisory Group reiterated an outperform rating and issued a $45.00 price objective (up from $41.00) on shares of Steven Madden in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $44.29.
Steven Madden, Ltd. (NASDAQ SHOO) opened at 42.80 on Tuesday. The stock’s 50 day moving average is $42.21 and its 200-day moving average is $40.24. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 20.61 and a beta of 0.51. Steven Madden, Ltd. has a 52-week low of $33.50 and a 52-week high of $44.40.
Steven Madden (NASDAQ:SHOO) last posted its earnings results on Monday, October 30th. The textile maker reported $0.77 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. The company had revenue of $441.19 million during the quarter, compared to analysts’ expectations of $441.03 million. Steven Madden had a net margin of 8.19% and a return on equity of 17.57%. Steven Madden’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $0.74 earnings per share. Equities research analysts anticipate that Steven Madden, Ltd. will post $2.25 EPS for the current fiscal year.
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About Steven Madden
Steven Madden, Ltd. and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children, and name brand and private label fashion handbags and accessories. The Company operates through five segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing.
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