Steven Madden (NASDAQ:SHOO) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.78-1.86 for the period, compared to the Thomson Reuters consensus estimate of $1.84. The company issued revenue guidance of $1.73628945-1.75282554 billion, compared to the consensus revenue estimate of $1.75 billion.Steven Madden also updated its FY19 guidance to $1.78-1.86 EPS.
Shares of NASDAQ:SHOO traded down $0.60 during trading hours on Friday, hitting $30.67. 37,947 shares of the company’s stock traded hands, compared to its average volume of 532,236. Steven Madden has a 1 year low of $27.88 and a 1 year high of $39.30. The firm has a fifty day simple moving average of $33.12. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 2.08 and a beta of 0.82.
Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Tuesday, July 30th. The textile maker reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The company had revenue of $444.97 million during the quarter, compared to the consensus estimate of $420.40 million. Steven Madden had a net margin of 8.07% and a return on equity of 19.49%. Steven Madden’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, sell-side analysts expect that Steven Madden will post 1.84 EPS for the current fiscal year.
In related news, Director Robert Garrett Smith sold 9,267 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $31.00, for a total transaction of $287,277.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rose Peabody Lynch sold 3,390 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $32.17, for a total transaction of $109,056.30. Following the transaction, the director now owns 8,469 shares of the company’s stock, valued at approximately $272,447.73. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.
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, Report, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, Stevies, Brian Atwood, Blondo, Kate Spade, and Anne Klein brands, as well as private label footwear.
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