Vera Bradley, Inc. (VRA) Updates Q3 Earnings Guidance
Vera Bradley, Inc. (NASDAQ:VRA) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.13-0.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.16. The company issued revenue guidance of $112-117 million, compared to the consensus revenue estimate of $119.86 million.Vera Bradley also updated its FY18 guidance to $0.44-0.50 EPS.
A number of equities analysts recently commented on the company. Jefferies Group LLC reiterated a hold rating and set a $10.00 price target on shares of Vera Bradley in a report on Friday, July 14th. FBR & Co set a $12.00 price target on Vera Bradley and gave the stock a buy rating in a report on Monday. Zacks Investment Research upgraded Vera Bradley from a sell rating to a hold rating in a report on Friday, June 30th. KeyCorp reiterated a hold rating on shares of Vera Bradley in a report on Friday, August 25th. Finally, BidaskClub cut Vera Bradley from a hold rating to a sell rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $11.83.
Shares of Vera Bradley, Inc. (NASDAQ VRA) opened at 10.07 on Wednesday. The company has a market cap of $364.07 million, a PE ratio of 27.66 and a beta of 0.87. The stock’s 50 day moving average price is $9.70 and its 200-day moving average price is $9.29. Vera Bradley, Inc. has a one year low of $7.70 and a one year high of $17.20.
Vera Bradley (NASDAQ:VRA) last released its quarterly earnings data on Wednesday, May 31st. The textile maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. Vera Bradley had a net margin of 2.79% and a return on equity of 7.18%. The firm had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $96.62 million. During the same period in the previous year, the company earned $0.06 earnings per share. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. On average, analysts expect that Vera Bradley, Inc. will post $0.44 EPS for the current year.
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Vera Bradley Company Profile
Vera Bradley, Inc (Vera Bradley) is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.
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