Vera Bradley (VRA) Posts Earnings Results, Beats Expectations By $0.09 EPS
Vera Bradley (NASDAQ:VRA) posted its earnings results on Wednesday. The textile maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09, Bloomberg Earnings reports. The company had revenue of $114.10 million for the quarter, compared to the consensus estimate of $114.55 million. Vera Bradley had a return on equity of 6.64% and a net margin of 2.21%. The firm’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 earnings per share. Vera Bradley updated its Q4 guidance to $0.30-0.33 EPS.
Vera Bradley (VRA) traded up $0.03 on Wednesday, hitting $8.64. The stock had a trading volume of 511,700 shares, compared to its average volume of 350,459. The company has a market capitalization of $310.74, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. Vera Bradley has a 1 year low of $6.99 and a 1 year high of $14.89.
Several equities research analysts have weighed in on the company. BidaskClub cut Vera Bradley from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. FBR & Co set a $12.00 price objective on Vera Bradley and gave the stock a “buy” rating in a research note on Monday, August 28th. KeyCorp reissued a “hold” rating on shares of Vera Bradley in a research note on Friday, August 25th. Jefferies Group reissued a “hold” rating and set a $11.00 price objective on shares of Vera Bradley in a research note on Thursday, October 12th. Finally, Zacks Investment Research raised Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $10.33.
TRADEMARK VIOLATION NOTICE: “Vera Bradley (VRA) Posts Earnings Results, Beats Expectations By $0.09 EPS” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/06/vera-bradley-vra-posts-earnings-results-beats-expectations-by-0-09-eps.html.
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.
Receive News & Ratings for Vera Bradley Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vera Bradley Inc. and related companies with MarketBeat.com's FREE daily email newsletter.