Vipshop (NYSE:VIPS) posted its quarterly earnings results on Monday. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $1.20, Briefing.com reports. The business had revenue of $24.13 billion for the quarter, compared to the consensus estimate of $23.35 billion. Vipshop had a return on equity of 18.19% and a net margin of 2.09%. The business’s revenue was up 27.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 EPS.
Vipshop (NYSE VIPS) traded up $1.05 during trading on Monday, reaching $16.39. The company’s stock had a trading volume of 14,170,470 shares, compared to its average volume of 13,561,979. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 1.05. Vipshop has a 52 week low of $7.79 and a 52 week high of $17.75. The stock has a market capitalization of $9,520.00, a PE ratio of 32.78 and a beta of 2.45.
VIPS has been the subject of a number of analyst reports. Daiwa Capital Markets upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. KeyCorp set a $13.00 price objective on Vipshop and gave the stock a “buy” rating in a research note on Thursday, October 19th. Nomura upped their price objective on Vipshop to $19.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Zacks Investment Research upgraded Vipshop from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Finally, HSBC upgraded Vipshop from a “reduce” rating to a “hold” rating in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $13.43.
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Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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