a.k.a. Brands (NYSE:AKA) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

a.k.a. Brands (NYSE:AKA) posted its quarterly earnings data on Wednesday. The company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.04), FiscalAI reports. The business had revenue of $161.34 million for the quarter, compared to analyst estimates of $161.51 million. a.k.a. Brands had a negative return on equity of 20.93% and a negative net margin of 4.43%.

a.k.a. Brands Trading Up 4.5%

NYSE:AKA traded up $0.45 during trading hours on Wednesday, reaching $10.49. 2,744 shares of the company were exchanged, compared to its average volume of 3,765. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.40. The firm has a market cap of $115.29 million, a price-to-earnings ratio of -4.23 and a beta of 1.33. a.k.a. Brands has a 52-week low of $8.42 and a 52-week high of $14.39. The stock has a 50 day simple moving average of $10.71 and a 200 day simple moving average of $10.55.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of a.k.a. Brands in a research report on Thursday, October 15th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, a.k.a. Brands currently has a consensus rating of “Hold” and an average price target of $19.00.

About a.k.a. Brands

a.k.a. Brands Holding Corp. is a global fashion platform that owns and operates a portfolio of digitally native apparel and lifestyle brands. The company focuses on reaching younger consumers through e-commerce, social media, influencer marketing and brand-focused online shopping experiences.

Its brand portfolio has included Princess Polly, an online women’s fashion retailer; Petal & Pup, which offers women’s apparel and occasion wear; and other specialty fashion businesses such as mnml, Culture Kings and Rebdolls.