Vera Bradley, Inc. (VRA) Releases Q3 Earnings Guidance
Vera Bradley, Inc. (NASDAQ:VRA) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.13-0.15 for the period, compared to the Thomson Reuters consensus 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.
Vera Bradley, Inc. (VRA) opened at 9.04 on Friday. The company’s 50-day moving average is $9.73 and its 200-day moving average is $9.27. The company has a market cap of $326.83 million, a price-to-earnings ratio of 24.84 and a beta of 0.87. Vera Bradley, Inc. has a 12 month low of $7.70 and a 12 month high of $17.06.
Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, August 30th. The textile maker reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. Vera Bradley had a return on equity of 6.64% and a net margin of 2.21%. The company had revenue of $112.42 million during the quarter, compared to the consensus estimate of $111.72 million. During the same quarter last year, the firm earned $0.17 earnings per share. The company’s revenue was down 5.7% on a year-over-year basis. On average, equities research analysts anticipate that Vera Bradley, Inc. will post $0.46 earnings per share for the current year.
VRA has been the topic of a number of recent analyst reports. Zacks Investment Research cut Vera Bradley from a hold rating to a sell rating in a research report on Saturday, May 6th. Jefferies Group LLC set a $10.00 target price on Vera Bradley and gave the company a hold rating in a research report on Wednesday, May 31st. FBR & Co reiterated an outperform rating and issued a $12.00 target price on shares of Vera Bradley in a research report on Tuesday, July 11th. BidaskClub cut Vera Bradley from a hold rating to a sell rating in a research report on Wednesday, August 23rd. Finally, KeyCorp reiterated a hold rating on shares of Vera Bradley in a research report on Friday, August 25th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Vera Bradley currently has an average rating of Hold and an average target price of $11.83.
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About Vera Bradley
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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