Vera Bradley, Inc. (VRA) Updates FY18 Earnings Guidance
Vera Bradley, Inc. (NASDAQ:VRA) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.44-0.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.44. The company issued revenue guidance of $460-470 million, compared to the consensus revenue estimate of $463.51 million.Vera Bradley also updated its Q3 guidance to $0.13-0.15 EPS.
A number of equities research analysts have weighed in on the company. Jefferies Group LLC reiterated a hold rating and issued a $10.00 price objective on shares of Vera Bradley in a research note on Friday, July 14th. FBR & Co set a $12.00 price objective on Vera Bradley and gave the company a buy rating in a research note on Monday. Zacks Investment Research upgraded Vera Bradley from a sell rating to a hold rating in a research note on Friday, June 30th. KeyCorp reiterated a hold rating on shares of Vera Bradley in a research note on Friday, August 25th. Finally, BidaskClub cut Vera Bradley from a hold rating to a sell rating in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $11.83.
Shares of Vera Bradley, Inc. (NASDAQ:VRA) opened at 10.07 on Wednesday. Vera Bradley, Inc. has a 1-year low of $7.70 and a 1-year high of $17.20. The stock 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 (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, May 31st. The textile maker reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.04. The business had revenue of $96.10 million for the quarter, compared to analyst estimates of $96.62 million. Vera Bradley had a return on equity of 7.18% and a net margin of 2.79%. Vera Bradley’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 EPS. On average, equities research analysts anticipate that Vera Bradley, Inc. will post $0.44 EPS for the current fiscal year.
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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