Vera Bradley (NASDAQ:VRA) issued its earnings results on Wednesday. The textile maker reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02, Briefing.com reports. Vera Bradley had a return on equity of 7.46% and a net margin of 2.67%. The business had revenue of $127.50 million during the quarter, compared to analysts’ expectations of $124.48 million. During the same period in the prior year, the business earned $0.12 EPS. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. Vera Bradley updated its Q4 guidance to $0.49-0.53 EPS and its FY 2020
Pre-Market guidance to $0.90-0.94 EPS.
Shares of NASDAQ VRA opened at $11.08 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.25 and a quick ratio of 0.91. The stock has a market capitalization of $374.89 million, a P/E ratio of 17.51 and a beta of 0.85. Vera Bradley has a 1-year low of $7.94 and a 1-year high of $14.51. The business has a fifty day moving average price of $11.21 and a 200 day moving average price of $10.88.
A number of brokerages recently weighed in on VRA. Telsey Advisory Group decreased their price objective on Vera Bradley from $13.00 to $10.00 and set a “market perform” rating for the company in a research note on Thursday, September 5th. Zacks Investment Research cut Vera Bradley from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. ValuEngine cut Vera Bradley from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, BidaskClub upgraded Vera Bradley from a “hold” rating to a “buy” rating in a research note on Friday.
About Vera Bradley
Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.
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