Vera Bradley (VRA) Set to Announce Quarterly Earnings on Wednesday

Vera Bradley (NASDAQ:VRAGet Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 30th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Vera Bradley has set its FY 2024 guidance at $0.57-$0.67 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Vera Bradley (NASDAQ:VRAGet Free Report) last announced its quarterly earnings data on Wednesday, June 7th. The textile maker reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.12. The firm had revenue of $94.36 million during the quarter, compared to analyst estimates of $100.35 million. Vera Bradley had a positive return on equity of 4.19% and a negative net margin of 11.58%. On average, analysts expect Vera Bradley to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vera Bradley Stock Performance

Vera Bradley stock opened at $6.79 on Monday. Vera Bradley has a 52 week low of $2.84 and a 52 week high of $7.02. The firm has a market cap of $209.81 million, a P/E ratio of -3.69 and a beta of 2.05. The business’s fifty day moving average is $6.53 and its two-hundred day moving average is $5.92.

Institutional Trading of Vera Bradley

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans purchased a new stake in shares of Vera Bradley in the 1st quarter valued at approximately $96,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Vera Bradley during the 2nd quarter worth about $96,000. MetLife Investment Management LLC bought a new stake in shares of Vera Bradley during the second quarter worth approximately $90,000. Schonfeld Strategic Advisors LLC acquired a new stake in Vera Bradley in the first quarter valued at $87,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Vera Bradley during the second quarter worth about $86,000. 45.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, started coverage on Vera Bradley in a research report on Thursday, August 17th. They set a “buy” rating on the stock.

View Our Latest Analysis on Vera Bradley

About Vera Bradley

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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 three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consisting of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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Earnings History for Vera Bradley (NASDAQ:VRA)

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