Vera Bradley (VRA) Releases Q1 2020 Earnings Guidance

Share on StockTwits

Vera Bradley (NASDAQ:VRA) issued an update on its first quarter 2020 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $-0.08–0.06 for the period, compared to the Thomson Reuters consensus estimate of $-0.04. The company issued revenue guidance of $86-91 million, compared to the consensus revenue estimate of $85.14 million.Vera Bradley also updated its FY 2020 guidance to $0.64-0.74 EPS.

VRA opened at $11.18 on Wednesday. The firm has a market capitalization of $387.58 million, a P/E ratio of 18.63 and a beta of 0.72. Vera Bradley has a 52 week low of $7.94 and a 52 week high of $17.38.

Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, December 12th. The textile maker reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.04). Vera Bradley had a net margin of 4.80% and a return on equity of 8.30%. The company had revenue of $97.70 million for the quarter, compared to the consensus estimate of $101.68 million. During the same period last year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was down 14.4% compared to the same quarter last year. On average, equities analysts forecast that Vera Bradley will post 0.57 EPS for the current year.

A number of research analysts have recently issued reports on VRA shares. TheStreet cut Vera Bradley from a b- rating to a c rating in a research note on Thursday, December 13th. BidaskClub raised Vera Bradley from a strong sell rating to a sell rating in a research note on Wednesday, December 19th. Telsey Advisory Group reissued a market perform rating and issued a $11.00 target price (down from $14.00) on shares of Vera Bradley in a research note on Thursday, December 13th. Finally, ValuEngine cut Vera Bradley from a buy rating to a hold rating in a research note on Friday, November 16th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $12.75.

In related news, insider Michael C. Ray sold 33,236 shares of the firm’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $8.52, for a total value of $283,170.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anne Marie Ray sold 28,378 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $9.68, for a total value of $274,699.04. The disclosure for this sale can be found here. Insiders sold 203,889 shares of company stock worth $1,859,695 over the last three months. 30.10% of the stock is owned by insiders.

TRADEMARK VIOLATION NOTICE: “Vera Bradley (VRA) Releases Q1 2020 Earnings Guidance” was published by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/4217739/vera-bradley-vra-releases-q1-2020-earnings-guidance.html.

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.

See Also: Discover Your Risk Tolerance

Receive News & Ratings for Vera Bradley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vera Bradley and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Zacks: Vector Group Ltd  Receives Consensus Recommendation of “Hold” from Brokerages
Zacks: Vector Group Ltd Receives Consensus Recommendation of “Hold” from Brokerages
Zacks: Analysts Anticipate Masimo Co.  Will Announce Earnings of $0.75 Per Share
Zacks: Analysts Anticipate Masimo Co. Will Announce Earnings of $0.75 Per Share
EtherSportz Hits Market Capitalization of $162,386.00
EtherSportz Hits Market Capitalization of $162,386.00
Cybereits Price Reaches $0.0014 on Exchanges
Cybereits Price Reaches $0.0014 on Exchanges
Zacks: Analysts Anticipate First Community Co.  Will Announce Quarterly Sales of $11.76 Million
Zacks: Analysts Anticipate First Community Co. Will Announce Quarterly Sales of $11.76 Million
VICI Properties Inc  Expected to Announce Quarterly Sales of $219.49 Million
VICI Properties Inc Expected to Announce Quarterly Sales of $219.49 Million


© 2006-2019 Ticker Report