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.
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.
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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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