Vera Bradley (VRA) Issues Q1 2020 Earnings Guidance

Vera Bradley (NASDAQ:VRA) issued an update on its first quarter 2020 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $-0.08–0.06 for the period, compared to the Thomson Reuters consensus earnings per share 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.

Shares of VRA stock opened at $14.01 on Friday. Vera Bradley has a twelve month low of $7.94 and a twelve month high of $17.38. The company has a market capitalization of $387.58 million, a price-to-earnings ratio of 23.35 and a beta of 0.69.

Vera Bradley (NASDAQ:VRA) last announced its earnings results on Wednesday, March 13th. The textile maker reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Vera Bradley had a return on equity of 8.30% and a net margin of 4.80%. The company had revenue of $118.20 million for the quarter, compared to the consensus estimate of $116.34 million. During the same period last year, the business posted $0.33 EPS. The company’s revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts predict that Vera Bradley will post 0.57 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the company. Telsey Advisory Group restated a market perform rating and issued a $11.00 price target on shares of Vera Bradley in a research note on Thursday. TheStreet downgraded Vera Bradley from a b- rating to a c rating in a research note on Thursday, December 13th. BidaskClub upgraded Vera Bradley from a strong sell rating to a sell rating in a research note on Wednesday, December 5th. Finally, ValuEngine downgraded Vera Bradley from a buy rating to a hold rating in a research note on Friday, November 16th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $15.00.

In other Vera Bradley news, insider Anne Marie Ray sold 70,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $10.61, for a total transaction of $742,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael C. Ray sold 33,236 shares of the business’s stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $8.52, for a total value of $283,170.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 308,889 shares of company stock worth $2,962,895. Company insiders own 30.10% of the company’s stock.

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Vera Bradley Company Profile

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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