Vera Bradley (VRA) Issues Q4 Earnings Guidance
Vera Bradley (VRA) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.56-0.58 for the period, compared to the Thomson Reuters consensus estimate of $0.57. The company issued revenue guidance of $149-154 million, compared to the consensus revenue estimate of $151.44 million.
VRA has been the subject of a number of recent research reports. Analysts at Robert W. Baird reiterated an outperform rating on shares of Vera Bradley in a research note to investors on Monday. They now have a $30.00 price target on the stock. On a related note, analysts at William Blair reiterated an outperform rating on shares of Vera Bradley in a research note to investors on Monday. Finally, analysts at Lazard Capital Markets downgraded shares of Vera Bradley from a buy rating to a neutral rating in a research note to investors on Monday.
Six equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, and three have given a hold rating to the company’s stock. The company presently has a consensus rating of overweight and an average target price of $31.00.
Shares of Vera Bradley (VRA) traded up 1.81% during mid-day trading on Tuesday, hitting $23.00. Vera Bradley (VRA) has a 52 week low of $18.91 and a 52 week high of $39.48. The stock’s 50-day moving average is currently $25.16. The company has a market cap of $932.9 million and a P/E ratio of 14.33.
Vera Bradley last announced its earnings results on Wednesday, December 5th. The company reported $0.44 earnings per share for the quarter. The company had revenue of $138.30 million for the quarter. During the same quarter in 2012, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Vera Bradley has set its Q4 guidance at $0.55-0.57 EPS. On average, analysts predict that Vera Bradley (VRA) will post $1.64 earnings per share for the current fiscal year.
Vera Bradley, Inc. (Vera Bradley) is a designer, producer, marketer, and retailer of functional accessories for women.
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