Analysts Expect Vera Bradley, Inc. (NASDAQ:VRA) Will Post Earnings of -$0.16 Per Share

Equities analysts forecast that Vera Bradley, Inc. (NASDAQ:VRAGet Rating) will announce ($0.16) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Vera Bradley’s earnings, with estimates ranging from ($0.34) to ($0.04). Vera Bradley posted earnings of ($0.05) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 220%. The business is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Vera Bradley will report full year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.55 to $0.64. For the next fiscal year, analysts anticipate that the company will report earnings of $0.73 per share, with EPS estimates ranging from $0.70 to $0.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Vera Bradley.

Vera Bradley (NASDAQ:VRAGet Rating) last issued its quarterly earnings data on Wednesday, March 9th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.06). Vera Bradley had a return on equity of 6.10% and a net margin of 3.30%. The company had revenue of $149.60 million for the quarter, compared to analysts’ expectations of $155.43 million. During the same period last year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis.

Several analysts have weighed in on the company. Zacks Investment Research cut Vera Bradley from a “hold” rating to a “sell” rating in a report on Wednesday, March 9th. Telsey Advisory Group lowered their price target on Vera Bradley from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Thursday, March 10th. TheStreet cut Vera Bradley from a “b-” rating to a “c” rating in a report on Monday, January 31st. Finally, began coverage on Vera Bradley in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.67.

Shares of NASDAQ:VRA traded down $0.15 on Monday, hitting $6.52. The company’s stock had a trading volume of 4,115 shares, compared to its average volume of 245,542. The firm’s 50-day moving average price is $7.44. Vera Bradley has a 1 year low of $6.31 and a 1 year high of $13.62. The stock has a market cap of $212.06 million, a P/E ratio of 12.54 and a beta of 1.77.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRA. Metropolitan Life Insurance Co NY purchased a new stake in shares of Vera Bradley during the 3rd quarter valued at about $69,000. Maryland State Retirement & Pension System purchased a new stake in shares of Vera Bradley during the 4th quarter valued at about $86,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Vera Bradley during the 4th quarter valued at about $91,000. Voya Investment Management LLC purchased a new position in shares of Vera Bradley in the third quarter worth approximately $96,000. Finally, Citigroup Inc. boosted its holdings in shares of Vera Bradley by 11.1% in the third quarter. Citigroup Inc. now owns 13,130 shares of the textile maker’s stock worth $124,000 after buying an additional 1,314 shares during the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.

About Vera Bradley (Get Rating)

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 wallets, wristlets, eyeglass cases, scarves, 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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