Vera Bradley (VRA) Issues FY14 Earnings Guidance

Posted by on Jun 5th, 2013

Vera Bradley (NYSE: VRA) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.74-1.78 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.81, StockRatingsNetwork reports. The company issued revenue guidance of $570-575 million, compared to the consensus revenue estimate of $590.70 million.Vera Bradley also updated its Q2 guidance to $0.31-0.33 EPS.

Vera Bradley (NYSE: VRA) traded down 0.22% on Wednesday, hitting $22.46. Vera Bradley has a 52-week low of $18.91 and a 52-week high of $31.00. The stock’s 50-day moving average is currently $23.05. The company has a market cap of $911.9 million and a price-to-earnings ratio of 13.25.

Vera Bradley (NYSE: VRA) last announced its earnings results on Wednesday, June 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $123.00 million for the quarter, compared to the consensus estimate of $121.01 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Vera Bradley has set its Q2 guidance at $0.31-0.33 EPS and its FY14 guidance at $1.74-1.78 EPS. On average, analysts predict that Vera Bradley will post $1.81 earnings per share for the current fiscal year.

Several analysts have also recently commented on the stock. Analysts at Standpoint Research initiated coverage on shares of Vera Bradley in a research note to investors on Tuesday, May 21st. They set a buy rating and a $35.00 price target on the stock. On a related note, analysts at Zacks downgraded shares of Vera Bradley from an outperform rating to a neutral rating in a research note to investors on Monday, March 18th. They now have a $28.10 price target on the stock. Finally, analysts at Sterne Agee cut their price target on shares of Vera Bradley from $22.00 to $20.00 in a research note to investors on Thursday, March 14th. They now have an underperform rating on the stock.

One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Vera Bradley presently has a consensus rating of Hold and a consensus target price of $28.84.

Vera Bradley, Inc. (NYSE: VRA) is a designer, producer, marketer, and retailer of functional accessories for women.