Victoria’s Secret & Co. (VSCO) Scheduled to Post Quarterly Earnings on Wednesday

Victoria’s Secret & Co. (NYSE:VSCO) is scheduled to post its quarterly earnings results after the market closes on Wednesday, August 28th. Analysts expect Victoria’s Secret & Co. to post earnings of $0.25 per share for the quarter. Victoria’s Secret & Co. has set its Q2 guidance at $0.05-$0.20 EPS and its Q2 2024 guidance at 0.050-0.200 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company posted $0.28 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, analysts expect Victoria’s Secret & Co. to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Victoria’s Secret & Co. Stock Up 0.8 %

Shares of Victoria’s Secret & Co. stock opened at $23.40 on Monday. The business has a fifty day simple moving average of $18.92 and a 200 day simple moving average of $20.45. The stock has a market cap of $1.83 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.25 and a beta of 2.08. The company has a quick ratio of 0.28, a current ratio of 0.97 and a debt-to-equity ratio of 2.51. Victoria’s Secret & Co. has a 12 month low of $13.62 and a 12 month high of $30.80.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VSCO shares. Bank of America increased their target price on shares of Victoria’s Secret & Co. from $15.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, August 15th. Barclays lifted their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, August 15th. Morgan Stanley upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating in a report on Wednesday, August 14th. Telsey Advisory Group reiterated a “market perform” rating and set a $24.00 price objective on shares of Victoria’s Secret & Co. in a report on Thursday, August 15th. Finally, Wells Fargo & Company increased their target price on Victoria’s Secret & Co. from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.80.

About Victoria’s Secret & Co.

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.