Victoria’s Secret & Co. (NYSE:VSCO) Issues Q1 Earnings Guidance

Victoria’s Secret & Co. (NYSE:VSCO) issued an update on its first quarter earnings guidance on Friday morning. The company provided earnings per share guidance of $0.07-0.12 for the period, compared to the consensus earnings per share estimate of $0.03. The company issued revenue guidance of down 3-4% to ~$1.37-1.38 billion, compared to the consensus revenue estimate of $1.35 billion.

Victoria’s Secret & Co. Stock Up 3.2 %

Shares of VSCO opened at $18.61 on Friday. The business’s fifty day moving average price is $18.91 and its two-hundred day moving average price is $22.62. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 1.11 and a beta of 2.05. Victoria’s Secret & Co. has a 52 week low of $13.62 and a 52 week high of $30.80. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.34 and a current ratio of 0.95.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.09 billion. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. On average, analysts predict that Victoria’s Secret & Co. will post 1.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays cut shares of Victoria’s Secret & Co. from an equal weight rating to an underweight rating and cut their price target for the company from $15.00 to $14.00 in a research note on Wednesday. The Goldman Sachs Group initiated coverage on Victoria’s Secret & Co. in a research report on Thursday, April 25th. They set a sell rating and a $14.00 price target on the stock. Morgan Stanley lowered Victoria’s Secret & Co. from an equal weight rating to an underweight rating and reduced their target price for the stock from $19.00 to $15.00 in a report on Monday. Bank of America reiterated an underperform rating and set a $15.00 price objective (down from $34.00) on shares of Victoria’s Secret & Co. in a research note on Friday, March 8th. Finally, BMO Capital Markets decreased their price objective on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an outperform rating on the stock in a research note on Thursday, March 7th. Six analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $17.90.

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.