Vince (NYSE:VNCE) Issues Quarterly Earnings Results

Vince (NYSE:VNCE) announced its quarterly earnings results on Monday. The textile maker reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.29, Yahoo Finance reports. Vince had a negative return on equity of 13.13% and a net margin of 10.49%. The firm had revenue of $74.17 million for the quarter, compared to analysts’ expectations of $68.23 million. During the same period in the prior year, the business posted ($0.04) earnings per share.

Vince Stock Down 11.6 %

Shares of NYSE VNCE opened at $2.07 on Wednesday. The business has a 50-day moving average of $1.66 and a 200-day moving average of $2.05. The firm has a market capitalization of $25.96 million, a price-to-earnings ratio of 0.86 and a beta of 1.78. The company has a current ratio of 1.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.97. Vince has a 12 month low of $1.00 and a 12 month high of $4.73.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VNCE. Small Cap Consu raised shares of Vince to a “strong-buy” rating in a report on Thursday, May 23rd. Noble Financial began coverage on Vince in a research report on Monday, June 24th. They issued an “outperform” rating and a $3.00 price objective on the stock.

About Vince

Vince Holding Corp. provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale, Vince Direct-to-Consumer segments. The company offers a range of men's and women's products, such as cashmere sweaters, silk blouses, leather and suede products, and jackets, dresses, skirts, pants, t-shirts, footwear, outerwear, and accessories, as well as woven shirts, core and fashion pants, and blazers under the Vince brand.