Vera Bradley (NASDAQ:VRA) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Vera Bradley (NASDAQ:VRA) released its earnings results on Tuesday. The textile maker reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.19, FiscalAI reports. The company had revenue of $71.65 million during the quarter, compared to the consensus estimate of $65.95 million. Vera Bradley had a negative return on equity of 6.66% and a negative net margin of 7.02%.

Vera Bradley Stock Performance

NASDAQ:VRA opened at $3.04 on Tuesday. Vera Bradley has a 52 week low of $1.39 and a 52 week high of $4.39. The stock’s 50 day moving average price is $3.45 and its 200 day moving average price is $3.49. The company has a market capitalization of $86.45 million, a P/E ratio of -4.41 and a beta of 1.59.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VRA shares. Wall Street Zen downgraded shares of Vera Bradley from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vera Bradley in a research report on Friday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Vera Bradley Company Profile

Vera Bradley, Inc (NASDAQ: VRA) is a lifestyle and accessories designer specializing in colorful, patterned handbags, luggage, travel accessories and coordinated home décor. Founded in 1982 by Barbara Bradley Baekgaard and Patricia R. Miller, the company first gained recognition for its quilted cotton bags sold at craft shows before expanding into an established fashion brand. Headquartered in Fort Wayne, Indiana, Vera Bradley has built a reputation for distinctive prints and functional design aimed primarily at women’s casual and travel needs.

The company’s product portfolio includes day bags, weekenders, backpacks, wallets, and organizational cases, as well as an expanding range of travel gear such as rolling luggage and travel pouches.