Vince (NYSE:VNCE) Issues Earnings Results, Beats Expectations By $0.29 EPS

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

Vince Stock Up 21.2 %

NYSE:VNCE opened at $2.29 on Tuesday. The firm has a market capitalization of $28.72 million, a price-to-earnings ratio of 0.95 and a beta of 1.78. Vince has a twelve month low of $1.00 and a twelve month high of $4.73. The stock’s 50 day moving average price is $1.64 and its two-hundred day moving average price is $2.06. The company has a quick ratio of 0.58, a current ratio of 1.67 and a debt-to-equity ratio of 0.97.

Analyst Ratings Changes

Several equities research analysts have issued reports on VNCE shares. Small Cap Consu upgraded 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 target price on the stock.

Vince Company Profile

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.