-$0.16 EPS expected for Vera Bradley, Inc. (NASDAQ:VRA) this quarter

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Wall Street brokers expect Vera Bradley, Inc. (NASDAQ:VRA – Get a rating) to report earnings per share (EPS) of ($0.16) for the current quarter, based on Zacks. Three analysts have made estimates of Vera Bradley’s earnings, with estimates ranging from ($0.34) to ($0.04). Vera Bradley reported earnings of ($0.05) per share in the same quarter last year, suggesting a negative 220% year-over-year growth rate. The company is expected to announce its next results before the market opens on Monday, January 1.

On average, analysts expect Vera Bradley to report annual earnings of $0.61 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.64. For the next fiscal year, analysts expect the company to report earnings of $0.73 per share, with EPS estimates ranging from $0.70 to $0.75. Zacks Investment Research’s earnings per share averages are an average average based on a survey of sell-side analysts who follow Vera Bradley.

Vera Bradley (NASDAQ:VRA – Get a rating) last released its quarterly earnings data on Wednesday, March 9. The textile maker reported EPS of $0.17 for the quarter, missing the consensus estimate of $0.23 per ($0.06). Vera Bradley had a return on equity of 6.10% and a net margin of 3.30%. The company posted revenue of $149.60 million for the quarter, compared to $155.43 million expected by analysts. In the same quarter a year earlier, the company had earned earnings per share of $0.31. The company’s revenue for the quarter increased 5.1% compared to the same quarter last year.

The VRA has been the subject of several reports by research analysts. Zacks Investment Research upgraded Vera Bradley from a “sell” rating to a “hold” rating in a Wednesday, May 11 research note. StockNews.com began covering Vera Bradley in a research report on Thursday, March 31. They set a “hold” rating for the company. Finally, Telsey Advisory Group lowered its price target on Vera Bradley from $11.00 to $9.00 and set a “market performance” rating for the company in a Thursday, March 10 research report. Four analysts rated the stock with a holding rating. According to data from MarketBeat, Vera Bradley currently has a consensus rating of “Hold” and a consensus target price of $11.67.

A number of large investors have recently bought and sold shares of the company. Acadian Asset Management LLC increased its position in Vera Bradley shares by 19.7% in the fourth quarter. Acadian Asset Management LLC now owns 78,462 shares of the textile maker valued at $666,000 after buying an additional 12,926 shares last quarter. Northern Trust Corp increased its stake in Vera Bradley by 3.1% in the fourth quarter. Northern Trust Corp now owns 264,981 shares of the textile maker valued at $2,255,000 after acquiring an additional 7,904 shares in the last quarter. Maryland State Retirement & Pension System acquired a new position in Vera Bradley in the fourth quarter worth approximately $86,000. Rutabaga Capital Management LLC MA increased its holdings in Vera Bradley by 1.0% in the fourth quarter. Rutabaga Capital Management LLC MA now owns 622,069 shares of the textile maker valued at $5,294,000 after acquiring 6,145 additional shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Vera Bradley by 13.9% in the fourth quarter. Russell Investments Group Ltd. now owns 228,131 shares of the textile maker valued at $1,940,000 after acquiring 27,758 additional shares in the last quarter. Institutional investors hold 70.79% of the company’s shares.

NASDAQ:VRA shares were down $0.11 on Friday, hitting $6.74. The company had a trading volume of 266,102 shares, compared to an average volume of 339,449. Vera Bradley has a 52-week low of $5.71 and a 52-week high of $13.62. The company’s 50-day simple moving average is $6.66 and its 200-day simple moving average is $7.75. The company has a market capitalization of $218.65 million, a PE ratio of 12.96 and a beta of 1.78.

About Vera Bradley (Get a rating)

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures and sells women’s handbags, luggage and travel goods, fashion and home accessories and gifts. It operates through three segments: Vera Bradley Direct, Vera Bradley Indirect and Pura Vida. The Company offers bags, such as tote bags, shoulder bags, satchels, clutches, backpacks, baby bags and lunch bags; accessories, including wallets, bracelets, glasses cases, scarves and various technological accessories; bracelets, rings and necklaces under the Pura Vida brand; and travel products consisting of rolling luggage, cosmetics, and travel and packaging accessories, as well as travel bags including duffel bags and weekend bags.

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