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

Vince (NYSE:VNCE) announced its earnings results on Monday. The textile maker reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.24) by $0.29, Yahoo Finance reports. Vince had a net margin of 0.43% and a negative return on equity of 11.02%. The company had revenue of $74.17 million during the quarter, compared to analysts’ expectations of $68.23 million. During the same period last year, the company posted ($0.04) earnings per share.

Vince Stock Down 3.4 %

Shares of VNCE stock traded down $0.07 during trading on Wednesday, reaching $2.00. The company’s stock had a trading volume of 9,915 shares, compared to its average volume of 19,859. The stock’s 50-day moving average price is $1.66 and its 200 day moving average price is $2.05. Vince has a 1-year low of $1.00 and a 1-year high of $4.73. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.67 and a quick ratio of 0.58. The company has a market capitalization of $25.08 million, a price-to-earnings ratio of 0.86 and a beta of 1.78.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VNCE. Small Cap Consu raised Vince to a “strong-buy” rating in a report on Thursday, May 23rd. Noble Financial began coverage on shares of 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.