Vince (NYSE:VNCE) Releases Earnings Results, Beats Estimates By $0.29 EPS

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

Vince Price Performance

Shares of Vince stock opened at $2.29 on Tuesday. The stock has a market capitalization of $28.72 million, a P/E ratio of 0.95 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. The business’s fifty day moving average price is $1.64 and its 200 day moving average price is $2.06. Vince has a twelve month low of $1.00 and a twelve month high of $4.73.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Noble Financial started coverage on Vince in a research note on Monday, June 24th. They issued an “outperform” rating and a $3.00 target price for the company. Small Cap Consu upgraded shares of Vince to a “strong-buy” rating in a report on Thursday, May 23rd.

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.