Vince (NYSE:VNCE) Announces 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 the consensus estimate of ($0.24) by $0.29, Yahoo Finance reports. The business had revenue of $74.17 million for the quarter, compared to the consensus estimate of $68.23 million. Vince had a net margin of 10.49% and a negative return on equity of 13.13%. During the same period in the prior year, the firm earned ($0.04) EPS.

Vince Stock Down 11.6 %

Shares of VNCE opened at $2.07 on Wednesday. The firm has a market cap of $25.96 million, a P/E ratio of 0.86 and a beta of 1.78. The stock’s 50 day moving average is $1.66 and its two-hundred day moving average is $2.05. The company has a current ratio of 1.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.97. Vince has a 12 month low of $1.00 and a 12 month high of $4.73.

Wall Street Analyst Weigh In

VNCE has been the topic of a number of analyst reports. Noble Financial initiated coverage on shares of Vince in a research note on Monday, June 24th. They set an “outperform” rating and a $3.00 price objective on the stock. Small Cap Consu raised shares of Vince to a “strong-buy” rating in a report on Thursday, May 23rd.

About Vince

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.