Savers Value Village (NYSE:SVV) Issues FY 2024 Earnings Guidance

Savers Value Village (NYSE:SVV) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.490-0.510 for the period, compared to the consensus earnings per share estimate of 0.520. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion.

Analyst Upgrades and Downgrades

SVV has been the subject of several recent analyst reports. Robert W. Baird reduced their price objective on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Loop Capital dropped their price objective on Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, August 12th. The Goldman Sachs Group cut Savers Value Village from a “buy” rating to a “neutral” rating and cut their target price for the stock from $14.00 to $10.00 in a research report on Friday, August 9th. Piper Sandler reissued a “neutral” rating and issued a $10.00 target price (down from $11.00) on shares of Savers Value Village in a research report on Friday. Finally, JPMorgan Chase & Co. lowered Savers Value Village from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $21.00 to $12.00 in a research report on Monday, July 22nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Savers Value Village Stock Performance

Shares of NYSE SVV traded down $0.87 during midday trading on Friday, reaching $10.14. 4,345,367 shares of the company were exchanged, compared to its average volume of 552,482. The stock has a market cap of $1.63 billion, a P/E ratio of 22.04 and a beta of 1.59. Savers Value Village has a 1 year low of $7.78 and a 1 year high of $21.33. The stock has a fifty day simple moving average of $10.03 and a 200 day simple moving average of $11.40. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 1.75.

Savers Value Village (NYSE:SVV) last released its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Savers Value Village had a net margin of 4.93% and a return on equity of 9.31%. The company had revenue of $396.70 million during the quarter, compared to analyst estimates of $391.13 million. During the same period in the previous year, the firm posted $0.22 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, research analysts forecast that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

Savers Value Village Company Profile

Savers Value Village, Inc sells second-hand merchandise in retail stores in the United States, Canada, and Australia. It operates stores under the Savers, Value Village, Value Village Boutique, Village des Valeurs, Unique, and 2nd Avenue brands. The company purchases secondhand textiles, including clothing, bedding, and bath items; shoes; accessories; housewares; books; and other goods from non-profit partners and then processes, selects, prices, merchandises, and sells them in its stores.