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

Vince (NYSE:VNCE) released 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 10.49% and a negative return on equity of 13.13%. The firm had revenue of $74.17 million for the quarter, compared to the consensus estimate of $68.23 million. During the same quarter in the previous year, the firm earned ($0.04) earnings per share.

Vince Price Performance

Shares of Vince stock opened at $2.07 on Wednesday. The stock has a market cap of $25.96 million, a price-to-earnings ratio of 0.86 and a beta of 1.78. The stock has a 50 day moving average price of $1.66 and a 200-day moving average price of $2.05. Vince has a one year low of $1.00 and a one year high of $4.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.58 and a current ratio of 1.67.

Wall Street Analyst Weigh In

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

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.