Vince (NYSE:VNCE) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Vince (NYSE:VNCE) issued its quarterly earnings results on Tuesday. The textile maker reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.11, RTT News reports. Vince had a net margin of 1.60% and a negative return on equity of 5.77%. The firm had revenue of $79.95 million during the quarter, compared to the consensus estimate of $56.12 million. During the same period in the prior year, the firm earned ($0.26) EPS.

Vince Trading Up 15.5%

Shares of VNCE stock opened at $1.69 on Tuesday. The firm has a fifty day moving average of $1.63 and a 200-day moving average of $2.39. The stock has a market cap of $21.67 million, a price-to-earnings ratio of 4.56 and a beta of 0.63. Vince has a 52-week low of $1.11 and a 52-week high of $6.89. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.64 and a current ratio of 1.74.

Analysts Set New Price Targets

VNCE has been the topic of a number of recent research reports. Wall Street Zen assumed coverage on Vince in a research report on Friday, May 16th. They set a “hold” rating on the stock. Noble Financial lowered Vince from a “strong-buy” rating to a “hold” rating in a report on Monday, May 5th.

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.