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

Vince (NYSE:VNCE) issued its quarterly earnings data on Monday. The textile maker reported $0.05 earnings per share (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%. During the same quarter in the prior year, the company posted ($0.04) EPS.

Vince Stock Performance

Shares of VNCE stock opened at $2.29 on Tuesday. The stock has a 50 day simple moving average of $1.64 and a 200-day simple moving average of $2.06. Vince has a 12-month low of $1.00 and a 12-month high of $4.73. The company has a market cap of $28.72 million, a price-to-earnings 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.

Analyst Upgrades and Downgrades

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

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.