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

Savers Value Village (NYSE:SVV) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.490-0.510 for the period, compared to the consensus 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.

Savers Value Village Price Performance

Shares of NYSE SVV traded down $0.87 during midday trading on Friday, hitting $10.14. 4,345,367 shares of the company’s stock were exchanged, compared to its average volume of 552,482. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 1.75. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 22.04 and a beta of 1.59. The business’s fifty day moving average price is $10.03 and its two-hundred day moving average price is $11.40. Savers Value Village has a 12-month low of $7.78 and a 12-month high of $21.33.

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

Analysts Set New Price Targets

SVV has been the topic of a number of recent research reports. Loop Capital reduced their target price on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. The Goldman Sachs Group downgraded shares of Savers Value Village from a “buy” rating to a “neutral” rating and cut their price target for the company from $14.00 to $10.00 in a report on Friday, August 9th. Robert W. Baird cut their price target on Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Piper Sandler restated a “neutral” rating and issued a $10.00 price objective (down previously 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 reduced their target price for the stock from $21.00 to $12.00 in a report on Monday, July 22nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Savers Value Village currently has an average rating of “Hold” and an average target price of $12.00.

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.