Victoria's Secret & Co. (NYSE:VSCO) Updates Q3 2024 Earnings Guidance

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.800--0.600 for the period, compared to the consensus estimate of -0.690. The company issued revenue guidance of -. Victoria's Secret & Co. also updated its FY 2024 guidance to EPS.

Victoria's Secret & Co. Trading Up 0.6 %

Victoria's Secret & Co. stock traded up $0.15 during midday trading on Wednesday, reaching $24.87. The stock had a trading volume of 3,606,302 shares, compared to its average volume of 2,864,691. The firm's fifty day simple moving average is $19.26 and its two-hundred day simple moving average is $20.38. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.97 and a quick ratio of 0.28. Victoria's Secret & Co. has a twelve month low of $13.62 and a twelve month high of $30.80. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.30 and a beta of 2.08.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. Victoria's Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. Victoria's Secret & Co.'s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts anticipate that Victoria's Secret & Co. will post 1.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VSCO shares. Morgan Stanley upgraded shares of Victoria's Secret & Co. from an underweight rating to an equal weight rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. increased their price objective on Victoria's Secret & Co. from $15.00 to $16.00 and gave the stock an underweight rating in a report on Friday, May 17th. Bank of America lifted their target price on shares of Victoria's Secret & Co. from $15.00 to $18.00 and gave the company an underperform rating in a research note on Thursday, August 15th. The Goldman Sachs Group increased their price target on shares of Victoria's Secret & Co. from $15.00 to $17.00 and gave the stock a sell rating in a research note on Thursday, August 15th. Finally, Barclays lifted their price objective on shares of Victoria's Secret & Co. from $17.00 to $19.00 and gave the company an underweight rating in a research note on Thursday, August 15th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $19.80.

Victoria's Secret & Co. Company Profile

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.