Victoria’s Secret & Co. (VSCO) Projected to Post Quarterly Earnings on Wednesday

Victoria’s Secret & Co. (NYSE:VSCO) will likely be releasing its earnings data after the market closes on Wednesday, March 5th. Analysts expect Victoria’s Secret & Co. to post earnings of $2.31 per share and revenue of $2.10 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.12. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Victoria’s Secret & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.86) earnings per share. On average, analysts expect Victoria’s Secret & Co. to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $28.48 on Wednesday. The company’s fifty day moving average price is $36.74 and its 200-day moving average price is $32.49. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.15 and a beta of 2.11. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73.

Wall Street Analyst Weigh In

A number of research firms recently commented on VSCO. Bank of America reduced their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday, January 30th. Morgan Stanley reduced their price objective on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their target price on Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Jefferies Financial Group increased their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group lowered their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Victoria’s Secret & Co. has a consensus rating of “Hold” and an average target price of $42.36.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.