Victoria’s Secret & Co. (NYSE:VSCO) Issues Q4 2024 Earnings Guidance

Victoria’s Secret & Co. (NYSE:VSCO) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.200-2.300 for the period, compared to the consensus earnings per share estimate of 2.250. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

Victoria’s Secret & Co. Stock Down 4.0 %

Shares of NYSE VSCO traded down $1.51 during trading hours on Wednesday, hitting $36.40. The stock had a trading volume of 845,393 shares, compared to its average volume of 1,791,468. The firm’s 50-day moving average price is $40.63 and its two-hundred day moving average price is $30.46. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.73. The company has a market capitalization of $2.86 billion, a P/E ratio of 18.67, a P/E/G ratio of 2.28 and a beta of 2.14. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

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, topping analysts’ consensus estimates of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.86) earnings per share. Analysts anticipate that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $29.00 to $45.00 in a report on Monday, December 9th. BMO Capital Markets raised their price objective on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Telsey Advisory Group restated a “market perform” rating and issued a $40.00 target price on shares of Victoria’s Secret & Co. in a research note on Friday, December 6th. Jefferies Financial Group lifted their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley reduced their price objective on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and an average target price of $40.09.

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.