Vipshop (NYSE:VIPS) released its quarterly earnings data on Wednesday. The technology company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $1.46, Briefing.com reports. The company had revenue of $21.72 billion for the quarter, compared to analyst estimates of $21.60 billion. Vipshop had a return on equity of 12.56% and a net margin of 2.89%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. Vipshop updated its Q3 2019 guidance to EPS.

Shares of VIPS stock traded up $0.93 during trading hours on Thursday, reaching $7.19. 1,426,924 shares of the company’s stock were exchanged, compared to its average volume of 5,381,571. The firm has a market cap of $4.17 billion, a P/E ratio of 16.74 and a beta of 1.93. The business’s 50 day simple moving average is $7.70. Vipshop has a 1 year low of $4.30 and a 1 year high of $9.26.

VIPS has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised Vipshop from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $6.50 to $11.00 in a research note on Tuesday, April 30th. CICC Research raised Vipshop from a “neutral” rating to an “outperform” rating in a research note on Thursday. Credit Suisse Group raised Vipshop from a “neutral” rating to an “outperform” rating in a research note on Thursday. Jefferies Financial Group raised Vipshop from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, ValuEngine downgraded Vipshop from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $8.11.

Vipshop Company Profile

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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Earnings History for Vipshop (NYSE:VIPS)

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