a.k.a. Brands (NYSE:AKA) Posts Quarterly Earnings Results

a.k.a. Brands (NYSE:AKA) released its quarterly earnings data on Wednesday. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.08, Zacks reports. The business had revenue of $148.93 million during the quarter, compared to the consensus estimate of $134.86 million. a.k.a. Brands had a negative net margin of 18.11% and a negative return on equity of 17.80%. During the same quarter in the prior year, the firm earned ($0.48) EPS. a.k.a. Brands updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

a.k.a. Brands Price Performance

Shares of NYSE AKA traded down $0.66 during trading on Friday, hitting $16.24. The company had a trading volume of 15,539 shares, compared to its average volume of 8,263. The firm has a market capitalization of $170.28 million, a price-to-earnings ratio of -1.81 and a beta of 1.36. a.k.a. Brands has a fifty-two week low of $3.81 and a fifty-two week high of $33.73. The stock has a fifty day simple moving average of $15.69 and a two-hundred day simple moving average of $13.91. The company has a quick ratio of 0.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.73.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AKA shares. Telsey Advisory Group reduced their target price on shares of a.k.a. Brands from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday. Truist Financial dropped their price objective on shares of a.k.a. Brands from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday.

About a.k.a. Brands

a.k.a. Brands Holding Corp. operates a portfolio of online fashion brands in the United States, Australia, and internationally. The company offers streetwear apparel, dresses, tops, bottoms, shoes, headwear, and accessories through its online stores under the Princess Polly, Petal & Pup, Culture Kings, and mnml brands.