a.k.a. Brands (NYSE:AKA) Announces Earnings Results, Beats Estimates By $0.08 EPS

a.k.a. Brands (NYSE:AKA) released its quarterly earnings results on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.08, Zacks reports. a.k.a. Brands had a negative net margin of 18.11% and a negative return on equity of 17.80%. The company had revenue of $148.93 million during the quarter, compared to the consensus estimate of $134.86 million. During the same period in the prior year, the firm earned ($0.48) earnings per share. 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 AKA stock traded down $0.66 on Friday, hitting $16.24. 15,539 shares of the stock traded hands, compared to its average volume of 8,263. The firm has a market cap of $170.28 million, a price-to-earnings ratio of -1.81 and a beta of 1.36. a.k.a. Brands has a 52 week low of $3.81 and a 52 week high of $33.73. The firm has a 50 day simple moving average of $15.69 and a two-hundred day simple moving average of $13.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.62 and a quick ratio of 0.51.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Telsey Advisory Group cut their price objective on shares of a.k.a. Brands from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday. Truist Financial cut 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 report 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.