Torrid (NYSE:CURV) Issues Earnings Results, Beats Expectations By $0.04 EPS

Torrid (NYSE:CURV) announced its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.04, Briefing.com reports. The company had revenue of $275.60 million for the quarter, compared to analyst estimates of $263.34 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.04) EPS.

Torrid Stock Performance

NYSE CURV traded down $0.04 during trading hours on Thursday, hitting $5.57. 290,106 shares of the company’s stock were exchanged, compared to its average volume of 305,135. Torrid has a 12-month low of $2.18 and a 12-month high of $9.14. The business’s 50 day moving average is $6.10 and its 200-day moving average is $4.96. The firm has a market capitalization of $582.97 million, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 1.03 and a beta of 1.99.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CURV shares. Bank of America started coverage on shares of Torrid in a research note on Friday, December 6th. They set a “buy” rating and a $5.00 price target on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $5.00 target price on shares of Torrid in a research note on Friday, March 14th. Morgan Stanley raised their price target on shares of Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Torrid from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.63.

Torrid Company Profile

Torrid Holdings Inc operates in women’s plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid, Torrid Curve, CURV, and Lovesick brand names. It is involved in the sale of tops, bottoms, dresses, denims, activewear, intimates, sleep wear, swim wear, and outerwear products; and non-apparel products comprising accessories, footwear, and beauty products.