Savers Value Village (SVV) to Release Quarterly Earnings on Thursday

Savers Value Village (NYSE:SVV) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Savers Value Village has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). Savers Value Village had a return on equity of 2.88% and a net margin of 2.47%. The firm had revenue of $396.70 million for the quarter, compared to analysts’ expectations of $391.13 million. During the same quarter in the prior year, the business posted $0.22 earnings per share. Savers Value Village’s revenue was up 4.6% on a year-over-year basis. On average, analysts expect Savers Value Village to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Savers Value Village Stock Down 1.4 %

Shares of NYSE:SVV traded down $0.14 during midday trading on Tuesday, hitting $10.19. 6,663 shares of the stock were exchanged, compared to its average volume of 721,570. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.87 and a current ratio of 1.03. Savers Value Village has a 52-week low of $7.78 and a 52-week high of $21.33. The business’s fifty day simple moving average is $9.92 and its two-hundred day simple moving average is $11.55. The company has a market capitalization of $1.64 billion, a PE ratio of 44.91 and a beta of 1.59.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SVV shares. Robert W. Baird cut their price objective on Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. lowered Savers Value Village from an “overweight” rating to a “neutral” rating and cut their target price for the company from $21.00 to $12.00 in a report on Monday, July 22nd. Loop Capital cut their target price on Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Piper Sandler cut their target price on Savers Value Village from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Finally, The Goldman Sachs Group lowered Savers Value Village from a “buy” rating to a “neutral” rating and cut their target price for the company from $14.00 to $10.00 in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.20.

About Savers Value Village

Savers Value Village, Inc sells second-hand merchandise in retail stores in the United States, Canada, and Australia. It operates stores under the Savers, Value Village, Value Village Boutique, Village des Valeurs, Unique, and 2nd Avenue brands. The company purchases secondhand textiles, including clothing, bedding, and bath items; shoes; accessories; housewares; books; and other goods from non-profit partners and then processes, selects, prices, merchandises, and sells them in its stores.