Coffee (NASDAQ:JVA) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Coffee (NASDAQ:JVA) issued its quarterly earnings data on Friday. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03), FiscalAI reports. The company had revenue of $22.13 million during the quarter, compared to the consensus estimate of $24.60 million. Coffee had a net margin of 1.88% and a return on equity of 6.82%.

Coffee Stock Up 0.5%

JVA stock opened at $4.22 on Friday. Coffee has a 12 month low of $2.93 and a 12 month high of $5.63. The firm has a market cap of $24.10 million, a P/E ratio of 12.41 and a beta of 1.37. The company’s 50-day moving average price is $4.41 and its two-hundred day moving average price is $3.88.

Hedge Funds Weigh In On Coffee

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in Coffee in the 4th quarter valued at about $42,000. Virtu Financial LLC bought a new position in Coffee in the 3rd quarter valued at about $53,000. Jump Financial LLC bought a new position in Coffee in the 2nd quarter valued at about $58,000. Acadian Asset Management LLC bought a new position in Coffee in the 1st quarter valued at about $73,000. Finally, Bridgeway Capital Management LLC increased its holdings in Coffee by 14.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock valued at $116,000 after buying an additional 3,389 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Coffee from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Wall Street Zen raised shares of Coffee to a “hold” rating in a research report on Saturday, May 2nd. Finally, Piper Sandler assumed coverage on shares of Coffee in a research report on Monday. They issued a “neutral” rating and a $9.00 price objective on the stock. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Coffee presently has a consensus rating of “Hold” and a consensus price target of $9.00.

About Coffee

Coffee Holding Company, Inc (NASDAQ: JVA) is a specialty coffee roaster and distributor headquartered in Lakewood, New Jersey. The company’s core activities encompass the importation of green coffee beans, artisanal roasting and blending, and the packaging of coffee and tea products for wholesale customers. Through its operations, Coffee Holding Company serves a diverse client base that includes coffeehouses, restaurants, hotels, health care facilities, vending operators and retail chains.

The company’s product offering spans whole‐bean and ground coffees, single‐serve pods, cold brew formats and bulk tea selections, with both branded and private‐label solutions.