Village Farms International (NASDAQ:VFF) Announces Quarterly Earnings Results

Village Farms International (NASDAQ:VFF) announced its quarterly earnings data on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04, FiscalAI reports. The company had revenue of $63.98 million for the quarter, compared to analysts’ expectations of $56.30 million. Village Farms International had a net margin of 18.57% and a return on equity of 8.84%.

Village Farms International Price Performance

Village Farms International stock opened at $2.08 on Monday. The firm has a market capitalization of $237.76 million, a PE ratio of 5.94 and a beta of 1.31. Village Farms International has a 52 week low of $1.61 and a 52 week high of $4.99. The firm’s 50-day simple moving average is $2.02 and its 200 day simple moving average is $2.64. The company has a quick ratio of 2.03, a current ratio of 3.06 and a debt-to-equity ratio of 0.12.

Hedge Funds Weigh In On Village Farms International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VFF. Barclays PLC acquired a new stake in shares of Village Farms International during the fourth quarter worth $29,000. Cetera Investment Advisers increased its stake in Village Farms International by 45.7% in the fourth quarter. Cetera Investment Advisers now owns 34,282 shares of the company’s stock valued at $125,000 after purchasing an additional 10,755 shares during the last quarter. Mariner LLC acquired a new position in Village Farms International in the fourth quarter valued at $44,000. OLD Mission Capital LLC purchased a new position in Village Farms International during the fourth quarter worth about $56,000. Finally, Jane Street Group LLC lifted its position in Village Farms International by 8.9% during the second quarter. Jane Street Group LLC now owns 203,772 shares of the company’s stock worth $224,000 after buying an additional 16,631 shares during the period. Institutional investors and hedge funds own 12.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VFF. Weiss Ratings raised shares of Village Farms International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Zacks Research raised shares of Village Farms International from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Village Farms International has an average rating of “Hold”.

Village Farms International Company Profile

Village Farms International, Inc is a North American agricultural company specializing in greenhouse cultivation of fresh produce and cannabis. Through its wholly owned operations, the company grows a variety of high-quality vegetables, including tomatoes, cucumbers and sweet peppers, using controlled-environment agriculture techniques designed to maximize yield and sustainability. Village Farms leverages advanced climate and hydroponic systems to deliver consistent year-round supply to major grocery retailers across the United States and Canada.

In its produce segment, Village Farms operates large-scale greenhouse facilities in Texas and Canada.