The Whitewave Foods Company (NYSE:WWAV) announced its earnings results on Thursday. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.01, American Banking News.com reports. The company had revenue of $639.00 million for the quarter, compared to the consensus estimate of $632.19 million. During the same quarter last year, the company posted $0.16 earnings per share. The Whitewave Foods Company’s revenue was up 11.1% compared to the same quarter last year. The Whitewave Foods Company updated its Q4 guidance to $0.19-0.20 EPS.
A number of research firms have recently commented on WWAV. Analysts at Credit Suisse initiated coverage on shares of The Whitewave Foods Company in a research note to investors on Friday. They set an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets downgraded shares of The Whitewave Foods Company from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, September 30th. They now have a $17.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $19.36.
The Whitewave Foods Company (NYSE:WWAV) opened at 20.00 on Friday. The Whitewave Foods Company has a 52-week low of $14.22 and a 52-week high of $20.63. The stock’s 50-day moving average is $19.57 and its 200-day moving average is $18.50. The company has a market cap of $3.462 billion and a price-to-earnings ratio of 33.50.
WWF Operating Company is a consumer packaged food and beverage company. The Company manufactures, markets, distributes, and sells plant-based foods and beverages, coffee creamers and beverages, and dairy products throughout North America and Europe.
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