Village Farms International (NASDAQ:VFF) released its quarterly earnings results on Thursday. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.23), Briefing.com reports. The company had revenue of $47.30 million during the quarter, compared to analysts’ expectations of $44.40 million. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year.
Shares of VFF stock traded down $0.48 on Friday, hitting $6.32. 2,008,800 shares of the stock traded hands, compared to its average volume of 902,687. Village Farms International has a 1-year low of $2.93 and a 1-year high of $18.10. The company’s fifty day moving average is $8.05 and its 200 day moving average is $10.46. The company has a market capitalization of $371.51 million and a PE ratio of -57.45.
A number of equities analysts have issued reports on VFF shares. Zacks Investment Research lowered Village Farms International from a “strong-buy” rating to a “hold” rating in a research report on Saturday, October 26th. Craig Hallum assumed coverage on Village Farms International in a research report on Tuesday, July 23rd. They set a “buy” rating on the stock. Roth Capital set a $29.00 price target on Village Farms International and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Alliance Global Partners assumed coverage on Village Farms International in a research report on Thursday, September 19th. They set a “buy” rating on the stock.
About Village Farms International
Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. The company operates in two segments, Produce Business and Energy Business. It also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority.
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