Willamette Valley Vineyards (NASDAQ:WVVI) Releases Earnings Results

Willamette Valley Vineyards (NASDAQ:WVVI) announced its quarterly earnings data on Thursday. The company reported ($0.33) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $8.35 million during the quarter. Willamette Valley Vineyards had a negative net margin of 2.58% and a negative return on equity of 3.94%.

Willamette Valley Vineyards Trading Up 1.6%

WVVI traded up $0.05 during midday trading on Friday, reaching $2.81. 2,662 shares of the company’s stock traded hands, compared to its average volume of 9,775. Willamette Valley Vineyards has a 52 week low of $2.49 and a 52 week high of $7.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.07 and a quick ratio of 0.37. The firm has a fifty day moving average of $3.70 and a two-hundred day moving average of $4.75. The stock has a market capitalization of $13.92 million, a price-to-earnings ratio of -5.29 and a beta of 0.35.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Willamette Valley Vineyards stock. Raymond James Financial Inc. acquired a new position in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,362 shares of the company’s stock, valued at approximately $41,000. Raymond James Financial Inc. owned 0.15% of Willamette Valley Vineyards at the end of the most recent reporting period. 12.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Willamette Valley Vineyards in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Willamette Valley Vineyards currently has an average rating of “Sell”.

About Willamette Valley Vineyards

Willamette Valley Vineyards, Inc produces and sells wine in the United States and internationally. The company operates through two segments, Direct Sales and Distributor Sales. It primarily offers Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Sauvignon Blanc, Gruner Veltliner, Rose, Brut, Brut Rose, and Riesling branded wines under the Willamette Valley Vineyards label; Semi-Sparkling Muscat branded wine under the Tualatin Estate Vineyards label; Syrah, Merlot, Cabernet Sauvignon, Grenache, Cabernet Franc, Tempranillo, Malbec, The Griffin, and Viognier branded wines under the Griffin Creek label; and Brut, Brut Rose, and Blanc de Blancs under the Domaine Willamette label.