Duckhorn Portfolio (NYSE:NAPA) Posts Earnings Results, Beats Expectations By $0.04 EPS

Duckhorn Portfolio (NYSE:NAPAGet Free Report) announced its quarterly earnings data on Monday. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04, Briefing.com reports. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.45%. The firm had revenue of $107.40 million for the quarter, compared to the consensus estimate of $104.76 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis.

Duckhorn Portfolio Trading Down 0.2 %

Shares of NYSE:NAPA traded down $0.02 during mid-day trading on Wednesday, reaching $10.94. The stock had a trading volume of 5,266,048 shares, compared to its average volume of 1,402,901. The firm has a market cap of $1.61 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 4.86 and a beta of 0.21. The firm has a 50 day simple moving average of $6.40 and a two-hundred day simple moving average of $7.37. The company has a current ratio of 8.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. Duckhorn Portfolio has a twelve month low of $5.38 and a twelve month high of $11.08.

Institutional Trading of Duckhorn Portfolio

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Simon Quick Advisors LLC acquired a new position in shares of Duckhorn Portfolio in the second quarter valued at about $85,000. Canada Pension Plan Investment Board bought a new position in shares of Duckhorn Portfolio in the second quarter worth about $101,000. Bayesian Capital Management LP bought a new position in Duckhorn Portfolio in the 1st quarter valued at approximately $133,000. BOKF NA bought a new position in Duckhorn Portfolio in the 2nd quarter valued at approximately $133,000. Finally, Bleakley Financial Group LLC bought a new position in Duckhorn Portfolio in the 1st quarter valued at approximately $136,000.

Wall Street Analysts Forecast Growth

Separately, Barclays boosted their target price on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.29.

Read Our Latest Stock Analysis on NAPA

About Duckhorn Portfolio

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The Duckhorn Portfolio, Inc produces and sells wines in North America. The company offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. It sells wines to distributors, and directly to retail accounts and consumers.

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Earnings History for Duckhorn Portfolio (NYSE:NAPA)

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