Village Farms International (NASDAQ:VFF) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Village Farms International (NASDAQ:VFF) issued its quarterly earnings data on Monday. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03, FiscalAI reports. The business had revenue of $66.90 million for the quarter, compared to analyst estimates of $64.38 million. Village Farms International had a net margin of 9.85% and a return on equity of 7.62%.

Village Farms International Stock Performance

Shares of NASDAQ VFF opened at $2.88 on Monday. The company has a current ratio of 3.17, a quick ratio of 2.25 and a debt-to-equity ratio of 0.13. Village Farms International has a 12 month low of $1.80 and a 12 month high of $4.99. The stock has a 50 day moving average of $2.80 and a 200-day moving average of $2.68. The company has a market capitalization of $352.20 million, a P/E ratio of 16.94 and a beta of 1.46.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Weiss Ratings cut Village Farms International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, October 27th. Wall Street Zen lowered shares of Village Farms International from a “buy” rating to a “hold” rating in a research note on Sunday, October 25th. Finally, 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 investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, Village Farms International has a consensus rating of “Hold”.

Insider Buying and Selling at Village Farms International

In other Village Farms International news, Director Christopher C. Woodward purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were acquired at an average price of $3.06 per share, for a total transaction of $30,600.00. Following the purchase, the director owned 171,526 shares in the company, valued at approximately $524,869.56. The trade was a 6.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 13.20% of the company’s stock.

About Village Farms International

Village Farms International, Inc (NASDAQ:VFF) is an agriculture company that grows, markets and distributes fresh produce and cannabis. Its produce business focuses on greenhouse-grown tomatoes, cucumbers and peppers, including conventional and organic offerings sold under the Village Farms brand and through retail and foodservice channels.

The company operates greenhouse and distribution facilities in the United States, Canada and Mexico, serving grocery retailers, wholesalers and foodservice customers across North America.