Village Farms International (NASDAQ:VFF) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Village Farms International (NASDAQ:VFF) issued its quarterly earnings data on Monday. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05, Zacks reports. Village Farms International had a negative return on equity of 2.24% and a net margin of 3.42%.The firm had revenue of $66.74 million during the quarter, compared to analysts’ expectations of $58.63 million.

Village Farms International Price Performance

Shares of NASDAQ VFF opened at $3.61 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.65. The company has a market cap of $406.64 million, a PE ratio of 40.12 and a beta of 2.27. The business has a 50-day simple moving average of $3.00 and a two-hundred day simple moving average of $2.02. Village Farms International has a fifty-two week low of $0.45 and a fifty-two week high of $3.79.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VFF. Wall Street Zen upgraded shares of Village Farms International from a “sell” rating to a “buy” rating in a report on Sunday, August 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Village Farms International in a research report on Thursday, October 30th. Finally, Zacks Research lowered shares of Village Farms International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Hilton Capital Management LLC purchased a new stake in Village Farms International in the second quarter valued at approximately $94,000. Jane Street Group LLC lifted its stake in Village Farms International by 8.9% during the 2nd quarter. Jane Street Group LLC now owns 203,772 shares of the company’s stock valued at $224,000 after acquiring an additional 16,631 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Village Farms International by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 737,574 shares of the company’s stock valued at $446,000 after acquiring an additional 35,913 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of Village Farms International by 3.3% in the 2nd quarter. Tidal Investments LLC now owns 2,778,410 shares of the company’s stock valued at $3,056,000 after acquiring an additional 87,726 shares during the last quarter. 12.15% of the stock is currently owned by hedge funds and other institutional investors.

About Village Farms International

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.