Coffee (NASDAQ:JVA) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Coffee (NASDAQ:JVA) released its quarterly earnings results on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03), FiscalAI reports. The company had revenue of $22.13 million for the quarter, compared to the consensus estimate of $24.60 million. Coffee had a return on equity of 6.82% and a net margin of 1.88%.

Coffee Trading Up 0.5%

NASDAQ:JVA traded up $0.02 during mid-day trading on Friday, hitting $4.22. 31,380 shares of the company’s stock traded hands, compared to its average volume of 86,545. The firm has a 50 day moving average of $4.41 and a two-hundred day moving average of $3.88. Coffee has a 12 month low of $2.93 and a 12 month high of $5.63. The firm has a market capitalization of $24.09 million, a price-to-earnings ratio of 12.41 and a beta of 1.37.

Institutional Trading of Coffee

A number of hedge funds have recently modified their holdings of JVA. Acadian Asset Management LLC bought a new stake in shares of Coffee in the 1st quarter worth approximately $73,000. XTX Topco Ltd bought a new stake in shares of Coffee in the 2nd quarter worth approximately $77,000. Jump Financial LLC bought a new stake in shares of Coffee in the 2nd quarter worth approximately $58,000. Jane Street Group LLC bought a new stake in shares of Coffee in the 2nd quarter worth approximately $118,000. Finally, Bridgeway Capital Management LLC lifted its position in shares of Coffee by 14.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock worth $116,000 after acquiring an additional 3,389 shares during the period.

Wall Street Analysts Forecast Growth

JVA has been the subject of several recent analyst reports. Piper Sandler started coverage on Coffee in a research note on Monday. They set a “neutral” rating and a $9.00 price target for the company. Wall Street Zen upgraded Coffee to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings upgraded Coffee from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9.00.

Coffee Company Profile

Coffee Holding Company, Inc (NASDAQ: JVA) is a specialty coffee roaster and distributor headquartered in Lakewood, New Jersey. The company’s core activities encompass the importation of green coffee beans, artisanal roasting and blending, and the packaging of coffee and tea products for wholesale customers. Through its operations, Coffee Holding Company serves a diverse client base that includes coffeehouses, restaurants, hotels, health care facilities, vending operators and retail chains.

The company’s product offering spans whole‐bean and ground coffees, single‐serve pods, cold brew formats and bulk tea selections, with both branded and private‐label solutions.