Village Farms International (NASDAQ:VFF) Announces Earnings Results, Beats Estimates By $0.04 EPS

Key Points

• Village Farms International beat quarterly expectations, reporting EPS of $0.06 versus the $0.02 consensus estimate and revenue of $63.98 million versus $56.30 million expected.
• The stock opened at $2.08, with a market capitalization of approximately $237.8 million and a 52-week range of $1.61 to $4.99.
• Institutional ownership stands at 12.15%, while analysts maintain a consensus “Hold” rating; Zacks Research recently upgraded the stock from “strong sell” to “hold.”

Village Farms International (NASDAQ:VFF - Get Free Report) announced its earnings results on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04, FiscalAI reports. Village Farms International had a net margin of 18.57% and a return on equity of 8.84%. The company had revenue of $63.98 million for the quarter, compared to analysts' expectations of $56.30 million.

Village Farms International Price Performance

• Village Farms International NASDAQ: VFF Stock is a Unique Cannabis ESG Play

Shares of NASDAQ:VFF opened at $2.08 on Monday. Village Farms International has a fifty-two week low of $1.61 and a fifty-two week high of $4.99. The firm's 50 day moving average price is $2.02 and its 200 day moving average price is $2.64. The stock has a market cap of $237.76 million, a price-to-earnings ratio of 5.94 and a beta of 1.31. The company has a quick ratio of 2.03, a current ratio of 3.06 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On Village Farms International

Institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP boosted its stake in Village Farms International by 187.2% in the third quarter. Two Sigma Investments LP now owns 1,724,648 shares of the company's stock valued at $5,398,000 after acquiring an additional 1,124,085 shares in the last quarter. Millennium Management LLC lifted its stake in Village Farms International by 2,050.2% in the third quarter. Millennium Management LLC now owns 1,005,263 shares of the company's stock valued at $3,146,000 after buying an additional 958,511 shares during the last quarter. Jump Financial LLC purchased a new stake in Village Farms International in the 4th quarter valued at $598,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Village Farms International in the fourth quarter valued at about $561,000. Finally, Squarepoint Ops LLC acquired a new stake in Village Farms International during the 4th quarter worth approximately $370,000. Hedge funds and other institutional investors own 12.15% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of Village Farms International from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Weiss Ratings upgraded shares of Village Farms International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Village Farms International has a consensus rating of "Hold".

About Village Farms International

Village Farms International, Inc is a North American agricultural company specializing in greenhouse cultivation of fresh produce and cannabis. Through its wholly owned operations, the company grows a variety of high-quality vegetables, including tomatoes, cucumbers and sweet peppers, using controlled-environment agriculture techniques designed to maximize yield and sustainability. Village Farms leverages advanced climate and hydroponic systems to deliver consistent year-round supply to major grocery retailers across the United States and Canada.

In its produce segment, Village Farms operates large-scale greenhouse facilities in Texas and Canada.

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