Village Farms International (NASDAQ:VFF) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Key Points

• Village Farms International reported a quarterly earnings per share (EPS) of $0.10, beating the consensus estimate of ($0.02) by $0.12.
• The company has a market capitalization of $193.22 million and experienced a significant price fluctuation with a 52-week range from $0.45 to $1.72.
• Insider activity includes CFO Stephen C. Ruffini acquiring 25,000 shares at an average price of $1.21, increasing his ownership position in the company.

Village Farms International (NASDAQ:VFF - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.12, Zacks reports. Village Farms International had a net margin of 3.42% and a negative return on equity of 2.24%. The company had revenue of $59.90 million for the quarter, compared to the consensus estimate of $48.86 million.

Village Farms International Stock Performance

Shares of VFF stock traded up $0.22 during mid-day trading on Thursday, hitting $2.82. The stock had a trading volume of 3,569,002 shares, compared to its average volume of 930,155. Village Farms International has a fifty-two week low of $0.45 and a fifty-two week high of $2.91. The firm has a market cap of $317.64 million, a PE ratio of 31.34 and a beta of 2.14. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.65 and a quick ratio of 0.98. The company's 50-day simple moving average is $1.36 and its 200-day simple moving average is $0.97.

Insider Activity at Village Farms International

In other news, CFO Stephen C. Ruffini bought 25,000 shares of Village Farms International stock in a transaction dated Friday, May 30th. The stock was bought at an average price of $1.21 per share, for a total transaction of $30,250.00. Following the purchase, the chief financial officer owned 9,783,127 shares of the company's stock, valued at approximately $11,837,583.67. The trade was a 0.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 12.60% of the company's stock.

Institutional Trading of Village Farms International

A hedge fund recently raised its stake in Village Farms International stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Village Farms International, Inc. (NASDAQ:VFF - Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 737,574 shares of the company's stock after purchasing an additional 35,913 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.66% of Village Farms International worth $446,000 as of its most recent SEC filing. Institutional investors own 12.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Zelman & Associates reissued an "overweight" rating on shares of Village Farms International in a research report on Monday, June 9th. Wall Street Zen downgraded shares of Village Farms International from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Alliance Global Partners restated a "buy" rating on shares of Village Farms International in a research note on Tuesday, May 13th.

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.