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

Village Farms International (NASDAQ:VFF - Get Free Report) issued its quarterly earnings data on Monday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.05), Zacks reports. The business had revenue of $77.07 million during the quarter, compared to the consensus estimate of $78.44 million. Village Farms International had a negative return on equity of 8.26% and a negative net margin of 15.16%.

Village Farms International Price Performance

NASDAQ VFF traded up $0.12 on Friday, reaching $1.05. The company's stock had a trading volume of 1,176,039 shares, compared to its average volume of 469,375. The firm has a market cap of $117.95 million, a PE ratio of -2.33 and a beta of 2.17. The business has a 50-day moving average price of $0.66 and a 200 day moving average price of $0.73. Village Farms International has a 52 week low of $0.45 and a 52 week high of $1.33. The company has a current ratio of 2.05, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16.

Hedge Funds Weigh In On Village Farms International

An institutional investor recently raised its position in Village Farms International stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Village Farms International, Inc. (NASDAQ:VFF - Free Report) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 737,574 shares of the company's stock after buying an additional 35,913 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.66% of Village Farms International worth $446,000 as of its most recent filing with the Securities and Exchange Commission. 12.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners reissued a "buy" rating on shares of Village Farms International in a research report on Tuesday.

Village Farms International Company Profile

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.