Equities research analysts expect that Mission Produce, Inc. (NASDAQ:AVO – Get Rating) will post $218.57 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Mission Produce’s earnings, with the highest sales estimate coming in at $219.73 million and the lowest estimate coming in at $217.40 million. Mission Produce posted sales of $234.70 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.9%. The company is expected to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Mission Produce will report full year sales of $951.96 million for the current financial year, with estimates ranging from $946.20 million to $957.71 million. For the next year, analysts expect that the business will report sales of $1.05 billion, with estimates ranging from $1.02 billion to $1.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Mission Produce.
Mission Produce (NASDAQ:AVO – Get Rating) last posted its quarterly earnings data on Thursday, March 10th. The company reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.23). Mission Produce had a return on equity of 6.38% and a net margin of 3.13%. The firm had revenue of $216.60 million for the quarter, compared to analyst estimates of $243.24 million. During the same quarter last year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 25.1% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Mission Produce by 8.8% in the third quarter. Goldman Sachs Group Inc. now owns 98,996 shares of the company’s stock valued at $1,820,000 after purchasing an additional 8,005 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Mission Produce by 1.5% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 602,294 shares of the company’s stock valued at $11,070,000 after purchasing an additional 9,141 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Mission Produce by 89.6% in the third quarter. Citigroup Inc. now owns 4,773 shares of the company’s stock valued at $88,000 after purchasing an additional 2,256 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Mission Produce by 14.0% in the third quarter. American Century Companies Inc. now owns 24,362 shares of the company’s stock valued at $448,000 after purchasing an additional 2,988 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Mission Produce during the third quarter worth about $389,000. Institutional investors own 21.91% of the company’s stock.
Shares of NASDAQ AVO opened at $12.96 on Friday. The firm has a market cap of $915.39 million, a PE ratio of 31.61, a P/E/G ratio of 2.71 and a beta of 0.56. Mission Produce has a 12-month low of $11.04 and a 12-month high of $22.93. The company’s fifty day simple moving average is $12.70 and its 200 day simple moving average is $15.40. The company has a quick ratio of 1.45, a current ratio of 2.13 and a debt-to-equity ratio of 0.30.
About Mission Produce (Get Rating)
Mission Produce, Inc engages in sourcing, producing, packaging, and distributing avocados in the United States and internationally. The company operates through two segments, Marketing and Distribution, and International Farming. It also provides value-added services, including ripening, bagging, custom packing, and logistical management.
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