Vita Coco (COCO) to Release Earnings on Wednesday

Vita Coco (NASDAQ:COCOGet Rating) is scheduled to release its earnings data after the market closes on Wednesday, May 11th. Analysts expect Vita Coco to post earnings of $0.02 per share for the quarter. Vita Coco has set its FY 2022 guidance at EPS and its Q4 guidance at ($0.06) EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Vita Coco (NASDAQ:COCOGet Rating) last released its earnings results on Thursday, March 10th. The company reported ($0.06) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). On average, analysts expect Vita Coco to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

COCO stock opened at $10.31 on Wednesday. Vita Coco has a one year low of $7.51 and a one year high of $18.61. The stock has a 50 day moving average price of $9.73.

In other Vita Coco news, CEO Martin F. Roper bought 25,000 shares of Vita Coco stock in a transaction that occurred on Friday, March 18th. The shares were acquired at an average price of $9.06 per share, for a total transaction of $226,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kenneth Sadowsky bought 10,000 shares of Vita Coco stock in a transaction that occurred on Monday, March 14th. The shares were acquired at an average price of $7.87 per share, for a total transaction of $78,700.00. The disclosure for this purchase can be found here. Insiders have bought a total of 85,000 shares of company stock valued at $727,700 over the last three months.

Several large investors have recently bought and sold shares of the stock. Citigroup Inc. acquired a new position in Vita Coco in the 4th quarter worth $45,000. JPMorgan Chase & Co. acquired a new position in Vita Coco in the 4th quarter worth $47,000. California State Teachers Retirement System acquired a new position in Vita Coco in the 4th quarter worth $67,000. Deutsche Bank AG acquired a new position in Vita Coco in the 4th quarter worth $75,000. Finally, Penserra Capital Management LLC acquired a new position in Vita Coco in the 4th quarter worth $84,000. Institutional investors and hedge funds own 16.12% of the company’s stock.

Several research firms have commented on COCO. Credit Suisse Group lowered their target price on shares of Vita Coco from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, March 11th. The Goldman Sachs Group lowered their price objective on shares of Vita Coco from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, April 4th. Bank of America cut shares of Vita Coco from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $15.00 to $10.00 in a research note on Monday, March 14th. Finally, Wells Fargo & Company lowered their price objective on shares of Vita Coco from $15.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, March 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $15.43.

Vita Coco Company Profile (Get Rating)

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, and the Asia Pacific. The company offers coconut oil and coconut milk; Hydration Drink Mix, a powdered form of flavored coconut water; sparkling water; Runa, a plant-based energy drink; purified water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.

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