Village Farms International (NASDAQ:VFF) Releases Earnings Results, Misses Expectations By $0.06 EPS

Village Farms International (NASDAQ:VFF – Get Rating) announced its earnings results on Tuesday. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06), MarketWatch Earnings reports. Village Farms International had a negative net margin of 3.39% and a negative return on equity of 1.83%. During the same quarter in the prior year, the firm posted ($0.07) EPS.

Village Farms International stock traded down $0.29 during midday trading on Wednesday, hitting $3.07. The stock had a trading volume of 62,991 shares, compared to its average volume of 793,593. Village Farms International has a 52-week low of $2.81 and a 52-week high of $11.45. The company has a current ratio of 2.72, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $271.89 million, a PE ratio of -24.58 and a beta of 3.05. The firm’s fifty day moving average is $4.79 and its two-hundred day moving average is $5.84.

In other Village Farms International news, CEO Michael A. Degiglio sold 90,000 shares of the stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of $5.32, for a total transaction of $478,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 14.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of VFF. Royal Bank of Canada grew its holdings in shares of Village Farms International by 133.1% in the third quarter. Royal Bank of Canada now owns 155,502 shares of the company’s stock valued at $1,296,000 after purchasing an additional 625,410 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Village Farms International during the third quarter worth $1,715,000. Renaissance Technologies LLC bought a new stake in shares of Village Farms International during the fourth quarter worth $1,235,000. Morgan Stanley lifted its position in shares of Village Farms International by 59.2% during the second quarter. Morgan Stanley now owns 422,373 shares of the company’s stock worth $4,519,000 after purchasing an additional 157,076 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Village Farms International during the fourth quarter worth $888,000. 30.82% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the stock. Raymond James cut shares of Village Farms International from a “strong-buy” rating to an “outperform” rating in a report on Wednesday. Cantor Fitzgerald dropped their price target on shares of Village Farms International from $12.75 to $9.30 and set an “overweight” rating on the stock in a research note on Monday, March 7th. Zacks Investment Research lowered Village Farms International from a “hold” rating to a “sell” rating in a research report on Wednesday, March 9th. Craig Hallum decreased their target price on Village Farms International from $15.00 to $5.00 in a research report on Wednesday. Finally, Stifel Nicolaus lowered Village Farms International from a “buy” rating to a “hold” rating in a research report on Friday, March 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $13.22.

Village Farms International Company Profile (Get Rating)

Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes 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 owns and operates a power plant that generates and sells electricity, and provides thermal heat to British Columbia Hydro and Power Authority; produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; and develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications.

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