Duckhorn Portfolio (NAPA) Set to Announce Quarterly Earnings on Thursday

Duckhorn Portfolio (NYSE:NAPA – Get Rating) is scheduled to be announcing its earnings results after the market closes on Thursday, June 2nd. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Duckhorn Portfolio has set its FY 2022 guidance at $0.550-$0.580 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Duckhorn Portfolio (NYSE:NAPA – Get Rating) last released its quarterly earnings data on Thursday, March 10th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $98.74 million during the quarter, compared to the consensus estimate of $93.16 million. Duckhorn Portfolio had a net margin of 15.28% and a return on equity of 7.11%. On average, analysts expect Duckhorn Portfolio to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Duckhorn Portfolio stock opened at $19.31 on Thursday. The company has a market cap of $2.22 billion, a PE ratio of 40.27, a P/E/G ratio of 3.05 and a beta of 0.16. The company has a fifty day moving average price of $18.87 and a two-hundred day moving average price of $19.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.78 and a quick ratio of 0.93. Duckhorn Portfolio has a 12 month low of $17.20 and a 12 month high of $25.25.

A number of equities analysts have commented on NAPA shares. Evercore ISI started coverage on shares of Duckhorn Portfolio in a report on Monday, March 14th. They issued a “buy” rating and a $26.00 price objective for the company. Zacks Investment Research downgraded shares of Duckhorn Portfolio from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Barclays lifted their price objective on shares of Duckhorn Portfolio from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 15th. Finally, Royal Bank of Canada raised shares of Duckhorn Portfolio from a “sector perform” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Monday, March 28th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Duckhorn Portfolio has an average rating of “Buy” and a consensus target price of $24.11.

In related news, insider Sean B.A. Sullivan sold 15,761 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $20.10, for a total value of $316,796.10. Following the completion of the sale, the insider now owns 166,655 shares of the company’s stock, valued at $3,349,765.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Zach Rasmuson sold 12,500 shares of the business’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $20.10, for a total transaction of $251,250.00. Following the completion of the sale, the insider now owns 447,685 shares in the company, valued at $8,998,468.50. The disclosure for this sale can be found here. Insiders sold 49,175 shares of company stock valued at $965,569 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its position in Duckhorn Portfolio by 24.9% in the second quarter. Royal Bank of Canada now owns 4,299 shares of the company’s stock worth $94,000 after acquiring an additional 857 shares in the last quarter. Morgan Stanley acquired a new stake in Duckhorn Portfolio during the 1st quarter worth about $136,000. Toroso Investments LLC acquired a new stake in Duckhorn Portfolio during the 4th quarter worth about $221,000. Bank of America Corp DE raised its holdings in Duckhorn Portfolio by 1,792.6% during the 2nd quarter. Bank of America Corp DE now owns 9,936 shares of the company’s stock worth $219,000 after buying an additional 9,411 shares during the period. Finally, Metropolitan Life Insurance Co NY raised its holdings in Duckhorn Portfolio by 46.0% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 10,140 shares of the company’s stock worth $237,000 after buying an additional 3,195 shares during the period. Hedge funds and other institutional investors own 95.72% of the company’s stock.

About Duckhorn Portfolio (Get Rating)

The Duckhorn Portfolio, Inc produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing, and Postmark. The company sells wines to distributors, and directly to retail accounts and consumers.

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