Wall Street analysts expect Mission Produce, Inc. (NASDAQ:AVO – Get Rating) to post ($0.01) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Mission Produce’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at ($0.06). Mission Produce reported earnings of $0.12 per share during the same quarter last year, which would suggest a negative year over year growth rate of 108.3%. The business is scheduled to issue its next earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Mission Produce will report full year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.56. For the next financial year, analysts forecast that the firm will report earnings of $0.90 per share, with EPS estimates ranging from $0.86 to $0.97. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Mission Produce.
Mission Produce (NASDAQ:AVO – Get Rating) last issued its quarterly earnings results on Thursday, March 10th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.23). The firm had revenue of $216.60 million for the quarter, compared to analyst estimates of $243.24 million. Mission Produce had a net margin of 3.13% and a return on equity of 6.38%. The company’s revenue was up 25.1% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS.
Shares of AVO stock opened at $13.94 on Wednesday. The company has a market capitalization of $984.61 million, a P/E ratio of 34.00, a price-to-earnings-growth ratio of 2.65 and a beta of 0.37. Mission Produce has a 52 week low of $11.04 and a 52 week high of $22.93. The company’s 50 day moving average price is $13.02 and its two-hundred day moving average price is $14.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 2.13.
Several hedge funds have recently made changes to their positions in AVO. Royal Bank of Canada boosted its stake in Mission Produce by 49.2% during the second quarter. Royal Bank of Canada now owns 5,694 shares of the company’s stock worth $118,000 after acquiring an additional 1,877 shares in the last quarter. Invesco Ltd. bought a new position in Mission Produce in the second quarter worth approximately $278,000. Morgan Stanley grew its stake in Mission Produce by 256.5% in the second quarter. Morgan Stanley now owns 182,325 shares of the company’s stock valued at $3,775,000 after acquiring an additional 131,185 shares during the period. BlackRock Inc. raised its position in shares of Mission Produce by 3.7% during the third quarter. BlackRock Inc. now owns 2,136,346 shares of the company’s stock worth $39,265,000 after purchasing an additional 75,406 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of Mission Produce by 89.6% in the 3rd quarter. Citigroup Inc. now owns 4,773 shares of the company’s stock worth $88,000 after purchasing an additional 2,256 shares in the last quarter. 37.30% of the stock is owned by institutional investors.
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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