Village Farms International, Inc. (NASDAQ:VFF – Get Rating) – Raymond James dropped their Q2 2022 earnings per share (EPS) estimates for shares of Village Farms International in a research report issued to clients and investors on Wednesday, July 20th. Raymond James analyst R. Sarugaser now anticipates that the company will post earnings of ($0.07) per share for the quarter, down from their previous forecast of ($0.05). Raymond James currently has a “Outperform” rating and a $11.00 target price on the stock. The consensus estimate for Village Farms International’s current full-year earnings is ($0.22) per share. Raymond James also issued estimates for Village Farms International’s Q3 2022 earnings at ($0.06) EPS, Q4 2022 earnings at ($0.02) EPS, FY2022 earnings at ($0.23) EPS, FY2023 earnings at $0.06 EPS, FY2024 earnings at $0.51 EPS, FY2025 earnings at $0.83 EPS and FY2026 earnings at $1.00 EPS.
Village Farms International (NASDAQ:VFF – Get Rating) last announced its earnings results on Tuesday, May 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The company had revenue of $70.16 million for the quarter, compared to analyst estimates of $69.70 million. Village Farms International had a negative return on equity of 2.13% and a negative net margin of 2.87%. During the same period last year, the firm earned ($0.07) earnings per share.
Village Farms International Stock Down 7.6 %
NASDAQ:VFF opened at $2.90 on Monday. The firm has a market capitalization of $256.83 million, a P/E ratio of -32.22 and a beta of 2.96. Village Farms International has a 12-month low of $2.52 and a 12-month high of $10.20. The company has a quick ratio of 1.30, a current ratio of 2.38 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $2.91 and its 200-day simple moving average is $4.26.
Hedge Funds Weigh In On Village Farms International
Large investors have recently made changes to their positions in the stock. KRS Capital Management LLC purchased a new stake in Village Farms International during the fourth quarter worth approximately $38,000. Shell Asset Management Co. lifted its position in shares of Village Farms International by 46.7% in the fourth quarter. Shell Asset Management Co. now owns 8,211 shares of the company’s stock worth $53,000 after purchasing an additional 2,613 shares in the last quarter. Raymond James Trust N.A. acquired a new position in Village Farms International in the first quarter worth approximately $53,000. Dupont Capital Management Corp acquired a new stake in shares of Village Farms International in the fourth quarter worth $55,000. Finally, Bourgeon Capital Management LLC lifted its holdings in shares of Village Farms International by 28.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 9,153 shares of the company’s stock valued at $59,000 after acquiring an additional 2,000 shares during the period. 30.82% of the stock is currently owned by institutional investors and hedge funds.
About Village Farms International
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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