Q2 2023 EPS Estimates for Village Farms International, Inc. (NASDAQ:VFF) Lowered by Analyst

Village Farms International, Inc. (NASDAQ:VFF – Get Rating) – Analysts at Atb Cap Markets lowered their Q2 2023 earnings per share (EPS) estimates for shares of Village Farms International in a research report issued to clients and investors on Wednesday, May 10th. Atb Cap Markets analyst F. Gomes now expects that the company will post earnings per share of ($0.05) for the quarter, down from their previous forecast of ($0.02). The consensus estimate for Village Farms International’s current full-year earnings is ($0.15) per share. Atb Cap Markets also issued estimates for Village Farms International’s Q3 2023 earnings at ($0.03) EPS, FY2023 earnings at ($0.17) EPS and FY2024 earnings at ($0.09) EPS.

Several other equities research analysts also recently weighed in on the company. Cantor Fitzgerald cut their price objective on Village Farms International from $7.25 to $4.15 and set an “overweight” rating on the stock in a report on Friday, March 10th. Alliance Global Partners cut their target price on Village Farms International from $3.00 to $2.50 in a report on Wednesday, May 10th. Finally, Raymond James downgraded Village Farms International from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $11.00 to $2.50 in a report on Monday, February 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.04.

Village Farms International Trading Up 2.8 %

NASDAQ VFF opened at $0.74 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.84 and a debt-to-equity ratio of 0.17. Village Farms International has a twelve month low of $0.66 and a twelve month high of $3.53. The company has a market cap of $81.58 million, a price-to-earnings ratio of -0.66 and a beta of 2.63. The business’s fifty day moving average is $0.82 and its 200 day moving average is $1.29.

Village Farms International (NASDAQ:VFF – Get Rating) last released its quarterly earnings data on Thursday, March 9th. The company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). Village Farms International had a negative return on equity of 7.74% and a negative net margin of 34.45%. The company had revenue of $69.46 million for the quarter, compared to the consensus estimate of $71.14 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VFF. ExodusPoint Capital Management LP acquired a new position in shares of Village Farms International in the 2nd quarter valued at about $30,000. NewEdge Advisors LLC lifted its stake in shares of Village Farms International by 87.5% in the 1st quarter. NewEdge Advisors LLC now owns 37,511 shares of the company’s stock valued at $31,000 after purchasing an additional 17,500 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Village Farms International in the 4th quarter valued at about $32,000. Sustainable Insight Capital Management LLC acquired a new position in shares of Village Farms International in the 1st quarter valued at about $38,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Village Farms International in the 3rd quarter valued at about $45,000. 14.16% of the stock is owned by institutional investors and hedge funds.

About Village Farms International

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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.