Alliance Global Partners Comments on Village Farms International, Inc.’s Q2 2024 Earnings (NASDAQ:VFF)

Village Farms International, Inc. (NASDAQ:VFF) – Equities research analysts at Alliance Global Partners upped their Q2 2024 earnings per share estimates for shares of Village Farms International in a research report issued on Wednesday, November 8th. Alliance Global Partners analyst A. Grey now anticipates that the company will post earnings per share of $0.00 for the quarter, up from their prior estimate of ($0.01). The consensus estimate for Village Farms International’s current full-year earnings is ($0.13) per share. Alliance Global Partners also issued estimates for Village Farms International’s Q3 2024 earnings at $0.00 EPS.

Village Farms International (NASDAQ:VFF) last announced its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $77.21 million during the quarter, compared to the consensus estimate of $71.57 million. Village Farms International had a negative return on equity of 4.63% and a negative net margin of 20.88%.

Several other analysts have also issued reports on VFF. Roth Mkm reiterated a “buy” rating and set a $1.75 price objective on shares of Village Farms International in a report on Wednesday, August 23rd. Craig Hallum upgraded Village Farms International from a “hold” rating to a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2.73.

Village Farms International Price Performance

VFF opened at $0.66 on Friday. The stock has a fifty day moving average of $0.81 and a 200-day moving average of $0.73. The firm has a market capitalization of $72.71 million, a P/E ratio of -1.06 and a beta of 2.47. Village Farms International has a 12-month low of $0.55 and a 12-month high of $2.42. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VFF. Raymond James Trust N.A. acquired a new position in shares of Village Farms International in the 1st quarter valued at $53,000. Industrial Alliance Investment Management Inc. bought a new stake in Village Farms International in the 1st quarter valued at $3,543,000. Invesco Ltd. bought a new stake in Village Farms International in the 1st quarter valued at $270,000. Goldman Sachs Group Inc. lifted its position in Village Farms International by 71.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 290,238 shares of the company’s stock valued at $1,533,000 after acquiring an additional 120,654 shares in the last quarter. Finally, BNP Paribas Arbitrage SA bought a new stake in Village Farms International in the 1st quarter valued at $124,000. Institutional investors own 12.38% of the company’s stock.

Village Farms International Company Profile

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells 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.