Vita Coco (COCO) Set to Announce Quarterly Earnings on Wednesday

Vita Coco (NASDAQ:COCO) will announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Vita Coco has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Vita Coco had a return on equity of 24.27% and a net margin of 9.45%. The firm had revenue of $106.10 million during the quarter, compared to the consensus estimate of $99.63 million. During the same period in the prior year, the business earned $0.04 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, analysts expect Vita Coco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vita Coco Price Performance

NASDAQ:COCO opened at $24.75 on Monday. The stock’s 50-day moving average is $24.33 and its two-hundred day moving average is $25.02. The stock has a market cap of $1.40 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 1.98 and a beta of 0.16. Vita Coco has a fifty-two week low of $19.41 and a fifty-two week high of $33.29.

Insider Activity at Vita Coco

In other Vita Coco news, Chairman Michael Kirban sold 19,198 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $25.01, for a total transaction of $480,141.98. Following the completion of the sale, the chairman now owns 656,483 shares of the company’s stock, valued at $16,418,639.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Michael Kirban sold 19,198 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $25.01, for a total value of $480,141.98. Following the completion of the sale, the chairman now directly owns 656,483 shares in the company, valued at $16,418,639.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ira Liran sold 13,998 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $25.02, for a total transaction of $350,229.96. Following the completion of the transaction, the director now owns 645,942 shares in the company, valued at $16,161,468.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,353 shares of company stock valued at $1,309,536. Corporate insiders own 51.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on COCO shares. Stephens upgraded shares of Vita Coco from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Thursday, February 29th. Piper Sandler lifted their price objective on Vita Coco from $24.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. The Goldman Sachs Group dropped their target price on Vita Coco from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. TheStreet cut Vita Coco from a “b-” rating to a “c+” rating in a research note on Monday, January 22nd. Finally, William Blair lowered shares of Vita Coco from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.71.

Vita Coco Company Profile

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.