Q3 2024 EPS Estimates for The Duckhorn Portfolio, Inc. Cut by Analyst (NYSE:NAPA)

The Duckhorn Portfolio, Inc. (NYSE:NAPA) – Research analysts at Wedbush cut their Q3 2024 EPS estimates for Duckhorn Portfolio in a note issued to investors on Wednesday, May 1st. Wedbush analyst G. Pascarelli now forecasts that the company will post earnings per share of $0.14 for the quarter, down from their previous forecast of $0.16. Wedbush currently has a “Outperform” rating and a $10.00 price target on the stock. The consensus estimate for Duckhorn Portfolio’s current full-year earnings is $0.59 per share. Wedbush also issued estimates for Duckhorn Portfolio’s FY2024 earnings at $0.57 EPS and Q3 2025 earnings at $0.15 EPS.

Duckhorn Portfolio (NYSE:NAPA) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Duckhorn Portfolio had a net margin of 16.62% and a return on equity of 7.27%. The company had revenue of $103.05 million during the quarter, compared to analysts’ expectations of $106.38 million. During the same quarter in the previous year, the company earned $0.17 earnings per share.

A number of other research firms have also recently weighed in on NAPA. Barclays cut shares of Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $11.00 to $8.00 in a report on Thursday, April 18th. Bank of America cut shares of Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $11.00 to $8.00 in a report on Tuesday, February 13th. Finally, TheStreet raised shares of Duckhorn Portfolio from a “d” rating to a “c” rating in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Duckhorn Portfolio has a consensus rating of “Hold” and an average price target of $12.31.

Duckhorn Portfolio Stock Down 1.7 %

NAPA opened at $7.87 on Friday. Duckhorn Portfolio has a fifty-two week low of $7.49 and a fifty-two week high of $15.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 6.85. The company has a fifty day moving average of $8.88 and a two-hundred day moving average of $9.44. The stock has a market capitalization of $907.70 million, a price-to-earnings ratio of 13.79, a PEG ratio of 6.73 and a beta of 0.28.

Insider Activity

In related news, insider Deirdre Mahlan sold 29,681 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $9.23, for a total transaction of $273,955.63. Following the transaction, the insider now directly owns 104,590 shares in the company, valued at $965,365.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Deirdre Mahlan sold 29,681 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $9.23, for a total transaction of $273,955.63. Following the transaction, the insider now directly owns 104,590 shares in the company, valued at $965,365.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sean B.A. Sullivan sold 25,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $8.99, for a total transaction of $224,750.00. Following the transaction, the insider now owns 125,326 shares in the company, valued at $1,126,680.74. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Duckhorn Portfolio

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AdvisorShares Investments LLC boosted its holdings in Duckhorn Portfolio by 10.5% in the 3rd quarter. AdvisorShares Investments LLC now owns 11,998 shares of the company’s stock valued at $123,000 after purchasing an additional 1,137 shares during the last quarter. Swiss National Bank boosted its holdings in Duckhorn Portfolio by 1.1% in the 3rd quarter. Swiss National Bank now owns 114,000 shares of the company’s stock valued at $1,170,000 after purchasing an additional 1,200 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Duckhorn Portfolio by 3.5% in the 3rd quarter. Quantbot Technologies LP now owns 40,157 shares of the company’s stock valued at $412,000 after purchasing an additional 1,375 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Duckhorn Portfolio by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,456 shares of the company’s stock valued at $172,000 after purchasing an additional 1,555 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Duckhorn Portfolio by 13.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,709 shares of the company’s stock valued at $165,000 after purchasing an additional 1,933 shares during the last quarter.

About Duckhorn Portfolio

The Duckhorn Portfolio, Inc produces and sells wines in North America. The company offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. It sells wines to distributors, and directly to retail accounts and consumers.