Vita Coco (COCO) Scheduled to Post Quarterly Earnings on Wednesday

Vita Coco (NASDAQ:COCO) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Vita Coco has set its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $144.00 million during the quarter, compared to analyst estimates of $144.08 million. Vita Coco had a return on equity of 26.42% and a net margin of 11.05%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. 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 Stock Up 0.6 %

Shares of Vita Coco stock opened at $29.60 on Tuesday. Vita Coco has a twelve month low of $19.41 and a twelve month high of $31.42. The business has a 50-day moving average price of $27.46 and a 200 day moving average price of $26.94. The firm has a market cap of $1.68 billion, a PE ratio of 32.17, a P/E/G ratio of 2.24 and a beta of 0.23.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on COCO shares. Wells Fargo & Company boosted their price objective on Vita Coco from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Piper Sandler lowered Vita Coco from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $29.00 to $28.00 in a research note on Friday, July 12th. Bank of America boosted their price objective on Vita Coco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group lowered their target price on Vita Coco from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vita Coco presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.17.

Insider Activity at Vita Coco

In related news, COO Jonathan Burth sold 905 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $30.04, for a total value of $27,186.20. Following the transaction, the chief operating officer now directly owns 123,300 shares in the company, valued at approximately $3,703,932. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 3,549 shares of company stock worth $106,529. Insiders own 34.20% of the company’s stock.

About Vita Coco

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.