Village Farms International (NASDAQ:VFF) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Village Farms International (NASDAQ:VFF) announced its earnings results on Monday. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03, FiscalAI reports. Village Farms International had a return on equity of 7.62% and a net margin of 9.85%. The company had revenue of $66.90 million for the quarter, compared to analysts’ expectations of $64.38 million.

Village Farms International Stock Performance

NASDAQ VFF opened at $2.88 on Monday. Village Farms International has a 12 month low of $1.80 and a 12 month high of $4.99. The stock has a 50-day simple moving average of $2.80 and a 200 day simple moving average of $2.68. The company has a current ratio of 3.17, a quick ratio of 2.25 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $352.20 million, a PE ratio of 16.94 and a beta of 1.46.

Wall Street Analysts Forecast Growth

VFF has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Village Farms International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, October 27th. Zacks Research upgraded shares of Village Farms International from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Wall Street Zen downgraded shares of Village Farms International from a “buy” rating to a “hold” rating in a research note on Sunday, October 25th. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, Village Farms International has an average rating of “Hold”.

Insider Transactions at Village Farms International

In related news, Director Christopher C. Woodward bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The stock was bought at an average cost of $3.06 per share, for a total transaction of $30,600.00. Following the transaction, the director owned 171,526 shares of the company’s stock, valued at $524,869.56. This represents a 6.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.20% of the company’s stock.

Village Farms International Company Profile

Village Farms International, Inc (NASDAQ:VFF) is an agriculture company that grows, markets and distributes fresh produce and cannabis. Its produce business focuses on greenhouse-grown tomatoes, cucumbers and peppers, including conventional and organic offerings sold under the Village Farms brand and through retail and foodservice channels.

The company operates greenhouse and distribution facilities in the United States, Canada and Mexico, serving grocery retailers, wholesalers and foodservice customers across North America.