Coffee (NASDAQ:JVA) issued its quarterly earnings results on Wednesday. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.06), MarketWatch Earnings reports. Coffee had a return on equity of 4.52% and a net margin of 1.17%. The company had revenue of $23.63 million for the quarter.
JVA opened at $5.97 on Friday. Coffee has a one year low of $3.53 and a one year high of $7.79. The stock has a market capitalization of $37.31 million, a PE ratio of 39.41 and a beta of 1.90.
A number of research firms have recently commented on JVA. TheStreet upgraded Coffee from a “c+” rating to a “b-” rating in a report on Friday, February 1st. Maxim Group reiterated a “buy” rating and issued a $11.00 price objective (up previously from $9.00) on shares of Coffee in a report on Friday, March 8th. Finally, ValuEngine upgraded Coffee from a “hold” rating to a “buy” rating in a report on Monday, February 4th.
Coffee Company Profile
Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as to coffee shop operators.
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