Mission Produce, Inc. (NASDAQ:AVO – Get Rating) CFO Bryan E. Giles sold 3,085 shares of the stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $14.63, for a total transaction of $45,133.55. Following the completion of the transaction, the chief financial officer now owns 73,957 shares of the company’s stock, valued at approximately $1,081,990.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NASDAQ:AVO opened at $14.69 on Thursday. The company’s fifty day moving average is $13.37 and its two-hundred day moving average is $13.85. The company has a market cap of $1.04 billion, a P/E ratio of 43.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.37. Mission Produce, Inc. has a 12-month low of $11.04 and a 12-month high of $21.97. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.29.
Mission Produce (NASDAQ:AVO – Get Rating) last posted its quarterly earnings results on Wednesday, June 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Mission Produce had a net margin of 2.48% and a return on equity of 4.91%. The business had revenue of $278.10 million during the quarter, compared to analyst estimates of $278.85 million. During the same period in the prior year, the firm earned $0.12 earnings per share. The firm’s revenue was up 18.5% compared to the same quarter last year. Equities research analysts anticipate that Mission Produce, Inc. will post 0.58 earnings per share for the current year.
AVO has been the subject of several research reports. Citigroup upgraded shares of Mission Produce from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $20.00 to $18.00 in a research report on Thursday, April 7th. Stephens raised their price objective on Mission Produce to $17.00 in a research note on Thursday, June 9th.
About Mission Produce (Get Rating)
Mission Produce, Inc engages in sourcing, producing, packaging, and distributing avocados in the United States and internationally. The company operates through two segments, Marketing and Distribution, and International Farming. It also provides value-added services, including ripening, bagging, custom packing, and logistical management.
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