Village Farms International (NASDAQ:VFF) Releases Earnings Results, Beats Expectations By $0.04 EPS

Village Farms International (NASDAQ:VFF) released its quarterly earnings data on Monday. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04, FiscalAI reports. The firm had revenue of $63.98 million for the quarter, compared to the consensus estimate of $56.30 million. Village Farms International had a net margin of 18.57% and a return on equity of 8.84%.

Village Farms International Stock Performance

Shares of VFF stock opened at $2.08 on Monday. Village Farms International has a 12 month low of $1.61 and a 12 month high of $4.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.06 and a quick ratio of 2.03. The firm has a market capitalization of $237.76 million, a P/E ratio of 5.94 and a beta of 1.31. The company’s fifty day moving average price is $2.02 and its two-hundred day moving average price is $2.64.

Wall Street Analysts Forecast Growth

VFF has been the topic of several recent research reports. Weiss Ratings raised shares of Village Farms International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Zacks Research upgraded Village Farms International from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Trading of Village Farms International

Hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Investments LP grew its position in shares of Village Farms International by 187.2% during the third quarter. Two Sigma Investments LP now owns 1,724,648 shares of the company’s stock worth $5,398,000 after buying an additional 1,124,085 shares in the last quarter. Millennium Management LLC lifted its holdings in Village Farms International by 2,050.2% during the 3rd quarter. Millennium Management LLC now owns 1,005,263 shares of the company’s stock worth $3,146,000 after buying an additional 958,511 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Village Farms International in the 4th quarter worth approximately $598,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Village Farms International in the 4th quarter valued at approximately $561,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Village Farms International during the 4th quarter valued at approximately $370,000. 12.15% of the stock is owned by hedge funds and other institutional investors.

About Village Farms International

Village Farms International, Inc is a North American agricultural company specializing in greenhouse cultivation of fresh produce and cannabis. Through its wholly owned operations, the company grows a variety of high-quality vegetables, including tomatoes, cucumbers and sweet peppers, using controlled-environment agriculture techniques designed to maximize yield and sustainability. Village Farms leverages advanced climate and hydroponic systems to deliver consistent year-round supply to major grocery retailers across the United States and Canada.

In its produce segment, Village Farms operates large-scale greenhouse facilities in Texas and Canada.