Vita Coco (COCO) Set to Announce Quarterly Earnings on Wednesday

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

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $144.00 million during the quarter, compared to analyst estimates of $144.08 million. Vita Coco had a net margin of 11.05% and a return on equity of 26.42%. Vita Coco’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share. 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 Trading Down 0.1 %

Vita Coco stock opened at $29.86 on Wednesday. Vita Coco has a 12-month low of $19.41 and a 12-month high of $31.42. The firm has a 50-day moving average price of $27.24 and a 200-day moving average price of $26.86. The firm has a market capitalization of $1.69 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 2.24 and a beta of 0.23.

Analyst Ratings Changes

COCO has been the subject of several recent analyst reports. Bank of America boosted their target price on Vita Coco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Jefferies Financial Group dropped their price objective on Vita Coco from $35.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Piper Sandler lowered Vita Coco from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $29.00 to $28.00 in a research note on Friday, July 12th. Finally, Wells Fargo & Company raised their price target on shares of Vita Coco from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.17.

Insider Activity at Vita Coco

In other Vita Coco news, COO Jonathan Burth sold 2,244 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $30.01, for a total transaction of $67,342.44. Following the transaction, the chief operating officer now owns 124,605 shares of the company’s stock, valued at approximately $3,739,396.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 34.20% of the stock is currently owned by corporate insiders.

Vita Coco Company Profile

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.