Coffee (JVA) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS
Coffee (NASDAQ:JVA) announced its quarterly earnings results on Wednesday. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.06), MarketWatch Earnings reports. Coffee had a net margin of 1.17% and a return on equity of 4.52%. The business had revenue of $23.63 million during the quarter.
Shares of Coffee stock opened at $5.97 on Friday. Coffee has a 52 week low of $3.53 and a 52 week high of $7.79. The firm has a market capitalization of $37.31 million, a PE ratio of 39.41 and a beta of 1.90.
Several equities analysts have recently commented on the company. ValuEngine raised Coffee from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. TheStreet raised Coffee from a “c+” rating to a “b-” rating in a research note on Friday, February 1st. Finally, Maxim Group reaffirmed a “buy” rating and issued a $11.00 price target (up previously from $9.00) on shares of Coffee in a research note on Friday, March 8th.
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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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