Coffee (NASDAQ:JVA) Posts Quarterly Earnings Results
Coffee (NASDAQ:JVA) announced its earnings results on Friday. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03), MarketWatch Earnings reports. Coffee had a return on equity of 0.74% and a net margin of 0.21%. The firm had revenue of $21.59 million during the quarter.
JVA stock opened at $4.05 on Monday. The stock has a market cap of $22.56 million, a P/E ratio of 101.25 and a beta of 1.61. The firm has a 50 day simple moving average of $3.98 and a 200 day simple moving average of $4.78. Coffee has a 52 week low of $3.53 and a 52 week high of $7.79.
Separately, ValuEngine cut shares of Coffee from a “buy” rating to a “hold” rating in a report on Friday, June 7th.
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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