Coffee (NASDAQ:JVA) Issues Quarterly Earnings Results

Coffee (NASDAQ:JVA) issued its earnings results on Monday. The company reported $0.29 EPS for the quarter, FiscalAI reports. The business had revenue of $25.57 million for the quarter. Coffee had a return on equity of 5.11% and a net margin of 1.45%.

Coffee Stock Up 1.3%

NASDAQ:JVA opened at $3.17 on Tuesday. The company has a market cap of $18.10 million, a PE ratio of 12.68 and a beta of 1.62. The business’s 50 day moving average is $3.36 and its two-hundred day moving average is $3.83. Coffee has a 52 week low of $2.75 and a 52 week high of $5.63.

Coffee Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 10th were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 10th. Coffee’s dividend payout ratio is presently 32.00%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Coffee from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in shares of Coffee during the third quarter valued at approximately $322,000. DRW Securities LLC acquired a new position in shares of Coffee during the 4th quarter worth about $261,000. Allworth Financial LP bought a new stake in Coffee during the 2nd quarter valued at approximately $285,000. Jane Street Group LLC acquired a new stake in Coffee in the 2nd quarter valued at approximately $118,000. Finally, Acadian Asset Management LLC bought a new position in Coffee in the 1st quarter worth approximately $73,000.

Coffee Company Profile

Coffee Holding Company, Inc (NASDAQ: JVA) is a specialty coffee roaster and distributor headquartered in Lakewood, New Jersey. The company’s core activities encompass the importation of green coffee beans, artisanal roasting and blending, and the packaging of coffee and tea products for wholesale customers. Through its operations, Coffee Holding Company serves a diverse client base that includes coffeehouses, restaurants, hotels, health care facilities, vending operators and retail chains.

The company’s product offering spans whole‐bean and ground coffees, single‐serve pods, cold brew formats and bulk tea selections, with both branded and private‐label solutions.