Willamette Valley Vineyards (NASDAQ:WVVI) Releases Quarterly Earnings Results

Willamette Valley Vineyards (NASDAQ:WVVI) issued its quarterly earnings data on Tuesday. The company reported $0.05 earnings per share for the quarter, Zacks reports. The business had revenue of $11.11 million for the quarter. Willamette Valley Vineyards had a negative return on equity of 7.41% and a negative net margin of 4.82%.

Willamette Valley Vineyards Price Performance

Willamette Valley Vineyards stock opened at $2.67 on Wednesday. The company has a current ratio of 3.12, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. The business’s 50 day simple moving average is $2.69 and its 200 day simple moving average is $3.09. Willamette Valley Vineyards has a 12 month low of $2.49 and a 12 month high of $7.18. The company has a market cap of $13.22 million, a price-to-earnings ratio of -3.86 and a beta of 0.32.

Institutional Investors Weigh In On Willamette Valley Vineyards

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Willamette Valley Vineyards during the 2nd quarter worth approximately $41,000. Susquehanna International Group LLP bought a new position in Willamette Valley Vineyards in the 3rd quarter valued at $39,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Willamette Valley Vineyards during the 4th quarter valued at $48,000. 12.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Willamette Valley Vineyards in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Willamette Valley Vineyards Company Profile

Willamette Valley Vineyards, Inc (NASDAQ: WVVI) is an Oregon-based winery specializing in the cultivation, production and marketing of premium cool-climate wines. The company’s core business activities encompass estate vineyard management, winemaking, and direct-to-consumer sales through tasting rooms and wine clubs. Its portfolio features key varietals such as Pinot Noir, Pinot Gris, Chardonnay and Riesling, reflecting the unique terroir of the Willamette Valley American Viticultural Area (AVA).

Founded in 1983 by Jim Bernau, Willamette Valley Vineyards has grown from a small family operation into one of the leading publicly traded wineries in the United States.