Vita Coco (COCO) to Release Quarterly Earnings on Wednesday

Vita Coco (NASDAQ:COCO) is scheduled to post its quarterly earnings results 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.Individual that wish to listen to 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $144.00 million for the quarter, compared to the consensus estimate of $144.08 million. Vita Coco had a net margin of 11.05% and a return on equity of 26.42%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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 %

NASDAQ COCO opened at $29.86 on Wednesday. The stock has a market cap of $1.69 billion, a P/E ratio of 32.46, a P/E/G ratio of 2.24 and a beta of 0.23. The company has a fifty day simple moving average of $27.24 and a two-hundred day simple moving average of $26.86. Vita Coco has a 12-month low of $19.41 and a 12-month high of $31.42.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Piper Sandler downgraded Vita Coco from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $29.00 to $28.00 in a report on Friday, July 12th. Bank of America lifted their price objective on shares of Vita Coco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Wells Fargo & Company increased their price objective 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. Finally, Jefferies Financial Group decreased their target price on shares of Vita Coco from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Vita Coco has a consensus rating of “Moderate Buy” and a consensus price target of $30.17.

Insider Transactions at Vita Coco

In related news, COO Jonathan Burth sold 2,244 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $30.01, for a total value of $67,342.44. Following the completion of the transaction, the chief operating officer now owns 124,605 shares of the company’s stock, valued at approximately $3,739,396.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 34.20% of the company’s stock.

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.