Village Farms International, Inc. Forecasted to Post Q3 2024 Earnings of ($0.01) Per Share (NASDAQ:VFF)

Village Farms International, Inc. (NASDAQ:VFF) – Analysts at Alliance Global Partners issued their Q3 2024 earnings per share (EPS) estimates for Village Farms International in a research report issued to clients and investors on Wednesday, May 8th. Alliance Global Partners analyst A. Grey forecasts that the company will post earnings per share of ($0.01) for the quarter. The consensus estimate for Village Farms International’s current full-year earnings is ($0.06) per share. Alliance Global Partners also issued estimates for Village Farms International’s FY2025 earnings at $0.05 EPS.

Village Farms International (NASDAQ:VFF) last released its quarterly earnings data on Wednesday, March 13th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Village Farms International had a negative net margin of 11.13% and a negative return on equity of 5.58%. The company had revenue of $74.23 million during the quarter, compared to analysts’ expectations of $70.03 million.

Separately, Craig Hallum lifted their target price on Village Farms International from $1.00 to $1.20 and gave the stock a “buy” rating in a research report on Thursday, March 14th.

Village Farms International Stock Up 4.0 %

Shares of NASDAQ VFF opened at $1.31 on Friday. Village Farms International has a 1 year low of $0.55 and a 1 year high of $1.62. The firm has a market cap of $144.43 million, a price-to-earnings ratio of -4.68 and a beta of 2.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 2.10. The stock’s 50-day simple moving average is $1.14 and its 200-day simple moving average is $0.91.

Institutional Trading of Village Farms International

A number of hedge funds and other institutional investors have recently modified their holdings of VFF. Raymond James Trust N.A. increased its holdings in Village Farms International by 94.4% in the fourth quarter. Raymond James Trust N.A. now owns 37,063 shares of the company’s stock valued at $28,000 after buying an additional 18,000 shares during the last quarter. Key Client Fiduciary Advisors LLC increased its holdings in Village Farms International by 7.7% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 545,705 shares of the company’s stock valued at $415,000 after buying an additional 39,045 shares during the last quarter. Formidable Asset Management LLC increased its holdings in Village Farms International by 28.2% in the fourth quarter. Formidable Asset Management LLC now owns 194,415 shares of the company’s stock valued at $148,000 after buying an additional 42,800 shares during the last quarter. Perkins Capital Management Inc. increased its holdings in Village Farms International by 5.2% in the first quarter. Perkins Capital Management Inc. now owns 1,113,000 shares of the company’s stock valued at $1,380,000 after buying an additional 55,000 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in Village Farms International in the first quarter valued at approximately $80,000. 12.15% of the stock is owned by hedge funds and other institutional investors.

About Village Farms International

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.