Coffee (NASDAQ:JVA) Announces Quarterly Earnings Results

Coffee (NASDAQ:JVA) issued its earnings results on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03), FiscalAI reports. Coffee had a return on equity of 6.82% and a net margin of 1.88%.The company had revenue of $22.13 million during the quarter, compared to analyst estimates of $24.60 million.

Coffee Stock Performance

JVA opened at $4.22 on Friday. The firm’s 50-day simple moving average is $4.41 and its 200-day simple moving average is $3.88. Coffee has a twelve month low of $2.93 and a twelve month high of $5.63. The firm has a market cap of $24.10 million, a price-to-earnings ratio of 15.07 and a beta of 1.37.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JVA. Piper Sandler began coverage on Coffee in a report on Monday, June 8th. They issued a “neutral” rating and a $9.00 target price for the company. Weiss Ratings raised Coffee from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Wall Street Zen raised Coffee to a “hold” rating in a report on Saturday, May 2nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.00.

Institutional Investors Weigh In On Coffee

Large investors have recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in shares of Coffee in the 4th quarter worth about $42,000. Virtu Financial LLC bought a new stake in shares of Coffee in the 3rd quarter worth about $53,000. Jump Financial LLC bought a new stake in shares of Coffee in the 2nd quarter worth about $58,000. Acadian Asset Management LLC bought a new stake in shares of Coffee in the 1st quarter worth about $73,000. Finally, Bridgeway Capital Management LLC grew its holdings in shares of Coffee by 14.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock worth $116,000 after purchasing an additional 3,389 shares during the last quarter.

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.