Vita Coco (NASDAQ:COCO – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01, Briefing.com reports. The firm had revenue of $144.00 million for the quarter, compared to analyst estimates of $144.08 million. Vita Coco had a net margin of 10.93% and a return on equity of 26.27%. The business’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 firm earned $0.26 EPS. Vita Coco updated its FY 2024 guidance to EPS.
Vita Coco Stock Up 2.7 %
Shares of NASDAQ COCO traded up $0.71 during trading on Thursday, reaching $26.55. 1,185,930 shares of the company traded hands, compared to its average volume of 689,454. The firm has a 50 day simple moving average of $27.60 and a 200-day simple moving average of $25.21. The stock has a market capitalization of $1.50 billion, a PE ratio of 28.25, a P/E/G ratio of 1.50 and a beta of 0.23. Vita Coco has a 52-week low of $19.41 and a 52-week high of $33.29.
Insider Activity
In related news, insider Es Charles Van sold 6,700 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $30.04, for a total value of $201,268.00. Following the transaction, the insider now owns 97,668 shares of the company’s stock, valued at $2,933,946.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Vita Coco news, insider Es Charles Van sold 6,700 shares of Vita Coco stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $30.04, for a total transaction of $201,268.00. Following the transaction, the insider now owns 97,668 shares of the company’s stock, valued at $2,933,946.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jonathan Burth sold 2,845 shares of Vita Coco stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $30.07, for a total transaction of $85,549.15. Following the transaction, the chief operating officer now directly owns 134,004 shares in the company, valued at approximately $4,029,500.28. The disclosure for this sale can be found here. Insiders have sold a total of 31,874 shares of company stock valued at $945,365 in the last 90 days. 34.20% of the stock is currently owned by insiders.
Analyst Ratings Changes
Read Our Latest Stock Report on COCO
About Vita Coco
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.
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