Duckhorn Portfolio (NYSE:NAPA) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Duckhorn Portfolio (NYSE:NAPA) posted its quarterly earnings data on Monday. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04, Briefing.com reports. The company had revenue of $107.40 million during the quarter, compared to analyst estimates of $104.76 million. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.45%. Duckhorn Portfolio’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share.

Duckhorn Portfolio Price Performance

Shares of NYSE NAPA opened at $10.95 on Wednesday. Duckhorn Portfolio has a 12-month low of $5.38 and a 12-month high of $11.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.09 and a quick ratio of 1.04. The firm’s 50-day moving average is $6.40 and its two-hundred day moving average is $7.37. The company has a market capitalization of $1.61 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 4.86 and a beta of 0.21.

Analysts Set New Price Targets

Separately, Barclays raised their target price on Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.29.

Institutional Investors Weigh In On Duckhorn Portfolio

Several large investors have recently made changes to their positions in NAPA. Simon Quick Advisors LLC bought a new stake in shares of Duckhorn Portfolio in the 2nd quarter worth approximately $85,000. Canada Pension Plan Investment Board acquired a new stake in shares of Duckhorn Portfolio in the second quarter valued at $101,000. Bayesian Capital Management LP bought a new stake in Duckhorn Portfolio in the first quarter worth about $133,000. BOKF NA acquired a new position in shares of Duckhorn Portfolio in the 2nd quarter worth approximately $133,000. Finally, Bleakley Financial Group LLC acquired a new stake in Duckhorn Portfolio during the first quarter valued at approximately $136,000.

About Duckhorn Portfolio

The Duckhorn Portfolio, Inc produces and sells wines in North America. The company offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. It sells wines to distributors, and directly to retail accounts and consumers.