Coffee (NASDAQ:JVA) Posts Earnings Results

Coffee (NASDAQ:JVA) posted its quarterly earnings results on Monday. The company reported $0.29 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $25.57 million during the quarter. Coffee had a net margin of 1.88% and a return on equity of 6.91%.

Coffee Stock Performance

Shares of JVA stock opened at $4.12 on Wednesday. The stock has a fifty day moving average price of $3.37 and a 200 day moving average price of $3.83. The stock has a market cap of $23.53 million, a PE ratio of 12.12 and a beta of 1.62. Coffee has a 1 year low of $2.75 and a 1 year high of $5.63.

Coffee Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 10th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. Coffee’s dividend payout ratio (DPR) is presently 32.00%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Coffee from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Coffee by 10.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 87,819 shares of the company’s stock worth $401,000 after buying an additional 8,448 shares in the last quarter. Citadel Advisors LLC purchased a new position in Coffee during the 3rd quarter valued at about $322,000. DRW Securities LLC acquired a new position in Coffee during the fourth quarter worth about $261,000. Allworth Financial LP acquired a new position in Coffee during the second quarter worth about $285,000. Finally, Two Sigma Investments LP lifted its holdings in shares of Coffee by 53.8% in the third quarter. Two Sigma Investments LP now owns 44,919 shares of the company’s stock valued at $205,000 after purchasing an additional 15,711 shares in 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.