Coffee (NASDAQ:JVA) Issues Earnings Results, Misses Estimates By $0.03 EPS

Coffee (NASDAQ:JVA) announced its quarterly 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 business had revenue of $22.13 million for the quarter, compared to analyst estimates of $24.60 million.

Coffee Stock Performance

NASDAQ:JVA traded up $0.02 during trading hours on Friday, hitting $4.22. 31,380 shares of the company’s stock traded hands, compared to its average volume of 86,545. The firm has a market cap of $24.09 million, a P/E ratio of 12.41 and a beta of 1.37. Coffee has a twelve month low of $2.93 and a twelve month high of $5.63. The stock’s fifty day moving average price is $4.41 and its two-hundred day moving average price is $3.88.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JVA. Citadel Advisors LLC acquired a new position in Coffee in the 3rd quarter worth about $322,000. DRW Securities LLC acquired a new position in Coffee in the 4th quarter worth about $261,000. Jane Street Group LLC acquired a new position in Coffee in the 2nd quarter worth about $118,000. Acadian Asset Management LLC acquired a new position in Coffee in the 1st quarter worth about $73,000. Finally, XTX Topco Ltd acquired a new position in Coffee in the 2nd quarter worth about $77,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on JVA shares. Piper Sandler started coverage on Coffee in a report on Monday. They issued a “neutral” rating and a $9.00 price objective for the company. Weiss Ratings raised Coffee from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised Coffee to a “hold” rating in a research report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.00.

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.