Lavoro (NASDAQ:LVRO) Announces Quarterly Earnings Results

Lavoro (NASDAQ:LVRO) released its quarterly earnings results on Monday. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.38), Zacks reports. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%.

Lavoro Stock Performance

LVRO opened at $4.93 on Monday. Lavoro has a 12 month low of $3.06 and a 12 month high of $8.25. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98. The business has a 50-day moving average of $4.55 and a two-hundred day moving average of $4.62.

Analysts Set New Price Targets

Several research firms have issued reports on LVRO. Oppenheimer decreased their price target on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Barclays raised shares of Lavoro from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $6.00 to $5.00 in a research note on Tuesday, January 21st.

About Lavoro

Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry.