Lavoro (NASDAQ:LVRO) Stock Price Down 6.5% Following Weak Earnings

Lavoro Limited (NASDAQ:LVRO - Get Free Report)'s stock price traded down 6.5% during mid-day trading on Monday after the company announced weaker than expected quarterly earnings. The stock traded as low as $4.51 and last traded at $4.61. 1,118 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 8,219 shares. The stock had previously closed at $4.93.

The company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.38). Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LVRO shares. Barclays upgraded Lavoro from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $6.00 to $5.00 in a research note on Tuesday, January 21st. Canaccord Genuity Group cut their price objective on shares of Lavoro from $6.25 to $5.50 and set a "buy" rating for the company in a report on Tuesday. Finally, Oppenheimer cut their price target on Lavoro from $9.00 to $7.00 and set an "outperform" rating for the company in a report on Monday, October 21st.

Lavoro Stock Performance

The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. The company has a market cap of $538.74 million, a PE ratio of -3.42 and a beta of 0.32. The firm's fifty day moving average is $4.53 and its 200 day moving average is $4.60.

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.