Mission Produce (NASDAQ:AVO - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.09, Briefing.com reports. Mission Produce had a net margin of 2.97% and a return on equity of 8.48%. The business had revenue of $334.20 million for the quarter, compared to analyst estimates of $285.60 million. During the same quarter last year, the business earned $0.09 earnings per share. The business's revenue for the quarter was up 29.2% on a year-over-year basis.
Mission Produce Price Performance
Mission Produce stock traded up $0.16 during mid-day trading on Friday, hitting $10.09. The company's stock had a trading volume of 128,788 shares, compared to its average volume of 348,676. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $717.12 million, a P/E ratio of 19.78 and a beta of 0.47. Mission Produce has a twelve month low of $9.54 and a twelve month high of $15.25. The stock's fifty day moving average price is $12.03 and its two-hundred day moving average price is $12.48.
Insiders Place Their Bets
In other Mission Produce news, CEO Stephen J. Barnard sold 7,032 shares of Mission Produce stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $14.51, for a total transaction of $102,034.32. Following the transaction, the chief executive officer now directly owns 1,787,450 shares in the company, valued at approximately $25,935,899.50. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jay A. Pack sold 59,165 shares of Mission Produce stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $14.70, for a total transaction of $869,725.50. Following the transaction, the director now owns 1,015,160 shares in the company, valued at approximately $14,922,852. The trade was a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 224,252 shares of company stock worth $3,256,786. 35.41% of the stock is owned by insiders.
About Mission Produce
(
Get Free Report)
Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.
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