Vita Coco (COCO) to Release Earnings on Wednesday

Vita Coco (NASDAQ:COCO - Get Free Report) is scheduled to release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Vita Coco to post earnings of $0.27 per share for the quarter. Vita Coco has set its FY 2024 guidance at EPS.Parties interested in registering for the company's conference call can do so using this link.

Vita Coco (NASDAQ:COCO - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $144.00 million for the quarter, compared to analyst estimates of $144.08 million. Vita Coco had a return on equity of 26.42% and a net margin of 11.05%. The firm's revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. On average, analysts expect Vita Coco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vita Coco Stock Down 1.6 %

Shares of Vita Coco stock traded down $0.48 during trading hours on Wednesday, hitting $29.38. 6,514 shares of the company's stock traded hands, compared to its average volume of 613,401. The company has a market cap of $1.67 billion, a PE ratio of 32.46, a PEG ratio of 2.24 and a beta of 0.23. Vita Coco has a twelve month low of $19.41 and a twelve month high of $31.42. The stock has a 50 day simple moving average of $27.24 and a 200-day simple moving average of $26.86.

Wall Street Analysts Forecast Growth

COCO has been the topic of a number of recent research reports. Piper Sandler cut shares of Vita Coco from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $29.00 to $28.00 in a report on Friday, July 12th. Bank of America boosted their target price on Vita Coco from $27.00 to $30.00 and gave the stock a "neutral" rating in a report on Wednesday, July 10th. Wells Fargo & Company lifted their price target on shares of Vita Coco from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group decreased their price target on shares of Vita Coco from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $30.17.

Insider Activity at Vita Coco

In other Vita Coco news, COO Jonathan Burth sold 2,244 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $30.01, for a total transaction of $67,342.44. Following the completion of the transaction, the chief operating officer now owns 124,605 shares of the company's stock, valued at $3,739,396.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 34.20% of the stock is owned by company insiders.

Vita Coco Company Profile

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.