Coffee (NASDAQ:JVA) Releases Earnings Results

Coffee (NASDAQ:JVA – Get Free Report) issued its quarterly earnings data 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. The business had revenue of $22.13 million for the quarter, compared to analyst estimates of $24.60 million. Coffee had a return on equity of 6.82% and a net margin of 1.88%.

Coffee Price Performance

NASDAQ:JVA traded up $0.02 during trading hours on Friday, hitting $4.22. The stock had a trading volume of 33,049 shares, compared to its average volume of 86,644. The company has a 50 day simple moving average of $4.41 and a two-hundred day simple moving average of $3.88. Coffee has a one year low of $2.93 and a one year high of $5.63. The firm has a market capitalization of $24.09 million, a price-to-earnings ratio of 12.41 and a beta of 1.37.

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Hedge Funds Weigh In On Coffee

Hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in shares of Coffee in the 3rd quarter worth about $322,000. DRW Securities LLC bought a new position in shares of Coffee during the 4th quarter worth approximately $261,000. Jane Street Group LLC purchased a new stake in Coffee during the 2nd quarter worth approximately $118,000. Acadian Asset Management LLC purchased a new stake in shares of Coffee in the 1st quarter valued at $73,000. Finally, XTX Topco Ltd purchased a new stake in Coffee during the second quarter worth $77,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on JVA. Weiss Ratings upgraded Coffee from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen raised Coffee to a “hold” rating in a research note on Saturday, May 2nd. Finally, Piper Sandler began coverage on Coffee in a research report on Monday. They set a “neutral” rating and a $9.00 price objective for the company. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.00.

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Coffee Company Profile

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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.

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