Coffee Holding (JVA) Posts Quarterly Earnings, Misses Estimates By $0.58 EPS
Coffee Holding (NYSE:JVA) issued its quarterly earnings data on Wednesday. The company reported ($0.33) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.58, StockRatingsNetwork.com reports. The company had revenue of $32.37 million for the quarter, compared to the consensus estimate of $50.00 million.
On a related note, analysts at TheStreet downgraded shares of Coffee Holding (NYSE:JVA) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, June 20th.
Shares of Coffee Holding (NYSE:JVA) traded down 3.59% during mid-day trading on Wednesday, hitting $6.1316. 53,842 shares of the company’s stock traded hands. Coffee Holding has a 52 week low of $5.81 and a 52 week high of $9.07. The stock’s 50-day moving average is $6.4 and its 200-day moving average is $6.65. The company has a market cap of $39.1 million and a P/E ratio of 23.56.
Coffee Holding Co, Inc is an integrated wholesale coffee roaster and dealer in the United States. The Company conducts wholesale coffee operations, including manufacturing, roasting, packaging, marketing and distributing roasted and blended coffees for private-labeled accounts and its own brands, and it sells green coffee.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.