The Whitewave Foods Company (WWAV) Releases Quarterly Earnings Results
The Whitewave Foods Company (NYSE:WWAV) announced its earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.02, Analyst Ratings News reports. The company had revenue of $679.00 million for the quarter, compared to the consensus estimate of $663.84 million. During the same quarter last year, the company posted $0.18 earnings per share. The Whitewave Foods Company’s revenue was up 11.5% compared to the same quarter last year. The Whitewave Foods Company updated its Q1 guidance to $0.18-0.20 EPS and its FY14 guidance to $0.90-0.94 EPS.
Several analysts have recently commented on the stock. Analysts at Barclays initiated coverage on shares of The Whitewave Foods Company in a research note on Friday, January 31st. They set an “equal weight” rating on the stock. On a related note, analysts at Zacks upgraded shares of The Whitewave Foods Company from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 22nd. They now have a $26.60 price target on the stock. Finally, analysts at Longbow Research upgraded shares of The Whitewave Foods Company from a “neutral” rating to a “buy” rating in a research note on Thursday, January 9th. They now have a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $24.10.
Shares of The Whitewave Foods Company (NYSE:WWAV) traded up 9.84% during mid-day trading on Thursday, hitting $26.11. 5,383,739 shares of the company’s stock traded hands. The Whitewave Foods Company has a 52 week low of $14.67 and a 52 week high of $24.96. The stock’s 50-day moving average is $23.84 and its 200-day moving average is $21.01. The company has a market cap of $4.528 billion and a P/E ratio of 41.56.
WWF Operating Company is a consumer packaged food and beverage company. The Company manufactures, markets, distributes, and sells plant-based foods and beverages, coffee creamers and beverages, and dairy products throughout North America and Europe.
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