Vita Coco (COCO) to Release Earnings on Wednesday

Vita Coco (NASDAQ:COCO) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Vita Coco has set its FY 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Vita Coco had a net margin of 9.45% and a return on equity of 24.27%. The company had revenue of $106.10 million for the quarter, compared to the consensus estimate of $99.63 million. During the same period in the prior year, the firm posted $0.04 EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. 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 Price Performance

Shares of COCO opened at $24.75 on Monday. The stock has a market cap of $1.40 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 1.98 and a beta of 0.16. Vita Coco has a 1-year low of $19.41 and a 1-year high of $33.29. The firm has a fifty day moving average price of $24.33 and a 200 day moving average price of $25.02.

Insider Activity at Vita Coco

In other Vita Coco news, Chairman Michael Kirban sold 6,900 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $25.00, for a total transaction of $172,500.00. Following the completion of the sale, the chairman now directly owns 633,448 shares in the company, valued at $15,836,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Michael Kirban sold 6,900 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $25.00, for a total transaction of $172,500.00. Following the sale, the chairman now directly owns 633,448 shares in the company, valued at approximately $15,836,200. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ira Liran sold 6,915 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $25.00, for a total value of $172,875.00. Following the completion of the transaction, the director now owns 985,729 shares of the company’s stock, valued at approximately $24,643,225. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,353 shares of company stock worth $1,309,536. 51.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on COCO shares. Stephens upgraded Vita Coco from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a research note on Thursday, February 29th. William Blair downgraded shares of Vita Coco from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Piper Sandler increased their target price on shares of Vita Coco from $24.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. TheStreet lowered Vita Coco from a “b-” rating to a “c+” rating in a research note on Monday, January 22nd. Finally, The Goldman Sachs Group dropped their price objective on Vita Coco from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.71.

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.