Duckhorn Portfolio (NYSE:NAPA) Updates FY 2024 Earnings Guidance

Duckhorn Portfolio (NYSE:NAPAGet Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.560-0.580 for the period, compared to the consensus earnings per share estimate of 0.590. The company issued revenue guidance of $398.0 million-$408.0 million, compared to the consensus revenue estimate of $400.6 million. Duckhorn Portfolio also updated its FY24 guidance to $0.56-0.58 EPS.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Bank of America downgraded shares of Duckhorn Portfolio from a neutral rating to an underperform rating and cut their price objective for the company from $11.00 to $8.00 in a research report on Tuesday, February 13th. Barclays downgraded shares of Duckhorn Portfolio from an overweight rating to an equal weight rating and cut their price objective for the company from $11.00 to $8.00 in a research report on Thursday, April 18th. BMO Capital Markets cut their price objective on shares of Duckhorn Portfolio from $10.00 to $9.00 and set a market perform rating on the stock in a research report on Friday. TheStreet upgraded shares of Duckhorn Portfolio from a d rating to a c rating in a research report on Monday, March 18th. Finally, Citigroup reduced their price target on shares of Duckhorn Portfolio from $11.00 to $10.00 and set a buy rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $9.86.

Read Our Latest Stock Report on NAPA

Duckhorn Portfolio Trading Down 3.7 %

Shares of NYSE:NAPA opened at $7.50 on Friday. Duckhorn Portfolio has a twelve month low of $7.45 and a twelve month high of $14.46. The firm has a market cap of $865.58 million, a P/E ratio of 13.89, a P/E/G ratio of 6.91 and a beta of 0.27. The company has a 50 day moving average of $8.24 and a 200-day moving average of $8.97. The company has a current ratio of 6.85, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28.

Duckhorn Portfolio (NYSE:NAPAGet Free Report) last released its earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.96%. The business had revenue of $103.05 million during the quarter, compared to analyst estimates of $106.38 million. During the same period in the prior year, the business earned $0.17 earnings per share. As a group, analysts anticipate that Duckhorn Portfolio will post 0.56 earnings per share for the current fiscal year.

Insider Activity at Duckhorn Portfolio

In related news, insider Sean B.A. Sullivan sold 25,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $8.99, for a total transaction of $224,750.00. Following the completion of the sale, the insider now directly owns 125,326 shares of the company’s stock, valued at $1,126,680.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Deirdre Mahlan sold 29,681 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $9.23, for a total transaction of $273,955.63. Following the sale, the insider now owns 104,590 shares in the company, valued at $965,365.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sean B.A. Sullivan sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $8.99, for a total transaction of $224,750.00. Following the sale, the insider now owns 125,326 shares in the company, valued at approximately $1,126,680.74. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Duckhorn Portfolio Company Profile

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The Duckhorn Portfolio, Inc produces and sells wines in North America. The company offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. It sells wines to distributors, and directly to retail accounts and consumers.

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Earnings History and Estimates for Duckhorn Portfolio (NYSE:NAPA)

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