Equities research analysts expect that Vita Coco Company Inc (The) (NASDAQ:COCO – Get Rating) will report sales of $93.10 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Vita Coco’s earnings. The highest sales estimate is $93.80 million and the lowest is $92.40 million. The firm is expected to announce its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Vita Coco will report full-year sales of $443.90 million for the current year, with estimates ranging from $442.80 million to $445.00 million. For the next fiscal year, analysts expect that the business will report sales of $501.45 million, with estimates ranging from $500.00 million to $502.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Vita Coco.
Vita Coco (NASDAQ:COCO – Get Rating) last announced its quarterly earnings data on Thursday, March 10th. The company reported ($0.06) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.06).
COCO has been the topic of several recent analyst reports. Credit Suisse Group cut their price objective on shares of Vita Coco from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, March 11th. Bank of America lowered shares of Vita Coco from a “buy” rating to a “neutral” rating and cut their price target for the company from $15.00 to $10.00 in a report on Monday, March 14th. The Goldman Sachs Group lowered their price objective on shares of Vita Coco from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Monday. Finally, Wells Fargo & Company lowered their price objective on shares of Vita Coco from $15.00 to $11.00 and set an “overweight” rating for the company in a research report on Friday, March 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $15.43.
Shares of NASDAQ COCO opened at $8.88 on Friday. Vita Coco has a 52 week low of $7.51 and a 52 week high of $18.61. The company has a 50-day simple moving average of $10.27.
In related news, CEO Martin F. Roper bought 50,000 shares of the business’s stock in a transaction on Wednesday, March 16th. The shares were bought at an average cost of $8.45 per share, for a total transaction of $422,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Martin F. Roper acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 18th. The shares were bought at an average price of $9.06 per share, for a total transaction of $226,500.00. The disclosure for this purchase can be found here. Insiders have bought 85,000 shares of company stock valued at $727,700 in the last three months. Corporate insiders own 7.16% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in Vita Coco in the 4th quarter worth approximately $29,000. Lazard Asset Management LLC bought a new stake in Vita Coco in the fourth quarter valued at $44,000. Citigroup Inc. bought a new stake in Vita Coco in the fourth quarter valued at $45,000. JPMorgan Chase & Co. bought a new stake in Vita Coco in the fourth quarter valued at $47,000. Finally, California State Teachers Retirement System bought a new stake in Vita Coco in the fourth quarter valued at $67,000. 1.86% of the stock is currently owned by institutional investors.
Vita Coco Company Profile
THE VITA COCO COMPANY provides beverage platform. The company’s brands include coconut water, Vita Coco; clean energy drink Runa; sustainable enhanced water, Ever & Ever and protein-infused water, PWR LIFT. THE VITA COCO COMPANY is based in NEW YORK.