Coffee (NASDAQ:JVA) issued its earnings results on Wednesday. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.10), Fidelity Earnings reports. Coffee had a return on equity of 0.74% and a net margin of 0.21%. The business had revenue of $20.72 million for the quarter.
NASDAQ:JVA opened at $4.47 on Friday. The company has a market cap of $25.40 million, a P/E ratio of 114.00 and a beta of 1.80. Coffee has a 52-week low of $3.53 and a 52-week high of $7.79.
Several equities research analysts have recently weighed in on JVA shares. ValuEngine lowered Coffee from a “buy” rating to a “hold” rating in a research report on Friday, June 7th. TheStreet downgraded Coffee from a “b-” rating to a “c+” rating in a research note on Wednesday, May 15th. Finally, Maxim Group restated a “buy” rating and set a $11.00 price target (up previously from $9.00) on shares of Coffee in a research note on Friday, March 8th.
Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as to coffee shop operators.
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