What is William Blair’s Forecast for Vita Coco Q4 Earnings?

The Vita Coco Company, Inc. (NASDAQ:COCO) – Analysts at William Blair reduced their Q4 2024 earnings per share estimates for Vita Coco in a report released on Wednesday, October 30th. William Blair analyst J. Andersen now expects that the company will earn $0.10 per share for the quarter, down from their prior forecast of $0.11. The consensus estimate for Vita Coco’s current full-year earnings is $1.00 per share. William Blair also issued estimates for Vita Coco’s FY2025 earnings at $1.18 EPS.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $133.00 million during the quarter, compared to analysts’ expectations of $138.56 million. Vita Coco had a return on equity of 27.64% and a net margin of 11.99%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share.

Other equities analysts have also issued reports about the company. Craig Hallum upped their target price on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler lowered shares of Vita Coco from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $29.00 to $28.00 in a research note on Friday, July 12th. Wells Fargo & Company boosted their target price on shares of Vita Coco from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Bank of America upped their target price on shares of Vita Coco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Finally, Jefferies Financial Group cut their price target on Vita Coco from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Vita Coco presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Vita Coco Stock Performance

Shares of NASDAQ:COCO opened at $29.61 on Friday. Vita Coco has a 52-week low of $19.41 and a 52-week high of $31.54. The business’s 50 day simple moving average is $27.84 and its two-hundred day simple moving average is $27.05. The firm has a market cap of $1.68 billion, a P/E ratio of 29.91, a PEG ratio of 2.45 and a beta of 0.23.

Insider Activity at Vita Coco

In other Vita Coco news, COO Jonathan Burth sold 905 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $30.04, for a total value of $27,186.20. Following the completion of the sale, the chief operating officer now directly owns 123,300 shares of the company’s stock, valued at $3,703,932. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 4,949 shares of company stock worth $148,585. Insiders own 34.20% of the company’s stock.

Hedge Funds Weigh In On Vita Coco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COCO. nVerses Capital LLC lifted its stake in shares of Vita Coco by 271.4% during the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock valued at $72,000 after buying an additional 1,900 shares in the last quarter. CWM LLC lifted its position in shares of Vita Coco by 40.7% during the second quarter. CWM LLC now owns 2,720 shares of the company’s stock worth $76,000 after acquiring an additional 787 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Vita Coco by 1,289.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,459 shares of the company’s stock worth $89,000 after acquiring an additional 3,210 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Vita Coco by 32.3% in the first quarter. Ameritas Investment Partners Inc. now owns 3,760 shares of the company’s stock valued at $92,000 after purchasing an additional 919 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of Vita Coco by 1,155.7% during the 1st quarter. Comerica Bank now owns 3,993 shares of the company’s stock valued at $98,000 after purchasing an additional 3,675 shares during the period. Institutional investors own 88.49% of the company’s stock.

About Vita Coco

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.