Lavoro (NASDAQ:LVRO) Trading Down 6.5% Following Weak Earnings

Lavoro Limited (NASDAQ:LVRO)’s stock price was down 6.5% during mid-day trading on Monday following a dissappointing earnings announcement. The company traded as low as $4.51 and last traded at $4.61. Approximately 1,118 shares were traded during trading, a decline of 86% from the average daily volume of 8,219 shares. The stock had previously closed at $4.93.

The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.38). Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%.

Analysts Set New Price Targets

A number of research analysts have issued reports on LVRO shares. Barclays upgraded Lavoro from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $6.00 to $5.00 in a research report on Tuesday, January 21st. Oppenheimer reduced their price objective on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Monday, October 21st.

Lavoro Trading Down 6.5 %

The stock has a market capitalization of $537.57 million, a P/E ratio of -3.41 and a beta of 0.32. The business has a 50 day simple moving average of $4.55 and a 200-day simple moving average of $4.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98.

About Lavoro

Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry.