Atb Cap Markets Has Bullish Outlook for VFF FY2024 Earnings

Village Farms International, Inc. (NASDAQ:VFF) – Analysts at Atb Cap Markets upped their FY2024 earnings estimates for Village Farms International in a report released on Monday, December 16th. Atb Cap Markets analyst F. Gomes now anticipates that the company will post earnings of ($0.15) per share for the year, up from their previous forecast of ($0.16). The consensus estimate for Village Farms International’s current full-year earnings is ($0.17) per share. Atb Cap Markets also issued estimates for Village Farms International’s FY2026 earnings at $0.01 EPS, FY2027 earnings at $0.12 EPS and FY2028 earnings at $0.15 EPS.

Village Farms International Trading Down 3.9 %

NASDAQ VFF opened at $0.74 on Thursday. The stock’s 50 day moving average is $0.83 and its 200 day moving average is $0.95. The firm has a market capitalization of $83.13 million, a PE ratio of -1.64 and a beta of 2.19. The company has a quick ratio of 1.09, a current ratio of 2.05 and a debt-to-equity ratio of 0.16. Village Farms International has a twelve month low of $0.58 and a twelve month high of $1.62.

Hedge Funds Weigh In On Village Farms International

Hedge funds have recently added to or reduced their stakes in the company. Certified Advisory Corp boosted its holdings in shares of Village Farms International by 56.1% in the second quarter. Certified Advisory Corp now owns 41,750 shares of the company’s stock worth $43,000 after buying an additional 15,000 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in Village Farms International by 73.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 111,327 shares of the company’s stock worth $114,000 after acquiring an additional 47,075 shares during the period. Jane Street Group LLC lifted its holdings in Village Farms International by 117.6% during the third quarter. Jane Street Group LLC now owns 407,246 shares of the company’s stock valued at $379,000 after purchasing an additional 220,105 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Village Farms International in the second quarter worth approximately $449,000. Finally, Renaissance Technologies LLC increased its stake in shares of Village Farms International by 125.9% in the second quarter. Renaissance Technologies LLC now owns 1,374,771 shares of the company’s stock worth $1,402,000 after purchasing an additional 766,205 shares in the last quarter. 12.15% of the stock is currently owned by hedge funds and other institutional investors.

Village Farms International Company Profile

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.