Research Analysts Set Expectations for VFF FY2024 Earnings

Village Farms International, Inc. (NASDAQ:VFF) – Atb Cap Markets increased their FY2024 earnings estimates for Village Farms International in a report issued on Monday, December 16th. Atb Cap Markets analyst F. Gomes now forecasts that the company will post earnings of ($0.15) per share for the year, up from their previous estimate 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 Price Performance

Shares of VFF traded up $0.01 during mid-day trading on Thursday, hitting $0.78. 34,239 shares of the stock were exchanged, compared to its average volume of 595,056. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.05. The company has a market cap of $87.33 million, a PE ratio of -1.73 and a beta of 2.19. Village Farms International has a 52-week low of $0.58 and a 52-week high of $1.62. The firm has a 50-day moving average of $0.84 and a two-hundred day moving average of $0.95.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VFF. Certified Advisory Corp increased its stake in Village Farms International by 56.1% in the 2nd 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 period. Concurrent Investment Advisors LLC increased its position in shares of Village Farms International by 73.3% during the second 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 increased its position in shares of Village Farms International by 117.6% during the third quarter. Jane Street Group LLC now owns 407,246 shares of the company’s stock worth $379,000 after acquiring an additional 220,105 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Village Farms International during the second quarter valued at approximately $449,000. Finally, Renaissance Technologies LLC boosted its holdings 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 valued at $1,402,000 after purchasing an additional 766,205 shares during the period. Institutional investors own 12.15% of the company’s stock.

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.