Mission Produce (NASDAQ:AVO – Get Free Report) issued its earnings results on Thursday. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.22, Zacks reports. Mission Produce had a net margin of 2.06% and a return on equity of 6.69%.
Mission Produce Trading Down 2.2 %
Shares of NASDAQ AVO traded down $0.28 during midday trading on Thursday, reaching $12.32. 481,586 shares of the stock were exchanged, compared to its average volume of 223,618. Mission Produce has a twelve month low of $9.20 and a twelve month high of $14.17. The stock has a market capitalization of $873.62 million, a P/E ratio of 37.33 and a beta of 0.54. The company has a 50 day simple moving average of $12.78 and a 200 day simple moving average of $11.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.40 and a current ratio of 2.02.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on AVO. Lake Street Capital restated a “buy” rating and set a $15.00 target price on shares of Mission Produce in a report on Tuesday, September 10th. Roth Mkm boosted their price objective on Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.
Insider Buying and Selling
In other news, Director Jay A. Pack sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $13.41, for a total value of $295,020.00. Following the transaction, the director now directly owns 1,115,160 shares in the company, valued at approximately $14,954,295.60. This represents a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Taylor Family Investments, Llc sold 100,100 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $13.25, for a total transaction of $1,326,325.00. Following the transaction, the director now directly owns 8,630,002 shares of the company’s stock, valued at $114,347,526.50. The trade was a 1.15 % decrease in their position. The disclosure for this sale can be found here. 41.60% of the stock is currently owned by company insiders.
Mission Produce Company Profile
Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.
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