Duckhorn Portfolio (NYSE:NAPA) Issues Quarterly Earnings Results

by · The Cerbat Gem

Duckhorn Portfolio (NYSE:NAPA – Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04, Briefing.com reports. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.45%. The company had revenue of $107.40 million for the quarter, compared to analyst estimates of $104.76 million. During the same quarter in the prior year, the business posted $0.14 EPS. Duckhorn Portfolio’s quarterly revenue was up 7.3% on a year-over-year basis.

Duckhorn Portfolio Price Performance

NAPA opened at $10.95 on Wednesday. The company has a market capitalization of $1.61 billion, a P/E ratio of 20.27, a P/E/G ratio of 4.86 and a beta of 0.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.09 and a quick ratio of 1.04. Duckhorn Portfolio has a fifty-two week low of $5.38 and a fifty-two week high of $11.08. The firm’s fifty day moving average price is $6.40 and its two-hundred day moving average price is $7.37.

Analyst Ratings Changes

Separately, Barclays increased their price objective on Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Duckhorn Portfolio has a consensus rating of “Hold” and an average target price of $10.29.

View Our Latest Stock Analysis on NAPA

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NAPA. Simon Quick Advisors LLC bought a new stake in Duckhorn Portfolio during the 2nd quarter worth about $85,000. Canada Pension Plan Investment Board acquired a new stake in shares of Duckhorn Portfolio in the second quarter valued at approximately $101,000. Bayesian Capital Management LP bought a new position in Duckhorn Portfolio in the 1st quarter worth approximately $133,000. BOKF NA bought a new position in Duckhorn Portfolio in the 2nd quarter valued at $133,000. Finally, Bleakley Financial Group LLC bought a new position in Duckhorn Portfolio in the 1st quarter valued at $136,000.

About Duckhorn Portfolio

(Get Free Report)

The Duckhorn Portfolio, Inc produces and sells wines in North America. The company offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. It sells wines to distributors, and directly to retail accounts and consumers.

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