Duckhorn Portfolio (NYSE:NAPA) Releases Earnings Results, Beats Expectations By $0.04 EPS

Duckhorn Portfolio (NYSE:NAPA) issued its quarterly earnings data on Monday. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04, Briefing.com reports. The company had revenue of $107.40 million for the quarter, compared to analyst estimates of $104.76 million. Duckhorn Portfolio had a return on equity of 6.45% and a net margin of 15.69%. Duckhorn Portfolio’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share.

Duckhorn Portfolio Stock Performance

Shares of NYSE NAPA remained flat at $10.95 during mid-day trading on Tuesday. 3,969,498 shares of the stock were exchanged, compared to its average volume of 1,338,340. The business has a fifty day simple moving average of $6.33 and a 200-day simple moving average of $7.36. The company has a quick ratio of 1.04, a current ratio of 8.09 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.61 billion, a PE ratio of 20.26, a P/E/G ratio of 4.86 and a beta of 0.21. Duckhorn Portfolio has a 1-year low of $5.38 and a 1-year high of $11.08.

Analysts Set New Price Targets

Separately, Barclays cut their target price on shares of Duckhorn Portfolio from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Duckhorn Portfolio presently has an average rating of “Hold” and a consensus price target of $9.57.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in Duckhorn Portfolio by 16.9% during the second quarter. The Manufacturers Life Insurance Company now owns 21,675 shares of the company’s stock worth $154,000 after purchasing an additional 3,129 shares during the period. Mcmorgan & Co. LLC lifted its holdings in Duckhorn Portfolio by 9.3% in the second quarter. Mcmorgan & Co. LLC now owns 250,708 shares of the company’s stock valued at $1,780,000 after acquiring an additional 21,430 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Duckhorn Portfolio in the second quarter valued at approximately $175,000. Marshall Wace LLP acquired a new stake in Duckhorn Portfolio during the second quarter worth $2,519,000. Finally, Westwood Holdings Group Inc. increased its position in shares of Duckhorn Portfolio by 4.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,663,304 shares of the company’s stock worth $26,009,000 after purchasing an additional 140,113 shares during the last quarter.

About Duckhorn Portfolio

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.