Lavoro (NASDAQ:LVRO) Trading Down 6.5% on Disappointing Earnings

Lavoro Limited (NASDAQ:LVRO)’s share price was down 6.5% during trading on Monday after the company announced weaker than expected quarterly earnings. The stock traded as low as $4.51 and last traded at $4.61. Approximately 1,118 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 8,219 shares. The stock had previously closed at $4.93.

The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.38). Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%.

Analysts Set New Price Targets

A number of brokerages recently commented on LVRO. Oppenheimer lowered their price objective on Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Barclays raised Lavoro from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $6.00 to $5.00 in a report on Tuesday, January 21st.

Lavoro Trading Down 10.5 %

The company has a fifty day simple moving average of $4.54 and a 200-day simple moving average of $4.61. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. The stock has a market cap of $514.25 million, a price-to-earnings ratio of -3.27 and a beta of 0.32.

About Lavoro

Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry.