Q3 2024 Earnings Forecast for The Duckhorn Portfolio, Inc. (NYSE:NAPA) Issued By Wedbush

The Duckhorn Portfolio, Inc. (NYSE:NAPA) – Stock analysts at Wedbush decreased their Q3 2024 earnings per share estimates for Duckhorn Portfolio in a report released on Wednesday, May 1st. Wedbush analyst G. Pascarelli now forecasts that the company will post earnings per share of $0.14 for the quarter, down from their previous forecast of $0.16. Wedbush has a “Outperform” rating and a $10.00 price target on the stock. The consensus estimate for Duckhorn Portfolio’s current full-year earnings is $0.58 per share. Wedbush also issued estimates for Duckhorn Portfolio’s FY2024 earnings at $0.57 EPS and Q3 2025 earnings at $0.15 EPS.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $103.05 million during the quarter, compared to analysts’ expectations of $106.38 million. Duckhorn Portfolio had a net margin of 16.62% and a return on equity of 7.27%. During the same period in the prior year, the company posted $0.17 earnings per share.

Several other equities analysts have also weighed in on NAPA. Bank of America lowered Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $11.00 to $8.00 in a report on Tuesday, February 13th. TheStreet upgraded Duckhorn Portfolio from a “d” rating to a “c” rating in a research note on Monday, March 18th. Finally, Barclays cut Duckhorn Portfolio from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $11.00 to $8.00 in a research report on Thursday, April 18th. One equities 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.31.

Duckhorn Portfolio Stock Performance

Shares of Duckhorn Portfolio stock opened at $7.86 on Friday. The company has a quick ratio of 1.13, a current ratio of 6.85 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $8.85 and a 200-day moving average price of $9.42. Duckhorn Portfolio has a 52 week low of $7.49 and a 52 week high of $15.05. The company has a market cap of $907.12 million, a PE ratio of 13.80, a price-to-earnings-growth ratio of 7.07 and a beta of 0.28.

Insiders Place Their Bets

In related news, insider Sean B.A. Sullivan sold 25,000 shares of Duckhorn Portfolio stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $8.99, for a total transaction of $224,750.00. Following the transaction, the insider now directly owns 125,326 shares in the company, valued at $1,126,680.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Duckhorn Portfolio news, insider Deirdre Mahlan sold 29,681 shares of Duckhorn Portfolio stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $9.23, for a total value of $273,955.63. Following the sale, the insider now owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sean B.A. Sullivan sold 25,000 shares of Duckhorn Portfolio stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $8.99, for a total value of $224,750.00. Following the completion of the transaction, the insider now owns 125,326 shares of the company’s stock, valued at approximately $1,126,680.74. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in shares of Duckhorn Portfolio by 66.2% during the third quarter. Wellington Management Group LLP now owns 1,081,027 shares of the company’s stock valued at $11,091,000 after purchasing an additional 430,595 shares in the last quarter. Total Clarity Wealth Management Inc. grew its stake in shares of Duckhorn Portfolio by 190.6% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 55,940 shares of the company’s stock worth $551,000 after purchasing an additional 36,689 shares during the period. Mcmorgan & Co. LLC raised its holdings in Duckhorn Portfolio by 54.6% in the 3rd quarter. Mcmorgan & Co. LLC now owns 210,873 shares of the company’s stock worth $2,164,000 after purchasing an additional 74,455 shares during the period. FMR LLC raised its position in shares of Duckhorn Portfolio by 215.2% during the 3rd quarter. FMR LLC now owns 2,458,073 shares of the company’s stock worth $25,220,000 after purchasing an additional 1,678,271 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Duckhorn Portfolio by 5.8% during the third quarter. Vanguard Group Inc. now owns 4,855,487 shares of the company’s stock worth $49,817,000 after buying an additional 264,257 shares in the last quarter.

Duckhorn Portfolio Company Profile

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.