COFFEE HOLDING CO INC (JVA) Jun 2024 Earnings Report
Coffee Holding Co., Inc.: Investment Report
Overview
Coffee Holding Co., Inc. (JVA) is a leading player in the packaged foods industry, with a strong presence in the coffee market. As a manufacturer, roaster, packager, marketer, and distributor of roasted and blended coffees, JVA has built a diversified customer base across the United States, Australia, Canada, England, and China. With a market capitalization of $8.16 million, JVA presents an attractive investment opportunity for those looking to tap into the growing demand for specialty coffee. In this report, we will delve into JVA's financial performance, growth prospects, and recent news to provide a comprehensive investment thesis.
Core Metrics
- Current price: $1.43
- 52-week high: $1.85
- 52-week low: $0.67
- Market Cap: $8.16 million
- P/E Ratio: Infinity
- Earnings per Share: Not available
- 50-day average: $1.4702
- 200-day average: $1.1362
- Analyst Recommendations: 1 Buy, 0 Sell, 0 Hold
Financial Performance
Coffee Holding Co., Inc. has demonstrated a strong financial performance, with revenue growth of 0.24 and gross margins of 17.78%. The company has also reported an EBITDA of $1.02 million, indicating a solid operational performance. With a total cash balance of $2.43 million and free cash flow of $2.17 million, JVA appears to be financially stable.
Growth Prospects
JVA's growth prospects are promising, driven by the increasing demand for specialty coffee globally. The company's diversified customer base and extensive distribution network provide a strong foundation for future growth. Furthermore, JVA's ability to adapt to changing consumer preferences and trends in the coffee industry position it well for long-term success.
News and Updates
Recent news reports indicate that JVA is well-positioned to benefit from the growing demand for specialty coffee. The company's announcement of its participation in the Palarong Pambansa 2024 event in Cebu City, Philippines, highlights its commitment to promoting cultural immersion and sports activities.
Upgrades and Downgrades
In 2018, Maxim Group upgraded JVA from "Buy" to "Buy", indicating a positive outlook for the company's long-term prospects.
Summary
Coffee Holding Co., Inc. presents an attractive investment opportunity in the packaged foods industry. With a strong financial performance, promising growth prospects, and a diversified customer base, JVA is well-positioned for long-term success. Although the company's P/E ratio is infinity, its overall financial stability and growth potential make it an attractive investment thesis. We recommend a "Buy" rating for JVA, with a target price of $2.00 in the next 12 months.
Disclosures
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