Natural Grocers by Vitamin Cottage (NYSE:NGVC) Releases FY 2024 Earnings Guidance

Natural Grocers by Vitamin Cottage (NYSE:NGVC) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.270-1.340 for the period. The company issued revenue guidance of -.

Natural Grocers by Vitamin Cottage Stock Up 3.8 %

Natural Grocers by Vitamin Cottage stock opened at $24.80 on Friday. The stock has a 50 day moving average of $22.75 and a two-hundred day moving average of $19.12. Natural Grocers by Vitamin Cottage has a twelve month low of $11.85 and a twelve month high of $27.60. The stock has a market capitalization of $565.24 million, a price-to-earnings ratio of 19.68 and a beta of 1.21. The company has a current ratio of 0.88, a quick ratio of 0.15 and a debt-to-equity ratio of 0.35.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last issued its quarterly earnings results on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share for the quarter. The firm had revenue of $308.09 million during the quarter. Natural Grocers by Vitamin Cottage had a return on equity of 17.60% and a net margin of 2.42%. During the same period in the prior year, the business earned $0.29 earnings per share. As a group, research analysts expect that Natural Grocers by Vitamin Cottage will post 1.13 earnings per share for the current year.

Natural Grocers by Vitamin Cottage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, September 3rd. Natural Grocers by Vitamin Cottage’s dividend payout ratio (DPR) is presently 31.75%.

Analysts Set New Price Targets

Separately, StockNews.com raised Natural Grocers by Vitamin Cottage from a buy rating to a strong-buy rating in a report on Friday.

Natural Grocers by Vitamin Cottage Company Profile

Natural Grocers by Vitamin Cottage, Inc, together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery products, such as organic produce; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products.