Armanino Foods of Distinction (OTCMKTS:AMNF) Issues Earnings Results

Armanino Foods of Distinction (OTCMKTS:AMNF) released its quarterly earnings results on Thursday. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04, Zacks reports. Armanino Foods of Distinction had a return on equity of 48.19% and a net margin of 23.65%.The business had revenue of $19.50 million during the quarter, compared to analyst estimates of $19.40 million.

Armanino Foods of Distinction Price Performance

Shares of AMNF stock traded down $0.08 during trading hours on Friday, reaching $10.50. 16,515 shares of the stock were exchanged, compared to its average volume of 24,502. The business’s fifty day moving average is $11.41 and its two-hundred day moving average is $10.75. The firm has a market capitalization of $326.34 million, a P/E ratio of 19.09 and a beta of 0.09. Armanino Foods of Distinction has a 12-month low of $7.27 and a 12-month high of $12.25.

Analyst Ratings Changes

Several equities analysts recently issued reports on AMNF shares. Roth Mkm began coverage on Armanino Foods of Distinction in a research note on Friday, January 23rd. They set a “buy” rating and a $15.00 target price on the stock. Zacks Research raised shares of Armanino Foods of Distinction to a “hold” rating in a research note on Monday, January 26th. Finally, Lake Street Capital initiated coverage on shares of Armanino Foods of Distinction in a report on Thursday, February 26th. They set a “buy” rating and a $15.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.00.

Armanino Foods of Distinction Company Profile

Armanino Foods of Distinction, Inc produces and markets frozen food products in the United States. The company offers gourmet beef, Italian style beef and pork, and smoked turkey meatballs; grated parmesan and 3 cheese blend cheese; and various pesto, such as basil, artichoke, cilantro, dried tomato and garlic, roasted garlic, roasted red bell pepper, and southwest chipotle. It also provides frozen pasta, which includes beef cannelloni, cheese manicotti, cheese stuffed shells, cheese tortellini; pasta sheets, potato gnocchi, and tricolor cheese tortellini, as well as beef, butternut squash, four cheese, cheese and spinach, and wild mushroom ravioli; and various sauces, comprising creamy garlic, alfresco, Bolognese, chimichurri, harissa, and romesco.