Armanino Foods of Distinction (OTCMKTS:AMNF) Announces Quarterly Earnings Results

Armanino Foods of Distinction (OTCMKTS:AMNF) issued its quarterly earnings data on Thursday. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $19.50 million during the quarter, compared to the consensus estimate of $19.40 million.

Armanino Foods of Distinction Stock Down 0.8%

OTCMKTS AMNF traded down $0.08 during trading hours on Friday, hitting $10.50. 16,515 shares of the stock were exchanged, compared to its average volume of 24,502. Armanino Foods of Distinction has a 12-month low of $7.27 and a 12-month high of $12.25. The stock has a 50-day moving average of $11.41 and a 200 day moving average of $10.75. The company has a market cap of $326.34 million, a price-to-earnings ratio of 19.09 and a beta of 0.09.

Analyst Upgrades and Downgrades

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