Armanino Foods of Distinction (OTCMKTS:AMNF) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Armanino Foods of Distinction (OTCMKTS:AMNF) announced its quarterly earnings data on Tuesday. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03, Zacks reports. The firm had revenue of $21.70 million during the quarter, compared to analyst estimates of $21.17 million. Armanino Foods of Distinction had a net margin of 24.57% and a return on equity of 46.16%.

Armanino Foods of Distinction Trading Down 0.8%

Shares of Armanino Foods of Distinction stock opened at $12.25 on Wednesday. The firm’s 50 day simple moving average is $11.90 and its two-hundred day simple moving average is $11.00. The firm has a market capitalization of $375.95 million, a price-to-earnings ratio of 19.44 and a beta of 0.09. Armanino Foods of Distinction has a 12-month low of $8.75 and a 12-month high of $12.35.

About Armanino Foods of Distinction

Armanino Foods of Distinction, Inc. manufactures and distributes specialty frozen Italian food products. Its offerings include pesto sauces, pasta and stuffed pasta, meatballs, Italian sauces, appetizers and other prepared foods. The company serves a range of customers, including foodservice distributors, restaurants, supermarkets, institutional food operators and food manufacturers. Its products are marketed for retail, foodservice and industrial applications, with distribution primarily in the United States and select international markets.