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

Key Points

• Armanino Foods of Distinction reported earnings of $0.15 per share for the latest quarter, with a net margin of 22.72% and a return on equity of 46.98%.
• The company recently declared a dividend of $0.04, which indicates a dividend yield of 198.0%, reflecting a boost from the previous dividend.
• Shares of Armanino Foods were upgraded to a "buy" rating by Wall Street Zen, signaling increased analyst confidence in the stock.

Armanino Foods of Distinction (OTCMKTS:AMNF - Get Free Report) issued its earnings results on Friday. The company reported $0.15 earnings per share for the quarter, Zacks reports. The business had revenue of $19.97 million for the quarter. Armanino Foods of Distinction had a return on equity of 46.98% and a net margin of 22.72%.

Armanino Foods of Distinction Stock Performance

OTCMKTS AMNF traded up $0.54 during trading hours on Friday, hitting $8.68. The company had a trading volume of 135,939 shares, compared to its average volume of 7,149. Armanino Foods of Distinction has a 1-year low of $5.36 and a 1-year high of $8.68. The company has a market cap of $269.95 million, a PE ratio of 16.38 and a beta of 0.18. The business has a 50 day moving average of $8.20 and a 200-day moving average of $7.86.

Armanino Foods of Distinction Increases Dividend

The business also recently disclosed a dividend, which was paid on Sunday, July 27th. Shareholders of record on Tuesday, July 8th were paid a $0.04 dividend. This is a boost from Armanino Foods of Distinction's previous dividend of $0.04. This represents a yield of 198.0%. The ex-dividend date was Monday, July 7th. Armanino Foods of Distinction's payout ratio is currently 32.00%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Armanino Foods of Distinction to a "buy" rating in a report on Friday, June 20th.

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.