Armanino Foods of Distinction (OTCMKTS:AMNF) Announces Quarterly 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) announced its earnings results on Friday. The company reported $0.15 EPS for the quarter, Zacks reports. The business had revenue of $19.97 million during the quarter. Armanino Foods of Distinction had a net margin of 23.37% and a return on equity of 48.59%.

Armanino Foods of Distinction Trading Down 1.1%

AMNF traded down $0.10 during trading on Tuesday, reaching $8.90. 1,703 shares of the company's stock were exchanged, compared to its average volume of 18,666. Armanino Foods of Distinction has a one year low of $5.40 and a one year high of $9.01. The stock has a market capitalization of $276.79 million, a PE ratio of 16.79 and a beta of 0.18. The firm has a fifty day moving average price of $8.22 and a two-hundred day moving average price of $7.87.

Armanino Foods of Distinction Increases Dividend

The firm also recently announced a dividend, which was paid on Sunday, July 27th. Shareholders of record on Tuesday, July 8th were issued a dividend of $0.04 per share. This represents a yield of 198.0%. The ex-dividend date of this dividend was Monday, July 7th. This is a positive change from Armanino Foods of Distinction's previous dividend of $0.04. Armanino Foods of Distinction's payout ratio is presently 30.19%.

Analysts Set New Price Targets

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

About Armanino Foods of Distinction

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.