Mama's Creations (NASDAQ:MAMA) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Mama's Creations (NASDAQ:MAMA - Get Free Report) announced its earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01, Zacks reports. Mama's Creations had a return on equity of 16.52% and a net margin of 3.02%. The business had revenue of $35.30 million for the quarter, compared to analyst estimates of $32.74 million.

Mama's Creations Stock Performance

MAMA stock traded down $0.34 during mid-day trading on Thursday, reaching $8.02. 158,681 shares of the stock traded hands, compared to its average volume of 344,199. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.16. Mama's Creations has a 52 week low of $5.50 and a 52 week high of $9.98. The business has a 50-day moving average of $6.85 and a two-hundred day moving average of $7.31. The firm has a market capitalization of $301.52 million, a PE ratio of 89.12 and a beta of 0.71.

Analyst Ratings Changes

Separately, Roth Capital reaffirmed a "buy" rating and set a $10.00 target price (up from $9.00) on shares of Mama's Creations in a report on Wednesday.

About Mama's Creations

Mama's Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products.