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

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

Mama's Creations Trading Down 0.3%

Shares of Mama's Creations stock traded down $0.02 during trading hours on Friday, hitting $7.94. The company's stock had a trading volume of 390,093 shares, compared to its average volume of 343,899. The business has a fifty day moving average of $6.92 and a 200 day moving average of $7.31. Mama's Creations has a 1-year low of $5.50 and a 1-year high of $9.98. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $298.51 million, a PE ratio of 88.23 and a beta of 0.71.

Analyst Ratings Changes

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

Mama's Creations Company Profile

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.