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

Armanino Foods of Distinction (OTCMKTS:AMNF) issued its quarterly earnings results on Tuesday. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03, Zacks reports. Armanino Foods of Distinction had a return on equity of 46.16% and a net margin of 24.57%.

Armanino Foods of Distinction Trading Down 0.8%

OTCMKTS:AMNF traded down $0.10 on Tuesday, reaching $12.25. 9,691 shares of the stock traded hands, compared to its average volume of 36,468. The company 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. The company’s fifty day simple moving average is $11.89 and its 200 day simple moving average is $11.00.

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.