Amira Nature Foods Ltd (ANFI) Releases Quarterly Earnings, Beats Expectations By $0.11 EPS
Amira Nature Foods Ltd (NYSE:ANFI) issued its quarterly earnings results on Monday. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.11, StockRatingsNetwork.com reports. The company had revenue of $110.30 million for the quarter, compared to the consensus estimate of $98.84 million.
ANFI has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Amira Nature Foods Ltd in a research note to investors on Tuesday. They now have a $14.00 price target on the stock, up previously from $13.00. On the ratings front, analysts at Thomson Reuters/Verus initiated coverage on shares of Amira Nature Foods Ltd in a research note to investors on Monday, August 5th. They set a “buy” rating on the stock.
Five equities research analysts have rated the stock with a buy rating, Amira Nature Foods Ltd currently has an average rating of “Buy” and a consensus price target of $12.67.
Shares of Amira Nature Foods Ltd (NYSE:ANFI) traded up 3.86% on Wednesday, hitting $9.15. 92,890 shares of the company’s stock traded hands. Amira Nature Foods Ltd has a 52-week low of $6.25 and a 52-week high of $9.80. The stock’s 50-day moving average is $8.17 and its 200-day moving average is $7.9. The company has a market cap of $326.4 million and a P/E ratio of 13.92.
Amira Nature Foods Ltd. is a provider of packaged Indian specialty rice, with sales in over 40 countries.
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