Rocky Mountain Chocolate Factory (RMCF) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) released its earnings data on Tuesday. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.02, Analyst Ratings.Net reports. The company had revenue of $8.70 million for the quarter, compared to the consensus estimate of $8.30 million.
Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) opened at 12.60 on Tuesday. Rocky Mountain Chocolate Factory has a 1-year low of $10.00 and a 1-year high of $13.98. The stock’s 50-day moving average is $12.35 and its 200-day moving average is $12.62. The company has a market cap of $76.6 million and a P/E ratio of 48.46.
A number of research firms have recently commented on RMCF. Analysts at CIBC reiterated a “hold” rating on shares of Rocky Mountain Chocolate Factory in a research note to investors on Tuesday, October 1st. They now have a $14.00 price target on the stock. On a related note, analysts at M Partners cut their price target on shares of Rocky Mountain Chocolate Factory from $20.00 to $17.35 in a research note to investors on Tuesday, October 1st. They now have a “buy” rating on the stock.
Rocky Mountain Chocolate Factory, Inc is an international franchisor and confectionery manufacturer. The Company is engaged in the manufacture of a range of chocolate candies and other confectionery products.
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