Penford Corp (PENX) to Release Earnings on Thursday
Penford Corp (NASDAQ:PENX) is scheduled to release its Q1 earnings data before the market opens on Thursday, January 9th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Penford Corp (NASDAQ:PENX) last issued its quarterly earnings data on Thursday, November 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.21. The company had revenue of $28.44 million for the quarter, compared to the consensus estimate of $25.54 million. On average, analysts expect Penford Corp to post $0.67 EPS for the current fiscal year and $0.88 EPS for the next fiscal year.
Penford Corp (NASDAQ:PENX) opened at 12.86 on Wednesday. Penford Corp has a 52 week low of $7.51 and a 52 week high of $15.98. The stock has a 50-day moving average of $12.41 and a 200-day moving average of $13.65. The company has a market cap of $160.7 million and a P/E ratio of 38.75.
On a related note, analysts at Zacks downgraded shares of Penford Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, November 18th. They now have a $11.80 price target on the stock.
Penford Corporation (NASDAQ:PENX) is a developer, manufacturer and marketer of specialty natural-based ingredient systems for food and industrial ingredient applications, including fuel grade ethanol.
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