Annie’s (BNNY) Announces Quarterly Earnings, Misses Estimates By $0.01 EPS
Annie’s (NASDAQ:BNNY) released its earnings data on Monday. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.01, StockRatingsNetwork.com reports. The company had revenue of $46.20 million for the quarter, compared to the consensus estimate of $45.90 million. During the same quarter last year, the company posted $0.15 earnings per share. Annie’s's revenue was up 27.3% compared to the same quarter last year. Annie’s updated its FY14 guidance to $0.92-0.93 EPS.
A number of analysts have recently weighed in on BNNY shares. Analysts at Janney Montgomery Scott upgraded shares of Annie’s from a “sell” rating to a “neutral” rating in a research note to investors on Thursday, January 16th. They now have a $47.00 price target on the stock, up previously from $35.00. On the ratings front, analysts at RBC Capital initiated coverage on shares of Annie’s in a research note to investors on Monday, November 25th. They set an “outperform” rating and a $54.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Annie’s from $44.00 to $54.00 in a research note to investors on Tuesday, November 12th. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $51.14.
Shares of Annie’s (NASDAQ:BNNY) traded down 0.31% on Monday, hitting $41.83. The stock had a trading volume of 422,775 shares. Annie’s has a one year low of $35.70 and a one year high of $52.38. The stock’s 50-day moving average is $41.39 and its 200-day moving average is $45.07. The company has a market cap of $707.4 million and a P/E ratio of 56.02.
Annie’s, Inc is a natural and organic food company. The Company’s product lines include natural products, products made with organic ingredients and certified organic products.
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