Annie’s Inc (BNNY) Issues FY14 Earnings Guidance
Annie’s Inc (NASDAQ:BNNY) updated its FY14 earnings guidance on Monday. The company provided EPS guidance of $0.92-0.93 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.98, Analyst Ratings Net reports. The company issued revenue guidance of +19.0-19.5% to ~$202.3-203.2 million, compared to the consensus revenue estimate of $205.56 million.
A number of research firms have recently commented on BNNY. 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 a related note, 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $51.14.
Annie’s Inc (NASDAQ:BNNY) traded down 0.31% on Monday, hitting $41.83. The stock had a trading volume of 422,575 shares. Annie’s Inc has a 52-week low of $35.70 and a 52-week 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 price-to-earnings ratio of 56.02.
Annie’s (NASDAQ:BNNY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.01. 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. On average, analysts predict that Annie’s Inc will post $0.97 earnings per share for the current fiscal year.
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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