Amira Nature Foods (ANFI) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS
Amira Nature Foods (NYSE:ANFI) posted its quarterly earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.10, Stock Ratings News reports. The company had revenue of $138.81 million for the quarter, compared to the consensus estimate of $131.07 million. During the same quarter last year, the company posted $0.21 earnings per share. Amira Nature Foods’s revenue was up 25.9% compared to the same quarter last year.
ANFI has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Amira Nature Foods from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $14.20 price target on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Amira Nature Foods in a research note on Monday, June 2nd. They now have a $16.00 price target on the stock, down previously from $18.00.
Shares of Amira Nature Foods (NYSE:ANFI) traded up 2.98% during mid-day trading on Thursday, hitting $16.23. The stock had a trading volume of 374,362 shares. Amira Nature Foods has a 52-week low of $9.15 and a 52-week high of $25.00. The stock has a 50-day moving average of $14.19 and a 200-day moving average of $15.46. The company has a market cap of $582.5 million and a price-to-earnings ratio of 15.15.
Amira Nature Foods Ltd. is a provider of packaged Indian specialty rice, with sales in over 40 countries.
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