Rocky Mountain Chocolate Factory, Inc. (RMCF) Posts Earnings Results
Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) released its quarterly earnings data on Thursday. The company reported $0.16 earnings per share for the quarter, Bloomberg Earnings reports. Rocky Mountain Chocolate Factory had a net margin of 9.23% and a return on equity of 18.66%. The firm had revenue of $8.27 million for the quarter.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) opened at 11.6601 on Friday. The company’s 50 day moving average is $11.64 and its 200-day moving average is $11.69. The company has a market capitalization of $68.32 million, a price-to-earnings ratio of 19.4335 and a beta of 0.89. Rocky Mountain Chocolate Factory has a 52-week low of $9.65 and a 52-week high of $13.23.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Thursday, August 31st. Rocky Mountain Chocolate Factory’s payout ratio is currently 81.36%.
In other news, VP Gregory L. Pope sold 4,100 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $11.08, for a total value of $45,428.00. Following the sale, the vice president now directly owns 30,311 shares of the company’s stock, valued at approximately $335,845.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 6,889 shares of company stock worth $76,653 over the last ninety days. Insiders own 13.12% of the company’s stock.
Rocky Mountain Chocolate Factory Company Profile
Rocky Mountain Chocolate Factory, Inc is an international franchisor, confectionery manufacturer and retail operator. The Company’s subsidiary, U-Swirl International, Inc (U-Swirl), franchises and operates soft-serve frozen yogurt stores. The Company operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl operations and Other.
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