Diamond Foods (NASDAQ:DMND) posted its quarterly earnings results on Thursday. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04, American Banking News reports. The company had revenue of $234.70 million for the quarter, compared to the consensus estimate of $237.11 million. During the same quarter last year, the company posted $0.24 earnings per share. Diamond Foods’s revenue was down 9.2% compared to the same quarter last year.
DMND has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Diamond Foods in a research note to investors on Wednesday, October 9th. They now have a $22.00 price target on the stock. On a related note, analysts at Jefferies Group reiterated a “hold” rating on shares of Diamond Foods in a research note to investors on Tuesday, October 1st. They now have a $21.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Diamond Foods from $14.00 to $18.00 in a research note to investors on Tuesday, October 1st. They now have a “market perform” rating on the stock. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Diamond Foods has an average rating of “Hold” and an average price target of $20.11.
Shares of Diamond Foods (NASDAQ:DMND) opened at 24.14 on Friday. Diamond Foods has a 1-year low of $13.12 and a 1-year high of $25.32. The stock has a 50-day moving average of $24.01 and a 200-day moving average of $21.41. The company’s market cap is $539.2 million.
Diamond Foods, Inc (NASDAQ:DMND) is a packaged food company focused on building, acquiring and energizing brands.
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