Diamond Foods (DMND) Announces Quarterly Results

Diamond Foods (NASDAQ: DMND) posted its quarterly earnings results on Monday. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.03. The company had revenue of $220.80 million for the quarter, compared to the consensus estimate of $239.02 million. Diamond Foods’s revenue was down 15.9% compared to the same quarter last year.

Several analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Diamond Foods from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, December 31st. They now have a $12.00 price target on the stock. On a related note, analysts at Jefferies Group reiterated an “underperform” rating on shares of Diamond Foods in a research note to investors on Wednesday, December 19th. They now have a $11.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Diamond Foods from $15.00 to $14.00 in a research note to investors on Tuesday, December 18th. They now have a “sector perform” rating on the stock.

One investment analyst has rated the stock with a buy rating, seven have assigned a hold rating, and one has issued a sell rating to the company’s stock. Diamond Foods currently has a consensus rating of “hold” and a consensus target price of $14.00.

Shares of Diamond Foods (DMND) traded up 0.23% during mid-day trading on Monday, hitting $17.60. Diamond Foods (DMND) has a 52 week low of $12.85 and a 52 week high of $28.29. The stock’s 50-day moving average is currently $15.19. The company’s market cap is $388.4 million.

Diamond Foods, Inc. (Diamond) is a packaged food company focused on building, acquiring and energizing brands.

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