Mama's Creations (NASDAQ:MAMA) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Mama's Creations (NASDAQ:MAMA - Get Free Report) posted its earnings results on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01, Zacks reports. The business had revenue of $33.59 million for the quarter, compared to analyst estimates of $31.02 million. Mama's Creations had a net margin of 3.02% and a return on equity of 16.52%.

Mama's Creations Stock Performance

NASDAQ MAMA traded down $0.07 during midday trading on Friday, hitting $6.51. The company had a trading volume of 305,249 shares, compared to its average volume of 355,045. The firm has a fifty day simple moving average of $6.58 and a two-hundred day simple moving average of $7.54. Mama's Creations has a fifty-two week low of $4.51 and a fifty-two week high of $9.98. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.16. The stock has a market cap of $244.69 million, a price-to-earnings ratio of 72.34 and a beta of 0.95.

Analyst Ratings Changes

MAMA has been the topic of several research analyst reports. Roth Mkm reaffirmed a "buy" rating and issued a $11.00 price target (up from $10.00) on shares of Mama's Creations in a research report on Tuesday, December 17th. Lake Street Capital raised their target price on Mama's Creations from $10.00 to $11.00 and gave the company a "buy" rating in a report on Tuesday, December 17th.

Mama's Creations Company Profile

Mama's Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products.