Mamamancini’s Holdings Inc (MMMB) to Post Q3 2019 Earnings of $0.01 Per Share, Taglich Brothers Forecasts

Mamamancini’s Holdings Inc (OTCMKTS:MMMB) – Investment analysts at Taglich Brothers dropped their Q3 2019 earnings per share estimates for Mamamancini’s in a research report issued to clients and investors on Monday, September 24th. Taglich Brothers analyst H. Halpern now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their prior forecast of $0.03. Taglich Brothers also issued estimates for Mamamancini’s’ FY2019 earnings at $0.03 EPS, Q1 2020 earnings at $0.02 EPS, Q3 2020 earnings at $0.03 EPS, Q4 2020 earnings at $0.04 EPS and FY2020 earnings at $0.10 EPS.

OTCMKTS:MMMB opened at $0.65 on Thursday. The firm has a market capitalization of $22.06 million, a P/E ratio of 65.20 and a beta of 0.27. Mamamancini’s has a 12-month low of $0.51 and a 12-month high of $1.93. The company has a quick ratio of 0.34, a current ratio of 0.52 and a debt-to-equity ratio of -0.79.

Mamamancini’s (OTCMKTS:MMMB) last released its earnings results on Friday, September 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $5.64 million during the quarter, compared to analysts’ expectations of $7.40 million. Mamamancini’s had a net margin of 0.98% and a negative return on equity of 31.49%.

Mamamancini’s Company Profile

MamaMancini's Holdings, Inc manufactures and distributes prepared, frozen, and refrigerated food products primarily in the United States. The company offers beef, turkey, chicken, and pork meatballs with sauce; meatloaf and Italian entrees; and meats and sauces. It sells its products through a commission broker network to supermarkets and mass-market retailers, and food distributors.

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Earnings History and Estimates for Mamamancini`s (OTCMKTS:MMMB)

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