Danone (DANOY) Expected to Post Quarterly Earnings on Wednesday

Danone (OTCMKTS:DANOY) is expected to release its resultson Wednesday, July 29th. Analysts expect the company to announce earnings of $0.4308 per share and revenue of $8.1034 billion for the quarter.

Danone Price Performance

OTCMKTS:DANOY opened at $16.36 on Wednesday. The firm’s 50-day moving average price is $15.51 and its 200-day moving average price is $16.05. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.58. Danone has a 1-year low of $14.19 and a 1-year high of $18.63.

Wall Street Analyst Weigh In

Several research firms recently commented on DANOY. Morgan Stanley reissued an “overweight” rating on shares of Danone in a research note on Monday, June 29th. Santander raised shares of Danone to an “outperform” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a report on Friday, July 3rd. Finally, Jefferies Financial Group cut Danone from a “hold” rating to an “underperform” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Danone has an average rating of “Hold”.

About Danone

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone’s long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone’s principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.