MANE (NYSE:MANE) Posts Earnings Results, Misses Expectations By $0.76 EPS

MANE (NYSE:MANE) issued its quarterly earnings data on Tuesday. The company reported ($1.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.76), Zacks reports.

MANE Price Performance

MANE stock traded down $4.08 during mid-day trading on Tuesday, reaching $104.05. 560,454 shares of the company were exchanged, compared to its average volume of 514,495. The firm’s fifty day simple moving average is $69.17. MANE has a 12 month low of $32.00 and a 12 month high of $117.71.

Analyst Ratings Changes

Several analysts recently issued reports on MANE shares. Citigroup initiated coverage on MANE in a research note on Monday, March 2nd. They issued a “buy” rating and a $85.00 price target for the company. Jefferies Financial Group started coverage on MANE in a report on Monday, March 2nd. They set a “buy” rating and a $75.00 target price for the company. Leerink Partners boosted their target price on shares of MANE from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Cantor Fitzgerald began coverage on shares of MANE in a research note on Monday, March 2nd. They issued an “overweight” rating on the stock. Finally, Wall Street Zen raised shares of MANE to a “hold” rating in a research report on Sunday, February 15th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, MANE presently has a consensus rating of “Moderate Buy” and an average target price of $83.33.

MANE Company Profile

MANE is a global manufacturer and supplier of flavors, fragrances and ingredients for the food, beverage, personal care, household and fine fragrance markets. Headquartered in France, the company develops and produces aromatic solutions that are used by consumer goods companies, food processors, perfumers and formulators seeking sensory impact, taste modulation and olfactory character for their products.

The company’s product portfolio includes savory and sweet flavor systems, beverage concentrates, natural extracts, essential oils, fragrance compounds, cosmetic ingredients and specialty functional solutions such as taste enhancers and odor masking agents.