Danone (DANOY) Expected to Post Quarterly Earnings on Wednesday

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

Danone Price Performance

Shares of DANOY stock opened at $16.36 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. Danone has a fifty-two week low of $14.19 and a fifty-two week high of $18.63. The business’s 50 day moving average price is $15.51 and its 200-day moving average price is $16.05.

Analyst Ratings Changes

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

Danone Company Profile

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.