Danone (DANOY) Expected to Post Quarterly Earnings on Wednesday

Danone (OTCMKTS:DANOY) is projected to announce its resultson Wednesday, July 29th. Analysts expect the company to announce earnings of $0.4287 per share and revenue of $8.0954 billion for the quarter.

Danone Stock Performance

Shares of OTCMKTS DANOY opened at $15.96 on Monday. Danone has a 12-month low of $14.19 and a 12-month high of $18.63. The firm’s 50-day simple moving average is $15.60 and its 200 day simple moving average is $16.01. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DANOY. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Danone in a research note on Friday, July 3rd. Santander upgraded shares of Danone to an “outperform” rating in a research report on Wednesday, June 10th. Finally, Jefferies Financial Group cut shares of Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Danone presently 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.