NEW YORK (TheStreet) -- Amira Nature Foods (ANFI) shares are up 17.76% to $15.38 on Tuesday following the release of the company's fourth quarter earnings results after yesterday's close.
The Duba-based packaged Indian rice manufacturer reported earnings of 47 cents per diluted share, 14 cents better than Wall Street estimates.
Revenue for the quarter was $186.6 million, well ahead of analysts $162.2 million forecast.
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TheStreet Ratings team rates AMIRA NATURE FOODS LTD as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate AMIRA NATURE FOODS LTD (ANFI) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."