Synalloy Corp (SYNL) Posts Quarterly Earnings Results, Misses Expectations By $0.21 EPS
Synalloy Corp (NASDAQ:SYNL) released its earnings data on Monday. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.21, Analyst Ratings Net reports. The company had revenue of $54.40 million for the quarter, compared to the consensus estimate of $70.00 million.
Synalloy Corp (NASDAQ:SYNL) opened at 16.462 on Monday. Synalloy Corp has a one year low of $12.26 and a one year high of $17.38. The stock’s 50-day moving average is $16.24 and its 200-day moving average is $15.23. The company has a market cap of $105.1 million and a P/E ratio of 20.30.
Several analysts have recently commented on the stock. Analysts at Sterne Agee initiated coverage on shares of Synalloy Corp in a research note to investors on Thursday. They set a “buy” rating and a $22.00 price target on the stock. On the ratings front, analysts at Stifel Nicolaus initiated coverage on shares of Synalloy Corp in a research note to investors on Wednesday, October 16th. They set a “buy” rating on the stock. Finally, analysts at BB&T Corp. initiated coverage on shares of Synalloy Corp in a research note to investors on Thursday, October 10th. They set a “buy” rating and a $23.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Synalloy Corp has a consensus rating of “Buy” and a consensus target price of $22.50.
Synalloy Corporation operates in two segments: the Metals Segment and the Specialty Chemicals Segment.
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