Friedman Industries (FRD) Issues Quarterly Earnings Results
Friedman Industries (NYSE:FRD) issued its earnings results on Thursday. The company reported ($0.06) EPS for the quarter, Bloomberg Earnings reports. The firm had revenue of $21.06 million during the quarter. Friedman Industries had a negative return on equity of 1.56% and a negative net margin of 1.48%.
Friedman Industries (NYSE FRD) opened at 5.78 on Friday. The company’s market capitalization is $40.51 million. The company has a 50-day moving average price of $5.49 and a 200 day moving average price of $6.25. Friedman Industries has a 12 month low of $5.00 and a 12 month high of $7.29.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Friday, July 14th will be given a $0.01 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $0.04 annualized dividend and a yield of 0.69%.
Friedman Industries Company Profile
Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two product groups: coil and tubular products. It purchases prime hot-rolled steel coils, processes the coils into flat, finished sheet and plate, and sells these products on a wholesale, rapid-delivery basis in competition with steel mills, importers and steel service centers.
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