Unique Fabricating Inc (UFAB) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Unique Fabricating Inc (NASDAQ:UFAB) released its quarterly earnings data on Monday. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by $0.04, Bloomberg Earnings reports. The business had revenue of $44.52 million during the quarter, compared to analysts’ expectations of $46.47 million. Unique Fabricating had a net margin of 4.28% and a return on equity of 16.29%.
Unique Fabricating (NASDAQ UFAB) traded down 2.9460% during mid-day trading on Tuesday, hitting $7.7255. 2,748 shares of the stock traded hands. Unique Fabricating has a 12-month low of $7.65 and a 12-month high of $15.93. The stock has a market cap of $75.36 million and a PE ratio of 11.0364. The company has a 50 day moving average of $9.37 and a 200-day moving average of $10.94.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.54%. The ex-dividend date of this dividend is Tuesday, August 29th.
An institutional investor recently bought a new position in Unique Fabricating stock. LMR Partners LLP bought a new position in shares of Unique Fabricating Inc (NASDAQ:UFAB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,458 shares of the company’s stock, valued at approximately $167,000. LMR Partners LLP owned 0.18% of Unique Fabricating as of its most recent SEC filing.
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Several analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $13.75 price objective on shares of Unique Fabricating in a report on Friday, May 12th. Zacks Investment Research downgraded shares of Unique Fabricating from a “hold” rating to a “sell” rating in a report on Saturday, May 13th.
Unique Fabricating Company Profile
Unique Fabricating, Inc is a United States-based company, which is engaged in the engineering and manufacturing of components for customers in the automotive and industrial appliance market. The Company offers various solutions, which consist of multi-material foam, rubber and plastic components. The Company’s fabricating capabilities include foam fabricating; foam die cutting; multi-layer die cutting; precision high-speed cutting; kiss cutting; fusion molding; vacuum forming; twin-sheet thermoforming; compression molding precision original equipment manufacturing (OEM) parts; non-metallic materials die cutting/fabrication; sound control parts, and soundproofing materials.
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