Zacks: Analysts Expect Unique Fabricating Inc (UFAB) Will Announce Earnings of $0.16 Per Share
Wall Street analysts expect that Unique Fabricating Inc (NASDAQ:UFAB) will post earnings of $0.16 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Unique Fabricating’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.14. Unique Fabricating posted earnings per share of $0.26 in the same quarter last year, which would indicate a negative year-over-year growth rate of 38.5%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 21st.
According to Zacks, analysts expect that Unique Fabricating will report full-year earnings of $0.74 per share for the current financial year, with EPS estimates ranging from $0.73 to $0.74. For the next financial year, analysts forecast that the company will post earnings of $0.87 per share, with EPS estimates ranging from $0.81 to $0.92. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Unique Fabricating.
Unique Fabricating (NASDAQ:UFAB) last released its quarterly earnings data on Monday, August 7th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.04. Unique Fabricating had a return on equity of 13.16% and a net margin of 3.75%. The company had revenue of $44.52 million during the quarter, compared to analysts’ expectations of $46.47 million.
Several brokerages recently issued reports on UFAB. B. Riley reaffirmed a “buy” rating and set a $12.00 price objective on shares of Unique Fabricating in a report on Tuesday, August 8th. Zacks Investment Research cut Unique Fabricating from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. TheStreet cut Unique Fabricating from a “c-” rating to a “d+” rating in a report on Wednesday, August 16th. Finally, Roth Capital set a $11.00 price objective on Unique Fabricating and gave the stock a “buy” rating in a report on Tuesday, August 8th.
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Unique Fabricating (NASDAQ UFAB) traded down 1.09% during midday trading on Thursday, reaching $7.25. The company’s stock had a trading volume of 30,176 shares. The stock’s 50 day moving average is $8.01 and its 200 day moving average is $10.06. The stock has a market cap of $70.73 million and a P/E ratio of 8.95. Unique Fabricating has a 12-month low of $7.10 and a 12-month high of $15.93.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 31st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.60 annualized dividend and a yield of 8.19%.
Hedge funds have recently modified their holdings of the stock. LSV Asset Management acquired a new position in Unique Fabricating during the second quarter worth $120,000. LMR Partners LLP acquired a new position in Unique Fabricating during the second quarter worth $167,000. Susquehanna International Group LLP acquired a new position in Unique Fabricating during the second quarter worth $216,000. Kennedy Capital Management Inc. raised its holdings in Unique Fabricating by 47.9% during the second quarter. Kennedy Capital Management Inc. now owns 175,282 shares of the company’s stock worth $1,669,000 after purchasing an additional 56,799 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Unique Fabricating by 50.9% during the second quarter. Vanguard Group Inc. now owns 178,448 shares of the company’s stock worth $1,699,000 after purchasing an additional 60,194 shares during the last quarter.
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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