Analysts Anticipate Unique Fabricating Inc (UFAB) Will Announce Quarterly Sales of $42.68 Million
Analysts predict that Unique Fabricating Inc (NASDAQ:UFAB) will announce sales of $42.68 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Unique Fabricating’s earnings. The lowest sales estimate is $42.00 million and the highest is $43.25 million. Unique Fabricating posted sales of $44.75 million in the same quarter last year, which suggests a negative year over year growth rate of 4.6%. The company is scheduled to report its next earnings report on Tuesday, November 21st.
On average, analysts expect that Unique Fabricating will report full year sales of $42.68 million for the current financial year, with estimates ranging from $177.00 million to $179.01 million. For the next fiscal year, analysts forecast that the business will post sales of $186.35 million per share, with estimates ranging from $182.70 million to $190.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research 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 earnings per share (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 firm had revenue of $44.52 million for the quarter, compared to analyst estimates of $46.47 million.
A number of research firms have issued reports on UFAB. B. Riley restated a “buy” rating and issued a $12.00 target price on shares of Unique Fabricating in a report on Tuesday, August 8th. TheStreet lowered shares of Unique Fabricating from a “c-” rating to a “d+” rating in a report on Wednesday, August 16th. Roth Capital set a $11.00 target price on shares of Unique Fabricating and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research lowered shares of Unique Fabricating from a “hold” rating to a “sell” rating in a report on Saturday, May 13th.
Shares of Unique Fabricating (UFAB) opened at 7.26 on Friday. The company’s 50-day moving average is $7.90 and its 200 day moving average is $10.02. The firm has a market capitalization of $70.83 million and a PE ratio of 8.96. Unique Fabricating has a 52-week low of $7.10 and a 52-week high of $15.93.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 8.26%.
A number of large investors have recently added to or reduced their stakes in the business. LSV Asset Management acquired a new position in shares of Unique Fabricating during the 2nd quarter valued at about $120,000. LMR Partners LLP acquired a new position in shares of Unique Fabricating during the 2nd quarter valued at about $167,000. Susquehanna International Group LLP acquired a new position in shares of Unique Fabricating during the 2nd quarter valued at about $216,000. Kennedy Capital Management Inc. increased its stake in shares of Unique Fabricating by 47.9% during the 2nd quarter. Kennedy Capital Management Inc. now owns 175,282 shares of the company’s stock valued at $1,669,000 after acquiring an additional 56,799 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Unique Fabricating by 50.9% during the 2nd quarter. Vanguard Group Inc. now owns 178,448 shares of the company’s stock valued at $1,699,000 after acquiring an additional 60,194 shares during the last quarter.
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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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