Synalloy Corporation (SYNL) Set to Announce Quarterly Earnings on Tuesday
Synalloy Corporation (NASDAQ:SYNL) is scheduled to announce its earnings results before the market opens on Tuesday, November 7th.
Synalloy Corporation (NASDAQ:SYNL) last released its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $51.51 million during the quarter. Synalloy Corporation had a positive return on equity of 0.64% and a negative net margin of 1.54%. On average, analysts expect Synalloy Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Synalloy Corporation (SYNL) traded down 1.39% during trading on Tuesday, hitting $14.20. The stock had a trading volume of 4,719 shares. The company’s market capitalization is $123.77 million. Synalloy Corporation has a 52 week low of $8.95 and a 52 week high of $15.30. The company’s 50 day moving average price is $13.01 and its 200 day moving average price is $11.92.
The firm also recently announced an annual dividend, which will be paid on Monday, November 6th. Stockholders of record on Wednesday, October 25th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, October 24th. This represents a dividend yield of 0.94%. Synalloy Corporation’s payout ratio is presently -44.83%.
In other news, CEO Craig C. Bram acquired 7,061 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $10.84 per share, for a total transaction of $76,541.24. Following the completion of the purchase, the chief executive officer now owns 177,802 shares in the company, valued at $1,927,373.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Privet Fund Management Llc acquired 22,036 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was purchased at an average price of $11.80 per share, for a total transaction of $260,024.80. Following the purchase, the insider now owns 49,086 shares of the company’s stock, valued at approximately $579,214.80. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 60,012 shares of company stock worth $692,600. 10.60% of the stock is owned by company insiders.
COPYRIGHT VIOLATION NOTICE: “Synalloy Corporation (SYNL) Set to Announce Quarterly Earnings on Tuesday” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/10/31/synalloy-corporation-synl-set-to-announce-quarterly-earnings-on-tuesday.html.
Synalloy Corporation Company Profile
Synalloy Corporation is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Company’s Metals Segment comprises three subsidiaries: Synalloy Metals, Inc, which owns Bristol Metals, LLC (BRISMET), located in Bristol, Tennessee; Palmer of Texas Tanks, Inc (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc (Specialty), located in Mineral Ridge, Ohio and Houston, Texas.
Receive News & Ratings for Synalloy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synalloy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.