Zacks: Analysts Anticipate Unique Fabricating Inc (UFAB) to Post $0.16 EPS
Wall Street brokerages expect that Unique Fabricating Inc (NASDAQ:UFAB) will report earnings per share of $0.16 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Unique Fabricating’s earnings, with estimates ranging from $0.14 to $0.18. Unique Fabricating reported earnings per share of $0.26 in the same quarter last year, which would suggest a negative year over year growth rate of 38.5%. The company is expected to report its next earnings report before the market opens on Thursday, November 9th.
On average, 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 year, analysts anticipate that the company will post earnings of $0.87 per share, with EPS estimates ranging from $0.81 to $0.92. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Unique Fabricating.
Unique Fabricating (NASDAQ:UFAB) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Unique Fabricating had a net margin of 3.75% and a return on equity of 13.16%. The business had revenue of $44.52 million for the quarter, compared to the consensus estimate of $46.47 million.
A number of research analysts have weighed in on the company. Roth Capital set a $11.00 target price on Unique Fabricating and gave the company a “buy” rating in a report on Tuesday, August 8th. TheStreet downgraded Unique Fabricating from a “c-” rating to a “d+” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Unique Fabricating from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, B. Riley reiterated a “buy” rating and issued a $12.00 price objective on shares of Unique Fabricating in a research report on Sunday, August 13th.
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A number of hedge funds have recently bought and sold shares of UFAB. Royce & Associates LP raised its stake in shares of Unique Fabricating by 56.6% in the second quarter. Royce & Associates LP now owns 564,389 shares of the company’s stock worth $5,373,000 after buying an additional 203,900 shares during the period. Kennedy Capital Management Inc. grew its holdings in 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 buying an additional 56,799 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in Unique Fabricating by 59.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 186,790 shares of the company’s stock valued at $1,778,000 after buying an additional 69,518 shares in the last quarter. LSV Asset Management purchased a new position in Unique Fabricating during the 2nd quarter valued at approximately $120,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Unique Fabricating in the 2nd quarter valued at approximately $216,000.
About Unique Fabricating
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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