Shiloh Industries (SHLO) Releases Earnings Results, Misses Expectations By $0.06 EPS

Shiloh Industries (NASDAQ:SHLO) posted its quarterly earnings results on Friday. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06), Morningstar.com reports. The company had revenue of $264.20 million during the quarter, compared to the consensus estimate of $265.32 million. Shiloh Industries had a return on equity of 10.67% and a net margin of 0.52%.

Shiloh Industries (NASDAQ SHLO) traded down $1.60 during trading on Friday, reaching $7.41. 749,124 shares of the company were exchanged, compared to its average volume of 271,575. Shiloh Industries has a fifty-two week low of $6.88 and a fifty-two week high of $16.69. The stock has a market cap of $197.01, a price-to-earnings ratio of 22.46 and a beta of 2.10. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.39 and a quick ratio of 1.07.

Separately, Bank of America started coverage on shares of Shiloh Industries in a research note on Thursday, September 7th. They issued a “neutral” rating and a $9.50 price objective for the company.

In related news, Director Jean Brunol sold 5,000 shares of Shiloh Industries stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $10.20, for a total value of $51,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 51.70% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in Shiloh Industries by 5.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,531,531 shares of the basic materials company’s stock valued at $15,928,000 after buying an additional 72,896 shares in the last quarter. Weber Alan W grew its stake in Shiloh Industries by 69.1% in the 3rd quarter. Weber Alan W now owns 501,679 shares of the basic materials company’s stock valued at $5,217,000 after buying an additional 205,000 shares in the last quarter. Vanguard Group Inc. grew its stake in Shiloh Industries by 16.4% in the 2nd quarter. Vanguard Group Inc. now owns 384,329 shares of the basic materials company’s stock valued at $4,512,000 after buying an additional 54,154 shares in the last quarter. Algert Global LLC grew its stake in Shiloh Industries by 54.4% in the 3rd quarter. Algert Global LLC now owns 190,712 shares of the basic materials company’s stock valued at $1,983,000 after buying an additional 67,233 shares in the last quarter. Finally, Numeric Investors LLC grew its stake in Shiloh Industries by 0.6% in the 2nd quarter. Numeric Investors LLC now owns 190,435 shares of the basic materials company’s stock valued at $2,236,000 after buying an additional 1,183 shares in the last quarter. Institutional investors and hedge funds own 42.23% of the company’s stock.

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About Shiloh Industries

Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.

Earnings History for Shiloh Industries (NASDAQ:SHLO)

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