Brokerages expect Shiloh Industries, Inc. (NASDAQ:SHLO) to post earnings per share of $0.01 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Shiloh Industries’ earnings. Shiloh Industries reported earnings of ($0.23) per share during the same quarter last year, which suggests a positive year over year growth rate of 104.3%. The firm is expected to announce its next earnings results on Thursday, December 19th.
According to Zacks, analysts expect that Shiloh Industries will report full-year earnings of $0.25 per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of $0.50 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Shiloh Industries.
Shiloh Industries (NASDAQ:SHLO) last released its earnings results on Thursday, September 5th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $263.45 million for the quarter. Shiloh Industries had a positive return on equity of 0.16% and a negative net margin of 1.35%.
A number of research analysts recently commented on SHLO shares. TheStreet cut Shiloh Industries from a “c-” rating to a “d” rating in a report on Wednesday, August 14th. Zacks Investment Research raised Shiloh Industries from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Bank of America raised Shiloh Industries from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Finally, ValuEngine raised Shiloh Industries from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SHLO. Wedge Capital Management L L P NC raised its holdings in shares of Shiloh Industries by 13.6% during the second quarter. Wedge Capital Management L L P NC now owns 146,409 shares of the basic materials company’s stock valued at $713,000 after buying an additional 17,501 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Shiloh Industries by 120.4% during the second quarter. JPMorgan Chase & Co. now owns 32,970 shares of the basic materials company’s stock worth $152,000 after purchasing an additional 18,012 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Shiloh Industries by 32.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,640 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 9,451 shares in the last quarter. New England Private Wealth Advisors LLC bought a new stake in Shiloh Industries during the second quarter worth approximately $58,000. Finally, Weber Alan W raised its holdings in Shiloh Industries by 36.4% during the second quarter. Weber Alan W now owns 1,407,908 shares of the basic materials company’s stock worth $6,857,000 after purchasing an additional 375,388 shares in the last quarter. 41.87% of the stock is currently owned by institutional investors.
NASDAQ SHLO traded up $0.13 during trading hours on Monday, reaching $3.94. The company’s stock had a trading volume of 27,336 shares, compared to its average volume of 48,483. The firm’s 50-day moving average price is $3.84 and its 200-day moving average price is $4.41. The company has a quick ratio of 1.03, a current ratio of 1.34 and a debt-to-equity ratio of 1.30. Shiloh Industries has a 1 year low of $3.57 and a 1 year high of $8.23. The company has a market capitalization of $93.74 million, a price-to-earnings ratio of 6.35, a PEG ratio of 1.00 and a beta of 1.72.
About Shiloh Industries
Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting solutions to automotive and commercial vehicle markets worldwide. The company produces components primarily for body structure, chassis, and propulsion systems. Its solution materials include aluminum, magnesium, steel, high strength steel alloys, and acoustic laminates; body structure components comprise shock towers, instrument panels/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, liftgates, door inners, roof supports/roof panels, dashpanels, and body sides; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers, ptu covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, steering pumps, brake components, wheel blanks, and flanges.
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