Friedman Industries (NASDAQ:FRD – Get Free Report) announced its earnings results on Thursday. The company reported $1.79 earnings per share (EPS) for the quarter, FiscalAI reports. Friedman Industries had a net margin of 3.02% and a return on equity of 13.70%. The firm had revenue of $239.97 million for the quarter.
Friedman Industries Trading Up 2.2%
NASDAQ FRD opened at $37.72 on Friday. Friedman Industries has a one year low of $15.13 and a one year high of $39.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.11 and a current ratio of 3.38. The company has a market capitalization of $271.96 million, a price-to-earnings ratio of 13.67 and a beta of 1.57. The company’s 50-day simple moving average is $32.62 and its two-hundred day simple moving average is $23.98.
Friedman Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 17th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. Friedman Industries’s dividend payout ratio (DPR) is 5.80%.
Hedge Funds Weigh In On Friedman Industries
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Friedman Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.
Get Our Latest Research Report on Friedman Industries
Friedman Industries Company Profile
Friedman Industries, Inc is a specialized manufacturer of high-quality steel grating products for industrial and commercial applications. The company’s core offerings include industrial bar gratings, stair treads, trench covers, checkered plates and lighting frames. These products are designed to meet stringent safety and durability requirements in sectors such as oil and gas, power generation, wastewater treatment and infrastructure development.
Friedman Industries serves a broad customer base across North America, providing both standard and custom solutions through its manufacturing facilities in Pennsylvania and California.
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