FGI Industries (NASDAQ:FGI – Get Free Report) was downgraded by Benchmark from a “strong-buy” rating to a “moderate buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.
A number of other research analysts have also recently issued reports on FGI. UBS Group set a $13.00 target price on FGI Industries in a research report on Friday. Wall Street Zen downgraded shares of FGI Industries from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FGI Industries in a report on Wednesday, June 24th. Finally, Zacks Research downgraded shares of FGI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $13.00.
View Our Latest Research Report on FGI Industries
FGI Industries Stock Performance
FGI Industries (NASDAQ:FGI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.50. FGI Industries had a positive return on equity of 9.85% and a negative net margin of 3.07%.The company had revenue of $31.89 million during the quarter, compared to analysts’ expectations of $33.85 million. As a group, research analysts forecast that FGI Industries will post -0.61 EPS for the current fiscal year.
Key Stories Impacting FGI Industries
Here are the key news stories impacting FGI Industries this week:
- Positive Sentiment: FGI reported second-quarter adjusted earnings of $0.60 per share, significantly exceeding analyst estimates, which ranged from $0.10 to a loss of $0.23 per share. The earnings surprise likely supported buying interest. FGI Industries Beats Q2 Earnings Estimates
- Positive Sentiment: Management provided fiscal 2026 revenue guidance of $134 million to $141 million, a range that surrounds the roughly $135.4 million consensus estimate and indicates expectations for continued annual revenue. FGI Industries Announces Second Quarter 2026 Results
- Neutral Sentiment: Trading in FGI was paused repeatedly under exchange “Limit Up-Limit Down” rules on August 13. These pauses signal exceptional intraday volatility and can amplify price swings, but they do not by themselves indicate a change in the company’s fundamentals.
- Negative Sentiment: Second-quarter revenue was $31.89 million, below the $33.85 million analyst forecast. The company also recorded a negative net margin of 3.07%, while full-year analyst projections still call for a loss, tempering the positive impact of the earnings beat. FGI Industries Q2 2026 Earnings Call Transcript
FGI Industries Company Profile
FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.
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