Equities analysts expect that Shiloh Industries, Inc. (NASDAQ:SHLO) will report $0.02 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Shiloh Industries’ earnings. Shiloh Industries posted earnings of $0.23 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 91.3%. The firm is expected to announce its next quarterly earnings report on Friday, September 6th.
On average, analysts expect that Shiloh Industries will report full year earnings of $0.30 per share for the current year. For the next fiscal year, analysts expect that the business will post earnings of $0.50 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Shiloh Industries.
Shiloh Industries (NASDAQ:SHLO) last announced its quarterly earnings results on Monday, June 10th. The basic materials company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.23. Shiloh Industries had a positive return on equity of 2.45% and a negative net margin of 0.09%. The business had revenue of $273.37 million during the quarter.
Shares of SHLO stock traded down $0.16 during trading hours on Friday, reaching $4.45. 19,537 shares of the company’s stock were exchanged, compared to its average volume of 56,614. Shiloh Industries has a fifty-two week low of $3.98 and a fifty-two week high of $12.28. The company has a market capitalization of $113.58 million, a PE ratio of 7.18, a P/E/G ratio of 3.27 and a beta of 1.63. The business’s fifty day simple moving average is $4.96. The company has a quick ratio of 1.05, a current ratio of 1.36 and a debt-to-equity ratio of 1.27.
In other news, major shareholder Oak Tree Holdings Llc sold 604,400 shares of Shiloh Industries stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $5.18, for a total transaction of $3,130,792.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 37.40% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Weber Alan W raised its holdings in Shiloh Industries by 36.4% during the 2nd quarter. Weber Alan W now owns 1,407,908 shares of the basic materials company’s stock worth $6,857,000 after buying an additional 375,388 shares during the period. New England Private Wealth Advisors LLC acquired a new stake in Shiloh Industries in the 2nd quarter worth approximately $58,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 buying an additional 9,451 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 buying an additional 18,012 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted 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 worth $713,000 after buying an additional 17,501 shares during the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.
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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