Shiloh Industries (NASDAQ:SHLO) Announces Quarterly Earnings Results

Shiloh Industries (NASDAQ:SHLO) announced its quarterly earnings data on Thursday. The basic materials company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02, Morningstar.com reports. Shiloh Industries had a positive return on equity of 0.16% and a negative net margin of 1.35%. The firm had revenue of $263.45 million during the quarter. Shiloh Industries updated its FY 2019 guidance to EPS.

Shares of Shiloh Industries stock opened at $4.25 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.36 and a debt-to-equity ratio of 1.27. The company has a market cap of $101.46 million, a PE ratio of 213.50, a P/E/G ratio of 1.87 and a beta of 1.70. The business has a 50 day moving average of $4.64 and a 200 day moving average of $5.23. Shiloh Industries has a 52 week low of $3.98 and a 52 week high of $12.28.

Several brokerages have weighed in on SHLO. ValuEngine upgraded Shiloh Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded Shiloh Industries from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research report on Tuesday, July 23rd. Finally, TheStreet downgraded Shiloh Industries from a “c-” rating to a “d” rating in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.92.

In related news, major shareholder Oak Tree Holdings Llc sold 604,400 shares of the company’s 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 at this link. 37.40% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. New England Private Wealth Advisors LLC bought a new position in shares of Shiloh Industries during the second quarter valued at approximately $58,000. Weiss Asset Management LP bought a new position in shares of Shiloh Industries during the second quarter valued at approximately $75,000. JPMorgan Chase & Co. raised 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 valued at $152,000 after acquiring an additional 18,012 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in Shiloh Industries in the second quarter worth $186,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Shiloh Industries by 32.4% in 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 during the period. Institutional investors own 44.30% of the company’s stock.

Shiloh Industries Company Profile

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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Earnings History for Shiloh Industries (NASDAQ:SHLO)

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