Shiloh Industries, Inc. (SHLO) Posts Earnings Results, Misses Expectations By $0.02 EPS
Shiloh Industries, Inc. (NASDAQ:SHLO) posted its quarterly earnings data on Tuesday. The basic materials company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.02, Bloomberg Earnings reports. The company had revenue of $256.85 million for the quarter, compared to analyst estimates of $236.40 million. Shiloh Industries had a net margin of 0.68% and a return on equity of 11.38%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 EPS.
Shares of Shiloh Industries (NASDAQ SHLO) opened at 8.30 on Tuesday. The firm has a 50-day moving average price of $8.48 and a 200-day moving average price of $11.91. Shiloh Industries has a 52 week low of $6.50 and a 52 week high of $16.69. The firm has a market capitalization of $148.35 million, a price-to-earnings ratio of 21.84 and a beta of 2.16.
In other Shiloh Industries news, major shareholder Mtd Holdings Inc sold 500,000 shares of Shiloh Industries stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $7.76, for a total value of $3,880,000.00. Following the sale, the insider now owns 7,300,866 shares of the company’s stock, valued at approximately $56,654,720.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 51.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in Shiloh Industries during the second quarter valued at about $105,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Shiloh Industries during the second quarter valued at about $141,000. Virtu KCG Holdings LLC purchased a new stake in Shiloh Industries during the second quarter valued at about $157,000. California State Teachers Retirement System purchased a new stake in Shiloh Industries during the second quarter valued at about $181,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Shiloh Industries during the second quarter valued at about $182,000. 21.94% of the stock is currently owned by hedge funds and other institutional investors.
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A number of analysts recently commented on SHLO shares. TheStreet lowered Shiloh Industries from a “c” rating to a “d+” rating in a research note on Wednesday, May 17th. ValuEngine lowered Shiloh Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, BMO Capital Markets initiated coverage on Shiloh Industries in a research note on Wednesday, August 16th. They issued an “outperform” rating and a $11.00 price target on the stock.
About Shiloh Industries
Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.
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