Shiloh Industries (SHLO) Issues Earnings Results, Misses Expectations By $0.06 EPS
Shiloh Industries (NASDAQ:SHLO) released its quarterly earnings data on Friday. The basic materials company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.06), Morningstar.com reports. Shiloh Industries had a return on equity of 10.67% and a net margin of 0.52%. The business had revenue of $264.20 million during the quarter, compared to analysts’ expectations of $265.32 million.
Shiloh Industries (NASDAQ SHLO) traded down $1.60 during trading hours on Friday, reaching $7.41. 749,124 shares of the company were exchanged, compared to its average volume of 114,471. Shiloh Industries has a 52 week low of $6.88 and a 52 week high of $16.69. The stock has a market capitalization of $171.35, a price-to-earnings ratio of -370.50 and a beta of 2.10. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.95.
In related news, Director Jean Brunol sold 10,189 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $10.37, for a total value of $105,659.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 51.70% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted its stake in Shiloh Industries by 53.3% in the third quarter. GSA Capital Partners LLP now owns 36,508 shares of the basic materials company’s stock worth $380,000 after acquiring an additional 12,700 shares during the period. Algert Global LLC lifted its stake in Shiloh Industries by 54.4% in the third quarter. Algert Global LLC now owns 190,712 shares of the basic materials company’s stock worth $1,983,000 after acquiring an additional 67,233 shares during the period. Highbridge Capital Management LLC purchased a new stake in Shiloh Industries in the third quarter worth about $482,000. Cornerstone Capital Management Holdings LLC. lifted its stake in Shiloh Industries by 137.2% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 28,700 shares of the basic materials company’s stock worth $298,000 after acquiring an additional 16,600 shares during the period. Finally, California State Teachers Retirement System lifted its stake in Shiloh Industries by 50.6% in the third quarter. California State Teachers Retirement System now owns 23,200 shares of the basic materials company’s stock worth $241,000 after acquiring an additional 7,800 shares during the period. 42.23% of the stock is owned by institutional investors.
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Shiloh Industries Company Profile
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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