Taglich Brothers Weighs in on Unique Fabricating Inc’s FY2019 Earnings (UFAB)
Unique Fabricating Inc (NYSEAMERICAN:UFAB) – Equities research analysts at Taglich Brothers upped their FY2019 earnings per share (EPS) estimates for Unique Fabricating in a note issued to investors on Wednesday, September 12th. Taglich Brothers analyst J. Nobile now anticipates that the auto parts company will post earnings per share of $1.23 for the year, up from their previous forecast of $1.21.
UFAB has been the topic of several other reports. Roth Capital reaffirmed a “buy” rating on shares of Unique Fabricating in a research report on Wednesday, May 16th. Zacks Investment Research downgraded Unique Fabricating from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Unique Fabricating has an average rating of “Buy” and an average target price of $10.63.
Unique Fabricating (NYSEAMERICAN:UFAB) last released its earnings results on Thursday, August 9th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. Unique Fabricating had a return on equity of 5.67% and a net margin of 1.73%. The firm had revenue of $45.74 million for the quarter, compared to the consensus estimate of $47.27 million.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in shares of Unique Fabricating by 274.6% during the 2nd quarter. Renaissance Technologies LLC now owns 79,800 shares of the auto parts company’s stock worth $697,000 after acquiring an additional 58,500 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Unique Fabricating by 65.1% during the 2nd quarter. BlackRock Inc. now owns 21,520 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 8,489 shares in the last quarter. Bailard Inc. purchased a new stake in shares of Unique Fabricating during the 2nd quarter worth about $313,000. North Star Investment Management Corp. purchased a new stake in shares of Unique Fabricating during the 2nd quarter worth about $786,000. Finally, Ancora Advisors LLC boosted its stake in shares of Unique Fabricating by 20.0% during the 1st quarter. Ancora Advisors LLC now owns 90,172 shares of the auto parts company’s stock worth $761,000 after acquiring an additional 15,020 shares in the last quarter.
The business also recently declared a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Friday, August 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 7.85%. The ex-dividend date of this dividend was Thursday, August 30th.
About Unique Fabricating
Unique Fabricating, Inc engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration, harshness, acoustical management, water and air sealing, decorative, and other functional applications. It offers die cut products, such as trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation products, as well as heating, ventilation, and air conditioning (HVAC) seals; thermoformed and compression molded products, including HVAC air ducts, door water shields, evaporator liners, console bin mats and fender insulators, and others; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals.
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