Unique Fabricating Inc (NASDAQ:UFAB) Expected to Post Quarterly Sales of $47.35 Million

Wall Street brokerages forecast that Unique Fabricating Inc (NASDAQ:UFAB) will report sales of $47.35 million for the current quarter, according to Zacks. Two analysts have provided estimates for Unique Fabricating’s earnings, with the highest sales estimate coming in at $47.80 million and the lowest estimate coming in at $46.90 million. Unique Fabricating posted sales of $42.05 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.6%. The company is expected to issue its next earnings results on Tuesday, August 15th.

According to Zacks, analysts expect that Unique Fabricating will report full-year sales of $47.35 million for the current fiscal year, with estimates ranging from $183.34 million to $185.20 million. For the next fiscal year, analysts anticipate that the company will report sales of $192.27 million per share, with estimates ranging from $190.20 million to $194.34 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Unique Fabricating.

Unique Fabricating (NASDAQ:UFAB) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.02. Unique Fabricating had a return on equity of 16.29% and a net margin of 4.28%. The company had revenue of $47.86 million for the quarter, compared to the consensus estimate of $46.89 million.

Several equities research analysts have weighed in on the company. B. Riley reissued a “buy” rating and set a $13.75 price objective on shares of Unique Fabricating in a research note on Wednesday, May 17th. Zacks Investment Research raised Unique Fabricating from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 19th.

Unique Fabricating (NASDAQ:UFAB) traded up 0.55% during trading on Wednesday, reaching $9.09. The company had a trading volume of 236 shares. Unique Fabricating has a one year low of $8.84 and a one year high of $15.93. The company has a market capitalization of $88.67 million and a PE ratio of 12.99. The firm’s 50 day moving average is $10.00 and its 200 day moving average is $11.81.

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Unique Fabricating Company Profile

Unique Fabricating, Inc is a United States-based company, which is engaged in the engineering and manufacturing of components for customers in the automotive and industrial appliance market. The Company offers various solutions, which consist of multi-material foam, rubber and plastic components. The Company’s fabricating capabilities include foam fabricating; foam die cutting; multi-layer die cutting; precision high-speed cutting; kiss cutting; fusion molding; vacuum forming; twin-sheet thermoforming; compression molding precision original equipment manufacturing (OEM) parts; non-metallic materials die cutting/fabrication; sound control parts, and soundproofing materials.

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