Unique Fabricating Inc to Post FY2017 Earnings of $0.64 Per Share, B. Riley Forecasts (UFAB)

Unique Fabricating Inc (NYSEMKT:UFAB) – Research analysts at B. Riley lowered their FY2017 earnings per share (EPS) estimates for shares of Unique Fabricating in a note issued to investors on Friday. B. Riley analyst A. D’silva now expects that the auto parts company will earn $0.64 per share for the year, down from their previous forecast of $0.74. B. Riley has a “Buy” rating and a $12.00 price target on the stock. B. Riley also issued estimates for Unique Fabricating’s Q4 2017 earnings at $0.11 EPS, Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.18 EPS and FY2018 earnings at $0.81 EPS.

Unique Fabricating (NYSEMKT:UFAB) last issued its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.05). Unique Fabricating had a return on equity of 13.16% and a net margin of 3.75%. The company had revenue of $41.23 million for the quarter, compared to analyst estimates of $42.68 million. WARNING: This report was reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.themarketsdaily.com/2017/11/14/unique-fabricating-inc-to-post-fy2017-earnings-of-0-64-per-share-b-riley-forecasts-ufab.html.

Other equities research analysts also recently issued research reports about the company. TheStreet downgraded Unique Fabricating from a “c-” rating to a “d+” rating in a report on Wednesday, August 16th. Roth Capital set a $11.00 price target on Unique Fabricating and gave the company a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut Unique Fabricating from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. ValuEngine upgraded Unique Fabricating from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Taglich Brothers restated a “speculative buy” rating on shares of Unique Fabricating in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $11.50.

Shares of Unique Fabricating (NYSEMKT:UFAB) opened at $7.60 on Monday. Unique Fabricating has a fifty-two week low of $7.05 and a fifty-two week high of $15.93.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.89%. The ex-dividend date of this dividend is Wednesday, November 29th.

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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