Synalloy (SYNL) to Release Earnings on Tuesday

Synalloy (NASDAQ:SYNL) will be releasing its earnings data before the market opens on Tuesday, November 6th.

Synalloy (NASDAQ:SYNL) last posted its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $71.89 million for the quarter. Synalloy had a return on equity of 13.49% and a net margin of 3.08%.

SYNL stock opened at $19.86 on Friday. The company has a current ratio of 3.93, a quick ratio of 1.57 and a debt-to-equity ratio of 0.55. The company has a market cap of $174.81 million, a P/E ratio of 14.09 and a beta of 0.39. Synalloy has a 12-month low of $11.88 and a 12-month high of $24.80.

In other news, CEO Craig C. Bram purchased 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The shares were acquired at an average cost of $22.27 per share, with a total value of $40,086.00. Following the transaction, the chief executive officer now owns 226,441 shares in the company, valued at approximately $5,042,841.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 7.57% of the company’s stock.

A hedge fund recently raised its stake in Synalloy stock. Bank of New York Mellon Corp boosted its stake in Synalloy Co. (NASDAQ:SYNL) by 70.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,713 shares of the industrial products company’s stock after buying an additional 17,242 shares during the period. Bank of New York Mellon Corp owned 0.47% of Synalloy worth $832,000 as of its most recent SEC filing. 54.82% of the stock is currently owned by institutional investors.

Separately, TheStreet lowered Synalloy from a “b” rating to a “c+” rating in a research report on Wednesday, August 15th.

About Synalloy

Synalloy Corporation engages in production and sale of stainless steel pipes, fiberglass, steel storage tanks, and specialty chemicals in the United States and internationally. The company operates in two segments, Metals and Specialty Chemicals. The Metals segment manufactures and sells stainless steel and other alloy pipes under the BRISMET trade name through authorized stocking distributors; and liquid storage solutions and separation equipment, as well as distributes seamless carbon pipes and tubes.

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Earnings History for Synalloy (NASDAQ:SYNL)

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