Brokerages Expect Shiloh Industries, Inc. (NASDAQ:SHLO) Will Announce Earnings of $0.02 Per Share

Brokerages expect Shiloh Industries, Inc. (NASDAQ:SHLO) to post $0.02 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Shiloh Industries’ earnings. Shiloh Industries posted earnings per share of $0.23 during the same quarter last year, which would suggest a negative year over year growth rate of 91.3%. The business is expected to announce its next quarterly earnings report on Friday, September 6th.

According to Zacks, analysts expect that Shiloh Industries will report full-year earnings of $0.30 per share for the current year. For the next year, analysts forecast that the business will post earnings of $0.50 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Shiloh Industries.

Shiloh Industries (NASDAQ:SHLO) last released its earnings results on Monday, June 10th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.23. Shiloh Industries had a negative net margin of 0.09% and a positive return on equity of 2.45%. The firm had revenue of $273.37 million during the quarter.

A number of research firms recently issued reports on SHLO. ValuEngine upgraded shares of Shiloh Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Shiloh Industries from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a report on Tuesday, July 23rd. Finally, TheStreet downgraded shares of Shiloh Industries from a “c-” rating to a “d” rating in a report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $9.92.

In other Shiloh Industries news, major shareholder Oak Tree Holdings Llc sold 604,400 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $5.18, for a total transaction of $3,130,792.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 37.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SHLO. Paloma Partners Management Co acquired a new position in Shiloh Industries in the second quarter worth approximately $324,000. Vanguard Group Inc. grew its holdings in Shiloh Industries by 1.7% during the second quarter. Vanguard Group Inc. now owns 730,104 shares of the basic materials company’s stock valued at $3,556,000 after purchasing an additional 12,228 shares during the last quarter. Weiss Asset Management LP acquired a new position in Shiloh Industries during the second quarter valued at approximately $75,000. Jacobs Levy Equity Management Inc. grew its holdings in Shiloh Industries by 30.6% during the second quarter. Jacobs Levy Equity Management Inc. now owns 54,440 shares of the basic materials company’s stock valued at $265,000 after purchasing an additional 12,765 shares during the last quarter. Finally, RBF Capital LLC acquired a new position in Shiloh Industries during the second quarter valued at approximately $2,248,000. Institutional investors own 44.30% of the company’s stock.

Shiloh Industries stock traded down $0.17 during trading on Friday, reaching $4.26. The company had a trading volume of 41,426 shares, compared to its average volume of 30,488. Shiloh Industries has a 12-month low of $3.98 and a 12-month high of $12.28. The stock’s 50 day moving average price is $4.84 and its two-hundred day moving average price is $5.34. The firm has a market capitalization of $105.26 million, a price-to-earnings ratio of 6.87, a PEG ratio of 1.94 and a beta of 1.63. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.05 and a current ratio of 1.36.

Shiloh Industries Company Profile

Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting solutions to automotive and commercial vehicle markets worldwide. The company produces components primarily for body structure, chassis, and propulsion systems. Its solution materials include aluminum, magnesium, steel, high strength steel alloys, and acoustic laminates; body structure components comprise shock towers, instrument panels/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, liftgates, door inners, roof supports/roof panels, dashpanels, and body sides; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers, ptu covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, steering pumps, brake components, wheel blanks, and flanges.

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