Friedman Industries (FRD) Announces Quarterly Earnings Results
Friedman Industries (NYSE:FRD) released its quarterly earnings results on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter. The business earned $18.32 million during the quarter, compared to analyst estimates of $23.17 million.
Friedman Industries (NYSE:FRD) opened at 5.49 on Tuesday. The stock has a 50 day moving average price of $5.25 and a 200-day moving average price of $5.67. The company’s market cap is $37.33 million. Friedman Industries has a 1-year low of $4.35 and a 1-year high of $6.28.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Friday, October 14th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, October 12th.
About Friedman Industries
Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two product groups: coil and tubular products. It purchases prime hot-rolled steel coils, processes the coils into flat, finished sheet and plate, and sells these products on a wholesale, rapid-delivery basis in competition with steel mills, importers and steel service centers.
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