Shiloh Industries, Inc. (SHLO) Releases Earnings Results, Misses Expectations By $0.02 EPS
Shiloh Industries, Inc. (NASDAQ:SHLO) released its quarterly earnings results on Tuesday. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by $0.02, Bloomberg Earnings reports. Shiloh Industries had a net margin of 0.68% and a return on equity of 11.38%. The firm had revenue of $256.85 million during the quarter, compared to the consensus estimate of $236.40 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis.
Shares of Shiloh Industries (NASDAQ SHLO) opened at 8.30 on Tuesday. The company has a market capitalization of $148.35 million, a PE ratio of 21.84 and a beta of 2.16. Shiloh Industries has a 12-month low of $6.50 and a 12-month high of $16.69. The stock has a 50 day moving average of $8.48 and a 200-day moving average of $11.91.
SHLO has been the topic of a number of recent analyst reports. TheStreet cut shares of Shiloh Industries from a “c” rating to a “d+” rating in a report on Wednesday, May 17th. ValuEngine cut shares of Shiloh Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BMO Capital Markets initiated coverage on shares of Shiloh Industries in a report on Wednesday, August 16th. They issued an “outperform” rating and a $11.00 price target on the stock.
In other Shiloh Industries news, major shareholder Mtd Holdings Inc sold 500,000 shares of Shiloh Industries stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $7.76, for a total transaction of $3,880,000.00. Following the sale, the insider now directly owns 7,300,866 shares in the company, valued at approximately $56,654,720.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 51.40% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of SHLO. Eagle Global Advisors LLC increased its stake in Shiloh Industries by 22.3% in the second quarter. Eagle Global Advisors LLC now owns 22,050 shares of the basic materials company’s stock valued at $259,000 after buying an additional 4,020 shares in the last quarter. Algert Global LLC increased its stake in Shiloh Industries by 36.0% in the second quarter. Algert Global LLC now owns 123,479 shares of the basic materials company’s stock valued at $1,450,000 after buying an additional 32,654 shares in the last quarter. Weber Alan W increased its stake in Shiloh Industries by 0.9% in the second quarter. Weber Alan W now owns 296,679 shares of the basic materials company’s stock valued at $3,483,000 after buying an additional 2,521 shares in the last quarter. Acadian Asset Management LLC increased its stake in Shiloh Industries by 50.5% in the second quarter. Acadian Asset Management LLC now owns 77,491 shares of the basic materials company’s stock valued at $910,000 after buying an additional 26,012 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Shiloh Industries by 158.9% in the second quarter. Northern Trust Corp now owns 129,637 shares of the basic materials company’s stock valued at $1,522,000 after buying an additional 79,566 shares in the last quarter. Institutional investors own 21.94% of the company’s stock.
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About Shiloh Industries
Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.
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