Hamilton Beach Brands (NYSE:HBB) released its quarterly earnings results on Tuesday. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.16, MarketWatch Earnings reports. Hamilton Beach Brands had a return on equity of 49.75% and a net margin of 2.22%. The business had revenue of $196.90 million during the quarter.
Shares of Hamilton Beach Brands stock traded up $2.47 during trading on Wednesday, reaching $22.75. The company’s stock had a trading volume of 1,199 shares, compared to its average volume of 30,397. The company has a quick ratio of 0.45, a current ratio of 1.19 and a debt-to-equity ratio of 0.65. Hamilton Beach Brands has a one year low of $18.03 and a one year high of $39.70. The stock has a market capitalization of $268.99 million and a price-to-earnings ratio of 13.94.
Separately, Zacks Investment Research cut Hamilton Beach Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 4th.
About Hamilton Beach Brands
Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the under the Hamilton Beach, Proctor Silex brand names.
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