Brokerages Anticipate Sypris Solutions, Inc. (SYPR) to Post ($0.02) Earnings Per Share

Shares of Sypris Solutions, Inc. (NASDAQ:SYPR) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Analysts have set a 12-month consensus price target of $1.25 for the company and are predicting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sypris Solutions an industry rank of 107 out of 256 based on the ratings given to related companies.

Separately, B. Riley assumed coverage on shares of Sypris Solutions in a research report on Thursday, December 20th. They set a “neutral” rating for the company.

NASDAQ:SYPR opened at $0.98 on Tuesday. Sypris Solutions has a 12 month low of $0.70 and a 12 month high of $1.90. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.56 and a quick ratio of 0.94. The firm has a market cap of $20.76 million, a PE ratio of -1.81 and a beta of 0.63.

Sypris Solutions (NASDAQ:SYPR) last posted its quarterly earnings data on Tuesday, November 13th. The auto parts company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.13). The company had revenue of $21.10 million for the quarter. Sypris Solutions had a negative return on equity of 38.12% and a negative net margin of 5.32%. On average, equities analysts predict that Sypris Solutions will post -0.18 EPS for the current year.

An institutional investor recently raised its position in Sypris Solutions stock. BlackRock Inc. boosted its holdings in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) by 90.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,157 shares of the auto parts company’s stock after purchasing an additional 35,196 shares during the period. BlackRock Inc. owned about 0.35% of Sypris Solutions worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 10.94% of the stock is owned by institutional investors.

Sypris Solutions Company Profile

Sypris Solutions, Inc provides truck components, oil and gas pipeline components, and aerospace and defense electronics in the United States and Mexico. It operates through two segments, Sypris Technologies and Sypris Electronics. The Sypris Technologies segment supplies forged and machined components for the commercial vehicle, off highway vehicle, light truck, automotive, and energy markets.

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