Shiloh Industries (NASDAQ:SHLO) Issues Earnings Results, Beats Estimates By $0.23 EPS

Shiloh Industries (NASDAQ:SHLO) announced its quarterly earnings results on Monday. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.23, Fidelity Earnings reports. The firm had revenue of $273.37 million during the quarter. Shiloh Industries had a return on equity of 2.45% and a net margin of 0.17%. Shiloh Industries updated its FY 2019 guidance to EPS.

SHLO traded up $0.44 on Tuesday, reaching $5.89. The company’s stock had a trading volume of 49,378 shares, compared to its average volume of 58,858. The company has a market capitalization of $105.98 million, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.54. Shiloh Industries has a fifty-two week low of $3.98 and a fifty-two week high of $12.28. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 1.21.

SHLO has been the subject of a number of research analyst reports. ValuEngine downgraded Shiloh Industries from a “sell” rating to a “strong sell” rating in a report on Thursday, April 11th. Zacks Investment Research downgraded Shiloh Industries from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $10.17.

A hedge fund recently raised its stake in Shiloh Industries stock. Geode Capital Management LLC grew its position in Shiloh Industries, Inc. (NASDAQ:SHLO) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,690 shares of the basic materials company’s stock after acquiring an additional 6,735 shares during the quarter. Geode Capital Management LLC owned about 0.65% of Shiloh Industries worth $901,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 44.96% of the company’s stock.

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About Shiloh Industries

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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Earnings History for Shiloh Industries (NASDAQ:SHLO)

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