Shiloh Industries, Inc. (NASDAQ:SHLO) Expected to Post Earnings of $0.01 Per Share

Wall Street analysts expect Shiloh Industries, Inc. (NASDAQ:SHLO) to post $0.01 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Shiloh Industries’ earnings. Shiloh Industries reported earnings per share of ($0.23) during the same quarter last year, which suggests a positive year over year growth rate of 104.3%. The firm is scheduled to report its next earnings report on Thursday, December 19th.

According to Zacks, analysts expect that Shiloh Industries will report full-year earnings of $0.25 per share for the current fiscal year. For the next financial year, analysts anticipate that the business will post earnings of $0.50 per share. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Shiloh Industries.

Shiloh Industries (NASDAQ:SHLO) last posted its quarterly earnings results on Thursday, September 5th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. Shiloh Industries had a positive return on equity of 0.16% and a negative net margin of 1.35%. The firm had revenue of $263.45 million during the quarter.

SHLO has been the subject of a number of research reports. TheStreet downgraded Shiloh Industries from a “c-” rating to a “d” rating in a research report on Wednesday, August 14th. ValuEngine raised Shiloh Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised Shiloh Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Bank of America raised Shiloh Industries from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th.

Hedge funds and other institutional investors have recently modified their holdings of the company. New England Private Wealth Advisors LLC purchased a new stake in shares of Shiloh Industries in the second quarter worth about $58,000. Weiss Asset Management LP purchased a new stake in shares of Shiloh Industries in the second quarter worth about $75,000. Squarepoint Ops LLC purchased a new stake in shares of Shiloh Industries in the third quarter worth about $98,000. First Trust Advisors LP boosted its position in shares of Shiloh Industries by 25.6% in the third quarter. First Trust Advisors LP now owns 33,959 shares of the basic materials company’s stock worth $141,000 after buying an additional 6,913 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Shiloh Industries by 120.4% in the second quarter. JPMorgan Chase & Co. now owns 32,970 shares of the basic materials company’s stock worth $152,000 after buying an additional 18,012 shares during the period. 41.87% of the stock is owned by institutional investors.

SHLO stock traded up $0.13 during trading on Monday, reaching $3.94. 27,336 shares of the stock traded hands, compared to its average volume of 48,483. The business’s 50 day moving average price is $3.84 and its 200-day moving average price is $4.41. Shiloh Industries has a 52-week low of $3.57 and a 52-week high of $8.23. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.34 and a quick ratio of 1.03. The firm has a market capitalization of $93.74 million, a PE ratio of 6.35, a P/E/G ratio of 1.00 and a beta of 1.72.

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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