FGI Industries (NASDAQ:FGI) Posts Earnings Results, Beats Estimates By $0.56 EPS

FGI Industries (NASDAQ:FGI) issued its quarterly earnings results on Friday. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.56, Zacks reports. FGI Industries had a negative return on equity of 3.99% and a negative net margin of 2.07%.The firm had revenue of $35.85 million for the quarter, compared to analysts’ expectations of $37.70 million.

FGI Industries Trading Up 0.4%

FGI stock traded up $0.02 on Friday, reaching $5.04. 13,612 shares of the company’s stock were exchanged, compared to its average volume of 904,033. FGI Industries has a twelve month low of $2.28 and a twelve month high of $12.62. The stock has a fifty day moving average of $5.70 and a 200-day moving average of $4.25.

Wall Street Analyst Weigh In

FGI has been the topic of several analyst reports. Zacks Research upgraded FGI Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of FGI Industries in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

FGI Industries Company Profile

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.