Shiloh Industries (NASDAQ:SHLO) released its quarterly earnings data on Thursday. The basic materials company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.14, Bloomberg Earnings reports. The company had revenue of $247.67 million for the quarter, compared to the consensus estimate of $233.10 million. Shiloh Industries had a return on equity of 8.29% and a net margin of 0.59%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) earnings per share.
Shares of Shiloh Industries (NASDAQ:SHLO) opened at $8.23 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.08 and a current ratio of 1.36. The firm has a market capitalization of $195.70, a P/E ratio of -411.50 and a beta of 1.87. Shiloh Industries has a 1-year low of $6.45 and a 1-year high of $15.00.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHLO. Schwab Charles Investment Management Inc. acquired a new stake in Shiloh Industries during the second quarter valued at approximately $182,000. Teachers Advisors LLC acquired a new stake in Shiloh Industries during the second quarter valued at approximately $197,000. TIAA CREF Investment Management LLC acquired a new stake in Shiloh Industries during the second quarter valued at approximately $415,000. New York State Common Retirement Fund acquired a new stake in Shiloh Industries during the second quarter valued at approximately $187,000. Finally, Northern Trust Corp boosted its holdings in Shiloh Industries by 158.9% during the second quarter. Northern Trust Corp now owns 129,637 shares of the basic materials company’s stock valued at $1,522,000 after purchasing an additional 79,566 shares in the last quarter. 42.94% of the stock is currently owned by institutional investors.
About Shiloh Industries
Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.
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