Unique Fabricating Inc (NYSEAMERICAN:UFAB) – Equities research analysts at B. Riley dropped their Q2 2019 EPS estimates for shares of Unique Fabricating in a report issued on Thursday, May 16th, according to Zacks Investment Research. B. Riley analyst C. Horn now forecasts that the auto parts company will post earnings per share of $0.08 for the quarter, down from their prior forecast of $0.16. B. Riley currently has a “Buy” rating and a $7.00 target price on the stock. B. Riley also issued estimates for Unique Fabricating’s Q3 2019 earnings at $0.09 EPS, Q2 2020 earnings at $0.16 EPS, Q3 2020 earnings at $0.14 EPS, Q4 2020 earnings at $0.17 EPS and FY2020 earnings at $0.53 EPS.
Unique Fabricating (NYSEAMERICAN:UFAB) last issued its quarterly earnings results on Thursday, May 9th. The auto parts company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.13). The company had revenue of $39.47 million during the quarter, compared to analysts’ expectations of $44.14 million.
Separately, Zacks Investment Research lowered Unique Fabricating from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th.
NYSEAMERICAN UFAB traded up $0.08 on Monday, reaching $3.08. 200 shares of the company were exchanged, compared to its average volume of 13,048. Unique Fabricating has a fifty-two week low of $2.69 and a fifty-two week high of $8.90.
Hedge funds and other institutional investors have recently modified their holdings of the business. Pacific Ridge Capital Partners LLC increased its holdings in shares of Unique Fabricating by 20.3% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 614,054 shares of the auto parts company’s stock valued at $2,757,000 after acquiring an additional 103,427 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Unique Fabricating by 5.7% in the 1st quarter. Royce & Associates LP now owns 583,841 shares of the auto parts company’s stock valued at $2,621,000 after acquiring an additional 31,600 shares during the last quarter. First Wilshire Securities Management Inc. increased its holdings in shares of Unique Fabricating by 72.7% in the 4th quarter. First Wilshire Securities Management Inc. now owns 295,310 shares of the auto parts company’s stock valued at $1,246,000 after acquiring an additional 124,310 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of Unique Fabricating by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 209,102 shares of the auto parts company’s stock valued at $1,694,000 after acquiring an additional 3,100 shares during the last quarter.
Unique Fabricating Company Profile
Unique Fabricating, Inc engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration, harshness, acoustical management, water and air sealing, decorative, and other functional applications. It offers die cut products, such as trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation products, as well as heating, ventilation, and air conditioning (HVAC) seals; thermoformed and compression molded products, including HVAC air ducts, door water shields, evaporator liners, console bin mats and fender insulators, and others; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals.