With 1.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.8 million shares. During the session, the Metal Fabrication company that operates in wider Industrials sector, reached to the highest price of $82.54 whereas the lowest price it dropped to was $79.495. The 52-week range on MLI shows that it touched its highest point at $84.11 and its lowest point at $35.01 during that stretch. It currently has a 1-year price target of $50.00. With its current market cap of 9.18 billion, MLI has annualized dividend of $0.75 while the current yield stands at 0.93%. MLI paid its most recent dividend on 1725580800, while the ex-dividend date for that was 1725580800. Beta for the stock currently stands at 1.04.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MLI was up-trending over the past week, with a rise of 9.16%, but this was up by 13.40% over a month. Three-month performance surged to 18.77% while six-month performance rose 39.75%. The stock gained 130.97% in the past year, while it has gained 71.79% so far this year. A look at the trailing 12-month EPS for MLI yields 5.14 with Next year EPS estimates of 5.30. For the next quarter, that number is 1.12. This implies an EPS growth rate of -1.89% for this year and 1.92% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 42.21%.
Float and Shares Shorts:
At present, 114.16 million MLI shares are outstanding with a float of 109.29 million shares on hand for trading. On 2024-09-30, short shares totaled 3.41 million, which was 301.0 higher than short shares on 1724976000. In addition to Mr. Gregory L. Christopher as the firm’s Chairman of the Board & CEO, Mr. Jeffrey A. Martin serves as its Executive VP, CFO & Treasurer.
Institutional Ownership:
Through their ownership of 0.94526 of MLI’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-28, MLI reported revenue of $997745000.0 and operating income of $210006000.0. The EBITDA in the recently reported quarter was $233132000.0 and diluted EPS was $1.41.
