With 0.93 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.19 million shares. During the session, the Metal Fabrication company that operates in wider Industrials sector, reached to the highest price of $82.31 whereas the lowest price it dropped to was $80.52. The 52-week range on MLI shows that it touched its highest point at $96.81 and its lowest point at $40.52 during that stretch. It currently has a 1-year price target of $50.00. With its current market cap of 9.14 billion, MLI has annualized dividend of $0.75 while the current yield stands at 0.93%. Beta for the stock currently stands at 1.00.
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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 down-trending over the past week, with a drop of -11.18%, but this was down by -2.61% over a month. Three-month performance surged to 13.27% while six-month performance rose 38.76%. The stock gained 99.09% in the past year, while it has gained 71.43% so far this year. A look at the trailing 12-month EPS for MLI yields 5.15 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 109.71 million shares on hand for trading. On 2024-11-15, short shares totaled 3.66 million, which was 320.99999999999994 higher than short shares on 1728950400. 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 0.94865 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 $997831000.0 and operating income of $204033000.0. The EBITDA in the recently reported quarter was $226847000.0 and diluted EPS was $1.48.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential.
Analysts have provided yearly estimates in a range of $5.2 being high and $5.2 being low. For MLI, this leads to a yearly average estimate of $5.2. The surprise factor in the prior quarter was $1.29. Based on analyst estimates, the high estimate for the next quarter is $1.31 and the low estimate is $1.31. The average estimate for the next quarter is thus $1.31.
