Equities Analysts Offer Predictions for Unique Fabricating Inc’s Q2 2019 Earnings (UFAB)

Unique Fabricating Inc (NYSEAMERICAN:UFAB) – Investment analysts at B. Riley cut their Q2 2019 earnings per share estimates for Unique Fabricating in a research note issued on Thursday, May 16th. B. Riley analyst C. Horn now expects that the auto parts company will earn $0.08 per share for the quarter, down from their prior estimate of $0.16. B. Riley has a “Buy” rating and a $7.00 price objective 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 posted its quarterly earnings data on Thursday, May 9th. The auto parts company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.13). The company had revenue of $39.47 million for the quarter, compared to the consensus estimate of $44.14 million.

Separately, Zacks Investment Research upgraded shares of Unique Fabricating from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th.

UFAB stock opened at $3.06 on Monday. Unique Fabricating has a 1-year low of $3.06 and a 1-year high of $9.70.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc grew its position in Unique Fabricating by 1.5% during the third 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. Royce & Associates LP grew its position in Unique Fabricating by 5.7% during the first 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. Pacific Ridge Capital Partners LLC grew its position in Unique Fabricating by 20.3% during the first 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. Finally, First Wilshire Securities Management Inc. grew its position in Unique Fabricating by 72.7% during the fourth 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.

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.

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Earnings History and Estimates for Unique Fabricating (NYSEAMERICAN:UFAB)

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