Synalloy Corporation (SYNL) Scheduled to Post Quarterly Earnings on Tuesday

Synalloy Corporation (NASDAQ:SYNL) will issue its quarterly earnings data before the market opens on Tuesday, August 8th.

Synalloy Corporation (NASDAQ:SYNL) last issued its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $42.20 million for the quarter. Synalloy Corporation had a negative net margin of 3.45% and a negative return on equity of 1.56%. During the same quarter last year, the firm posted $0.02 EPS. On average, analysts expect Synalloy Corporation to post $0.05 EPS for the current fiscal year and $0.36 EPS for the next fiscal year.

Synalloy Corporation (NASDAQ SYNL) opened at 10.65 on Monday. The stock has a 50 day moving average of $11.12 and a 200-day moving average of $11.65. The firm’s market cap is $92.42 million. Synalloy Corporation has a 12 month low of $6.56 and a 12 month high of $13.75.

WARNING: This piece of content was originally published by [[site]] and is the property of of [[site]]. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at [[permalink]].

Separately, TheStreet raised Synalloy Corporation from a “d+” rating to a “c” rating in a research note on Thursday, April 13th.

In related news, insider Fund Lp Privet acquired 19,280 shares of the company’s stock in a transaction dated Tuesday, June 20th. The stock was purchased at an average price of $11.12 per share, with a total value of $214,393.60. Following the completion of the purchase, the insider now owns 49,086 shares in the company, valued at approximately $545,836.32. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 10.60% of the company’s stock.

Synalloy Corporation Company Profile

Synalloy Corporation is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Company’s Metals Segment comprises three subsidiaries: Synalloy Metals, Inc, which owns Bristol Metals, LLC (BRISMET), located in Bristol, Tennessee; Palmer of Texas Tanks, Inc (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc (Specialty), located in Mineral Ridge, Ohio and Houston, Texas.