Unique Fabricating, Inc. to Post Q1 2023 Earnings of $0.14 Per Share, Taglich Brothers Forecasts (NYSEAMERICAN:UFAB)

Posted by on Jun 17th, 2022

Unique Fabricating, Inc. (NYSEAMERICAN:UFAB – Get Rating) – Investment analysts at Taglich Brothers lowered their Q1 2023 earnings estimates for shares of Unique Fabricating in a research report issued on Wednesday, June 15th. Taglich Brothers analyst J. Nobile now anticipates that the auto parts company will post earnings per share of $0.14 for the quarter, down from their previous estimate of $0.15. The consensus estimate for Unique Fabricating’s current full-year earnings is ($0.20) per share.

Unique Fabricating (NYSEAMERICAN:UFAB – Get Rating) last released its quarterly earnings results on Thursday, May 12th. The auto parts company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. Unique Fabricating had a negative net margin of 5.12% and a negative return on equity of 23.76%.

Shares of NYSEAMERICAN:UFAB opened at $1.53 on Friday. The company has a market capitalization of $17.95 million, a P/E ratio of -2.43 and a beta of 1.39. Unique Fabricating has a 1 year low of $0.96 and a 1 year high of $4.48.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Unique Fabricating by 2.0% during the first quarter. Pacific Ridge Capital Partners LLC now owns 761,149 shares of the auto parts company’s stock worth $1,446,000 after purchasing an additional 15,077 shares during the period. Jane Street Group LLC acquired a new position in shares of Unique Fabricating during the third quarter worth $40,000. First Eagle Investment Management LLC lifted its holdings in shares of Unique Fabricating by 50.0% during the fourth quarter. First Eagle Investment Management LLC now owns 14,991 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 5,000 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Unique Fabricating by 118.9% during the first quarter. Morgan Stanley now owns 6,130 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 3,330 shares during the period. 16.19% of the stock is currently owned by hedge funds and other institutional investors.

About Unique Fabricating (Get Rating)

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. The company offers die cut products comprising noise, vibration, and harshness (NVH) pads for lining internal panels; buzz, squeak, and rattle felts and flocks; foam blocks; and gaskets, seals, insulation, and attachment tapes.

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