Edgen Group (NYSE:EDG) Declares Loss in Fiscal Fourth Quarter – EDG, MWA, DOV, CIR

Edgen Group Inc (NYSE:EDG) announced on Thursday that fiscal Q4 net loss attributable to the corporation was $19.2 million or $1.07 a share.

Net income on adjusted basis attributable to the firm for most recent period was $4.0 million or $0.22 a share.

Thomson Reuters 6 analysts’ survey on average forecasted to earn $0.28 a share for three months period. Analysts’ forecasts usually exclude onetime items.

Quarterly net sales moved up to $522.08 million from $475.93 million in the similar period previous year, while 2 analysts had median revenue forecast of $519.60 million for three months period.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Mueller Water Products, Inc. (NYSE:MWA) fell -0.17% to settle at $5.88, Dover Corp (NYSE:DOV) moved up +1.11% to end at $74.52 while CIRCOR International, Inc. (NYSE:CIR) jumped +1.04% to finish at $43.83 on Thursday.

Edgen Group Inc (NYSE:EDG) last session’s volume of 116,691 shares was higher than its average volume of 75,839 shares. The stock after opening at $7.50 hit high price of $8.00 and then closed at $7.90 by scoring +5.33%.

EDG generated revenue of $2.01 billion in the previous twelve months and earned -$2.19 million. The Company showed a positive 0.02% in the net profit margin as well as in its operating margin which remained at 4.30%.

The EDG’s past twelve months’ price to sales ratio was 0.17 and price to cash ratio remained 17.48. As far as the returns are concerned, EDG’s return on equity was recorded as -9.58% and return on investment increased 0.06% while its return on asset stayed at 0.04%.

The stock showed weekly downbeat performance of -0.50% which was maintained for the month at -3.89%. Likewise the positive performance for the quarter was recorded as 14.99% and for the YTD performance remained at 11.90%.

DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! QuoteDaddy.com delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with QuoteDaddy.com! CLICK HERE TO START YOUR FREE 30-DAY TRIAL

This entry was posted in Basic Materials, Latest Headlines and tagged , , , , , , , , , , , . Bookmark the permalink.