The Valspar Corporation (NYSE:VAL) announced on Tuesday that its results for the Q2 ended April 27, 2012.
For the Q2 sales totaled $1.03 billion, a 4% surges from the previous year similar quarter of 2011. Second-quarter adjusted net income a share surged to $0.84 in 2012, a 31% climbed from $0.64 in 2011. Second-quarter adjusted net income a share in 2012 excludes $0.04 a share in restructuring charges. As the 2Q adjusted net income a share in 2011 excludes $0.05 a share in acquisition related charges and $0.01 a share in restructuring charges.
Net income for the Q2 of 2012 was $76.5 million and posted earnings a share were $0.80. Net income for the year ago similar quarter of 2011 was $56.3 million and posted earnings a share were $0.58.
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The Valspar Corporation (NYSE:VAL) stock’s trade at beginning with a price of $49.38 and throughout the trading session climbed at a high of $49.62 other than when day-trade ended the stock finally declined -6.67% to $46.46.
Shares price of VAL moved down from its 20 days moving average with -8.69% and remote negatively from 50 days moving average with -6.17%. VAL current year earnings per share experienced an addition with -166.76% while its current quarter performance remained 1.82%.
VAL had a trade volume of 2.65 million shares was higher as compared to average trading capacity of 801,807.00 shares.
VAL last month stock price volatility remained 2.06%. In its share capital VAL has 93.11 million outstanding shares among them 86.25 million shares have been floated in market exchange. VAL stock institutional ownership remained 72.45% while insider ownership included 1.06%.
The stock is ahead its 52 week low with 71.86% and lagging behind from its 52 week high price with -12.27%. Company’s beta coefficient included 0.90. Beta factors measures the amount of market risk associated with market trade.
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