Northland Capmk Comments on FGI Industries FY2024 Earnings

FGI Industries Ltd. (NASDAQ:FGI) – Equities research analysts at Northland Capmk decreased their FY2024 earnings per share (EPS) estimates for FGI Industries in a research report issued to clients and investors on Wednesday, November 13th. Northland Capmk analyst G. Gibas now forecasts that the company will earn ($0.08) per share for the year, down from their prior forecast of ($0.01). The consensus estimate for FGI Industries’ current full-year earnings is ($0.08) per share. Northland Capmk also issued estimates for FGI Industries’ Q4 2024 earnings at $0.00 EPS.

FGI Industries (NASDAQ:FGI) last issued its earnings results on Monday, November 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. FGI Industries had a positive return on equity of 0.35% and a negative net margin of 0.27%. The company had revenue of $36.10 million during the quarter, compared to analysts’ expectations of $30.80 million. During the same period in the prior year, the business earned $0.05 EPS.

FGI Industries Trading Down 2.9 %

FGI Industries stock opened at $0.83 on Monday. The company has a 50-day moving average price of $0.85 and a 200 day moving average price of $0.93. FGI Industries has a 12-month low of $0.70 and a 12-month high of $1.85. The stock has a market cap of $7.89 million, a P/E ratio of -27.50 and a beta of 1.32.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FGI Industries stock. Perritt Capital Management Inc. grew its holdings in FGI Industries Ltd. (NASDAQ:FGI) by 21.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,000 shares of the company’s stock after purchasing an additional 12,385 shares during the period. Perritt Capital Management Inc. owned approximately 0.73% of FGI Industries worth $104,000 as of its most recent filing with the Securities & Exchange Commission.

FGI Industries Company Profile

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.