Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two product groups: coil and tubular products. It purchases prime hot-rolled steel coils, processes the coils into flat, finished sheet and plate, and sells these products on a wholesale, rapid-delivery basis in competition with steel mills, importers and steel service centers. It owns and operates approximately two coil processing facilities located in Hickman, Arkansas (Hickman) and Decatur, Alabama (Decatur). Through its Texas Tubular Products Division (TTP) in Lone Star, Texas, the Company manufactures, purchases, processes and markets tubular products (pipe). TTP operates over two pipe mills. It sells coil products and processing services to approximately 125 customers located primarily in the midwestern, southwestern and southeastern regions of the United States.
Industry, Sector and Symbol:
- Sector: Industrials
- Industry: Industrial Machinery & Equipment - NEC
- Sub-Industry: N/A
- Symbol: NYSE:FRD
- CUSIP: N/A
- Web: www.friedmanindustries.com/
- Market Cap: $38.48 million
- Outstanding Shares: 7,009,000
- 52 Week Range: $5.00 - $7.29
Sales & Book Value:
- Trailing P/E Ratio:
- Foreward P/E Ratio: 3.12
- P/E Growth:
- Annual Revenue: $77.76 million
- Price / Sales: 0.49
- Book Value: $8.61 per share
- Price / Book: 0.64
- EBIDTA: ($2,620,000.00)
- Net Margins: -1.79%
- Return on Equity: -2.50%
- Return on Assets: -2.38%
- Average Volume: 24,269 shs.
- Short Ratio: 0.73
Frequently Asked Questions for Friedman Industries (NYSE:FRD)
What is Friedman Industries' stock symbol?
Friedman Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "FRD."
How often does Friedman Industries pay dividends? What is the dividend yield for Friedman Industries?
Friedman Industries declared a quarterly dividend on Monday, June 5th. Shareholders of record on Friday, July 14th will be given a dividend of $0.01 per share on Friday, August 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Wednesday, July 12th. View Friedman Industries' Dividend History.
How were Friedman Industries' earnings last quarter?
Friedman Industries (NYSE:FRD) issued its quarterly earnings results on Monday, August, 14th. The company reported $0.02 earnings per share for the quarter. The firm earned $23.08 million during the quarter. Friedman Industries had a negative return on equity of 2.50% and a negative net margin of 1.79%. View Friedman Industries' Earnings History.
Who are some of Friedman Industries' key competitors?
Some companies that are related to Friedman Industries include ASV Holdings (ASV), CPI Aerostructures (CVU), Kromek Group PLC (KMK), Flowtech Fluidpower PLC (FLO), Harvey Nash Group plc (HVN), Wyg Plc (WYG), Begbies Traynor Group plc (BEG), Blancco Technology Group PLC (BLTG), Alumasc Group plc (ALU), Volex PLC (VLX), Avingtrans plc (AVG), Dewhurst plc (DWHT), Augean plc (AUG), Lakehouse PLC (LAKE), Utilitywise PLC (UTW), Stadium Group plc (SDM), GEE Group (JOB) and Redt Energy PLC (RED).
Who are Friedman Industries' key executives?
Friedman Industries' management team includes the folowing people:
- Robert Sparkman, President, Chief Executive Officer
- Thomas Thompson, Senior Vice President - Sales and Marketing
- Alex LaRue, Assistant Vice President, Treasurer, Secretary
- William E. Crow, Director
- Max Alan Reichenthal, Director
- Durga D. Agrawal Ph.D., Independent Director
- Charles W. Hall, Independent Director
- Joel Spira, Independent Director
Who owns Friedman Industries stock?
Friedman Industries' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (8.20%), Vanguard Group Inc. (2.37%), Shufro Rose & Co. LLC (2.18%), Franklin Resources Inc. (1.85%), Brandywine Global Investment Management LLC (1.77%) and LSV Asset Management (1.10%). View Institutional Ownership Trends for Friedman Industries.
Who sold Friedman Industries stock? Who is selling Friedman Industries stock?
Who bought Friedman Industries stock? Who is buying Friedman Industries stock?
Friedman Industries' stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Franklin Resources Inc., Leisure Capital Management and Dimensional Fund Advisors LP. View Insider Buying and Selling for Friedman Industries.
How do I buy Friedman Industries stock?
Shares of Friedman Industries can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Friedman Industries' stock price today?
MarketBeat Community Rating for Friedman Industries (NYSE FRD)MarketBeat's community ratings are surveys of what our community members think about Friedman Industries and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Friedman Industries stock can currently be purchased for approximately $5.49.
Consensus Ratings for Friedman Industries (NYSE:FRD) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|
Analysts' Ratings History for Friedman Industries (NYSE:FRD)
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Friedman Industries (NYSE:FRD)Earnings History by Quarter for Friedman Industries (NYSE FRD)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/14/2017||Q1 2018||$0.02||$23.08 million||View||N/A|
|6/29/2017||Q4 2017||($0.06)||$21.06 million||View||N/A|
|2/14/2017||Q3 2017||($0.03)||$15.99 million||View||N/A|
|11/14/2016||Q2||($0.09)||$23.17 million||$18.32 million||View||N/A|
|2/16/2016||Q3||$0.07||$23.60 million||$18.50 million||View||N/A|
|8/13/2015||Q315||$0.08||$27.90 million||$24.00 million||View||N/A|
|11/12/2014||Q215||$0.11||$26.30 million||$31.50 million||View||N/A|
|8/13/2014||Q115||($0.02)||$29.58 million||$27.90 million||View||N/A|
|6/11/2014||Q414||$0.06||$32.00 million||$32.00 million||View||N/A|
|2/13/2014||Q314||$0.07||$31.72 million||$28.27 million||View||N/A|
|8/13/2013||Q213||$0.12||$39.43 million||$29.58 million||View||N/A|
|2/12/2013||Q3 2013||$0.17||$36.99 million||$31.72 million||View||N/A|
|11/14/2012||Q312||$0.24||$42.04 million||$33.33 million||View||N/A|
Earnings Estimates for Friedman Industries (NYSE:FRD)
Current Year EPS Consensus Estimate: $1.52 EPS
Next Year EPS Consensus Estimate: $1.76 EPS
Current Dividend Information for Friedman Industries (NYSE:FRD)
|Most Recent Dividend:||8/11/2017|
|Dividend Growth:||-56.70% (3 Year Average)|
|Payout Ratio:||2.63% (Based on This Year's Estimates)|
2.27% (Based on Next Year's Estimates)
Dividend History by Quarter for Friedman Industries (NYSE FRD)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Headline Trends for Friedman Industries (NYSE:FRD)
Latest Headlines for Friedman Industries (NYSE:FRD)
|Friedman Industries (FRD) Issues Quarterly Earnings Results|
www.americanbankingnews.com - August 15 at 11:36 AM
|Friedman Industries (NYSE:FRD) Scheduled to Post Earnings on Monday|
www.americanbankingnews.com - August 11 at 8:32 PM
|Friedman Industries (FRD) Plans $0.01 Quarterly Dividend|
www.americanbankingnews.com - June 5 at 6:18 PM
|Short Interest in Friedman Industries (FRD) Decreases By 47.2%|
www.americanbankingnews.com - May 25 at 7:02 AM
|Friedman Industries (FRD) Receiving Somewhat Favorable News Coverage, Study Finds|
www.americanbankingnews.com - April 28 at 1:00 AM
|Friedman Industries (FRD) Receiving Somewhat Positive News Coverage, Analysis Shows|
www.americanbankingnews.com - April 18 at 7:13 PM
|Friedman Industries (FRD) Plans Quarterly Dividend of $0.01|
www.americanbankingnews.com - March 31 at 6:25 PM
|Friedman Industries, Incorporated Announces Third Quarter Results|
finance.yahoo.com - February 16 at 4:45 PM
|FRIEDMAN INDUSTRIES INC Financials|
finance.yahoo.com - December 8 at 1:18 PM
|Friedman Industries, Incorporated Announces Cash Dividend|
finance.yahoo.com - December 1 at 3:42 PM
|Friedman Industries, Incorporated Announces Second Quarter Results|
finance.yahoo.com - November 13 at 2:16 PM
|FRIEDMAN INDUSTRIES INC Files SEC form 10-Q, Quarterly Report|
biz.yahoo.com - November 13 at 1:50 PM
|FRIEDMAN INDUSTRIES INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders|
biz.yahoo.com - September 2 at 10:36 AM
|Friedman Industries, Incorporated Announces First Quarter Results|
finance.yahoo.com - August 13 at 4:50 PM
|Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2015 Results of Operations|
finance.yahoo.com - June 11 at 5:17 PM
|FRIEDMAN INDUSTRIES INC Files SEC form 10-K, Annual Report|
biz.yahoo.com - June 11 at 4:10 PM
|FRIEDMAN INDUSTRIES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financia|
biz.yahoo.com - May 14 at 3:50 PM
|Friedman Industries, Inc. Promotes Robert Sparkman to Senior Vice President of Operations|
finance.yahoo.com - April 8 at 2:20 PM
Friedman Industries (FRD) Chart for Wednesday, August, 16, 2017