The Technical Analyst
Friedman Industries Inc [FRD]
Exchange: AMEX Sector: Basic Materials Industry: Steel
Friedman Industries Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals
0.47% $19.18
America/New_York / 13 mai 2024 @ 13:11
| FUNDAMENTALS | |
|---|---|
| MarketCap: | 133.81 mill |
| EPS: | 2.54 |
| P/E: | 7.55 |
| Earnings Date: | Jun 27, 2024 |
| SharesOutstanding: | 6.98 mill |
| Avg Daily Volume: | 0.0180 mill |
| RATING 2024-05-13 |
|---|
| A |
| Buy |
| RATINGS | ||
|---|---|---|
| Rating CashFlow: | Strong Buy | |
| Return On Equity: | Buy | |
| Return On Asset: | Buy | |
| DE: | Buy | |
| P/E: | Buy | |
| Price To Book: | Sell |
| QUARTER GROWTHS | ||||||
|---|---|---|---|---|---|---|
| 3/22 | 4/22 | 1/23 | 2/23 | 3/23 | 4/23 | |
| Revenue | ||||||
| Gr.Profit | ||||||
| Ebit | ||||||
| Asset | ||||||
| Debt |
| PE RATIO: COMPANY / SECTOR |
|---|
| 0.00x |
| Company: PE 7.55 | sector: PE -14.49 |
| PE RATIO: COMPANY / INDUSTRY |
|---|
| 0.27x |
| Company: PE 7.55 | industry: PE 28.24 |
| DISCOUNTED CASH FLOW VALUE |
|---|
|
$20.09 (4.77%) $0.914 |
| Date: 2024-05-13 |
| Expected Trading Range (DAY) |
|---|
|
$ 18.49 - 19.87 ( +/- 3.61%) |
| ATR Model: 14 days |
Insider Trading
| Date | Person | Action | Amount | type |
|---|---|---|---|---|
| 2024-04-01 | Larue Alex | Sell | 296 | Common Stock |
| 2024-01-09 | Taylor Sharon L | Buy | 641 | Common Stock |
| 2024-01-09 | Stevenson Tim Scott | Buy | 641 | Common Stock |
| 2024-01-09 | Spira Joel | Buy | 641 | Common Stock |
| 2024-01-09 | Scott Sandra Kay | Buy | 641 | Common Stock |
| INSIDER POWER |
|---|
| 64.51 |
| Last 97 transactions |
| Buy: 411 368 | Sell: 73 012 |
Forecast:
14:50 - $19.20
Live Trading Signals (every 1 min)
Forecast
1: 13:20 - $19.16
Forecast 2: 14:10 - $19.20
Forecast 3: 14:50 - $19.20
SCORE
10.00
Buy
10.00
Buy
Score Algorithm Version: 1.2C
Last version updated: Fri April 15th, 2022
Last version updated: Fri April 15th, 2022
| Indicator Signals | |
|---|---|
| RSI 21 | |
| SMA | |
| Trend | |
| Trend 2 | |
| Trend 3 | |
| MACD |
| Volume Signals | |
|---|---|
| Price | $19.18 (0.47% ) |
| Volume | 0.0033 mill |
| Avg. Vol. | 0.0180 mill |
| % of Avg. Vol | 18.23 % |
| Signal 1: | |
| Signal 2: |
Today
Last 12 Months
RSI
Last 10 Buy & Sell Signals For FRD
0 Signals | Accuracy: 0.00% | Accuracy Buy: 0.00% | Accuracy Sell: 0.00%
Avg return buy: 0.00 % | Avg return sell: 0.00 %
$1 invested is now $1.00 or 0.00% since Coming Soon
| Date | Signal | @ | Closed | % |
|---|
FRD
Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils. This segment also processes customer-owned coils on a fee basis. The company sells coil products and processing services to approximately 230 customers located primarily in the midwestern, southwestern and southeastern regions of the United States. Its principal customers for these products and services are steel distributors and customers manufacturing steel products, such as steel buildings, railroad cars, barges, tanks and containers, trailers, component parts and other fabricated steel products. The Tubular segment manufactures line and oil country pipes, as well as pipes for structural applications. This segment sells its tubular products principally to steel and pipe distributors through its own sales force. Friedman Industries, Incorporated was incorporated in 1965 and is headquartered in Longview, Texas.
Latest Press Releases
2024-03-21 16:05:00 - Press Release
Friedman Industries, Incorporated Increases Cash Dividend
Longview, texas, march 21, 2024 (globe newswire) -- the board of directors (the “board”) of friedman industries, incorporated, (nyse-american: frd) a texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on march 20, 2024, a cash dividend of $0.04 per share on the common stock of the company.
2024-02-14 16:56:00 - Press Release
Friedman Industries, Incorporated Announces Third Quarter Results
Longview, texas, feb. 14, 2024 (globe newswire) -- friedman industries, incorporated (nyse american: frd) today announced its results of operations for the third fiscal quarter ended december 31, 2023.
2023-12-18 13:38:00 - Press Release
Friedman Industries, Incorporated Announces Share Repurchase And Authorization Of Additional Share Repurchase Program
Longview, texas, dec. 18, 2023 (globe newswire) -- on december 13, 2023, friedman industries, incorporated (the “company”) repurchased 400,041 shares of the company's common stock from metal one corporation for an aggregate repurchase price of approximately $5.1 million. after the repurchase, the company had 6,971,824 shares of common stock outstanding.
2023-12-13 17:27:00 - Press Release
Friedman Industries, Incorporated Announces Cash Dividend
Longview, texas, dec. 13, 2023 (globe newswire) -- friedman industries, incorporated (nyse—american; trading symbol: frd) the board of directors (the “board”) of friedman industries, incorporated, a texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on december 13, 2023, a cash dividend of $0.02 per share on the common stock of the company. the company will pay the cash dividend on february 16, 2024 to shareholders of record at the close of business on january 19, 2024. this dividend marks the company's 208th consecutive quarterly cash dividend with the company having paid a cash dividend every quarter since becoming publicly traded in 1972.
2023-11-14 17:05:00 - Press Release
Friedman Industries, Incorporated Announces Second Quarter Results And Provides Update On Strategic Growth Initiatives
Longview, texas, nov. 14, 2023 (globe newswire) -- friedman industries, incorporated (nyse american: frd) announced today its results of operations for the quarter ended september 30, 2023.
Latest News
2023-08-02 15:26:36 - InvestorPlace
7 Value-Growth Stocks That'll Make You a Millionaire by 2025
Investors often jump into expensive stocks that have strong momentum and grand underlying businesses. However, these stocks can underperform the broader market or even return losses if your entry point is too high.
2022-12-06 02:53:30 - Seeking Alpha
Friedman Industries: Strong Financials Despite Low HRC Steel Prices
The company booked a $4 million comprehensive income in Q2 FY23 thanks to a prudent hedging strategy and the strong performance of its tubular division. With HRC steel prices falling, inventories and receivables declined significantly, which pushed the CFO for the quarter to $76 million.
2022-07-05 17:05:34 - Seeking Alpha
Friedman Industries: Plateplus Deal Is Transformational And I'm Going Long
The company recently bought two coil processing facilities from Plateplus for $63.8 million in cash and 516,041 shares, and this should more than double its production. The deal also includes steel inventory and customer relationships from two other facilities, which have a combined production of 113,000 tons.
2022-03-16 18:48:37 - Seeking Alpha
Friedman Industries Trades Above Fair Value But The Situation May Change
FRD is a downstream steel producer, meaning a company that buys steel coil from big mills and processes it according to final customer requirements.
2022-01-04 22:29:32 - Seeking Alpha
Friedman Industries Looks Cheap Based On Fundamentals
The company closed H1 FY22 with a net profit of $24.5 million thanks to high steel prices. The last time the company had unusually high earnings, it distributed a special dividend. I expect the same to happen in the near future.
2021-09-10 15:39:00 - GlobeNewsWire
FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND
LONGVIEW, Texas, Sept. 10, 2021 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on September 10, 2021, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on November 12, 2021 to shareholders of record at the close of business on October 8, 2021. This dividend marks the Company's 199th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 1972.
2021-08-23 16:48:00 - GlobeNewsWire
Friedman Industries, Incorporated Announces First Quarter Results
LONGVIEW, Texas, Aug. 23, 2021 (GLOBE NEWSWIRE) -- The Company announced today its results of operations for the fiscal first quarter. For the quarter ended June 30, 2021 (the “2021 quarter”), the Company recorded net earnings of $11,311,797 ($1.64 diluted earnings per share) on net sales of $65,916,439 compared to a net loss of $858,862 ($0.12 diluted loss per share) on net sales of $23,524,600 for the quarter ended June 30, 2020 (the “2020 quarter”). The 2021 quarter results make it the most profitable quarter in Company history. Results for the 2021 quarter were positively impacted by strong margins primarily associated with a historic rise in steel prices. The 2021 quarter was also positively impacted by the Decatur, Alabama facility starting to operate its new stretcher leveler cut-to-length line.
2021-07-07 16:49:00 - GlobeNewsWire
Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2021 Results
Reports most profitable quarter and second most profitable fiscal year in Company history Reports most profitable quarter and second most profitable fiscal year in Company history
2021-06-28 13:06:00 - GlobeNewsWire
FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND
LONGVIEW, Texas, June 28, 2021 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on June 28, 2021, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on August 6, 2021 to shareholders of record at the close of business on July 16, 2021. This dividend marks the Company's 198th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 1972.
2021-05-25 16:59:14 - GuruFocus
Friedman Industries: Now Firing on All Cylinders
Last year I wrote about Friedman Industries Inc. ( FRD , Financial) - A debt-free steel value-added reseller selling at a rock-bottom price. The stock was at $4.24.