Unique Fabricating (UFAB) Releases Quarterly Earnings Results

Unique Fabricating (NYSEAMERICAN:UFAB) posted its quarterly earnings results on Friday. The auto parts company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.07), MarketWatch Earnings reports. The business had revenue of $42.05 million for the quarter, compared to analyst estimates of $44.27 million. Unique Fabricating updated its FY 2018 guidance to $0.58-0.62 EPS.

Shares of NYSEAMERICAN:UFAB traded down $1.30 during trading on Friday, hitting $6.76. The company’s stock had a trading volume of 32,812 shares, compared to its average volume of 11,945. Unique Fabricating has a fifty-two week low of $6.74 and a fifty-two week high of $9.70.

Several large investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Unique Fabricating by 65.1% during the second quarter. BlackRock Inc. now owns 21,520 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 8,489 shares in the last quarter. LSV Asset Management grew its stake in shares of Unique Fabricating by 58.9% during the third quarter. LSV Asset Management now owns 25,900 shares of the auto parts company’s stock worth $209,000 after purchasing an additional 9,600 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Unique Fabricating by 42.4% during the first quarter. Dimensional Fund Advisors LP now owns 34,918 shares of the auto parts company’s stock worth $295,000 after purchasing an additional 10,402 shares in the last quarter. Bailard Inc. acquired a new position in shares of Unique Fabricating during the second quarter worth $313,000. Finally, Renaissance Technologies LLC grew its stake in shares of Unique Fabricating by 274.6% during the second quarter. Renaissance Technologies LLC now owns 79,800 shares of the auto parts company’s stock worth $697,000 after purchasing an additional 58,500 shares in the last quarter.

Several research firms have commented on UFAB. Taglich Brothers restated a “speculative buy” rating on shares of Unique Fabricating in a research note on Wednesday, September 12th. Zacks Investment Research upgraded shares of Unique Fabricating from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research note on Friday, October 12th.

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About Unique Fabricating

Unique Fabricating, Inc engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration, harshness, acoustical management, water and air sealing, decorative, and other functional applications. It offers die cut products, such as trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation products, as well as heating, ventilation, and air conditioning (HVAC) seals; thermoformed and compression molded products, including HVAC air ducts, door water shields, evaporator liners, console bin mats and fender insulators, and others; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals.

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Earnings History for Unique Fabricating (NYSEAMERICAN:UFAB)

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