FGI Industries (NASDAQ:FGI) Issues Earnings Results, Beats Expectations By $0.02 EPS

FGI Industries (NASDAQ:FGI) released its earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02, Zacks reports. The firm had revenue of $36.10 million for the quarter, compared to analyst estimates of $30.80 million. FGI Industries had a return on equity of 2.67% and a net margin of 0.51%. During the same quarter in the prior year, the firm posted $0.05 earnings per share. FGI Industries updated its FY 2024 guidance to EPS.

FGI Industries Stock Down 18.3 %

FGI Industries stock traded down $0.17 during midday trading on Tuesday, hitting $0.76. 300,484 shares of the stock were exchanged, compared to its average volume of 21,220. The stock has a market capitalization of $7.27 million, a PE ratio of 10.86 and a beta of 1.32. The company has a fifty day simple moving average of $0.85 and a two-hundred day simple moving average of $0.94. FGI Industries has a 52 week low of $0.70 and a 52 week high of $1.85.

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.