FGI Industries (NASDAQ:FGI) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

FGI Industries (NASDAQ:FGI) issued its earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02, Zacks reports. The firm had revenue of $36.10 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.05 earnings per share. FGI Industries updated its FY 2024 guidance to EPS.

FGI Industries Stock Down 18.3 %

Shares of NASDAQ FGI traded down $0.17 during midday trading on Tuesday, hitting $0.76. The stock had a trading volume of 300,484 shares, compared to its average volume of 21,220. The company has a fifty day moving average price of $0.85 and a 200 day moving average price of $0.94. The company has a market capitalization of $7.27 million, a price-to-earnings ratio of 10.86 and a beta of 1.32. FGI Industries has a 1-year low of $0.70 and a 1-year high of $1.85.

About FGI Industries

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.