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

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

FGI Industries Price Performance

FGI traded down $0.17 during trading on Tuesday, hitting $0.76. The company’s stock had a trading volume of 300,484 shares, compared to its average volume of 21,220. FGI Industries has a twelve month low of $0.70 and a twelve month high of $1.85. The stock has a market cap of $7.27 million, a PE ratio of 10.86 and a beta of 1.32. The firm’s 50 day moving average price is $0.85 and its 200-day moving average price is $0.94.

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.