Drew Reports 17.3% Revenue Increase

drew_ind_2_logoMHProNews has learned from dakotafinancialnews that manufactured home component supplier Drew Industries (NYSE:DW) reported $0.70 earnings per share for the third quarter, 2015, missing analysts consensus of $0.74 by $0.04. Earnings per share for the same period last year were $0.64.

Drew earned $345 million during Q3, as compared to the consensus estimate of $333.14, and revenue increased 17.3 percent on a year-over-year basis.

The company, based in Elkhart, Indiana, has a 12-month low of $45.76 and a 12-month high of $65.21, and market capitalization is $1.45 billion, with a P/E ratio of 21.45. The stock has a 50-day moving average of $57.18 and a 200-day moving average price of $57.89.

In trading on the New York Stock Exchange the company stock closed down -1.15 percent at $60.12 on Nov. 3, 2015. ##

(Image credit: Drew Industries, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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