Posts Tagged ‘earnings per share’

UMH Releases Q2 2015 Financials

August 7th, 2015 Comments off

umh_mfg_home__cedit_umhManufactured home community (MHC) operator UMH Properties, Inc. (NYSE:UMH), in posting its 2nd quarter financial results for 2015, reported $0.12 earnings per share, missing analysts consensus estimate of $0.16 by $0.04, according to prnewswire.

Net operating income from community rose 18 percent to $8.8 million for Q2 2015 as compared to $7.4 million for the same period in 2014. Same property occupancy rose over the last year from 82.5 percent to 83.4 percent, and same property revenue increased 8.2 percent. Samuel A. Landy, President and CEO, said he expects to add 700 rental units this year.

UMH acquired three Pennsylvania MHCs during the quarter, adding 480 developed homesites for $8.8 million, and Mr. Landy said the company has a definitive agreement to acquire six more MHCs with 2,200 developed homesites for $68.6 million. He expects this purchase to close during the second half of 2015.

UMH has a 50-day moving average price of $9.78, with a market cap of $243.46 million. The company has registered a 52-week low of $9.01 and a 52-week high of $10.64. The stock closed up +0.53 percent at $9.54 in trading Thursday, Aug. 6.

A quarterly dividend of $0.18 per share will be issued on Tue., Sept 15 to shareholders of record on Mon., Aug. 17, representing an annual dividend of $0.72 with a yield of 7.55 percent.

A real estate investment trust (REIT), UMH owns and operates 92 MHCs comprised of 15,700 home sites in seven states. MHProNews knows that in addition to leasing homes, UMH also sells homes to residents through its wholly-owned subsidiary, UMH Sales and Finance, Inc. The company also owns a portfolio of REIT securities. ##

(Photo credit: UMH Properties, Inc.)

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

Drew Sales Gained in Q2 2015 over Same Period 2014

August 4th, 2015 Comments off

drew_industFor the second quarter 2015, sales at Drew Industries, Inc. (NYSE:DW) gained 13 percent over Q2 2014 to $362 million, one million over the first quarter to set a record, producing net income of $20.9 and earnings per share of $0.85, although short of consensus expectations of $0.93 per share. Investors had also hoped for sales growth of 17 percent.

Net income in the comparable quarter of 2014 was $18.6 million, or $0.77 per diluted share, according to prnewswire. Drew’s recreational vehicle (RV) sector accounted for 92 percent of net sales in Q2 2015, based upon a 14 percent increase in this sector for 2015 over the same period of 2014. Acquisitions by Drew in 2014 thru Q2 2015 added $21 million in net sales for this reporting quarter, MHProNews has learned.

In the manufactured housing segment sales declined nearly two percent to $57.4 million, but profitability increased 16 percent over the same quarter last year.

With the strong underlying demand for our products in the second quarter of 2015, we achieved record quarterly net sales for the second time this year,” said Jason Lippert, Drew’s Chief Executive Officer. “The industries we serve continue to grow, which, when coupled with our recent acquisitions, new products and market share gains, have led to the significant increase in our net sales for the second quarter of 2015. “RV industry fundamentals remain strong, as evidenced by the 12 percent increase in industry-wide retail sales of travel trailer and fifth-wheel RVs in the first five months of 2015,” continued Lippert. “The long-term strength of underlying retail demand has resulted in fifteen consecutive quarterly increases in RV wholesale production of travel trailer and fifth-wheel RVs.

As MHProNews knows, Drew is a component supplier to the manufactured housing and recreational vehicle industries. Shares of Drew’s stock closed today, Aug. 4, 2015 at $56.95, down -4.17 percent, but up +15.08 on the year. ##

(Image credit: Drew Industries, Inc.)

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

Drew Draws a “Buy” Rating

August 7th, 2014 Comments off

drew_industA research note issued to investors by equities research analysts at Citigroup reiterated its “buy” rating for Drew Industries, Inc. stock, with a $51.00 target price according to Shares of Drew traded down -0.78% on Thurs., Aug. 7, closing at $42.21. Drew has a one-year low of $40.38 and a one-year high of $55.35, and while it missed the Thomson Reuters consensus estimate of $0.85 earning per share (EPS) by $0.03 for Q2 2014, quarterly revenue was up 12.1 percent on a year-over-year basis. MHProNews has learned analysts predict the company will post EPS this fiscal year of $2.76. Drew is a component supplier to the manufactured housing industry. ##

(Image credit: Drew Industries, Inc.)

Sun Communities beat Q2 Analysts’ Estimates

July 28th, 2014 Comments off

With revenue up 15.2 percent compared to the second quarter last year, Sun Communities, Inc. (NYSE:SUI) reports earnings per share of $0.78 beat analysts’ estimate of $0.76 by $0.02 for Q2 2014. Earnings per share for Q2 2013 were $0.69 per share, as informs MHProNews . The company’s $115.40 million revenue for the second quarter bested analysts’ consensus estimate of $105.88 million. Sun is a real estate trust (REIT) that owns and operates 189 manufactured housing and recreational vehicle communities consisting of 71,500 developed homesites in 27 U. S. states. ##

(Image credit: Sun Communities, Inc.)

UMH Moved to Buy

May 16th, 2013 Comments off

According to utahpeoplespost, real estate investment trust (REIT) UMH Properties, Inc. was upgraded by analysts at TheStreet from a hold to a buy position, as reported by AnalystRatingsNetwork. The company has strong growth in revenue and net income, good return on equity and earnings per share, and reasonable valuation levels. AnalystsRatingsNetwork says, “We feel these strengths outweigh the fact that the company shows weak operating cash flow.” A quarterly dividend scheduled for June 17th will yield a return of $0.18 per share to share holders on record as of May 15, 2013. UMH stock (UMH:NYSE) closed at $11.01 Wed., May 15. As MHProNews knows, UMH owns and operates 68 land lease communities in seven states comprised of 12,800 homesites, as well as a portfolio of REITs.

(Image credit: UMH Properties, Inc.)

Louisiana Pacific Industries Sales Rise 48.6% over Q1 2012

May 8th, 2013 Comments off

NASDAQ says Louisiana Pacific Industries, Inc. (LPX) reports in the first quarter of 2013 adjusted earnings per share of $0.41 from continuing operations, in line with Zacks Consensus Estimate, and a strong turnaround from the six cent loss per share for the same period in 2012. Net sales for Q1 increased 48.6 percent year-over-year to $538 million, although Zacks had projected sales of $544 million. Pre-tax earnings were $121 million as opposed to $21 million for the first quarter of 2012. As MHProNews understands, LPX is a component supplier to the manufactured housing industry.

(Photo credit: Wikipedia)

UMH to Pay Dividend

April 9th, 2013 Comments off

UMH Properties’ stockholders of record on May 15th will receive the benefit of $0.18 per share June 17, representing a yield of 6.79%, according to information MHProNews has received from utahpeoplespost. While The Street downgraded the stock to “hold” from “buy” March 15, it was up Monday April 8 by 1.23% at 10.73, which is also its fifty-day moving average. The company earned 0.10 earnings per share in its last reported quarter. UMH owns and operates 68 communities comprised of 12,800 homesites, having recently acquired Holiday Mobile Village, a 274 site MHC in Nashville, Tenn., as we posted April 3. The company also maintains a portfolio of REITs.

(Photo credit: UMH Properties)

Sun Communities, Inc. Declares Dividend

March 25th, 2013 Comments off

ZolmaxNews reports Sun Communities, Inc. (SUI) of Southfield, Mich. says it will pay a quarterly dividend of $0.63 per share on Friday, April 19 to investors of record April 1, 2013. Representing a $2.52 annualized dividend, the dividend yield is 5.29 percent. BMO Capital Markets, commenting on the stock, upgraded its rating from “market perform” to “outperform,” projecting a price target of $52.00. Sun’s stock was up 3.25 percent at the close of Friday’s trading at $47.68. The company has a market cap of $1.509 billion and a P/E ratio of 256.56. Analysts forecast Sun will gain $3.50 earnings per share this fiscal year. As MHProNews knows, Sun is a real estate investment trust (REIT) which owns and operates 183 manufactured home and RV communities comprised of 67,380 sites.

(Photo credit: Sun Communities, Inc.)


Sun Communities Declares Dividend

December 25th, 2012 Comments off

JagsReport says Sun Communities, Inc. has declared a quarterly dividend of $0.63 a share for stockholders of record Dec. 31, 2012, payable January 18th, 2013. As MHProNews reported here Oct. 1, 2012, this is the same dividend amount as for Q3 2012, and represents an annualized dividend of $2.52, and a dividend yield of 6.31%. Sun’s revenue rose 11.2% compared to the same quarter last year. Analysts expect earnings per share (EPS) will equal $3.20 for the current fiscal year. Sun owns and operates 164 manufactured housing and recreational vehicle communities comprising over 57,000 developed sites, making it one of the largest LLC owners in the nation.

(Photo credit: Sun Communities, Inc.)

Drew Ranks in EPS

November 16th, 2012 Comments off

Benzinga reports MH and RV component maker Drew Industries, Inc. (DW) is ranked number four on the NYSE in earnings per share (EPS) among all the recreational vehicle manufacturers. The company’s trailing-twelve month EPS is $1.61; the revenue for the same time period is $860.48 million. As MHProNews knows, Kinro, Inc., a Drew subsidiary, manufactures windows and doors for the MH and RV markets; its other subsidiary, Lippert Components, with fifty years experience in steel manufacturing provides axles, chassis, and custom steel fabrication, as well as acrylic bath products, to the industries.

(image credit: Drew Industries, Inc.)