Notable Stock to Watch: Kewaunee Scientific Corporation (NASDAQ:KEQU)

Kewaunee Scientific Corporation (NASDAQ:KEQU) spotted trading -56.77% off 52-week high price. On the other end, the stock has been noted 0.00% away from the low price over the last 52-weeks. The stock changed -0.92% to recent value of $15.06. The stock transacted 1603 shares during most recent day however it has an average volume of 5.42K shares. The company has 2.73M of outstanding shares and 2.44M shares were floated in the market.

On Aug. 27, 2019, Kewaunee Scientific Corporation (NASDAQ:KEQU) declared results for its first quarter of fiscal year 2020, ended July 31, 2019.

Sales for the quarter were $39,336,000, a 6.7% decrease from sales of $42,152,000 in the prior year first quarter. Domestic sales for the quarter were $29,287,000, down 18.8% from sales of $36,070,000 in the first quarter of last year. International sales for the quarter were $10,049,000, up 65.2% from sales of $6,082,000 in the first quarter last year. The decrease in Domestic sales was a result of lower dealer sales in the current quarter versus those in the prior year first quarter.International sales increased as a result of a large order with a new customer and continued strength in the Indian laboratory infrastructure market.

Pre-tax earnings for the quarter were $665,000 compared to $1,893,000 for the prior year period.  Pre-tax earnings were lower when compared to the prior year period because of lower Domestic sales and higher operating costs and investment in our International segment.  Net earnings for the quarter were $471,000, or $0.17 per diluted share, a decrease of 68.4% as compared to net earnings of $1,489,000, or $0.53 per diluted share, for the quarter ended July 31, 2018.

The Company’s order backlog is $102 million at July 31, 2019, as compared to $101 million at April 30, 2019 and $102 million at July 31, 2018.

Unrestricted cash on hand was $11.7 million at the end of the quarter, as compared to $9.6 million at the end of the first quarter last year. Working capital was $31.0 million, as compared to $35.6 million at the end of the first quarter last year. Short-term debt and interest rate swaps were $13.3 million at the end of the quarter, as compared to $7.5 million at the end of the first quarter last year, and long-term debt was $127,000 as compared to $972,000 at the end of the first quarter last year. The debt-to-equity ratio at July 31, 2019 was .32-to-1, as compared to .23-to-1 at July 31, 2018.   Its earnings per share (EPS) expected to touch remained -75.90% for this year.

KEQU has a gross margin of 17.30% and an operating margin of 1.50% while its profit margin remained 1.00% for the last 12 months.

According to the most recent quarter its current ratio was 2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -8.24% from the mean of 20 days, -15.27% from mean of 50 days SMA and performed -36.22% from mean of 200 days price. Company’s performance for the week was -5.58%, -12.75% for month and YTD performance remained -54.69%.

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