friedman industries (FRD:NYSE Amex)
friedman industries (FRD) Snapshot
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Open
$9.70
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Previous Close
$9.71
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Day High
$9.76
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Day Low
$9.65
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52 Week High
02/11/13 - $11.98
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52 Week Low
08/1/12 - $8.51
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Market Cap
65.6M
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Average Volume 10 Days
11.4K
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EPS TTM
$1.04
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Shares Outstanding
6.8M
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EX-Date
04/17/13
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P/E TM
9.3x
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Dividend
$0.32
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Dividend Yield
10.02%
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Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and steel and pipe distribution activities in the United States. The company purchases hot-rolled steel coils; processes the coils into flat, finished sheet, and plate; and sells these products on a wholesale basis, as well as processes customer-owned coils on a fee basis. It also manufactures, purchases, processes, and markets tubular products, including line and oil country pipes, as well as pipes for structural and piling purposes. The company sells its coil products and processing services primarily to steel distributors, and customers fabricating steel products, such as storage tanks, steel buildings, farm machinery and equipment, construction equipment, transportation equipment, conveyors, and other similar products; and tubular products principally to steel and pipe distributors, and piling contractors through its own sales force. Friedman Industries, Incorporated was founded in 1939 and is based in Humble, Texas.
friedman industries (FRD) Top Compensated Officers
friedman industries (FRD) Key Developments
The Board of Directors of Friedman Industries, Incorporated declared on March 22, 2013, a quarterly cash dividend of $0.08 per share on the Common Stock of the company. The company will pay the cash dividend on May 17, 2013, to shareholders of record at the close of business on April 19, 2013.
Friedman Industries, Incorporated announced unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported Net Sales were $31,719,922 against $36,987,260 a year ago. Earnings before income taxes was $1,716,301 against $2,703,583 a year ago. Net earnings was $1,150,058 against $1,799,250 a year ago. Diluted earnings per share was $0.17 against $0.26 a year ago. For the nine months, the company reported Net Sales were $104,488,762 against $117,961,998 a year ago. Earnings before income taxes was $7,286,206 against $8,933,687 a year ago. Net earnings was $4,886,241 against $5,945,569 a year ago. Diluted earnings per share was $0.72 against $0.87 a year ago.
Friedman Industries, Incorporated declared on December 7, 2012, a special cash dividend of $0.50 per share on the common stock of the company. The company will pay the cash dividend on December 28, 2012, to shareholders of record at the close of business on December 18, 2012.
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| FRD:US | $9.65 USD | -0.06 |  |
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Industry Analysis
FRD
Industry Average
| Valuation | FRD | Industry Range |
| Price/Earnings | 9.3x |
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| Price/Sales | 0.4x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | 9.3x |
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| TEV/Sales | 0.3x |
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To contact FRIEDMAN INDUSTRIES, please visit www.friedmanindustries.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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