Last $12.36 USD
Change Today -0.04 / -0.32%
Volume 78.1K
As of 8:10 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

penford corp (PENX) Snapshot

Open
$12.60
Previous Close
$12.40
Day High
$12.78
Day Low
$12.19
52 Week High
07/31/13 - $15.98
52 Week Low
06/24/14 - $10.71
Market Cap
157.0M
Average Volume 10 Days
201.4K
EPS TTM
$0.30
Shares Outstanding
12.7M
EX-Date
04/17/09
P/E TM
41.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for PENFORD CORP (PENX)

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penford corp (PENX) Details

Penford Corporation, together with its subsidiaries, develops, manufactures, and markets specialty natural-based ingredient systems for food and industrial applications primarily in the United States. It develops and manufactures ingredients with starch as a base primarily from corn and potatoes, which are used primarily as binders and coatings in paper, packaging, and food production, as well as an ingredient in fuel. The company operates in two segments, Industrial Ingredients and Food Ingredients. The Industrial Ingredients segment provides chemically modified specialty starches to the paper, packaging, and other industries in ethylated, oxidized, and cationic forms. Its ethylated and oxidized starches are used in coatings and as binders, providing printability to fine white, magazine, and catalog paper; and cationic and other liquid starches are used in the paper-forming process in paper production, providing the bonding of paper fibers and other ingredients. This segment also produces and sells fuel grade ethanol; and by-products from its corn wet milling operations, including corn gluten feed and corn gluten meal to various market participants for use in animal feed, as well as corn germ to producers of corn oil. The Food Ingredients segment offers specialty starches and dextrins to the food manufacturing and food service industries. Its specialty starches are used in coatings for products, such as French fries sold in restaurants; to reduce fat levels, increase fiber content, modify texture, and improve color and consistency in various foods, such as canned products, sauces, whole and processed meats, dry powdered mixes, and bakery products; and as moisture binders and in companion pet products comprising dog treats and chews. Penford Corporation sells its products through direct sales and distributor agreements. The company was founded in 1894 and is headquartered in Centennial, Colorado.

403 Employees
Last Reported Date: 11/14/13
Founded in 1894

penford corp (PENX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $900.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $490.0K
Vice President and President of Penford Food ...
Total Annual Compensation: $380.0K
Vice President and President Penford Industri...
Total Annual Compensation: $365.0K
Vice President of Human Resources, General Co...
Total Annual Compensation: $344.0K
Compensation as of Fiscal Year 2013.

penford corp (PENX) Key Developments

Penford Corporation Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended May 31, 2014

Penford Corporation reported unaudited consolidated earnings results for third quarter and nine months ended May 31, 2014. For the quarter, the company’s sales were $119,429,000 against $121,719,000 a year ago. Income from operations was $4,925,000 against $4,275,000 a year ago. Income before income tax was $5,004,000 against $3,423,000 a year ago. Net income was $3,071,000 against $2,058,000 a year ago. Diluted net earnings per common share were $0.24 against $0.16 a year ago. Cash from operating activities was $2,946,000 against $11,228,000 a year ago. EBITDA was $9,012,000 against $7,745,000 a year ago. The decrease in sales was primarily because lower corn prices that were passed through to paper industry customers reduced industrial starch and by-products revenue. For the nine months, the company’s sales were $334,786,000 against $349,823,000 a year ago. Income from operations was $9,476,000 against $10,825,000 a year ago. Income before income tax was $7,940,000 against $7,831,000 a year ago. Net income was $4,798,000 against $4,956,000 a year ago. Diluted net earnings per common share were $0.37 against $0.39 a year ago. Cash from operating activities was $11,337,000 against $14,580,000 a year ago. EBITDA was $6,225,000 against $4,940,000 a year ago.

Penford Corporation(NasdaqGM:PENX) dropped from Russell 2000 Index

Penford Corporation will be removed from the Russell 2000 Index.

Penford Corporation(NasdaqGM:PENX) dropped from Russell 3000 Index

Penford Corporation will be removed from the Russell 3000 Index.

 

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Archer-Daniels-Midland Co $48.20 USD +0.12
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Industry Analysis

PENX

Industry Average

Valuation PENX Industry Range
Price/Earnings 41.5x
Price/Sales 0.3x
Price/Book 1.7x
Price/Cash Flow 40.9x
TEV/Sales 0.2x
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