Home Sectors Consumer Cyclical Current Movement: Patrick Industries (NASDAQ: PATK)

Current Movement: Patrick Industries (NASDAQ: PATK)

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Patrick Industries is in the consumer cyclical sector and is part of the manufacturing apparel and furniture industry. The company CEO is Todd M. Cleveland. Patrick Industries Inc is a manufacturer of component products and distributor of building products and materials to the recreational vehicle and manufactured housing industries.

Previous Intraday Trading Performance:

The PATK stock showed a previous change of 3.70% with an open at 45.31 and a close of 46.48. It reached an intraday high of 46.63 and a low of 45.31.

SeekingAlpha:  Industrial Production Has Peaked

Liquidity:

The stock has a market cap of $1.1b with 23.8m shares outstanding, of which the float is 22.1m shares. Trading volume reached 130,384 shares compared to its average volume of 181,417 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Patrick Industries shares returned 6.05% and in the past 30 trading days it returned -1.67%. Over three months, it changed 0.06%. In one year it has changed -27.15% and within that year its 52-week high was 67.50 and its 52-week low was 27.32. PATK stock is 70.13% above its 52 Week Low.

Our calculations show a 200 day moving average of 46.22 and a 50 day moving average of 47.04. Currently PATK stock is trading 0.57% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  RV Shipments: This Recession Predictor Refuses To Take A Month Off

Earnings:

The last annual fiscal EPS for the company was reported at 4.93 that ended on 31st of December 2018, which according to the previous close, that is a PE of 9.43. Based on 4 analyst estimates, the consensus EPS for the next quarter is 0.88. The TTM EPS is 4.73, which comes to a TTM PE of 9.83. Historically, the PE high was 29.10 and the PE low was 7.90. If the stock reached its PE low, that would represent a price of 37.35, which is a decrease of -19.63%.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 04/25/2019): 0.90
4thQtr of 2018 (Reported on 02/14/2019): 1.15
3rdQtr of 2018 (Reported on 10/25/2018): 1.15
2ndQtr of 2018 (Reported on 07/26/2018): 1.42
1stQtr of 2018 (Reported on 04/26/2018): 1.20

Base on our calculations, the intrinsic value per share is 75.59, which means it is possibly undervalued and has a margin of safety of 38.51%.

Indicators to Watch:

The current calculated beta is 1.99.

SeekingAlpha:  RV Shipments: This Recession Predictor Refuses To Take A Month Off

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 27.70%, return on assets is 9.65%, profit margin is 4.80%, price-to-sales is 0.46 and price-to-book is 2.49.

Company Scores:

All scores are out of six:
 4  :Valuation Score
 2  :Past Performance Score
 3  :Financial Strength Score
 1  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.