Definitive Proof this stock will never make you disappointed: Crown Crafts, Inc. (NASDAQ: CRWS)

On 22 Jan 2020, Crown Crafts, Inc. (NASDAQ: CRWS) spotted trading -16.36% off 52-week high price. On the other end, the stock has been noted 65.50% away from the low price over the last 52-weeks. The stock changed -0.93% to recent value of $6.39. The stock transacted 2452 shares during most recent day however it has an average volume of 51.64K shares.

Crown Crafts, Inc. (CRWS) recently stated results for the second quarter of fiscal year 2020, which ended September 29, 2019.

Financial Results

Net income for the second quarter of fiscal 2020 was $1.8M, or $0.18 per diluted share, on net sales of $18.6M, contrast with net income of $1.8M, or $0.18 per diluted share, on net sales of $20.5M for the second quarter of fiscal 2019.  Gross profit for the current year quarter increased to 31.6% of net sales from 31.0% of net sales in the previousyear quarter.

For the six-month fiscal period, net income was $2.9M, or $0.28 per diluted share, on net sales of $34.5M, contrast with net income of $2.1M, or $0.21 per diluted share, on net sales of $36.0M for the first six months of fiscal 2019.  Current year net income was influenced favorably by $292,000, or $0.03 per diluted share, Because of a reversal of a portion of reserves for unrecognized tax benefits and the related interest and penalties that had been before accrued.  Gross profit for the six-month period was 30.2% of net sales, up from 29.2% in the prior-year period.

Board Declares Special and Quarterly Cash Dividend

The Company reported on October 31, 2019 that its Board of Directors reported a special cash dividend on the Company’s Series A ordinary stock of $0.25 per share, together with a quarterly cash dividend of $0.08 per share.  Both dividends will be paid on January 3, 2020 to stockholders of record at the close of business on December 13, 2019.  “We are happy to have finished the second quarter debt-free and to once again reward our stockholders with this special dividend, in addition to a quarterly dividend. We remain committed to delivering value to investors. Upon payment of this special dividend, Crown Crafts will have distributed over $40M in total dividends to shareholders since 2010,” Chestnut stated. “These payments reflect the Board’s confidence in the Company’s overall financial health and future cash flow,” he continued.

 Its earnings per share (EPS) expected to touch remained 42.50% for this year while earning per share for the next 5-years is expected to reach at 5.00%. CRWS has a gross margin of 29.70% and an operating margin of 10.20% while its profit margin remained 7.80% for the last 12 months. According to the most recent quarter its current ratio was 3.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.90% from the mean of 20 days, -1.38% from mean of 50 days SMA and performed 18.74% from mean of 200 days price. Company’s performance for the week was 1.59%, 0.31% for month and YTD performance remained 3.90%.

Leave a Reply

Your email address will not be published. Required fields are marked *