Blount International, Inc. (BLT) Upgraded by Zacks Investment Research to “Outperform”
Resource from: Blount International, Inc. Likes:3063
Mar 31,2011
(March 30, 2011)
Equities research analysts at Zacks Investment Research upgraded shares of Blount International, Inc. (NYSE: BLT) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday.
Shares of Blount International, Inc. traded up 1.47% during mid-day trading on Wednesday, hitting $15.84. Blount International, Inc. has a 52 week low of $9.90 and a 52 week high of $17.46. The stock’s 50-day moving average is $15.37 and its 200-day moving average is $15.08. The company has a market cap of $769.9 million and a price-to-earnings ratio of 16.09.
Blount International, Inc. last announced its quarterly results on Wednesday, March 9th. The company reported $0.25 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.23 EPS by $0.02. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts predict that Blount International, Inc. will post $0.28 EPS next quarter.
Blount International, Inc. (Blount) is an international industrial company. The Company wholly owns and operates a manufacturer of gear-related products. During the year ended December 31, 2009, its Outdoor Products segment accounted 97% of its sales. During 2009, its products are sold in over 100 countries and approximately 67% of its 2009 sales were outside of the United States. The Company has manufacturing operations in the United States, Canada, Brazil and the People’s Republic of China (China). Additionally, it operates marketing, sales and distribution centers in other parts of the world. The Companyâ#8364;™s wholly owned subsidiary, Gear Products, Inc. manufactures rotation bearings, worm gear reducers, hydraulic pump drives, swing drives and winches. It also sells these products in the replacement parts market in addition to its sales to OEMs.
(Blount International, Inc.)
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