Company Reports Q3 Revenue of $244.1M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Reports Q3 revenue $244.1M, consensus $252.51M. "Our third quarter performance was highlighted by another quarter of record results in revenue, gross profit, operating income and Adjusted EBITDA. The key drivers were our ongoing acquisition activity within the Water Treatment segment and the continued improvement in our Industrial Solutions segment. From a bottom-line perspective, proforma EPS grew 10% in the quarter over the prior year and Adjusted EBITDA continued to grow," said Patrick Hawkins, CEO and president. "Once again, our performance generated significant cash that we used to pay down debt, fund investments in the business, and close acquisitions as part of our growth strategy for our largest segment, Water Treatment."
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Analyst Views on HWKN
Wall Street analysts forecast HWKN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HWKN is 200.00 USD with a low forecast of 200.00 USD and a high forecast of 200.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 153.750
Low
200.00
Averages
200.00
High
200.00
Current: 153.750
Low
200.00
Averages
200.00
High
200.00
About HWKN
Hawkins, Inc. is a water treatment and specialty ingredients company that formulates, manufactures, distributes and blends products for its water treatment, food and health sciences and industrial solutions customers. Its Water Treatment segment specializes in providing chemicals, products, equipment, services and solutions for potable water, municipal and industrial wastewater, industrial process water, non-residential swimming pool water and agricultural water. Its Industrial segment specializes in providing industrial chemicals, products and services to industries such as agriculture, chemical processing, electronics, energy, food, pharmaceutical and plating. Its Health and Nutrition segment specializes in providing ingredient distribution, processing and formulation solutions to manufacturers of nutraceutical, functional food and beverage, personal care, dietary supplements and other nutritional food, health and wellness products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
HWKN Stock 52-Week Highs and Lows Analysis
- Price Range Analysis: HWKN's 52-week low is $98.30 per share, while the high is $186.15, with the last trade at $136.21, indicating significant price volatility over the past year and reflecting varying market expectations for its future performance.
- Technical Indicator Alert: The stock has fallen below its 200-day moving average, which is often seen as a technical sell signal, potentially undermining investor confidence and leading to further price adjustments.
- Dividend Stock Dynamics: HWKN has recently joined nine other dividend stocks that have also crossed below their 200-day moving average, indicating a market reassessment of high-dividend stocks that could affect their attractiveness and investors' holding decisions.
- Market Sentiment Analysis: Although the current stock price is positioned in the middle of its 52-week range, investors should monitor overall market sentiment and its potential impact on HWKN's future stock price, especially amid increasing economic uncertainty.
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Hawkins Inc. Reports Q3 Net Income Misses Expectations
- Earnings Report: Hawkins Inc. reported a net income of $14.3 million for Q3, translating to earnings of $0.69 per share, while adjusted earnings of $0.72 per share fell short of Wall Street's expectation of $0.75, indicating pressure on profitability.
- Revenue Shortfall: The company's revenue for the period was $244.1 million, missing analysts' expectations of $253.5 million, suggesting that weak market demand could impact future sales growth.
- Market Reaction: The failure to meet earnings expectations may put downward pressure on Hawkins' stock price, affecting investor confidence in the company's future performance.
- Industry Challenges: The chemical manufacturing sector is facing rising raw material costs and demand fluctuations, necessitating Hawkins to implement effective strategies to navigate the changing market environment.
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