Quarterly statistics running in Hurco Companies, Inc. (NASDAQ: HURC) shareholders favor?

Hurco Companies, Inc. (NASDAQ: HURC) changed 1.32% to recent value of $36.07. The stock transacted 12611 shares during most recent day however it has an average volume of 23.78K shares. It spotted trading -19.83% off 52-week high price. On the other end, the stock has been noted 16.10% away from the low price over the last 52-weeks.

Hurco Companies, Inc. (NASDAQ: HURC) recently stated results for the third fiscal quarter ended July 31, 2019. Hurco recorded net income of $3.49M, or $0.51 per diluted share, for the third quarter of fiscal 2019 contrast to net income of $6.5M, or $0.95 per diluted share, for the corresponding period in fiscal 2018. For the nine months of fiscal 2019, Hurco stated net income of $15.4M, or $2.24 per diluted share, contrast to $13.19M, or $1.93 per diluted share, for the corresponding period in fiscal 2018.

Sales and service fees for the third quarter of fiscal 2019 were $58.5M, a decrease of $20.25M, or 26%, contrast to the corresponding previous year period and included an unfavorable currency impact of $1.87M, or 2%, when translating foreign sales to U.S. dollars for financial reporting purposes. Sales and service fees for the nine months of fiscal 2019 were $203.39M, a decrease of $14.23M, or 7%, contrast to the corresponding period in fiscal 2018, and included an unfavorable currency impact of $7.27M, or 3%, when translating foreign sales to U.S. dollars for financial reporting purposes.

Orders for the third quarter of fiscal 2019 were $52.98M, a decrease of $23.009M, or 30%, contrast to the corresponding period in fiscal 2018, and included an unfavorable currency impact of $1.82M, or 2%, when translating foreign orders to U.S. dollars. Orders for the nine months of fiscal 2019 were $188.196M, a decrease of $44.626M, or 19%, contrast to the corresponding period in fiscal 2018, and included an unfavorable currency impact of $7.19M, or 3%, when translating foreign orders to U.S. dollars.

Gross profit for the third quarter of fiscal 2019 was $17.19M, or 29% of sales, contrast to $24.52M, or 31% of sales, for the corresponding previous year period. Gross profit for the nine months of fiscal 2019 was $60.97M, or 30% of sales, contrast to $63.96M, or 29% of sales, for the corresponding previous year period.

Selling, general and administrative expenses for the third quarter of fiscal 2019 were $12.59M, or 22% of sales, contrast to $15.16M, or 19% of sales, in the corresponding period in fiscal 2018, and included a favorable currency impact of $0.28M when translating foreign expenses to U.S. dollars for financial reporting purposes. Selling, general and administrative expenses for the nine months of fiscal 2019 were $40.62M, or 20% of sales, contrast to $41.45M, or 19% of sales, in the previous year period and included a favorable currency impact of $1.24M when translating foreign expenses to U.S. dollars for financial reporting purposes.

Cash and cash equivalents totaled $66.11M at July 31, 2019, contrast to $77.17M at October 31, 2018. Working capital was $206.667M at July 31, 2019, contrast to $194.63M at October 31, 2018.

HURC has a gross margin of 31.00% and an operating margin of 11.10% while its profit margin remained 8.20% for the last 12 months. Its earnings per share (EPS) expected to touch remained 58.70% for this year. The company has 6.63M of outstanding shares and 6.33M shares were floated in the market. According to the most recent quarter its current ratio was 4.2 that represent company’s ability to meet its current financial obligations. The price moved ahead of 7.09% from the mean of 20 days, 10.05% from mean of 50 days SMA and performed -0.80% from mean of 200 days price. Company’s performance for the week was 1.52%, 13.75% for month and YTD performance remained 1.04%.

Alicia Gainey

Alicia Gainey–Technology and Energy My name is Alicia Gainey, and I am 31 years of age who is an industrialist rather than a writer. I need to grab the eye of my group of readers without sounding excessively dry and boring. I am that kind of individual who treasures his extra time by composing my contemplations and thoughts for my group of readers. My writing areas of interests are not kept to a particular field, I composed on numerous themes, however, technology and business articles are forever my top pick. I love to communicate through inventive modes, for example, drawing, singing, and composing. I love to invest my relaxation time with my adored cat, rest or by playing my preferred computer games.

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