Hamilton Beach Brands Holding Co (HBB) Jul 2024 Earnings Report
Hamilton Beach Brands Holding Company: Investment Report
Overview
Hamilton Beach Brands Holding Company is a leading player in the small electric household and specialty housewares appliances industry. With a rich history dating back to 1904, the company has established itself as a trusted brand, offering a diverse range of products under various brand names. As the company continues to innovate and expand its product offerings, this report provides an in-depth analysis of its current market position, financial performance, growth prospects, and future potential.
Core Metrics
- Current price: $19.77 USD
- 52-week high: $25.24 USD
- 52-week low: $9.88 USD
- Market Cap: $279.67 million USD
- P/E Ratio: 8.00
- Earnings per Share: $2.47
- 50-day average: $18.37
- 200-day average: $18.27
- Analyst Recommendations: Hold (1 analyst)
Financial Performance
Hamilton Beach Brands Holding Company has demonstrated a strong financial performance in its second quarter 2024, with significant revenue and profit growth driven by strategic initiatives and favorable market conditions. The company reported earnings of $6 million, with a net income of $0.42 per share. Its focus on innovation and expansion of product offerings is expected to drive future growth.
Growth Prospects
The company's growth prospects look promising, driven by its strategic initiatives and favorable market conditions. Its efforts to innovate and expand its product offerings are expected to drive revenue growth and increase market share. Additionally, its focus on premium products and expansion into new markets is likely to contribute to its future success.
News and Updates
Recent news articles highlight the company's strong performance in its second quarter 2024, with revenue and profit growth driven by strategic initiatives and favorable market conditions. The company's focus on innovation and expansion of product offerings is expected to drive future growth.
Upgrades and Downgrades
Baird initiated coverage on Hamilton Beach Brands Holding Company with a Neutral rating in 2017. However, there have been no recent upgrades or downgrades.
Summary
Hamilton Beach Brands Holding Company is a trusted brand in the small electric household and specialty housewares appliances industry, with a rich history and a diverse range of products. Its strong financial performance, driven by strategic initiatives and favorable market conditions, positions it for future growth. While the current analyst recommendation is Hold, the company's growth prospects and focus on innovation make it an attractive investment opportunity.
Disclosures
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