In mid-September, the company paid a quarterly cash dividend of 20 cents per share to its shareholders. Currently, the company has a dividend yield of 1.9%.
For the fourth quarter of 2011, the company expects net income of $9.74 million on sales of $144 million, as compared to a net income of $5.46 million recorded on $104.65 million sales for the same period in 2010, as per analysts polled by Bloomberg. Earnings per share are forecast at 81 cents for the quarter, a 79% increase from 45 cents in 2010 third quarter. Gross margin is seen rising by 4% to 19.75%, while operating profit is seen increasing by 68% to $15.6 million.Of the six analysts covering the stock, 50% recommend a buy and 33% suggest a hold. On average, analysts polled by Bloomberg expect the stock to gain almost 32.8% to $71.00 from current levels over the next 12 months.