Ampco-Pittsburgh Corporation Stock Upgraded (AP)
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Machinery industry. The net income increased by 118.2% when compared to the same quarter one year prior, rising from -$9.65 million to $1.75 million.
- AP's revenue growth trails the industry average of 28.6%. Since the same quarter one year prior, revenues slightly increased by 5.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
- AMPCO-PITTSBURGH CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. During the past fiscal year, AMPCO-PITTSBURGH CORP increased its bottom line by earning $2.05 versus $1.50 in the prior year.
- AP has underperformed the S&P 500 Index, declining 10.48% from its price level of one year ago. Looking ahead, although the push and pull of the overall market trend could certainly make a critical difference, we do not see any strong reason stemming from the company's fundamentals that would cause a continuation of last year's decline. In fact, the stock is now selling for less than others in its industry in relation to its current earnings.
-- Written by a member of TheStreet RatingsStaff
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