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Goldfield Corp Stock Upgraded (GV)

NEW YORK ( TheStreet) -- Goldfield (AMEX: GV) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 9.1%. Since the same quarter one year prior, revenues rose by 30.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Powered by its strong earnings growth of 500.00% and other important driving factors, this stock has surged by 181.92% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, GV should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • GOLDFIELD 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 two years. During the past fiscal year, GOLDFIELD CORP turned its bottom line around by earning $0.03 versus -$0.01 in the prior year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Construction & Engineering industry. The net income increased by 825.8% when compared to the same quarter one year prior, rising from $0.18 million to $1.65 million.
  • Despite currently having a low debt-to-equity ratio of 0.44, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Despite the fact that GV's debt-to-equity ratio is mixed in its results, the company's quick ratio of 1.94 is high and demonstrates strong liquidity.
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The Goldfield Corporation, through its subsidiaries, engages in the electrical construction and real estate development business activities in the United States. The company has a P/E ratio of 38, below the average materials & construction industry P/E ratio of 38.8 and above the S&P 500 P/E ratio of 17.7. Goldfield has a market cap of $29.7 million and is part of the industrial goods sector and materials & construction industry. Shares are up 377.6% year to date as of the close of trading on Thursday.

You can view the full Goldfield Ratings Report or get investment ideas from our investment research center.
-- Written by a member of TheStreet RatingsStaff

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