Zep, Inc. (NYSE:ZEP) provider and marketer of wide range of cleaning and maintenance solutions, posted financial results for the quarter and whole year.
Earnings for the fiscal fourth-quarter surged 79% as the commercial cleaning-products company posted stronger margins and lower overhead costs. Whereas results were faintly lower than outlooks, the company said it expects to see modest organic sales growth in 2013 and for gross margins to remain similar to fiscal 2012.
Fourth fiscal quarter revenue was $171.7 million, a 1.2% reduction from the fourth quarter of previous year.
Zep, Inc. (NYSE:ZEP) traded with volume of 104,600 shares in last session which was unexpectedly higher versus average trading capacity of 59,183.00 shares. The stock traded with opening bell at $14.55, gained the maximum price level of $15.69 and then finished the day at $14.70 by scoring +1.80%.
ZEP remained successful in generating revenue of $655.61 million in the trailing twelve months and made net income of $18.59 million. The Company maintained a positive 2.85% the net profit margin and in its operating margin it scored 5.38%. Company’s yearly revenue change for the last five years was 3.19%.
The ZEP’s price to sales ratio is 0.50 and price to cash ratio is 42.40 for the past 12 months. As far as the returns from the company is concerned, return on assets remained as +4.37%.
The stock showed downbeat performance of -0.81% for the week which was maintained for the month at +1.38%. Likewise the negative performance for the trailing 3 months was recorded as -5.71% and in last year was -15.47% while the performance so far in current year remains at +5.98%.
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