Today’s Hot Stock under Review: RF Industries, Ltd. (NASDAQ: RFIL)

RF Industries, Ltd. (RFIL) stock moved downward -0.42% and ended at $11.75 . The stock’s market capitalization arrived at $107.623M and total traded volume was 73,130 shares. The stock has a 52-week highest price of $12.75 and its 52-week lowest price was called at $1.75. During last trade, its maximum trading price was registered $11.90 and it’s the minimum trading price was noted $11.55.

RF Industries, Ltd. (NASDAQ: RFIL) reported results for the fiscal second quarter and first six months ended April 30, 2018.

Second Quarter Results

Net sales for the second quarter of fiscal 2018 increased $14.8M to $22.4M contrast to $7.6M in the second quarter last year.  Net sales at the Custom Cabling Manufacturing and Assembly (Custom Cabling) section increased $14.6M to $19.6M from $5.0M in the second quarter last year.  Custom Cabling benefited from higher sales of specialized custom cabling, fiber optic cable and other copper cabling products in the quarter.  RF Connector and Cable Assembly (RF Connector) section sales increased to $2.8M from $2.6M in the second quarter last year.

Gross profit for the second quarter increased $6.1M to $8.1M while gross margins improved to 36% of sales from 26% of sales in the second quarter last year.  The improvement in gross margins was primarily Because of the revenue increase at Custom Cabling which had the effect of spreading certain fixed manufacturing costs over a larger revenue base.

Selling and general expenses increased $1.7M to $3.4M contrast to $1.7M in the second quarter last year Because of higher commissions and accrued bonuses related to the sales gains at Custom Cabling.  Despite this increase in expenses, selling and general expenses as a percentage of sales declined to 15% of sales contrast to 22% of sales in the second quarter last year, indicating the Company’s increased operational efficiencies.

Second quarter operating income increased $3.9M to $4.0M, or 17.9% of sales, contrast to $0.1M, or 0.9% of sales, in the second quarter last year.

Net income for the quarter was $3.2M, or $0.34 per diluted share, contrast to net income of $0.1M, or $0.01 per diluted share, in the second quarter last year.

Balance Sheet Data; Dividends

At April 30, 2018, the Company stated working capital of $17.5M, including cash and cash equivalents of $8.5M, a current ratio of 2.7-to-1, no outstanding debt, and stockholders’ equity of $25.2M.  During the first half of fiscal 2018, the Company paid out cash dividends of $0.04 per share, or $0.4M.

At its June 6, 2018 meeting, the Board of Directors reported a quarterly cash dividend of $0.02 per ordinary share.  The quarterly cash dividend is payable on July 15, 2018 to stockholders of record on June 30, 2018.  This is the 32nd consecutive quarterly dividend that RF Industries has paid to holders of ordinary stock.

In the liquidity ratio analysis; RF Industries, Ltd.’s (RFIL) debt to equity ratio was 0.00 while current ratio was 2.70. The company has the institutional ownership of 33.10% while the Beta factor was 0.45. The stock’s RSI amounts to 67.44.

Eva Hopkins – Stocks News Alert

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