Hawkins Inc Up 12.11% To $51.57 After Earnings Beat

Hawkins, Inc. (HWKN) surpassed earnings projections on 8/2/2023 for Q1 2024.Hawkins Inc's earnings came in at an EPS of $1.12 per share, 84.00% higher than estimates for an EPS of $0.61 per share. The firm's earnings are up 19% since reporting $0.94 per share in the same period a year ago. Revenues were upbeat at $251.1 million. That is an increase of 1.86% in revenues from the year-ago report and is 3.77% higher than consensus estimates set at $242 million. The stock is up 12.11% to $51.57 after the report.Hawkins Inc's earnings expanded faster than revenues, signaling widening profit margins.The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.Hawkins Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 83, putting Hawkins Inc in the top 25% of stocks. The firm was recently trading at a 52-week high of $52.03 on June 7, 2023 and set a 52-week low on January 5, 2023 at $36.62.Hawkins Inc manufactures and sells a variety of chemicals and ingredients. The firm organizes itself into three segments based on the product type. The industrial segment, which generates the majority of revenue, sells private label bleach, caustic soda, sulfuric acid, hydrochloric acid, phosphoric acid, potassium hydroxide, and aqua ammonia. The water treatment segment sells chemicals and equipment used to treat potable water, municipal and industrial wastewater, industrial process water, and non-residential swimming pool water. The health and nutrition segment sells ingredients to food, beverage, personal care, and dietary supplement producers. The vast majority of revenue comes from the United States.

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Hawkins Inc Up 12.11% To $51.57 After Earnings Beat