Taylor Devices (NASDAQ:TAYD) Issues Quarterly Earnings Results

Taylor Devices (NASDAQ:TAYD) released its quarterly earnings results on Friday. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, RTT News reports. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%. During the same quarter in the prior year, the company earned $0.56 earnings per share.

Taylor Devices Price Performance

Shares of TAYD opened at $35.26 on Friday. The business has a 50-day moving average of $44.77 and a 200-day moving average of $47.96. The company has a market capitalization of $109.98 million, a price-to-earnings ratio of 12.16 and a beta of 1.06. Taylor Devices has a 1 year low of $21.99 and a 1 year high of $64.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Taylor Devices from a “buy” rating to a “strong-buy” rating in a report on Monday, November 18th.

Taylor Devices Company Profile

Taylor Devices, Inc engages in design, development, manufacture, and marketing of shock absorption, rate control, and energy storage devices for use in machinery, equipment, and structures in the United States, Asia, and internationally. Its products include seismic dampers that are designed to mitigate the effects of earthquakes on structures; Fluidicshoks, which are compact shock absorbers primarily used in defense, aerospace, and commercial industries; and crane and industrial buffers, which are larger versions of the Fluidicshoks for industrial application on cranes and crane trolleys, truck docks, ladle and ingot cars, ore trolleys, and train car stops.