Emerging Growth
12 years ago
Key Tronic Corporation (NASDAQ: KTCC) is a good company to park money with. It is one of the leading firms in electronic manufacturing devices. It provides engineering services, materials management, in-house testing and worldwide distribution from its facilities in the United States, Mexico and China.
Its key strengths include engineering expertise in electronics, mechanical engineering and precision plastics coupled with high-quality, low-cost production and assembly on a global scale. Its customers include major original equipment manufacturers (OEM).
For the first quarter of the fiscal year 2013, it reported good financial results. Revenues were up 40% to $69.8 million. Net income came in at $3.7 million, or diluted per share earnings of $0.35. This is up 200% compared to the same period last year. For the last 5 years, sales have grown by 11%. This yields to per share earnings growth of 16.73%. It recently issued a second quarter 2013 guidance saying that earnings per share will be in the range of $0.32 to $0.38 per share. If its estimated earnings per share will be achieved, run-rate earnings will be at $1.46 per share. This translates to a growth of 32% compared to the prior year.
Managementโs Plan to Yield Better Shareholder Returns
For the last year, the stock price has grown by 88% as the company generated significantly increased cash flows for the year. One of the key factors why the company is poised for growth is their strategy to pursue and expand their product portfolio to the EMS market.
KTCC plans to aggressively pursue the EMS business in a wide range of industries. Its key programs include consumer plastic products and electronics, medical devices, specialty printers, gaming, telecommunications, automotive, educational equipment, computer accessories, industrial tools and controls and power management products.
According to the research firm IDC, the EMS market is expected to grow by 6.5% per year for the coming years. Even other companies in the space are forecasted to post better than expected financial results. Rogers Corp. (NYSE: ROG) has witnessed increased earnings estimates amid improved third quarter 2012 results and strong outlook for the quarter ahead. Sparton (NYSE: SPA) is also on its way to full recovery after a period of operating losses and near bankruptcy experience during the financial crisis of 2008. For fiscal 2012, its results have been impressive with sales increasing by 10%.
At present, Key Tronic trades at depressed levels of 8.29 times earnings. The market has yet to discount its future prospects given that the computer peripherals industry has yet to gain traction. Early investors on this stock could be rewarded as the company is expected to posts better than expected results for the coming quarters.
Get the whole story here:
http://emerginggrowth.com/emerging_growth_stock_picks/key-tronic-corp-nasdaq-ktcc-a-value-stock-in-a-growing-industry/01/23/2013
xxxxtrader
14 years ago
This MicroFlote GapFilla Bottum Bouncrr still in play, Lookit Nice $25k chunk just bit off 2day meanz tha xxxxploshun iz not too far away, butt still stukk in tha 70's...
/// L-O-A-D-I-N-G Z-O-N-E ///
With tha markit flat,, hedgie nn Tha daytradrrz will be lookin 2 run Up a LoFlote,, nn KTCC iz sittin pretty
All 10Q sellurz rr gone,, not just waitin for Hedgie to lite tha fuze , fo tha
tikk tikka tikkaaa
KKABBBOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMMM!!
10m os $6 book valu
Targit iz 5.5 on tha
Pure Kash Flow xxxxploshun,,
0 tikkz downsidez
80 Tikkz upsidez
Itza NoBrainrr
For tha Playurz Only,, No Pikkrz allow-d
xxxxtrader
14 years ago
Good idea,, insiderz kan sell after earnings, and on thin traderz like this, Tha selling insiderzz are Usually employeez nn not smart about trading.. putting in market orders, and thatz what lookz liek wutt happend hear.
But that is an opportunity for Traders,, I pikkt up sum 4.7z today looking to flip this weak for 5.5z...
tikka tikkaaa
manny t
15 years ago
From Researcher59, a very savvy trader on the Value Microcaps Board:
KTCC +.38 to 6.20, conf call was bullish about the future - most notably, during the Q&A, mangement stated that they signed on new customers over the past two quarters representing annual revenues of roughly $100M that will begin to ramp up in the coming year. This represents roughly a 50% revenue increase over the current run rate.
Additionally management noted that their current customer base is very stable, with essentially none scaling back on orders, while some are increasing ....
Sounds like the recent impressive sequential revenue and earnings increases will be continuing for several quarters to come. Depending on gross margins, SG&A, etc - EPS, fully taxed and diluted, may approach $0.25 per quarter by later this year or early in 2011. That compares with $0.14 (adj to 33% tax rate) in the latest quarter and guidance for $0.14 to $0.19 next quarter.
I've been accumulating shares today ....
nole92
15 years ago
KTCC just announced huge Q3 numbers - $0.43 eps
SPOKANE VALLEY, Wash.--(BUSINESS WIRE)--Key Tronic Corporation (NASDAQ:KTCC - News), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended April 3, 2010.
For the third quarter of fiscal 2010, Key Tronic reported total revenue of $51.7 million, up 16% from $44.8 million in the previous quarter and up 17% from $44.2 million in the same period of fiscal 2009. For the first nine months of fiscal 2010, total revenue was $137.8 million, compared to $139.5 million in the same period of fiscal 2009.
Net income for the third quarter of fiscal 2010 was $4.4 million or $0.43 per diluted share, up from $1.7 million or $0.17 per diluted share in the previous quarter and up from $0.3 million or $0.03 per diluted share for the same period of fiscal 2009. Results for the third quarter of fiscal 2010 include a net deferred tax benefit of $2.2 million or approximately $0.22 per diluted share. For the first nine months of fiscal 2010, net income was $6.4 million or $0.63 per diluted share, up from $0.8 million or $0.08 per diluted share for the same period of fiscal 2009.