Zacks Investment Research upgraded
Blount International Inc.
) to a Zacks Rank #1 (Strong Buy) on Jun 27, 2014. Going by the
Zacks model, the companies holding a Zacks Rank #1 have strong
chances of performing better than the broader market.
Why the Upgrade?
The last few months starting Apr 2014 have been very beneficial for
Blount International, with its share price growing over 13.8% since
then, against a fall of 6.4% recorded year-to-date. At the same
time, the company's Zacks Rank has gone up to the foremost from
Zacks Rank #5 (Strong Sell).
Further, Blount International reported impressive results for
first-quarter 2014 on May 9. Adjusted earnings came in at 23 cents
per share, up 10.5% year over year and above the Zacks Consensus
Estimate of 17 cents. Revenues were roughly flat at $232 million.
Of total revenues, roughly 71% came from the Forestry, Lawn and
Garden segment while 26% were sourced from the Farm, Ranch and
Agriculture segment. Operating margin expanded 80 basis points year
For 2014, Blount International anticipates revenues to be in a
range of $925-$950 million and adjusted EBITDA to be within
$130-$135 million. Free cash flow is expected to be in the $32−$38
million range, with capital spending roughly in the $40−$45 million
Over the last 60 days, the Zacks Consensus Estimate for Blount
International has increased 7.4% to 87 cents per share for 2014 and
3.1% to $1.00 for 2015. Earnings are anticipated to grow by 15% in
the next five years. All these factors have made us optimistic
about the company's performance in the quarters ahead. Currently,
the company has an
of +5.0% for 2015.
Other Stocks to Consider
Blount International manufactures and markets tools for forestry,
lawn, garden, farm, ranch, agriculture and construction sectors. It
currently has a $670 million market capitalization. Other stocks
worth considering in the industry include
Barnes Group Inc.
). All these stocks hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
NORDSON CORP (NDSN): Free Stock Analysis Report
BARNES GRP (B): Free Stock Analysis Report
GORMAN RUPP CO (GRC): Free Stock Analysis
BLOUNT INTL (BLT): Free Stock Analysis Report
To read this article on Zacks.com click here.