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Aggressive Growth

Bill Wilton

A.T. Cross Co.

 ZacksTrade Now

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A.T. Cross Co. (ATX) is showing solid valuations with good growth rates. If you are willing to stomach the chart, now could be a good time to get in on this Zacks #1 Rank (Strong Buy).

Company Description

A.T. Cross Co. makes branded personal and business accessories like writing instruments, glasses, leather goods, watches, cufflinks, and stationary.

A Strong Quarter

Back in July the company reported quarterly sales of $47.8 million, which was more than a 14% increase. Margins were about the same as last year.

Net income came in at $3.2 million, up from $2.7 million. That breaks down to $0.26 per share. On top of that, A.T. Cross went ahead and raised its guidance. All in all, a great quarterly report.

Beat the Street, Again

After adjustment the EPS figure was $0.24, 2 cents better than the Zacks Consensus Estimate. A.T. Cross has now beaten Wall Street's expectations in each of the past 9 quarters.

Right now the Zacks Consensus Estimate is calling for $0.69 this year, which is a 40% growth rate. Next year's average estimate is $0.85, good enough for a 23% growth rate.

Valuations

Shares of ATX can be picked up on the cheap right now. The forward P/E is only 14 times and that puts the PEG ratio at an attractive 0.9. Other value metrics are looking good as well. The price-to-sales is only 0.7 times and the price-to-book is at 1.6 times.

The Chart

One draw back is that ATX may be a momentum investor's nightmare. But, if you are looking to buy and hold for a while with the ability to weather the storm, this could turn out to be a great entry point in the long run.

A.T. Cross Co. - ticker ATX>
 
 
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Bill Wilton is the Aggressive Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the Zacks Small Cap Trader service

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