Metalico, Inc.

Metalico, Inc. (MEA) is trading higher than it was since last featured in mid August. In addition to a higher share price, the company has seen higher Wall Street estimate revisions. Two out of three covering analysts lifted full-year 2008 earnings estimates from last month’s 93 cents per share to $1.22. For the following year, the two analysts boosted forecasts from last month’s $1.08 per share to $1.39.

A Record Quarter

The company is trading at 9.6x forward earnings and delivered a record second quarter in late July. Net income was $8.1 million, or 22 cents per share, but after the effects of SFAS No. 150 and other charges, was 42 cents per share. Consensus estimates were at 25 cents per share. Sales surged 342% to $295.1 million from $66.8 million in the year ago period.

Read our Aug 13, 2008 analysis.

Update to Previous Value Zacks Rank Buy Stocks

TBS International Limited (TBSI) turned in record results in the second quarter and saw higher forecasts from Wall Street. The full-year 2008 consensus estimate of $7.12 per share climbed from $6.37 over the past 30 trading days. Read the full analysis on TBSI.

UniFirst Corp. (UNF) recently declared a quarterly cash dividend of 3.75 cents per share. The company noted that the dividend will be paid on Oct. 3 to shareholders of record as of Sept. 12. Read the full analysis on UNF.

Unit Corp. (UNT) recently delivered second-quarter earnings per share of $2.00, eclipsing the previous year’s $1.41 and topping the consensus estimate by a penny. During the past four consecutive quarters, the company’s earnings results were ahead of Street estimates three times and matched the other time. Read the full analysis on UNT.

Steel Dynamics, Inc. (STLD) posted record second-quarter earnings of $1.05 per share in late July, citing strong shipments and higher selling values as catalysts. The earnings result more than doubled last year’s 51 cents and exceeded the consensus estimate by 13%. The company also upped its full-year earnings guidance as did Wall Street. Read the full analysis on STLD.

Read the full analyst report on MEA