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Friedman Industries (FRD)

(Delayed Data from AMEX)

$19.46 USD

19.46
22,014

+0.07 (0.36%)

Updated Apr 26, 2024 03:59 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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NA Value NA Growth NA Momentum NA VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 35% (164 out of 252)

Industry: Metal Products - Procurement and Fabrication

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Balance Sheet

Fiscal Year End for Friedman Industries Inc falls in the month of March.

All items in Millions except Per Share data.

3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Assets          
Cash & Equivalents -99,999 3 3 8 17
Receivables NA 49 36 20 12
Notes Receivable NA 0 0 0 0
Inventories NA 86 68 36 36
Other Current Assets NA 5 19 13 1
Total Current Assets NA 144 125 78 65
Net Property & Equipment NA 54 30 15 12
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 2 2 0
Intangibles NA 0 0 0 0
Deposits & Other Assets NA 0 2 0 1
Total Assets NA 199 159 95 77
Liabilities & Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Notes Payable NA 0 0 0 0
Accounts Payable NA 37 45 15 9
Current Portion Long-Term Debt NA 0 0 2 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 1 0 1 0
Other Current Liabilities NA 7 16 11 1
Total Current Liabilities NA 45 61 29 10
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 4 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 0 0 0 0
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 34 19 0 0
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 84 80 30 10
Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 9 8 8 8
Capital Surplus NA 35 30 30 30
Retained Earnings NA 80 59 45 35
Other Equity NA 0 -10 -11 0
Treasury Stock NA 8 8 7 6
Total Shareholder's Equity NA 115 80 65 67
Total Liabilities & Shareholder's Equity NA 199 159 95 77
Total Common Equity 0 115 80 65 67
Shares Outstanding 6.90 7.30 6.80 6.90 7.00
Book Value Per Share 0.00 15.81 11.72 9.47 9.55

Fiscal Year End for Friedman Industries Inc falls in the month of March.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 4 3 5 3
Receivables NA 44 52 47 49
Notes Receivable NA 0 0 0 0
Inventories NA 114 105 101 86
Other Current Assets NA 9 5 3 5
Total Current Assets NA 171 165 156 144
Net Property & Equipment NA 56 55 54 54
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 0 0 0 0
Deposits & Other Assets NA 0 0 0 0
Total Assets NA 229 222 211 199
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 48 29 36 37
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 2 2 3 1
Other Current Liabilities NA 4 4 4 7
Total Current Liabilities NA 55 35 43 45
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 4 4 4 4
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 0 0 0 0
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 56 41 34
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 106 95 88 84
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 9 9 9 9
Capital Surplus NA 35 35 35 35
Retained Earnings NA 92 91 87 80
Other Equity NA 0 0 0 0
Treasury Stock NA 13 8 8 8
Total Shareholder's Equity NA 123 127 123 115
Total Liabilities & Shareholder's Equity NA 229 222 211 199
Total Common Equity 0 123 127 123 115
Shares Outstanding 6.90 7.30 7.30 7.30 7.30
Book Value Per Share 0.00 16.81 17.37 16.90 15.81