The company had earnings per share of $0.91, a price to earnings ratio of 17.89, and a return on equity of 11%. It had $66.57 million in cash and cash equivalents and $164.31 million in marketable securities, totaling $224.21 million available for stock repurchases. Using 10% of cash for operations and interest of 4.92% on available funds, earnings per share was estimated to be $0.94 with a return on equity of 16.1% and expected market price of $15.20 per share.
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Blaine Kitchenware Excel
The company had earnings per share of $0.91, a price to earnings ratio of 17.89, and a return on equity of 11%. It had $66.57 million in cash and cash equivalents and $164.31 million in marketable securities, totaling $224.21 million available for stock repurchases. Using 10% of cash for operations and interest of 4.92% on available funds, earnings per share was estimated to be $0.94 with a return on equity of 16.1% and expected market price of $15.20 per share.
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avg.
shares outstanding 59,052
net income 53,630 earnings per share $ 0.91 market price of share $ 16.25 price to earnings ratio $ 17.89 shareholder equity 488,363 return on equity (net income/ shareholder equity) 11.0%
cash and cash equivalents $ 66,557
(10% of cash is used for operations) $ 6,656 total cash to be used $ 59,901 marketable securities $ 164,309 total amount available for repurchase $ 224,210
net income $ 53,630
total amount available for repurchase $ 224,210 interest (4.92%) $ 11,031 net earnings after interest $ 42,599 earnings per share $ 0.94
net income $ 42,599
shareholder equity $ 264,153 return on equity 16.1%
interest expense (6.35%) $ 12,116
Revised EBIT $ 58,974 earnings before tax $ 46,858 tax (40%) $ 18,743.20 net income $ 28,115 earnings per share $0.77 expected market price $ 15.20
net income $ 28,115
shareholder equity $ 264,153 Return on equity 10.64%