Thursday, January 24, 2013 3:23:30 PM
Competitors
Two of its nearest competitors are Acorn Energy Incorporated (NASDAQ: ACFN) and privately held GZA GeoEnvironmental Incorporated. Both companies deal in environmental solutions for pollution issues. GZA operates mainly in the United States providing environmental consulting and regulatory compliance services to a wide variety of businesses. Acorn is a holding company focused on providing digital solutions for energy infrastructure asset management. The company has come under fire lately for maintaining an unsustainable dividend and paying for research from at least two firms which maintain buy ratings on the company. Acorn has a market cap of $134.59 million and shares are trading at $7.47, with a 52 week high of $13.20 and a low of $6.31. GZA operates mainly in the United States providing environmental consulting and regulatory compliance services to a wide variety of businesses.
The Numbers
The company has not had the best year. E & E declared combined revenues for the first quarter of fiscal year 2013 of $36.8 million, a decline of $5.5 million or 13 percent from the $42.3 million the company reported in the first quarter of 2012. Revenue was $29.8 million for the quarter compared to $33.2 million in the first quarter of fiscal year 2012, a dismaying decrease of $3.4 million or 10 percent. The company maintained it had a net income of $.2 million or around $.06 per share for the first quarter of 2013. This is a decline of $1.0 million from the net income of $1.2 million or $.28 per share in the first quarter of last year. On the other hand, compared to the fourth quarter of fiscal year 2012, net income for the first quarter of 2013 has increased to $1.1 million and the company reported a profit of right at $.06 a share. The company has a market cap of $56 million. Shares are currently trading up 5.2 percent at $13.15 per.
Bottom Line
EEI is a commendable business filling a niche in a sector that, as one of my colleagues pointed out, will do nothing but grow as emerging growth countries realize the value of clean water, air and soil. Current dividend yield is a tidy 3.5 percent. It’s worth a little research to see if it fits in with your portfolio.
See more great articles on EmergingGrowth.com... http://emerginggrowth.com/featured_stories/ecology-and-environment-inc-nyse-eei-trading-up/01/24/2013
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