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Sunday, November 30, 2014 8:17:27 AM
NEW YORK (TheStreet) -- Mannatech (MTEX) has been upgraded by TheStreet Ratings from Hold to Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MANNATECH INC (MTEX) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
The revenue growth came in higher than the industry average of 5.8%. Since the same quarter one year prior, revenues rose by 25.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
MANNATECH INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, MANNATECH INC turned its bottom line around by earning $1.18 versus -$0.53 in the prior year.
The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Personal Products industry. The net income increased by 737.7% when compared to the same quarter one year prior, rising from -$0.80 million to $5.11 million.
The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. When compared to other companies in the Personal Products industry and the overall market, MANNATECH INC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
Recent MTEX News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/19/2024 06:47:03 PM
- Mannatech Announces Appointment of James Clavijo as Chief Financial Officer • Business Wire • 07/01/2024 09:46:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 04:56:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 04:54:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 03:40:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 04:48:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 04:47:43 PM
- Mannatech Reports Financial Results for First Quarter 2024 • Business Wire • 05/14/2024 04:45:00 PM
- Charting New Paths: Mannatech Expanding with Thailand Office, Grand Opening, September 2024 • Business Wire • 04/24/2024 09:00:00 PM
- Mannatech Reports Financial Results for Fourth Quarter and Full Year 2023 • Business Wire • 03/28/2024 11:00:00 AM
- Mannatech Announces Retirement of Alfredo Bala and Promotion of Landen Fredrick to President and CEO • Business Wire • 03/13/2024 11:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/12/2024 09:49:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/05/2024 04:01:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/05/2024 04:00:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/05/2024 04:00:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/05/2024 04:00:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/05/2024 04:00:18 PM
- Mannatech Reports Third Quarter End 2023 Financial Results • Business Wire • 11/07/2023 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2023 07:49:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/29/2023 07:49:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 07:43:49 PM
- Mannatech Reports Second Quarter End 2023 Financial Results • Business Wire • 08/14/2023 09:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 08:48:33 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:46:30 PM
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