- Net sales $50.0 to $52.0 million, a 36% to 42% increase
- Gross profit $11.0 to $12.0 million, a 44% to 58% increase from $7.6 million
- Net income $3.5 to $4.1 million range, a 66% to 95% increase
We previously stated:
We have calculated a 12m forecast EPS of $0.68 - based on 4x last quarter, which is probably conservative.
That certainly is too conservative given the latest quarterly results.
Q1 EPS was $0.17 and Q2 looks to be approximately $0.25 putting the company on first half EPS of $0.42. Considering Q3 is typically HPJ’s strongest, followed by Q4 it’s quite possible the full year earnings could approach $1.00.
Working off a conservative estimate of $0.80 earnings for the full year. At todays close, that puts the company on a PE of 5.1 with income growing well over 50% annually.
HPJ won’t last at this price for long, especially with a very small float.