NYSE:UVVTobacco
Universal (UVV) Stock Price Reflects Mounting Margin Pressure And Losses
Universal stock slipped about 1.8% to US$51.15 today, extending a soft three month stretch. However, the latest earnings present a more complicated picture. The headline result is a sharp swing back into a small quarterly loss of US$5.0m and basic earnings per share of roughly US$0.20 loss, following a far steeper hit in the prior quarter.
For a company built on steady leaf tobacco cash flows and a growing ingredients arm, the key issue now lies in the earnings trend and thin trailing profit...