I expect slightly higher sales as the new equipment install would not have contributed much to the quarter. Earnings will be slightly higher as raw material costs should have been slightly lower. They will not increase the dividend, but I also fully expect a special dividend in either December or February. The board does NOT sit on cash, and they will be rolling in it. NO further stock buybacks in the cards at these prices. I do not know how Obamacare may affect their profits come the 4th quarter but really could have a chilling effect.
I doubt that Obamacare will have much effect on Armanino. The company has fewer than 50 employees, so it is not covered by the employer mandate. There will be higher prices for health insurance, but I doubt that it will be enough to make a material difference in the results.
As far as a dividend increase, they just had one last quarter. It would be a real surprise to see another one now. Most likely, we will see just the same as last time. A special would come in December, if at all.
You are correct that the new equipment ought not have that much impact until the fourth quarter. Of bigger concern is the declining sales in Japan. If the company was unable to stem that decline, there could be a meaningful impact, but I think that is unlikely. My prediction is that profits will be 0.2 cents higher than last quarter.
Armanino should be declaring their quarterly dividend around Thursday or Friday (the 13th or 14th). That might give us a clue. If they raise it to $.015, I would take that as a very positive sign of another record quarter. If it stays the same, I would read that as suggesting they are cruising along at a good rate of sales and , but not necessarily setting a new record. Since my cost basis is about $.33 cents, I'm not too worried in either case. What I do expect is an extra at the end of the year. (just a personal opinion)