RINO International Corp. (RINO): Zacks Rank Buy

• By Michael Vodicka
• On 1:00 am EDT, Monday October 5, 2009

RINO International Corp. (NasdaqGM: RINO - News) recently hit a new 52-week high on rising estimates and strong second-quarter results, reported on Aug 10.

Second-Quarter Results

Sales were up 17% from last year to $40.7 million. Earnings also came in strong at 40 cents, 2 cents ahead of the Zacks Consensus Estimate.

RINO improved in a couple of key areas, including its operating margin, which improved to 24.5% from 15.9% last year. Cash and equivalents also improved significantly, increasing to $51.7 million from $19.7 million.

Estimates Up

The current-year estimate jumped 9 cents to $1.89 after word of the good quarter hit the Street. The next-year estimate stands at $2.09, an 11% growth projection.

The Chart

Shares of RINO are up big over the last few months, recently hitting a new 52-week high before pulling back a bit on profit taking. Take a look below.

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