U.S. Markets open in 8 hrs 58 mins

Hurco Companies, Inc. (HURC)

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
Add to watchlist
38.95-0.75 (-1.89%)
At close: 3:59PM EDT
People also watch
SNHYDWSNHDNGIIVIRSTI
  • T
    Thomas
    Thomas
    From a highly reputable Analyst Team (who doesn't cover HURC) .... a meaningful summary of the recently released Empire Survey -- "another solid reading form the Empire State Mfg. Survey which came in at 24.4 versus the consensus of 19.0 (large beat sre). Analysts also noted that the New Orders component grew at the fastest monthly rate in 8 years .... and backlog of orders are 'piling-up' at an unusually strong pace."

    We believe the last part of the commment above, regarding "baclogs" is critical and most appropriate for HURC ... in fact, HURC has strongly built backlog in each of it's last 4 qtrs. HURC's orders have exceeded converted revenue by $20M during that period. Never since we have followed HURC (since 2004) has HURC's orders exceeded $60M/qtr. for a rolloing 4 quarters; orders exceeded revenue conversion for a rolling 4 quarters; and cash is at record levels! We've also noted the machine tool sectors of UK and Germany continued to accelerate since mid-summer ...... All of this forms a base to move HURC into the mid-$40s by year-end (potentially higher if the market wakes-up and discovers HURC).
  • T
    Thomas
    Thomas
    Just took out the $36.10 52-week high !! Given this stock is such a sleeper and very few knew the release would be last Friday ... the stock didn't move much on 30k volume the weekend the Market began looHUTC (especially the 30%order growth) ... and likely noticed the most important stat -- never has HURC order l exceeded $60M/qtr. or 4 consecutive quarters .... a the order backlogs have also increased $20M over the last 4 quarters (very favorable for pushing revenue conversion to all time highs in Q4/Oct. year-end close). Onward and upward to move over $40 is very likely here in 30-60 days.
  • S
    Steve-382
    Steve-382

    Seeking Alpha article on Hurco. I posted the complete article at the IV message board also.

    https://seekingalpha.com/article/4105628-hurco-seeing-recovery-choppy?auth_param=rvcd:1crfj2b:8672e6d392b8033f8fe5cc4dba8cc1b2&uprof=44

    Hurco Seeing A Recovery, But It's Choppy
    Hurco's revenue growth and revenue mix has been lackluster this year, but orders continue to build nicely, and demand for manufacturing tools and technology is
    seekingalpha.com
  • S
    Steve-382
    Steve-382
    Back to sleep. Earnings were a little less than I had hoped for. Revenues were right at my guess. Orders were OK, but not spectacular. Cash is $60M or about $10 per share. Dividend held steady at 10 cents. We probably get another penny at next years annual meeting.
  • m
    mayslakeman
    mayslakeman
    I added at $34.40 where it had been sitting a while and then it just plunged right after that. Think they are just messing with it. I expect a good report tomorrow.
  • T
    Thomas
    Thomas
    All the "stars" are bginning to align for HURC ..... including channel checks in US, UK and Germany. Heck, even the Euro is making it's ascent on $1.20 (currently sitting @ $1.955). Earnings will likely be out this Friday (9/1) ....or a 25% chance in our opinion the second Friday of Sept. (9/8) .... onward and upward for this quiet Gem.
  • m
    mayslakeman
    mayslakeman
    It's been a week since hitting an intraday 52 week high last week at $36.10. This area just above and below $33 has been a pretty good support level since last earnings June 2. Next report in the next week or 2 should be a good one. Hopefully on our way to $40 soon.
  • S
    Steve-382
    Steve-382

    Illinois toolmaker Pelco upgrades equipment and adds 9 new Hurco machines.

    http://www.plasticsnews.com/article/20170810/NEWS/170819993/illinois-toolmaker-pelco-upgrades-equipment

    Illinois toolmaker Pelco upgrades equipment - Plastics News
    Pelco Tool & Mold Inc. recently spent about $2 million to upgrade its operation in Glendale Heights, Ill.
    www.plasticsnews.com
  • J
    Joe
    Joe
    Extremely strong undercurrent forming ...... AFter 2 hrs. of trading HURC volume is 150% of daily average over the past quarter ... on no news .... despite an aggressive low offer price coming in for the first hour ... it was just gobbled up and we push higher. As we noted mid-last week .... watch the activity surrounding HDNG .... despite being up 15% last week (strong quarterly report and forward outlook about tool mkts.) it's up another 5-6% today on 4x it's daily volume in the first two hours of trading .... on no news .... HDNG is an extremely boaring equity that doesn't normally move < !% a day or for that matter 5% in a month! The market is waking -up to the numerous factors that have trended favorably to Machine tooling suppliers that carry a high int'l distribution base. In our opinion HURC has the superior business model/valuation in this space.
  • J
    Joe
    Joe
    Steve 382 ---- thanks for the note. I was up early this AM (PDT) waiting for the HDNG release. One of the best Quarters we've witnessed by HDNG in many (emphasis added), many years!

    For all serious investors -- Go review the HDBNG release. FOr normal quarterlies the HDNG release (Q2) is approx. 30 before the HURC (Q3) release. THe HDNG results/orders were very good. While HDNG is a direct comp to HURC there product like is in the general comparable sector -- but their products tend to be more in Stage 1 cyclical category of lower-end product segment. Additionally, HDNG doesn't have as high a mix/% of business in EU (namely Ger/UK).

    With HURC record orders in the 1st 6 mos. YTD (despite a very strong $US) this year and backlog at all-time highs ..P&L (namely revenue) should be very robust in Q3/Q4 upcoming. Additionally, the EU has appreciated to $1.175 vs. $US in Q3 (July close). THUS, we are expecting very strong results to be release between the 1st/2nd Friday of Sept. (1st - 8th).

    Time for the market to wake up and move into this very solid Stage 2 cyclical that is ramping it's business activity ... our low $40s target for year-end 2017 (calendar) still holds.
  • S
    Steve-382
    Steve-382
    Hardinge up 10% today on earnings report.

    Chuck Dougherty, President and Chief Executive Officer, commented, “We had a strong quarter driven by improved industrial economies in North America and Asia that resulted in higher machine sales. Importantly, we had a very healthy level of orders that support our expectation of a solid 2017.”
  • m
    mayslakeman
    mayslakeman
    52 week high today (although essentially where it hit in early january before falling back). Thomas, thinking of paring back at all?
  • M
    Michael Cho
    Michael Cho
    Earnings release should be this upcoming Friday before the open. SInce there was a solid $12M backlog build last Quarter I'm expecting Revenue to come in around $60-$62M and EPS in the $0.60 - 0.65 range. Should have a positive impact on s
  • Y
    Yahoo Finance Insights
    Yahoo Finance Insights
    HURC is up 5.31% to 33.70
  • Y
    Yahoo Finance Insights
    Yahoo Finance Insights
    HURC is up 5.04% to 31.25
  • J
    JeffreyT
    JeffreyT
    Unheard of volume today. Smoke signal?
  • T
    Thomas
    Thomas
    Good volume today -- sizeable blocks (likely institutional) going off close to the Ask -- good sign for upward $price drift
  • T
    Thomas
    Thomas
    To get a sense of the strength of global growth rates for machine tool arena (generally) ... look at HDNG's Q1 relse today .... Europe orders up +24% while US was flat (Y-O-Y for Q1) .... with HURC's out-sized order book most heavily determined by European markets this is an affirmation how strong the EU machine tool sector has become. Have a good weekend.
  • T
    Thomas
    Thomas
    Manufacturing Indexes reported yesterday/today in the UK, Germany and across the EU remained in the previous month range which is the highest since April 2011. Very bullish for HURC order activity.
  • S
    Steve-382
    Steve-382
    Still seems like the share price is too low. $185M market cap, $55M in cash, so selling for $130M. Profits last 3 years averaged over $20M per year. Also selling at about 0.5 times sales. Oh well, just talking my book.