Hanger (NYSE: HGR ) reported earnings on Aug. 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Hanger met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share expanded.
Margins improved across the board.
Hanger booked revenue of $251.8 million. The four analysts polled by S&P Capital IQ predicted revenue of $249.3 million on the same basis. GAAP reported sales were 7.2% higher than the prior-year quarter's $234.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.50. The four earnings estimates compiled by S&P Capital IQ averaged $0.49 per share. GAAP EPS of $0.50 for Q2 were 11% higher than the prior-year quarter's $0.45 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.9%, 160 basis points better than the prior-year quarter. Operating margin was 14.2%, 20 basis points better than the prior-year quarter. Net margin was 6.9%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $249.9 million. On the bottom line, the average EPS estimate is $0.50.
Next year's average estimate for revenue is $981.9 million. The average EPS estimate is $1.77.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 104 members out of 110 rating the stock outperform, and six members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Hanger a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hanger is buy, with an average price target of $28.75.
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