The 10-second takeaway
For the quarter ended March 31 (Q1), Titanium Metals met expectations on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped.
Gross margin expanded, operating margin increased, and net margin shrank.
Titanium Metals booked revenue of $276.7 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $274.9 million on the same basis. GAAP reported sales were 9.8% higher than the prior-year quarter's $252.0 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 $0.15. The five earnings estimates compiled by S&P Capital IQ anticipated $0.16 per share. GAAP EPS of $0.15 for Q1 were 6.3% lower than the prior-year quarter's $0.16 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 21.1%, 200 basis points better than the prior-year quarter. Operating margin was 15.2%, 150 basis points better than the prior-year quarter. Net margin was 9.3%, 220 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $286.3 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $1.19 billion. The average EPS estimate is $0.74.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,554 members out of 2,643 rating the stock outperform, and 89 members rating it underperform. Among 642 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 629 give Titanium Metals a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Titanium Metals is outperform, with an average price target of $17.17.
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