Patriot Transportation Holding
The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Patriot Transportation Holding beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Patriot Transportation Holding reported revenue of $32.8 million. The two analysts polled by S&P Capital IQ expected sales of $32.2 million on the same basis. GAAP reported sales were 4.8% higher than the prior-year quarter's $31.3 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 $0.13. The two earnings estimates compiled by S&P Capital IQ anticipated $0.28 per share. GAAP EPS of $0.14 for Q4 were 26% lower than the prior-year quarter's $0.19 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 7.8%, 400 basis points worse than the prior-year quarter. Operating margin was 7.8%, 390 basis points worse than the prior-year quarter. Net margin was 4.1%, 150 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $31.8 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $132.2 million. The average EPS estimate is $0.99.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with seven members out of 26 rating the stock outperform, and 19 members rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), one give Patriot Transportation Holding a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Patriot Transportation Holding is hold, with an average price target of $30.00.
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