The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Aceto missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share was unchanged.
Margins shrank across the board.
Aceto reported revenue of $114.0 million. The two analysts polled by S&P Capital IQ expected to see a top line of $125.3 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.17. The two earnings estimates compiled by S&P Capital IQ anticipated $0.21 per share. GAAP EPS of $0.17 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 18.2%, 40 basis points worse than the prior-year quarter. Operating margin was 5.8%, 60 basis points worse than the prior-year quarter. Net margin was 4.0%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $139.6 million. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $512.8 million. The average EPS estimate is $0.85.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 249 members out of 258 rating the stock outperform, and nine members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Aceto a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aceto is buy, with an average price target of $12.50.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Aceto. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Aceto to My Watchlist.