Aegean Marine Petroleum Network
The 10-second takeaway
For the quarter ended June 30 (Q2), Aegean Marine Petroleum Network beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank.
Gross margins increased, operating margins expanded, net margins dropped.
Aegean Marine Petroleum Network reported revenue of $1.89 billion. The two analysts polled by S&P Capital IQ wanted to see a top line of $1.75 billion on the same basis. GAAP reported sales were 6.4% higher than the prior-year quarter's $1.77 billion.
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 four earnings estimates compiled by S&P Capital IQ averaged $0.15 per share. GAAP EPS of $0.06 for Q2 were 14% lower than the prior-year quarter's $0.07 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 4.2%, 40 basis points better than the prior-year quarter. Operating margin was 1.0%, 40 basis points better than the prior-year quarter. Net margin was 0.1%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.83 billion. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $7.28 billion. The average EPS estimate is $0.73.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 572 members out of 592 rating the stock outperform, and 20 members rating it underperform. Among 76 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Aegean Marine Petroleum Network a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aegean Marine Petroleum Network is buy, with an average price target of $9.25.
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