The 10-second takeaway
For the quarter ended March 31 (Q3), Buckeye Technologies missed estimates on revenues and earnings per share.
Compared with the prior-year quarter, revenue shrank and GAAP earnings per share shrank.
Gross margins increased, operating margins expanded, net margins shrank.
Buckeye Technologies chalked up revenue of $217.1 million. The four analysts polled by S&P Capital IQ expected sales of $227.1 million on the same basis. GAAP reported sales were 8.7% lower than the prior-year quarter's $237.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.67. The five earnings estimates compiled by S&P Capital IQ averaged $0.69 per share on the same basis. GAAP EPS of $0.64 for Q3 were 8.6% lower than the prior-year quarter's $0.70 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 24.3%, 10 basis points better than the prior-year quarter. Operating margin was 19.2%, 70 basis points better than the prior-year quarter. Net margin was 11.9%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $230.1 million. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $929.2 million. The average EPS estimate is $2.90.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 157 members out of 164 rating the stock outperform, and seven members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Buckeye Technologies a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Buckeye Technologies is outperform, with an average price target of $39.13.
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