Becton, Dickinson and
The 10-second takeaway
For the quarter ended March 31 (Q2), Becton, Dickinson and beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share didn't change.
Margins dropped across the board.
Becton, Dickinson and recorded revenue of $1.99 billion. The 16 analysts polled by S&P Capital IQ anticipated revenue of $1.94 billion on the same basis. GAAP reported sales were 3.6% higher than the prior-year quarter's $1.92 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 $1.38. The 20 earnings estimates compiled by S&P Capital IQ anticipated $1.38 per share. GAAP EPS of $1.38 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 51.2%, 90 basis points worse than the prior-year quarter. Operating margin was 20.4%, 250 basis points worse than the prior-year quarter. Net margin was 14.6%, 160 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.00 billion. On the bottom line, the average EPS estimate is $1.52.
Next year's average estimate for revenue is $7.88 billion. The average EPS estimate is $5.66.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,126 members out of 1,146 rating the stock outperform, and 20 members rating it underperform. Among 333 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 331 give Becton, Dickinson and 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 Becton, Dickinson and is hold, with an average price target of $80.93.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Becton. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.