Diamond Hill Investment Group
The 10-second takeaway
For the quarter ended March 31 (Q1), Diamond Hill Investment Group beat expectations on revenues and earnings per share.
Compared with the prior-year quarter, revenue increased slightly and GAAP earnings per share increased significantly.
Margins grew across the board.
Diamond Hill Investment Group recorded revenue of $16.6 million. The one analyst polled by S&P Capital IQ anticipated revenue of $15.8 million on the same basis. GAAP reported sales were 1.0% higher than the prior-year quarter's $16.4 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 $1.52. The one earnings estimate compiled by S&P Capital IQ predicted $1.44 per share. GAAP EPS of $1.52 for Q1 were 19% higher than the prior-year quarter's $1.28 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 44.9%, 420 basis points better than the prior-year quarter. Operating margin was 36.2%, 310 basis points better than the prior-year quarter. Net margin was 27.8%, 570 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $15.6 million. On the bottom line, the average EPS estimate is $1.41.
Next year's average estimate for revenue is $61.8 million. The average EPS estimate is $5.60.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 180 members out of 187 rating the stock outperform, and seven members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Diamond Hill Investment Group a green thumbs-up, and two give it a red thumbs-down.
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