The 10-second takeaway
For the quarter ended March 31 (Q2), Hillenbrand 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 significantly.
Margins dropped across the board.
Hillenbrand recorded revenue of $259.7 million. The three analysts polled by S&P Capital IQ foresaw sales of $251.4 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $230.0 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 $0.50. The three earnings estimates compiled by S&P Capital IQ averaged $0.50 per share. GAAP EPS of $0.44 for Q2 were 17% lower than the prior-year quarter's $0.53 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 40.2%, 410 basis points worse than the prior-year quarter. Operating margin was 16.9%, 440 basis points worse than the prior-year quarter. Net margin was 10.6%, 370 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $235.6 million. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $971.7 million. The average EPS estimate is $1.81.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 331 members out of 336 rating the stock outperform, and five members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 101 give Hillenbrand 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 Hillenbrand is outperform, with an average price target of $27.67.
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