The 10-second takeaway
For the quarter ended March 31 (Q1), Jarden beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share expanded significantly.
Margins expanded across the board.
Jarden booked revenue of $1.50 billion. The six analysts polled by S&P Capital IQ expected a top line of $1.47 billion on the same basis. GAAP reported sales were 0.8% higher than the prior-year quarter's $1.48 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 $0.41. The four earnings estimates compiled by S&P Capital IQ forecast $0.39 per share. GAAP EPS of $0.41 for Q1 were 95% higher than the prior-year quarter's $0.21 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 28.1%, 70 basis points better than the prior-year quarter. Operating margin was 6.8%, 50 basis points better than the prior-year quarter. Net margin was 2.3%, 100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.70 billion. On the bottom line, the average EPS estimate is $1.02.
Next year's average estimate for revenue is $6.77 billion. The average EPS estimate is $4.00.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 114 members out of 129 rating the stock outperform, and 15 members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Jarden a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jarden is outperform, with an average price target of $48.25.
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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. 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.