Patriot Transportation Holding
The 10-second takeaway
For the quarter ended June 30 (Q3), Patriot Transportation Holding beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased.
Gross margins contracted, operating margins contracted, and net margins expanded.
Patriot Transportation Holding reported revenue of $33.0 million. The two analysts polled by S&P Capital IQ looked for sales of $32.7 million on the same basis. GAAP reported sales were 3.4% higher than the prior-year quarter's $31.9 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 $0.28. The two earnings estimates compiled by S&P Capital IQ averaged $0.25 per share. GAAP EPS of $0.28 for Q3 were 12% higher than the prior-year quarter's $0.25 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 13.2%, 120 basis points worse than the prior-year quarter. Operating margin was 13.2%, 70 basis points worse than the prior-year quarter. Net margin was 8.1%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $32.1 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $126.4 million. The average EPS estimate is $0.85.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with seven members rating the stock outperform and 22 members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), one give Patriot Transportation Holding a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Patriot Transportation Holding is hold, with an average price target of $30.00.
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