The 10-second takeaway
For the quarter ended June 30 (Q2), Titanium Metals missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped.
Margins dropped across the board.
Titanium Metals logged revenue of $281.7 million. The four analysts polled by S&P Capital IQ expected to see a top line of $289.1 million on the same basis. GAAP reported sales were 3.6% higher than the prior-year quarter's $272.0 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 $0.17. The four earnings estimates compiled by S&P Capital IQ forecast $0.16 per share. GAAP EPS of $0.17 for Q2 were 5.6% lower than the prior-year quarter's $0.18 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 21.7%, 140 basis points worse than the prior-year quarter. Operating margin was 15.5%, 160 basis points worse than the prior-year quarter. Net margin was 10.7%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $309.4 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $1.20 billion. The average EPS estimate is $0.70.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,635 members out of 2,725 rating the stock outperform, and 90 members rating it underperform. Among 620 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 609 give Titanium Metals a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Titanium Metals is outperform, with an average price target of $18.17.
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