LMI Aerospace
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), LMI Aerospace missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Margins grew across the board.
Revenue details
LMI Aerospace chalked up revenue of $70.6 million. The four analysts polled by S&P Capital IQ foresaw a top line of $74.6 million on the same basis. GAAP reported sales were 9.1% higher than the prior-year quarter's $64.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.51. The four earnings estimates compiled by S&P Capital IQ predicted $0.49 per share. GAAP EPS of $0.48 for Q3 were 37% higher than the prior-year quarter's $0.35 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 26.3%, 260 basis points better than the prior-year quarter. Operating margin was 12.1%, 180 basis points better than the prior-year quarter. Net margin was 8.0%, 170 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $81.1 million. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $292.6 million. The average EPS estimate is $1.87.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 125 members out of 132 rating the stock outperform, and seven members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give LMI Aerospace a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LMI Aerospace is buy, with an average price target of $27.67.
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