Aegean Marine Petroleum Network
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Aegean Marine Petroleum Network met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share grew.
Gross margins grew, operating margins were steady, net margins expanded.
Aegean Marine Petroleum Network logged revenue of $1.83 billion. The three analysts polled by S&P Capital IQ foresaw revenue of $1.83 billion on the same basis. GAAP reported sales were 0.7% lower than the prior-year quarter's $1.84 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 $0.17. The four earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. GAAP EPS were $0.17 for Q3 compared to -$0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 4.1%, 60 basis points better than the prior-year quarter. Operating margin was 0.8%, about the same as the prior-year quarter. Net margin was 0.4%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.88 billion. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $7.41 billion. The average EPS estimate is $0.66.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 567 members out of 589 rating the stock outperform, and 22 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give Aegean Marine Petroleum Network 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 Aegean Marine Petroleum Network is buy, with an average price target of $9.63.
- Add Aegean Marine Petroleum Network to My Watchlist.
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. The Motley Fool has no positions in the stocks mentioned above. 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.