The 10-second takeaway
For the quarter ended March 31 (Q1), B/E Aerospace beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share expanded significantly. GAAP earnings per share grew significantly.
Gross margins were steady, operating margins grew, net margins grew.
B/E Aerospace booked revenue of $842.2 million. The 17 analysts polled by S&P Capital IQ expected sales of $807.7 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $747.3 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 $0.90. The 15 earnings estimates compiled by S&P Capital IQ anticipated $0.80 per share. Non-GAAP EPS of $0.90 for Q1 were 34% higher than the prior-year quarter's $0.67 per share. GAAP EPS of $0.87 for Q1 were 30% higher than the prior-year quarter's $0.67 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 37.9%, much about the same as the prior-year quarter. Operating margin was 18.2%, 30 basis points better than the prior-year quarter. Net margin was 10.7%, 150 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $832.3 million. On the bottom line, the average EPS estimate is $0.84.
Next year's average estimate for revenue is $3.39 billion. The average EPS estimate is $3.46.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 574 members out of 595 rating the stock outperform, and 21 members rating it underperform. Among 144 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 139 give B/E Aerospace a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on B/E Aerospace is outperform, with an average price target of $60.76.
Looking for alternatives to B/E Aerospace? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add B/E Aerospace to My Watchlist.