The 10-second takeaway
For the quarter ended June 29 (Q2), Altra Holdings missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share contracted. GAAP earnings per share stayed the same.
Gross margins expanded, operating margins shrank, net margins increased.
Altra Holdings tallied revenue of $181.1 million. The seven analysts polled by S&P Capital IQ expected net sales of $188.2 million on the same basis. GAAP reported sales were 3.6% lower than the prior-year quarter's $187.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.41. The seven earnings estimates compiled by S&P Capital IQ averaged $0.47 per share. Non-GAAP EPS of $0.41 for Q2 were 2.4% lower than the prior-year quarter's $0.42 per share. GAAP EPS of $0.40 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 30.0%, 20 basis points better than the prior-year quarter. Operating margin was 10.3%, 100 basis points worse than the prior-year quarter. Net margin was 5.9%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $177.3 million. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $724.3 million. The average EPS estimate is $1.63.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 100 members out of 106 rating the stock outperform, and six members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Altra Holdings a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Altra Holdings is outperform, with an average price target of $30.40.
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