Titanium Metal Earnings

Titanium Metals reported earnings on Aug. 8. Here are the numbers you need to know.

The 10-second takeawayFor 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.

Revenue detailsTitanium 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 detailsEPS 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.

Margin detailsFor 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.

Looking aheadNext 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.

Investor sentimentThe 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.

Information: http://www.msnbc.msn.com/