Ampco-Pittsburgh Increases Sales but Misses Estimates on Earnings
Ampco-Pittsburgh (NYS: AP) reported earnings on Feb. 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ampco-Pittsburgh beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share improved.
Gross margins dropped, operating margins contracted, net margins grew.
Ampco-Pittsburgh booked revenue of $86.5 million. The one analyst polled by S&P Capital IQ wanted to see sales of $73.3 million. Sales were 5.3% higher than the prior-year quarter's $82.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.17. The one earnings estimate compiled by S&P Capital IQ predicted $0.24 per share. GAAP EPS were $0.17 for Q4 against -$0.94 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 8.1%, 1,790 basis points worse than the prior-year quarter. Operating margin was 8.1%, 110 basis points worse than the prior-year quarter. Net margin was 2.0%, 1,370 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $81.4 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $321.3 million. The average EPS estimate is $1.78.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 267 members out of 275 rating the stock outperform, and eight members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 give Ampco-Pittsburgh a green thumbs-up, and two give it a red thumbs-down.
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At the time this article was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Ampco-Pittsburgh. Motley Fool newsletter services have recommended buying shares of Ampco-Pittsburgh. 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.
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