Milacron Holdings Corp. MCRN manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in North America, Europe, Asia, and internationally.
Milacron’s revenue growth will be driven by underlying market growth in key segments, geographic expansion of certain product lines, continued penetration of hot runners, and incremental share gain from new products. The company’s breakthrough Klear Can technology will be a game changer given its edge over traditional metal clans. Milacron’s cost-reduction initiatives will aid margins. However, pricing pressure in the Advanced Plastic Processing Technologies segment and impact of unfavorable foreign currency remain concerns.
We have highlighted some of the key stats from this just revealed announcement below:
Estimate Trend & Surprise History: Investors should note that the earnings estimate revisions for Milacron Holdings depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 30 days and currently stands at 38 cents for the third quarter.
In the past four quarters, the company managed to beat the Zacks Consensus Estimate on 3 occasions. The company has an average positive surprise of 5.14%.
MILACRON HLDGS Price and EPS Surprise
MILACRON HLDGS Price and EPS Surprise | MILACRON HLDGS Quote
Earnings: Milacron Holdings missed on third quarter earnings estimates. Our consensus called for EPS of 38 cents, and the company reported adjusted EPS of 36 cents.
Revenue: Milacron Holdings posted revenues of $292 million which also fell short of the Zacks Consensus Estimate for revenues of $301.5 million.
Key Developments to Note: Milacron Holdings expects sales to be between $1,170 to $1,175 million and adjusted EBITDA in the range of $209 to $212 million in 2016.
Zacks Rank: Currently, Milacron Holdings has a Zacks Rank #3 (Hold). But that could change following Milacron Holdings’ earnings report which was just released.
Market Reaction: Milacron Holdings’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Milacron Holdings earnings report later!
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