Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in North America, Europe, Asia, and internationally.
The company delivered adjusted earnings per share of 59 cents in fourth-quarter 2017, ahead of the Zacks Consensus Estimate of 39 cents. Earnings per share rose 25.5% year over year from 47 cents recorded in fourth-quarter 2016.
Revenue: Milacron Holdings posted revenues of $324.9 million, ahead of the Zacks Consensus Estimate for revenues of $303 million.
Outlook: Milacron Holdings forecasted that its sales growth in 2018 will be in the range of 2-4%, which included an anticipated benefit of 1% from foreign currency translation. The company also guided adjusted EBITDA range of $237-$243 million for the full year.
Earnings Estimates Revision: Investors should note that the earnings estimate revisions for Milacron Holdings has remained stabled prior to the earnings release. The Zacks Consensus Estimate currently stands at 39 cents for the fourth quarter.
In the past four quarters, the company managed to beat the Zacks Consensus Estimate on three occasions and came in line in one quarter. The company has an average positive surprise of 12.81%.
Zacks Rank: Currently, Milacron Holdings has a Zacks Rank #3 (Hold). But that could change following Milacron Holdings’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Milacron Holdings’ shares gained around 3.2% in pre-market trading following the release, at the time of this write-up.
Check back later for our full write up on this Milacron Holdings earnings report later!
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Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in North America, Europe, Asia, and internationally.
The company delivered adjusted earnings per share of 59 cents in fourth-quarter 2017, ahead of the Zacks Consensus Estimate of 39 cents. Earnings per share rose 25.5% year over year from 47 cents recorded in fourth-quarter 2016.
Revenue: Milacron Holdings posted revenues of $324.9 million, ahead of the Zacks Consensus Estimate for revenues of $303 million.
Outlook: Milacron Holdings forecasted that its sales growth in 2018 will be in the range of 2-4%, which included an anticipated benefit of 1% from foreign currency translation. The company also guided adjusted EBITDA range of $237-$243 million for the full year.
Earnings Estimates Revision: Investors should note that the earnings estimate revisions for Milacron Holdings has remained stabled prior to the earnings release. The Zacks Consensus Estimate currently stands at 39 cents for the fourth quarter.
In the past four quarters, the company managed to beat the Zacks Consensus Estimate on three occasions and came in line in one quarter. The company has an average positive surprise of 12.81%.
Zacks Rank: Currently, Milacron Holdings has a Zacks Rank #3 (Hold). But that could change following Milacron Holdings’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Milacron Holdings’ shares gained around 3.2% in pre-market trading following the release, at the time of this write-up.
Check back later for our full write up on this Milacron Holdings earnings report later!
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>