Precision Castparts First Quarter Fiscal 2016 Earnings
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Precision Castparts (PCP) PT Trimmed to $230 at RBC Capital
July 29, 2015 8:21 AM UTCRBC Capital analyst Robert Stallard trimmed his price target on Precision Castparts (NYSE: PCP) to $230.00 (from $232.00) following results but maintained an Outperform rating.
The firm lowered FY16 EPS estimate from $13.03 to $12.39, which puts them towards the bottom end of... More
Precision Castparts (PCP) Misses Q1 EPS by 13c, Lowers FY EPS Guidance
July 28, 2015 6:39 AM UTCPrecision Castparts (NYSE: PCP) reported Q1 EPS of $2.87, $0.13 worse than the analyst estimate of $3.00. Revenue for the quarter came in at $2.41 billion versus the consensus estimate of $2.51 billion.
Precision Castparts sees FY2015 EPS of $12.25-$13.15, versus prior guidance of $12.50-$13.40 and the consensus of $12.77. Precision Castparts sees FY2015 revenue of $10-10.4 million, versus the consensus of $10.20 million.
Operationally, Investment Cast Products delivered solid performance, effectively leveraging volume growth into strong margin expansion versus the first quarter of fiscal 2015, said Mark Donegan, chairman and chief executive officer of Precision Castparts Corp. Industrial gas turbine... More
