Titanium Metals Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Titanium Metals Corp (NYSE:TIE) will unveil its latest earnings on Monday, August 1, 2011. Titanium Metals Corporation is a producer of titanium melted and mill products, titanium sponge, and industrial fabrications.

Titanium Metals Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 16 cents per share, a rise of 45.5% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of 63 cents per share, a rise of 40% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the first quarter, it reported profit of 12 cents per share versus a mean estimate of 14 cents. Two quarters ago, it reported net income of 13 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $266.5 million in revenue this quarter, a rise of 29.6% from the year ago quarter. Analysts are forecasting total revenue of $1.05 billion for the year, a rise of 22.5% from last year’s revenue of $857.2 million.

Analyst Ratings: The limited number of analysts covering the stock seem relatively indifferent about Titanium Metals with two of three analysts surveyed maintaining a hold rating.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 72% while it rose more than fourfold in the fourth quarter of the last fiscal year and 1691.7% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 15.9% to $252 million in first quarter. The figure rose 18.4% in the fourth quarter of the last fiscal year from the year earlier, climbed 15.9% in the third quarter of the last fiscal year from the year-ago quarter and 3.1% in the second quarter of the last fiscal year.

Competitors to Watch: RTI Intl. Metals, Inc. (NYSE:RTI), Allegheny Tech. Inc. (NYSE:ATI), HORSEHEAD HOLDING CORP. (NASDAQ:ZINC).

Stock Price Performance: During June 27, 2011 to July 26, 2011, the stock price had risen $1.30 (7.5%) from $17.31 to $18.61. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine-straight days, rising 13% (+$2.30) over that span. It saw one of its worst periods between May 18, 2011 and May 25, 2011 when shares fell for six-straight days, falling 5.6% (-$1.08) over that span. Shares are up $1.51 (+8.8%) year to date.

(Source: Xignite Financials)

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