James:
TTN
There is alot happening with TTN today:
datek.newsalert.com
TABLE-Titan Corp Q1 net falls after charge
May 12, 1998 06:04 AM
SAN DIEGO, May 12 (Reuters) -
(in thousands, except per share data)
Three months ended March 31,1998 1997(a)
Revenues $43,979 $48,721
Costs and expenses:
Cost of revenues 33,836 38,266
Selling, general and administrative expense
5,044 5,884
Research expense 1,518 1,607
Total costs and expenses40,398 45,757
Operating profit before special charge 3,581 2,964
Special charges (a) (1,460) ---
Interest expense -- net(1,218) (1,133)
Income from continuing operations
before income taxes 903 1,831
Income tax provision 316 641
Income from continuing operations 587 1,190
Loss from discontinued operation, net of taxes --- (343)
Net income 587 847
Dividend requirements on preferred stock 219 219
Net income applicable to common stock 368 628
Basic earnings per share:
Income from continuing operations .02 .04
Loss from discontinued operation --- (.01)
Net income .02 .03
Weighted average shares 22,864 22,204
Diluted earnings per share:
Income from continuing operations .02 .04
Loss from discontinued operation --- (.01)
Net income .02 .03
Weighted average shares 23,533 22,302
(a) Results for 1997 have been restated to include results of operations of DBA Systems, Inc., which was merged into the Company on February 27, 1998, and accounted for as a pooling of interests. The specialcharges in 1998 primarily represent the costs and expenses related to this merger.
(in thousands of dollars)
Three Months Ended March 31,1998 1997(a)
Revenues:
Information Technologies $25,488 $29,352
Communications Systems 11,898 11,025
Software Systems 3,491 4,039
Medical Sterilization andFood Pasteurization1,947 1,145
Emerging Technologies and Businesses 1,155 3,160
Operating Profit (Loss) Before Special Charges:
Information Technologies 3,828 2,692
Communications Systems 796 131
Software Systems 648 775
Medical Sterilization and Food Pasteurization 208 (26)
Emerging Technologies and Businesses (431) 306
Segment operating profit before Corporate 5,049 3,878
(a) Restated to include results of operations of DBA Systems, Inc., which was merged into the Company on February 27, 1998, and accounted for a pooling of interests. 1998 operating results above exclude a one-time nonrecurring charge of $1,460 for merger expenses.
Now some MS investor advisories:
Research alerts for Titan Corporation On 5/8/98: Analysis of the most recent financial results for TTN shows that the company's income per employee has been at least 10% above its industry average.
Since 4/21/98: The price-earnings (P/E) ratio for TTN has been less than its average next year's projected earnings growth rate. For small and mid-cap stocks in particular, this is generally considered as a sign that a company may be undervalued.
As recently as 1/15/1998: TTN's price-earnings (P/E) ratio of 12.50 has been at least 25% below its industry's average.
As recently as 1/15/1998: Analysis shows that the price-to-sales ratio (PSR) of TTN has been at least 25% below its industry's average. A PSR significantly below the industry average is one tool sometimes used to begin a search for undervalued stocks.
Sorry for the run on post!
IsaacF1 |
