Net income for the second quarter of fiscal year 2012 is estimated at $233.61 million on sales of $1.54 billion, vs. $202.7 million recorded on $1.2 billion sales for the same period in 2010, as per analysts polled by Bloomberg. Earnings per share are forecast at 59 cents for the quarter, up 14% from 52 cents in the year-ago quarter. Operating profit is seen rising 43% to $282.96 million. Return on equity and assets are seen expanding by 227 and 205 basis points to 23.67% and 10.93% respectively. Cash flow per share is forecasted more than double to $2.43.
Of the 39 analysts covering the stock, 62% recommend a buy and the rest suggest a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain almost 17.8% to $49.35 from current levels over the next 12 months.