Jarden Corp. (JAH) announced the company expects its second-quarter adjusted earnings per share to be in line with current Wall Street analysts' consensus estimate.
On average, 16 analysts polled by Thomson Reuters expect the company to report profit per share of $0.59 for the quarter. Analysts' estimates typically exclude special items.
Jarden expects second-quarter net sales of approximately $2.0 billion, driven by continued organic growth which is expected to exceed the company's 3-5% targeted range. Analysts expect revenue of $1.96 billion for the quarter.
Separately, Jarden announced it has commenced an underwritten public offering of 14 million shares of its common stock. The company expects to use the net proceeds to fund a portion of the purchase price and related fees and expenses for the recently announced acquisition of Waddington Group Inc.
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