Barclays maintains an 'Equalweight' on Lexmark International (LXK); Execution Issues, Share Losses Equals Negative Impact
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Price: $30.25 -0.82%
Rating Summary:
0 Buy, 4 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
0 Buy, 4 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade LXK Now!
Barclays maintains an 'Equalweight' on Lexmark International (NYSE: LXK), PT $34.
Barclays analyst says, "We are lowering our estimates to account for lower revenues and higher costs. For 2Q, we now estimate EPS of $1.05 (was $1.19) based on a 2% y/y revenue decline to $1.014B (was $1.065B). For FY11 we now expect non-GAAP EPS of $4.34 (was $4.85) on a 2% y/y revenue decline to $4.12B (was $4.3B). For FY12 we now expect non-GAAP EPS of $4.30 (was $4.90) on a 2% y/y revenue decline to $4.05B (was $4.36B)."
For more ratings news on Lexmark International click here and for the rating history of Lexmark International click here.
Shares of Lexmark International closed at $32.76 yesterday, with a 52 week range of $31.69-$48.07.
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Barclays analyst says, "We are lowering our estimates to account for lower revenues and higher costs. For 2Q, we now estimate EPS of $1.05 (was $1.19) based on a 2% y/y revenue decline to $1.014B (was $1.065B). For FY11 we now expect non-GAAP EPS of $4.34 (was $4.85) on a 2% y/y revenue decline to $4.12B (was $4.3B). For FY12 we now expect non-GAAP EPS of $4.30 (was $4.90) on a 2% y/y revenue decline to $4.05B (was $4.36B)."
For more ratings news on Lexmark International click here and for the rating history of Lexmark International click here.
Shares of Lexmark International closed at $32.76 yesterday, with a 52 week range of $31.69-$48.07.
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