Jefferies Lowers Numbers on DryShips (DRYS)

March 8, 2013 8:25 AM EST Send to a Friend
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Price: $0.83 -1.19%

Rating Summary:
    5 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 19 | New: 37
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Jefferies lowered estimates and its price target on Hold-rated DryShips (NASDAQ: DRYS) from $2.50 to $2 following Q4 results that were below the firm's estimates and the consensus due to higher than expected operating expenses in the Company's drilling subsidiary.

FY13 EPS goes down from ($0.24) to ($0.29) and FY14 goes from $0.57 to $0.45.

For an analyst ratings summary and ratings history on DryShips click here. For more ratings news on DryShips click here.

Shares of DryShips closed at $1.91 yesterday.

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