Needham & Company Maintains a 'Hold' on Park Electrochemical (PKE);
Tweet Send to a FriendGet Alerts PKE Hot Sheet
Price: $24.20 -0.66%
Rating Summary:
1 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 35 | New: 12
Rating Summary:
1 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 35 | New: 12
Trade PKE Now!
Needham & Company maintains a 'Hold' on Park Electrochemical (NYSE: PKE).
Analyst, Sean K.F. Hannan, said, "PKE is facing a PCB demand environment that is partially subdued by the sluggish telecom/datacom spending (already well known). New products and eventual elimination of cost redundancies in the Advanced Composite business should aid the model in 2HF13 without a notable reliance on broader demand recovery, but at present we believe PKE remains growth-challenged."
"Our F1Q estimate becomes $45M & $0.21 (incl. opt.), vs. prior $51.3M & $0.37. F13 now $194M & $1.18, vs. prior $212M & $1.63. New F14 est. of $214M & $1.64."
For an analyst ratings summary and ratings history on Park Electrochemical click here. For more ratings news on Park Electrochemical click here.
Shares of Park Electrochemical closed at $26.05 yesterday, with a 52 week range of $19.44-$32.69.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Sean K.F. Hannan, said, "PKE is facing a PCB demand environment that is partially subdued by the sluggish telecom/datacom spending (already well known). New products and eventual elimination of cost redundancies in the Advanced Composite business should aid the model in 2HF13 without a notable reliance on broader demand recovery, but at present we believe PKE remains growth-challenged."
"Our F1Q estimate becomes $45M & $0.21 (incl. opt.), vs. prior $51.3M & $0.37. F13 now $194M & $1.18, vs. prior $212M & $1.63. New F14 est. of $214M & $1.64."
For an analyst ratings summary and ratings history on Park Electrochemical click here. For more ratings news on Park Electrochemical click here.
Shares of Park Electrochemical closed at $26.05 yesterday, with a 52 week range of $19.44-$32.69.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Michael Kors (KORS) Under-Appreciated; Canaccord Genuity Starts at Buy
- UPDATE: BTIG Starts ING U.S (VOYA) at Buy, Shares 'Significantly Undervalued'
- Brean Capital Raises Onyx (ONXX) Price Target to $115
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Needham & Company
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
