Needham & Company Reiterates a 'Buy' on Measurement Specialties (MEAS); Healthy Outlook & Margin Expansion

June 8, 2012 7:39 AM EDT
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Price: $86.00 --0%

Rating Summary:
    0 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Needham & Company reiterates a 'Buy' on Measurement Specialties (NASDAQ: MEAS) price target of $38.00 (from $36.00).

Analyst, Sean K.F. Hannan, said, "Overall, MEAS is experiencing generally solid bookings and upward revenue trajectory due to its diversified portfolio of high-technology sensor offerings in addition to recent strategic acquisitions. Further, we expect SCR-related opportunities (i.e., urea quality, dosing and level), other “next generation” sensor products, and tuck-in deals to continue to drive double-digit long-term growth as well as some incremental margin expansion."

"Our F1Q estimates become $88.0M in revs., $17.1M EBITDA, and $0.53, vs. prior $85.0M, $15.3M, and $0.45. Our F13 of $355M, $63M & $2.04 revised to $360M, $72M & $2.15. Introducing F14 of $395M in revs., $80M EBITDA and $2.36."

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

Shares of Measurement Specialties closed at $32.53 yesterday.

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