Needham & Company Reiterates a 'Buy' on Measurement Specialties (MEAS); Execution Materializing
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Price: $43.52 -0.66%
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade MEAS Now!
Needham & Company reiterates a 'Buy' on Measurement Specialties (NASDAQ: MEAS) price target of $35.00 (from $38.00)
Analyst, Sean K. F. Hannan, said, "Overall, we believe MEAS holds a diverse portfolio of higher-complexity sensor offerings that support healthy bookings and healthy earnings. With strategic product development efforts continually positioning the company with next-gen technologies (i.e., SCR-related products), we expect solid growth to continue (as well as margin expansion)...Our F2Q estimates become $89.0M in revs., $17.6M EBITDA, and $0.20, vs. prior $88.5M, $17.5M, and $0.52. Our F13 remains $360M, $72M & $2.15. Our F14 est. of $395M in revs., $80M EBITDA and $2.36 becomes $393M, $80 & $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 $27.86 yesterday, with a 52 week range of $23.55-$36.63.
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Analyst, Sean K. F. Hannan, said, "Overall, we believe MEAS holds a diverse portfolio of higher-complexity sensor offerings that support healthy bookings and healthy earnings. With strategic product development efforts continually positioning the company with next-gen technologies (i.e., SCR-related products), we expect solid growth to continue (as well as margin expansion)...Our F2Q estimates become $89.0M in revs., $17.6M EBITDA, and $0.20, vs. prior $88.5M, $17.5M, and $0.52. Our F13 remains $360M, $72M & $2.15. Our F14 est. of $395M in revs., $80M EBITDA and $2.36 becomes $393M, $80 & $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 $27.86 yesterday, with a 52 week range of $23.55-$36.63.
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