Ticonderoga Maintains a 'Neutral' on Molex (MOLX); Shows Further Progress with Modest Upside
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Price: $29.74 -2.24%
Rating Summary:
2 Buy, 8 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
2 Buy, 8 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade MOLX Now!
Ticonderoga maintains a 'Neutral' on Molex Incorporated (NASDAQ: MOLX).
Ticonderoga analyst says, "Looking into 3QFY11, Molex expects sales of $850-$890 million compared and pro forma EPS of $0.39 to $0.43 (Street at $0.40). At the mid-point of the outlook, sales are expected to decline by 3.5% Q/Q (vs. 13-yr average of down over 2%). For 3QFY11, we are raising our revenue estimate to $878 million from $863 million, while maintaining our pro forma EPS projection at $0.42. For FY11, we are raising our revenue estimate to $3.587 billion from $3.55 billion, while raising our pro forma EPS estimate to $1.80 from $1.79."
For more ratings news on Molex Incorporated click here and for the rating history of Molex Incorporated click here.
Shares of Molex Incorporated closed at $25.34 yesterday, with a 52 week range of $17.50-$26.07.
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Ticonderoga analyst says, "Looking into 3QFY11, Molex expects sales of $850-$890 million compared and pro forma EPS of $0.39 to $0.43 (Street at $0.40). At the mid-point of the outlook, sales are expected to decline by 3.5% Q/Q (vs. 13-yr average of down over 2%). For 3QFY11, we are raising our revenue estimate to $878 million from $863 million, while maintaining our pro forma EPS projection at $0.42. For FY11, we are raising our revenue estimate to $3.587 billion from $3.55 billion, while raising our pro forma EPS estimate to $1.80 from $1.79."
For more ratings news on Molex Incorporated click here and for the rating history of Molex Incorporated click here.
Shares of Molex Incorporated closed at $25.34 yesterday, with a 52 week range of $17.50-$26.07.
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