UBS Maintains a 'Neutral' on Molex (MOLX); Modest Reset To Price Target & Estimates
MOLX Hot Sheet
Rating Summary:1 Buy, 6 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 7 | New: 26
UBS maintains a 'Neutral' on Molex Incorporated (NASDAQ: MOLX) price target raised from $24 to $26.
UBS analyst said, "Following 2Q (Dec qtr) results, we lower our ests ~8-9%. Revs for 3Q will now decline 1.5% q/q (prev. -2.5%), with Revs/EPS of $845m/$0.34 ($867m/$0.38 prev). For FY12/FY13, we foresee Revs/EPS of $3.5b/$1.58 and $3.7b/$1.73 resp., vs. $3.6b/$1.70 and $3.8b/$1.89, prev. We foresee OM of 10.8% (was 11.4%) for 3Q, and 11.9%/12.5% for FY12/FY13, resp., down from 12.3%/13.0%, previously. Btb in the Dec qtr was 0.95x, down slightly from 0.97 in the Sept qtr."
"At just under 15x CY13E PE (though 6x EBITDA), we find the risk-reward profile balanced and retain our Neutral rating. With a 3% dividend yield ($0.80/share), the stock may be attractive for income-seeking investors."
For an analyst ratings summary and ratings history on Molex Incorporated click here. For more ratings news on Molex Incorporated click here.
Shares of Molex Incorporated closed at $26.52 yesterday, with a 52 week range of $18.50-$28.51.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
UBS analyst said, "Following 2Q (Dec qtr) results, we lower our ests ~8-9%. Revs for 3Q will now decline 1.5% q/q (prev. -2.5%), with Revs/EPS of $845m/$0.34 ($867m/$0.38 prev). For FY12/FY13, we foresee Revs/EPS of $3.5b/$1.58 and $3.7b/$1.73 resp., vs. $3.6b/$1.70 and $3.8b/$1.89, prev. We foresee OM of 10.8% (was 11.4%) for 3Q, and 11.9%/12.5% for FY12/FY13, resp., down from 12.3%/13.0%, previously. Btb in the Dec qtr was 0.95x, down slightly from 0.97 in the Sept qtr."
"At just under 15x CY13E PE (though 6x EBITDA), we find the risk-reward profile balanced and retain our Neutral rating. With a 3% dividend yield ($0.80/share), the stock may be attractive for income-seeking investors."
For an analyst ratings summary and ratings history on Molex Incorporated click here. For more ratings news on Molex Incorporated click here.
Shares of Molex Incorporated closed at $26.52 yesterday, with a 52 week range of $18.50-$28.51.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- Canaccord Genuity Reiterates a 'Buy' on InterMune Inc. (ITMN); Reducing Estimates and PT
- Barclays Adjusting Estimates on Coca-Cola (KO); Seeing A More Well-Balanced Portfolio
- Barclays Cuts PT and Estimates on Dell (DELL); Apple's (AAPL) Momentum Proves Disrupting
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
UBS, DividendSign 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!
