Barclays Maintains an 'Underweight' on Lexmark International (LXK); Re-Look at the Numbers
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Price: $31.12 +0.97%
Rating Summary:
0 Buy, 4 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
0 Buy, 4 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
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Barclays maintains an 'Underweight' on Lexmark International (NYSE: LXK) price target of $21.00 (from $17.00).
Analyst, Ben A. Reitzes, said, "We are lowering our revenue estimates to account for the exit of the inkjet business while raising our EPS estimates to account for the restructuring and stock repurchase. For 3Q12, we estimate non-GAAP EPS of $0.81 (was $0.75) based on a -12% y/y revenue (was -11%) decline to $915 MM (was $926 million), gross margin of 39.4% (was 38.5%) and operating margin of 9.2% (was 8.5%). For 4Q12, we estimate non-GAAP EPS of $1.07 (was $0.85). For 2013 we now expect non-GAAP EPS of $3.83 (was $3.14) and FY14 non-GAAP EPS of $3.45 (was $3.00)."
For an analyst ratings summary and ratings history on Lexmark International click here. For more ratings news on Lexmark International click here.
Shares of Lexmark International closed at $21.62 yesterday, with a 52 week range of $16.10-$38.34.
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Analyst, Ben A. Reitzes, said, "We are lowering our revenue estimates to account for the exit of the inkjet business while raising our EPS estimates to account for the restructuring and stock repurchase. For 3Q12, we estimate non-GAAP EPS of $0.81 (was $0.75) based on a -12% y/y revenue (was -11%) decline to $915 MM (was $926 million), gross margin of 39.4% (was 38.5%) and operating margin of 9.2% (was 8.5%). For 4Q12, we estimate non-GAAP EPS of $1.07 (was $0.85). For 2013 we now expect non-GAAP EPS of $3.83 (was $3.14) and FY14 non-GAAP EPS of $3.45 (was $3.00)."
For an analyst ratings summary and ratings history on Lexmark International click here. For more ratings news on Lexmark International click here.
Shares of Lexmark International closed at $21.62 yesterday, with a 52 week range of $16.10-$38.34.
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