Needham & Company Reiterates a 'Buy' on Measurement Specialties (MEAS); Execution Materializing

August 3, 2012 10:51 AM EDT Send to a Friend
Get Alerts MEAS Hot Sheet
Price: $85.99 --0%

Rating Summary:
    0 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 28 | New: 6
Trade MEAS Now!
Join SI Premium – FREE
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.




You May Also Be Interested In


Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Needham & Company, Earnings

Add Your Comment