Compass Point Reiterates a 'Neutral' on MICROS Systems (MCRS); Raising Estimates as FY13 Should Be Even Better
Tweet Send to a FriendGet Alerts MCRS Hot Sheet
Price: $43.41 --0%
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 20 | Down: 41 | New: 13
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 20 | Down: 41 | New: 13
Trade MCRS Now!
Compass Point reiterates a 'Neutral' on MICROS Systems (NASDAQ: MCRS) price target of $50.00.
Analyst, Douglas Greiner, said, "We revise our FY13 EPS estimate to $2.40 ($2.33 previously) and introduce a FY14 EPS estimate of $2.79. This year’s revenue was $1.1 billion and Adjusted EPS was $2.22 – each a record. Next year’s performance is expected to be better, as the company introduced guidance of $1.3-$1.325 billion in revenue and $2.40-$2.44 in Adjusted EPS. Next year’s guidance compares to FY16 guidance of $2.0 billion in revenue and $4.00-$5.00 in Adjusted EPS. The company has set and met expectations of doubling the business before. However, with the shares trading at +20x our estimate of this year’s EPS we prefer to wait to own growth at a more reasonable price."
For an analyst ratings summary and ratings history on MICROS Systems click here. For more ratings news on MICROS Systems click here.
Shares of MICROS Systems closed at $51.70 yesterday, with a 52 week range of $41.11-$58.49.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Douglas Greiner, said, "We revise our FY13 EPS estimate to $2.40 ($2.33 previously) and introduce a FY14 EPS estimate of $2.79. This year’s revenue was $1.1 billion and Adjusted EPS was $2.22 – each a record. Next year’s performance is expected to be better, as the company introduced guidance of $1.3-$1.325 billion in revenue and $2.40-$2.44 in Adjusted EPS. Next year’s guidance compares to FY16 guidance of $2.0 billion in revenue and $4.00-$5.00 in Adjusted EPS. The company has set and met expectations of doubling the business before. However, with the shares trading at +20x our estimate of this year’s EPS we prefer to wait to own growth at a more reasonable price."
For an analyst ratings summary and ratings history on MICROS Systems click here. For more ratings news on MICROS Systems click here.
Shares of MICROS Systems closed at $51.70 yesterday, with a 52 week range of $41.11-$58.49.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UBS Raises PT on Tesoro (TSO)
- Jefferies Raises PT on Aeropostale (ARO) Ahead of Q1
- Goldman Sachs Upgrades Meritor (MTOR) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View
Login with Facebook
Sign 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!
