Canaccord Genuity Maintains a 'Hold' on ESCO Technologies (ESE); Timing on Test Drives the Quarter, but Trends Stay Positive
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Price: $287.24 +0.94%
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on ESCO Technologies (NYSE: ESE), PT $39.
Canaccord analyst says, "Smart Grid investments (people and products) get more emphasis near term, while Filtration and Test benefited from some pull forward of business into H1/11. While EPS is more back end loaded in Q4, we like the execution and tone here. That said, we find risk/reward balanced at current levels."
"Importantly, the company reported an in-line book-to-bill of 1:1, while reiterating prior F2011 guidance (revenue of $668M-$698M and GAAP EPS of $1.85-$1.93)...Even with more back-end-loaded costs, we find guidance beatable. Our 2011 revenue/EPS estimates get revised to $688.7M/$2.00 from $690.9M/$2.00. Our F2012 estimates remain intact at $745M/$2.45."
For more ratings news on ESCO Technologies click here and for the rating history of ESCO Technologies click here.
Shares of ESCO Technologies closed at $37.07 yesterday.
Canaccord analyst says, "Smart Grid investments (people and products) get more emphasis near term, while Filtration and Test benefited from some pull forward of business into H1/11. While EPS is more back end loaded in Q4, we like the execution and tone here. That said, we find risk/reward balanced at current levels."
"Importantly, the company reported an in-line book-to-bill of 1:1, while reiterating prior F2011 guidance (revenue of $668M-$698M and GAAP EPS of $1.85-$1.93)...Even with more back-end-loaded costs, we find guidance beatable. Our 2011 revenue/EPS estimates get revised to $688.7M/$2.00 from $690.9M/$2.00. Our F2012 estimates remain intact at $745M/$2.45."
For more ratings news on ESCO Technologies click here and for the rating history of ESCO Technologies click here.
Shares of ESCO Technologies closed at $37.07 yesterday.
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