Barclays Maintains an 'Equalweight' on Lincare Holdings (LNCR); June Quarter Margins Disappointing, but Should Expand

Barclays maintains an 'Equalweight' on Lincare Holdings (NASDAQ: LNCR), PT lowered from $34 to $31.

Barclays analyst says, "Last night, LNCR reported 2Q11 results with EPS of $0.45, below our $0.50 estimate and the consensus estimate of $0.51. The results were disappointing, in our view, with EBITDA margin coming in at 24.5%, well below our estimate of 26.0% and the consensus margin of 26.4%. However, we are optimistic that the results for the second quarter represent a near-term bottom in the company's margins...We are lowering our 2011 EPS estimate to $1.94 (down from $2.07) and lowering 2012 to $2.27 (down from $2.31)."

For more ratings news on Lincare Holdings click here and for the rating history of Lincare Holdings click here.

Shares of Lincare Holdings closed at $28.49 yesterday.

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