UBS Maintains a 'Neutral' on ATMI Inc. (ATMI); SDS Rights Acquisition Viewed Positively
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Price: $33.98 --0%
Rating Summary:
0 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
0 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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UBS maintains a 'Neutral' on ATMI Inc. (NASDAQ: ATMI) price target raised $1 to $20.
UBS analyst says, "ATMI paid $95M in cash to acquire full control of the manufacturing and distribution of Safe Delivery Source (SDS) business (25% of total sales) from Matheson Tri-Gas (MTG) (subsidiary of Toyo Nippon Sanso) (except for Japanese market). We estimate ATMI paid $3/sh for the transaction and will add $0.36 in EPS. ATMI has the majority market share in the SDS business which supplies gases for implantation tools. ATMI’s sales to MTG averaged about $80M/yr."
"We estimate channel inventory reversals and inventory burn to negatively impact revenue and EPS by -$16M and -$0.20 over the next 2 quarters. We adjust our FY11 and FY12 EPS estimates to $0.90 and $1.35 vs. $1.03 and $1.20 previously."
For more ratings news on ATMI Inc. click here and for the rating history of ATMI Inc. click here.
Shares of ATMI Inc. closed at $19.71 yesterday.
UBS analyst says, "ATMI paid $95M in cash to acquire full control of the manufacturing and distribution of Safe Delivery Source (SDS) business (25% of total sales) from Matheson Tri-Gas (MTG) (subsidiary of Toyo Nippon Sanso) (except for Japanese market). We estimate ATMI paid $3/sh for the transaction and will add $0.36 in EPS. ATMI has the majority market share in the SDS business which supplies gases for implantation tools. ATMI’s sales to MTG averaged about $80M/yr."
"We estimate channel inventory reversals and inventory burn to negatively impact revenue and EPS by -$16M and -$0.20 over the next 2 quarters. We adjust our FY11 and FY12 EPS estimates to $0.90 and $1.35 vs. $1.03 and $1.20 previously."
For more ratings news on ATMI Inc. click here and for the rating history of ATMI Inc. click here.
Shares of ATMI Inc. closed at $19.71 yesterday.
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