Needham & Company Maintains a 'Buy' on Kid Brands (KID); Preview Of 3Q Results
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Price: $0.36 --0%
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Needham & Company maintains a 'Buy' on Kid Brands (NYSE: KID) price target of $9.00.
Needham analyst says, "Kid Brands (KID) is scheduled to file its 10Q for 3Q results after the market close on November 8, and will host a conference call the following morning. We expect EPS of $0.11 on sales of $64.4 mm, and consensus numbers are directly in line with our estimates. Our estimates call for a 9.5% YoY decrease in sales and a $0.07 reduction in EPS. This is the first quarterly report since former CEO Bruce Crain resigned in mid-September. While we are optimistic about KID’s ability to weather this period of managerial uncertainty, due its decentralized management structure, investors will likely remain cautious until a new CEO is appointed. Still, we do not expect a material change in guidance at the time of the call."
For more ratings news on Kid Brands click here and for the rating history of Kid Brands click here.
Shares of Kid Brands closed at $2.85 yesterday.
Needham analyst says, "Kid Brands (KID) is scheduled to file its 10Q for 3Q results after the market close on November 8, and will host a conference call the following morning. We expect EPS of $0.11 on sales of $64.4 mm, and consensus numbers are directly in line with our estimates. Our estimates call for a 9.5% YoY decrease in sales and a $0.07 reduction in EPS. This is the first quarterly report since former CEO Bruce Crain resigned in mid-September. While we are optimistic about KID’s ability to weather this period of managerial uncertainty, due its decentralized management structure, investors will likely remain cautious until a new CEO is appointed. Still, we do not expect a material change in guidance at the time of the call."
For more ratings news on Kid Brands click here and for the rating history of Kid Brands click here.
Shares of Kid Brands closed at $2.85 yesterday.
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