Benchmark Downgrades American Science & Engineering Inc. (ASEI) to Sell; Slowing US Military Demand and Valuation

Benchmark downgraded American Science & Engineering Inc. (NASDAQ: ASEI) to Sell, price target cut to $58.00.

Benchmark analyst says, "AS&E reported Q2 revenue and EPS of $54.8 million and $0.74 vs. consensus estimates of $51 million and $0.56. The beat was driven by higher shipments of the higher margin z-backscatter systems (ZBV). Per our earnings preview last week, we thought consensus estimates were overly pessimistic on the quarter, especially on margin. The company achieved an operating margin of 19% vs. an estimated consensus margin of 15%."

For an analyst ratings summary and ratings history on American Science & Engineering Inc. click here.For more ratings news on American Science & Engineering Inc. click here.

Shares of American Science & Engineering Inc. closed at $72.35 yesterday.

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