Needham & Company Raises Estimates on Multi-Fineline (MFLX); Maintain Hold Pending Evidence Of Sustainability Of Improvement
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Price: $17.02 -0.12%
Rating Summary:
0 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on Multi-Fineline (NASDAQ: MFLX).
Needham analyst says, "MFLX’s F1Q preannouncement shows promising signs that the situation for the company may be improving, especially as the supply disruption issues from the Thailand floods subside and orders from one of its largest key customers overcome recent hiccups. We are adjusting our estimates higher for the preannouncement but maintain our Hold rating pending further signs of the recovery being not only steady but also sustainable."
"We are adjusting our estimates higher, with F1Q going to the preannounced $239M in revenue, implying EPS of $0.47. We raise our F12 estimates to $935M and $1.65 vs. our prior $877M and $1.25. We keep our F13 estimates relatively unchanged at $1.027B and $2.25."
For an analyst ratings summary and ratings history on Multi-Fineline click here. For more ratings news on Multi-Fineline click here.
Shares of Multi-Fineline closed at $21.53 yesterday.
Needham analyst says, "MFLX’s F1Q preannouncement shows promising signs that the situation for the company may be improving, especially as the supply disruption issues from the Thailand floods subside and orders from one of its largest key customers overcome recent hiccups. We are adjusting our estimates higher for the preannouncement but maintain our Hold rating pending further signs of the recovery being not only steady but also sustainable."
"We are adjusting our estimates higher, with F1Q going to the preannounced $239M in revenue, implying EPS of $0.47. We raise our F12 estimates to $935M and $1.65 vs. our prior $877M and $1.25. We keep our F13 estimates relatively unchanged at $1.027B and $2.25."
For an analyst ratings summary and ratings history on Multi-Fineline click here. For more ratings news on Multi-Fineline click here.
Shares of Multi-Fineline closed at $21.53 yesterday.
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