Canaccord Genuity Maintains a 'Hold' on ESCO Technologies (ESE); Bookings Bolster Visibility, But '12 a Transitional Year
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Price: $284.57 -2.13%
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity maintains a 'Hold' on ESCO Technologies (NYSE: ESE) price target of $33.00.
Analyst, John Quealy, said, "F2012 visibility looks improved on the heels of strong Q1 order flow and strength in Test and Filtration. While management assessed its potential F2012 EPS risk/upside at +/- $0.05 in a transitional year, we watch for an opportunity to get constructive, as continued execution and movement toward better ’13 visibility likely drives multiple expansion."
"Our F2012 revenue estimate gets revised to $730.9M from a prior $720.0M, while EPS remains unchanged at $2.05. Our F2013 estimates are unchanged at $831M/$2.68."
For an analyst ratings summary and ratings history on ESCO Technologies click here. For more ratings news on ESCO Technologies click here.
Shares of ESCO Technologies closed at $32.63 yesterday.
Analyst, John Quealy, said, "F2012 visibility looks improved on the heels of strong Q1 order flow and strength in Test and Filtration. While management assessed its potential F2012 EPS risk/upside at +/- $0.05 in a transitional year, we watch for an opportunity to get constructive, as continued execution and movement toward better ’13 visibility likely drives multiple expansion."
"Our F2012 revenue estimate gets revised to $730.9M from a prior $720.0M, while EPS remains unchanged at $2.05. Our F2013 estimates are unchanged at $831M/$2.68."
For an analyst ratings summary and ratings history on ESCO Technologies click here. For more ratings news on ESCO Technologies click here.
Shares of ESCO Technologies closed at $32.63 yesterday.
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