Needham & Company Reiterates a 'Buy' on FEI Company (FEIC); Raising Numbers on Solid Finish & Guidance
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Price: $106.89 --0%
Rating Summary:
3 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
Rating Summary:
3 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
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Needham & Company reiterates a 'Buy' on FEI Company (NASDAQ: FEIC) price target raised from $47 to $55.
Analyst, James Ricchiuti, said, "FEIC ended the year on strong note, reporting solid y/o/y growth in revenues and EPS. Bookings were in line with guidance, and management guided to sequentially higher orders for Q1, exceeding our expectations. In short, FEIC enters 2012 with solid momentum across its major markets. FEIC shares, which are up 18% y/t/d, remain an attractive value, in our view, trading at 14x our 2012 EPS estimate, adjusting for net cash. Looking out over the next 1-2 years, we believe there are several potential catalysts that could allow us to raise estimates further, including growing momentum from new initiatives in the life science and natural resource markets, along with continued solid activity in the core electronics market."
"We are increasing our Q1 EPS estimate to $0.60 from $0.58 on revenues of $211.8M. We are increasing our full-year EPS estimate to $2.65 from $2.57 on revenue of $870M, up from $859M previously. We are initiating a 2013 EPS estimate of $3.05 on revenue of $929.5M."
For an analyst ratings summary and ratings history on FEI Company click here. For more ratings news on FEI Company click here.
Shares of FEI Company closed at $46.14 yesterday.
Analyst, James Ricchiuti, said, "FEIC ended the year on strong note, reporting solid y/o/y growth in revenues and EPS. Bookings were in line with guidance, and management guided to sequentially higher orders for Q1, exceeding our expectations. In short, FEIC enters 2012 with solid momentum across its major markets. FEIC shares, which are up 18% y/t/d, remain an attractive value, in our view, trading at 14x our 2012 EPS estimate, adjusting for net cash. Looking out over the next 1-2 years, we believe there are several potential catalysts that could allow us to raise estimates further, including growing momentum from new initiatives in the life science and natural resource markets, along with continued solid activity in the core electronics market."
"We are increasing our Q1 EPS estimate to $0.60 from $0.58 on revenues of $211.8M. We are increasing our full-year EPS estimate to $2.65 from $2.57 on revenue of $870M, up from $859M previously. We are initiating a 2013 EPS estimate of $3.05 on revenue of $929.5M."
For an analyst ratings summary and ratings history on FEI Company click here. For more ratings news on FEI Company click here.
Shares of FEI Company closed at $46.14 yesterday.
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