UBS Maintains a 'Buy' on Foster Wheeler (FWLT); Better Prospects in 2012
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Price: $27.52 --0%
Rating Summary:
4 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
4 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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UBS maintains a 'Buy' on Foster Wheeler (NASDAQ: FWLT) price target raised $2 to $29.
UBS analyst says, "Q4 EPS of $0.39 missed the Street due to higher than expected corporate expense, lower E&C margins, and a higher tax rate, partly offset by better Power margins and share buybacks. E&C margins were lower than expected (12.2% vs. UBSe 14.1%), but Power margins of 19.5% were above our 16.5% estimate."
"Initial 2012 margin guidance for E&C is 12-14% (UBSe 14.3% vs 13.2% for 2011) and Power is 16-18% (UBSe 16.5% vs 17.9% in ‘11) with 2012 scope rev growth expected in both segments. Mgmt expects a “material increase” in ‘12 EPS driven by “higher volume” and a “reduced share count.”"
For an analyst ratings summary and ratings history on Foster Wheeler click here. For more ratings news on Foster Wheeler click here.
Shares of Foster Wheeler closed at $25.39 yesterday.
UBS analyst says, "Q4 EPS of $0.39 missed the Street due to higher than expected corporate expense, lower E&C margins, and a higher tax rate, partly offset by better Power margins and share buybacks. E&C margins were lower than expected (12.2% vs. UBSe 14.1%), but Power margins of 19.5% were above our 16.5% estimate."
"Initial 2012 margin guidance for E&C is 12-14% (UBSe 14.3% vs 13.2% for 2011) and Power is 16-18% (UBSe 16.5% vs 17.9% in ‘11) with 2012 scope rev growth expected in both segments. Mgmt expects a “material increase” in ‘12 EPS driven by “higher volume” and a “reduced share count.”"
For an analyst ratings summary and ratings history on Foster Wheeler click here. For more ratings news on Foster Wheeler click here.
Shares of Foster Wheeler closed at $25.39 yesterday.
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