UBS Maintains a 'Neutral' on Luminex (LMNX); Raising Guidance on Good '12 Start
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Price: $8.92 -1.44%
Rating Summary:
1 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Luminex (NASDAQ: LMNX) price target raised from $22 to $25.
Analyst, Daniel Arias, said, "Q1 saw strong assay growth (+80%y/y; +5% q/q) on EraGen product uptake & cont’d growth from CF assays, which offset soft RVP sales. LMNX placed 206 systems as MAGPIX continues to penetrate the research setting, but instrument sales fell 9%, while consumables were down 21% on bulk order lumpiness from one partner...We now project 2012-13 sales of $211M (+15% y/y; up from $208M) & $241M, respectively, with EPS of $0.44 (was $0.41) & $0.69 (up from $0.66)."
UBS raises FY12 EPS estimate from $0.41 to $0.44, and FY13 from $0.66 to $0.69. FY12/13 revs increased to $211M/$241M.
For an analyst ratings summary and ratings history on Luminex click here. For more ratings news on Luminex click here.
Shares of Luminex closed at $25.04 yesterday.
Analyst, Daniel Arias, said, "Q1 saw strong assay growth (+80%y/y; +5% q/q) on EraGen product uptake & cont’d growth from CF assays, which offset soft RVP sales. LMNX placed 206 systems as MAGPIX continues to penetrate the research setting, but instrument sales fell 9%, while consumables were down 21% on bulk order lumpiness from one partner...We now project 2012-13 sales of $211M (+15% y/y; up from $208M) & $241M, respectively, with EPS of $0.44 (was $0.41) & $0.69 (up from $0.66)."
UBS raises FY12 EPS estimate from $0.41 to $0.44, and FY13 from $0.66 to $0.69. FY12/13 revs increased to $211M/$241M.
For an analyst ratings summary and ratings history on Luminex click here. For more ratings news on Luminex click here.
Shares of Luminex closed at $25.04 yesterday.
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