Needham & Company Reiterates a 'Buy' on Measurement Specialties (MEAS); Execution Materializing

Needham & Company reiterates a 'Buy' on Measurement Specialties (NASDAQ: MEAS) price target of $35.00 (from $38.00)

Analyst, Sean K. F. Hannan, said, "Overall, we believe MEAS holds a diverse portfolio of higher-complexity sensor offerings that support healthy bookings and healthy earnings. With strategic product development efforts continually positioning the company with next-gen technologies (i.e., SCR-related products), we expect solid growth to continue (as well as margin expansion)...Our F2Q estimates become $89.0M in revs., $17.6M EBITDA, and $0.20, vs. prior $88.5M, $17.5M, and $0.52. Our F13 remains $360M, $72M & $2.15. Our F14 est. of $395M in revs., $80M EBITDA and $2.36 becomes $393M, $80 & $2.36."

For an analyst ratings summary and ratings history on Measurement Specialties click here. For more ratings news on Measurement Specialties click here.

Shares of Measurement Specialties closed at $27.86 yesterday.

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