Jefferies Maintains a 'Buy' on Goodrich (GR); Q2:11 Earnings: Up, Up and Away
Get Alerts GR Hot Sheet
Price: $127.48 --0%
Rating Summary:
2 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 11
Rating Summary:
2 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 11
Join SI Premium – FREE
Jefferies maintains a 'Buy' on Goodrich (NYSE: GR) raises price target from $108 to $119.
Jefferies analyst says, "In Q2, GR continued its stretch of good operating performance (OP +12.2%) on growing organic revenues (+12%). Total sales surpassed $2BB for the quarter. Ex-acquisition and plant closure costs, incremental operating margins were over 21%, but were masked by some one-time items in Electronics. On a runrate basis, we expect incremental margins in the 25-30% range...We are raising our 2011 and 2012 EPS estimates to $6.00 and $7.00, respectively, from $5.65 and $6.15. Our 2013 estimate is $7.80."
For more ratings news on Goodrich click here and for the rating history of Goodrich click here.
Shares of Goodrich closed at $98.99 yesterday.
Jefferies analyst says, "In Q2, GR continued its stretch of good operating performance (OP +12.2%) on growing organic revenues (+12%). Total sales surpassed $2BB for the quarter. Ex-acquisition and plant closure costs, incremental operating margins were over 21%, but were masked by some one-time items in Electronics. On a runrate basis, we expect incremental margins in the 25-30% range...We are raising our 2011 and 2012 EPS estimates to $6.00 and $7.00, respectively, from $5.65 and $6.15. Our 2013 estimate is $7.80."
For more ratings news on Goodrich click here and for the rating history of Goodrich click here.
Shares of Goodrich closed at $98.99 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Recruit Holdings Co., Ltd (6098:JP) (RCRUY) PT Raised to JPY7,800 at Jefferies, 'emerged stronger since the last earnings season'
- HSBC Upgrades PNC Financial (PNC) to Hold
- RH, Estee Lauder and Robinhood rise premarket; Walgreens falls
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Jefferies & Co, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!