Jefferies Lowers Numbers On Mercury Computer (MRCY) After Q2 Results

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January 25, 2012 8:25 AM EST
Get Alerts MRCY Hot Sheet
Price: $91.36 -3.05%

Rating Summary:
    11 Buy, 3 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 6 | New: 26
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Jefferies lowers estimates and its price target on Mercury Computer (NASDAQ: MRCY) from $20 to $16 but is keeping its Buy rating.

The firm comments, "We are lowering our EPS for FY12 and FY13 to $0.60 and $0.67 from $0.75 and $1.00 due to program delays and somewhat faster run-off of the commercial business than we had expected. For FY12 and 13 respectively, Adjusted EBITDA is cut to $47.5 and $50 million from $50 and $58 million, respectively."

For an analyst ratings summary and ratings history on Mercury Computer click here. For more ratings news on Mercury Computer click here.

Shares of Mercury Computer closed at $14.98 yesterday.

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