Checkpoint Systems, Inc. Announces Second Quarter 2015 Results
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Imperial Capital Cuts Price Target on Checkpoint Systems (CKP) Following EPS Miss
August 5, 2015 8:14 AM EDTImperial Capital maintained an Outperform rating on Checkpoint Systems (NYSE: CKP), and cut the price target to $13.00 (from $15.00), following 2Q15 results. CKP reported revenue of $148mn compared with $157M consensus. Adjusted EPS of $0.10 was below $0.13 consensus.
Analyst Jeff Kessler commented, "We are maintaining our... More
Checkpoint Systems (CKP) Misses Q2 EPS by 3c, Reaffirms FY Guidance, Announces $30M Buyback
August 3, 2015 4:37 PM EDTCheckpoint Systems (NYSE: CKP) reported Q2 EPS of $0.10, $0.03 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $147.6 million versus the consensus estimate of $156.76 million.Checkpoint Systems reaffirmed FY2015 guidance.
Share Repurchase Program
The Board of Directors has authorized the repurchase of up to $30 million of common shares over the next two years. Mr. Babich added, This share repurchase authorization reflects our confidence in Checkpoints financial strength and our long-term growth prospects, including the broader adoption of RFID technology by our retail customers. Share repurchases are a key element... More
