Barrington Research Maintains Outperform, $28-30 PT Range on VistaPrint
Barrington Research reiterates its Outperform rating and price target range of $28 to $30 on VistaPrint (NASDAQ: VPRT) as the company fails to meet expectations on its latest quarterly earnings report.
Barrington Research says, " Molex reported the financial results of its fiscal 2012 second quarter (ended December 31) with revenue and earnings that were below management's previous guidance and below both our estimate and the consensus. Management also provided Q3/12 guidance that was below the consensus estimate. ... Reported EPS were $0.36, compared to EPS of $0.45 in the prior year and $0.46 from the prior quarter. This was below our estimate of $0.40 and the consensus estimate of $0.41."
VPRT closed at $26.15 a share on Friday.
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