Barrington Research Sees Q2/15 Results as Better Than Expected for Solera Holdings

In a report published Wednesday, Barrington Research analyst Gary Prestopino reiterated an Outperform rating and $65.00-$70.00 price target range for Solera Holdings SLH. In the report, Barrington Research noted, "SLH's Q2/15 financial results included an 18.3% increase in revenue to $282.7 million with adjusted EPS of $0.77. Adjusted EBITDA for Q2/15 increased 15% to $115.7 million, leading to a 40.9% adjusted EBITDA margin that decreased 120 basis points due to investments for growth and the impact from acquisitions. Constant currency revenue and adjusted EBITDA increases for the quarter were 23.8% and 21.8%, respectively. Our estimates for Q2/15 included revenue of $283 million and cash EPS of $0.74. The First Call consensus expectations called for revenue of $282 million and cash EPS of $0.77." Solera Holdings closed on Tuesday at $53.35.