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Higher-Than-Forecast Revenues Drove Asta’s Fiscal Q3 Results

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Analysts at Keefe Bruyette maintain their "market perform" rating on Asta Funding Inc (NASDAQ: ASFI), while raising their estimates for the company. The target price for ASFI has been raised to $8.

ASFI has reported better-than-expected results for FQ3. According to Keefe Bruyette, “Operating earnings were higher than our estimate primarily due to higher revenues than we had forecast.”

Keefe Bruyette has raised its EPS estimates for 2010 and 2011 from $0.60 to $0.73 and from $0.06 to $0.16, respectively.

More Analyst Ratings here

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