Market Overview

D.A. Davidson & Co. Sees Better-Than-Expected Earnings For URS

Share:

In a report published Wednesday, D.A. Davidson & Co. analyst John B. Rogers reiterated a Neutral rating and $56.00 price target on URS (NYSE: URS).

In the report, D.A. Davidson & Co. noted, “Reported EPS of $1.27 per share; well above our estimate of $0.81 (consensus of $0.74) and prior year EPS of $0.91. The reported results included $0.10 of unusual G&A costs ($0.07 related to severance and consolidation and $0.04 related to the pending acquisition). Additionally, reported EPS benefited from an unusually low tax rate due to the recognition of $22 million ($0.32 per share) of tax credits. A variance model is attached.”

URS closed on Tuesday at $58.29.

Latest Ratings for URS

DateFirmActionFromTo
Aug 2014DowngradesBuyNeutral
Aug 2014MaintainsNeutral
Jul 2014MaintainsNeutral

View More Analyst Ratings for URS
View the Latest Analyst Ratings

Posted-In: D.A. Davidson & Co. John B. RogersAnalyst Color Reiteration Analyst Ratings

 

Related Articles (URS)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
NCMIBenchmarkMaintains12.0
FWONAFBN SecuritiesDowngrades
BXCitiDowngrades52.0
TRVBank of AmericaDowngrades
PSTGCross ResearchUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

UPDATE: Stifel Resumes Coverage Of Google

Bank Of America Sees 4Q Beat And Exchange Trends Boost Shares For Towers Watson & Co.