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


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

Aug 2014DowngradesBuyNeutral
Aug 2014MaintainsNeutral
Jul 2014MaintainsNeutral

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


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