Wednesday, December 8, 2010

United Stationers (NASDAQ:USTR) EPS Estimates Adjusted by FBR

FBR Capital adjusted their EPS estimates on United Stationers (NASDAQ:USTR), lowering them in the shorter term but strengthening them in their longer outlook.

FBR said, "We adjust our 4Q10 EPS estimate to $1.04 from $1.05, and this compares with the Street consensus estimate of $1.07. Our 2010E EPS estimate of $4.24 compares with the Street estimate of $4.26. For 2011E, we adjust our EPS estimate to $5.18, which is above the Street consensus estimate of $5.03. We adjust our 2012E EPS estimate to $5.75 from $5.65, and this compares with the mean estimate of $5.59."

FBR Capital maintains an "Outperform/Top Pick" rating on United Stationers (NASDAQ:USTR), which was trading at $64.49, down $0.32, or 0.49 percent, as of 2:42 PM EST. They raised their price target on them from $66 to $70.

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