Security Stock Research Alert; Command Security Corp. (NYSE MKT: MOC) Research Update Released
Category: Investment, Defense, Homeland Security
Visit this company: Command Security Corp.
New York, NY - February 20, 2013 (Investorideas.com Newswire) Taglich Brothers released an updated research report on Command Security Corp. (MOC) and reiterated a Speculative Buy rating with the 12-month price target raised to $2.50 per share from $1.55 as revenue growth shows added momentum due to an improved US economic outlook. The report noted the following key investment considerations:
- As the US economy strengthens, the security needs of start-up businesses, the increase of security budgets and improved profitability of the US airline industry should drive stronger growth.
- But uncertainty underlying economic growth forecasts, limited pricing flexibility due to competitive pressures, and lingering weakness in the airline sector could compromise the company's near-term earnings prospects.
- Command earned a 3Q13 (results released Feb. 12, 2013) profit of $0.04, well above our breakeven projection and EPS of $0.02 for 3Q12. Revenue for the quarter was up 9% to $38.9 million.
- For FY13 we project EPS of $0.11, up from our earlier estimate of $0.06 per share, on revenue of $148.7 million, up from our earlier projection of $144.8 million. As US economic conditions improve, so should Command's growth prospects. We have lowered our FY14 EPS estimate to $0.14 from $0.17 but raised our revenue projection to $154.8 million from $149 million. For FY15, we project EPS of $0.19 per share on revenue of $161 million.
- Command's balance sheet is leveraged, with 50% of tangible assets financed by tangible equity. With retention of cash earnings, the company's balance sheet could improve considerably by FY14 if receivables are well controlled.
Additional Command Security Corporation research information and the latest reports can be viewed at http://www.taglichbrothers.com/equityuniverse/companies/commandsecurity/commandsecurity.aspx.
NetSol Technologies, Inc., headquartered in Calabasas, CA, is a global provider of information technology and enterprise application solutions including credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for global Financial, Leasing, Insurance, Energy, and Technology markets.
Taglich Brothers, Inc. is full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.
The Taglich Brothers' Equity Research department is dedicated to providing research reports that are informative, insightful and illuminating. Reports are designed to distill volumes of investment information into a concise, straightforward format so that busy professional investors can make informed investment decisions.
The information and statistical data contained herein have been obtained from sources, which we believe to be reliable but in no way are warranted by us as to accuracy or completeness. We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in this report are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from Compliance. All research issued by Taglich Brothers, Inc. is based on public information. As of the date of this report, we, our affiliates, any officer, director or stockholder, or any member of their families do not have a position in the stock of the company mentioned in this report. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with the company mentioned in this report and was not a manager or co-manager of any offering for the company with in the last three years. The company prepaid for the first three months of distribution a total of $5,250 (USD) in March 2012, and will pay beginning August 2012 a monthly monetary fee of $1,750 (USD) to Taglich Brothers, Inc. for the creation and dissemination of research reports.
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