Topeka Capital Analysts Begin Coverage on Molex (MOLX)

By admin | 6 years ago

Equities researchers at Topeka Capital assumed coverage on shares of Molex (NASDAQ: MOLX) in a report issued on Monday. The firm set a “hold” rating on the stock.

Shares of Molex traded down 1.83% during mid-day trading on Monday, hitting $25.18. Molex has a one year low of $18.50 and a one year high of $28.46. The company has a market cap of $4.441 billion and a P/E ratio of 15.83.

Molex last issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, analysts predict that Molex will post $0.45 earnings per share next quarter.

Separately, analysts at Zacks reiterated a “neutral” rating on shares of Molex in a research note to investors on Friday, March 9th. They now have a $28.00 price target on the stock.

Molex Incorporated is a manufacturer of electronic connectors. The Company manufactures and sells electronic components.

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