Dutton & Associates Announces Investment Opinion: ENGlobal Buy Rating Maintained in Update Report by Dutton & Associates.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by Dutton & Associates EL DORADO El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. HILLS, Calif.--(BUSINESS WIRE)--July 9, 2003 J.M. Dutton & Associates continues coverage of ENGlobal (AMEX AMEX See: American Stock Exchange :ENG ENG electronystagmography. ENG abbr. electronystagmography ENG enzootic nasal granuloma. ) with its update report maintaining a Buy rating. The 11-page report by J.M. Dutton senior analyst Robert Davis Robert Davis can refer to:
JMDA Journal of Macrodynamic Analysis JMDA Jamaica Medical Doctors Association JMDA Joni Massengale Design Arts ), Zacks, First Call, Multex, and other leading financial portals Financial Portal A website that provides a variety of financial data and information, acting as an information hub for clients who are individual investors requiring timely financial news and data to make their investment decisions. . ENGlobal, formed by the merger of two similar entities, is a provider of engineering services and engineered systems to oil and gas pipeline operators, refineries and petrochemical manufacturers throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and internationally. Demand for ENGlobal's services may have begun to increase, as the result of improved petroleum industry profitability and the need for additional production capacity, especially in the refinery area. There are strong indications that the Company is evaluating a more aggressive acquisitions program, which may be implemented before the end of 2003. Revenues and EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. for 2003 are projected at $109 million and $0.12, respectively, an increase from the reported $91.6 million and $0.07 in 2002. Our preliminary estimate for 2004 is $119 million in revenues with EPS of $0.16. About Dutton & Associates Dutton & Associates is one of the largest independent investment research firms in the U.S. Its 21 senior analysts are primarily CFAs, and have expertise in many industries. Dutton & Associates provides bias-free, continuing analyst coverage of over 60 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors. The cost of enrollment in our one-year continuing research program is US $28,000 prepaid before commencement of our research activities. We received $22,000 from the Company for coverage for the year, and do not accept payment of our fees in company stock. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion