Barrington Sees Q2/15 Results as Better Than Expected for Solera Holdings

In a report published Wednesday, Barrington Research analyst Gary Prestopino reiterated an Outperform rating and $65.00-$70.00 price target range for Solera Holdings Inc (NYSE: SLH).

In the report, Barrington Research noted, "SLH's Q2/15 financial results included an 18.3% increase in revenue to $282.7 million with adjusted EPS of $0.77. Adjusted EBITDA for Q2/15 increased 15% to $115.7 million, leading to a 40.9% adjusted EBITDA margin that decreased 120 basis points due to investments for growth and the impact from acquisitions."

The report continued, "Constant currency revenue and adjusted EBITDA increases for the quarter were 23.8% and 21.8%, respectively. Our estimates for Q2/15 included revenue of $283 million and cash EPS of $0.74. The First Call consensus expectations called for revenue of $282 million and cash EPS of $0.77."

Solera Holdings closed on Tuesday at $53.35.