Collins Stewart Lowers Estimates And Price Target For Duff & Phelps Corporation (DUF)

Analysts William Tanona and Brennan Hawken at Collins Stewart have released an update on Duff & Phelps Corporation (NYSE: DUF). The company reported its first-quarter results on Thursday.

Duff & Phelps reported first-quarter EPS of $0.19, which fell short of analysts’ estimate by $0.04. The earnings downside was due to lower-than-expected revenue from Financial Advisory and Corporate Finance Consulting.

Following first-quarter results, analysts have lowered their 2010 and 2011 EPS estimate for the company. 2010 EPS estimate has been lowered from $0.98 to $0.86, while 2011 EPS estimate has been lowered from $1.15 to $1.10. The 12-month price target for the company has been lowered to $18.

Analysts at Collins Stewart have maintained their Hold rating for Duff & Phelps Corporation.