Robbins & Myers (RBN): Shares defining bullish 'pennant'

Filed under: Earnings reports, Technical Analysis, Stocks to Buy

Robbins & Myers (NYSE: RBN) provides equipment used for the industrial processing and management of fluids. Its Fluid Management segment offers hydraulic drilling equipment, slurry grinders and wellhead systems used by oil and gas, specialty chemical and wastewater treatment firms. The Process Solutions unit makes glass-lined reactors, storage vessels and mixing/agitation devices for the pharmaceutical and fine chemical markets. The Romaco segment provides equipment for the dosing, filling and sealing of vials, capsules, tubes and bottles.

Investors were pleased earlier in the week, when the firm reported fiscal Q3 EPS of 62 cents and revenues of $200.9 million. The Street had been looking for 58 cents and $190.2 million. Management also guided Q4 EPS to 62-67 cents (60 cent consensus) and FY08 EPS to $2.10-$2.15 ($2.05 consensus).

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