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10500.0
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2017-09-27 00:00:00 UTC
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AAON Crosses Above Key Moving Average Level
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AAON
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https://www.nasdaq.com/articles/aaon-crosses-above-key-moving-average-level-2017-09-27
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nan
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In trading on Wednesday, shares of AAON, Inc. (Symbol: AAON) crossed above their 200 day moving average of $34.79, changing hands as high as $35.20 per share. AAON, Inc. shares are currently trading up about 3.7% on the day. The chart below shows the one year performance of AAON shares, versus its 200 day moving average:
Looking at the chart above, AAON's low point in its 52 week range is $27.45 per share, with $38.20 as the 52 week high point - that compares with a last trade of $34.95.
According to the ETF Finder at ETF Channel, AAON makes up 806063.00% of the Guggenheim S&P SmallCap 600 Pure Growth ETF (Symbol: RZG) which is trading higher by about 2.7% on the day Wednesday.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of AAON, Inc. (Symbol: AAON) crossed above their 200 day moving average of $34.79, changing hands as high as $35.20 per share. The chart below shows the one year performance of AAON shares, versus its 200 day moving average: Looking at the chart above, AAON's low point in its 52 week range is $27.45 per share, with $38.20 as the 52 week high point - that compares with a last trade of $34.95. AAON, Inc. shares are currently trading up about 3.7% on the day.
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In trading on Wednesday, shares of AAON, Inc. (Symbol: AAON) crossed above their 200 day moving average of $34.79, changing hands as high as $35.20 per share. The chart below shows the one year performance of AAON shares, versus its 200 day moving average: Looking at the chart above, AAON's low point in its 52 week range is $27.45 per share, with $38.20 as the 52 week high point - that compares with a last trade of $34.95. AAON, Inc. shares are currently trading up about 3.7% on the day.
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In trading on Wednesday, shares of AAON, Inc. (Symbol: AAON) crossed above their 200 day moving average of $34.79, changing hands as high as $35.20 per share. The chart below shows the one year performance of AAON shares, versus its 200 day moving average: Looking at the chart above, AAON's low point in its 52 week range is $27.45 per share, with $38.20 as the 52 week high point - that compares with a last trade of $34.95. AAON, Inc. shares are currently trading up about 3.7% on the day.
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In trading on Wednesday, shares of AAON, Inc. (Symbol: AAON) crossed above their 200 day moving average of $34.79, changing hands as high as $35.20 per share. According to the ETF Finder at ETF Channel, AAON makes up 806063.00% of the Guggenheim S&P SmallCap 600 Pure Growth ETF (Symbol: RZG) which is trading higher by about 2.7% on the day Wednesday. AAON, Inc. shares are currently trading up about 3.7% on the day.
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10501.0
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2017-07-21 00:00:00 UTC
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Conestoga Capital Advisors, LLC Buys ESCO Technologies Inc, Vocera Communications Inc, The ...
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AAON
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https://www.nasdaq.com/articles/conestoga-capital-advisors-llc-buys-esco-technologies-inc-vocera-communications-inc-2017
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nan
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Conestoga Capital Advisors, LLC
New Purchases: VCRA , JKHY , BMY , BMY, WPC, ECL,
Added Positions:ESE, DSGX, WAGE, EXPO, LMAT, ROG, CMD, WDFC, OMCL, NEOG,
Reduced Positions:ALGN, STMP, SPSC, HSTM, MLAB, CPRT, MINI, INFO, HEI.A, MKL,
Sold Out:BCR, VZ,
For the details of Conestoga Capital Advisors, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Conestoga+Capital+Advisors%2C+LLC
These are the top 5 holdings of Conestoga Capital Advisors, LLC
Omnicell Inc ( OMCL ) - 1,606,601 shares, 3.6% of the total portfolio. Shares added by 6.13%
Blackbaud Inc ( BLKB ) - 764,172 shares, 3.41% of the total portfolio. Shares added by 3.98%
AAON Inc ( AAON ) - 1,566,317 shares, 3% of the total portfolio. Shares added by 5.06%
Cantel Medical Corp ( CMD ) - 727,046 shares, 2.95% of the total portfolio. Shares added by 9.97%
Fox Factory Holding Corp ( FOXF ) - 1,577,516 shares, 2.92% of the total portfolio. Shares added by 6.31%
New Purchase: Vocera Communications Inc (VCRA)
Conestoga Capital Advisors, LLC initiated holdings in Vocera Communications Inc. The purchase prices were between $23.21 and $27.92, with an estimated average price of $25.58. The stock is now traded at around $26.64. The impact to the portfolio due to this purchase was 0.78%. The holdings were 564,250 shares as of 2017-06-30.
New Purchase: Jack Henry & Associates Inc (JKHY)
Conestoga Capital Advisors, LLC initiated holdings in Jack Henry & Associates Inc. The purchase prices were between $91.97 and $106.21, with an estimated average price of $99.62. The stock is now traded at around $106.45. The impact to the portfolio due to this purchase was 0.04%. The holdings were 6,550 shares as of 2017-06-30.
New Purchase: Bristol-Myers Squibb Company (BMY)
Conestoga Capital Advisors, LLC initiated holdings in Bristol-Myers Squibb Company. The purchase prices were between $104.78 and $113.53, with an estimated average price of $108.96. The stock is now traded at around $55.07. The impact to the portfolio due to this purchase was 0.03%. The holdings were 5,665 shares as of 2017-06-30.
New Purchase: Bristol-Myers Squibb Company (BMY)
Conestoga Capital Advisors, LLC initiated holdings in Bristol-Myers Squibb Company. The purchase prices were between $104.78 and $113.53, with an estimated average price of $108.96. The stock is now traded at around $55.07. The impact to the portfolio due to this purchase was 0.03%. The holdings were 5,665 shares as of 2017-06-30.
New Purchase: W.P. Carey Inc (WPC)
Conestoga Capital Advisors, LLC initiated holdings in W.P. Carey Inc. The purchase prices were between $61.17 and $68.38, with an estimated average price of $64.48. The stock is now traded at around $67.99. The impact to the portfolio due to this purchase was 0.02%. The holdings were 4,550 shares as of 2017-06-30.
New Purchase: Ecolab Inc (ECL)
Conestoga Capital Advisors, LLC initiated holdings in Ecolab Inc. The purchase prices were between $124.47 and $134.61, with an estimated average price of $129.08. The stock is now traded at around $132.45. The impact to the portfolio due to this purchase was 0.01%. The holdings were 1,550 shares as of 2017-06-30.
Added: ESCO Technologies Inc (ESE)
Conestoga Capital Advisors, LLC added to the holdings in ESCO Technologies Inc by 212.83%. The purchase prices were between $55.7 and $60.9, with an estimated average price of $58.25. The stock is now traded at around $63.15. The impact to the portfolio due to this purchase was 0.99%. The holdings were 465,779 shares as of 2017-06-30.
Added: The Descartes Systems Group Inc (DSGX)
Conestoga Capital Advisors, LLC added to the holdings in The Descartes Systems Group Inc by 32.64%. The purchase prices were between $22.4 and $25.15, with an estimated average price of $23.84. The stock is now traded at around $24.45. The impact to the portfolio due to this purchase was 0.66%. The holdings were 2,118,060 shares as of 2017-06-30.
Added: LeMaitre Vascular Inc (LMAT)
Conestoga Capital Advisors, LLC added to the holdings in LeMaitre Vascular Inc by 45.75%. The purchase prices were between $24.16 and $32.57, with an estimated average price of $28.77. The stock is now traded at around $29.20. The impact to the portfolio due to this purchase was 0.29%. The holdings were 565,069 shares as of 2017-06-30.
Added: WD-40 Co (WDFC)
Conestoga Capital Advisors, LLC added to the holdings in WD-40 Co by 23.85%. The purchase prices were between $101.2 and $113.05, with an estimated average price of $106.39. The stock is now traded at around $108.10. The impact to the portfolio due to this purchase was 0.21%. The holdings were 192,200 shares as of 2017-06-30.
Sold Out: C.R. Bard Inc (BCR)
Conestoga Capital Advisors, LLC sold out the holdings in C.R. Bard Inc. The sale prices were between $248.4 and $316.12, with an estimated average price of $295.92.
Sold Out: Verizon Communications Inc (VZ)
Conestoga Capital Advisors, LLC sold out the holdings in Verizon Communications Inc. The sale prices were between $44.41 and $49.31, with an estimated average price of $46.65.
ESE 15-Year Financial Data
The intrinsic value of ESE
Peter Lynch Chart of ESE
Premium Members
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares added by 3.98% AAON Inc ( AAON ) - 1,566,317 shares, 3% of the total portfolio. Conestoga Capital Advisors, LLC New Purchases: VCRA , JKHY , BMY , BMY, WPC, ECL, Added Positions:ESE, DSGX, WAGE, EXPO, LMAT, ROG, CMD, WDFC, OMCL, NEOG, Reduced Positions:ALGN, STMP, SPSC, HSTM, MLAB, CPRT, MINI, INFO, HEI.A, MKL, Sold Out:BCR, VZ, For the details of Conestoga Capital Advisors, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Conestoga+Capital+Advisors%2C+LLC These are the top 5 holdings of Conestoga Capital Advisors, LLC Omnicell Inc ( OMCL ) - 1,606,601 shares, 3.6% of the total portfolio. Carey Inc (WPC) Conestoga Capital Advisors, LLC initiated holdings in W.P.
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New Purchase: Bristol-Myers Squibb Company (BMY) Conestoga Capital Advisors, LLC initiated holdings in Bristol-Myers Squibb Company. Shares added by 3.98% AAON Inc ( AAON ) - 1,566,317 shares, 3% of the total portfolio. Conestoga Capital Advisors, LLC New Purchases: VCRA , JKHY , BMY , BMY, WPC, ECL, Added Positions:ESE, DSGX, WAGE, EXPO, LMAT, ROG, CMD, WDFC, OMCL, NEOG, Reduced Positions:ALGN, STMP, SPSC, HSTM, MLAB, CPRT, MINI, INFO, HEI.A, MKL, Sold Out:BCR, VZ, For the details of Conestoga Capital Advisors, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Conestoga+Capital+Advisors%2C+LLC These are the top 5 holdings of Conestoga Capital Advisors, LLC Omnicell Inc ( OMCL ) - 1,606,601 shares, 3.6% of the total portfolio.
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Shares added by 3.98% AAON Inc ( AAON ) - 1,566,317 shares, 3% of the total portfolio. Conestoga Capital Advisors, LLC New Purchases: VCRA , JKHY , BMY , BMY, WPC, ECL, Added Positions:ESE, DSGX, WAGE, EXPO, LMAT, ROG, CMD, WDFC, OMCL, NEOG, Reduced Positions:ALGN, STMP, SPSC, HSTM, MLAB, CPRT, MINI, INFO, HEI.A, MKL, Sold Out:BCR, VZ, For the details of Conestoga Capital Advisors, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Conestoga+Capital+Advisors%2C+LLC These are the top 5 holdings of Conestoga Capital Advisors, LLC Omnicell Inc ( OMCL ) - 1,606,601 shares, 3.6% of the total portfolio. Shares added by 6.31% New Purchase: Vocera Communications Inc (VCRA) Conestoga Capital Advisors, LLC initiated holdings in Vocera Communications Inc.
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Shares added by 3.98% AAON Inc ( AAON ) - 1,566,317 shares, 3% of the total portfolio. Shares added by 6.13% Blackbaud Inc ( BLKB ) - 764,172 shares, 3.41% of the total portfolio. Shares added by 6.31% New Purchase: Vocera Communications Inc (VCRA) Conestoga Capital Advisors, LLC initiated holdings in Vocera Communications Inc.
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10502.0
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2017-06-06 00:00:00 UTC
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AAON, Inc. (AAON) Ex-Dividend Date Scheduled for June 07, 2017
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AAON
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https://www.nasdaq.com/articles/aaon-inc-aaon-ex-dividend-date-scheduled-june-07-2017-2017-06-06
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AAON, Inc. ( AAON ) will begin trading ex-dividend on June 07, 2017. A cash dividend payment of $0.13 per share is scheduled to be paid on July 07, 2017. Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 18.18% increase over prior dividend payment.
The previous trading day's last sale of AAON was $36.95, representing a -2.12% decrease from the 52 week high of $37.75 and a 45.9% increase over the 52 week low of $25.33.
AAON is a part of the Capital Goods sector, which includes companies such as Thermo Fisher Scientific Inc ( TMO ) and Danaher Corporation ( DHR ). AAON's current earnings per share, an indicator of a company's profitability, is $.96. Zacks Investment Research reports AAON's forecasted earnings growth in 2017 as 5%, compared to an industry average of 13.8%.
For more information on the declaration, record and payment dates, visit the AAON Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON is a part of the Capital Goods sector, which includes companies such as Thermo Fisher Scientific Inc ( TMO ) and Danaher Corporation ( DHR ). Zacks Investment Research reports AAON's forecasted earnings growth in 2017 as 5%, compared to an industry average of 13.8%. For more information on the declaration, record and payment dates, visit the AAON Dividend History page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AAON, Inc. ( AAON ) will begin trading ex-dividend on June 07, 2017. Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment.
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AAON, Inc. ( AAON ) will begin trading ex-dividend on June 07, 2017. Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAON Dividend History page.
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Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. AAON, Inc. ( AAON ) will begin trading ex-dividend on June 07, 2017. The previous trading day's last sale of AAON was $36.95, representing a -2.12% decrease from the 52 week high of $37.75 and a 45.9% increase over the 52 week low of $25.33.
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10503.0
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2017-06-05 00:00:00 UTC
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Ex-Dividend Reminder: AAON, Occidental Petroleum and World Fuel Services
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AAON
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https://www.nasdaq.com/articles/ex-dividend-reminder-aaon-occidental-petroleum-and-world-fuel-services-2017-06-05
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nan
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Looking at the universe of stocks we cover at Dividend Channel , on 6/7/17, AAON, Inc. (Symbol: AAON), Occidental Petroleum Corp (Symbol: OXY), and World Fuel Services Corp. (Symbol: INT) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its semi-annual dividend of $0.13 on 7/7/17, Occidental Petroleum Corp will pay its quarterly dividend of $0.76 on 7/14/17, and World Fuel Services Corp. will pay its quarterly dividend of $0.06 on 7/7/17. As a percentage of AAON's recent stock price of $37.30, this dividend works out to approximately 0.35%, so look for shares of AAON, Inc. to trade 0.35% lower - all else being equal - when AAON shares open for trading on 6/7/17. Similarly, investors should look for OXY to open 1.27% lower in price and for INT to open 0.17% lower, all else being equal.
Below are dividend history charts for AAON, OXY, and INT, showing historical dividends prior to the most recent ones declared.
AAON, Inc. (Symbol: AAON) :
Occidental Petroleum Corp (Symbol: OXY) :
World Fuel Services Corp. (Symbol: INT) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.70% for AAON, Inc., 5.07% for Occidental Petroleum Corp, and 0.68% for World Fuel Services Corp..
In Monday trading, AAON, Inc. shares are currently trading flat, Occidental Petroleum Corp shares are off about 1.3%, and World Fuel Services Corp. shares are off about 0.3% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel , on 6/7/17, AAON, Inc. (Symbol: AAON), Occidental Petroleum Corp (Symbol: OXY), and World Fuel Services Corp. (Symbol: INT) will all trade ex-dividend for their respective upcoming dividends. If they do continue, the current estimated yields on annualized basis would be 0.70% for AAON, Inc., 5.07% for Occidental Petroleum Corp, and 0.68% for World Fuel Services Corp.. AAON, Inc. will pay its semi-annual dividend of $0.13 on 7/7/17, Occidental Petroleum Corp will pay its quarterly dividend of $0.76 on 7/14/17, and World Fuel Services Corp. will pay its quarterly dividend of $0.06 on 7/7/17.
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Looking at the universe of stocks we cover at Dividend Channel , on 6/7/17, AAON, Inc. (Symbol: AAON), Occidental Petroleum Corp (Symbol: OXY), and World Fuel Services Corp. (Symbol: INT) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its semi-annual dividend of $0.13 on 7/7/17, Occidental Petroleum Corp will pay its quarterly dividend of $0.76 on 7/14/17, and World Fuel Services Corp. will pay its quarterly dividend of $0.06 on 7/7/17. AAON, Inc. (Symbol: AAON) : Occidental Petroleum Corp (Symbol: OXY) : World Fuel Services Corp. (Symbol: INT) : In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel , on 6/7/17, AAON, Inc. (Symbol: AAON), Occidental Petroleum Corp (Symbol: OXY), and World Fuel Services Corp. (Symbol: INT) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its semi-annual dividend of $0.13 on 7/7/17, Occidental Petroleum Corp will pay its quarterly dividend of $0.76 on 7/14/17, and World Fuel Services Corp. will pay its quarterly dividend of $0.06 on 7/7/17. AAON, Inc. (Symbol: AAON) : Occidental Petroleum Corp (Symbol: OXY) : World Fuel Services Corp. (Symbol: INT) : In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel , on 6/7/17, AAON, Inc. (Symbol: AAON), Occidental Petroleum Corp (Symbol: OXY), and World Fuel Services Corp. (Symbol: INT) will all trade ex-dividend for their respective upcoming dividends. As a percentage of AAON's recent stock price of $37.30, this dividend works out to approximately 0.35%, so look for shares of AAON, Inc. to trade 0.35% lower - all else being equal - when AAON shares open for trading on 6/7/17. If they do continue, the current estimated yields on annualized basis would be 0.70% for AAON, Inc., 5.07% for Occidental Petroleum Corp, and 0.68% for World Fuel Services Corp..
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10504.0
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2017-05-11 00:00:00 UTC
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New Strong Sell Stocks for May 11th
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AAON
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-may-11th-2017-05-11
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
AAON, Inc.AAON is a manufacturer of air-conditioning and heating equipment. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 30 days.
1st Constitution BancorpFCCY operates as the bank holding company. The Zacks Consensus Estimate for its current year earnings has been revised 4.4% downward over the last 30 days.
Cable ONE, Inc.CABO is an owner and operator of cable systems. The Zacks Consensus Estimate for its current year earnings has been revised 5.3% downward over the last 30 days.
CommScope Holding Company, Inc.COMM offers infrastructure solutions for communications networks globally. The Zacks Consensus Estimate for its current year earnings has been revised 7% downward over the last 30 days.
Douglas Dynamics, Inc.PLOW operates as a manufacturer of commercial work truck equipments. The Zacks Consensus Estimate for its current year earnings has been revised 3.1% downward over the last 30 days.
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CommScope Holding Company, Inc. (COMM): Free Stock Analysis Report
Douglas Dynamics, Inc. (PLOW): Free Stock Analysis Report
1st Constitution Bancorp (NJ) (FCCY): Free Stock Analysis Report
AAON, Inc. (AAON): Free Stock Analysis Report
Cable One, Inc. (CABO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc.AAON is a manufacturer of air-conditioning and heating equipment. Click to get this free report CommScope Holding Company, Inc. (COMM): Free Stock Analysis Report Douglas Dynamics, Inc. (PLOW): Free Stock Analysis Report 1st Constitution Bancorp (NJ) (FCCY): Free Stock Analysis Report AAON, Inc. (AAON): Free Stock Analysis Report Cable One, Inc. (CABO): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 4.4% downward over the last 30 days.
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Click to get this free report CommScope Holding Company, Inc. (COMM): Free Stock Analysis Report Douglas Dynamics, Inc. (PLOW): Free Stock Analysis Report 1st Constitution Bancorp (NJ) (FCCY): Free Stock Analysis Report AAON, Inc. (AAON): Free Stock Analysis Report Cable One, Inc. (CABO): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc.AAON is a manufacturer of air-conditioning and heating equipment. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 30 days.
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Click to get this free report CommScope Holding Company, Inc. (COMM): Free Stock Analysis Report Douglas Dynamics, Inc. (PLOW): Free Stock Analysis Report 1st Constitution Bancorp (NJ) (FCCY): Free Stock Analysis Report AAON, Inc. (AAON): Free Stock Analysis Report Cable One, Inc. (CABO): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc.AAON is a manufacturer of air-conditioning and heating equipment. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 30 days.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc.AAON is a manufacturer of air-conditioning and heating equipment. Click to get this free report CommScope Holding Company, Inc. (COMM): Free Stock Analysis Report Douglas Dynamics, Inc. (PLOW): Free Stock Analysis Report 1st Constitution Bancorp (NJ) (FCCY): Free Stock Analysis Report AAON, Inc. (AAON): Free Stock Analysis Report Cable One, Inc. (CABO): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List .
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10505.0
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2017-03-30 00:00:00 UTC
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Is This the Best Industry in the Construction Sector Right Now?
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AAON
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https://www.nasdaq.com/articles/is-this-the-best-industry-in-the-construction-sector-right-now-2017-03-30
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It goes without saying that since the November presidential election, Donald Trump has emerged as the most momentous figure in financial markets. Investors are expecting faster growth based on Trump's campaign pledges of significant tax cuts, higher infrastructure spending and lesser regulations.
However, is his recent defeat on the health care legislation a sign of trouble for the rest of this agenda? Although some analysts and investors are still confident of Trump keeping his promises, the broader markets are looking for concrete results.
Given this scenario, corporate tax reform and infrastructure spending are likely to create headlines going forward. After all, construction and manufacturing companies are giving a solid performance in 2017 banking on the impression that infrastructure would provide a boon going forward. Additionally, corporate tax cuts are expected to boost earnings across the board.
Housing/Homebuilding Showing Signs of Confidence
The Zacks construction sector has advanced 7.1% so far this year, comparing favorably with the 5.2% growth for the broader market (S&P 500). The industry also outperformed the broader market in the last one year, as you can see below:
(Year-to-date Performance)
(1 Year Performance)
Especially, housing/homebuilding industry has been riding high lately on solid new home sales data, affordable interest/mortgage rates and impressive housing starts figure. Resilient job growth and a healthy demand-supply balance along with seemingly high homebuilders' confidence are adding to the momentum. The uptick in mortgage rates seems to be having a minimal effect on the industry.
If we delve deeper into the Construction sector, the Building Products - Air Conditioner/Heating industry needs special mention, as it falls within the top 13% of the Zacks Industry Rank which reflects the industry's strong earnings outlook. The policy uncertainty issue has weighed on this industry lately as well, but the industry still remains modestly ahead of the broader market (S&P 500), as you can see below:
This industry's 3 to 5 year expected earnings per share (EPS) growth rate of 14.9% is better than the sector's 10.7% rate. Moreover, the industry boasts a solid Return on Equity (ROE) of 27%, comparing favorably with the construction sector's ROE of 10.33% and the broader market's 15.2%.
Favorable Economic & Industry Figures Signal Strong Potential
Consumer Confidence, a key determinant of the economy's health, improved significantly in March, reaching its highest level in 16 years. According to the recent Conference Board data, the Consumer Confidence Index rose to 125.6 in March from February's reading of 116.1. This indicates that consumers have given the new administration's policies a thumbs up.
Spiraling consumer confidence, an improving job scenario and rising wages are indicators of a stronger economy. Naturally, stocks within the industry that have the potential to counter macroeconomic headwinds seem quite reliable and attractive.
Now, demand for Building Products - Air Conditioner/Heating industry products is related to the performance of the broader housing construction market. Construction activity picked up in 2017. Positives like an improving economy, modest wage growth, low unemployment levels, positive consumer confidence and a tight supply situation raise optimism over the housing sector's performance this year. As such, Building Products - Air Conditioner/Heating industry should also increase, thereby driving its revenues.
Top picks in the Building Products - Air Conditioner/Heating domain include AAON, Inc. AAON and Comfort Systems USA, Inc. FIX , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>
Another stock, Watsco Inc. WSO , carries a Zacks Rank #3 (Hold) and has growth potential with a solid 3-5 year expected earnings per share growth rate of 15%. The company is the largest distributor of heating, ventilation and air conditioning equipment as well as related parts and supplies (HVAC/R) in the U.S.
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buy"" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 ""Strong Sells"" and other private research. See the stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Watsco, Inc. (WSO): Free Stock Analysis Report
AAON, Inc. (AAON): Free Stock Analysis Report
Comfort Systems USA, Inc. (FIX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Top picks in the Building Products - Air Conditioner/Heating domain include AAON, Inc. AAON and Comfort Systems USA, Inc. Click to get this free report Watsco, Inc. (WSO): Free Stock Analysis Report AAON, Inc. (AAON): Free Stock Analysis Report Comfort Systems USA, Inc. (FIX): Free Stock Analysis Report To read this article on Zacks.com click here. Investors are expecting faster growth based on Trump's campaign pledges of significant tax cuts, higher infrastructure spending and lesser regulations.
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Click to get this free report Watsco, Inc. (WSO): Free Stock Analysis Report AAON, Inc. (AAON): Free Stock Analysis Report Comfort Systems USA, Inc. (FIX): Free Stock Analysis Report To read this article on Zacks.com click here. Top picks in the Building Products - Air Conditioner/Heating domain include AAON, Inc. AAON and Comfort Systems USA, Inc. Now, demand for Building Products - Air Conditioner/Heating industry products is related to the performance of the broader housing construction market.
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Top picks in the Building Products - Air Conditioner/Heating domain include AAON, Inc. AAON and Comfort Systems USA, Inc. Click to get this free report Watsco, Inc. (WSO): Free Stock Analysis Report AAON, Inc. (AAON): Free Stock Analysis Report Comfort Systems USA, Inc. (FIX): Free Stock Analysis Report To read this article on Zacks.com click here. If we delve deeper into the Construction sector, the Building Products - Air Conditioner/Heating industry needs special mention, as it falls within the top 13% of the Zacks Industry Rank which reflects the industry's strong earnings outlook.
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Top picks in the Building Products - Air Conditioner/Heating domain include AAON, Inc. AAON and Comfort Systems USA, Inc. Click to get this free report Watsco, Inc. (WSO): Free Stock Analysis Report AAON, Inc. (AAON): Free Stock Analysis Report Comfort Systems USA, Inc. (FIX): Free Stock Analysis Report To read this article on Zacks.com click here. Housing/Homebuilding Showing Signs of Confidence The Zacks construction sector has advanced 7.1% so far this year, comparing favorably with the 5.2% growth for the broader market (S&P 500).
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10506.0
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2016-12-23 00:00:00 UTC
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Lennar (LEN): Homebuilding Strong, Rising Land Costs Hurt
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AAON
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https://www.nasdaq.com/articles/lennar-len%3A-homebuilding-strong-rising-land-costs-hurt-2016-12-23
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nan
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nan
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On Dec 22, we issued an updated research report on Lennar CorporationLEN - a provider of homebuilding and financial services in the U.S.
Recently, Lennar reported fourth-quarter and fiscal 2016 numbers. The company delivered outstanding operating results in fiscal 2016 wherein earnings per share increased 13.6% year over year. Total revenue was also up 15.6% year over year.
Earnings estimates for fiscal 2017 moved up following the earnings release. Also, the company has an impressive earnings history, beating estimates for the fifth consecutive quarter. However, Lennar's shares lost over 12% year to date, compared to the 2.9% decline for the Zacks categorized Building-Residential/Commercial industry, raising questions over this Zacks Rank #3 (Hold) company's prospects.
Advantages
With the housing demand remaining strong, Lennar continued its solid performance in fiscal 2016, beating the Zacks Consensus Estimate for both earnings and sales in all the four quarters.
The company also surpassed the Zacks Consensus Estimate for both earnings and revenue in the fourth quarter of fiscal 2016 by 5.5% and 1.6%, respectively. Earnings increased 10.7% year over year driven by strong revenues and improved SG&A leverage. Revenues also grew 14.6% year over year, buoyed by higher deliveries.
The company is one of the best positioned homebuilders to capitalize on the housing recovery, courtesy of the diverse revenue mix, steady top-line performance, above-average order growth and improving SG&A leverage.
The company was successful in meeting its target to achieve the lowest SG&A percentage in its history in 2016. Lennar's SG&A expenses contracted 50 basis points (bps) year over year to 8.7% during the fourth quarter, mainly attributable to higher home deliveries and benefits from digital marketing.
The segments also performed well in the quarter. In the fourth quarter of fiscal 2016, the homebuilding segment revenues increased 12.3% and financial services revenues increased 24.7% year over year.
Concerns
Gross margin on home sales declined 130 bps to 23.3% owing to rising land costs, partially offset by higher average sales price of homes delivered.
Rising land and labor costs are a threat to margins as they limit homebuilders' pricing power. Labor shortages are leading to higher wages while land prices are on the rise due to limited availability.
With the Fed announcing a hike in the benchmark Federal Funds target rate, mortgage rates will probably rise in 2017 or after that. High mortgage rates dilute the demand for new homes as mortgage loans become expensive. This lowers purchasing power of the buyers and hurts volumes, revenues and profits of homebuilders.
Key Picks
Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON .
Gibraltar sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Full-year 2016 earnings for Gibraltar are expected to grow 44.9%.
Hovnanian, a Zacks Rank #2 (Buy) stock, is likely to witness 28.6% growth in fiscal 2017 earnings.
AAON carries a Zacks Rank #2. Full-year 2016 earnings for the company are expected to rise 21.4%.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today's most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
LENNAR CORP -A (LEN): Free Stock Analysis Report
HOVNANIAN ENTRP (HOV): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Key Picks Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Key Picks Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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10507.0
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2016-12-22 00:00:00 UTC
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Acuity Brands (AYI) Cut to Neutral by Baird, Falls 5.6%
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AAON
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https://www.nasdaq.com/articles/acuity-brands-ayi-cut-to-neutral-by-baird-falls-5.6-2016-12-22
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nan
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nan
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Lighting fixture manufacturer and provider of specialty chemicals, Acuity Brands, Inc . AYI was downgraded by Robert W. Baird from Outperform to Neutral on Dec 20. Acuity Brands declined 5.6% to $231.72 from $272.00 while the S&P 500 rose 0.4%.
The firm believes "the potential for a near-term demand lull could keep AYI range bound over the next couple of quarters after consensus FY 2017 and 2018 estimates already embedded a fairly bullish case, leaving a thin margin for error".
The investment firm has set a price target price of $265 on Acuity Brands. This means Robert W. Baird believes there is a potential increase of 7.91% from the Dec 19 stock price of $245.57.
Investors should note that Acuity Brands' shares have dipped 8.4% comparing favorably with the Zacks categorized Building Products - Lighting Fixtures industry dip to of 6.3%, year to date. Acuity Brands has also beaten earnings estimates in two of the last four quarters, the average beat being 2%.
Acuity Brands' adjusted EPS in the fourth quarter of fiscal 2016 increased 27% year over year, but missed the Zacks Consensus Estimate by 7.9%. Fourth-quarter net sales of $925.5 million missed the Zacks Consensus Estimate by 2.4%. Revenues however increased 22% from the year-ago quarter. In fact, the quarter was the 14th in a row to have marked double-digit volume growth for the company.
The company believes that the growth rate for lighting and energy management solutions in the North American market will be in the mid-to-upper single digit range in fiscal 2017. Also, overall demand in its end markets is expected to be strong going ahead.
Key Picks
Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON .
Gibraltar sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Full-year 2016 earnings for Gibraltar are expected to grow 44.9%.
Hovnanian, a Zacks Rank #2 (Buy) stock, is likely to witness 28.6% growth in fiscal 2017 earnings.
AAON carries a Zacks Rank #2. Full-year 2016 earnings for the company are expected to rise 21.4%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
ACUITY BRANDS (AYI): Free Stock Analysis Report
HOVNANIAN ENTRP (HOV): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Key Picks Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report ACUITY BRANDS (AYI): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report ACUITY BRANDS (AYI): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report ACUITY BRANDS (AYI): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Key Picks Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report ACUITY BRANDS (AYI): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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10508.0
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2016-12-20 00:00:00 UTC
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D.R. Horton Sales Backlog Strong, Rising Costs a Threat
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AAON
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https://www.nasdaq.com/articles/d.r.-horton-sales-backlog-strong-rising-costs-a-threat-2016-12-20
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nan
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nan
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On Dec 19, we issued an updated research report on D.R. Horton, Inc.DHI - one of the leading national homebuilders, engaged in the construction and sale of single-family houses, both in the entry-level and move-up markets.
D.R. Horton is committed toward maintaining double-digit annual growth in both revenues and pre-tax profits while generating positive cash flow and improved returns. With an impressive sales backlog in the fourth quarter, a well-stocked supply of land, lots and homes and the launch of Freedom Homes brand, D.R. Horton is well positioned for 2017.
Moreover, Donald Trump's victory has driven construction-related stocks on the back of his claims to invest heavily in infrastructure projects.
However, D.R. Horton's shares have lost over 12% year to date, compared to the Zacks categorized Building-Residential/Commercial industry's decrease of 3.9%. Estimates have also moved down slightly. Going forward, rising land and labor costs and competitive pricing pressure could weigh on the company's performance.
Positives
D.R. Horton enjoys one of the broadest geographic diversities in the industry and is not dependent on any particular market. It has been a leading homebuilder in the U.S. in terms of volume for the last fifteen years. The company offers a diversified line of homes across various price points through its multi-brand platform.
Acquisitions have also diversified the company's operations. D.R. Horton has been acquiring homebuilding companies in desirable markets since 2012. Recently, it took over Wilson Parker Homes in Sep 2016 which was ranked as the largest builder in Atlanta by Builder magazine in 2015.
The company's strong cash position and low debt/capital ratio allowed it to make strategic land purchases even during the downturn, thus giving it a significant competitive advantage. D.R. Horton's well-stocked supply of land, plots and homes lend it a strong competitive position which will allow it to meet demand in the future, thereby growing sales and home closings.
Concerns
Several years of production deficits during the housing downturn limited the supply of both rental and new homes in US. At present, a shortage of buildable lots, skilled labor and available capital for smaller builders are limiting home production, thereby lowering the inventory of homes, both new and existing.
Rising land and labor costs are threatening margins as they limit homebuilders' pricing power. Labor shortages are leading to higher wages while land prices are on the rise due to limited availability.
If mortgage rates rise further in 2017, it will dilute the demand for new homes. This will in turn lower the purchasing power of buyers and hurt volumes, revenues and profits of homebuilders.
Zacks Rank & Key Picks
D.R. Horton has a Zacks Rank #3 (Hold).
Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON .
Gibraltar sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Full-year 2016 earnings for Gibraltar are expected to grow 44.9%.
Hovnanian, a Zacks Rank #2 (Buy) stock, is likely to witness 28.6% growth in fiscal 2017 earnings.
AAON carries a Zacks Rank #2. Full-year 2016 earnings for the company are expected to rise 21.4%.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today's most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
D R HORTON INC (DHI): Free Stock Analysis Report
HOVNANIAN ENTRP (HOV): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report D R HORTON INC (DHI): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . Click to get this free report AAON INC (AAON): Free Stock Analysis Report D R HORTON INC (DHI): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. AAON carries a Zacks Rank #2.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report D R HORTON INC (DHI): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report D R HORTON INC (DHI): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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10509.0
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2016-12-19 00:00:00 UTC
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Toll Brothers Partners with AECOM to Develop Union Place
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AAON
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https://www.nasdaq.com/articles/toll-brothers-partners-with-aecom-to-develop-union-place-2016-12-19
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nan
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nan
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Toll Brothers, Inc . TOL and AECOM announced plans to develop Union Place, a luxury rental community located in Washington, D.C.
The 14-storey, 525 residential unit project, located in the growing NoMa neighborhood, will be financed through a $130 million construction loan facility from U.S. Bank National Association and The Bank of New York Mellon.
The site's location will provide its potential buyers easy access to Harris Teeter supermarket, over 55 restaurants, Union Station and to major NoMa district employment centers.
The project falls under Toll Brothers' Apartment Living brand, through which it acquires and develops commercial and apartment properties. Toll Brothers Apartment Living, Toll Brothers Realty Trust and Toll Brothers Campus Living are brands offered under the company's rental apartment projects. These rental projects operate in the lucrative markets of metro-Boston to metro-Washington, D.C. corridor and Atlanta.
Toll Brothers Apartment Living will be in charge of the building's marketing, leasing and property management while AECOM Tishman, the construction subsidiary of AECOM, will supervise construction activities.
Recently, Toll Brothers reported adjusted earnings of 67 cents per share in the fourth quarter of fiscal 2016, missing the Zacks Consensus Estimate by 31.6%. Adjusted earnings, also, declined 16.3% year over year.
Revenues on the other hand increased 29% year over year in the fourth quarter on the back of an increase in home deliveries and average price of homes delivered. (read more: Toll Brothers Misses Earnings, Beats Revenues in Q4 )
However, investors should note that shares of Toll Brothers declined 5% year to date, compared to the 3.8% decline for the Zacks categorized Building-Residential/Commercial industry. Estimates have gone down by 2% for the current year.
Nonetheless, the company expects its strong backlog, lower share count and contributions from joint ventures to significantly contribute to earnings per share in 2017.
Zacks Rank & Key Picks
Toll Brothers has a Zacks Rank #3 (Hold).
Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON .
Gibraltar sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Full-year 2016 earnings for Gibraltar are expected to grow 44.9%.
Hovnanian, a Zacks Rank #2 (Buy) stock, is likely to witness 28.6% growth in fiscal 2017 earnings.
AAON carries a Zacks Rank #2. Full-year 2016 earnings for the company are expected to rise 21.4%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
TOLL BROTHERS (TOL): Free Stock Analysis Report
HOVNANIAN ENTRP (HOV): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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10510.0
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2016-12-14 00:00:00 UTC
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Louisiana-Pacific (LPX) Rallies to a Fresh 52-Week High
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AAON
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https://www.nasdaq.com/articles/louisiana-pacific-lpx-rallies-to-a-fresh-52-week-high-2016-12-14
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nan
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nan
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On Dec 13, shares of Louisiana-Pacific CorporationLPX rallied to a new 52-week high of $21.16. The stock pulled back to end the trading session at $20.75. The manufacturer of building materials and engineered wood products has a market cap of around $2.96 billion.
Investors view the 52-week high or low as an imperative aspect in determining a stock's momentum.
Shares of Louisiana-Pacific gained over 11%, outperforming the 9.1% rise by the Zacks categorized Building Products-Wood industry in the past one month. Moreover, Louisiana-Pacific's earnings are expected to register 362.5% growth in 2016.
On Dec 8, the company announced changes to its executive management team, effective Jan 1, 2017. Since then, the stock has attained a 52-week high twice. The new management team can be expected to be productive enough, enhancing the prospects of the company.|
Going forward, Louisiana-Pacific expects housing starts, particularly single family, to continue to grow. Meanwhile, the company's transaction with Norbord will likely boost flexibility to add future siding capacity. Further, continued focus on value-added products will boost over-the-cycle margins.
For 2017, the company expects demand for housing to increase, driven primarily by higher household formations and wage growth. However, because of multiple constraints, labor, adequate lots, regulatory cost and timing, the growth rate in housing is expected to be between 5% and 10%.
Zacks Rank & Key Picks
Louisiana-Pacific carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON .
Gibraltar sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here
Full-year 2016 earnings for Gibraltar are expected to grow 44.9%.
Hovnanian, a Zacks Rank #2 (Buy) stock, is likely to witness 28.6% growth in fiscal 2017 earnings.
AAON carries a Zacks Rank #2. Full-year 2016 earnings for the company are expected to rise 21.4%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
LOUISIANA PAC (LPX): Free Stock Analysis Report
HOVNANIAN ENTRP (HOV): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report LOUISIANA PAC (LPX): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report LOUISIANA PAC (LPX): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report LOUISIANA PAC (LPX): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report LOUISIANA PAC (LPX): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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10511.0
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2016-12-09 00:00:00 UTC
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Toll Brothers (TOL) Announces Joint Venture with Gemdale
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AAON
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https://www.nasdaq.com/articles/toll-brothers-tol-announces-joint-venture-with-gemdale-2016-12-09
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nan
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nan
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Toll Brothers, Inc.TOL formed a joint venture with an affiliate of Gemdale Corporation (Gemdale Properties and Investments), one of China's largest and leading real estate developers. Together they will develop a luxury condominium project in Manhattan.
The project consists of a two-tower, 133-unit luxury condominium building and is located in Gramercy Park neighborhood of Manhattan. The companies have obtained $237 million of construction loan from a syndicate of five banks to finance the project.
Gramercy Park is known for its history, art, and exceptional dining facilities. The site's location will provide its potential buyers easy access to Madison Square Park, Union Square Park, Midtown Manhattan and Silicon Alley.
Joint ventures are commonly used by foreign companies to enter a local market, benefiting from the already existing distribution network of the local company. This marks Gemdale's fifth U.S. real estate joint venture in 13 months, and its second major project in Manhattan.
The project falls under Toll Brothers' City Living segment, the urban development division of Toll Brothers. Notably, City Living reported revenues of $13.9 million in the fourth quarter of 2016, down 89.4% from $131.6 million in the prior-year quarter due to a lower number of homes delivered.
However, the company delivered 41% gross margins on $240 million of revenues from wholly-owned City Living projects in fiscal 2016. It projects revenue growth of approximately 70% from wholly-owned City Living projects for fiscal 2017 at average 37% gross margins.
Investors should note that shares of Toll Brothers declined 2% year to date, compared to 1.4% decline for the Zacks categorized Building-Residential/Commercial industry.
Nonetheless, the company expects its strong backlog, lower share count and contributions from its joint ventures to significantly contribute to its earnings per share in 2017.
Zacks Rank & Key Picks
Toll Brothers has a Zacks Rank #3 (Hold).
Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON .
Gibraltar sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Full-year 2016 earnings for Gibraltar are expected to grow 44.9%.
Hovnanian, a Zacks Rank #2 (Buy) stock, is likely to witness 190.9% growth in fiscal 2016 earnings.
AAON carries a Zacks Rank #2. Full-year 2016 earnings for the company are expected to rise 21.4%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
TOLL BROTHERS (TOL): Free Stock Analysis Report
HOVNANIAN ENTRP (HOV): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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10512.0
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2016-12-07 00:00:00 UTC
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Toll Brothers (TOL) Misses Earnings, Beats Revenues in Q4
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AAON
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https://www.nasdaq.com/articles/toll-brothers-tol-misses-earnings-beats-revenues-in-q4-2016-12-07
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nan
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nan
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Toll Brothers, Inc.TOL reported adjusted earnings of 67 cents per share in the fourth quarter of fiscal 2016, missing the Zacks Consensus Estimate of 98 cents by 31.6%. Adjusted earnings, also, declined 16.3% year over year.
Toll Brothers reported revenues of $1.86 billion in the fiscal fourth quarter, surpassing the Zacks Consensus Estimate of $1.79 billion by nearly 4%. Revenues also increased 29% year over year on the back of an increase in home deliveries and average price of homes delivered.
Shares of the homebuilding company gained nearly 5% in yesterday's trading session following the robust revenue results.
Quarter Detail
Toll Brothers offers homes under two segments - Traditional Home Building Product, and City Living. Traditional Home Building revenues during the quarter totaled $1.84 billion, up 40.9% year over year. However, City Living reported revenues of $13.9 million, down 89.4% from $131.6 million in the prior-year quarter due to a lower number of homes delivered.
Consolidated homebuilding deliveries rose 22% year over year to 2,224 units in the fourth quarter of fiscal 2016. Deliveries increased across all West, California, North, Mid-Atlantic and South regions.
Average price of homes delivered was $834,300 in the quarter, up 5.6% year over year. It ended fiscal 2016 with 310 selling communities, up 7.6% on a year-over-year basis.
The number of net orders signed was 1,728 units in the fourth quarter, up 20% year over year. Value of net orders signed during the quarter was $1.47 billion, up 17% year over year.
At the end of the fiscal fourth quarter, Toll Brothers had a backlog of 4,685 homes, up 15% year over year. Potential housing revenues from backlog grew 14% year over year to $3.98 billion. The average price of backlog was $850,000 in the fourth quarter, compared to $862,000 in the prior-year quarter.
The company's homebuilding adjusted gross margin (excluding interest impairments and changes in reserves) decreased 210 basis points (bps) to 24.9% in the quarter.
As a percentage of revenues, SG&A expenses improved to 8.1% compared with 8.7% in the fourth quarter of fiscal 2015.
Fiscal 2016
Toll Brothers reported adjusted earnings of $2.18 per share in fiscal 2016, missing the Zacks Consensus Estimate of $2.49 by 12.4%. However, adjusted earnings per share increased 10.7% year over year driven by solid revenues.
The homebuilding company reported revenues of $5.17 billion in fiscal 2016, beating the Zacks Consensus Estimate by 1.4%. Revenues also increased 24% year over year on the back of a 10% increase in home deliveries.
Acquisitions
On Nov 7, 2016, Toll Brothers announced the acquisition of Coleman Homes in Boise, Idaho, which involved the takeover of approximately 1,400 owned lots, 350 controlled lots and the immediate addition of 15 selling communities to its first-quarter fiscal 2017 community count.
Fiscal 2017 Outlook
Coleman is expected to deliver approximately 300 homes at an average delivered price of $300,000 to $325,000 in fiscal 2017.
The company expects home deliveries between 1,000 and 1,250 units in the first quarter of fiscal 2017 with an average price of $750,000 to $780,000. For fiscal 2017, home deliveries are anticipated in the range of 6,500 to 7,500 units with an average price of $775,000-$825,000.
Adjusted gross margin in fiscal 2017 is expected in the range of 24.8-25.3% of revenues, reflecting the impact of Coleman Homes acquisition and changes in product deliveries mix.
First-quarter fiscal 2017 SG&A is expected to be approximately 15.2% of revenues. SG&A, as a percentage of fiscal 2017 revenues, is expected to be approximately 10.6%.
TOLL BROTHERS Price, Consensus and EPS Surprise
TOLL BROTHERS Price, Consensus and EPS Surprise | TOLL BROTHERS Quote
Zacks Rank & Key Picks
Toll Brothers has a Zacks Rank #3 (Hold).
Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON .
Gibraltar sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Full-year 2016 earnings for Gibraltar are expected to grow 44.9%.
Hovnanian, a Zacks Rank #2 (Buy) stock, is likely to witness 190.9% growth in fiscal 2016 earnings.
AAON carries a Zacks Rank #2. Full-year 2016 earnings for the company are expected to rise 21.4%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
TOLL BROTHERS (TOL): Free Stock Analysis Report
HOVNANIAN ENTRP (HOV): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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10513.0
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2016-12-01 00:00:00 UTC
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Lennar: Homebuilding Revenues Solid, Margins Remain Weak
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AAON
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https://www.nasdaq.com/articles/lennar%3A-homebuilding-revenues-solid-margins-remain-weak-2016-12-01
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nan
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nan
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On Dec 1, we issued an updated research report on Lennar CorporationLEN - primarily engaged in homebuilding and financial services in the U.S. along with multiple ancillary businesses.
Lennar is one of the best positioned homebuilders to capitalize on the housing recovery, courtesy of its diverse revenue mix, steady top-line performance, above-average order growth and improving SG&A leverage. Moreover, the company's ancillary platforms - Rialto, Multi-Family, FivePoint and Financial Services - are fast evolving and should improve further.
Lennar has a decent earnings history wherein it surpassed estimates in all of the past four quarters, resulting in an average positive surprise of 13.29%. This Miami-based company maintained its strong performance in third-quarter 2016 as well, beating the Zacks Consensus Estimate for both earnings and sales. In the third quarter of 2016, the company posted a positive earnings surprise of 14.8%.
Despite the varied product portfolio, homebuilding remains Lennar's core business. Homebuilding operations accounted for 85% of fiscal 2015 total revenue. Homebuilding revenues rose 16% in the first nine months of 2016, backed by double-digit increase in home deliveries and higher average selling price (ASP) of homes. Homebuilding operating earnings increased 9% in the first three quarters of 2016. Lennar's core homebuilding results remain consistent with the "slow and steady" housing recovery.
However, trends at Lennar's Houston segment have particularly slowed down, mainly at higher price points in the wake of the oil slide. Houston accounts for around 9% of its homebuilding revenues. Texas' economy is dependent on the oil complex and the volatility in the energy sector is hurting the region's overall economic growth and, in turn, home sales. The company's orders declined 12% at the Houston segment in fiscal 2015 and 7.5% in the first nine months of 2016 due to lower demand.
Going forward in 2016, management is moderating its focus on top-line growth targets to achieve 7% to 10% growth in order to maximize profits and cash flow.
Lennar expects gross margin of about 23.25% for fourth-quarter 2016, down from its previous forecast of 23.5-24%. Rising land and labor costs are a threat to margins as they limit homebuilders' pricing power.
The company is on track to achieve the lowest SG&A percentage in its history in 2016. Lennar expects its fourth quarter to see a 50 basis point reduction from the third quarter's 9.3%, reaching the figure to around 8.8%.
Zacks Rank & Key Picks
Lennar currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON .
Gibraltar sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here
Full-year 2016 earnings for Gibraltar are expected to grow 44.9%.
Hovnanian, a Zacks Rank #2 (Buy) stock, is likely to witness 190.9% growth in fiscal 2016 earnings.
AAON carries a Zacks Rank #2. Full-year 2016 earnings for the company are expected to rise 21.4%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
LENNAR CORP -A (LEN): Free Stock Analysis Report
HOVNANIAN ENTRP (HOV): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Better-ranked stocks in the construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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10514.0
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2016-12-01 00:00:00 UTC
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Can Masco (MAS) Outperform the Market on Solid Strategies?
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AAON
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https://www.nasdaq.com/articles/can-masco-mas-outperform-the-market-on-solid-strategies-2016-12-01
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nan
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nan
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On Dec 1, we issued an updated research report on one of the leading homebuilding companies, Masco CorporationMAS .
Initiatives Driving Margins
The company continues to execute well with its strategic initiatives with its third quarter earnings rising 21% year over year driven by strong margins.
Masco's cost-saving initiatives comprising business consolidations, system implementations, plant closures, branch closures, improvement in the global supply chain and headcount reductions bode well for the company.
These initiatives target company-wide annual savings through reduction of corporate expense and simplification of Masco's organizational structure. These cost saving initiatives have been driving the company's margin in the past few quarters. Adjusted operating margin increased 70 basis points (bps) to 14.7% in the third quarter on increased operating leverage and solid cost control.
Masco operates through various divisions with a large number of products. It is one of the leading cabinet manufacturers in the U.S. and holds one of the largest shares in faucets. Its popular brands include KraftMaid and Merillat cabinets, Delta and Hansgrohe faucets, Behr paint, and Milgard windows. The Behr brand is the number one brand in the do-it-yourself market for architectural coatings. The company has been witnessing strong demand for its market leading brands as well.
Hiccups
So far this year, the company's share price has underperformed the Zacks categorized Building & Construction Products - Miscellaneous market. The stock has gained 11.8% year to date compared with 17.5% growth in the broader market.
Again, about 21% of Masco's sales are generated outside the U.S. As such the company is subject to the volatility of the currency translation across the globe. In 2015, unfavorable foreign currency translation hurt sales by about $250 million with almost all the foreign currencies deteriorating against the U.S. dollar. Though the negative impact of currency translation has softened in 2016, the impact on sales is still significant.
Zacks Rank & Key Picks
Masco currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON .
Gibraltar sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Full-year 2016 earnings for Gibraltar are expected to grow 44.9%.
Hovnanian, a Zacks Rank #2 stock, is likely to witness 190.9% growth in fiscal 2016 earnings.
AAON carries a Zacks Rank #2. Full-year 2016 earnings for the company are expected to rise 21.4%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MASCO (MAS): Free Stock Analysis Report
AAON INC (AAON): Free Stock Analysis Report
HOVNANIAN ENTRP (HOV): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the Construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report MASCO (MAS): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report MASCO (MAS): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the Construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Click to get this free report MASCO (MAS): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the Construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Better-ranked stocks in the Construction sector include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report MASCO (MAS): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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10515.0
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2016-11-29 00:00:00 UTC
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AAON, Inc. (AAON) Ex-Dividend Date Scheduled for November 30, 2016
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AAON
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https://www.nasdaq.com/articles/aaon-inc-aaon-ex-dividend-date-scheduled-november-30-2016-2016-11-29
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nan
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nan
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AAON, Inc. ( AAON ) will begin trading ex-dividend on November 30, 2016. A cash dividend payment of $0.13 per share is scheduled to be paid on December 23, 2016. Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 18.18% increase over prior dividend payment.
The previous trading day's last sale of AAON was $33.5, representing a -1.18% decrease from the 52 week high of $33.90 and a 75.76% increase over the 52 week low of $19.06.
AAON is a part of the Capital Goods sector, which includes companies such as Thermo Fisher Scientific Inc ( TMO ) and Danaher Corporation ( DHR ). AAON's current earnings per share, an indicator of a company's profitability, is $1. Zacks Investment Research reports AAON's forecasted earnings growth in 2016 as 21.43%, compared to an industry average of 31.5%.
For more information on the declaration, record and payment dates, visit the AAON Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON is a part of the Capital Goods sector, which includes companies such as Thermo Fisher Scientific Inc ( TMO ) and Danaher Corporation ( DHR ). Zacks Investment Research reports AAON's forecasted earnings growth in 2016 as 21.43%, compared to an industry average of 31.5%. For more information on the declaration, record and payment dates, visit the AAON Dividend History page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AAON, Inc. ( AAON ) will begin trading ex-dividend on November 30, 2016. Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment.
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AAON, Inc. ( AAON ) will begin trading ex-dividend on November 30, 2016. Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAON Dividend History page.
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Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. AAON, Inc. ( AAON ) will begin trading ex-dividend on November 30, 2016. The previous trading day's last sale of AAON was $33.5, representing a -1.18% decrease from the 52 week high of $33.90 and a 75.76% increase over the 52 week low of $19.06.
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10516.0
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2016-11-28 00:00:00 UTC
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Ex-Dividend Reminder: AAON, Suncor Energy and Imperial Oil
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AAON
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https://www.nasdaq.com/articles/ex-dividend-reminder-aaon-suncor-energy-and-imperial-oil-2016-11-28
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel , on 11/30/16, AAON, Inc. (Symbol: AAON), Suncor Energy Inc. (Symbol: SU), and Imperial Oil Ltd (Symbol: IMO) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its semi-annual dividend of $0.13 on 12/23/16, Suncor Energy Inc. will pay its quarterly dividend of $0.29 on 12/23/16, and Imperial Oil Ltd will pay its quarterly dividend of $0.15 on 1/1/17. As a percentage of AAON's recent stock price of $33.65, this dividend works out to approximately 0.39%, so look for shares of AAON, Inc. to trade 0.39% lower - all else being equal - when AAON shares open for trading on 11/30/16. Similarly, investors should look for SU to open 0.93% lower in price and for IMO to open 0.45% lower, all else being equal.
Below are dividend history charts for AAON, SU, and IMO, showing historical dividends prior to the most recent ones declared.
AAON, Inc. (Symbol: AAON) :
Suncor Energy Inc. (Symbol: SU) :
Imperial Oil Ltd (Symbol: IMO) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.77% for AAON, Inc., 3.71% for Suncor Energy Inc., and 1.79% for Imperial Oil Ltd.
In Monday trading, AAON, Inc. shares are currently down about 0.7%, Suncor Energy Inc. shares are up about 0.3%, and Imperial Oil Ltd shares are up about 0.4% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If they do continue, the current estimated yields on annualized basis would be 0.77% for AAON, Inc., 3.71% for Suncor Energy Inc., and 1.79% for Imperial Oil Ltd. Looking at the universe of stocks we cover at Dividend Channel , on 11/30/16, AAON, Inc. (Symbol: AAON), Suncor Energy Inc. (Symbol: SU), and Imperial Oil Ltd (Symbol: IMO) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its semi-annual dividend of $0.13 on 12/23/16, Suncor Energy Inc. will pay its quarterly dividend of $0.29 on 12/23/16, and Imperial Oil Ltd will pay its quarterly dividend of $0.15 on 1/1/17.
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Looking at the universe of stocks we cover at Dividend Channel , on 11/30/16, AAON, Inc. (Symbol: AAON), Suncor Energy Inc. (Symbol: SU), and Imperial Oil Ltd (Symbol: IMO) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its semi-annual dividend of $0.13 on 12/23/16, Suncor Energy Inc. will pay its quarterly dividend of $0.29 on 12/23/16, and Imperial Oil Ltd will pay its quarterly dividend of $0.15 on 1/1/17. AAON, Inc. (Symbol: AAON) : Suncor Energy Inc. (Symbol: SU) : Imperial Oil Ltd (Symbol: IMO) : In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel , on 11/30/16, AAON, Inc. (Symbol: AAON), Suncor Energy Inc. (Symbol: SU), and Imperial Oil Ltd (Symbol: IMO) will all trade ex-dividend for their respective upcoming dividends. As a percentage of AAON's recent stock price of $33.65, this dividend works out to approximately 0.39%, so look for shares of AAON, Inc. to trade 0.39% lower - all else being equal - when AAON shares open for trading on 11/30/16. AAON, Inc. (Symbol: AAON) : Suncor Energy Inc. (Symbol: SU) : Imperial Oil Ltd (Symbol: IMO) : In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of AAON's recent stock price of $33.65, this dividend works out to approximately 0.39%, so look for shares of AAON, Inc. to trade 0.39% lower - all else being equal - when AAON shares open for trading on 11/30/16. If they do continue, the current estimated yields on annualized basis would be 0.77% for AAON, Inc., 3.71% for Suncor Energy Inc., and 1.79% for Imperial Oil Ltd. Looking at the universe of stocks we cover at Dividend Channel , on 11/30/16, AAON, Inc. (Symbol: AAON), Suncor Energy Inc. (Symbol: SU), and Imperial Oil Ltd (Symbol: IMO) will all trade ex-dividend for their respective upcoming dividends.
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10517.0
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2016-11-25 00:00:00 UTC
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Toll Brothers: Housing Market Strong, Supply Woes Remain
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AAON
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https://www.nasdaq.com/articles/toll-brothers%3A-housing-market-strong-supply-woes-remain-2016-11-25
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On Nov 24, we issued an updated research report on Toll Brothers Inc.TOL - builder of single-family detached and attached home communities, luxury residential and urban communities, principally on the land it develops.
Toll Brothers mostly offers luxury homes and its communities are located in prosperous suburban areas with easy access to major cities. Luxury homes generally face limited competition. These homebuyers are less sensitive to price changes. Toll Brothers enjoys greater pricing power than other homebuilding companies.
Housing Market Strong
Last year has been quite favorable for the housing market, possibly the best since the housing recession in 2007. Despite the weak start to 2016, thanks to equity market volatility and global concerns, the construction sector seems to have recovered on the back of strong housing fundamentals. Positives like an improving economy, modest wage growth, low unemployment levels and interest rates, positive consumer confidence, and a tight supply situation raise optimism about the sector's performance in the near term.
Improving labor markets, falling unemployment rates, low mortgage rates and a limited home supply continue to support a rise in home prices, thereby boosting homebuilders' top line. Moreover, housing has been an affordable option in 2015 as mortgage rates remained close to historic lows. They were down post Brexit as well. So from a mortgage perspective, conditions are favorable to buy a home.
Even if mortgage rates rise with the possibilities of the Fed announcing a federal fund rate hike, rates should remain reasonable, in our view, keeping housing affordable. Modest hikes in interest rates in the context of an improving economic environment can have positive impact on the housing sector.
Supply Constraints
Several years of production deficits during the housing downturn limited the supply of both rental and new homes in the country. At present, a shortage of buildable lots, skilled labor and available capital for smaller builders are limiting home production, thereby lowering the inventory of homes, both new and existing.
Again, Rising building materials and labor costs are growing concerns for the company's margin. While labor shortages are increasing wages, land prices are inflating due to limited availability. This could eat into homebuilders' margins in the forthcoming quarters.
Toll Brothers is set to report fourth quarter and fiscal 2016 results on Dec 6, 2016. For the fiscal 2016, the Zacks Consensus Estimate for earnings is pegged at $2.49, reflecting a 21.9% year-over-year increase.
Toll Brothers carries a Zacks Rank #2 (Buy).
Other Stocks to Consider
Other favorably ranked stocks in the construction industry include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON .
Gibraltar sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here
Full-year 2016 earnings for Gibraltar are expected to grow 44.9%.
Hovnanian, a Zacks Rank #2 stock, is likely to witness 190.9% growth in fiscal 2016 earnings.
AAON carries a Zacks Rank #2. Full-year 2016 earnings for the company are expected to rise 21.4%.
Confidential from Zacks
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AAON INC (AAON): Free Stock Analysis Report
TOLL BROTHERS (TOL): Free Stock Analysis Report
HOVNANIAN ENTRP (HOV): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Other favorably ranked stocks in the construction industry include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Other Stocks to Consider Other favorably ranked stocks in the construction industry include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. AAON carries a Zacks Rank #2.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other favorably ranked stocks in the construction industry include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2.
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Other Stocks to Consider Other favorably ranked stocks in the construction industry include Gibraltar Industries, Inc. ROCK , Hovnanian Enterprises Inc. HOV and AAON, Inc. AAON . AAON carries a Zacks Rank #2. Click to get this free report AAON INC (AAON): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report HOVNANIAN ENTRP (HOV): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here.
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10518.0
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2016-11-14 00:00:00 UTC
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AAON Inc (AAON) Worth a Look: Stock Adds 6% in Session
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AAON
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https://www.nasdaq.com/articles/aaon-inc-aaon-worth-a-look%3A-stock-adds-6-in-session-2016-11-14
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AAON Inc.AAON was a big mover last session, as the company saw its shares rise 6% on the day. The move came on solid volume with far more shares changing hands than in a normal trading session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $27.55 to $30.38 in the past one-month time frame.
In the last 30 days, the company has seen one upward estimate revision and the Zacks Consensus Estimate also moved higher, suggesting that more solid trading could be ahead for AAON Inc. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
AAON Inc. currently carries a Zacks Rank #2 (Buy).
AAON INC Price
AAON INC Price | AAON INC Quote
Another well-ranked Building Product-Air/HT stock is Comfort Systems USA Inc. FIX , which has the same Zacks Rank as AAON Inc. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Is AAON going up? Or down? Predict to see what others think: Up or Down
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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AAON INC (AAON): Free Stock Analysis Report
COMFORT SYSTEMS (FIX): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON Inc.AAON was a big mover last session, as the company saw its shares rise 6% on the day. In the last 30 days, the company has seen one upward estimate revision and the Zacks Consensus Estimate also moved higher, suggesting that more solid trading could be ahead for AAON Inc. AAON Inc. currently carries a Zacks Rank #2 (Buy).
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FIX , which has the same Zacks Rank as AAON Inc. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Click to get this free report AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report To read this article on Zacks.com click here. AAON Inc.AAON was a big mover last session, as the company saw its shares rise 6% on the day.
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AAON INC Price AAON INC Price | AAON INC Quote Another well-ranked Building Product-Air/HT stock is Comfort Systems USA Inc. FIX , which has the same Zacks Rank as AAON Inc. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Click to get this free report AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report To read this article on Zacks.com click here.
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AAON Inc.AAON was a big mover last session, as the company saw its shares rise 6% on the day. Is AAON going up? In the last 30 days, the company has seen one upward estimate revision and the Zacks Consensus Estimate also moved higher, suggesting that more solid trading could be ahead for AAON Inc.
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10519.0
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2016-11-02 00:00:00 UTC
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Building Product Stocks Earnings on Nov 3: AAON, IBP & More
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AAON
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https://www.nasdaq.com/articles/building-product-stocks-earnings-on-nov-3%3A-aaon-ibp-more-2016-11-02
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After a series of third-quarter 2016 earnings releases by companies in the construction sector, we are gearing up for the next batch of reports this week. In the construction space, 61.5% companies have already reported their results. According to our latest Earnings Outlook , 37.5% have surpassed earnings estimates while 12.5% beat revenue expectations.
Total earnings for these companies increased 6.4% on 7% higher revenues.
Positives like a healthier economy, improving employment levels, low interest rates, positive consumer confidence and a tight supply situation increase optimism about the sector's performance. Further, a strong home remodeling market along with solid job data and rising consumer confidence are doing the trick for these stocks.
So far, some of the leading companies in the construction sector have reported their third-quarter numbers. Masco Corporation 's MAS earnings and revenues missed the Zacks Consensus Estimate. PulteGroup Inc. 's PHM earnings were in line with the Zacks Consensus Estimate while revenues missed the same. KB Home 's KBH earnings surpassed analysts' expectations by 7.7% and also increased 83% year over year.
Let us take a look at how a few building product stocks are placed ahead of their third-quarter earnings releases on Nov 3.
AAON Inc.AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
Per our model, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings.
Thus, AAON is not likely to beat earnings this quarter as it has an Earnings ESP of 0.00% and a Zacks Rank #3.You can see the complete list of today's Zacks #1 Rank stocks here.
AAON INC Price and EPS Surprise
AAON INC Price and EPS Surprise | AAON INC Quote
For the quarter, the Zacks Consensus Estimate for earnings is pegged at 29 cents, reflecting an increase of 16% year over year, while the consensus for revenues is at $108 million, implying 14.5% year-over-year growth.
Headquartered in Columbus, OH Installed Building Products, Inc.IBP operates as a residential insulation installer in the United States. The company has a Zacks Rank #3 and Earnings ESP of 0.00%. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Our proven model does not conclusively show a beat for Installed Building this quarter. In the preceding quarter, the company posted a negative earnings surprise of 10.81%.
The company reported positive earnings surprise in only one of the past four quarters, with an average negative surprise of 8.61%.
INSTALLED BUILD Price and EPS Surprise
INSTALLED BUILD Price and EPS Surprise | INSTALLED BUILD Quote
For the quarter, the Zacks Consensus Estimate for earnings is pegged at 44 cents, reflecting an increase of 45.56% year over year, while the consensus for revenues is at $230.5 million, reflecting a 26.96% year-over-year increase.
Houston, TX-based, U.S. Concrete, Inc.USCR is a provider of ready-mixed concrete and concrete-related products and services to the construction industry in the United States.
Our model does not predict a beat for the company as it has an Earnings ESP of 0.00% and a Zacks Rank #4(Sell).
In the previous quarter, the company posted a negative earnings surprise of 52.27%. U.S. Concrete reported positive earnings surprises in two of the past four quarters, with an average beat of 1.7%.
US CONCRETE INC Price and EPS Surprise
US CONCRETE INC Price and EPS Surprise | US CONCRETE INC Quote
For the quarter, the Zacks Consensus Estimate for earnings is pegged at $1.13, reflecting a decline of 37.91% year over year, while the consensus for revenues is at $335.19 million, implying 13.58% year-over-year growth.
PGT, Inc. PGTI ) is the nation's leading manufacturer and supplier of residential impact-resistant windows and doors. The company has an Earnings ESP of 0.00% and a Zacks Rank #4 which makes it difficult to predict a beat for the company this quarter.
In the previous quarter, the company's earnings were in line with our estimates. PGT reported positive earnings surprise in one of the past four quarters, with an average positive surprise of 1.66%.
PGT INC Price and EPS Surprise
PGT INC Price and EPS Surprise | PGT INC Quote
For the quarter, the Zacks Consensus Estimate for earnings is pegged at 18 cents, reflecting an increase of 10.42% year over year, while the consensus for revenues is at $124.17 million, implying 23.34% year-over-year growth.
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MASCO (MAS): Free Stock Analysis Report
PGT INC (PGTI): Free Stock Analysis Report
AAON INC (AAON): Free Stock Analysis Report
US CONCRETE INC (USCR): Free Stock Analysis Report
PULTE GROUP ONC (PHM): Free Stock Analysis Report
KB HOME (KBH): Free Stock Analysis Report
INSTALLED BUILD (IBP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON Inc.AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. Thus, AAON is not likely to beat earnings this quarter as it has an Earnings ESP of 0.00% and a Zacks Rank #3.You can see the complete list of today's Zacks #1 Rank stocks here. AAON INC Price and EPS Surprise AAON INC Price and EPS Surprise | AAON INC Quote For the quarter, the Zacks Consensus Estimate for earnings is pegged at 29 cents, reflecting an increase of 16% year over year, while the consensus for revenues is at $108 million, implying 14.5% year-over-year growth.
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AAON INC Price and EPS Surprise AAON INC Price and EPS Surprise | AAON INC Quote For the quarter, the Zacks Consensus Estimate for earnings is pegged at 29 cents, reflecting an increase of 16% year over year, while the consensus for revenues is at $108 million, implying 14.5% year-over-year growth. Click to get this free report MASCO (MAS): Free Stock Analysis Report PGT INC (PGTI): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report US CONCRETE INC (USCR): Free Stock Analysis Report PULTE GROUP ONC (PHM): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report INSTALLED BUILD (IBP): Free Stock Analysis Report To read this article on Zacks.com click here. AAON Inc.AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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AAON INC Price and EPS Surprise AAON INC Price and EPS Surprise | AAON INC Quote For the quarter, the Zacks Consensus Estimate for earnings is pegged at 29 cents, reflecting an increase of 16% year over year, while the consensus for revenues is at $108 million, implying 14.5% year-over-year growth. Click to get this free report MASCO (MAS): Free Stock Analysis Report PGT INC (PGTI): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report US CONCRETE INC (USCR): Free Stock Analysis Report PULTE GROUP ONC (PHM): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report INSTALLED BUILD (IBP): Free Stock Analysis Report To read this article on Zacks.com click here. AAON Inc.AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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AAON Inc.AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. Thus, AAON is not likely to beat earnings this quarter as it has an Earnings ESP of 0.00% and a Zacks Rank #3.You can see the complete list of today's Zacks #1 Rank stocks here. AAON INC Price and EPS Surprise AAON INC Price and EPS Surprise | AAON INC Quote For the quarter, the Zacks Consensus Estimate for earnings is pegged at 29 cents, reflecting an increase of 16% year over year, while the consensus for revenues is at $108 million, implying 14.5% year-over-year growth.
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10520.0
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2016-06-08 00:00:00 UTC
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Beyond Pulte: 4 Construction Stocks to Buy Now
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AAON
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https://www.nasdaq.com/articles/beyond-pulte%3A-4-construction-stocks-to-buy-now-2016-06-08
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Shares of PulteGroup, Inc.PHM rose 4% on Tuesday on rumors that hedge fund, Elliott Management Corp, has bought a stake in the homebuilder amid a public battle between the board and the founder.
The Public Battle
In April, the company's largest shareholder, William J. Pulte, made public a letter he had sent to the board of directors that recommended the immediate removal of the long-time CEO, Richard Dugas, and a change in the company's direction. Pulte expressed his displeasure over the company's announcement that Dugas will retire as Chairman and CEO in May next year and requested the board to accelerate the process. Bill Pulte, his grandson, and another board member, Jim Grosfeld, criticized Dugas' decision to move the company's headquarters to Atlanta as well as change its overall performance or strategy.
In another letter, Pulte demanded that lead independent director, James J. Postl, should resign immediately from all his positions in the company. In response, James J. Postl, issued an open letter to shareholders stressing the board's strong support for Dugas and the company's value creation strategy which "has produced significantly higher profitability and shareholder returns."
Not paying heed to Pulte's requests, shareholders overwhelmingly re-elected Mr. Dugas as chairman and chief executive, along with all 10 director nominees, at Pulte's annual meeting in May.
Q1 Earnings Solid
As a measure of the company's performance, its share price has increased almost 14% year to date. Pulte posted robust first-quarter 2016 results in April with both earnings and sales beating the Zacks Consensus Estimate. Adjusted earnings of 24 cents per share surged 60% year over year on the back of higher home sales, a lower share count and taxes and an improved SG&A ratio. Home sales rose 28% as overall demand trends remained positive (read more: PulteGroup Beats Earnings & Sales, Closings Up Y/Y ).
How is the Sector Placed?
In fact, the Q1 performance across the broader construction sector was overall better than expected. Leading homebuilders, Lennar Corp.LEN and KB HomeKBH - the early birds - set the tempo for the season with positive sales and earnings surprises. Another industry bigwig D.R. Horton, Inc.DHI also beat the Zacks Consensus Estimate for both earnings and sales on the back of higher home sales. Toll Brothers, Inc.TOL , which reported its second-quarter fiscal 2016 results in late May, also beat the Zacks Consensus Estimate for both earnings and sales.
Almost all homebuilders are of the consensus that the spring selling season was off to a good start with strong demand and traffic trends. The companies are also optimistic that the growth momentum will be sustained through the rest of the year amid an improving economy, rising wages, favorable job outlook and a tight supply situation.
A flurry of housing data released in May - housing starts, new home sales and existing home sales - has also been fairly upbeat (read more: 4 Housing Stocks to Buy on Soaring New Home Sales ).
The increase in home construction not only benefits homebuilders but also spurs demand for homebuilding materials, home decoration products and other related businesses. This, in turn, boosts the growth prospects of companies manufacturing these products like Vulcan Materials CompanyVMC , Martin Marietta Materials, Inc.MLM , Masco Corp.MAS and Headwaters Inc.HW and many others. They too performed generally well in Q1.
4 Construction Stocks for Your Portfolio
With the housing sector going from strength to strength, it makes sense to pick stocks from this space. However, choosing winning stocks is important.
This is where our VGM score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM score.
We have narrowed down our search to the following stocks based on a good Zacks Rank and VGM score.
Installed Building Products, Inc.IBP operates as a residential insulation installer in the U.S.
Installed Building Products has a Zacks Rank #1 (Strong Buy) and a VGM Score of B. The company has expected earnings growth of 78.9% for the current year. Its earnings estimate for the current year has risen 9.6% over the last 60 days. The stock's price is up 47% year to date.
AAON Inc.AAON is a manufacturer of air-conditioning and heating equipment which serve the new construction and replacement end markets.
AAON has a Zacks Rank #2 (Buy) and a VGM Score of B. The company has expected earnings growth of 11.09% for the current year. Its earnings estimate for the current year has improved 1% over the last 60 days. The stock's price has risen 24% year to date.
Comfort Systems USA Inc.FIX provides comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services.
The company has a Zacks Rank #2 and a VGM Score of A. It has expected earnings growth of 8.84% for the current year. Its earnings estimate for the current year has increased 7.7% over the last 60 days. The stock's price is up 17% year to date.
Dycom Industries Inc.DY provides diverse services such as engineering, construction, maintenance and installation for cable and telephone companies.
Dycom has a Zacks Rank #1 and a VGM Score of B. The company has expected earnings growth of 30.32% for the current fiscal year. Its earnings estimate for the current year has improved 10.2% over the last 60 days. The stock's price has risen 28% year to date.
Conclusion
Things seem to be going great guns for the homebuilders and the ripple effects are being felt beyond home sales, be it new or existing homes. Home purchases generally trigger additional spending on equipment, remodelling and furnishing.
So don't miss out on our three stock choices that are superbly poised for growth.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MASCO (MAS): Free Stock Analysis Report
HEADWATERS INC (HW): Free Stock Analysis Report
AAON INC (AAON): Free Stock Analysis Report
COMFORT SYSTEMS (FIX): Free Stock Analysis Report
VULCAN MATLS CO (VMC): Free Stock Analysis Report
MARTIN MRT-MATL (MLM): Free Stock Analysis Report
DYCOM INDS (DY): Free Stock Analysis Report
PULTE GROUP ONC (PHM): Free Stock Analysis Report
LENNAR CORP -A (LEN): Free Stock Analysis Report
TOLL BROTHERS (TOL): Free Stock Analysis Report
KB HOME (KBH): Free Stock Analysis Report
D R HORTON INC (DHI): Free Stock Analysis Report
INSTALLED BUILD (IBP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON Inc.AAON is a manufacturer of air-conditioning and heating equipment which serve the new construction and replacement end markets. AAON has a Zacks Rank #2 (Buy) and a VGM Score of B. Click to get this free report MASCO (MAS): Free Stock Analysis Report HEADWATERS INC (HW): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report VULCAN MATLS CO (VMC): Free Stock Analysis Report MARTIN MRT-MATL (MLM): Free Stock Analysis Report DYCOM INDS (DY): Free Stock Analysis Report PULTE GROUP ONC (PHM): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report D R HORTON INC (DHI): Free Stock Analysis Report INSTALLED BUILD (IBP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report MASCO (MAS): Free Stock Analysis Report HEADWATERS INC (HW): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report VULCAN MATLS CO (VMC): Free Stock Analysis Report MARTIN MRT-MATL (MLM): Free Stock Analysis Report DYCOM INDS (DY): Free Stock Analysis Report PULTE GROUP ONC (PHM): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report D R HORTON INC (DHI): Free Stock Analysis Report INSTALLED BUILD (IBP): Free Stock Analysis Report To read this article on Zacks.com click here. AAON Inc.AAON is a manufacturer of air-conditioning and heating equipment which serve the new construction and replacement end markets. AAON has a Zacks Rank #2 (Buy) and a VGM Score of B.
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Click to get this free report MASCO (MAS): Free Stock Analysis Report HEADWATERS INC (HW): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report VULCAN MATLS CO (VMC): Free Stock Analysis Report MARTIN MRT-MATL (MLM): Free Stock Analysis Report DYCOM INDS (DY): Free Stock Analysis Report PULTE GROUP ONC (PHM): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report D R HORTON INC (DHI): Free Stock Analysis Report INSTALLED BUILD (IBP): Free Stock Analysis Report To read this article on Zacks.com click here. AAON Inc.AAON is a manufacturer of air-conditioning and heating equipment which serve the new construction and replacement end markets. AAON has a Zacks Rank #2 (Buy) and a VGM Score of B.
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AAON Inc.AAON is a manufacturer of air-conditioning and heating equipment which serve the new construction and replacement end markets. AAON has a Zacks Rank #2 (Buy) and a VGM Score of B. Click to get this free report MASCO (MAS): Free Stock Analysis Report HEADWATERS INC (HW): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report VULCAN MATLS CO (VMC): Free Stock Analysis Report MARTIN MRT-MATL (MLM): Free Stock Analysis Report DYCOM INDS (DY): Free Stock Analysis Report PULTE GROUP ONC (PHM): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report TOLL BROTHERS (TOL): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report D R HORTON INC (DHI): Free Stock Analysis Report INSTALLED BUILD (IBP): Free Stock Analysis Report To read this article on Zacks.com click here.
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10521.0
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2016-06-07 00:00:00 UTC
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AAON, Inc. (AAON) Ex-Dividend Date Scheduled for June 08, 2016
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AAON
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https://www.nasdaq.com/articles/aaon-inc-aaon-ex-dividend-date-scheduled-june-08-2016-2016-06-07
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AAON, Inc. ( AAON ) will begin trading ex-dividend on June 08, 2016. A cash dividend payment of $0.11 per share is scheduled to be paid on July 01, 2016. Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that AAON has paid the same dividend.
The previous trading day's last sale of AAON was $27.51, representing a -3.84% decrease from the 52 week high of $28.61 and a 45.94% increase over the 52 week low of $18.85.
AAON is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and Canon, Inc. ( CAJ ). AAON's current earnings per share, an indicator of a company's profitability, is $.88. Zacks Investment Research reports AAON's forecasted earnings growth in 2016 as 21.43%, compared to an industry average of 22.9%.
For more information on the declaration, record and payment dates, visit the AAON Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and Canon, Inc. ( CAJ ). Zacks Investment Research reports AAON's forecasted earnings growth in 2016 as 21.43%, compared to an industry average of 22.9%. For more information on the declaration, record and payment dates, visit the AAON Dividend History page.
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Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AAON, Inc. ( AAON ) will begin trading ex-dividend on June 08, 2016.
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AAON, Inc. ( AAON ) will begin trading ex-dividend on June 08, 2016. Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAON Dividend History page.
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AAON, Inc. ( AAON ) will begin trading ex-dividend on June 08, 2016. Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that AAON has paid the same dividend.
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10522.0
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2016-04-22 00:00:00 UTC
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Watsco (WSO) Shares Up on Record Q1 Earnings & Sales
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AAON
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https://www.nasdaq.com/articles/watsco-wso-shares-up-on-record-q1-earnings-sales-2016-04-22
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nan
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nan
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Watsco Inc.WSO reported record first-quarter 2016 earnings per share of 71 cents, which increased 9% year over year, driven by consistent growth in both residential and commercial markets, with continued strength in sales of high-efficiency replacement systems. Earnings, however, lagged the Zacks Consensus Estimate of 73 cents.
Total revenue in the quarter rose 5% year over year to a record $851 million, surpassing the Zacks Consensus Estimate of $843.3 million. Sales of HVAC (heating, ventilating and air conditioning) increased 7%; other HVAC products grew 4% and commercial refrigeration products increased 6%.
Watsco Inc. (WSO) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany
Shares of Watsco inched up 0.8% yesterday after the company reported record results for the first quarter on Apr 20.
Cost and Margins
Cost of sales increased 5.7% year over year to $639 million. Gross profit grew 4% year over year to $212 million while gross margin decreased 20 basis points (bps) from the year-ago quarter to 25%.
Selling, general and administrative expenses rose 2.9% year over year to $161.8 million. Income from operations increased 7.8% year over year to a record $50.7 million. Operating margin expanded 20 bps from the prior-year quarter to 6%.
Financial Operations
Watsco had cash and cash equivalents of $32.9 million at the end of first-quarter 2016 compared with $35 million at 2015 end. The company recorded cash flow from operations of $41.9 million in the reported quarter as against cash usage of $16.8 million in the prior-year period.
Watsco announced a 21% increase in its annual dividend to $3.40 per share, which came into effect from Jan 2016.
Our Take
Watsco's digital initiatives are centered on investments in scalable platforms for mobile apps, eCommerce, business intelligence and supply chain optimization. The company's strategic goals will help to further strengthen its leadership position, accelerate sales and profit growth, increase the speed and convenience of serving customers, and extend its reach to new geographies and sales channels.
Watsco has immense potential in the replacement market given an aging stock of air conditioners and heating systems in the U.S. The company will benefit from expansion of its product offering as well as logistical and productivity improvements. Dividend hikes and share repurchases will be accretive to earnings. However, foreign currency headwinds, seasonal factors and lack of acquisitions will weigh on Watsco's results.
Zacks Rank
Watsco currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the sector worth considering are AAON Inc. AAON , KB Home KBH and Masco Corporation MAS . While AAON Inc. sports a Zacks Rank #1 (Strong Buy), KB Home and Masco Corporation carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MASCO (MAS): Free Stock Analysis Report
WATSCO INC (WSO): Free Stock Analysis Report
AAON INC (AAON): Free Stock Analysis Report
KB HOME (KBH): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the sector worth considering are AAON Inc. AAON , KB Home KBH and Masco Corporation MAS . While AAON Inc. sports a Zacks Rank #1 (Strong Buy), KB Home and Masco Corporation carry a Zacks Rank #2 (Buy). Click to get this free report MASCO (MAS): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report To read this article on Zacks.com click here.
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Some better-ranked stocks in the sector worth considering are AAON Inc. AAON , KB Home KBH and Masco Corporation MAS . While AAON Inc. sports a Zacks Rank #1 (Strong Buy), KB Home and Masco Corporation carry a Zacks Rank #2 (Buy). Click to get this free report MASCO (MAS): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report MASCO (MAS): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the sector worth considering are AAON Inc. AAON , KB Home KBH and Masco Corporation MAS . While AAON Inc. sports a Zacks Rank #1 (Strong Buy), KB Home and Masco Corporation carry a Zacks Rank #2 (Buy).
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Some better-ranked stocks in the sector worth considering are AAON Inc. AAON , KB Home KBH and Masco Corporation MAS . While AAON Inc. sports a Zacks Rank #1 (Strong Buy), KB Home and Masco Corporation carry a Zacks Rank #2 (Buy). Click to get this free report MASCO (MAS): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report To read this article on Zacks.com click here.
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10523.0
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2016-04-21 00:00:00 UTC
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Universal Forest (UFPI) Beats Q1 Earnings, Revenues Lag
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AAON
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https://www.nasdaq.com/articles/universal-forest-ufpi-beats-q1-earnings-revenues-lag-2016-04-21
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nan
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nan
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Riding high on the strengthening housing market in the U.S., building products company Universal Forest Products Inc.UFPI reported record results for first-quarter 2016. The company surprised investors with a 9.2% positive earnings surprise as its earnings of 95 cents per share came in above the Zacks Consensus Estimate of 87 cents. Also, the bottom line was way above the year-ago tally of 51 cents.
Universal Forest Products Inc. - Earnings Surprise | FindTheBest
Talking of the top-line, Universal Forest Products' net sales in the quarter were $682.2 million, increasing 7.8% year over year, driven largely by growth of 17% and 9.3% in the company's retail and construction businesses, respectively. New products sales improved 32% year over year.
However, the top line lagged the Zacks Consensus Estimate of $696 million.
Segmental Details
Universal Forest Products' segmental sales sum up to total gross sales (net sales including sales allowances). In the quarter, total gross sales were $693.9 million, up 8% year over year.
The three end market-based segments, namely, Retail Building Materials, Industrial, and Housing & Construction, represented approximately 39%, 29% and 32%, respectively, of the total gross sales. A brief snapshot of end-market sales of Universal Forest Products has been provided below:
Retail Building Materials revenues were up 17% year over year to $270.7 million on the back of improved businesses from big box and independent retail customers. However, lower selling prices proved to be a headwind.
Industrial sales were recorded at $204.2 million, down 3% year over year. The fall was primarily triggered by a decline in selling prices due to lower lumber costs.
Sales in the Housing and Construction end-market were $218.9 million, up 9% year over year due to impressive businesses from commercial and residential construction customers.
Margins
Universal Forest Products' margin performance in the quarter improved year over year. As a percentage of revenues, cost of sales decreased 250 basis points (bps) to 84.9%. Gross margin improved 250 bps to 15.1%. Selling, general and administrative expenses were roughly $70.8 million, accounting for 10.4% of net sales.
Balance Sheet & Cash Flow
Exiting first-quarter 2016, Universal Forest Products' cash and cash equivalents were at $43.1 million, down from $87.8 million recorded in the preceding quarter. Long-term debt remained roughly stable at $84.5 million.
In the quarter, Universal Forest Products used cash of $30 million for its operating activities, down from roughly $50.5 million used in the year-ago quarter. Capital spent on purchase of property, plant and equipment amounted to $12.9 million as against $15.1 million used in first-quarter 2015.
Outlook: For 2016, Universal Forest Products expects an improvement in the top line, backed by addition of customers and products to its portfolio. Also, enhancement of operating margin remains the company's primary area of focus.
With a market capitalization of $1.7 billion, Universal Forest Products carries a Zacks Rank #3 (Hold). Currently, investors interested in the building products industry can consider stocks like AAON Inc. AAON , Watsco Inc. WSO and The Home Depot, Inc. HD . While AAON Inc. sports a Zacks Rank #1 (Strong Buy), both Watsco and The Home Depot carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WATSCO INC (WSO): Free Stock Analysis Report
AAON INC (AAON): Free Stock Analysis Report
HOME DEPOT (HD): Free Stock Analysis Report
UNIVL FST PRODS (UFPI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Currently, investors interested in the building products industry can consider stocks like AAON Inc. AAON , Watsco Inc. WSO and The Home Depot, Inc. HD . While AAON Inc. sports a Zacks Rank #1 (Strong Buy), both Watsco and The Home Depot carry a Zacks Rank #2 (Buy). Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report UNIVL FST PRODS (UFPI): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report UNIVL FST PRODS (UFPI): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, investors interested in the building products industry can consider stocks like AAON Inc. AAON , Watsco Inc. WSO and The Home Depot, Inc. HD . While AAON Inc. sports a Zacks Rank #1 (Strong Buy), both Watsco and The Home Depot carry a Zacks Rank #2 (Buy).
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Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report UNIVL FST PRODS (UFPI): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, investors interested in the building products industry can consider stocks like AAON Inc. AAON , Watsco Inc. WSO and The Home Depot, Inc. HD . While AAON Inc. sports a Zacks Rank #1 (Strong Buy), both Watsco and The Home Depot carry a Zacks Rank #2 (Buy).
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Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report UNIVL FST PRODS (UFPI): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, investors interested in the building products industry can consider stocks like AAON Inc. AAON , Watsco Inc. WSO and The Home Depot, Inc. HD . While AAON Inc. sports a Zacks Rank #1 (Strong Buy), both Watsco and The Home Depot carry a Zacks Rank #2 (Buy).
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10524.0
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2016-04-13 00:00:00 UTC
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Zacks.com featured expert Kevin Matras highlights: AAON, Banc of California, Facebook, John Bean Technologies and Tech Data
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AAON
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https://www.nasdaq.com/articles/zacks.com-featured-expert-kevin-matras-highlights%3A-aaon-banc-of-california-facebook-john
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nan
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For Immediate Release
Chicago, IL - April 13, 2016 - Stocks in this week's article include: AAON, Inc ( AAON ), Banc of California ( BANC ), Facebook ( FB ), John Bean Technologies ( JBT ) and Tech Data ( TECD ). Kevin Matras shows why stocks with new analyst coverage are stocks you want to have.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
Get Ready to Be Surprised This Earnings Season
With earnings season having officially begun this week, this is a good screen to use both before and after a company reports.
Like any earnings season, we're going to see both positive surprises and negative surprises.
This screen however focuses on more than just earnings surprises, but instead goes over the importance of both earnings surprises and sales surprises, and why as an investor you should care so much about them.
As you know, if a company reports earnings above expectations, that's a positive surprise, and the price in general should go up.
If the company reports earnings below expectations, that's a negative surprise, and the price in general should go down.
But a surprise is more than just a snapshot of an extra few dollars and cents a company made or lost in that one period. Instead, it's a glimpse into what a company's earnings could be, or should be, in the future.
And when these surprises occur, the market tries to quickly re-price that stock to reflect these changes.
Not All Surprises Are Created Equal
Some earnings surprises are due to revenue increases, and other earnings surprises are due to cost cutting measures.
Top line growth (or sales growth) usually produces the biggest price reaction over cost-cutting, because an increase in sales is generally thought of as more sustainable. Once you've cut costs, where's the future growth going to come from? You can only cut costs so much. You need sales to drive long term growth.
There's also guidance. What the company sees down the road is important.
If you've got a positive surprise on one hand, but then downward guidance on the other, that'll usually produce a negative reaction. Why? Because they've taken away the hope generated from the surprise by saying the future outlook will likely be weaker than expected.
There's also the idea that some surprises aren't really surprises -- either because a company has a history of continuously beating their estimates or the stock has already priced in a 'surprise' by running up or going down prior to the announcement; therefore, the 'surprise' in that direction really wasn't a surprise at all. That's where you'll sometimes see an opposite reaction to an earnings surprise - a "buy the rumor sell the fact" type event.
But while predicting which companies will surprise or not can be difficult, the benefit of an earnings surprise will typically last for one to three months after a surprise is reported.
So you can get in after a company reports a surprise, or you can try and find companies that are more likely to report a surprise, and get in ahead of time.
Screening Parameters
The screen I'm running today starts off with:
• Last EPS Surprise greater than or equal to 5%
(Stocks posting positive surprises have a tendency of surprising again.)
• Last Sales Surprise greater than or equal to 5%
(A positive sales surprise shows top line strength. And once again, a company that has surprised in the past is more likely to surprise again in the future.)
• Zacks Rank equal to 1
(Only Strong Buys can get thru.)
• Price greater than or equal to $5 and Average 20-day Volume greater than or equal to 100,000
Just these few criteria narrows down the universe from over 8,800 stocks to just over 30.
Here are 5 stocks that meet this criteria:
( AAON ) AAON, Inc.
(reports on 5/5)
( BANC ) Banc of California
(reports on 4/21)
( FB ) Facebook
(reports on 4/27)
( JBT ) John Bean Technologies
(reports on 4/27)
( TECD ) Tech Data
(reports on 5/26)
All of these companies reported both earnings surprises and sales surprises their last time out. A great combination. And I expect more of the same this time around as well.
Sign up now for your 2 week free trial to the Research Wizard and get the rest of the stocks on this list.
Click here for your 2 week free trial to the Research Wizard.
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: http://www.zacks.com/performance .
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here http://at.zacks.com/?id=112
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today . Find out What is happening in the stock market today on zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
BANC OF CA INC (BANC): Free Stock Analysis Report
FACEBOOK INC-A (FB): Free Stock Analysis Report
JOHN BEAN TECH (JBT): Free Stock Analysis Report
TECH DATA CORP (TECD): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL - April 13, 2016 - Stocks in this week's article include: AAON, Inc ( AAON ), Banc of California ( BANC ), Facebook ( FB ), John Bean Technologies ( JBT ) and Tech Data ( TECD ). Here are 5 stocks that meet this criteria: ( AAON ) AAON, Inc. (reports on 5/5) ( BANC ) Banc of California (reports on 4/21) ( FB ) Facebook (reports on 4/27) ( JBT ) John Bean Technologies (reports on 4/27) ( TECD ) Tech Data (reports on 5/26) All of these companies reported both earnings surprises and sales surprises their last time out. Click to get this free report AAON INC (AAON): Free Stock Analysis Report BANC OF CA INC (BANC): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report JOHN BEAN TECH (JBT): Free Stock Analysis Report TECH DATA CORP (TECD): Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL - April 13, 2016 - Stocks in this week's article include: AAON, Inc ( AAON ), Banc of California ( BANC ), Facebook ( FB ), John Bean Technologies ( JBT ) and Tech Data ( TECD ). Here are 5 stocks that meet this criteria: ( AAON ) AAON, Inc. (reports on 5/5) ( BANC ) Banc of California (reports on 4/21) ( FB ) Facebook (reports on 4/27) ( JBT ) John Bean Technologies (reports on 4/27) ( TECD ) Tech Data (reports on 5/26) All of these companies reported both earnings surprises and sales surprises their last time out. Click to get this free report AAON INC (AAON): Free Stock Analysis Report BANC OF CA INC (BANC): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report JOHN BEAN TECH (JBT): Free Stock Analysis Report TECH DATA CORP (TECD): Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are 5 stocks that meet this criteria: ( AAON ) AAON, Inc. (reports on 5/5) ( BANC ) Banc of California (reports on 4/21) ( FB ) Facebook (reports on 4/27) ( JBT ) John Bean Technologies (reports on 4/27) ( TECD ) Tech Data (reports on 5/26) All of these companies reported both earnings surprises and sales surprises their last time out. Click to get this free report AAON INC (AAON): Free Stock Analysis Report BANC OF CA INC (BANC): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report JOHN BEAN TECH (JBT): Free Stock Analysis Report TECH DATA CORP (TECD): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - April 13, 2016 - Stocks in this week's article include: AAON, Inc ( AAON ), Banc of California ( BANC ), Facebook ( FB ), John Bean Technologies ( JBT ) and Tech Data ( TECD ).
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For Immediate Release Chicago, IL - April 13, 2016 - Stocks in this week's article include: AAON, Inc ( AAON ), Banc of California ( BANC ), Facebook ( FB ), John Bean Technologies ( JBT ) and Tech Data ( TECD ). Here are 5 stocks that meet this criteria: ( AAON ) AAON, Inc. (reports on 5/5) ( BANC ) Banc of California (reports on 4/21) ( FB ) Facebook (reports on 4/27) ( JBT ) John Bean Technologies (reports on 4/27) ( TECD ) Tech Data (reports on 5/26) All of these companies reported both earnings surprises and sales surprises their last time out. Click to get this free report AAON INC (AAON): Free Stock Analysis Report BANC OF CA INC (BANC): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report JOHN BEAN TECH (JBT): Free Stock Analysis Report TECH DATA CORP (TECD): Free Stock Analysis Report To read this article on Zacks.com click here.
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10525.0
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2016-04-12 00:00:00 UTC
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Lennox (LII) Hits New 52-Week High on Bright Prospects
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AAON
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https://www.nasdaq.com/articles/lennox-lii-hits-new-52-week-high-on-bright-prospects-2016-04-12
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nan
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nan
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Shares of Lennox International, Inc.LII reached a new 52-week high of $140.68 during the trading session on Apr 11, 2016. This improved upon the last 52-week high of $140.29 hit on Apr 8.
Lennox International ended the session at $139.32, reflecting a solid year-to-date return of 26.8%. The trading volume for the session was 0.41 million shares. Revision in earnings estimates and an expected earnings growth rate of 19.5% for the next 5 years indicate further upward potential for this building products company.
Growth Drivers
Market sentiments have been favoring Lennox International, with share price up 11.8%, since the start of 2016. A couple of events drove the upside, including impressive results for fourth-quarter 2015 and an approval of a $200 million accelerated share buyback program.
Lennox International hopes to keep up this momentum, expanding its business organically as well as rewarding its shareholders with dividend payments and share buybacks. Adjusted earnings are predicted to come in within $6.10−$6.60 per share, up from $5.14 per share in 2015.
The company is slated to release first-quarter 2016 results on Apr 18, 2016 before the market opens. With a Zacks Rank #3 (Hold) and an Earnings ESP of +9.09% for first-quarter 2016, the company is likely to beat earnings estimates in the quarter.
Estimate Revisions Show Potency
Over the last 30 days, the Zacks Consensus Estimate for Lennox International inched up 0.2% to $6.33 per share for 2016; while the same grew 0.1% to $7.24 for 2017. This reflects year-over-year growth of 23.2% in 2016 and 14.3% in 2017.
Lennox International currently has a market capitalization of $6.1 billion. A couple of stocks in the building products industry, currently sporting a Zacks Rank #1 (Strong Buy) are AAON Inc. AAON and Beacon Roofing Supply, Inc. BECN , while another stock, Watsco Inc. WSO , carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WATSCO INC (WSO): Free Stock Analysis Report
LENNOX INTL INC (LII): Free Stock Analysis Report
AAON INC (AAON): Free Stock Analysis Report
BEACON ROOFING (BECN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A couple of stocks in the building products industry, currently sporting a Zacks Rank #1 (Strong Buy) are AAON Inc. AAON and Beacon Roofing Supply, Inc. BECN , while another stock, Watsco Inc. WSO , carries a Zacks Rank #2 (Buy). Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report To read this article on Zacks.com click here. A couple of events drove the upside, including impressive results for fourth-quarter 2015 and an approval of a $200 million accelerated share buyback program.
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A couple of stocks in the building products industry, currently sporting a Zacks Rank #1 (Strong Buy) are AAON Inc. AAON and Beacon Roofing Supply, Inc. BECN , while another stock, Watsco Inc. WSO , carries a Zacks Rank #2 (Buy). Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A couple of stocks in the building products industry, currently sporting a Zacks Rank #1 (Strong Buy) are AAON Inc. AAON and Beacon Roofing Supply, Inc. BECN , while another stock, Watsco Inc. WSO , carries a Zacks Rank #2 (Buy). Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report To read this article on Zacks.com click here. Estimate Revisions Show Potency Over the last 30 days, the Zacks Consensus Estimate for Lennox International inched up 0.2% to $6.33 per share for 2016; while the same grew 0.1% to $7.24 for 2017.
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A couple of stocks in the building products industry, currently sporting a Zacks Rank #1 (Strong Buy) are AAON Inc. AAON and Beacon Roofing Supply, Inc. BECN , while another stock, Watsco Inc. WSO , carries a Zacks Rank #2 (Buy). Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Lennox International, Inc.LII reached a new 52-week high of $140.68 during the trading session on Apr 11, 2016.
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10526.0
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2016-03-28 00:00:00 UTC
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Watsco Hits 52-Week High on Solid Q4 & Positive Outlook
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AAON
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https://www.nasdaq.com/articles/watsco-hits-52-week-high-on-solid-q4-positive-outlook-2016-03-28
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nan
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nan
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Shares of Watsco Inc.WSO reached a new 52-week high of $133.85 on Mar 24 and eventually closed at $133.71. The stock price appreciation came on the back of strong fourth-quarter 2015 results, expected synergies from the replacement market, expansion of its product offering as well as logistical and productivity improvements.
The company has a market cap of roughly $4 billion. Average volume of shares traded over the last three months is around 232K. The company's stock flaunts a one-year return of about 9.2% and a year-to-date return of around 14%.
Growth Drivers
Shares of Watsco have been rising since the company reported its fourth-quarter results, wherein earnings per share of 75 cents increased 9% year over year and beat the Zacks Consensus Estimate of 73 cents. Net sales also improved in the quarter, increasing 3% year over year to a record $903 million.
The outperformance was driven by record sales, market share gains and an all-time high cash flow. Watsco witnessed consistent growth in both residential and commercial markets, with continued strength in sales of high-efficiency replacement systems. The company expects the healthy momentum to continue in 2016.
Watsco's digital initiatives are centered on investments in scalable platforms for mobile apps, e-commerce, business intelligence and supply chain optimization. Watsco's strategic goals will help to further strengthen its leadership position, accelerate sales and profit growth, increase the speed and convenience of serving customers, and extend the company's reach to new geographies and sales channels.
Watsco has immense potential in the replacement market given an aging stock of air conditioners and heating systems in the U.S. The company will benefit from the expansion of its product offering as well as logistical and productivity improvements. Moreover, share repurchases will be accretive to earnings.
Watsco currently holds a Zacks Rank #2 (Buy).
Stocks to Consider
Some better-ranked stocks in the same sector worth considering include AAON Inc. AAON , Graña y Montero S.A.A. GRAM and Headwaters Incorporated HW . All three stocks sport a Zacks Rank #1 (Strong Buy).
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HEADWATERS INC (HW): Free Stock Analysis Report
GRANA Y MONTERO (GRAM): Free Stock Analysis Report
WATSCO INC (WSO): Free Stock Analysis Report
AAON INC (AAON): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Some better-ranked stocks in the same sector worth considering include AAON Inc. AAON , Graña y Montero S.A.A. Click to get this free report HEADWATERS INC (HW): Free Stock Analysis Report GRANA Y MONTERO (GRAM): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report To read this article on Zacks.com click here. The outperformance was driven by record sales, market share gains and an all-time high cash flow.
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Click to get this free report HEADWATERS INC (HW): Free Stock Analysis Report GRANA Y MONTERO (GRAM): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the same sector worth considering include AAON Inc. AAON , Graña y Montero S.A.A. The stock price appreciation came on the back of strong fourth-quarter 2015 results, expected synergies from the replacement market, expansion of its product offering as well as logistical and productivity improvements.
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Click to get this free report HEADWATERS INC (HW): Free Stock Analysis Report GRANA Y MONTERO (GRAM): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the same sector worth considering include AAON Inc. AAON , Graña y Montero S.A.A. The stock price appreciation came on the back of strong fourth-quarter 2015 results, expected synergies from the replacement market, expansion of its product offering as well as logistical and productivity improvements.
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Click to get this free report HEADWATERS INC (HW): Free Stock Analysis Report GRANA Y MONTERO (GRAM): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the same sector worth considering include AAON Inc. AAON , Graña y Montero S.A.A. The stock price appreciation came on the back of strong fourth-quarter 2015 results, expected synergies from the replacement market, expansion of its product offering as well as logistical and productivity improvements.
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10527.0
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2016-03-21 00:00:00 UTC
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Universal Forest Hits a 52-Week High on Great Prospects
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AAON
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https://www.nasdaq.com/articles/universal-forest-hits-a-52-week-high-on-great-prospects-2016-03-21
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nan
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nan
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Shares of Universal Forest Products Inc.UFPI reached a new 52-week high of $84.12 during the trading session on Mar 18, 2016. This improved upon the last 52-week high of $81.20 hit on Mar 14.
Universal Forest Products ended the session at $83.58, reflecting a solid year-to-date return of 22.2%. The trading volume for the session was 0.36 million shares. Upward revision in earnings estimates and an expected earnings growth rate of 10% for the next 5 years indicate further potential for this building wood products company.
Growth Drivers
Universal Forest Products impressed its investors with positive earnings surprises in all the four quarters of 2015, averaging 12.6%. Last quarter, the company's earnings of 93 cents per share beat the Zacks Consensus Estimate by 19.2%. For 2016, the company expects an improvement in the top line, backed by an addition of customers and products to its portfolio. Also, enhancement of operating margin remains the company's primary area of focus.
Also, Universal Forest Products is working diligently through organic and inorganic means to improve its products and services, so as to tap new market opportunities. The company plans to spend roughly $70−$75 million in 2016, including $40 million of expansion rate capital expenditure. Moreover, rewarding shareholders with dividend payments and share buyback remains a priority for the company.
Estimate Revisions Show Potency
Over the last 60 days, the Zacks Consensus Estimate for Universal Forest Products increased 4.6% to $4.55 per share for 2016 while the same grew 9.3% to $4.92 for 2017. These estimates represent year-over-year growth of 14% for 2016 and 8.1% for 2017.
With a market capitalization of $1.7 billion, Universal Forest Products currently sports a Zacks Rank #1 (Strong Buy). Other stocks worth considering in the building products industry are AAON Inc. AAON , Watsco Inc. WSO and Beacon Roofing Supply, Inc. BECN . While AAON Inc. sports the same rank as Universal Forest, both Watsco and Beacon Roofing Supply carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WATSCO INC (WSO): Free Stock Analysis Report
AAON INC (AAON): Free Stock Analysis Report
BEACON ROOFING (BECN): Free Stock Analysis Report
UNIVL FST PRODS (UFPI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other stocks worth considering in the building products industry are AAON Inc. AAON , Watsco Inc. WSO and Beacon Roofing Supply, Inc. BECN . While AAON Inc. sports the same rank as Universal Forest, both Watsco and Beacon Roofing Supply carry a Zacks Rank #2 (Buy). Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report UNIVL FST PRODS (UFPI): Free Stock Analysis Report To read this article on Zacks.com click here.
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Other stocks worth considering in the building products industry are AAON Inc. AAON , Watsco Inc. WSO and Beacon Roofing Supply, Inc. BECN . While AAON Inc. sports the same rank as Universal Forest, both Watsco and Beacon Roofing Supply carry a Zacks Rank #2 (Buy). Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report UNIVL FST PRODS (UFPI): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report UNIVL FST PRODS (UFPI): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth considering in the building products industry are AAON Inc. AAON , Watsco Inc. WSO and Beacon Roofing Supply, Inc. BECN . While AAON Inc. sports the same rank as Universal Forest, both Watsco and Beacon Roofing Supply carry a Zacks Rank #2 (Buy).
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Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report UNIVL FST PRODS (UFPI): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth considering in the building products industry are AAON Inc. AAON , Watsco Inc. WSO and Beacon Roofing Supply, Inc. BECN . While AAON Inc. sports the same rank as Universal Forest, both Watsco and Beacon Roofing Supply carry a Zacks Rank #2 (Buy).
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10528.0
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2016-03-15 00:00:00 UTC
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AAON Inc. (AAON): Strong Industry, Solid Earnings Estimate Revisions
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AAON
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https://www.nasdaq.com/articles/aaon-inc.-aaon%3A-strong-industry-solid-earnings-estimate-revisions-2016-03-15
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nan
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nan
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One stock that might be an intriguing choice for investors right now is AAON Inc.AAON . This is because this security in the Building Products-Air Conditioner/Heater space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Building Products-Air Conditioner/Heater space as it currently has a Zacks Industry Rank of 14 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, AAON Inc. is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from 18 cents per share to 20 cents per share, while current year estimates have risen from 93 cents per share to $1.01 per share. This has helped AAON to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position.
So, if you are looking for a decent pick in a strong industry, consider AAON Inc.. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This has helped AAON to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. One stock that might be an intriguing choice for investors right now is AAON Inc.AAON . Meanwhile, AAON Inc. is actually looking pretty good on its own too.
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One stock that might be an intriguing choice for investors right now is AAON Inc.AAON . Meanwhile, AAON Inc. is actually looking pretty good on its own too. This has helped AAON to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position.
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So, if you are looking for a decent pick in a strong industry, consider AAON Inc.. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment. Click to get this free report AAON INC (AAON): Free Stock Analysis Report To read this article on Zacks.com click here. One stock that might be an intriguing choice for investors right now is AAON Inc.AAON .
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So, if you are looking for a decent pick in a strong industry, consider AAON Inc.. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment. One stock that might be an intriguing choice for investors right now is AAON Inc.AAON . Meanwhile, AAON Inc. is actually looking pretty good on its own too.
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10529.0
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2016-03-10 00:00:00 UTC
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Will AAON (AAON) Continue to Surge Higher?
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AAON
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https://www.nasdaq.com/articles/will-aaon-aaon-continue-to-surge-higher-2016-03-10
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nan
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nan
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As of late, it has definitely been a great time to be an investor in AAON Inc.AAON . The stock has moved higher by 24.3% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you consider AAON's recent earnings estimate revision activity. From this look, the company's future is quite favorable; as AAON has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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From this look, the company's future is quite favorable; as AAON has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company. As of late, it has definitely been a great time to be an investor in AAON Inc.AAON . We certainly think that this might be the case, particularly if you consider AAON's recent earnings estimate revision activity.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in AAON Inc.AAON . We certainly think that this might be the case, particularly if you consider AAON's recent earnings estimate revision activity.
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From this look, the company's future is quite favorable; as AAON has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company. Click to get this free report AAON INC (AAON): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in AAON Inc.AAON .
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From this look, the company's future is quite favorable; as AAON has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company. As of late, it has definitely been a great time to be an investor in AAON Inc.AAON . We certainly think that this might be the case, particularly if you consider AAON's recent earnings estimate revision activity.
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10530.0
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2016-03-10 00:00:00 UTC
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Bet on Bull Market with These Strong Momentum Stocks
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AAON
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https://www.nasdaq.com/articles/bet-on-bull-market-with-these-strong-momentum-stocks-2016-03-10
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nan
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nan
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Global headwinds such as growth issues in China, crashing commodity prices and volatile oil prices had kept international markets at its toes for a while. With China and oil playing foul, global growth prospects remained clouded, dampening investors' confidence. This was evident from the massive sell-off in the early part of this year.
Moreover, the Central Banks had little room to work with some countries even deploying a negative interest rate policy and economic data displaying some eerily similar patterns that led to recessions in the past. All these pointed to a global recession in 2016.
Why Things Look Greener Now
Though persistent slowdown in the world's second largest economy and a relentless slide in crude oil intensify fears of a global slowdown and deflation, the U.S. stock market has shown some recovery in the past one month amid heightened uncertainty. The S&P 500 index gained over 7% in the past one month.
Moreover, the U.S. economy has regained momentum after a sluggish fourth quarter, given the slew of encouraging data pertaining to retail sales, consumer spending, producer prices, factory production and inflation. The recent strong jobs data further eased fears of a recession in the U.S. and infused signs of confidence into the economy.
While tepid wage growth remains a matter of concern, a solid hiring number is strong enough to support the Federal Reserve's gradual interest rates hike this year.
U.S. Bull Run Celebrates 7th Birthday
To top that, the U.S. stock market finally completed its seventh year of "Bull Run" on Mar 9, despite persistent global hurdles. Though the S&P 500 index declined over 4% in its 7th year, it has risen 194% from the bear-market bottom of 676.53 on Mar 9, 2009. This is the longest Bull Run since the 1940s.
While consumer confidence is on the rise with increased spending power, a thriving auto industry, and a recovery in the housing market, the optimism is likely to continue as the bull market enters its eighth year, but with high levels of volatility.
"The more fun part of the bull market is probably over," said Russ Koesterich, global chief investment strategist at BlackRock. "It doesn't mean stocks can't advance. But the gains are going to be more muted - and accompanied by more volatility."
Stocks to Bet on
We have shortlisted stocks that have a Zacks Rank #1 (Strong Buy) or #2 (Buy) along with Zacks Momentum Style Score of 'A' and projected EPS growth rate (F1/F0) of 10% or higher. Rising earnings estimates and a strong earnings momentum should help them outperform the market in the eighth year too.
The Walt Disney CompanyDIS : The California-based company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.
Zacks Rank #2
Momentum Score: 'A'
7-Year Returns: 582%
Projected EPS Growth (F1/F0): 12.15%
Delta Air Lines, Inc.DAL : Headquartered in Georgia, the company provides scheduled air transportation for passengers and cargo in the U.S. and internationally. Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service.
Zacks Rank #2
Momentum Score: 'A'
7-Year Returns: 1046%
Projected EPS Growth (F1/F0): 47.85%
BJ's Restaurants, Inc.BJRI : Based in California, the company owns and operates casual dining restaurants under the BJ's Restaurant and Brewery, BJ's Restaurant and Brewhouse or BJ's Pizza & Grill brand names.
Zacks Rank #2
Momentum Score: 'A'
7-Year Returns: 328%
Projected EPS Growth (F1/F0): 18.44%
AAON Inc.AAON : The Oklahoma-based company is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. Its products serve the new construction and replacement markets.
Zacks Rank #1
Momentum Score: 'A'
7-Year Returns: 509%
Projected EPS Growth (F1/F0): 20.24%
Domino's Pizza, Inc.DPZ : Headquartered in Michigan, Domino's is the recognized world leader in pizza delivery, operating a network of company-owned and franchise-owned stores in the U.S. and international markets.
Zacks Rank #2
Momentum Score: 'A'
7-Year Returns: 2518%
Projected EPS Growth (F1/F0): 21.16%
Extra Space Storage Inc.EXR : Based in Utah, the company is a fully integrated, self-administered and self-managed real estate investment trust that acquires, develops and operates self-storage facilities.
Zacks Rank #2
Momentum Score: 'A'
7-Year Returns: 2003%
Projected EPS Growth (F1/F0): 18.85%
Smith & Wesson Holding CorporationSWHC : The Massachusetts-based company is one of the world's leading producers of quality handguns, law enforcement products and firearm safety and security products.
Zacks Rank #1
Momentum Score: 'A'
7-Year Returns: 548%
Projected EPS Growth (F1/F0): 66.67%
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DELTA AIR LINES (DAL): Free Stock Analysis Report
DISNEY WALT (DIS): Free Stock Analysis Report
AAON INC (AAON): Free Stock Analysis Report
SMITH & WESSON (SWHC): Free Stock Analysis Report
DOMINOS PIZZA (DPZ): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
EXTRA SPACE STG (EXR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Zacks Rank #2 Momentum Score: 'A' 7-Year Returns: 328% Projected EPS Growth (F1/F0): 18.44% AAON Inc.AAON : The Oklahoma-based company is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. Click to get this free report DELTA AIR LINES (DAL): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report SMITH & WESSON (SWHC): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the Central Banks had little room to work with some countries even deploying a negative interest rate policy and economic data displaying some eerily similar patterns that led to recessions in the past.
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Click to get this free report DELTA AIR LINES (DAL): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report SMITH & WESSON (SWHC): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank #2 Momentum Score: 'A' 7-Year Returns: 328% Projected EPS Growth (F1/F0): 18.44% AAON Inc.AAON : The Oklahoma-based company is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. Zacks Rank #2 Momentum Score: 'A' 7-Year Returns: 1046% Projected EPS Growth (F1/F0): 47.85% BJ's Restaurants, Inc.BJRI : Based in California, the company owns and operates casual dining restaurants under the BJ's Restaurant and Brewery, BJ's Restaurant and Brewhouse or BJ's Pizza & Grill brand names.
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Click to get this free report DELTA AIR LINES (DAL): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report SMITH & WESSON (SWHC): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank #2 Momentum Score: 'A' 7-Year Returns: 328% Projected EPS Growth (F1/F0): 18.44% AAON Inc.AAON : The Oklahoma-based company is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. Stocks to Bet on We have shortlisted stocks that have a Zacks Rank #1 (Strong Buy) or #2 (Buy) along with Zacks Momentum Style Score of 'A' and projected EPS growth rate (F1/F0) of 10% or higher.
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Zacks Rank #2 Momentum Score: 'A' 7-Year Returns: 328% Projected EPS Growth (F1/F0): 18.44% AAON Inc.AAON : The Oklahoma-based company is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. Click to get this free report DELTA AIR LINES (DAL): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report SMITH & WESSON (SWHC): Free Stock Analysis Report DOMINOS PIZZA (DPZ): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank #2 Momentum Score: 'A' 7-Year Returns: 582% Projected EPS Growth (F1/F0): 12.15% Delta Air Lines, Inc.DAL : Headquartered in Georgia, the company provides scheduled air transportation for passengers and cargo in the U.S. and internationally.
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10531.0
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2016-03-03 00:00:00 UTC
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AAON: 3 Reasons Why AAON Is a Top Choice for Momentum Investors
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AAON
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https://www.nasdaq.com/articles/aaon%3A-3-reasons-why-aaon-is-a-top-choice-for-momentum-investors-2016-03-03
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nan
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nan
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Many investors like to look for momentum in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for momentum investors in the near term.
This method discovered several great candidates for momentum-oriented investors, but today let's focus in on AAON Inc. AAON as this stock is looking especially impressive right now. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for AAON's status as a solid momentum stock below:
Short Term Price Change for AAON
A great place to look for finding momentum stocks is by inspecting short term price activity. This can help to reflect the current interest in a stock and if buyers or sellers have the upper hand right now. It is especially useful to compare it to the industry as this can help investors pinpoint the top companies in a particular area.
With a one week price change of 0.19% compared to an industry average of 0.04%, AAON is certainly well-positioned in this regard. The stock is also looking quite well from a longer time frame too, as the four week price change compares favorably with the industry at large as well.
Longer Term Price Change for AAON
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. That is why looking at longer term price metrics-such as performance over the past three months or year-- and comparing these to an industry at large can be very useful.
And in the case of AAON, the results are quite impressive. The company has beaten out the industry at large over the past 12 weeks by a margin of 3.1% to -6% while it has also outperformed when looking at the past year, putting up a gain of 7.50%. Clearly, AAON is riding a bit of a hot streak and is worth a closer look by investors.
AAON Earnings Estimate Revisions Moving in the Right Direction
While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends. A nice path here can really help to show us a promising stock, and we have actually been seeing that with AAON as of late too.
Over the past two months, 1 earnings estimate have gone higher compared to none lower for the full year, while we are also seeing that 1 estimate has moved upwards with no downward revisions for the next year time frame too. These revisions have helped to boost the consensus estimate as two months ago AAON was expected to post earnings of 93 cents/share for the full year, though today it looks to have EPS of $1.01 for the full year now, representing a solid increase which is something that should definitely be welcomed news to would-be investors.
Bottom Line
Given these factors, investors shouldn't be surprised to note that we have AAON as a security with a Zacks Rank #1 (Strong Buy) and a Momentum Score of 'A '. So if you are looking for a fresh pick that has potential to move in the right direction, definitely keep AAON on your short list as this looks be a stock that is very well-positioned to soar in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for AAON's status as a solid momentum stock below: Short Term Price Change for AAON A great place to look for finding momentum stocks is by inspecting short term price activity. Bottom Line Given these factors, investors shouldn't be surprised to note that we have AAON as a security with a Zacks Rank #1 (Strong Buy) and a Momentum Score of 'A '. This method discovered several great candidates for momentum-oriented investors, but today let's focus in on AAON Inc. AAON as this stock is looking especially impressive right now.
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And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for AAON's status as a solid momentum stock below: Short Term Price Change for AAON A great place to look for finding momentum stocks is by inspecting short term price activity. AAON Earnings Estimate Revisions Moving in the Right Direction While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends. This method discovered several great candidates for momentum-oriented investors, but today let's focus in on AAON Inc. AAON as this stock is looking especially impressive right now.
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This method discovered several great candidates for momentum-oriented investors, but today let's focus in on AAON Inc. AAON as this stock is looking especially impressive right now. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for AAON's status as a solid momentum stock below: Short Term Price Change for AAON A great place to look for finding momentum stocks is by inspecting short term price activity. Click to get this free report AAON INC (AAON): Free Stock Analysis Report To read this article on Zacks.com click here.
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This method discovered several great candidates for momentum-oriented investors, but today let's focus in on AAON Inc. AAON as this stock is looking especially impressive right now. With a one week price change of 0.19% compared to an industry average of 0.04%, AAON is certainly well-positioned in this regard. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for AAON's status as a solid momentum stock below: Short Term Price Change for AAON A great place to look for finding momentum stocks is by inspecting short term price activity.
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10532.0
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2016-03-02 00:00:00 UTC
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Manufacturing Data Point to Recovery: ETFs, Stocks to Consider
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AAON
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https://www.nasdaq.com/articles/manufacturing-data-point-to-recovery%3A-etfs-stocks-to-consider-2016-03-02
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nan
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nan
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The U.S. manufacturing sector saw a silver lining in February after a prolonged sluggishness. This was indicated by the recent manufacturing report from the Institute for Supply Management (ISM). As per ISM, PMI was 49.5 in February (a reading of 50 or higher points to growth), beating January's reading by 1.3 percentage points.
Though the latest reading has come in below 50 for the fifth successive month, ISM talked of overall recovery. The data showed an increase for the second month in a row in February. There was stepped-up production and new orders seen at higher levels .
So far a stronger greenback, huge capex cuts by energy companies to fight back the plunge in oil prices and soft demand in the wake of global growth worries were keeping a check on the sector. Inventory accumulations also put a lid on factory activity .
Also, construction spending jumped to the highest level since 2007 in January. Plus, solid consumer spending, a healing labor market and improving industrial production point to the fact that the U.S. economic growth probably has legs, and that the recession fear is overblown. ISM noted that out of the 18 manufacturing sectors under coverage, nine witnessed growth in February.
Needless to say, the upbeat data points once again sparked off Fed hike talks and pushed up the benchmark Treasury bond yields by 9 bps to 1.83% on March 1. While the report prompted a risk-on movement in the overall market, specific comers like industrial and construction companies need extra attention.
While almost all industrial and construction ETFs in the space experienced a rise post upbeat data, we highlight one from the each category that gained the most.
ETF Picks
RBA American Industrial Renaissance ETF (AIRR)
This fund provides exposure to the small and mid cap stocks in the industrial and community banking sectors by tracking the Richard Bernstein Advisors American Industrial Renaissance Index. The portfolio results in a basket of 39 securities, which are widely spread out across components with none holding more than 4.80% of assets (read: Invest in America with These 4 ETFs ).
The fund is often overlooked by investors as depicted by its AUM of $30 million and average daily volume of about 19,000 shares. The Zacks Rank #3 (Hold) fund with a High risk outlook charges 70 bps in fees per year and has lost 2.1% so far this year (as of March 1, 2016). However, AIRR was up over 2.4% on March 1, 2016.
Dynamic Build & Construction (PKB)
As far as construction companies are concerned, several homebuilding companies like ETRACS ISE Exclusively Homebuilders ETN (HOMX) , iShares U.S. Home Construction ETF (ITB) and SPDR Homebuilders ETF (XHB) returned better than PKB post data release (read: Time to Buy Housing ETFs Despite Mixed D.R. Horton Earnings? ).
But here we focus more on broad-based construction activities, rather than having a concentrated approach to housing companies. PKB has just 10% exposure in home builders while engineering and construction companies take the top spot with about 23% of the fund.
PKB seeks to track the performance of the Dynamic Building & Construction Intellidex Index. It holds a
basket of 30 stocks and has an expense ratio of 0.63%. The product has amassed nearly $59.4 million in its asset base and trades in a light volume of around 18,000 million shares per day on average. The ETF has lost 4.2% in the year-to-date frame, but added 2.2% on March 1. It has a Zacks ETF Rank #2 with a High risk outlook.
Stock Picks
Many construction stocks will definitely enjoy price appreciation from recovering fundamentals. We highlight two stocks with a top Zacks Rank #1 (Strong Buy) and a Momentum Style Score of A or B (at the time of writing) that are expected to outperform their peers in the months ahead.
Gibraltar Industries Inc. (ROCK)
This New York-based company manufactures and distributes building products in North America, Europe, and Asia. The stock has a Growth score of 'A', Momentum score of 'B' and a Value score of 'B'. The underlying sector of the stock is in the top 22% of the Zacks Industry Universe. ROCK is off 0.6% so far this year but added about 2.4% on March 1.
AAON Inc. (AAON)
This Oklahoma-based company manufactures and sells air-conditioning and heating equipment in the United States and Canada. The stock has a Growth score of 'B' and Momentum score of 'A'. However, the stock does not score on value with an 'F'. The underlying sector of the stock is in the top 5% of the Zacks Industry Universe. AAON is up 9.9% so far this year and advanced about 2.9% on March 1.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FT-RBA AMER IND (AIRR): ETF Research Reports
PWRSH-DYN BLDG (PKB): ETF Research Reports
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
AAON INC (AAON): Free Stock Analysis Report
SPDR-SP HOMEBLD (XHB): ETF Research Reports
ISHARS-US HO CO (ITB): ETF Research Reports
E-TRC ISE EH (HOMX): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON Inc. (AAON) This Oklahoma-based company manufactures and sells air-conditioning and heating equipment in the United States and Canada. AAON is up 9.9% so far this year and advanced about 2.9% on March 1. Click to get this free report FT-RBA AMER IND (AIRR): ETF Research Reports PWRSH-DYN BLDG (PKB): ETF Research Reports GIBRALTAR INDUS (ROCK): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report SPDR-SP HOMEBLD (XHB): ETF Research Reports ISHARS-US HO CO (ITB): ETF Research Reports E-TRC ISE EH (HOMX): ETF Research Reports To read this article on Zacks.com click here.
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Click to get this free report FT-RBA AMER IND (AIRR): ETF Research Reports PWRSH-DYN BLDG (PKB): ETF Research Reports GIBRALTAR INDUS (ROCK): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report SPDR-SP HOMEBLD (XHB): ETF Research Reports ISHARS-US HO CO (ITB): ETF Research Reports E-TRC ISE EH (HOMX): ETF Research Reports To read this article on Zacks.com click here. AAON Inc. (AAON) This Oklahoma-based company manufactures and sells air-conditioning and heating equipment in the United States and Canada. AAON is up 9.9% so far this year and advanced about 2.9% on March 1.
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Click to get this free report FT-RBA AMER IND (AIRR): ETF Research Reports PWRSH-DYN BLDG (PKB): ETF Research Reports GIBRALTAR INDUS (ROCK): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report SPDR-SP HOMEBLD (XHB): ETF Research Reports ISHARS-US HO CO (ITB): ETF Research Reports E-TRC ISE EH (HOMX): ETF Research Reports To read this article on Zacks.com click here. AAON Inc. (AAON) This Oklahoma-based company manufactures and sells air-conditioning and heating equipment in the United States and Canada. AAON is up 9.9% so far this year and advanced about 2.9% on March 1.
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Click to get this free report FT-RBA AMER IND (AIRR): ETF Research Reports PWRSH-DYN BLDG (PKB): ETF Research Reports GIBRALTAR INDUS (ROCK): Free Stock Analysis Report AAON INC (AAON): Free Stock Analysis Report SPDR-SP HOMEBLD (XHB): ETF Research Reports ISHARS-US HO CO (ITB): ETF Research Reports E-TRC ISE EH (HOMX): ETF Research Reports To read this article on Zacks.com click here. AAON Inc. (AAON) This Oklahoma-based company manufactures and sells air-conditioning and heating equipment in the United States and Canada. AAON is up 9.9% so far this year and advanced about 2.9% on March 1.
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10533.0
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2016-03-01 00:00:00 UTC
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New Strong Buy Stocks for March 1st
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AAON
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-march-1st-2016-03-01
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #Array (Strong Buy) list today:
AAON, Inc.AAON
Alleghany CorporationY
Amber Road IncAMBR
Benefitfocus IncBNFT
Blue Capital Reinsurance Holdings LtdBCRH
View the entire Zacks Rank #Array List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
ALLEGHANY CORP (Y): Free Stock Analysis Report
BLUE CAP REINSR (BCRH): Free Stock Analysis Report
AMBER ROAD INC (AMBR): Free Stock Analysis Report
BENEFITFOCUS (BNFT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #Array (Strong Buy) list today: AAON, Inc.AAON Alleghany CorporationY Amber Road IncAMBR Benefitfocus IncBNFT Blue Capital Reinsurance Holdings LtdBCRH View the entire Zacks Rank #Array List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report ALLEGHANY CORP (Y): Free Stock Analysis Report BLUE CAP REINSR (BCRH): Free Stock Analysis Report AMBER ROAD INC (AMBR): Free Stock Analysis Report BENEFITFOCUS (BNFT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #Array (Strong Buy) list today: AAON, Inc.AAON Alleghany CorporationY Amber Road IncAMBR Benefitfocus IncBNFT Blue Capital Reinsurance Holdings LtdBCRH View the entire Zacks Rank #Array List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report ALLEGHANY CORP (Y): Free Stock Analysis Report BLUE CAP REINSR (BCRH): Free Stock Analysis Report AMBER ROAD INC (AMBR): Free Stock Analysis Report BENEFITFOCUS (BNFT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #Array (Strong Buy) list today: AAON, Inc.AAON Alleghany CorporationY Amber Road IncAMBR Benefitfocus IncBNFT Blue Capital Reinsurance Holdings LtdBCRH View the entire Zacks Rank #Array List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report ALLEGHANY CORP (Y): Free Stock Analysis Report BLUE CAP REINSR (BCRH): Free Stock Analysis Report AMBER ROAD INC (AMBR): Free Stock Analysis Report BENEFITFOCUS (BNFT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #Array (Strong Buy) list today: AAON, Inc.AAON Alleghany CorporationY Amber Road IncAMBR Benefitfocus IncBNFT Blue Capital Reinsurance Holdings LtdBCRH View the entire Zacks Rank #Array List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report ALLEGHANY CORP (Y): Free Stock Analysis Report BLUE CAP REINSR (BCRH): Free Stock Analysis Report AMBER ROAD INC (AMBR): Free Stock Analysis Report BENEFITFOCUS (BNFT): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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10534.0
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2015-11-12 00:00:00 UTC
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AAON (AAON) Enters Overbought Territory
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AAON
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https://www.nasdaq.com/articles/aaon-aaon-enters-overbought-territory-2015-11-12
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nan
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nan
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AAON, Inc. AAON has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because AAON is now in overbought territory with an RSI value of 71.41.
What is RSI?
RSI stands for 'Relative Strength Index' and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.
Other Factors
Yet AAON's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in AAON's stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of AAON's prospects for the near term.
Over the past two months, investors have witnessed 1 earnings estimate revision lower compared to none higher for the current year. The consensus estimate for AAON has also been on a downward trend over the same time period too, as the estimate has fallen from $0.85/share two months ago to just $0.80/share today.
If this wasn't enough, AAON also has a Zacks Rank #4 (Sell) which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This is especially true when investors dive into some of these revisions in order to get a better picture of AAON's prospects for the near term. If this wasn't enough, AAON also has a Zacks Rank #4 (Sell) which puts it into unfortunate company among its peers. AAON, Inc. AAON has moved higher as of late, but there could definitely be trouble on the horizon for this company.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report To read this article on Zacks.com click here. AAON, Inc. AAON has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because AAON is now in overbought territory with an RSI value of 71.41.
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Other Factors Yet AAON's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in AAON's stock as of late. Click to get this free report AAON INC (AAON): Free Stock Analysis Report To read this article on Zacks.com click here. AAON, Inc. AAON has moved higher as of late, but there could definitely be trouble on the horizon for this company.
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Other Factors Yet AAON's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in AAON's stock as of late. The consensus estimate for AAON has also been on a downward trend over the same time period too, as the estimate has fallen from $0.85/share two months ago to just $0.80/share today. AAON, Inc. AAON has moved higher as of late, but there could definitely be trouble on the horizon for this company.
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10535.0
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2015-11-03 00:00:00 UTC
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AAON Inc (AAON) Catches Eye: Stock Adds 6% in Session
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AAON
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https://www.nasdaq.com/articles/aaon-inc-aaon-catches-eye%3A-stock-adds-6-in-session-2015-11-03
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nan
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nan
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AAON Inc.AAON was a big mover last session, as the company saw its shares rise almost 6% on the day. The upside came on the company's announcement of operating results for third-quarter 2015, a regular semi-annual cash dividend of $0.11 per share and authorization of a $25 million share buyback program. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $20.03 to $21.50 in the past one-month time frame.
In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
AAON Inc. carries a Zacks Rank #3 (Hold).
A better-ranked stock from the broader industrial products sector is Albany International Corp. AIN , which sports a Zacks Rank #1 (Strong Buy).
Is AAON going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
ALBANY INTL A (AIN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON Inc.AAON was a big mover last session, as the company saw its shares rise almost 6% on the day. AAON Inc. carries a Zacks Rank #3 (Hold). Is AAON going up?
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report ALBANY INTL A (AIN): Free Stock Analysis Report To read this article on Zacks.com click here. AAON Inc.AAON was a big mover last session, as the company saw its shares rise almost 6% on the day. AAON Inc. carries a Zacks Rank #3 (Hold).
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report ALBANY INTL A (AIN): Free Stock Analysis Report To read this article on Zacks.com click here. AAON Inc.AAON was a big mover last session, as the company saw its shares rise almost 6% on the day. AAON Inc. carries a Zacks Rank #3 (Hold).
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AAON Inc.AAON was a big mover last session, as the company saw its shares rise almost 6% on the day. AAON Inc. carries a Zacks Rank #3 (Hold). Is AAON going up?
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10536.0
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2015-08-24 00:00:00 UTC
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AAON Becomes Oversold
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AAON
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https://www.nasdaq.com/articles/aaon-becomes-oversold-2015-08-24
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Monday, shares of AAON, Inc. (Symbol: AAON) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $20.135 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 22.4. A bullish investor could look at AAON's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAON shares: Looking at the chart above, AAON's low point in its 52 week range is $16.78 per share, with $25.17 as the 52 week high point - that compares with a last trade of $20.47.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of AAON, Inc. (Symbol: AAON) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $20.135 per share. A bullish investor could look at AAON's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAON shares: Looking at the chart above, AAON's low point in its 52 week range is $16.78 per share, with $25.17 as the 52 week high point - that compares with a last trade of $20.47.
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The chart below shows the one year performance of AAON shares: Looking at the chart above, AAON's low point in its 52 week range is $16.78 per share, with $25.17 as the 52 week high point - that compares with a last trade of $20.47. In trading on Monday, shares of AAON, Inc. (Symbol: AAON) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $20.135 per share. A bullish investor could look at AAON's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Monday, shares of AAON, Inc. (Symbol: AAON) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $20.135 per share. The chart below shows the one year performance of AAON shares: Looking at the chart above, AAON's low point in its 52 week range is $16.78 per share, with $25.17 as the 52 week high point - that compares with a last trade of $20.47. A bullish investor could look at AAON's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Monday, shares of AAON, Inc. (Symbol: AAON) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $20.135 per share. A bullish investor could look at AAON's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAON shares: Looking at the chart above, AAON's low point in its 52 week range is $16.78 per share, with $25.17 as the 52 week high point - that compares with a last trade of $20.47.
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10537.0
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2015-06-22 00:00:00 UTC
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New Strong Sell Stocks for June 22nd - Tale of the Tape
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AAON
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-june-22nd-tale-of-the-tape-2015-06-22
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
AAON, Inc. ( AAON )
Akamai Technologies, Inc. ( AKAM )
Booz Allen Hamilton Holding Corporation ( BAH )
Cabot Corp ( CBT )
CLARCOR Inc. ( CLC )
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
AKAMAI TECH (AKAM): Free Stock Analysis Report
BOOZ ALLEN HMLT (BAH): Free Stock Analysis Report
CABOT CORP (CBT): Free Stock Analysis Report
CLARCOR INC (CLC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Akamai Technologies, Inc. ( AKAM ) Booz Allen Hamilton Holding Corporation ( BAH ) Cabot Corp ( CBT ) CLARCOR Inc. ( CLC ) View the entire Zacks Rank #5 List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report AKAMAI TECH (AKAM): Free Stock Analysis Report BOOZ ALLEN HMLT (BAH): Free Stock Analysis Report CABOT CORP (CBT): Free Stock Analysis Report CLARCOR INC (CLC): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Akamai Technologies, Inc. ( AKAM ) Booz Allen Hamilton Holding Corporation ( BAH ) Cabot Corp ( CBT ) CLARCOR Inc. ( CLC ) View the entire Zacks Rank #5 List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report AKAMAI TECH (AKAM): Free Stock Analysis Report BOOZ ALLEN HMLT (BAH): Free Stock Analysis Report CABOT CORP (CBT): Free Stock Analysis Report CLARCOR INC (CLC): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Akamai Technologies, Inc. ( AKAM ) Booz Allen Hamilton Holding Corporation ( BAH ) Cabot Corp ( CBT ) CLARCOR Inc. ( CLC ) View the entire Zacks Rank #5 List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report AKAMAI TECH (AKAM): Free Stock Analysis Report BOOZ ALLEN HMLT (BAH): Free Stock Analysis Report CABOT CORP (CBT): Free Stock Analysis Report CLARCOR INC (CLC): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Akamai Technologies, Inc. ( AKAM ) Booz Allen Hamilton Holding Corporation ( BAH ) Cabot Corp ( CBT ) CLARCOR Inc. ( CLC ) View the entire Zacks Rank #5 List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report AKAMAI TECH (AKAM): Free Stock Analysis Report BOOZ ALLEN HMLT (BAH): Free Stock Analysis Report CABOT CORP (CBT): Free Stock Analysis Report CLARCOR INC (CLC): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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10538.0
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2015-06-09 00:00:00 UTC
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New Strong Sell Stocks for June 9th - Tale of the Tape
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AAON
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-june-9th-tale-of-the-tape-2015-06-09
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
AAON, Inc. ( AAON )
Alexion Pharmaceuticals, Inc. ( ALXN )
Altera Corporation ( ALTR )
Altra Industrial Motion Corp ( AIMC )
ANI Pharmaceuticals Inc ( ANIP )
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
ALEXION PHARMA (ALXN): Free Stock Analysis Report
ALTERA CORP (ALTR): Free Stock Analysis Report
ALTRA INDUS MOT (AIMC): Free Stock Analysis Report
ANI PHARMACEUT (ANIP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Alexion Pharmaceuticals, Inc. ( ALXN ) Altera Corporation ( ALTR ) Altra Industrial Motion Corp ( AIMC ) ANI Pharmaceuticals Inc ( ANIP ) View the entire Zacks Rank #5 List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report ALEXION PHARMA (ALXN): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report ALTRA INDUS MOT (AIMC): Free Stock Analysis Report ANI PHARMACEUT (ANIP): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Alexion Pharmaceuticals, Inc. ( ALXN ) Altera Corporation ( ALTR ) Altra Industrial Motion Corp ( AIMC ) ANI Pharmaceuticals Inc ( ANIP ) View the entire Zacks Rank #5 List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report ALEXION PHARMA (ALXN): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report ALTRA INDUS MOT (AIMC): Free Stock Analysis Report ANI PHARMACEUT (ANIP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Alexion Pharmaceuticals, Inc. ( ALXN ) Altera Corporation ( ALTR ) Altra Industrial Motion Corp ( AIMC ) ANI Pharmaceuticals Inc ( ANIP ) View the entire Zacks Rank #5 List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report ALEXION PHARMA (ALXN): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report ALTRA INDUS MOT (AIMC): Free Stock Analysis Report ANI PHARMACEUT (ANIP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Alexion Pharmaceuticals, Inc. ( ALXN ) Altera Corporation ( ALTR ) Altra Industrial Motion Corp ( AIMC ) ANI Pharmaceuticals Inc ( ANIP ) View the entire Zacks Rank #5 List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report ALEXION PHARMA (ALXN): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report ALTRA INDUS MOT (AIMC): Free Stock Analysis Report ANI PHARMACEUT (ANIP): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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10539.0
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2015-06-09 00:00:00 UTC
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AAON, Inc. (AAON) Ex-Dividend Date Scheduled for June 10, 2015
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AAON
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https://www.nasdaq.com/articles/aaon-inc-aaon-ex-dividend-date-scheduled-june-10-2015-2015-06-09
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nan
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nan
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AAON, Inc. ( AAON ) will begin trading ex-dividend on June 10, 2015. A cash dividend payment of $0.11 per share is scheduled to be paid on July 01, 2015. Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 22.22% increase over the prior quarter.
The previous trading day's last sale of AAON was $23.91, representing a -5.01% decrease from the 52 week high of $25.17 and a 42.49% increase over the 52 week low of $16.78.
AAON is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and Thermo Fisher Scientific Inc ( TMO ). AAON's current earnings per share, an indicator of a company's profitability, is $.76. Zacks Investment Research reports AAON's forecasted earnings growth in 2015 as 4.76%, compared to an industry average of 15.4%.
For more information on the declaration, record and payment dates, visit the AAON Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. AAON is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and Thermo Fisher Scientific Inc ( TMO ). Zacks Investment Research reports AAON's forecasted earnings growth in 2015 as 4.76%, compared to an industry average of 15.4%.
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Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AAON, Inc. ( AAON ) will begin trading ex-dividend on June 10, 2015.
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AAON, Inc. ( AAON ) will begin trading ex-dividend on June 10, 2015. Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAON was $23.91, representing a -5.01% decrease from the 52 week high of $25.17 and a 42.49% increase over the 52 week low of $16.78.
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Shareholders who purchased AAON prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAON was $23.91, representing a -5.01% decrease from the 52 week high of $25.17 and a 42.49% increase over the 52 week low of $16.78. AAON, Inc. ( AAON ) will begin trading ex-dividend on June 10, 2015.
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10540.0
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2015-06-02 00:00:00 UTC
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New Strong Sell Stocks for June 2nd - Tale of the Tape
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AAON
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-june-2nd-tale-of-the-tape-2015-06-02
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
AAON, Inc. ( AAON )
Akamai Technologies, Inc. ( AKAM )
Alexion Pharmaceuticals, Inc. ( ALXN )
Alphatec Holdings Inc ( ATEC )
Altera Corporation ( ALTR )
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
AKAMAI TECH (AKAM): Free Stock Analysis Report
ALEXION PHARMA (ALXN): Free Stock Analysis Report
ALPHATEC HLDGS (ATEC): Free Stock Analysis Report
ALTERA CORP (ALTR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Akamai Technologies, Inc. ( AKAM ) Alexion Pharmaceuticals, Inc. ( ALXN ) Alphatec Holdings Inc ( ATEC ) Altera Corporation ( ALTR ) View the entire Zacks Rank #5 List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report AKAMAI TECH (AKAM): Free Stock Analysis Report ALEXION PHARMA (ALXN): Free Stock Analysis Report ALPHATEC HLDGS (ATEC): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Akamai Technologies, Inc. ( AKAM ) Alexion Pharmaceuticals, Inc. ( ALXN ) Alphatec Holdings Inc ( ATEC ) Altera Corporation ( ALTR ) View the entire Zacks Rank #5 List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report AKAMAI TECH (AKAM): Free Stock Analysis Report ALEXION PHARMA (ALXN): Free Stock Analysis Report ALPHATEC HLDGS (ATEC): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Akamai Technologies, Inc. ( AKAM ) Alexion Pharmaceuticals, Inc. ( ALXN ) Alphatec Holdings Inc ( ATEC ) Altera Corporation ( ALTR ) View the entire Zacks Rank #5 List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report AKAMAI TECH (AKAM): Free Stock Analysis Report ALEXION PHARMA (ALXN): Free Stock Analysis Report ALPHATEC HLDGS (ATEC): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Akamai Technologies, Inc. ( AKAM ) Alexion Pharmaceuticals, Inc. ( ALXN ) Alphatec Holdings Inc ( ATEC ) Altera Corporation ( ALTR ) View the entire Zacks Rank #5 List . Click to get this free report AAON INC (AAON): Free Stock Analysis Report AKAMAI TECH (AKAM): Free Stock Analysis Report ALEXION PHARMA (ALXN): Free Stock Analysis Report ALPHATEC HLDGS (ATEC): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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10541.0
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2015-05-21 00:00:00 UTC
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New Strong Sell Stocks for May 21st - Tale of the Tape
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AAON
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-may-21st-tale-of-the-tape-2015-05-21
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
AAON, Inc. ( AAON )
Akamai Technologies, Inc. ( AKAM )
Alliance Holdings GP, L.P. ( AHGP )
Alphatec Holdings Inc ( ATEC )
Coca-Cola FEMSA, S.A.B. de C.V. ( KOF )
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON INC (AAON): Free Stock Analysis Report
AKAMAI TECH (AKAM): Free Stock Analysis Report
ALLIANCE HLDGS (AHGP): Free Stock Analysis Report
ALPHATEC HLDGS (ATEC): Free Stock Analysis Report
COCA-COLA FEMSA (KOF): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Akamai Technologies, Inc. ( AKAM ) Alliance Holdings GP, L.P. ( AHGP ) Alphatec Holdings Inc ( ATEC ) Coca-Cola FEMSA, S.A.B. Click to get this free report AAON INC (AAON): Free Stock Analysis Report AKAMAI TECH (AKAM): Free Stock Analysis Report ALLIANCE HLDGS (AHGP): Free Stock Analysis Report ALPHATEC HLDGS (ATEC): Free Stock Analysis Report COCA-COLA FEMSA (KOF): Free Stock Analysis Report To read this article on Zacks.com click here. de C.V. ( KOF ) View the entire Zacks Rank #5 List .
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Akamai Technologies, Inc. ( AKAM ) Alliance Holdings GP, L.P. ( AHGP ) Alphatec Holdings Inc ( ATEC ) Coca-Cola FEMSA, S.A.B. Click to get this free report AAON INC (AAON): Free Stock Analysis Report AKAMAI TECH (AKAM): Free Stock Analysis Report ALLIANCE HLDGS (AHGP): Free Stock Analysis Report ALPHATEC HLDGS (ATEC): Free Stock Analysis Report COCA-COLA FEMSA (KOF): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report AAON INC (AAON): Free Stock Analysis Report AKAMAI TECH (AKAM): Free Stock Analysis Report ALLIANCE HLDGS (AHGP): Free Stock Analysis Report ALPHATEC HLDGS (ATEC): Free Stock Analysis Report COCA-COLA FEMSA (KOF): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Akamai Technologies, Inc. ( AKAM ) Alliance Holdings GP, L.P. ( AHGP ) Alphatec Holdings Inc ( ATEC ) Coca-Cola FEMSA, S.A.B.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAON, Inc. ( AAON ) Akamai Technologies, Inc. ( AKAM ) Alliance Holdings GP, L.P. ( AHGP ) Alphatec Holdings Inc ( ATEC ) Coca-Cola FEMSA, S.A.B. Click to get this free report AAON INC (AAON): Free Stock Analysis Report AKAMAI TECH (AKAM): Free Stock Analysis Report ALLIANCE HLDGS (AHGP): Free Stock Analysis Report ALPHATEC HLDGS (ATEC): Free Stock Analysis Report COCA-COLA FEMSA (KOF): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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10542.0
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2015-02-24 00:00:00 UTC
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Strategy To YieldBoost AAON To 14.2% Using Options
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AAON
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https://www.nasdaq.com/articles/strategy-yieldboost-aaon-142-using-options-2015-02-24
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nan
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nan
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Shareholders of AAON, Inc. (Symbol: AAON) looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the July covered call at the $25 strike and collect the premium based on the $1.25 bid, which annualizes to an additional 13.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 14.2% annualized rate in the scenario where the stock is not called away. Any upside above $25 would be lost if the stock rises there and is called away, but AAON shares would have to advance 5% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 10.3% return from this trading level, in addition to any dividends collected before the stock was called.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of AAON, Inc., looking at the dividend history chart for AAON below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.8% annualized dividend yield.
Below is a chart showing AAON's trailing twelve month trading history, with the $25 strike highlighted in red:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the July covered call at the $25 strike gives good reward for the risk of having given away the upside beyond $25. ( Do most options expire worthless? This and six other common options myths debunked ). We calculate the trailing twelve month volatility for AAON, Inc. (considering the last 252 trading day closing values as well as today's price of $23.88) to be 32%. For other call options contract ideas at the various different available expirations, visit the AAON Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Tuesday, the put volume among S&P 500 components was 675,739 contracts, with call volume at 1.24M, for a put:call ratio of 0.55 so far for the day. Compared to the long-term median put:call ratio of .65, that represents very high call volume relative to puts; in other words, buyers are preferring calls in options trading so far today. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a chart showing AAON's trailing twelve month trading history, with the $25 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the July covered call at the $25 strike gives good reward for the risk of having given away the upside beyond $25. We calculate the trailing twelve month volatility for AAON, Inc. (considering the last 252 trading day closing values as well as today's price of $23.88) to be 32%. Shareholders of AAON, Inc. (Symbol: AAON) looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the July covered call at the $25 strike and collect the premium based on the $1.25 bid, which annualizes to an additional 13.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 14.2% annualized rate in the scenario where the stock is not called away.
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Shareholders of AAON, Inc. (Symbol: AAON) looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the July covered call at the $25 strike and collect the premium based on the $1.25 bid, which annualizes to an additional 13.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 14.2% annualized rate in the scenario where the stock is not called away. Any upside above $25 would be lost if the stock rises there and is called away, but AAON shares would have to advance 5% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 10.3% return from this trading level, in addition to any dividends collected before the stock was called. Below is a chart showing AAON's trailing twelve month trading history, with the $25 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the July covered call at the $25 strike gives good reward for the risk of having given away the upside beyond $25.
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Shareholders of AAON, Inc. (Symbol: AAON) looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the July covered call at the $25 strike and collect the premium based on the $1.25 bid, which annualizes to an additional 13.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 14.2% annualized rate in the scenario where the stock is not called away. Any upside above $25 would be lost if the stock rises there and is called away, but AAON shares would have to advance 5% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 10.3% return from this trading level, in addition to any dividends collected before the stock was called. In the case of AAON, Inc., looking at the dividend history chart for AAON below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.8% annualized dividend yield.
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Shareholders of AAON, Inc. (Symbol: AAON) looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the July covered call at the $25 strike and collect the premium based on the $1.25 bid, which annualizes to an additional 13.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 14.2% annualized rate in the scenario where the stock is not called away. Below is a chart showing AAON's trailing twelve month trading history, with the $25 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the July covered call at the $25 strike gives good reward for the risk of having given away the upside beyond $25. For other call options contract ideas at the various different available expirations, visit the AAON Stock Options page of StockOptionsChannel.com.
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10543.0
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2015-01-07 00:00:00 UTC
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Watsco Rewards Shareholders with 17% Dividend Hike - Analyst Blog
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AAON
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https://www.nasdaq.com/articles/watsco-rewards-shareholders-with-17-dividend-hike-analyst-blog-2015-01-07
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nan
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nan
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Watsco Inc. ( WSO ) has announced its decision to hike quarterly dividend by 17% to 70 cents per share from 60 cents. The new dividend will be paid on Jan 30, 2015 to shareholders of record as on Jan 21, 2015.
The increased dividend will take Watsco's annual dividend yield, which is currently at 2.30%, to 2.70%, outscoring its peers such as AAON Inc. ( AAON ), Lennox International, Inc. ( LII ) and Comfort Systems USA Inc. ( FIX ) with dividend yields of 0.90%, 1.30% and 1.50%, respectively.
Watsco, which has paid quarterly dividends for 40 straight years, had earlier hiked its dividend by 50% to 60 cents in Apr 2014. The recent dividend increase is a result of the company's sound balance sheet and cash position. As of Sep 30, 2014, Watsco's cash and cash equivalents amounted to $17 million while its debt-to-total-capitalization remained conservative at 24%.
In the third quarter, Watsco had reported record earnings of $1.56 per share, an 18% increase year over year, led by share gains in the United States and Canada, a stronger sales mix of high-efficiency HVAC (heating, ventilation, and air conditioning), higher gross margins and improved operating efficiencies.
There are approximately 89 million central air conditioning and heating systems installed in the U.S., operating for more than a decade. Watsco will continue to benefit as these old units get replaced by more energy-efficient units in the coming years. Moreover, higher efficiency units mean higher pricing and higher margins for the company.
Watsco's successful joint venture with Carrier Corporation continues to generate profits. On Jul 1, 2014, Watsco exercised its option to acquire an additional 10% ownership interest in Carrier Enterprise I in the Sun Belt region. In the U.S., the most significant markets for HVAC products lie in the Sun Belt region. Hence, Watsco, which now holds an 80% controlling interest in Carrier Enterprise I, will benefit from its increased stake as it will be accretive to the former's earnings by 20 cents to 25 cents over the next 12 months.
Watsco has made significant investments over the past year to increase its market share, which includes adding 200 people in sales, marketing, product specialist and store personnel roles; opening eight locations with 20 more expected to come online in the next one year. The branches will improve network density as well as the ability to serve customers locally. Watsco maintains its long-term plans to propel revenues above $10 billion and margins above 10%.
Moreover, Watsco has been historically acquisitive and its growth strategy focuses mainly on geographic expansion through market acquisitions, subsequently increasing revenues and profits from a combination of increased locations, products and services, and improved management practices.
Watsco is the largest distributor of air conditioning, heating and refrigeration equipment as well as related parts and supplies in the United States. The company operates 508 locations serving over 50,000 customers in 36 states, Puerto Rico, Latin America and the Caribbean. Watsco currently holds a Zacks Rank #3 (Hold)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WATSCO INC (WSO): Free Stock Analysis Report
LENNOX INTL INC (LII): Free Stock Analysis Report
COMFORT SYSTEMS (FIX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The increased dividend will take Watsco's annual dividend yield, which is currently at 2.30%, to 2.70%, outscoring its peers such as AAON Inc. ( AAON ), Lennox International, Inc. ( LII ) and Comfort Systems USA Inc. ( FIX ) with dividend yields of 0.90%, 1.30% and 1.50%, respectively. In the third quarter, Watsco had reported record earnings of $1.56 per share, an 18% increase year over year, led by share gains in the United States and Canada, a stronger sales mix of high-efficiency HVAC (heating, ventilation, and air conditioning), higher gross margins and improved operating efficiencies. On Jul 1, 2014, Watsco exercised its option to acquire an additional 10% ownership interest in Carrier Enterprise I in the Sun Belt region.
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The increased dividend will take Watsco's annual dividend yield, which is currently at 2.30%, to 2.70%, outscoring its peers such as AAON Inc. ( AAON ), Lennox International, Inc. ( LII ) and Comfort Systems USA Inc. ( FIX ) with dividend yields of 0.90%, 1.30% and 1.50%, respectively. In the third quarter, Watsco had reported record earnings of $1.56 per share, an 18% increase year over year, led by share gains in the United States and Canada, a stronger sales mix of high-efficiency HVAC (heating, ventilation, and air conditioning), higher gross margins and improved operating efficiencies. Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report To read this article on Zacks.com click here.
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The increased dividend will take Watsco's annual dividend yield, which is currently at 2.30%, to 2.70%, outscoring its peers such as AAON Inc. ( AAON ), Lennox International, Inc. ( LII ) and Comfort Systems USA Inc. ( FIX ) with dividend yields of 0.90%, 1.30% and 1.50%, respectively. In the third quarter, Watsco had reported record earnings of $1.56 per share, an 18% increase year over year, led by share gains in the United States and Canada, a stronger sales mix of high-efficiency HVAC (heating, ventilation, and air conditioning), higher gross margins and improved operating efficiencies. Click to get this free report WATSCO INC (WSO): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report To read this article on Zacks.com click here.
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The increased dividend will take Watsco's annual dividend yield, which is currently at 2.30%, to 2.70%, outscoring its peers such as AAON Inc. ( AAON ), Lennox International, Inc. ( LII ) and Comfort Systems USA Inc. ( FIX ) with dividend yields of 0.90%, 1.30% and 1.50%, respectively. Watsco, which has paid quarterly dividends for 40 straight years, had earlier hiked its dividend by 50% to 60 cents in Apr 2014. In the third quarter, Watsco had reported record earnings of $1.56 per share, an 18% increase year over year, led by share gains in the United States and Canada, a stronger sales mix of high-efficiency HVAC (heating, ventilation, and air conditioning), higher gross margins and improved operating efficiencies.
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10544.0
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2014-11-26 00:00:00 UTC
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AAON, Inc. (AAON) Ex-Dividend Date Scheduled for November 28, 2014
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AAON
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https://www.nasdaq.com/articles/aaon-inc-aaon-ex-dividend-date-scheduled-november-28-2014-2014-11-26
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nan
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nan
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AAON, Inc. ( AAON ) will begin trading ex-dividend on November 28, 2014. A cash dividend payment of $0.09 per share is scheduled to be paid on December 23, 2014. Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -30.77% decrease from the prior quarter.
The previous trading day's last sale of AAON was $21.12, representing a -8.54% decrease from the 52 week high of $23.09 and a 25.86% increase over the 52 week low of $16.78.
AAON is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and Thermo Fisher Scientific Inc ( TMO ). AAON's current earnings per share, an indicator of a company's profitability, is $.73.
For more information on the declaration, record and payment dates, visit the AAON Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAON through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAON as a top-10 holding:
RevenueShares Small Cap ( RWJ )
Schwab U.S. Small-Cap ETF ( SCHA )
Schwab U.S. Broad Market ETF ( SCHB ).
The top-performing ETF of this group is SCHB with an increase of 4.24% over the last 100 days. RWJ has the highest percent weighting of AAON at 0.05%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. AAON is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and Thermo Fisher Scientific Inc ( TMO ). For more information on the declaration, record and payment dates, visit the AAON Dividend History page.
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The following ETF(s) have AAON as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab U.S. Broad Market ETF ( SCHB ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AAON, Inc. ( AAON ) will begin trading ex-dividend on November 28, 2014.
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AAON, Inc. ( AAON ) will begin trading ex-dividend on November 28, 2014. Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have AAON as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab U.S. Broad Market ETF ( SCHB ).
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AAON, Inc. ( AAON ) will begin trading ex-dividend on November 28, 2014. Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAON was $21.12, representing a -8.54% decrease from the 52 week high of $23.09 and a 25.86% increase over the 52 week low of $16.78.
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10545.0
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2014-08-26 00:00:00 UTC
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EWI, SAA: Big ETF Outflows
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AAON
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https://www.nasdaq.com/articles/ewi-saa-big-etf-outflows-2014-08-26
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nan
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nan
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Italy Capped ETF ( EWI ), where 4,800,000 units were destroyed, or a 4.7% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra SmallCap600 ( SAA ), which lost 75,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of SAA, in morning trading today 8x8 ( EGHT ) is trading flat, and AAON ( AAON ) is lower by about 0.6%.
VIDEO: EWI, SAA: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of SAA, in morning trading today 8x8 ( EGHT ) is trading flat, and AAON ( AAON ) is lower by about 0.6%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Italy Capped ETF ( EWI ), where 4,800,000 units were destroyed, or a 4.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra SmallCap600 ( SAA ), which lost 75,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.
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Among the largest underlying components of SAA, in morning trading today 8x8 ( EGHT ) is trading flat, and AAON ( AAON ) is lower by about 0.6%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Italy Capped ETF ( EWI ), where 4,800,000 units were destroyed, or a 4.7% decrease week over week. VIDEO: EWI, SAA: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of SAA, in morning trading today 8x8 ( EGHT ) is trading flat, and AAON ( AAON ) is lower by about 0.6%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Italy Capped ETF ( EWI ), where 4,800,000 units were destroyed, or a 4.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra SmallCap600 ( SAA ), which lost 75,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.
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Among the largest underlying components of SAA, in morning trading today 8x8 ( EGHT ) is trading flat, and AAON ( AAON ) is lower by about 0.6%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Italy Capped ETF ( EWI ), where 4,800,000 units were destroyed, or a 4.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra SmallCap600 ( SAA ), which lost 75,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.
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10546.0
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2014-08-18 00:00:00 UTC
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FXI, SAA: Big ETF Inflows
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AAON
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https://www.nasdaq.com/articles/fxi-saa-big-etf-inflows-2014-08-18
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nan
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nan
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares China Large-Cap ETF ( FXI ), which added 6,150,000 units, or a 4.6% increase week over week.
And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares Ultra SmallCap600 ( SAA ), which added 75,000 units, for a 33.3% increase in outstanding units. Among the largest underlying components of SAA, in morning trading today 8x8 ( EGHT ) is up about 1.1%, and AAON ( AAON ) is up by about 1%.
VIDEO: FXI, SAA: Big ETF Inflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among the largest underlying components of SAA, in morning trading today 8x8 ( EGHT ) is up about 1.1%, and AAON ( AAON ) is up by about 1%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares China Large-Cap ETF ( FXI ), which added 6,150,000 units, or a 4.6% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares Ultra SmallCap600 ( SAA ), which added 75,000 units, for a 33.3% increase in outstanding units.
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Among the largest underlying components of SAA, in morning trading today 8x8 ( EGHT ) is up about 1.1%, and AAON ( AAON ) is up by about 1%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares China Large-Cap ETF ( FXI ), which added 6,150,000 units, or a 4.6% increase week over week. VIDEO: FXI, SAA: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of SAA, in morning trading today 8x8 ( EGHT ) is up about 1.1%, and AAON ( AAON ) is up by about 1%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares China Large-Cap ETF ( FXI ), which added 6,150,000 units, or a 4.6% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares Ultra SmallCap600 ( SAA ), which added 75,000 units, for a 33.3% increase in outstanding units.
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Among the largest underlying components of SAA, in morning trading today 8x8 ( EGHT ) is up about 1.1%, and AAON ( AAON ) is up by about 1%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares China Large-Cap ETF ( FXI ), which added 6,150,000 units, or a 4.6% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares Ultra SmallCap600 ( SAA ), which added 75,000 units, for a 33.3% increase in outstanding units.
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10547.0
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2014-08-10 00:00:00 UTC
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Comcast and Time Warner Should be Terrified of Google Fiber, Internet Users Should Rejoice
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AAON
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https://www.nasdaq.com/articles/comcast-and-time-warner-should-be-terrified-google-fiber-internet-users-should-rejoice
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nan
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nan
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When Google launched its fiber Internet network, Google Fiber, it was clear that one possible impact would be increased competition in the notoriously noncompetitive home Internet space.
And that's exactly what happened.
In Kansas City, one of Google Fiber's first locations, both Time Warner Cable and Comcast bumped up their Internet speeds this week -- sometimes by more than double -- while keeping the same monthly price.
Aside from Comcast and Time Warner upping their speeds, Google Fiber has taken onAT&T 's U-verse with GigaPower service as well. A few months ago, Google announced that Fiber would come to Raleigh and Durham in North Carolina, where AT&T already offers high-speed service. Last year, AT&T announced it would bring its service to Austin, Texas, just a day after Google said it would come to the city.
One reason Google likely wants to expand its own Internet service is to ensure it isn't controlled by the biggest Internet juggernauts in the U.S. Think of how Netflix paid Verizon and Comcast to make sure its video streaming service receives fast connection speeds in certain markets.
In February, Google announced that it was considering expanding Fiber into 34 new cities. Though it's unlikely the company will come to all of them soon, the possible expansion shows just how serious the company is about taking on the Internet service industry.
Earlier this year, Carlos Kirjner of Bernstein Research wrote that Google Fiber's growth might not bring the Internet giants down right now, but could bring big changes in the future: "It may not make a huge difference for Google or for the incumbents in the next one, two or three years, but Google is taking the long view and we think in five or more years, it could turn out to be a significant, profitable business for Google and headwind for incumbents."
With Comcast and Time Warner already responding in markets in which Google Fiber is growing, this may just be the beginning of real competition in the home broadband space.
Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here !
The article Comcast and Time Warner Should be Terrified of Google Fiber, Internet Users Should Rejoice originally appeared on Fool.com.
Chris Neiger has no position in any stocks mentioned. The Motley Fool recommends Apple, Netflix, Google (A shares), and Google (C shares). The Motley Fool owns shares of Apple, Netflix, Google (A shares), and Google (C shares). Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In Kansas City, one of Google Fiber's first locations, both Time Warner Cable and Comcast bumped up their Internet speeds this week -- sometimes by more than double -- while keeping the same monthly price. Think of how Netflix paid Verizon and Comcast to make sure its video streaming service receives fast connection speeds in certain markets. With Comcast and Time Warner already responding in markets in which Google Fiber is growing, this may just be the beginning of real competition in the home broadband space.
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Aside from Comcast and Time Warner upping their speeds, Google Fiber has taken onAT&T 's U-verse with GigaPower service as well. The Motley Fool recommends Apple, Netflix, Google (A shares), and Google (C shares). The Motley Fool owns shares of Apple, Netflix, Google (A shares), and Google (C shares).
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Earlier this year, Carlos Kirjner of Bernstein Research wrote that Google Fiber's growth might not bring the Internet giants down right now, but could bring big changes in the future: "It may not make a huge difference for Google or for the incumbents in the next one, two or three years, but Google is taking the long view and we think in five or more years, it could turn out to be a significant, profitable business for Google and headwind for incumbents." The Motley Fool recommends Apple, Netflix, Google (A shares), and Google (C shares). The Motley Fool owns shares of Apple, Netflix, Google (A shares), and Google (C shares).
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In Kansas City, one of Google Fiber's first locations, both Time Warner Cable and Comcast bumped up their Internet speeds this week -- sometimes by more than double -- while keeping the same monthly price. Last year, AT&T announced it would bring its service to Austin, Texas, just a day after Google said it would come to the city. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
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10548.0
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2014-06-09 00:00:00 UTC
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AAON, Inc. (AAON) Ex-Dividend Date Scheduled for June 10, 2014
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AAON
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https://www.nasdaq.com/articles/aaon-inc-aaon-ex-dividend-date-scheduled-june-10-2014-2014-06-09
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nan
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nan
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AAON, Inc. ( AAON ) will begin trading ex-dividend on June 10, 2014. A cash dividend payment of $0.13 per share is scheduled to be paid on July 01, 2014. Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 30% increase over the prior quarter.
The previous trading day's last sale of AAON was $33.12, representing a -3.36% decrease from the 52 week high of $34.27 and a 64.07% increase over the 52 week low of $20.19.
AAON is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and Thermo Fisher Scientific Inc ( TMO ). AAON's current earnings per share, an indicator of a company's profitability, is $1.08.
For more information on the declaration, record and payment dates, visit the AAON Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAON through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAON as a top-10 holding:
RevenueShares Small Cap ( RWJ )
Schwab U.S. Small-Cap ETF ( SCHA )
Schwab U.S. Broad Market ETF ( SCHB ).
The top-performing ETF of this group is SCHB with an increase of 7.15% over the last 100 days. RWJ has the highest percent weighting of AAON at 0.05%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. AAON is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and Thermo Fisher Scientific Inc ( TMO ). For more information on the declaration, record and payment dates, visit the AAON Dividend History page.
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The following ETF(s) have AAON as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab U.S. Broad Market ETF ( SCHB ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AAON, Inc. ( AAON ) will begin trading ex-dividend on June 10, 2014.
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AAON, Inc. ( AAON ) will begin trading ex-dividend on June 10, 2014. Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have AAON as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab U.S. Broad Market ETF ( SCHB ).
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Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. AAON, Inc. ( AAON ) will begin trading ex-dividend on June 10, 2014. The previous trading day's last sale of AAON was $33.12, representing a -3.36% decrease from the 52 week high of $34.27 and a 64.07% increase over the 52 week low of $20.19.
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10549.0
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2014-05-05 00:00:00 UTC
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Mid-Day Market Update: US Stocks Edge Higher; BroadSoft Shares Slip After Downbeat Earnings
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AAON
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https://www.nasdaq.com/articles/mid-day-market-update-us-stocks-edge-higher-broadsoft-shares-slip-after-downbeat-earnings
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nan
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nan
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Midway through trading Monday, the Dow traded up 0.02 percent to 16,515.91 while the NASDAQ gained 0.10 percent to 4,128.05. The S&P also rose, surging 0.06 percent to 1,882.25.
Leading and Lagging Sectors Utilities shares surged around 0.52 percent in Monday trading. Leading the sector was strength from Pampa Energia SA (NYSE: PAM ) and Pampa Energia SA (NYSE: PAM ). In trading on Monday, financial shares were relative laggards, down on the day by about 0.41 percent.
Top losers in the sector included Crawford & Company (NYSE: CRD-B ), Transcontinental Realty Investors (NYSE: TCI ), and E-House (China) Holdings (NYSE: EJ ).
Top Headline Pfizer (NYSE: PFE ) reported weaker-than-expected first-quarter revenue. Pfizer's quarterly profit slipped to $2.33 billion, or $0.36 per share, versus a year-ago profit of $2.75 billion, or $0.38 per share. Its adjusted earnings climbed 12% to $0.57 per share from $0.51 per share. Its revenue declined 9% to $11.35 billion versus $12.41 billion. However, analysts were estimating earnings of $0.55 per share on revenue of $12.04 billion.
Equities Trading UP B/E Aerospace (NASDAQ: BEAV ) shares shot up 11.11 percent to $98.84 after the company reported that it is exploring strategic alternatives for the company.
Shares of Nordion (NYSE: NDZ ) got a boost, shooting up 6.39 percent to $12.32 after Sterigenics lifted its offer price for Nordion to $758 million.
AAON (NASDAQ: AAON ) shares were also up, gaining 9.17 percent to $31.55 after the company reported better-than-expected Q1 results.
Equities Trading DOWN Shares of BroadSoft (NASDAQ: BSFT ) were 20.04 percent to $19.99 after the company reported downbeat quarterly earnings and issued a weak Q2 profit outlook.
Realogy Holdings (NYSE: RLGY ) shares tumbled 12.87 percent to $37.17 on Q1 results. Realogy Holdings posted a quarterly net loss of $46 million.
Trex Co (NYSE: TREX ) was down, falling 11.65 percent to $70.16 after the company reported Q1 results. The company reported its Q1 net income of $12.3 million, or $0.73 per share.
Commodities In commodity news, oil traded down 0.64 percent to $99.12, while gold traded up 0.48 percent to $1,309.20.
Silver traded up 0.30 percent Monday to $19.61, while copper fell 0.33 percent to $3.06.
Eurozone European shares were mostly lower today.
The eurozone's STOXX 600 slipped 0.26 percent, the Spanish Ibex Index rose 0.02 percent, while Italy's FTSE MIB Index declined 0.65 percent.
Meanwhile, the German DAX tumbled 0.28 percent and the French CAC 40 gained 0.10 percent.
Economics The final reading of Markit PMI services index rose to 55.00 in April, versus a prior reading of 54.20. However, economists were expecting a reading of 54.50.
The ISM non-manufacturing index gained to 55.20 in April, versus a prior reading of 53.10. However, economists were projecting a reading of 54.10.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON (NASDAQ: AAON ) shares were also up, gaining 9.17 percent to $31.55 after the company reported better-than-expected Q1 results. Leading and Lagging Sectors Utilities shares surged around 0.52 percent in Monday trading. Top Headline Pfizer (NYSE: PFE ) reported weaker-than-expected first-quarter revenue.
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AAON (NASDAQ: AAON ) shares were also up, gaining 9.17 percent to $31.55 after the company reported better-than-expected Q1 results. Leading the sector was strength from Pampa Energia SA (NYSE: PAM ) and Pampa Energia SA (NYSE: PAM ). Pfizer's quarterly profit slipped to $2.33 billion, or $0.36 per share, versus a year-ago profit of $2.75 billion, or $0.38 per share.
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AAON (NASDAQ: AAON ) shares were also up, gaining 9.17 percent to $31.55 after the company reported better-than-expected Q1 results. Midway through trading Monday, the Dow traded up 0.02 percent to 16,515.91 while the NASDAQ gained 0.10 percent to 4,128.05. Equities Trading DOWN Shares of BroadSoft (NASDAQ: BSFT ) were 20.04 percent to $19.99 after the company reported downbeat quarterly earnings and issued a weak Q2 profit outlook.
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AAON (NASDAQ: AAON ) shares were also up, gaining 9.17 percent to $31.55 after the company reported better-than-expected Q1 results. Midway through trading Monday, the Dow traded up 0.02 percent to 16,515.91 while the NASDAQ gained 0.10 percent to 4,128.05. Leading and Lagging Sectors Utilities shares surged around 0.52 percent in Monday trading.
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10550.0
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2014-05-05 00:00:00 UTC
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Mid-Morning Market Update: Markets Drop; Pfizer Posts Lower Revenue
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AAON
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-drop-pfizer-posts-lower-revenue-2014-05-05
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nan
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nan
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Following the market opening Monday, the Dow traded down 0.55 percent to 16,422.68 while the NASDAQ tumbled 0.32 percent to 4,110.75. The S&P also fell, dropping 0.40 percent to 1,873.64.
Leading and Lagging Sectors Utilities shares surged around 0.19 percent in Monday trading. Leading the sector was strength from Northwest Natural Gas Company (NYSE: NWN ) and Companhia Paranaense de Energia (NYSE: ELP ). In trading on Monday, financial shares were relative laggards, down on the day by about 0.78 percent.
Top losers in the sector included Crawford & Company (NYSE: CRD-B ), Alto Palermo SA (NASDAQ: APSA ), and E-House (China) Holdings (NYSE: EJ ).
Top Headline Pfizer (NYSE: PFE ) reported weaker-than-expected first-quarter revenue. Pfizer's quarterly profit slipped to $2.33 billion, or $0.36 per share, versus a year-ago profit of $2.75 billion, or $0.38 per share. Its adjusted earnings climbed 12% to $0.57 per share from $0.51 per share. Its revenue declined 9% to $11.35 billion versus $12.41 billion. However, analysts were estimating earnings of $0.55 per share on revenue of $12.04 billion.
Equities Trading UP B/E Aerospace (NASDAQ: BEAV ) shares shot up 11.27 percent to $98.99 after the company reported that it is exploring strategic alternatives for the company.
Shares of Nordion (NYSE: NDZ ) got a boost, shooting up 6.65 percent to $12.35 after Sterigenics lifted its offer price for Nordion to $758 million.
AAON (NASDAQ: AAON ) shares were also up, gaining 8.93 percent to $31.48 after the company reported better-than-expected Q1 results.
Equities Trading DOWN Shares of BroadSoft (NASDAQ: BSFT ) were 23.24 percent to $19.19 after the company reported downbeat quarterly earnings and issued a weak Q2 profit outlook.
Realogy Holdings (NYSE: RLGY ) shares tumbled 11.91 percent to $37.58 on Q1 results. Realogy Holdings posted a quarterly net loss of $46 million.
Trex Co (NYSE: TREX ) was down, falling 5.69 percent to $74.89 after the company reported Q1 results. The company reported its Q1 net income of $12.3 million, or $0.73 per share.
Commodities In commodity news, oil traded down 0.11 percent to $99.65, while gold traded up 0.87 percent to $1,314.30.
Silver traded up 0.74 percent Monday to $19.69, while copper fell 0.28 percent to $3.06.
Eurozone European shares were lower today.
The eurozone's STOXX 600 slipped 0.79 percent, the Spanish Ibex Index fell 0.87 percent, while Italy's FTSE MIB Index declined 1.32 percent.
Meanwhile, the German DAX tumbled 1.33 percent and the French CAC 40 tumbled 1.01 percent.
Economics The final reading of Markit PMI services index rose to 55.00 in April, versus a prior reading of 54.20. However, economists were expecting a reading of 54.50.
The ISM non-manufacturing index gained to 55.20 in April, versus a prior reading of 53.10. However, economists were projecting a reading of 54.10.
The Treasury is set to auction 3-and 6-month bills.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON (NASDAQ: AAON ) shares were also up, gaining 8.93 percent to $31.48 after the company reported better-than-expected Q1 results. Leading and Lagging Sectors Utilities shares surged around 0.19 percent in Monday trading. Top Headline Pfizer (NYSE: PFE ) reported weaker-than-expected first-quarter revenue.
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AAON (NASDAQ: AAON ) shares were also up, gaining 8.93 percent to $31.48 after the company reported better-than-expected Q1 results. Pfizer's quarterly profit slipped to $2.33 billion, or $0.36 per share, versus a year-ago profit of $2.75 billion, or $0.38 per share. Realogy Holdings (NYSE: RLGY ) shares tumbled 11.91 percent to $37.58 on Q1 results.
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AAON (NASDAQ: AAON ) shares were also up, gaining 8.93 percent to $31.48 after the company reported better-than-expected Q1 results. Equities Trading UP B/E Aerospace (NASDAQ: BEAV ) shares shot up 11.27 percent to $98.99 after the company reported that it is exploring strategic alternatives for the company. Equities Trading DOWN Shares of BroadSoft (NASDAQ: BSFT ) were 23.24 percent to $19.19 after the company reported downbeat quarterly earnings and issued a weak Q2 profit outlook.
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AAON (NASDAQ: AAON ) shares were also up, gaining 8.93 percent to $31.48 after the company reported better-than-expected Q1 results. Following the market opening Monday, the Dow traded down 0.55 percent to 16,422.68 while the NASDAQ tumbled 0.32 percent to 4,110.75. The company reported its Q1 net income of $12.3 million, or $0.73 per share.
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10551.0
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2013-11-26 00:00:00 UTC
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AAON, Inc. (AAON) Ex-Dividend Date Scheduled for November 27, 2013
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AAON
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https://www.nasdaq.com/articles/aaon-inc-aaon-ex-dividend-date-scheduled-november-27-2013-2013-11-26
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nan
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AAON, Inc. ( AAON ) will begin trading ex-dividend on November 27, 2013. A cash dividend payment of $0.1 per share is scheduled to be paid on December 23, 2013. Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -58.33% decrease from the same period a year ago.
The previous trading day's last sale of AAON was $29.04, representing a -2.82% decrease from the 52 week high of $29.88 and a 121.57% increase over the 52 week low of $13.11.
AAON is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and ASML Holding N.V. ( ASML ). AAON's current earnings per share, an indicator of a company's profitability, is $1.01. Zacks Investment Research reports AAON's forecasted earnings growth in 2013 as 28.38%, compared to an industry average of 23.9%.
For more information on the declaration, record and payment dates, visit the AAON Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAON through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAON as a top-10 holding:
RevenueShares Small Cap ( RWJ )
Schwab U.S. Small-Cap ETF ( SCHA )
Schwab U.S. Broad Market ETF ( SCHB ).
The top-performing ETF of this group is RWJ with an increase of 15.4% over the last 100 days. It also has the highest percent weighting of AAON at 0.05%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports AAON's forecasted earnings growth in 2013 as 28.38%, compared to an industry average of 23.9%. For more information on the declaration, record and payment dates, visit the AAON Dividend History page.
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The following ETF(s) have AAON as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab U.S. Broad Market ETF ( SCHB ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AAON, Inc. ( AAON ) will begin trading ex-dividend on November 27, 2013.
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AAON, Inc. ( AAON ) will begin trading ex-dividend on November 27, 2013. Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have AAON as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab U.S. Broad Market ETF ( SCHB ).
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Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAON was $29.04, representing a -2.82% decrease from the 52 week high of $29.88 and a 121.57% increase over the 52 week low of $13.11. AAON, Inc. ( AAON ) will begin trading ex-dividend on November 27, 2013.
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10552.0
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2013-10-03 00:00:00 UTC
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Watsco Hikes Dividend by 60% - Analyst Blog
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AAON
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https://www.nasdaq.com/articles/watsco-hikes-dividend-by-60-analyst-blog-2013-10-03
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nan
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Watsco Inc. ( WSO ) hiked its quarterly dividend by 60% to 40 cents per share from its prior dividend of 25 cents. The new dividend will be paid on Oct 31, 2013 to shareholders of record as on Oct 15, 2013.
The increased dividend will take Watsco's annual dividend yield from the current 1.10% to 1.70%, outscoring its peers such as AAON Inc. ( AAON ), Lennox International, Inc. ( LII ) and Comfort Systems USA Inc. ( FIX ) with dividend yields of 0.48%, 1.28% and 1.27%, respectively.
Watsco has paid quarterly dividends for 38 straight years. Watsco had earlier hiked its dividend by 9% to 62 cents in Jan 2012. In Oct last year, Watsco had paid a special cash dividend of $5.00 per share, approximately two years of dividends based on the then current annual dividend rate of $2.48. In Jan 2013, Watsco announced that it has established a regular quarterly dividend rate of 25 cents per share, cutting the payout 60% from 62 cents per share.
The recent dividend increase came on the back of Watsco's sound balance sheet and cash position. As of Jun 30, 2012, cash and cash equivalents amounted $25 million and the company's debt-to-total-capitalization remained conservative at 27%.
Watsco expects to meet or exceed its annual target of generating higher operating cash flow than net income in 2013. From 2000 to 2012, operating cash flow was approximately $1.1 billion compared to net income of approximately $900 million, ahead of the company's stated goal.
Watsco reported second quarter 2013 earnings per share of $1.48 and revenues of $1.12 million, both all-time records. In 2013, Watsco expects to generate earnings per share in the range of $3.65 to $3.80, reflecting an annual growth rate of 20% to 25%.
Watsco will continue to benefit from the demand in the replacement market as old units would get replaced by more energy-efficient units in the coming years. There are approximately 90 million central air conditioning and heating systems installed in the United States that have been in service for more than 10 years. Moreover, higher efficiency units drive higher pricing and higher margins for the company.
Watsco is the largest distributor of air conditioning, heating and refrigeration equipment as well as related parts and supplies in the United States. The company operates 508 locations serving over 50,000 customers in 36 states, Puerto Rico, Latin America and the Caribbean. Watsco currently holds a Zacks Rank #3 (Hold).
AAON INC (AAON): Get Free Report
COMFORT SYSTEMS (FIX): Free Stock Analysis Report
LENNOX INTL INC (LII): Free Stock Analysis Report
WATSCO INC (WSO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The increased dividend will take Watsco's annual dividend yield from the current 1.10% to 1.70%, outscoring its peers such as AAON Inc. ( AAON ), Lennox International, Inc. ( LII ) and Comfort Systems USA Inc. ( FIX ) with dividend yields of 0.48%, 1.28% and 1.27%, respectively. AAON INC (AAON): Get Free Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. Watsco expects to meet or exceed its annual target of generating higher operating cash flow than net income in 2013.
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The increased dividend will take Watsco's annual dividend yield from the current 1.10% to 1.70%, outscoring its peers such as AAON Inc. ( AAON ), Lennox International, Inc. ( LII ) and Comfort Systems USA Inc. ( FIX ) with dividend yields of 0.48%, 1.28% and 1.27%, respectively. AAON INC (AAON): Get Free Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. Watsco expects to meet or exceed its annual target of generating higher operating cash flow than net income in 2013.
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The increased dividend will take Watsco's annual dividend yield from the current 1.10% to 1.70%, outscoring its peers such as AAON Inc. ( AAON ), Lennox International, Inc. ( LII ) and Comfort Systems USA Inc. ( FIX ) with dividend yields of 0.48%, 1.28% and 1.27%, respectively. AAON INC (AAON): Get Free Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. Watsco Inc. ( WSO ) hiked its quarterly dividend by 60% to 40 cents per share from its prior dividend of 25 cents.
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The increased dividend will take Watsco's annual dividend yield from the current 1.10% to 1.70%, outscoring its peers such as AAON Inc. ( AAON ), Lennox International, Inc. ( LII ) and Comfort Systems USA Inc. ( FIX ) with dividend yields of 0.48%, 1.28% and 1.27%, respectively. AAON INC (AAON): Get Free Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. In Oct last year, Watsco had paid a special cash dividend of $5.00 per share, approximately two years of dividends based on the then current annual dividend rate of $2.48.
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10553.0
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2013-09-18 00:00:00 UTC
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Watsco Remains at Neutral - Analyst Blog
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AAON
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https://www.nasdaq.com/articles/watsco-remains-at-neutral-analyst-blog-2013-09-18
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nan
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On Sep 17, we reiterated our Neutral recommendation on Watsco Inc. ( WSO ), a leading distributor of air conditioning, heating, and refrigeration equipment as well as related parts and supplies (HVAC/R) in the United States.
Why Reiterated?
Watsco reported second quarter 2013 earnings per share of $1.48 and revenues of $1.12 million, both all-time records. In 2013, Watsco expects to generate earnings per share in the range of $3.65 to $3.80, reflecting an annual growth rate of 20% to 25%.
Watsco will continue to benefit from the demand in the replacement market as old units would get replaced by more energy-efficient units in the coming years. There are approximately 90 million central air conditioning and heating systems installed in the United States that have been in service for more than 10 years. Moreover, higher efficiency units drive higher pricing and higher margins for the company
Watsco's joint venture with Carrier Corporation, a wholly-owned subsidiary of United Technologies Corp. ( UTX ), remains successful and continues to generate profits. Watsco has an option to purchase an additional 10% interest in the Carrier joint venture in the Sun Belt region, which becomes exercisable in Jul 2014. This option, if exercised, is expected to be accretive to Watsco's earnings.
Watsco expects to meet or exceed its annual target of generating higher operating cash flow than net income in 2013. With debt-to-total-capitalization ratio at 27%, the company has substantial flexibility to make additional investments and increase its dividends going forward. The company also reiterated its plans to reduce near-term debt and evaluate increasing the dividend before 2013 end.
However, in June, housing starts unexpectedly fell to the lowest level in almost a year to 836,000 units. In July, housing starts recovered somewhat to 8,96,000 units, below expectations and also below the peak of just over 1 million in Mar 2013. Recent rise in mortgage rates in anticipation of the Federal Reserve tapering its massive bond purchase has made builders cautious about breaking ground on new projects. This puts a question on the expected recovery in the housing sector, which would have benefited Watsco.
Other Stocks to Consider
Other players that are worth a mention in the industry are. AAON Inc. ( AAON ) and Lennox International, Inc. ( LII ), both carrying a Zacks Rank #1 (Strong Buy).
AAON INC (AAON): Get Free Report
LENNOX INTL INC (LII): Free Stock Analysis Report
UTD TECHS CORP (UTX): Free Stock Analysis Report
WATSCO INC (WSO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON Inc. ( AAON ) and Lennox International, Inc. ( LII ), both carrying a Zacks Rank #1 (Strong Buy). AAON INC (AAON): Get Free Report LENNOX INTL INC (LII): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. On Sep 17, we reiterated our Neutral recommendation on Watsco Inc. ( WSO ), a leading distributor of air conditioning, heating, and refrigeration equipment as well as related parts and supplies (HVAC/R) in the United States.
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AAON INC (AAON): Get Free Report LENNOX INTL INC (LII): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. AAON Inc. ( AAON ) and Lennox International, Inc. ( LII ), both carrying a Zacks Rank #1 (Strong Buy). Moreover, higher efficiency units drive higher pricing and higher margins for the company Watsco's joint venture with Carrier Corporation, a wholly-owned subsidiary of United Technologies Corp. ( UTX ), remains successful and continues to generate profits.
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AAON INC (AAON): Get Free Report LENNOX INTL INC (LII): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. AAON Inc. ( AAON ) and Lennox International, Inc. ( LII ), both carrying a Zacks Rank #1 (Strong Buy). Watsco will continue to benefit from the demand in the replacement market as old units would get replaced by more energy-efficient units in the coming years.
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AAON INC (AAON): Get Free Report LENNOX INTL INC (LII): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. AAON Inc. ( AAON ) and Lennox International, Inc. ( LII ), both carrying a Zacks Rank #1 (Strong Buy). On Sep 17, we reiterated our Neutral recommendation on Watsco Inc. ( WSO ), a leading distributor of air conditioning, heating, and refrigeration equipment as well as related parts and supplies (HVAC/R) in the United States.
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10554.0
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2013-09-17 00:00:00 UTC
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Harsco Sells Infra Business to JV - Analyst Blog
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AAON
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https://www.nasdaq.com/articles/harsco-sells-infra-business-to-jv-analyst-blog-2013-09-17
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Harsco Corporation ( HSC ) recently announced the sale of its Infrastructure division to its own joint venture (JV) with private investment firm - Clayton, Dubilier & Rice. In lieu of the sale, Harsco will receive $300 million in cash and a 29% equity stake in the JV, valued at $225 million. The investment firm will also acquire Brand Energy & Infrastructure Services, Inc. from First Reserve. The two acquired businesses will continue to operate as Brand Energy & Infrastructure Services, offering specialized industrial services to the energy and infrastructure sectors.
The new entity, Brand Energy & Infrastructure Services' proforma revenues for 2013 are estimated to be around $3 billion, with earnings before interest, taxes, depreciation and amortization (EBITDA) margin in the low double-digits. Though the energy sector will be the major revenue driver for the new entity, there will be substantial revenue contributions from the maintenance work.
Harsco's Infrastructure segment generated revenues of $251 million in the second quarter of 2013, increasing 7% year over year. Despite the increased revenues, the segment incurred an adjusted operating loss of $2 million. The sell-off of the business is in line with the company's strategy of simplifying its business profile. Along with this, Harsco's financial structure will be enhanced, which can be used for the company's organic growth or for strategic acquisitions.
The transaction, subject to regulatory approvals, is expected to consummate before the end of 2013. Harsco reported weak results for the second quarter of 2013, with earnings per share of 30 cents missing the Zacks Consensus Estimate by 11.8%. Following the results, the Zacks Consensus Estimate for 2013 has dropped 22.5% in the last 60 days to 93 cents per share, reflecting an estimated year-over-year decline of 21.7%. For 2014, the Zacks Consensus Estimate declined 17.6% in the past 60 days to $1.31 per share, reflecting a year-over-year growth of 41.0%.
Harsco currently carries a Zacks Rank #5 (Strong Sell). Other stocks worth a look in the industrial services industry include AAON Inc. ( AAON ), CaesarStone Sdot-Yam Ltd. ( CSTE ) and Codexis, Inc. ( CDXS ). While AAON Inc. and CaesarStone carry a Zacks Rank #1 (Strong Buy), Codexis carries a Zacks Rank #2 (Buy).
AAON INC (AAON): Get Free Report
CODEXIS INC (CDXS): Free Stock Analysis Report
CAESAR STONE SD (CSTE): Free Stock Analysis Report
HARSCO CORP (HSC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other stocks worth a look in the industrial services industry include AAON Inc. ( AAON ), CaesarStone Sdot-Yam Ltd. ( CSTE ) and Codexis, Inc. ( CDXS ). While AAON Inc. and CaesarStone carry a Zacks Rank #1 (Strong Buy), Codexis carries a Zacks Rank #2 (Buy). AAON INC (AAON): Get Free Report CODEXIS INC (CDXS): Free Stock Analysis Report CAESAR STONE SD (CSTE): Free Stock Analysis Report HARSCO CORP (HSC): Free Stock Analysis Report To read this article on Zacks.com click here.
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While AAON Inc. and CaesarStone carry a Zacks Rank #1 (Strong Buy), Codexis carries a Zacks Rank #2 (Buy). AAON INC (AAON): Get Free Report CODEXIS INC (CDXS): Free Stock Analysis Report CAESAR STONE SD (CSTE): Free Stock Analysis Report HARSCO CORP (HSC): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth a look in the industrial services industry include AAON Inc. ( AAON ), CaesarStone Sdot-Yam Ltd. ( CSTE ) and Codexis, Inc. ( CDXS ).
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While AAON Inc. and CaesarStone carry a Zacks Rank #1 (Strong Buy), Codexis carries a Zacks Rank #2 (Buy). AAON INC (AAON): Get Free Report CODEXIS INC (CDXS): Free Stock Analysis Report CAESAR STONE SD (CSTE): Free Stock Analysis Report HARSCO CORP (HSC): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth a look in the industrial services industry include AAON Inc. ( AAON ), CaesarStone Sdot-Yam Ltd. ( CSTE ) and Codexis, Inc. ( CDXS ).
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Other stocks worth a look in the industrial services industry include AAON Inc. ( AAON ), CaesarStone Sdot-Yam Ltd. ( CSTE ) and Codexis, Inc. ( CDXS ). While AAON Inc. and CaesarStone carry a Zacks Rank #1 (Strong Buy), Codexis carries a Zacks Rank #2 (Buy). AAON INC (AAON): Get Free Report CODEXIS INC (CDXS): Free Stock Analysis Report CAESAR STONE SD (CSTE): Free Stock Analysis Report HARSCO CORP (HSC): Free Stock Analysis Report To read this article on Zacks.com click here.
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10555.0
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2013-04-19 00:00:00 UTC
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Watsco's 1Q Earnings Beat, Revs Miss - Analyst Blog
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AAON
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https://www.nasdaq.com/articles/watscos-1q-earnings-beat-revs-miss-analyst-blog-2013-04-19
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nan
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nan
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Watsco Inc. ( WSO ) reported first-quarter 2013 adjusted EPS of 39 cents, up 70% from 23 cents earned in the year-ago quarter and ahead of the Zacks Consensus Estimate of 33 cents, on the back of increased sales, better selling margins and operating efficiencies.
Total revenue increased 13% to a record $714 billion but marginally short of the Zacks Consensus Estimate of $715 million with same-store sales increasing 3%. Residential air conditioning and heating (HVAC) equipment sales increased 6% while commercial HVAC equipment dipped 5%. Other HVAC products were up 1% and commercial refrigeration products grew 7%.
Cost and Margins
Cost of sales increased 11% to $538.2 million in the quarter. Gross profit was up 16% to $175.4 million. Gross profit margin expanded 80 basis points (bps) to 24.6%. Selling, general and administrative expenses rose 11% to $144.9 million in the quarter. Income from operations increased 53% to record $30.5 million. Operating margin increased 110 basis points to 4.3%.
Financial Operations
Cash and cash equivalents were $22 million as of Mar 31, 2013, compared with $73.8 million as of Dec 31, 2012. For the quarter, cash flow from operating activities was usage of $17.5 million, mainly due to the typical, seasonal building up of inventories prior to gear up for the selling season. Debt-to-capitalization ratio remained flat at 24% as of Mar 31, 2013 compared with Dec 31, 2012.
Watsco paid $9 million in dividends during the quarter. In Jan 2013, Watsco announced it established a regular quarterly dividend rate of 25 cents per share.
Guidance for 2013
Watsco expects to generate earnings per share in the range of $3.60 to $3.75. This projects an annual growth rate of 19% to 24%, reflecting organic growth, accretion from Canada and the benefit of increasing Watsco's ownership in the first Carrier joint venture by 10% last July. Watsco expects to meet or exceed its annual target of generating cash flow greater than net income in 2013. Watsco plans to reduce its debt and evaluate the option of an increased dividend before the end of 2013.
Our Take
Watsco continues to increase its presence in the international markets, which currently contributes 16% of its total sales. Domestically, the company continues to witness growth in the residential product segment and the momentum is expected to continue in 2013 as well, aided by the recovery in the housing market.
Watsco has immense potential in the replacement market of air conditioners and heating systems in the U.S, as nearly 89 million of them are more than 10 years old. Furthermore, backed by its solid balance sheet, Watsco expects to increase its dividend and make additional investments going forward.
Watsco currently retains a Zacks Rank #3 (Hold). Watsco's peer Lennox International, Inc. ( LII ) is expected to report its first-quarter results on Apr 22, while AAON Inc. ( AAON ) will report its results on May 7 followed by Comfort Systems USA Inc. ( FIX ) on May 8.
AAON INC (AAON): Free Stock Analysis Report
COMFORT SYSTEMS (FIX): Free Stock Analysis Report
LENNOX INTL INC (LII): Free Stock Analysis Report
WATSCO INC (WSO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Watsco's peer Lennox International, Inc. ( LII ) is expected to report its first-quarter results on Apr 22, while AAON Inc. ( AAON ) will report its results on May 7 followed by Comfort Systems USA Inc. ( FIX ) on May 8. AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. Watsco expects to meet or exceed its annual target of generating cash flow greater than net income in 2013.
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Watsco's peer Lennox International, Inc. ( LII ) is expected to report its first-quarter results on Apr 22, while AAON Inc. ( AAON ) will report its results on May 7 followed by Comfort Systems USA Inc. ( FIX ) on May 8. AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. Residential air conditioning and heating (HVAC) equipment sales increased 6% while commercial HVAC equipment dipped 5%.
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AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. Watsco's peer Lennox International, Inc. ( LII ) is expected to report its first-quarter results on Apr 22, while AAON Inc. ( AAON ) will report its results on May 7 followed by Comfort Systems USA Inc. ( FIX ) on May 8. Watsco Inc. ( WSO ) reported first-quarter 2013 adjusted EPS of 39 cents, up 70% from 23 cents earned in the year-ago quarter and ahead of the Zacks Consensus Estimate of 33 cents, on the back of increased sales, better selling margins and operating efficiencies.
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Watsco's peer Lennox International, Inc. ( LII ) is expected to report its first-quarter results on Apr 22, while AAON Inc. ( AAON ) will report its results on May 7 followed by Comfort Systems USA Inc. ( FIX ) on May 8. AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. Watsco Inc. ( WSO ) reported first-quarter 2013 adjusted EPS of 39 cents, up 70% from 23 cents earned in the year-ago quarter and ahead of the Zacks Consensus Estimate of 33 cents, on the back of increased sales, better selling margins and operating efficiencies.
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10556.0
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2013-03-13 00:00:00 UTC
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Pre-Market Earnings Report for March 14, 2013 : BKE, DYN, GLP, DSX, SNTA, AAON, EBIX, CORE, ADES, ORBC, NGS, HCOM
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AAON
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https://www.nasdaq.com/articles/pre-market-earnings-report-march-14-2013-bke-dyn-glp-dsx-snta-aaon-ebix-core-ades-orbc-ngs
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nan
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The following companies are expected to report earnings prior to market open on 03/14/2013. Visit our Earnings Calendar for a full list of expected earnings releases.
Buckle, Inc. ( BKE ) is reporting for the quarter ending January 31, 2013. The retail (shoe) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.25. This value represents a 5.93% increase compared to the same quarter last year. In the past year BKE has met analyst expectations once and beat the expectations the other three quarters. The "days to cover" for this stock exceeds 22 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for BKE is 13.54 vs. an industry ratio of -7.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Dynegy Inc. ( DYN ) is reporting for the quarter ending December 31, 2012. The electric power utilities company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.08. This value represents a 103.25% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 22 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DYN is -8.70 vs. an industry ratio of 1.30.
Global Partners LP ( GLP ) is reporting for the quarter ending December 31, 2012. The oil refining company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.51. This value represents a 8.51% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for GLP is 28.72 vs. an industry ratio of 15.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Diana Shipping inc. ( DSX ) is reporting for the quarter ending December 31, 2012. The shipping company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.09. This value represents a 64.00% decrease compared to the same quarter last year. In the past year DSX has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 7.14%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DSX is 13.14 vs. an industry ratio of -1.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Synta Pharmaceuticals Corp. ( SNTA ) is reporting for the quarter ending December 31, 2012. The biomedical (gene) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.27. This value represents a 22.73% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 17 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for SNTA is -9.25 vs. an industry ratio of -11.40, implying that they will have a higher earnings growth than their competitors in the same industry.
AAON, Inc. ( AAON ) is reporting for the quarter ending December 31, 2012. The building company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.21. This value represents a 425.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAON is 24.82 vs. an industry ratio of 22.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Ebix Inc ( EBIX ) is reporting for the quarter ending December 31, 2012. The computer services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.44. This value represents a no change for the same quarter last year. In the past year EBIX has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 12.2%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for EBIX is 8.81 vs. an industry ratio of 36.00.
Core-Mark Holding Company, Inc. ( CORE ) is reporting for the quarter ending December 31, 2012. The wholesale food company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.82. This value represents a 24.24% increase compared to the same quarter last year. The last two quarters CORE had negative earnings surprises; the latest report they missed by -25%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for CORE is 16.18 vs. an industry ratio of 23.00.
ADA-ES, Inc. ( ADES ) is reporting for the quarter ending December 31, 2012. The pollution control company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.13. This value represents a 230.00% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for ADES is -30.28 vs. an industry ratio of 9.30.
ORBCOMM Inc. ( ORBC ) is reporting for the quarter ending December 31, 2012. The satellite communications company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.19. This value represents a 1050.00% decrease compared to the same quarter last year. ORBC missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -16.67%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for ORBC is 45.00 vs. an industry ratio of -1.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Natural Gas Services Group, Inc. ( NGS ) is reporting for the quarter ending December 31, 2012. The oil field machinery & equipment company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.23. This value represents a 8.00% decrease compared to the same quarter last year. The last two quarters NGS had negative earnings surprises; the latest report they missed by -4.55%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for NGS is 18.75 vs. an industry ratio of 17.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Hawaiian Telcom Holdco, Inc. ( HCOM ) is reporting for the quarter ending December 31, 2012. The diversified company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.49. This value represents a 22.22% decrease compared to the same quarter last year. HCOM missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -13.56%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for HCOM is 10.27 vs. an industry ratio of 17.90.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON, Inc. ( AAON ) is reporting for the quarter ending December 31, 2012. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAON is 24.82 vs. an industry ratio of 22.70, implying that they will have a higher earnings growth than their competitors in the same industry. The electric power utilities company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.08.
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AAON, Inc. ( AAON ) is reporting for the quarter ending December 31, 2012. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAON is 24.82 vs. an industry ratio of 22.70, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2013 Price to Earnings ratio for BKE is 13.54 vs. an industry ratio of -7.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAON is 24.82 vs. an industry ratio of 22.70, implying that they will have a higher earnings growth than their competitors in the same industry. AAON, Inc. ( AAON ) is reporting for the quarter ending December 31, 2012. Zacks Investment Research reports that the 2013 Price to Earnings ratio for BKE is 13.54 vs. an industry ratio of -7.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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AAON, Inc. ( AAON ) is reporting for the quarter ending December 31, 2012. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAON is 24.82 vs. an industry ratio of 22.70, implying that they will have a higher earnings growth than their competitors in the same industry. In the past year EBIX has beat the expectations every quarter.
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10557.0
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2013-02-15 00:00:00 UTC
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Watsco's 4Q EPS Lags, Sales Beats - Analyst Blog
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AAON
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https://www.nasdaq.com/articles/watscos-4q-eps-lags-sales-beats-analyst-blog-2013-02-15
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nan
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nan
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Watsco Inc. ( WSO ) reported fourth quarter 2012 adjusted EPS of 41 cents, up 5% from the year-ago quarter earnings of 39 cents, but missing the Zacks Consensus Estimate of 47 cents. Including one-time items, EPS in the quarter stood at 4 cents compared with 39 cents in the prior-year quarter.
Total revenue increased 19% to a record $765.5 billion, ahead of the Zacks Consensus Estimate of $744 million. Same-store sales increased 7%, including a 5% jump in air conditioning and heating (HVAC) equipment, a 31% surge in commercial refrigeration products and 5% increase in sales of other HVAC products.
Cost and Margins
Cost of sales increased 20% to $582.7 million in the quarter. Gross profit was up 14% to a record $182.8 million. However, gross profit margin dropped 100 basis points (bps) to 23.9%.
Selling, general and administrative expenses rose 16% to $149.4 million in the quarter. Income from operations increased 3% to record $33 million. Operating margin increased 60 basis points to 4.4%.
Fiscal 2012 Performance
Watsco reported adjusted EPS of $3.03, up 11% from $2.74 in 2011 but shy of the Zacks Consensus Estimate of $3.06. Including one-time items, EPS in 2012 was $2.70, down 1% from $2.74 in 2011.
Total revenue increased 15% to a record $3.43 billion, ahead of the Zacks Consensus Estimate of $3.41 billion. Same-store sales increased 4%, including a 5% rise in air conditioning and heating (HVAC) equipment and 211% surge in commercial refrigeration products, while sales of other HVAC products dropped 2%.
Financial Operations
Cash and cash equivalents were $74 million as of Dec 31, 2012, compared with $15.7 million as of Dec 31, 2011. For the year, operating cash flow was record $173 million. Debt-to-capitalization ratio increased to 24% as of Dec 31, 2012 from 2% as of Dec 31, 2011.
Watsco paid $256 million in dividends in 2012. Earlier, in October, Watsco's board of directors announced a special cash dividend of $5.00 per share. In Jan 2013, Watsco announced it established a regular quarterly dividend rate of 25 cents per share.
Our Take
Watsco continues to increase its presence in the international markets, which currently contributes 16% of its total sales. This is expected to be an important growth driver for Watsco in the long term.
Domestically, the company witnessed growth in both residential and commercial product segments. Residential unit growth was especially strong in the fourth quarter and that the momentum is expected to continue in 2013 as well.
Watsco has immense potential in the replacement market of air conditioners and heating systems in the U.S, as nearly 89 million of them are more than 10 years old. Backed by its solid balance sheet, Watsco can continue to increase its dividend and make additional investments going forward. Watsco also stands to benefit from a recovery in the housing market.
Watsco's business is subject to federal, state and local laws and regulations relating to the storage, handling, transportation and release of hazardous materials into the environment. These laws and regulations include the Clean Air Act, relating to minimum energy efficiency standards of HVAC systems and the production, servicing and disposal of certain ozone-depleting refrigerants used in such systems.
Watsco currently retains a short-term Zacks Rank #4 (Sell). Watsco's peer Lennox International, Inc. ( LII ) reported fourth quarter adjusted EPS of 56 cents compared with 55 cents in the prior year quarter. AAON Inc. ( AAON ) and Comfort Systems USA Inc. ( FIX ) are yet to announce their fourth quarter results.
AAON INC (AAON): Free Stock Analysis Report
COMFORT SYSTEMS (FIX): Free Stock Analysis Report
LENNOX INTL INC (LII): Free Stock Analysis Report
WATSCO INC (WSO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON Inc. ( AAON ) and Comfort Systems USA Inc. ( FIX ) are yet to announce their fourth quarter results. AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. Watsco has immense potential in the replacement market of air conditioners and heating systems in the U.S, as nearly 89 million of them are more than 10 years old.
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AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. AAON Inc. ( AAON ) and Comfort Systems USA Inc. ( FIX ) are yet to announce their fourth quarter results. Same-store sales increased 7%, including a 5% jump in air conditioning and heating (HVAC) equipment, a 31% surge in commercial refrigeration products and 5% increase in sales of other HVAC products.
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AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. AAON Inc. ( AAON ) and Comfort Systems USA Inc. ( FIX ) are yet to announce their fourth quarter results. Watsco Inc. ( WSO ) reported fourth quarter 2012 adjusted EPS of 41 cents, up 5% from the year-ago quarter earnings of 39 cents, but missing the Zacks Consensus Estimate of 47 cents.
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AAON Inc. ( AAON ) and Comfort Systems USA Inc. ( FIX ) are yet to announce their fourth quarter results. AAON INC (AAON): Free Stock Analysis Report COMFORT SYSTEMS (FIX): Free Stock Analysis Report LENNOX INTL INC (LII): Free Stock Analysis Report WATSCO INC (WSO): Free Stock Analysis Report To read this article on Zacks.com click here. For the year, operating cash flow was record $173 million.
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10558.0
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2012-11-27 00:00:00 UTC
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AAON, Inc. (AAON) Ex-Dividend Date Scheduled for November 29, 2012
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AAON
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https://www.nasdaq.com/articles/aaon-inc-aaon-ex-dividend-date-scheduled-november-29-2012-2012-11-27
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nan
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nan
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AAON, Inc. ( AAON ) has announced an ex-dividend date of November 29, 2012 and a cash dividend payment of $0.24 per share scheduled for December 24, 2012. Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 100% increase over the prior quarter. At the current stock price of $20.61.
The previous trading day's last sale of AAON was $20.61, representing a -8.2% decrease from the 52 week high of $22.45 and a 17.47% increase over the 52 week low of $17.55.
AAON is a part of the Capital Goods sector, which includes companies such as Canon, Inc. ( CAJ ) and Danaher Corporation ( DHR ). AAON's current earnings per share, an indicator of a company's profitability, is $.83. Zacks Investment Research reports AAON's forecasted earnings growth in 2012 as 75%, compared to an industry average of 20.9%.
For more information on the declaration, record and payment dates, visit the AAON Dividend History page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. AAON is a part of the Capital Goods sector, which includes companies such as Canon, Inc. ( CAJ ) and Danaher Corporation ( DHR ). Zacks Investment Research reports AAON's forecasted earnings growth in 2012 as 75%, compared to an industry average of 20.9%.
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Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AAON, Inc. ( AAON ) has announced an ex-dividend date of November 29, 2012 and a cash dividend payment of $0.24 per share scheduled for December 24, 2012.
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AAON, Inc. ( AAON ) has announced an ex-dividend date of November 29, 2012 and a cash dividend payment of $0.24 per share scheduled for December 24, 2012. Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAON was $20.61, representing a -8.2% decrease from the 52 week high of $22.45 and a 17.47% increase over the 52 week low of $17.55.
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AAON, Inc. ( AAON ) has announced an ex-dividend date of November 29, 2012 and a cash dividend payment of $0.24 per share scheduled for December 24, 2012. Shareholders who purchased AAON stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAON was $20.61, representing a -8.2% decrease from the 52 week high of $22.45 and a 17.47% increase over the 52 week low of $17.55.
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10559.0
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2012-08-15 00:00:00 UTC
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Zacks #1 Rank Additions for Wednesday - Tale of the Tape
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AAON
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https://www.nasdaq.com/articles/zacks-1-rank-additions-for-wednesday-tale-of-the-tape-2012-08-15
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nan
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nan
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today:
1st Century Bancshares, Inc. ( FCTY )
AAON, Inc. ( AAON )
AMN Healthcare Services, Inc. ( AHS )
Applied Industrial Technologies ( AIT )
Array Biopharma Inc. ( ARRY )
View the entire Zacks #1 Rank List .
AAON INC (AAON): Free Stock Analysis Report
AMN HLTHCR SVCS (AHS): Free Stock Analysis Report
APPLD INDL TECH (AIT): Free Stock Analysis Report
ARRAY BIOPHARMA (ARRY): Free Stock Analysis Report
1ST CENTURY BCS (FCTY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: 1st Century Bancshares, Inc. ( FCTY ) AAON, Inc. ( AAON ) AMN Healthcare Services, Inc. ( AHS ) Applied Industrial Technologies ( AIT ) Array Biopharma Inc. ( ARRY ) View the entire Zacks #1 Rank List . AAON INC (AAON): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report APPLD INDL TECH (AIT): Free Stock Analysis Report ARRAY BIOPHARMA (ARRY): Free Stock Analysis Report 1ST CENTURY BCS (FCTY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: 1st Century Bancshares, Inc. ( FCTY ) AAON, Inc. ( AAON ) AMN Healthcare Services, Inc. ( AHS ) Applied Industrial Technologies ( AIT ) Array Biopharma Inc. ( ARRY ) View the entire Zacks #1 Rank List . AAON INC (AAON): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report APPLD INDL TECH (AIT): Free Stock Analysis Report ARRAY BIOPHARMA (ARRY): Free Stock Analysis Report 1ST CENTURY BCS (FCTY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: 1st Century Bancshares, Inc. ( FCTY ) AAON, Inc. ( AAON ) AMN Healthcare Services, Inc. ( AHS ) Applied Industrial Technologies ( AIT ) Array Biopharma Inc. ( ARRY ) View the entire Zacks #1 Rank List . AAON INC (AAON): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report APPLD INDL TECH (AIT): Free Stock Analysis Report ARRAY BIOPHARMA (ARRY): Free Stock Analysis Report 1ST CENTURY BCS (FCTY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: 1st Century Bancshares, Inc. ( FCTY ) AAON, Inc. ( AAON ) AMN Healthcare Services, Inc. ( AHS ) Applied Industrial Technologies ( AIT ) Array Biopharma Inc. ( ARRY ) View the entire Zacks #1 Rank List . AAON INC (AAON): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report APPLD INDL TECH (AIT): Free Stock Analysis Report ARRAY BIOPHARMA (ARRY): Free Stock Analysis Report 1ST CENTURY BCS (FCTY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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10560.0
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2012-05-01 00:00:00 UTC
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Zacks #5 Rank Additions for Tuesday - Tale of the Tape
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AAON
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-tuesday-tale-of-the-tape-2012-05-01
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
AAON, Inc. ( AAON )
ABB Ltd (ADR) ( ABB )
Advanced Semiconductor Engineering (ADR) ( ASX )
Affymetrix, Inc. ( AFFX )
AIXTRON SE (ADR) ( AIXG )
View the entire Zacks #5 Rank List .
AAON INC ( AAON ): Free Stock Analysis Report
ABB LTD-ADR ( ABB ): Free Stock Analysis Report
AFFYMETRIX INC ( AFFX ): Free Stock Analysis Report
AIXTRON AG-ADR ( AIXG ): Free Stock Analysis Report
ADV SEMICON ADR ( ASX ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON, Inc. ( AAON ) ABB Ltd (ADR) ( ABB ) Advanced Semiconductor Engineering (ADR) ( ASX ) Affymetrix, Inc. ( AFFX ) AAON INC ( AAON ): Free Stock Analysis Report ABB LTD-ADR ( ABB ): Free Stock Analysis Report AFFYMETRIX INC ( AFFX ): Free Stock Analysis Report AIXTRON AG-ADR ( AIXG ): Free Stock Analysis Report ADV SEMICON ADR ( ASX ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON, Inc. ( AAON ) ABB Ltd (ADR) ( ABB ) Advanced Semiconductor Engineering (ADR) ( ASX ) Affymetrix, Inc. ( AFFX ) AAON INC ( AAON ): Free Stock Analysis Report ABB LTD-ADR ( ABB ): Free Stock Analysis Report AFFYMETRIX INC ( AFFX ): Free Stock Analysis Report AIXTRON AG-ADR ( AIXG ): Free Stock Analysis Report ADV SEMICON ADR ( ASX ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON INC ( AAON ): Free Stock Analysis Report ABB LTD-ADR ( ABB ): Free Stock Analysis Report AFFYMETRIX INC ( AFFX ): Free Stock Analysis Report AIXTRON AG-ADR ( AIXG ): Free Stock Analysis Report ADV SEMICON ADR ( ASX ): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON, Inc. ( AAON ) ABB Ltd (ADR) ( ABB ) Advanced Semiconductor Engineering (ADR) ( ASX ) Affymetrix, Inc. ( AFFX ) Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON, Inc. ( AAON ) ABB Ltd (ADR) ( ABB ) Advanced Semiconductor Engineering (ADR) ( ASX ) Affymetrix, Inc. ( AFFX ) AAON INC ( AAON ): Free Stock Analysis Report ABB LTD-ADR ( ABB ): Free Stock Analysis Report AFFYMETRIX INC ( AFFX ): Free Stock Analysis Report AIXTRON AG-ADR ( AIXG ): Free Stock Analysis Report ADV SEMICON ADR ( ASX ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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10561.0
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2012-04-24 00:00:00 UTC
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Zacks #5 Rank Additions for Tuesday - Tale of the Tape
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AAON
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-tuesday-tale-of-the-tape-2012-04-24
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
AAON, Inc. ( AAON )
AAR Corp. ( AIR )
Avery Dennison Corp. ( AVY )
Baker Hughes Inc. ( BHI )
Barnes & Noble, Inc. ( BKS )
View the entire Zacks #5 Rank List .
AAON INC ( AAON ): Free Stock Analysis Report
AAR CORP ( AIR ): Free Stock Analysis Report
AVERY DENNISON ( AVY ): Free Stock Analysis Report
BAKER-HUGHES ( BHI ): Free Stock Analysis Report
BARNES & NOBLE ( BKS ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON, Inc. ( AAON ) AAR Corp. ( AIR ) Avery Dennison Corp. ( AVY ) Baker Hughes Inc. ( BHI ) Barnes & Noble, Inc. ( BKS ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report AAR CORP ( AIR ): Free Stock Analysis Report AVERY DENNISON ( AVY ): Free Stock Analysis Report BAKER-HUGHES ( BHI ): Free Stock Analysis Report BARNES & NOBLE ( BKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON, Inc. ( AAON ) AAR Corp. ( AIR ) Avery Dennison Corp. ( AVY ) Baker Hughes Inc. ( BHI ) Barnes & Noble, Inc. ( BKS ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report AAR CORP ( AIR ): Free Stock Analysis Report AVERY DENNISON ( AVY ): Free Stock Analysis Report BAKER-HUGHES ( BHI ): Free Stock Analysis Report BARNES & NOBLE ( BKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON, Inc. ( AAON ) AAR Corp. ( AIR ) Avery Dennison Corp. ( AVY ) Baker Hughes Inc. ( BHI ) Barnes & Noble, Inc. ( BKS ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report AAR CORP ( AIR ): Free Stock Analysis Report AVERY DENNISON ( AVY ): Free Stock Analysis Report BAKER-HUGHES ( BHI ): Free Stock Analysis Report BARNES & NOBLE ( BKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON, Inc. ( AAON ) AAR Corp. ( AIR ) Avery Dennison Corp. ( AVY ) Baker Hughes Inc. ( BHI ) Barnes & Noble, Inc. ( BKS ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report AAR CORP ( AIR ): Free Stock Analysis Report AVERY DENNISON ( AVY ): Free Stock Analysis Report BAKER-HUGHES ( BHI ): Free Stock Analysis Report BARNES & NOBLE ( BKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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10562.0
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2012-04-16 00:00:00 UTC
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Zacks #5 Rank Additions for Monday - Tale of the Tape
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AAON
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-monday-tale-of-the-tape-2012-04-16
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
AAON, Inc. ( AAON )
Anika Therapeutics, Inc. ( ANIK )
Arcelor Mittal ( MT )
Avery Dennison Corp. ( AVY )
Bio-Rad Laboratories, Inc. ( BIO )
View the entire Zacks #5 Rank List .
AAON INC ( AAON ): Free Stock Analysis Report
ANIKA THERAPEUT ( ANIK ): Free Stock Analysis Report
AVERY DENNISON ( AVY ): Free Stock Analysis Report
BIO-RAD LABS -A ( BIO ): Free Stock Analysis Report
ARCELOR MITTAL ( MT ): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON, Inc. ( AAON ) Anika Therapeutics, Inc. ( ANIK ) Arcelor Mittal ( MT ) Avery Dennison Corp. ( AVY ) Bio-Rad Laboratories, Inc. ( BIO ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report ANIKA THERAPEUT ( ANIK ): Free Stock Analysis Report AVERY DENNISON ( AVY ): Free Stock Analysis Report BIO-RAD LABS -A ( BIO ): Free Stock Analysis Report ARCELOR MITTAL ( MT ): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON, Inc. ( AAON ) Anika Therapeutics, Inc. ( ANIK ) Arcelor Mittal ( MT ) Avery Dennison Corp. ( AVY ) Bio-Rad Laboratories, Inc. ( BIO ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report ANIKA THERAPEUT ( ANIK ): Free Stock Analysis Report AVERY DENNISON ( AVY ): Free Stock Analysis Report BIO-RAD LABS -A ( BIO ): Free Stock Analysis Report ARCELOR MITTAL ( MT ): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON INC ( AAON ): Free Stock Analysis Report ANIKA THERAPEUT ( ANIK ): Free Stock Analysis Report AVERY DENNISON ( AVY ): Free Stock Analysis Report BIO-RAD LABS -A ( BIO ): Free Stock Analysis Report ARCELOR MITTAL ( MT ): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON, Inc. ( AAON ) Anika Therapeutics, Inc. ( ANIK ) Arcelor Mittal ( MT ) Avery Dennison Corp. ( AVY ) Bio-Rad Laboratories, Inc. ( BIO ) View the entire Zacks #5 Rank List .
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON, Inc. ( AAON ) Anika Therapeutics, Inc. ( ANIK ) Arcelor Mittal ( MT ) Avery Dennison Corp. ( AVY ) Bio-Rad Laboratories, Inc. ( BIO ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report ANIKA THERAPEUT ( ANIK ): Free Stock Analysis Report AVERY DENNISON ( AVY ): Free Stock Analysis Report BIO-RAD LABS -A ( BIO ): Free Stock Analysis Report ARCELOR MITTAL ( MT ): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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10563.0
|
2011-12-06 00:00:00 UTC
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Zacks #5 Rank Additions for Tuesday - Tale of the Tape
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AAON
|
https://www.nasdaq.com/articles/zacks-5-rank-additions-for-tuesday-tale-of-the-tape-2011-12-06
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
AAON Inc ( AAON )
AGL Resources ( AGL )
Assured Guaranty ( AGO )
Barnes & Noble ( BKS )
Blue Nile ( NILE )
View the entire Zacks #5 Rank List .
AAON INC ( AAON ): Free Stock Analysis Report
AGL RESOURCES ( AGL ): Free Stock Analysis Report
ASSURED GUARNTY ( AGO ): Free Stock Analysis Report
BARNES & NOBLE ( BKS ): Free Stock Analysis Report
BLUE NILE INC ( NILE ): Free Stock Analysis Report
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON Inc ( AAON ) AGL Resources ( AGL ) Assured Guaranty ( AGO ) Barnes & Noble ( BKS ) Blue Nile ( NILE ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report AGL RESOURCES ( AGL ): Free Stock Analysis Report ASSURED GUARNTY ( AGO ): Free Stock Analysis Report BARNES & NOBLE ( BKS ): Free Stock Analysis Report BLUE NILE INC ( NILE ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON Inc ( AAON ) AGL Resources ( AGL ) Assured Guaranty ( AGO ) Barnes & Noble ( BKS ) Blue Nile ( NILE ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report AGL RESOURCES ( AGL ): Free Stock Analysis Report ASSURED GUARNTY ( AGO ): Free Stock Analysis Report BARNES & NOBLE ( BKS ): Free Stock Analysis Report BLUE NILE INC ( NILE ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON Inc ( AAON ) AGL Resources ( AGL ) Assured Guaranty ( AGO ) Barnes & Noble ( BKS ) Blue Nile ( NILE ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report AGL RESOURCES ( AGL ): Free Stock Analysis Report ASSURED GUARNTY ( AGO ): Free Stock Analysis Report BARNES & NOBLE ( BKS ): Free Stock Analysis Report BLUE NILE INC ( NILE ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON Inc ( AAON ) AGL Resources ( AGL ) Assured Guaranty ( AGO ) Barnes & Noble ( BKS ) Blue Nile ( NILE ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report AGL RESOURCES ( AGL ): Free Stock Analysis Report ASSURED GUARNTY ( AGO ): Free Stock Analysis Report BARNES & NOBLE ( BKS ): Free Stock Analysis Report BLUE NILE INC ( NILE ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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10564.0
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2011-12-01 00:00:00 UTC
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Zacks #5 Rank Additions for Thursday - Tale of the Tape
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AAON
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-thursday-tale-of-the-tape-2011-12-01
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
AAON Inc ( AAON )
Avery Dennison Corp ( AVY )
Bemis Co ( BMS )
Calamos Asset Mgmt ( CLMS )
Citi Trends ( CTRN )
View the entire Zacks #5 Rank List .
AAON INC ( AAON ): Free Stock Analysis Report
AVERY DENNISON ( AVY ): Free Stock Analysis Report
BEMIS ( BMS ): Free Stock Analysis Report
CALAMOS ASSET-A ( CLMS ): Free Stock Analysis Report
CITI TRENDS INC ( CTRN ): Free Stock Analysis Report
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON Inc ( AAON ) Avery Dennison Corp ( AVY ) Bemis Co ( BMS ) Calamos Asset Mgmt ( CLMS ) Citi Trends ( CTRN ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report AVERY DENNISON ( AVY ): Free Stock Analysis Report BEMIS ( BMS ): Free Stock Analysis Report CALAMOS ASSET-A ( CLMS ): Free Stock Analysis Report CITI TRENDS INC ( CTRN ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON Inc ( AAON ) Avery Dennison Corp ( AVY ) Bemis Co ( BMS ) Calamos Asset Mgmt ( CLMS ) Citi Trends ( CTRN ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report AVERY DENNISON ( AVY ): Free Stock Analysis Report BEMIS ( BMS ): Free Stock Analysis Report CALAMOS ASSET-A ( CLMS ): Free Stock Analysis Report CITI TRENDS INC ( CTRN ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON Inc ( AAON ) Avery Dennison Corp ( AVY ) Bemis Co ( BMS ) Calamos Asset Mgmt ( CLMS ) Citi Trends ( CTRN ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report AVERY DENNISON ( AVY ): Free Stock Analysis Report BEMIS ( BMS ): Free Stock Analysis Report CALAMOS ASSET-A ( CLMS ): Free Stock Analysis Report CITI TRENDS INC ( CTRN ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AAON Inc ( AAON ) Avery Dennison Corp ( AVY ) Bemis Co ( BMS ) Calamos Asset Mgmt ( CLMS ) Citi Trends ( CTRN ) View the entire Zacks #5 Rank List . AAON INC ( AAON ): Free Stock Analysis Report AVERY DENNISON ( AVY ): Free Stock Analysis Report BEMIS ( BMS ): Free Stock Analysis Report CALAMOS ASSET-A ( CLMS ): Free Stock Analysis Report CITI TRENDS INC ( CTRN ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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10565.0
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2023-12-13 00:00:00 UTC
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Why Is Advance Auto Parts (AAP) Up 19.8% Since Last Earnings Report?
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AAP
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https://www.nasdaq.com/articles/why-is-advance-auto-parts-aap-up-19.8-since-last-earnings-report
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nan
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nan
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A month has gone by since the last earnings report for Advance Auto Parts (AAP). Shares have added about 19.8% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Advance Auto Parts due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Advance Auto Posts Q3 Loss
Advance Auto incurred an adjusted loss of 82 cents per share for third-quarter 2023 against adjusted earnings of $1.92 in the year-ago quarter. The reported figure was also in contrast to the Zacks Consensus Estimate of earnings of $1.42 per share. Advance Auto generated net revenues of $2,719 million, which topped the Zacks Consensus Estimate of $2,679 million on higher-than-expected comparable store sales. Comparable store sales increased 1.2%. We projected an increase of 0.2%. The top line increased 2.9% year over year.
Advance Auto reported an operating loss of $43.7 million, down from operating income of $171 million recorded in the corresponding quarter of 2022. SG&A expenses totaled $1,030.4 million for third-quarter 2023, up 2.2% year over year.
Advance Auto had cash and cash equivalents of $317.5 million as of Oct 7, 2023 compared with $269.3 million on Dec 31, 2023. Total long-term debt was $1,785.7 million as of Oct 7, 2023, up from $1,188.3 million on Dec 31, 2022. From January through the third quarter of 2023, net cash provided by operating activities and negative free cash flow totaled $30.4 million and $156.8 million, respectively.
AAP’s board declared a cash dividend of 25 cents per share, which would be paid out on Jan 26, 2024, to all common shareholders of record as of Jan 12, 2024.
As of Oct 7, 2023, AAP operated 4,785 stores and 320 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. It also served 1,307 independently owned Carquest-branded stores across these locations, in addition to Mexico and various Caribbean islands.
Advance Auto now estimates 2023 net sales in the band of $11.25-$11.30 billion compared with the previous guided range of $11.25-$11.35 billion. Comparable store sales are projected within a range of negative 0.5% to 0%. The operating income margin is envisioned in the range of 1.8-2%, down from 4-4.3%, guided earlier.
AAP expects 2023 capex in the range of $200-$250 million. The company projects FCF in the band of $50-$100 million, down from the prior guidance of $150-$250 million. Earnings are forecast between $1.40 per share and $1.80 per share, down from the previous estimate of $4.50-$5.10 per share. AAP now aims to open 55 to 65 new stores this year, up from the prior guidance of 40 to 60 stores.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates.
The consensus estimate has shifted -73.73% due to these changes.
VGM Scores
At this time, Advance Auto Parts has a poor Growth Score of F, a grade with the same score on the momentum front. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Advance Auto Parts has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As of Oct 7, 2023, AAP operated 4,785 stores and 320 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. A month has gone by since the last earnings report for Advance Auto Parts (AAP). AAP’s board declared a cash dividend of 25 cents per share, which would be paid out on Jan 26, 2024, to all common shareholders of record as of Jan 12, 2024.
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A month has gone by since the last earnings report for Advance Auto Parts (AAP). AAP’s board declared a cash dividend of 25 cents per share, which would be paid out on Jan 26, 2024, to all common shareholders of record as of Jan 12, 2024. As of Oct 7, 2023, AAP operated 4,785 stores and 320 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands.
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A month has gone by since the last earnings report for Advance Auto Parts (AAP). AAP’s board declared a cash dividend of 25 cents per share, which would be paid out on Jan 26, 2024, to all common shareholders of record as of Jan 12, 2024. As of Oct 7, 2023, AAP operated 4,785 stores and 320 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands.
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A month has gone by since the last earnings report for Advance Auto Parts (AAP). AAP’s board declared a cash dividend of 25 cents per share, which would be paid out on Jan 26, 2024, to all common shareholders of record as of Jan 12, 2024. As of Oct 7, 2023, AAP operated 4,785 stores and 320 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands.
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10566.0
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2023-12-12 00:00:00 UTC
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AAP Crosses Above Average Analyst Target
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AAP
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https://www.nasdaq.com/articles/aap-crosses-above-average-analyst-target
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nan
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nan
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In recent trading, shares of Advance Auto Parts Inc (Symbol: AAP) have crossed above the average analyst 12-month target price of $58.76, changing hands for $60.83/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 17 different analyst targets within the Zacks coverage universe contributing to that average for Advance Auto Parts Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $43.00. And then on the other side of the spectrum one analyst has a target as high as $75.00. The standard deviation is $9.47.
But the whole reason to look at the average AAP price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAP crossing above that average target price of $58.76/share, investors in AAP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $58.76 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Advance Auto Parts Inc:
RECENT AAP ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 1 1 1 1
Buy ratings: 0 0 0 0
Hold ratings: 19 20 20 19
Sell ratings: 1 0 0 0
Strong sell ratings: 1 1 1 1
Average rating: 3.05 3.0 3.0 3.0
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on AAP — FREE.
10 ETFs With Most Upside To Analyst Targets »
Also see:
Preferred Stock Notification Service
VTGN Insider Buying
NSEC Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent trading, shares of Advance Auto Parts Inc (Symbol: AAP) have crossed above the average analyst 12-month target price of $58.76, changing hands for $60.83/share. And so with AAP crossing above that average target price of $58.76/share, investors in AAP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $58.76 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? But the whole reason to look at the average AAP price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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In recent trading, shares of Advance Auto Parts Inc (Symbol: AAP) have crossed above the average analyst 12-month target price of $58.76, changing hands for $60.83/share. But the whole reason to look at the average AAP price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAP crossing above that average target price of $58.76/share, investors in AAP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $58.76 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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And so with AAP crossing above that average target price of $58.76/share, investors in AAP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $58.76 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Advance Auto Parts Inc (Symbol: AAP) have crossed above the average analyst 12-month target price of $58.76, changing hands for $60.83/share. But the whole reason to look at the average AAP price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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In recent trading, shares of Advance Auto Parts Inc (Symbol: AAP) have crossed above the average analyst 12-month target price of $58.76, changing hands for $60.83/share. But the whole reason to look at the average AAP price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAP crossing above that average target price of $58.76/share, investors in AAP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $58.76 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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10567.0
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2023-12-11 00:00:00 UTC
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AAP Quantitative Stock Analysis
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AAP
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https://www.nasdaq.com/articles/aap-quantitative-stock-analysis
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nan
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nan
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown.
ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating using this strategy is 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
UNIVERSE: PASS
NET PAYOUT YIELD: PASS
QUALITY AND DEBT: FAIL
VALUATION: PASS
RELATIVE STRENGTH: FAIL
SHAREHOLDER YIELD: FAIL
Detailed Analysis of ADVANCE AUTO PARTS, INC.
AAP Guru Analysis
AAP Fundamental Analysis
More Information on Meb Faber
Meb Faber Portfolio
About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap growth stock in the Auto & Truck Parts industry.
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Of the 22 guru strategies we follow, AAP rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP).
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Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber.
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments.
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10568.0
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2023-12-11 00:00:00 UTC
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Noteworthy Tuesday Option Activity: GME, ETSY, AAP
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AAP
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-gme-etsy-aap
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in GameStop Corp (Symbol: GME), where a total of 51,353 contracts have traded so far, representing approximately 5.1 million underlying shares. That amounts to about 46.5% of GME's average daily trading volume over the past month of 11.1 million shares. Particularly high volume was seen for the $127.50 strike call option expiring January 19, 2024, with 5,929 contracts trading so far today, representing approximately 592,900 underlying shares of GME. Below is a chart showing GME's trailing twelve month trading history, with the $127.50 strike highlighted in orange:
Etsy Inc (Symbol: ETSY) saw options trading volume of 18,723 contracts, representing approximately 1.9 million underlying shares or approximately 46.2% of ETSY's average daily trading volume over the past month, of 4.1 million shares. Particularly high volume was seen for the $100 strike call option expiring January 19, 2024, with 1,489 contracts trading so far today, representing approximately 148,900 underlying shares of ETSY. Below is a chart showing ETSY's trailing twelve month trading history, with the $100 strike highlighted in orange:
And Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 12,025 contracts, representing approximately 1.2 million underlying shares or approximately 44.7% of AAP's average daily trading volume over the past month, of 2.7 million shares. Especially high volume was seen for the $45 strike put option expiring January 12, 2024, with 7,006 contracts trading so far today, representing approximately 700,600 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $45 strike highlighted in orange:
For the various different available expirations for GME options, ETSY options, or AAP options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Funds Holding REVS
UTHR Insider Buying
DIS Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $45 strike put option expiring January 12, 2024, with 7,006 contracts trading so far today, representing approximately 700,600 underlying shares of AAP. Below is a chart showing ETSY's trailing twelve month trading history, with the $100 strike highlighted in orange: And Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 12,025 contracts, representing approximately 1.2 million underlying shares or approximately 44.7% of AAP's average daily trading volume over the past month, of 2.7 million shares. Below is a chart showing AAP's trailing twelve month trading history, with the $45 strike highlighted in orange: For the various different available expirations for GME options, ETSY options, or AAP options, visit StockOptionsChannel.com.
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Below is a chart showing ETSY's trailing twelve month trading history, with the $100 strike highlighted in orange: And Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 12,025 contracts, representing approximately 1.2 million underlying shares or approximately 44.7% of AAP's average daily trading volume over the past month, of 2.7 million shares. Especially high volume was seen for the $45 strike put option expiring January 12, 2024, with 7,006 contracts trading so far today, representing approximately 700,600 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $45 strike highlighted in orange: For the various different available expirations for GME options, ETSY options, or AAP options, visit StockOptionsChannel.com.
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Below is a chart showing ETSY's trailing twelve month trading history, with the $100 strike highlighted in orange: And Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 12,025 contracts, representing approximately 1.2 million underlying shares or approximately 44.7% of AAP's average daily trading volume over the past month, of 2.7 million shares. Especially high volume was seen for the $45 strike put option expiring January 12, 2024, with 7,006 contracts trading so far today, representing approximately 700,600 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $45 strike highlighted in orange: For the various different available expirations for GME options, ETSY options, or AAP options, visit StockOptionsChannel.com.
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Below is a chart showing ETSY's trailing twelve month trading history, with the $100 strike highlighted in orange: And Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 12,025 contracts, representing approximately 1.2 million underlying shares or approximately 44.7% of AAP's average daily trading volume over the past month, of 2.7 million shares. Below is a chart showing AAP's trailing twelve month trading history, with the $45 strike highlighted in orange: For the various different available expirations for GME options, ETSY options, or AAP options, visit StockOptionsChannel.com. Especially high volume was seen for the $45 strike put option expiring January 12, 2024, with 7,006 contracts trading so far today, representing approximately 700,600 underlying shares of AAP.
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10569.0
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2023-12-07 00:00:00 UTC
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AAP January 2024 Options Begin Trading
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AAP
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https://www.nasdaq.com/articles/aap-january-2024-options-begin-trading
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $55.00 strike price has a current bid of $2.90. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $55.00, but will also collect the premium, putting the cost basis of the shares at $52.10 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $55.69/share today.
Because the $55.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 5.27% return on the cash commitment, or 38.49% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $55.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $56.00 strike price has a current bid of $3.60. If an investor was to purchase shares of AAP stock at the current price level of $55.69/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $56.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 7.02% if the stock gets called away at the January 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $56.00 strike highlighted in red:
Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.46% boost of extra return to the investor, or 47.19% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $55.69) to be 56%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
BX Insider Buying
Institutional Holders of FPH
Top Ten Hedge Funds Holding SCTY
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $56.00 strike highlighted in red: Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2024 expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $56.00 strike highlighted in red: Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $56.00 strike highlighted in red: Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $56.00 strike highlighted in red: Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
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10570.0
|
2023-12-07 00:00:00 UTC
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AAP January 2024 Options Begin Trading
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AAP
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https://www.nasdaq.com/articles/aap-january-2024-options-begin-trading-0
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $55.00 strike price has a current bid of $2.90. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $55.00, but will also collect the premium, putting the cost basis of the shares at $52.10 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $55.69/share today.
Because the $55.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 5.27% return on the cash commitment, or 38.49% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $55.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $56.00 strike price has a current bid of $3.60. If an investor was to purchase shares of AAP stock at the current price level of $55.69/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $56.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 7.02% if the stock gets called away at the January 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $56.00 strike highlighted in red:
Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.46% boost of extra return to the investor, or 47.19% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $55.69) to be 56%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
BX Insider Buying
Institutional Holders of FPH
Top Ten Hedge Funds Holding SCTY
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $56.00 strike highlighted in red: Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2024 expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $56.00 strike highlighted in red: Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $56.00 strike highlighted in red: Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $56.00 strike highlighted in red: Considering the fact that the $56.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
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10571.0
|
2023-12-05 00:00:00 UTC
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11.2% of VIOV Holdings Seeing Recent Insider Buys
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AAP
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https://www.nasdaq.com/articles/11.2-of-viov-holdings-seeing-recent-insider-buys
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nan
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nan
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A look at the weighted underlying holdings of the Vanguard S&P Small-Cap 600 Value ETF (Symbol: VIOV) shows an impressive 11.2% of holdings on a weighted basis have experienced insider buying within the past six months.
Advance Auto Parts Inc (Symbol: AAP), which makes up 1.62% of the Vanguard S&P Small-Cap 600 Value ETF (Symbol: VIOV), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $21,571,722 worth of AAP, making it the #1 largest holding. The table below details the recent insider buying activity observed at AAP:
AAP — last trade: $55.63 — Recent Insider Buys:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
06/07/2023 Jeffrey J. Jones II Director 1,525 $65.94 $100,558
06/07/2023 Eugene I. Lee Jr. Director 7,635 $65.51 $500,160
06/07/2023 John Francis Ferraro Director 1,525 $65.56 $99,979
06/07/2023 Carla Jean Bailo Director 500 $65.90 $32,950
06/12/2023 Douglas A. Pertz Director 6,145 $65.44 $402,145
06/09/2023 Joan M. Hilson Director 388 $64.26 $24,933
09/13/2023 Eugene I. Lee Jr. Director 8,670 $57.65 $499,818
And Fortrea Holdings Inc (Symbol: FTRE), the #33 largest holding among components of the Vanguard S&P Small-Cap 600 Value ETF (Symbol: VIOV), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $6,613,581 worth of FTRE, which represents approximately 0.51% of the ETF's total assets at last check. The recent insider buying activity observed at FTRE is detailed in the table below:
FTRE — last trade: $31.64 — Recent Insider Buys:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
08/23/2023 Peter M. Neupert Director 11,000 $25.30 $278,256
08/23/2023 Thomas Pike Chief Executive Officer 20,000 $25.23 $504,640
10 ETFs With Stocks That Insiders Are Buying »
Also see:
Top Stocks Held By Leon Cooperman
STOK Insider Buying
COP Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc (Symbol: AAP), which makes up 1.62% of the Vanguard S&P Small-Cap 600 Value ETF (Symbol: VIOV), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $21,571,722 worth of AAP, making it the #1 largest holding. The table below details the recent insider buying activity observed at AAP: AAP — last trade: $55.63 — Recent Insider Buys:
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The table below details the recent insider buying activity observed at AAP: AAP — last trade: $55.63 — Recent Insider Buys: Advance Auto Parts Inc (Symbol: AAP), which makes up 1.62% of the Vanguard S&P Small-Cap 600 Value ETF (Symbol: VIOV), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $21,571,722 worth of AAP, making it the #1 largest holding.
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The table below details the recent insider buying activity observed at AAP: AAP — last trade: $55.63 — Recent Insider Buys: Advance Auto Parts Inc (Symbol: AAP), which makes up 1.62% of the Vanguard S&P Small-Cap 600 Value ETF (Symbol: VIOV), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $21,571,722 worth of AAP, making it the #1 largest holding.
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Advance Auto Parts Inc (Symbol: AAP), which makes up 1.62% of the Vanguard S&P Small-Cap 600 Value ETF (Symbol: VIOV), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $21,571,722 worth of AAP, making it the #1 largest holding. The table below details the recent insider buying activity observed at AAP: AAP — last trade: $55.63 — Recent Insider Buys:
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10572.0
|
2023-11-18 00:00:00 UTC
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Advance Auto Parts Stock: Buy, Sell, or Hold?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-stock%3A-buy-sell-or-hold
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nan
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nan
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To borrow a principle from Benjamin Graham and Warren Buffett, price is what you pay, but value is what you actually get. I certainly wouldn't be the first commentator to call Advance Auto Parts (NYSE: AAP) stock a value trap, but even after a precipitous share price drop, it's difficult to find value in this automotive parts retailer.
Sure, Advance Auto Parts stock bounced 4.4% the day before the company released its third-quarter 2023 earnings results. However, many beaten-down stocks caught a bid that day due to a better-than-expected inflation report. When Advance Auto Parts released its quarterly report the next day, the stock tanked and it's not difficult to see why investors were in a bad mood.
Another quarter, another guidance cut
To understand the present, investors should examine the past. In the case of Advance Auto Parts, examining previous quarterly earnings reports will reveal an unfortunate pattern of guidance cuts.
In this year's first quarter, Advance Auto Parts stunned investors by nearly halving its full-year 2023 EPS outlook range from a range of $10.20-$11.20 down to just $6.00-$6.50. Less drastically but nonetheless painfully, Advance Auto Parts also reduced its 2023 sales guidance from between $11.4 billion and $11.6 billion to a range of $11.2 billion to $11.3 billion.
Fast-forward to Advance Auto Parts' second-quarter report, and the company disappointed investors with another earnings guidance reduction. Specifically, Advance Auto Parts lowered its 2023 earnings per share (EPS) outlook to a range of $4.50 to $5.10. However, at least the company nudged its full-year sales guidance up to a range of $11.25 billion to $11.35 billion.
Could it get any worse from there? Never underestimate Advance Auto Parts' ability to let its investors down. The company's third-quarter update disclosed a newly slashed 2023 EPS guidance range of $1.40 to $1.80 (from $10.20 to $11.20 less than a year ago, mind you) as well as a slightly lowered full-year sales guidance of $11.25 billion to $11.3 billion.
With each fresh, deep EPS outlook cut, one can only wonder whether any credibility should be assigned to Advance Auto Parts' current full-year guidance. Even if investors are willing to give credence to the company's forecasts, it will be difficult to overlook Advance Auto Parts' unfortunate shift from many consecutive quarters of profitability to a sudden $48.6 million net loss in Q3 2023.
An underwhelming "strategic review" update
In September, Shane O'Kelly replaced Tom Greco as CEO of Advance Auto Parts, and some investors may have hoped that this event would mark a turning point for the company. After all, O'Kelly had former executive experience at a Home Depot subsidiary and promised an "operational and strategic review of the business" for Advance Auto Parts.
From then until mid-November, Advance Auto Parts provided no updates on the progress of this strategic review. Week after week, investors hungered for any indication that O'Kelly would turn the company around and somehow make it more competitive against rivals like AutoZone and O'Reilly Automotive. As time passed and Advance Auto Parts' third-quarter earnings report date approached, it became increasingly evident that O'Kelly needed to deliver a grand slam of a strategic review.
As it turned out, O'Kelly's update consisted of two parts. First, Advance Auto Parts is launching a cost-cutting program that's expected to save $150 million per year. However, it's really $100 million of cost savings since the company will "reinvest up to $50 million of these savings in our team members with a clear focus on improving the retention of our frontline team members."
Second, Advance Auto Parts will focus on its "blended box business model," which means selling its wholesale automotive-parts distributor Worldpac as well as the company's Canadian business. Thus, Advance Auto Parts' "strategic review," so far, basically consists of cost-cutting.
If this is only the beginning of a more comprehensive company overhaul, then perhaps Advance Auto Parts might actually be on the cusp of a turnaround. For now, however -- especially in the wake of another credibility-straining guidance cut -- prudent investors should demand more from Advance Auto Parts. The company must show, not just tell, that it can regain market share amid fierce competition. Therefore, Advance Auto Parts stock is a sell and remains a potential trap that still needs to demonstrate its value.
10 stocks we like better than Advance Auto Parts
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David Moadel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Home Depot. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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I certainly wouldn't be the first commentator to call Advance Auto Parts (NYSE: AAP) stock a value trap, but even after a precipitous share price drop, it's difficult to find value in this automotive parts retailer. Even if investors are willing to give credence to the company's forecasts, it will be difficult to overlook Advance Auto Parts' unfortunate shift from many consecutive quarters of profitability to a sudden $48.6 million net loss in Q3 2023. An underwhelming "strategic review" update In September, Shane O'Kelly replaced Tom Greco as CEO of Advance Auto Parts, and some investors may have hoped that this event would mark a turning point for the company.
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I certainly wouldn't be the first commentator to call Advance Auto Parts (NYSE: AAP) stock a value trap, but even after a precipitous share price drop, it's difficult to find value in this automotive parts retailer. In the case of Advance Auto Parts, examining previous quarterly earnings reports will reveal an unfortunate pattern of guidance cuts. Specifically, Advance Auto Parts lowered its 2023 earnings per share (EPS) outlook to a range of $4.50 to $5.10.
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I certainly wouldn't be the first commentator to call Advance Auto Parts (NYSE: AAP) stock a value trap, but even after a precipitous share price drop, it's difficult to find value in this automotive parts retailer. Less drastically but nonetheless painfully, Advance Auto Parts also reduced its 2023 sales guidance from between $11.4 billion and $11.6 billion to a range of $11.2 billion to $11.3 billion. 10 stocks we like better than Advance Auto Parts When our analyst team has a stock tip, it can pay to listen.
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I certainly wouldn't be the first commentator to call Advance Auto Parts (NYSE: AAP) stock a value trap, but even after a precipitous share price drop, it's difficult to find value in this automotive parts retailer. When Advance Auto Parts released its quarterly report the next day, the stock tanked and it's not difficult to see why investors were in a bad mood. In the case of Advance Auto Parts, examining previous quarterly earnings reports will reveal an unfortunate pattern of guidance cuts.
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10573.0
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2023-11-16 00:00:00 UTC
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Company News for Nov 16, 2023
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AAP
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https://www.nasdaq.com/articles/company-news-for-nov-16-2023
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nan
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nan
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Alcon Inc.’s (ALC) shares plummeted 5.9% after the company reported third-quarter 2023 adjusted earnings per share of $60.66, missing the Zacks Consensus Estimate of $0.67.
Shares of XPeng Inc. (XPEV) rose 2.3% after reporting third-quarter 2023 adjusted loss per share of $0.62, narrower-than the Zacks Consensus Estimate of a loss per share of $0.72.
Olink Holding AB’s (OLK) shares surged 3.8% after posting third quarter 2023 adjusted loss per share of $0.01, narrower-than the Zacks Consensus Estimate of a loss per share of $0.08.
Shares of Advance Auto Parts Inc. (AAP) tumbled 4.7% after the company reported third-quarter 2023 adjusted loss per share of $0.82, in contrast to the Zacks Consensus Estimate of an earnings per share of $1.42.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Advance Auto Parts Inc. (AAP) tumbled 4.7% after the company reported third-quarter 2023 adjusted loss per share of $0.82, in contrast to the Zacks Consensus Estimate of an earnings per share of $1.42. Click to get this free report Alcon (ALC) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report XPeng Inc. Alcon Inc.’s (ALC) shares plummeted 5.9% after the company reported third-quarter 2023 adjusted earnings per share of $60.66, missing the Zacks Consensus Estimate of $0.67.
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Click to get this free report Alcon (ALC) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report XPeng Inc. Shares of Advance Auto Parts Inc. (AAP) tumbled 4.7% after the company reported third-quarter 2023 adjusted loss per share of $0.82, in contrast to the Zacks Consensus Estimate of an earnings per share of $1.42. Shares of XPeng Inc. (XPEV) rose 2.3% after reporting third-quarter 2023 adjusted loss per share of $0.62, narrower-than the Zacks Consensus Estimate of a loss per share of $0.72.
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Shares of Advance Auto Parts Inc. (AAP) tumbled 4.7% after the company reported third-quarter 2023 adjusted loss per share of $0.82, in contrast to the Zacks Consensus Estimate of an earnings per share of $1.42. Click to get this free report Alcon (ALC) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report XPeng Inc. Shares of XPeng Inc. (XPEV) rose 2.3% after reporting third-quarter 2023 adjusted loss per share of $0.62, narrower-than the Zacks Consensus Estimate of a loss per share of $0.72.
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Click to get this free report Alcon (ALC) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report XPeng Inc. Shares of Advance Auto Parts Inc. (AAP) tumbled 4.7% after the company reported third-quarter 2023 adjusted loss per share of $0.82, in contrast to the Zacks Consensus Estimate of an earnings per share of $1.42. Alcon Inc.’s (ALC) shares plummeted 5.9% after the company reported third-quarter 2023 adjusted earnings per share of $60.66, missing the Zacks Consensus Estimate of $0.67.
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10574.0
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2023-11-15 00:00:00 UTC
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Advance Auto Parts Stock (NYSE:AAP): Take This One to the Scrap Yard
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-stock-nyse%3Aaap%3A-take-this-one-to-the-scrap-yard
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nan
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nan
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Is Advance Auto Parts (NYSE:AAP) an underdog or just a dog? Sorry to say, but I believe that Advance Auto Parts belongs in Wall Street's scrap yard, as the company's turnaround efforts are too little, too late. Overall, I am bearish on AAP stock and consider it to be a value trap.
Advance Auto Parts offers aftermarket parts for automobiles in the U.S. This might sound like a great business model during a time when new cars are expensive and many Americans are forced to maintain their current vehicles.
Sure, it's been a great business model for more successful competitors, like AutoZone (NYSE:AZO) and O'Reilly Automotive (NYSE:ORLY). For Advance Auto Parts, however, there's been no clear growth story, even with a highly-touted chief executive in charge.
New CEO Brought Turnaround Hopes for Advance Auto Parts
As you may recall, stock traders put Advance Auto Parts in the doghouse earlier this year after the company slashed its full-year EPS guidance in its Q1-2023 quarterly report. Around that same time, Advance Auto Parts chopped its quarterly dividend payments from $1.50 per share to just $0.25 per share.
Fast-forward to Advance Auto Parts' Q2-2023 quarterly report, and the company reduced its 2023 EPS guidance again. At this point, Advance Auto Parts' credibility was starting to fall apart. Could investors believe the company's forward earnings guidance anymore?
Still, at least Advance Auto Parts was consistently profitable up to that point. Surely, the company would continue to stay "in the black," as they say, right?
We'll talk about that in a moment. Getting back to Advance Auto Parts' second-quarter report, the company offered some hope of a turnaround. First, Advance Auto Parts brought in a new CEO, Shane O'Kelly, who has prior executive experience at Home Depot (NYSE:HD). Additionally, O'Kelly promised that Advance Auto Parts would "undertake an operational and strategic review of the business."
This offered some hope to downtrodden AAP stockholders. Then, Advance Auto Parts' shareholders waited and waited. Weeks turned into months with no update from Advance Auto Parts on the "strategic review."
However, Advance Auto Parts released its third-quarter 2023 results this morning, and eager investors surely hoped that the company would provide decent results as well as an update on the "strategic review." So, what did Advance Auto Parts actually deliver?
Advance Auto Parts Serves Up a Nothing Sandwich
In reality, Advance Auto Parts delivered much less than investors should have expected. For one thing, the company flipped from prior profitability to a loss of $0.82 per share. In contrast, Wall Street had called for Advance Auto Parts to report earnings of $1.44 per share.
Granted, Advance Auto Parts did meet the Q3-2023 consensus sales estimate of $2.68 billion, as the actual result was around $2.7 billion. On the other hand, Advance Auto Parts jeopardized its credibility again by reducing its full-year EPS outlook to $1.40-$1.80. That's a huge cut compared to the prior guidance of $4.50-$5.10.
What about O'Kelly's promised "strategic review," though? There was an update to this, but it was just a couple of cost-cutting announcements. First, Advance Auto Parts will implement a cost reduction program that the company anticipates "will generate at least $150 million in savings on an annualized basis." Yet, it really will be only $100 million of cost savings per year since O'Kelly expects Advance Auto Parts to "reinvest up to $50 million of these savings" in the company's "team members."
Also, Advance Auto Parts will divest its wholesale distributor business, known as Worldpac, as well as the company's Canadian business, which mainly serves commercial customers. So, there's your long-awaited update -- some cost savings and business divestitures. Surely, investors should have hoped for more than this after the prolonged silence from Advance Auto Parts.
Is AAP Stock a Buy, According to Analysts?
On TipRanks, AAP comes in as a Hold based on 15 unanimous Hold ratings assigned by analysts in the past three months. The average Advance Auto Parts stock price target is $66.54, implying 13.1% upside potential.
Conclusion: Should You Consider AAP Stock?
It's possible that CEO O'Kelly will soon issue another, more meaningful update. However, it's risky to invest in Advance Auto Parts now in hopes of better results and more details on the "strategic review."
Meanwhile, Advance Auto Parts still has to compete against highly-favored rivals in the automotive components market. Therefore, I'm bearish on AAP stock, and it's not on my list of investments to consider now.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Is Advance Auto Parts (NYSE:AAP) an underdog or just a dog? Overall, I am bearish on AAP stock and consider it to be a value trap. This offered some hope to downtrodden AAP stockholders.
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Is Advance Auto Parts (NYSE:AAP) an underdog or just a dog? Overall, I am bearish on AAP stock and consider it to be a value trap. This offered some hope to downtrodden AAP stockholders.
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Is Advance Auto Parts (NYSE:AAP) an underdog or just a dog? Overall, I am bearish on AAP stock and consider it to be a value trap. This offered some hope to downtrodden AAP stockholders.
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Is Advance Auto Parts (NYSE:AAP) an underdog or just a dog? Overall, I am bearish on AAP stock and consider it to be a value trap. This offered some hope to downtrodden AAP stockholders.
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10575.0
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2023-11-15 00:00:00 UTC
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Advance Auto (AAP) Q3 Earnings Miss Estimates, Sales Beat
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AAP
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https://www.nasdaq.com/articles/advance-auto-aap-q3-earnings-miss-estimates-sales-beat
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nan
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nan
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Advance Auto Parts, Inc. AAP incurred an adjusted loss of 82 cents per share for third-quarter 2023 against adjusted earnings of $1.92 in the year-ago quarter. The reported figure was also in contrast to the Zacks Consensus Estimate of earnings of $1.42 per share. Advance Auto generated net revenues of $2,719 million, which topped the Zacks Consensus Estimate of $2,679 million on higher-than-expected comparable store sales. Comparable store sales increased 1.2%. We projected an increase of 0.2%. The top line increased 2.9% year over year.
Advance Auto reported an operating loss of $43.7 million, down from operating income of $171 million recorded in the corresponding quarter of 2022. SG&A expenses totaled $1,030.4 million for third-quarter 2023, up 2.2% year over year.
Advance Auto had cash and cash equivalents of $317.5 million as of Oct 7, 2023 compared with $269.3 million on Dec 31, 2023. Total long-term debt was $1,785.7 million as of Oct 7, 2023, up from $1,188.3 million on Dec 31, 2022. From January through the third quarter of 2023, net cash provided by operating activities and negative free cash flow totaled $30.4 million and $156.8 million, respectively.
AAP’s board declared a cash dividend of 25 cents per share, which would be paid out on Jan 26, 2024, to all common shareholders of record as of Jan 12, 2024.
As of Oct 7, 2023, AAP operated 4,785 stores and 320 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. It also served 1,307 independently owned Carquest-branded stores across these locations, in addition to Mexico and various Caribbean islands.
Advance Auto now estimates 2023 net sales in the band of $11.25-$11.30 billion compared with the previous guided range of $11.25-$11.35 billion. Comparable store sales are projected within a range of negative 0.5% to 0%. The operating income margin is envisioned in the range of 1.8-2%, down from 4-4.3%, guided earlier.
AAP expects 2023 capex in the range of $200-$250 million. The company projects FCF in the band of $50-$100 million, down from the prior guidance of $150-$250 million. Earnings are forecast between $1.40 per share and $1.80 per share, down from the previous estimate of $4.50-$5.10 per share. AAP now aims to open 55 to 65 new stores this year, up from the prior guidance of 40 to 60 stores.
Advance Auto Parts, Inc. Price, Consensus and EPS Surprise
Advance Auto Parts, Inc. price-consensus-eps-surprise-chart | Advance Auto Parts, Inc. Quote
Zacks Rank & Key Picks
AAP currently carries a Zacks Rank #4 (Sell).
Some top-ranked players in the auto space are Toyota Motor Corporation TM and Volvo VLVLY, each sporting Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for TM’s 2023 sales and earnings implies year-over-year growth of 10.6% and 29.7%, respectively. The EPS estimates for 2023 and 2024 have increased by 46 cents and 26 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for VLVLY’s 2023 sales and earnings indicates year-over-year growth of 4.2% and 65.6%, respectively. The EPS estimate for 2023 has increased by 32 cents in the past seven days. The EPS estimate for 2024 has increased by 11 cents in the past 30 days.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Toyota Motor Corporation (TM) : Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
AB Volvo (VLVLY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As of Oct 7, 2023, AAP operated 4,785 stores and 320 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. Advance Auto Parts, Inc. AAP incurred an adjusted loss of 82 cents per share for third-quarter 2023 against adjusted earnings of $1.92 in the year-ago quarter. AAP’s board declared a cash dividend of 25 cents per share, which would be paid out on Jan 26, 2024, to all common shareholders of record as of Jan 12, 2024.
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Advance Auto Parts, Inc. Price, Consensus and EPS Surprise Advance Auto Parts, Inc. price-consensus-eps-surprise-chart | Advance Auto Parts, Inc. Quote Zacks Rank & Key Picks AAP currently carries a Zacks Rank #4 (Sell). Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report AB Volvo (VLVLY) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP incurred an adjusted loss of 82 cents per share for third-quarter 2023 against adjusted earnings of $1.92 in the year-ago quarter.
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Advance Auto Parts, Inc. Price, Consensus and EPS Surprise Advance Auto Parts, Inc. price-consensus-eps-surprise-chart | Advance Auto Parts, Inc. Quote Zacks Rank & Key Picks AAP currently carries a Zacks Rank #4 (Sell). Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report AB Volvo (VLVLY) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP incurred an adjusted loss of 82 cents per share for third-quarter 2023 against adjusted earnings of $1.92 in the year-ago quarter.
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Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report AB Volvo (VLVLY) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP incurred an adjusted loss of 82 cents per share for third-quarter 2023 against adjusted earnings of $1.92 in the year-ago quarter. AAP’s board declared a cash dividend of 25 cents per share, which would be paid out on Jan 26, 2024, to all common shareholders of record as of Jan 12, 2024.
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10576.0
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2023-11-15 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Chemomab, Arcellx, Generac
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AAP
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-chemomab-arcellx-generac
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: https://refini.tv/3LI4BU7
The Morning News Call newsletter: https://refini.tv/3dKUyB8
U.S. stock indexes were set to extend Tuesday's big rally after cooling producer prices supported views that the Federal Reserve has finished raising interest rates, while Target shares surged following an upbeat holiday-quarter forecast..N
At 9:12 ET, Dow e-minis 1YMc1 were up 0.13% at 34,931. S&P 500 e-minis ESc1 were up 0.21% at 4,520.5, while Nasdaq 100 e-minis NQc1 were up 0.44% at 15,949.5. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Vicarious Surgical , up 24.1% ** Target Corp , up 13.6% ** MYT Netherlands Parent , up 12.7% The top two NYSE percentage losers premarket .PRPL.NQ: ** James Hardie Industries , down 12.7% ** Western Asset Inflation-Linked Income Fund , down 11.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Scisparc , up 70.6%
** Sirius XM Holdings Inc SIRI.O: up 16.8% premarket BUZZ - Gains as Berkshire Hathaway takes stake in firm
** Spirit Airlines Inc SAVE.N: up 2.5% premarket BUZZ - Up after extending revolving credit facility
** Canoo Inc GOEV.O: up 4.8% premarket BUZZ - Rises on narrower loss forecast, spending outlook cut
** Chemomab Therapeutics Ltd CMMB.O: up 54.1% premarket BUZZ - Rises on FDA's 'fast track' tag for liver disorder treatment
** Livent Corp LTHM.N: up 2.1% premarket BUZZ - Gets regulatory approvals for Allkem merger, shares rise
** Advance Auto Parts Inc AAP.N: down 5.0% premarket BUZZ - Falls on dour full-year forecast, quarterly loss
** Arcellx Inc ACLX.O: up 13.8% premarket BUZZ - Gains on expanded cancer treatments pact with Gilead unit
** Madrigal Pharmaceuticals Inc MDGL.O: up 2.1% premarket BUZZ - TD Cowen says Madrigal allays competition fears from GLP-1 drugs
** Catalent Inc CTLT.N: up 5.4% premarket BUZZ - Rises on smaller-than-expected Q1 loss
** Dynatrace Inc DT.N: down 3.4% premarket BUZZ - Down as Thoma Bravo to cut stake
** Generac Holdings Inc GNRC.N: up 2.6% premarket BUZZ - Rises as BofA upgrades to "neutral"
** Goodyear Tire & Rubber Co GT.O: up 8.2% premarket BUZZ - Gains on plans to cut costs
** Target Corp TGT.N: up 13.6% premarket
** Walmart Inc WMT.N: up 0.6% premarket
** Macy's Inc M.N: up 2.5% premarket
** Kohl's Corp KSS.N: up 2.7% premarket BUZZ - Shares surge on upbeat holiday-quarter profit forecast
** Vertiv Holding Co VRT.N: up 1.4% premarket BUZZ - Rises as Bofa lifts PT
** SciSparc Ltd SPRC.O: up 70.6% premarket BUZZ - Jumps on success of mid-stage trial for Alzheimer's therapy
** Chegg Inc CHGG.N: up 4.9% premarket BUZZ - Gains on $150 mln accelerated share repurchase
(Compiled by Rajarshi Roy and Puyaan Singh)
((Rajarshi.Roy@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Vicarious Surgical , up 24.1% ** Target Corp , up 13.6% ** MYT Netherlands Parent , up 12.7% The top two NYSE percentage losers premarket .PRPL.NQ: ** James Hardie Industries , down 12.7% ** Western Asset Inflation-Linked Income Fund , down 11.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Scisparc , up 70.6% ** Sirius XM Holdings Inc SIRI.O: up 16.8% premarket BUZZ - Gains as Berkshire Hathaway takes stake in firm ** Spirit Airlines Inc SAVE.N: up 2.5% premarket BUZZ - Up after extending revolving credit facility ** Canoo Inc GOEV.O: up 4.8% premarket BUZZ - Rises on narrower loss forecast, spending outlook cut ** Chemomab Therapeutics Ltd CMMB.O: up 54.1% premarket BUZZ - Rises on FDA's 'fast track' tag for liver disorder treatment ** Livent Corp LTHM.N: up 2.1% premarket BUZZ - Gets regulatory approvals for Allkem merger, shares rise ** Advance Auto Parts Inc AAP.N: down 5.0% premarket BUZZ - Falls on dour full-year forecast, quarterly loss ** Arcellx Inc ACLX.O: up 13.8% premarket BUZZ - Gains on expanded cancer treatments pact with Gilead unit ** Madrigal Pharmaceuticals Inc MDGL.O: up 2.1% premarket BUZZ - TD Cowen says Madrigal allays competition fears from GLP-1 drugs ** Catalent Inc CTLT.N: up 5.4% premarket BUZZ - Rises on smaller-than-expected Q1 loss ** Dynatrace Inc DT.N: down 3.4% premarket BUZZ - Down as Thoma Bravo to cut stake ** Generac Holdings Inc GNRC.N: up 2.6% premarket BUZZ - Rises as BofA upgrades to "neutral" ** Goodyear Tire & Rubber Co GT.O: up 8.2% premarket BUZZ - Gains on plans to cut costs ** Target Corp TGT.N: up 13.6% premarket ** Walmart Inc WMT.N: up 0.6% premarket ** Macy's Inc M.N: up 2.5% premarket ** Kohl's Corp KSS.N: up 2.7% premarket BUZZ - Shares surge on upbeat holiday-quarter profit forecast ** Vertiv Holding Co VRT.N: up 1.4% premarket BUZZ - Rises as Bofa lifts PT ** SciSparc Ltd SPRC.O: up 70.6% premarket BUZZ - Jumps on success of mid-stage trial for Alzheimer's therapy ** Chegg Inc CHGG.N: up 4.9% premarket BUZZ - Gains on $150 mln accelerated share repurchase (Compiled by Rajarshi Roy and Puyaan Singh) ((Rajarshi.Roy@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes were set to extend Tuesday's big rally after cooling producer prices supported views that the Federal Reserve has finished raising interest rates, while Target shares surged following an upbeat holiday-quarter forecast..N At 9:12 ET, Dow e-minis 1YMc1 were up 0.13% at 34,931. S&P 500 e-minis ESc1 were up 0.21% at 4,520.5, while Nasdaq 100 e-minis NQc1 were up 0.44% at 15,949.5.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Vicarious Surgical , up 24.1% ** Target Corp , up 13.6% ** MYT Netherlands Parent , up 12.7% The top two NYSE percentage losers premarket .PRPL.NQ: ** James Hardie Industries , down 12.7% ** Western Asset Inflation-Linked Income Fund , down 11.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Scisparc , up 70.6% ** Sirius XM Holdings Inc SIRI.O: up 16.8% premarket BUZZ - Gains as Berkshire Hathaway takes stake in firm ** Spirit Airlines Inc SAVE.N: up 2.5% premarket BUZZ - Up after extending revolving credit facility ** Canoo Inc GOEV.O: up 4.8% premarket BUZZ - Rises on narrower loss forecast, spending outlook cut ** Chemomab Therapeutics Ltd CMMB.O: up 54.1% premarket BUZZ - Rises on FDA's 'fast track' tag for liver disorder treatment ** Livent Corp LTHM.N: up 2.1% premarket BUZZ - Gets regulatory approvals for Allkem merger, shares rise ** Advance Auto Parts Inc AAP.N: down 5.0% premarket BUZZ - Falls on dour full-year forecast, quarterly loss ** Arcellx Inc ACLX.O: up 13.8% premarket BUZZ - Gains on expanded cancer treatments pact with Gilead unit ** Madrigal Pharmaceuticals Inc MDGL.O: up 2.1% premarket BUZZ - TD Cowen says Madrigal allays competition fears from GLP-1 drugs ** Catalent Inc CTLT.N: up 5.4% premarket BUZZ - Rises on smaller-than-expected Q1 loss ** Dynatrace Inc DT.N: down 3.4% premarket BUZZ - Down as Thoma Bravo to cut stake ** Generac Holdings Inc GNRC.N: up 2.6% premarket BUZZ - Rises as BofA upgrades to "neutral" ** Goodyear Tire & Rubber Co GT.O: up 8.2% premarket BUZZ - Gains on plans to cut costs ** Target Corp TGT.N: up 13.6% premarket ** Walmart Inc WMT.N: up 0.6% premarket ** Macy's Inc M.N: up 2.5% premarket ** Kohl's Corp KSS.N: up 2.7% premarket BUZZ - Shares surge on upbeat holiday-quarter profit forecast ** Vertiv Holding Co VRT.N: up 1.4% premarket BUZZ - Rises as Bofa lifts PT ** SciSparc Ltd SPRC.O: up 70.6% premarket BUZZ - Jumps on success of mid-stage trial for Alzheimer's therapy ** Chegg Inc CHGG.N: up 4.9% premarket BUZZ - Gains on $150 mln accelerated share repurchase (Compiled by Rajarshi Roy and Puyaan Singh) ((Rajarshi.Roy@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes were set to extend Tuesday's big rally after cooling producer prices supported views that the Federal Reserve has finished raising interest rates, while Target shares surged following an upbeat holiday-quarter forecast..N At 9:12 ET, Dow e-minis 1YMc1 were up 0.13% at 34,931. S&P 500 e-minis ESc1 were up 0.21% at 4,520.5, while Nasdaq 100 e-minis NQc1 were up 0.44% at 15,949.5.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Vicarious Surgical , up 24.1% ** Target Corp , up 13.6% ** MYT Netherlands Parent , up 12.7% The top two NYSE percentage losers premarket .PRPL.NQ: ** James Hardie Industries , down 12.7% ** Western Asset Inflation-Linked Income Fund , down 11.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Scisparc , up 70.6% ** Sirius XM Holdings Inc SIRI.O: up 16.8% premarket BUZZ - Gains as Berkshire Hathaway takes stake in firm ** Spirit Airlines Inc SAVE.N: up 2.5% premarket BUZZ - Up after extending revolving credit facility ** Canoo Inc GOEV.O: up 4.8% premarket BUZZ - Rises on narrower loss forecast, spending outlook cut ** Chemomab Therapeutics Ltd CMMB.O: up 54.1% premarket BUZZ - Rises on FDA's 'fast track' tag for liver disorder treatment ** Livent Corp LTHM.N: up 2.1% premarket BUZZ - Gets regulatory approvals for Allkem merger, shares rise ** Advance Auto Parts Inc AAP.N: down 5.0% premarket BUZZ - Falls on dour full-year forecast, quarterly loss ** Arcellx Inc ACLX.O: up 13.8% premarket BUZZ - Gains on expanded cancer treatments pact with Gilead unit ** Madrigal Pharmaceuticals Inc MDGL.O: up 2.1% premarket BUZZ - TD Cowen says Madrigal allays competition fears from GLP-1 drugs ** Catalent Inc CTLT.N: up 5.4% premarket BUZZ - Rises on smaller-than-expected Q1 loss ** Dynatrace Inc DT.N: down 3.4% premarket BUZZ - Down as Thoma Bravo to cut stake ** Generac Holdings Inc GNRC.N: up 2.6% premarket BUZZ - Rises as BofA upgrades to "neutral" ** Goodyear Tire & Rubber Co GT.O: up 8.2% premarket BUZZ - Gains on plans to cut costs ** Target Corp TGT.N: up 13.6% premarket ** Walmart Inc WMT.N: up 0.6% premarket ** Macy's Inc M.N: up 2.5% premarket ** Kohl's Corp KSS.N: up 2.7% premarket BUZZ - Shares surge on upbeat holiday-quarter profit forecast ** Vertiv Holding Co VRT.N: up 1.4% premarket BUZZ - Rises as Bofa lifts PT ** SciSparc Ltd SPRC.O: up 70.6% premarket BUZZ - Jumps on success of mid-stage trial for Alzheimer's therapy ** Chegg Inc CHGG.N: up 4.9% premarket BUZZ - Gains on $150 mln accelerated share repurchase (Compiled by Rajarshi Roy and Puyaan Singh) ((Rajarshi.Roy@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes were set to extend Tuesday's big rally after cooling producer prices supported views that the Federal Reserve has finished raising interest rates, while Target shares surged following an upbeat holiday-quarter forecast..N At 9:12 ET, Dow e-minis 1YMc1 were up 0.13% at 34,931. S&P 500 e-minis ESc1 were up 0.21% at 4,520.5, while Nasdaq 100 e-minis NQc1 were up 0.44% at 15,949.5.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Vicarious Surgical , up 24.1% ** Target Corp , up 13.6% ** MYT Netherlands Parent , up 12.7% The top two NYSE percentage losers premarket .PRPL.NQ: ** James Hardie Industries , down 12.7% ** Western Asset Inflation-Linked Income Fund , down 11.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Scisparc , up 70.6% ** Sirius XM Holdings Inc SIRI.O: up 16.8% premarket BUZZ - Gains as Berkshire Hathaway takes stake in firm ** Spirit Airlines Inc SAVE.N: up 2.5% premarket BUZZ - Up after extending revolving credit facility ** Canoo Inc GOEV.O: up 4.8% premarket BUZZ - Rises on narrower loss forecast, spending outlook cut ** Chemomab Therapeutics Ltd CMMB.O: up 54.1% premarket BUZZ - Rises on FDA's 'fast track' tag for liver disorder treatment ** Livent Corp LTHM.N: up 2.1% premarket BUZZ - Gets regulatory approvals for Allkem merger, shares rise ** Advance Auto Parts Inc AAP.N: down 5.0% premarket BUZZ - Falls on dour full-year forecast, quarterly loss ** Arcellx Inc ACLX.O: up 13.8% premarket BUZZ - Gains on expanded cancer treatments pact with Gilead unit ** Madrigal Pharmaceuticals Inc MDGL.O: up 2.1% premarket BUZZ - TD Cowen says Madrigal allays competition fears from GLP-1 drugs ** Catalent Inc CTLT.N: up 5.4% premarket BUZZ - Rises on smaller-than-expected Q1 loss ** Dynatrace Inc DT.N: down 3.4% premarket BUZZ - Down as Thoma Bravo to cut stake ** Generac Holdings Inc GNRC.N: up 2.6% premarket BUZZ - Rises as BofA upgrades to "neutral" ** Goodyear Tire & Rubber Co GT.O: up 8.2% premarket BUZZ - Gains on plans to cut costs ** Target Corp TGT.N: up 13.6% premarket ** Walmart Inc WMT.N: up 0.6% premarket ** Macy's Inc M.N: up 2.5% premarket ** Kohl's Corp KSS.N: up 2.7% premarket BUZZ - Shares surge on upbeat holiday-quarter profit forecast ** Vertiv Holding Co VRT.N: up 1.4% premarket BUZZ - Rises as Bofa lifts PT ** SciSparc Ltd SPRC.O: up 70.6% premarket BUZZ - Jumps on success of mid-stage trial for Alzheimer's therapy ** Chegg Inc CHGG.N: up 4.9% premarket BUZZ - Gains on $150 mln accelerated share repurchase (Compiled by Rajarshi Roy and Puyaan Singh) ((Rajarshi.Roy@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes were set to extend Tuesday's big rally after cooling producer prices supported views that the Federal Reserve has finished raising interest rates, while Target shares surged following an upbeat holiday-quarter forecast..N At 9:12 ET, Dow e-minis 1YMc1 were up 0.13% at 34,931. S&P 500 e-minis ESc1 were up 0.21% at 4,520.5, while Nasdaq 100 e-minis NQc1 were up 0.44% at 15,949.5.
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10577.0
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2023-11-15 00:00:00 UTC
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Advance Auto Parts (AAP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q3-earnings%3A-taking-a-look-at-key-metrics-versus-estimates
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nan
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nan
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Advance Auto Parts (AAP) reported $2.72 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 2.9%. EPS of -$0.82 for the same period compares to $2.84 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.68 billion, representing a surprise of +1.48%. The company delivered an EPS surprise of -157.75%, with the consensus EPS estimate being $1.42.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Advance Auto Parts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable store sales - YoY change: 1.2% compared to the 0.4% average estimate based on eight analysts.
Number of stores (Retail) - Total: 5,105 versus the three-analyst average estimate of 5,119.
Number of stores opened: 12 versus the two-analyst average estimate of 10.
Number of stores - AAP: 4,477 compared to the 4,482 average estimate based on two analysts.
Number of stores (BOP): 5,109 compared to the 5,109 average estimate based on two analysts.
Number of stores - WORLDPAC: 320 versus 322 estimated by two analysts on average.
View all Key Company Metrics for Advance Auto Parts here>>>
Shares of Advance Auto Parts have returned +6.8% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) reported $2.72 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 2.9%. Number of stores - AAP: 4,477 compared to the 4,482 average estimate based on two analysts. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Advance Auto Parts (AAP) reported $2.72 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 2.9%. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Number of stores - AAP: 4,477 compared to the 4,482 average estimate based on two analysts.
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Number of stores - AAP: 4,477 compared to the 4,482 average estimate based on two analysts. Advance Auto Parts (AAP) reported $2.72 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 2.9%. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Number of stores - AAP: 4,477 compared to the 4,482 average estimate based on two analysts. Advance Auto Parts (AAP) reported $2.72 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 2.9%. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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10578.0
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2023-11-15 00:00:00 UTC
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Advance Auto Parts Q3 Earnings Summary
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-q3-earnings-summary
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nan
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nan
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(RTTNews) - Below are the earnings highlights for Advance Auto Parts (AAP):
Earnings: -$48.63 million in Q3 vs. $115.88 million in the same period last year. EPS: -$0.82 in Q3 vs. $1.92 in the same period last year. Revenue: $2.72 billion in Q3 vs. $2.64 billion in the same period last year.
-Guidance: Full year EPS guidance: $1.40 - $1.80 Full year revenue guidance: $11,250 -$11,300 Mln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Advance Auto Parts (AAP): Earnings: -$48.63 million in Q3 vs. $115.88 million in the same period last year. EPS: -$0.82 in Q3 vs. $1.92 in the same period last year. -Guidance: Full year EPS guidance: $1.40 - $1.80 Full year revenue guidance: $11,250 -$11,300 Mln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Advance Auto Parts (AAP): Earnings: -$48.63 million in Q3 vs. $115.88 million in the same period last year. Revenue: $2.72 billion in Q3 vs. $2.64 billion in the same period last year. -Guidance: Full year EPS guidance: $1.40 - $1.80 Full year revenue guidance: $11,250 -$11,300 Mln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Advance Auto Parts (AAP): Earnings: -$48.63 million in Q3 vs. $115.88 million in the same period last year. Revenue: $2.72 billion in Q3 vs. $2.64 billion in the same period last year. -Guidance: Full year EPS guidance: $1.40 - $1.80 Full year revenue guidance: $11,250 -$11,300 Mln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Advance Auto Parts (AAP): Earnings: -$48.63 million in Q3 vs. $115.88 million in the same period last year. EPS: -$0.82 in Q3 vs. $1.92 in the same period last year. Revenue: $2.72 billion in Q3 vs. $2.64 billion in the same period last year.
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10579.0
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2023-11-14 00:00:00 UTC
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Notable Tuesday Option Activity: LFST, AAP, CYTK
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AAP
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https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-lfst-aap-cytk
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in LifeStance Health Group Inc (Symbol: LFST), where a total volume of 10,203 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 89.5% of LFST's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $6 strike put option expiring November 17, 2023, with 5,000 contracts trading so far today, representing approximately 500,000 underlying shares of LFST. Below is a chart showing LFST's trailing twelve month trading history, with the $6 strike highlighted in orange:
Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 14,321 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 88.8% of AAP's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $59 strike put option expiring November 17, 2023, with 1,294 contracts trading so far today, representing approximately 129,400 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $59 strike highlighted in orange:
And Cytokinetics Inc (Symbol: CYTK) saw options trading volume of 14,154 contracts, representing approximately 1.4 million underlying shares or approximately 87.3% of CYTK's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $25 strike put option expiring January 19, 2024, with 5,281 contracts trading so far today, representing approximately 528,100 underlying shares of CYTK. Below is a chart showing CYTK's trailing twelve month trading history, with the $25 strike highlighted in orange:
For the various different available expirations for LFST options, AAP options, or CYTK options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Ten Hedge Funds Holding DWM
TNK YTD Return
UFPI Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $59 strike put option expiring November 17, 2023, with 1,294 contracts trading so far today, representing approximately 129,400 underlying shares of AAP. Below is a chart showing LFST's trailing twelve month trading history, with the $6 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 14,321 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 88.8% of AAP's average daily trading volume over the past month, of 1.6 million shares.
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Especially high volume was seen for the $59 strike put option expiring November 17, 2023, with 1,294 contracts trading so far today, representing approximately 129,400 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $59 strike highlighted in orange: And Cytokinetics Inc (Symbol: CYTK) saw options trading volume of 14,154 contracts, representing approximately 1.4 million underlying shares or approximately 87.3% of CYTK's average daily trading volume over the past month, of 1.6 million shares. Below is a chart showing LFST's trailing twelve month trading history, with the $6 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 14,321 contracts thus far today.
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That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 88.8% of AAP's average daily trading volume over the past month, of 1.6 million shares. Below is a chart showing AAP's trailing twelve month trading history, with the $59 strike highlighted in orange: And Cytokinetics Inc (Symbol: CYTK) saw options trading volume of 14,154 contracts, representing approximately 1.4 million underlying shares or approximately 87.3% of CYTK's average daily trading volume over the past month, of 1.6 million shares. Below is a chart showing LFST's trailing twelve month trading history, with the $6 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 14,321 contracts thus far today.
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Especially high volume was seen for the $59 strike put option expiring November 17, 2023, with 1,294 contracts trading so far today, representing approximately 129,400 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $59 strike highlighted in orange: And Cytokinetics Inc (Symbol: CYTK) saw options trading volume of 14,154 contracts, representing approximately 1.4 million underlying shares or approximately 87.3% of CYTK's average daily trading volume over the past month, of 1.6 million shares. Below is a chart showing CYTK's trailing twelve month trading history, with the $25 strike highlighted in orange: For the various different available expirations for LFST options, AAP options, or CYTK options, visit StockOptionsChannel.com.
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10580.0
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2023-11-14 00:00:00 UTC
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AAP Quantitative Stock Analysis - Benjamin Graham
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AAP
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https://www.nasdaq.com/articles/aap-quantitative-stock-analysis-benjamin-graham-1
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nan
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nan
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap value stock in the Auto & Truck Parts industry. The rating using this strategy is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: FAIL
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: FAIL
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of ADVANCE AUTO PARTS, INC.
AAP Guru Analysis
AAP Fundamental Analysis
More Information on Benjamin Graham
Benjamin Graham Portfolio
Top Benjamin Graham Stocks
About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
Additional Research Links
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Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our Value Investor model based on the published strategy of Benjamin Graham. ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap value stock in the Auto & Truck Parts industry.
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Benjamin Graham Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Of the 22 guru strategies we follow, AAP rates highest using our Value Investor model based on the published strategy of Benjamin Graham.
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Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Benjamin Graham Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our Value Investor model based on the published strategy of Benjamin Graham.
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Benjamin Graham Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Of the 22 guru strategies we follow, AAP rates highest using our Value Investor model based on the published strategy of Benjamin Graham.
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10581.0
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2023-11-13 00:00:00 UTC
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After Hours Most Active for Nov 13, 2023 : ATUS, NEM, PLTR, KO, DFS, MTCH, PFE, VGSH, INTC, JD, MNKD, AAPL
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AAP
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https://www.nasdaq.com/articles/after-hours-most-active-for-nov-13-2023-%3A-atus-nem-pltr-ko-dfs-mtch-pfe-vgsh-intc-jd-mnkd
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nan
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The NASDAQ 100 After Hours Indicator is up 4.38 to 15,487.17. The total After hours volume is currently 81,715,108 shares traded.
The following are the most active stocks for the after hours session:
Altice USA, Inc. (ATUS) is unchanged at $2.04, with 9,467,985 shares traded. ATUS's current last sale is 68% of the target price of $3.
Newmont Corporation (NEM) is +0.1031 at $34.30, with 7,476,965 shares traded. As reported by Zacks, the current mean recommendation for NEM is in the "buy range".
Palantir Technologies Inc. (PLTR) is -0.02 at $19.69, with 6,632,056 shares traded. PLTR's current last sale is 123.06% of the target price of $16.
Coca-Cola Company (The) (KO) is -0.06 at $56.87, with 3,024,086 shares traded. As reported by Zacks, the current mean recommendation for KO is in the "buy range".
Discover Financial Services (DFS) is unchanged at $83.81, with 2,976,188 shares traded. DFS's current last sale is 80.59% of the target price of $104.
Match Group, Inc. (MTCH) is +0.04 at $29.16, with 2,836,966 shares traded. As reported by Zacks, the current mean recommendation for MTCH is in the "buy range".
Pfizer, Inc. (PFE) is -0.02 at $28.96, with 2,773,606 shares traded., following a 52-week high recorded in today's regular session.
Vanguard Short-Term Treasury ETF (VGSH) is -0.01 at $57.58, with 2,315,119 shares traded.
Intel Corporation (INTC) is -0.01 at $38.22, with 2,244,423 shares traded. INTC's current last sale is 100.58% of the target price of $38.
JD.com, Inc. (JD) is -0.02 at $25.73, with 1,617,128 shares traded.JD is scheduled to provide an earnings report on 11/15/2023, for the fiscal quarter ending Sep2023. The consensus earnings per share forecast is 0.79 per share, which represents a 73 percent increase over the EPS one Year Ago
MannKind Corporation (MNKD) is unchanged at $3.54, with 1,513,189 shares traded. As reported in the last short interest update the days to cover for MNKD is 21.939048; this calculation is based on the average trading volume of the stock.
Apple Inc. (AAPL) is +0.01 at $184.81, with 1,482,123 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc. (AAPL) is +0.01 at $184.81, with 1,482,123 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Pfizer, Inc. (PFE) is -0.02 at $28.96, with 2,773,606 shares traded., following a 52-week high recorded in today's regular session.
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Apple Inc. (AAPL) is +0.01 at $184.81, with 1,482,123 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The total After hours volume is currently 81,715,108 shares traded.
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Apple Inc. (AAPL) is +0.01 at $184.81, with 1,482,123 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The total After hours volume is currently 81,715,108 shares traded.
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Apple Inc. (AAPL) is +0.01 at $184.81, with 1,482,123 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The following are the most active stocks for the after hours session:
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10582.0
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2023-11-13 00:00:00 UTC
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Why We Aren't Optimistic About Advance Auto (AAP) Q3 Earnings
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AAP
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https://www.nasdaq.com/articles/why-we-arent-optimistic-about-advance-auto-aap-q3-earnings
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nan
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nan
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Advance Auto Parts AAP is slated to release third-quarter 2023 results on Nov 15, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at $1.42 and $2.68 billion, respectively.
For the third quarter, the consensus estimate for AAP’s earnings per share has moved down by 1 cent in the past seven days. The bottom-line estimate implies a deterioration of 50% from the year-ago reported number. The Zacks Consensus Estimate for its quarterly revenues suggests a year-over-year increase of 1.44%.
Over the trailing four quarters, AAP surpassed earnings estimates once and missed on three occasions, the average negative surprise being 21.03%. This is depicted in the graph below.
Advance Auto Parts, Inc. Price and EPS Surprise
Advance Auto Parts, Inc. price-eps-surprise | Advance Auto Parts, Inc. Quote
Q2 Highlights
Advance Auto delivered adjusted earnings of $1.43 per share for second-quarter 2023, down 62% from the year-ago quarter's figure. The reported figure also fell short of the Zacks Consensus Estimate of $1.72 per share. It generated net revenues of $2,686 million, which topped the Zacks Consensus Estimate of $2,671 million on lower-than-expected comps decline. Comparable store sales dropped 0.6%. We projected a decline of 0.7%. The top line increased 0.8% year over year.
Factors to Shape Q3 Results
Intensive expansion efforts have forced Advance Auto Parts to bear the brunt of high selling, general and administrative (SG&A) costs, which are limiting the firm’s margins. During the last reported quarter, SG&A expenses were 37.8% of net sales, up from 36.9% of net sales reported in the year-ago period. The trend of increasing expenses is expected to have continued in the third quarter of 2023 as well, weighing on margins. We anticipate adjusted SG&A costs to inch up 2% year over year. High labor costs are also likely to have played spoilsport.
Moreover, rising investments to develop technology platforms and digital initiatives are set to dent the firm’s margins in the to-be-reported quarter. The company continues to deploy capital to pursue new growth opportunities through investments, partnerships and acquisitions. Amid rising expenses, our projections call for adjusted operating income to decline 50% in the third quarter of 2023.
The trimmed 2023 guidance sparks pessimism for the upcoming results. AAP expects adjusted operating income margin in the range of 4-4.3%, down from the previous guidance of 5-5.3%. It projects free cash flow in the band of $150-$250 million, down from the prior guided range of $200-$300 million. Earnings per share are forecast to be between $4.50 and $5.10, down from the prior estimate of $6-$6.50 per share.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Advance Auto Parts for the quarter to be reported, as it does not have the right combination of the two key ingredients. A combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Earnings ESP: AAP has an Earnings ESP of -1.60%. This is because the Most Accurate Estimate is 2 cents lower than the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: It currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Key Releases From the Same Space
O’Reilly Automotive ORLY reported third-quarter 2023 results on Oct 25. Adjusted earnings per share of $10.72 beat the Zacks Consensus Estimate of $10.36. The bottom line increased from $9.17 in the prior-year quarter. The automotive parts retailer registered quarterly revenues of $4,203.4 million, crossing the Zacks Consensus Estimate of $4,070 million. The top line increased 10.6% year over year. During the quarter, comps grew 8.7%. The company opened 40 new stores in the United States and Mexico. The total store count was 6,111 as of Sep 30, 2023.
ORLY had cash and cash equivalents of $82.6 million at the end of the reported quarter, down from $108.6 million recorded as of 2022-end. Its long-term debt was $5,102.3 million, higher than $4,371.6 million as of Dec 31, 2022.
Lithia Motors LAD reported third-quarter 2023 results on Oct 25. It posted adjusted earnings of $9.25 per share for third-quarter 2023, which declined from the prior-year quarter’s $11.08 and missed the Zacks Consensus Estimate of $9.97 per share. Total revenues jumped 13.5% year over year to $8,277 million, outpacing the Zacks Consensus Estimate of $8,151 million.
Cost of sales jumped 15.5% year over year in third-quarter 2023. SG&A expenses were $850.8 million, up 12.8% from $754.2 million in the year-ago quarter. Adjusted SG&A as a percentage of gross profit was 62.7%. Pretax and net profit margins declined from the year-ago levels. Lithia had cash/cash equivalents/restricted cash of $256.2 million as of Sep 30, 2023, up from $246.7 million as of Dec 31, 2022. Long-term debt was $5,152.8 million as of Sep 30, 2023, up from $5,088.3 million as of Dec 31, 2022.
Group 1 Automotive GPI reported third-quarter 2023 results on Oct 25. It reported third-quarter 2023 adjusted earnings per share of $12.07, which beat the Zacks Consensus Estimate of $11.32. The bottom line also increased from the prior-year quarter’s earnings of $12 per share. The automotive retailer registered net sales of $4,705.1 million, beating the Zacks Consensus Estimate of $4,554 million. Also, the top line rose from the year-ago quarter’s $4,163.4 million.
SG&A expenses were up 10.1% year over year to $496.7 million. Group 1 Automotive had cash and cash equivalents of $52.9 million as of Sep 30, 2023, up from $47.9 million as of 2022-end. Total debt was $2,118.2 million as of Sep 30, 2023, up from $2,082.5 million recorded on Dec 31, 2022.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar
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O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report
Lithia Motors, Inc. (LAD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts AAP is slated to release third-quarter 2023 results on Nov 15, before market open. For the third quarter, the consensus estimate for AAP’s earnings per share has moved down by 1 cent in the past seven days. Over the trailing four quarters, AAP surpassed earnings estimates once and missed on three occasions, the average negative surprise being 21.03%.
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Click to get this free report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Lithia Motors, Inc. (LAD) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts AAP is slated to release third-quarter 2023 results on Nov 15, before market open. For the third quarter, the consensus estimate for AAP’s earnings per share has moved down by 1 cent in the past seven days.
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Click to get this free report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Lithia Motors, Inc. (LAD) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts AAP is slated to release third-quarter 2023 results on Nov 15, before market open. For the third quarter, the consensus estimate for AAP’s earnings per share has moved down by 1 cent in the past seven days.
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Advance Auto Parts AAP is slated to release third-quarter 2023 results on Nov 15, before market open. For the third quarter, the consensus estimate for AAP’s earnings per share has moved down by 1 cent in the past seven days. Over the trailing four quarters, AAP surpassed earnings estimates once and missed on three occasions, the average negative surprise being 21.03%.
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10583.0
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2023-11-10 00:00:00 UTC
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Seeking Clues to Advance Auto Parts (AAP) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
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AAP
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https://www.nasdaq.com/articles/seeking-clues-to-advance-auto-parts-aap-q3-earnings-a-peek-into-wall-street-projections
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In its upcoming report, Advance Auto Parts (AAP) is predicted by Wall Street analysts to post quarterly earnings of $1.42 per share, reflecting a decline of 50% compared to the same period last year. Revenues are forecasted to be $2.68 billion, representing a year-over-year increase of 1.4%.
The consensus EPS estimate for the quarter has been revised 1.3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Advance Auto Parts metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Number of stores (Retail) - Total' will reach 5,119. Compared to the current estimate, the company reported 5,060 in the same quarter of the previous year.
It is projected by analysts that the 'Number of stores opened' will reach 10. The estimate is in contrast to the year-ago figure of 37.
The combined assessment of analysts suggests that 'Number of stores - AAP' will likely reach 4,482. Compared to the current estimate, the company reported 4,417 in the same quarter of the previous year.
Analysts predict that the 'Number of stores (BOP)' will reach 5,109. The estimate compares to the year-ago value of 5,036.
Analysts' assessment points toward 'Number of stores - WORLDPAC' reaching 322. The estimate compares to the year-ago value of 313.
View all Key Company Metrics for Advance Auto Parts here>>>
Shares of Advance Auto Parts have demonstrated returns of +12.4% over the past month compared to the Zacks S&P 500 composite's +1.8% change. With a Zacks Rank #5 (Strong Sell), AAP is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In its upcoming report, Advance Auto Parts (AAP) is predicted by Wall Street analysts to post quarterly earnings of $1.42 per share, reflecting a decline of 50% compared to the same period last year. The combined assessment of analysts suggests that 'Number of stores - AAP' will likely reach 4,482. With a Zacks Rank #5 (Strong Sell), AAP is expected to lag the overall market performance in the near future.
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In its upcoming report, Advance Auto Parts (AAP) is predicted by Wall Street analysts to post quarterly earnings of $1.42 per share, reflecting a decline of 50% compared to the same period last year. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. The combined assessment of analysts suggests that 'Number of stores - AAP' will likely reach 4,482.
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In its upcoming report, Advance Auto Parts (AAP) is predicted by Wall Street analysts to post quarterly earnings of $1.42 per share, reflecting a decline of 50% compared to the same period last year. The combined assessment of analysts suggests that 'Number of stores - AAP' will likely reach 4,482. With a Zacks Rank #5 (Strong Sell), AAP is expected to lag the overall market performance in the near future.
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In its upcoming report, Advance Auto Parts (AAP) is predicted by Wall Street analysts to post quarterly earnings of $1.42 per share, reflecting a decline of 50% compared to the same period last year. The combined assessment of analysts suggests that 'Number of stores - AAP' will likely reach 4,482. With a Zacks Rank #5 (Strong Sell), AAP is expected to lag the overall market performance in the near future.
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10584.0
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2023-11-09 00:00:00 UTC
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Interesting AAP Put And Call Options For December 29th
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AAP
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https://www.nasdaq.com/articles/interesting-aap-put-and-call-options-for-december-29th
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the December 29th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 29th contracts and identified one put and one call contract of particular interest.
The put contract at the $57.00 strike price has a current bid of $4.50. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $57.00, but will also collect the premium, putting the cost basis of the shares at $52.50 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $57.65/share today.
Because the $57.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 7.89% return on the cash commitment, or 57.63% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $57.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $58.00 strike price has a current bid of $5.00. If an investor was to purchase shares of AAP stock at the current price level of $57.65/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $58.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.28% if the stock gets called away at the December 29th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $58.00 strike highlighted in red:
Considering the fact that the $58.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 8.67% boost of extra return to the investor, or 63.31% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $57.65) to be 57%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Top Ten Hedge Funds Holding VOCS
Institutional Holders of VIAV
ACHC Historical Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $58.00 strike highlighted in red: Considering the fact that the $58.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the December 29th expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $58.00 strike highlighted in red: Considering the fact that the $58.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the December 29th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 29th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $58.00 strike highlighted in red: Considering the fact that the $58.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the December 29th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 29th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $58.00 strike highlighted in red: Considering the fact that the $58.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the December 29th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 29th contracts and identified one put and one call contract of particular interest.
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10585.0
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2023-11-09 00:00:00 UTC
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Should You Invest in Advance Auto Parts Stock Right Now?
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AAP
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https://www.nasdaq.com/articles/should-you-invest-in-advance-auto-parts-stock-right-now
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nan
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nan
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Just when you think a stock has had enough punishment, the sellers always seem to find a way to push it down more. At least, that's how Advance Auto Parts' (NYSE: AAP) downtrodden investors must have felt throughout this challenging year.
In hindsight, I should not have recommended Advance Auto Parts stock in June. Perhaps I felt that it had gone down so much that there was nowhere to go but up.
Yet, that's only true if a stock's price reaches zero. Thanks to the horrendous performance of Advance Auto Parts stock, I've learned a valuable lesson about value investing: Rooting for an underdog only makes sense if that dog doesn't keep biting you.
Sometimes, the early sellers are right
At first blush, Advance Auto Parts might appear undervalued or at least very reasonably valued. The stock chart tells a tale of panic selling followed by a steady grind lower:
With every leg down, contrarian investors and Warren Buffett wannabes may have perceived a blood-in-the-streets moment. Investors surely didn't appreciate Advance Auto Parts' quarterly dividend cut from $1.50 per share to $0.25 earlier this year, but the 10-ish trailing price-to-earnings (P/E) ratio (versus the sector median P/E of 15 or 16) was like catnip for risk-tolerant value hunters.
Yet, Advance Auto Parts just kept on dropping, and the company's second-quarter 2023 earnings report didn't do much to assuage investors' concerns. Management provided no evidence that Advance Auto Parts would gain market share against favored rivals like AutoZone and O'Reilly Automotive. Analysts took Advance Auto Parts to the woodshed, and rightly so, as the company disclosed dramatic year-over-year declines and Wall Street estimate misses in EPS and operating income. Making matters worse, Advance Auto Parts slashed its full-year guidance for the company's EPS and operating profit margins.
And then, there was radio silence
There was, however, a glimmer of hope as Advance Auto Parts replaced Tom Greco with Shane O'Kelly in the roles of president and CEO. All was not lost, it seemed, as O'Kelly came to Advance Auto Parts with executive experience at a Home Depot subsidiary.
Shareholders thought that some fresh C-suite blood might give Advance Auto Parts the kick in the pants it desperately needed. Also, Advance Auto Parts revealed that it had "initiated a comprehensive operational and strategic review," and O'Kelly echoed this announcement.
That was back in August. Fast-forward to November and Advance Auto Parts' press releases page has served up a veritable nothing sandwich for update-hungry investors. If you're looking for a sign of progress during the past three months -- just a hint that Advance Auto Parts was making headway on that "strategic review" -- you'll come up empty-handed and disappointed.
One can only hope that O'Kelly and Advance Auto Parts have something really special brewing for the company's third-quarter earnings report and conference call. Surely, after three months of radio silence, investors will hope for the best as Advance Auto Parts' management delivers its quarterly data and remarks on the morning of Nov. 15.
But then, the other half of "hope for the best" is "prepare for the worst." Now is not the ideal time to invest in Advance Auto Parts, simply because the company needs to hit a home run on Nov. 15. Not only are not-as-bad-as-expected third-quarter results a baseline necessity, but investors will undoubtedly be looking to O'Kelly to deliver inspiring commentary and, naturally, a barn burner of a "strategic review."
Nothing less will do, I fear, after so many months of disappointment from Advance Auto Parts. Thus, my previous "nowhere to go but up" hypothesis is now turned on its head; unfortunately, with the company having so much to lose and plenty of ways to fail on Nov. 15, I'm now afraid that Advance Auto Parts may have nowhere to go but down.
10 stocks we like better than Advance Auto Parts
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*Stock Advisor returns as of November 6, 2023
David Moadel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Home Depot. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At least, that's how Advance Auto Parts' (NYSE: AAP) downtrodden investors must have felt throughout this challenging year. Thanks to the horrendous performance of Advance Auto Parts stock, I've learned a valuable lesson about value investing: Rooting for an underdog only makes sense if that dog doesn't keep biting you. The stock chart tells a tale of panic selling followed by a steady grind lower: With every leg down, contrarian investors and Warren Buffett wannabes may have perceived a blood-in-the-streets moment.
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At least, that's how Advance Auto Parts' (NYSE: AAP) downtrodden investors must have felt throughout this challenging year. In hindsight, I should not have recommended Advance Auto Parts stock in June. Investors surely didn't appreciate Advance Auto Parts' quarterly dividend cut from $1.50 per share to $0.25 earlier this year, but the 10-ish trailing price-to-earnings (P/E) ratio (versus the sector median P/E of 15 or 16) was like catnip for risk-tolerant value hunters.
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At least, that's how Advance Auto Parts' (NYSE: AAP) downtrodden investors must have felt throughout this challenging year. In hindsight, I should not have recommended Advance Auto Parts stock in June. 10 stocks we like better than Advance Auto Parts When our analyst team has a stock tip, it can pay to listen.
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At least, that's how Advance Auto Parts' (NYSE: AAP) downtrodden investors must have felt throughout this challenging year. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Advance Auto Parts wasn't one of them! See the 10 stocks *Stock Advisor returns as of November 6, 2023 David Moadel has no position in any of the stocks mentioned.
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10586.0
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2023-11-08 00:00:00 UTC
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Hagerty, Inc. (HGTY) Q3 Earnings and Revenues Beat Estimates
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AAP
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https://www.nasdaq.com/articles/hagerty-inc.-hgty-q3-earnings-and-revenues-beat-estimates
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nan
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Hagerty, Inc. (HGTY) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced earnings of $0.05, delivering a surprise of 25%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Hagerty, Inc., which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $275.57 million for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 2.28%. This compares to year-ago revenues of $216.76 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Hagerty, Inc. Shares have lost about 8.3% since the beginning of the year versus the S&P 500's gain of 14%.
What's Next for Hagerty, Inc.
While Hagerty, Inc. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Hagerty, Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.02 on $239.75 million in revenues for the coming quarter and $0.01 on $988.65 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Wholesale - Parts is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Advance Auto Parts (AAP), is yet to report results for the quarter ended September 2023. The results are expected to be released on November 15.
This auto parts retailer is expected to post quarterly earnings of $1.42 per share in its upcoming report, which represents a year-over-year change of -50%. The consensus EPS estimate for the quarter has been revised 1.3% lower over the last 30 days to the current level.
Advance Auto Parts' revenues are expected to be $2.68 billion, up 1.4% from the year-ago quarter.
5 Stocks Set to Double
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Hagerty, Inc. (HGTY) : Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One other stock from the same industry, Advance Auto Parts (AAP), is yet to report results for the quarter ended September 2023. Click to get this free report Hagerty, Inc. (HGTY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.
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Click to get this free report Hagerty, Inc. (HGTY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. One other stock from the same industry, Advance Auto Parts (AAP), is yet to report results for the quarter ended September 2023. Hagerty, Inc., which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $275.57 million for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 2.28%.
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Click to get this free report Hagerty, Inc. (HGTY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. One other stock from the same industry, Advance Auto Parts (AAP), is yet to report results for the quarter ended September 2023. Hagerty, Inc. (HGTY) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.03 per share.
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One other stock from the same industry, Advance Auto Parts (AAP), is yet to report results for the quarter ended September 2023. Click to get this free report Hagerty, Inc. (HGTY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
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10587.0
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2023-11-06 00:00:00 UTC
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Advance Auto Parts (AAP) Stock Declines While Market Improves: Some Information for Investors
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-stock-declines-while-market-improves%3A-some-information-for
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nan
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nan
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Advance Auto Parts (AAP) ended the recent trading session at $56.66, demonstrating a -0.84% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.18%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw an increase of 0.3%.
Shares of the auto parts retailer witnessed a gain of 9.91% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 5.64% and the S&P 500's gain of 3.08%.
Investors will be eagerly watching for the performance of Advance Auto Parts in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 15, 2023. The company's upcoming EPS is projected at $1.43, signifying a 49.65% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.68 billion, indicating a 1.44% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.66 per share and a revenue of $11.27 billion, indicating changes of -64.26% and +1.03%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Advance Auto Parts. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.46% downward. Right now, Advance Auto Parts possesses a Zacks Rank of #4 (Sell).
Digging into valuation, Advance Auto Parts currently has a Forward P/E ratio of 12.26. Its industry sports an average Forward P/E of 22.28, so one might conclude that Advance Auto Parts is trading at a discount comparatively.
Investors should also note that AAP has a PEG ratio of 1.08 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Automotive - Retail and Wholesale - Parts was holding an average PEG ratio of 1.4 at yesterday's closing price.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) ended the recent trading session at $56.66, demonstrating a -0.84% swing from the preceding day's closing price. Investors should also note that AAP has a PEG ratio of 1.08 right now. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP) ended the recent trading session at $56.66, demonstrating a -0.84% swing from the preceding day's closing price. Investors should also note that AAP has a PEG ratio of 1.08 right now.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP) ended the recent trading session at $56.66, demonstrating a -0.84% swing from the preceding day's closing price. Investors should also note that AAP has a PEG ratio of 1.08 right now.
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Advance Auto Parts (AAP) ended the recent trading session at $56.66, demonstrating a -0.84% swing from the preceding day's closing price. Investors should also note that AAP has a PEG ratio of 1.08 right now. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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10588.0
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2023-10-31 00:00:00 UTC
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Why Advance Auto Parts (AAP) Outpaced the Stock Market Today
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AAP
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https://www.nasdaq.com/articles/why-advance-auto-parts-aap-outpaced-the-stock-market-today
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nan
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nan
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The most recent trading session ended with Advance Auto Parts (AAP) standing at $52.03, reflecting a +1.36% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.65% gain on the day. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.48%.
Coming into today, shares of the auto parts retailer had lost 4.84% in the past month. In that same time, the Retail-Wholesale sector lost 0.65%, while the S&P 500 lost 2.79%.
Market participants will be closely following the financial results of Advance Auto Parts in its upcoming release. The company plans to announce its earnings on November 15, 2023. The company is forecasted to report an EPS of $1.43, showcasing a 49.65% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $2.68 billion, up 1.44% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.66 per share and a revenue of $11.27 billion, signifying shifts of -64.26% and +1.03%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Advance Auto Parts. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.49% fall in the Zacks Consensus EPS estimate. As of now, Advance Auto Parts holds a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Advance Auto Parts is currently trading at a Forward P/E ratio of 11.02. This represents a discount compared to its industry's average Forward P/E of 20.18.
Investors should also note that AAP has a PEG ratio of 0.97 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Automotive - Retail and Wholesale - Parts industry had an average PEG ratio of 1.31.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 182, positioning it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The most recent trading session ended with Advance Auto Parts (AAP) standing at $52.03, reflecting a +1.36% shift from the previouse trading day's closing. Investors should also note that AAP has a PEG ratio of 0.97 right now. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The most recent trading session ended with Advance Auto Parts (AAP) standing at $52.03, reflecting a +1.36% shift from the previouse trading day's closing. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors should also note that AAP has a PEG ratio of 0.97 right now.
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The most recent trading session ended with Advance Auto Parts (AAP) standing at $52.03, reflecting a +1.36% shift from the previouse trading day's closing. Investors should also note that AAP has a PEG ratio of 0.97 right now. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The most recent trading session ended with Advance Auto Parts (AAP) standing at $52.03, reflecting a +1.36% shift from the previouse trading day's closing. Investors should also note that AAP has a PEG ratio of 0.97 right now. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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10589.0
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2023-10-27 00:00:00 UTC
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Morgan Stanley Maintains Advance Auto Parts (AAP) Equal-Weight Recommendation
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AAP
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https://www.nasdaq.com/articles/morgan-stanley-maintains-advance-auto-parts-aap-equal-weight-recommendation-2
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nan
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nan
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Fintel reports that on October 27, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 43.33% Upside
As of October 4, 2023, the average one-year price target for Advance Auto Parts is 73.14. The forecasts range from a low of 50.50 to a high of $102.90. The average price target represents an increase of 43.33% from its latest reported closing price of 51.03.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 2.52%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On August 7, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of October 13, 2023 received the payment on October 27, 2023. Previously, the company paid $0.25 per share.
At the current share price of $51.03 / share, the stock's dividend yield is 1.96%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.87%, the lowest has been 0.13%, and the highest has been 9.15%. The standard deviation of yields is 2.12 (n=236).
The current dividend yield is 0.04 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.17. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 1052 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 218 owner(s) or 17.17% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.09%, a decrease of 42.38%. Total shares owned by institutions decreased in the last three months by 3.00% to 59,836K shares.
The put/call ratio of AAP is 0.73, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 2,050K shares representing 3.45% ownership of the company. In it's prior filing, the firm reported owning 78K shares, representing an increase of 96.18%. The firm increased its portfolio allocation in AAP by 1,308.81% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,843K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 1,833K shares, representing an increase of 0.52%. The firm decreased its portfolio allocation in AAP by 46.38% over the last quarter.
Jpmorgan Chase holds 1,703K shares representing 2.86% ownership of the company. In it's prior filing, the firm reported owning 3,297K shares, representing a decrease of 93.61%. The firm increased its portfolio allocation in AAP by 112.11% over the last quarter.
Invesco holds 1,677K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 800K shares, representing an increase of 52.30%. The firm increased its portfolio allocation in AAP by 1,130.31% over the last quarter.
D. E. Shaw holds 1,662K shares representing 2.79% ownership of the company. In it's prior filing, the firm reported owning 34K shares, representing an increase of 97.97%. The firm increased its portfolio allocation in AAP by 2,610.73% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on October 27, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.09%, a decrease of 42.38%.
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Fintel reports that on October 27, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.09%, a decrease of 42.38%.
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Fintel reports that on October 27, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.09%, a decrease of 42.38%.
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Fintel reports that on October 27, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.09%, a decrease of 42.38%.
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10590.0
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2023-10-26 00:00:00 UTC
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December 8th Options Now Available For Advance Auto Parts (AAP)
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AAP
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https://www.nasdaq.com/articles/december-8th-options-now-available-for-advance-auto-parts-aap
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the December 8th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 8th contracts and identified one put and one call contract of particular interest.
The put contract at the $50.00 strike price has a current bid of $3.90. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $50.00, but will also collect the premium, putting the cost basis of the shares at $46.10 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $50.74/share today.
Because the $50.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 7.80% return on the cash commitment, or 66.15% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $50.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $51.00 strike price has a current bid of $4.50. If an investor was to purchase shares of AAP stock at the current price level of $50.74/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $51.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.38% if the stock gets called away at the December 8th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $51.00 strike highlighted in red:
Considering the fact that the $51.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 8.87% boost of extra return to the investor, or 75.21% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $50.74) to be 56%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
TGNA Dividend History
FEX Average Annual Return
HOG Dividend Growth Rate
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $51.00 strike highlighted in red: Considering the fact that the $51.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the December 8th expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $51.00 strike highlighted in red: Considering the fact that the $51.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the December 8th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 8th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $51.00 strike highlighted in red: Considering the fact that the $51.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the December 8th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 8th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $51.00 strike highlighted in red: Considering the fact that the $51.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the December 8th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 8th contracts and identified one put and one call contract of particular interest.
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10591.0
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2023-10-25 00:00:00 UTC
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O'Reilly Automotive (ORLY) Q3 Earnings and Revenues Surpass Estimates
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AAP
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https://www.nasdaq.com/articles/oreilly-automotive-orly-q3-earnings-and-revenues-surpass-estimates
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nan
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nan
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O'Reilly Automotive (ORLY) came out with quarterly earnings of $10.72 per share, beating the Zacks Consensus Estimate of $10.36 per share. This compares to earnings of $9.17 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 3.47%. A quarter ago, it was expected that this auto parts retailer would post earnings of $10.05 per share when it actually produced earnings of $10.22, delivering a surprise of 1.69%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
O'Reilly Automotive, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $4.2 billion for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 3.29%. This compares to year-ago revenues of $3.8 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
O'Reilly Automotive shares have added about 3.3% since the beginning of the year versus the S&P 500's gain of 10.6%.
What's Next for O'Reilly Automotive?
While O'Reilly Automotive has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for O'Reilly Automotive: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $8.82 on $3.82 billion in revenues for the coming quarter and $37.70 on $15.67 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Wholesale - Parts is currently in the bottom 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Advance Auto Parts (AAP), another stock in the same industry, has yet to report results for the quarter ended September 2023.
This auto parts retailer is expected to post quarterly earnings of $1.43 per share in its upcoming report, which represents a year-over-year change of -49.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Advance Auto Parts' revenues are expected to be $2.68 billion, up 1.4% from the year-ago quarter.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP), another stock in the same industry, has yet to report results for the quarter ended September 2023. Click to get this free report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.
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Click to get this free report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP), another stock in the same industry, has yet to report results for the quarter ended September 2023. O'Reilly Automotive, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $4.2 billion for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 3.29%.
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Click to get this free report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP), another stock in the same industry, has yet to report results for the quarter ended September 2023. O'Reilly Automotive (ORLY) came out with quarterly earnings of $10.72 per share, beating the Zacks Consensus Estimate of $10.36 per share.
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Advance Auto Parts (AAP), another stock in the same industry, has yet to report results for the quarter ended September 2023. Click to get this free report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. O'Reilly Automotive (ORLY) came out with quarterly earnings of $10.72 per share, beating the Zacks Consensus Estimate of $10.36 per share.
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10592.0
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2023-10-24 00:00:00 UTC
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Advance Auto Parts (AAP) Stock Dips While Market Gains: Key Facts
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-stock-dips-while-market-gains%3A-key-facts
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nan
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nan
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Advance Auto Parts (AAP) closed the most recent trading day at $48.25, moving -0.41% from the previous trading session. This move lagged the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.93%.
The auto parts retailer's shares have seen a decrease of 14.88% over the last month, not keeping up with the Retail-Wholesale sector's loss of 3.41% and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Advance Auto Parts in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.43, indicating a 49.65% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.68 billion, up 1.44% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.67 per share and a revenue of $11.27 billion, signifying shifts of -64.19% and +1.03%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Advance Auto Parts. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.6% fall in the Zacks Consensus EPS estimate. As of now, Advance Auto Parts holds a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Advance Auto Parts currently has a Forward P/E ratio of 10.37. This signifies a discount in comparison to the average Forward P/E of 20.59 for its industry.
We can also see that AAP currently has a PEG ratio of 0.91. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Automotive - Retail and Wholesale - Parts industry had an average PEG ratio of 1.31.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) closed the most recent trading day at $48.25, moving -0.41% from the previous trading session. We can also see that AAP currently has a PEG ratio of 0.91. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Advance Auto Parts (AAP) closed the most recent trading day at $48.25, moving -0.41% from the previous trading session. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. We can also see that AAP currently has a PEG ratio of 0.91.
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Advance Auto Parts (AAP) closed the most recent trading day at $48.25, moving -0.41% from the previous trading session. We can also see that AAP currently has a PEG ratio of 0.91. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Advance Auto Parts (AAP) closed the most recent trading day at $48.25, moving -0.41% from the previous trading session. We can also see that AAP currently has a PEG ratio of 0.91. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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10593.0
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2023-10-13 00:00:00 UTC
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Advance Auto Parts (AAP) Increases Despite Market Slip: Here's What You Need to Know
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-increases-despite-market-slip%3A-heres-what-you-need-to-know
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nan
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nan
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Advance Auto Parts (AAP) closed the latest trading day at $50.75, indicating a +1.56% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.5%. Elsewhere, the Dow saw an upswing of 0.12%, while the tech-heavy Nasdaq depreciated by 1.23%.
The auto parts retailer's stock has dropped by 16.19% in the past month, falling short of the Retail-Wholesale sector's loss of 5.07% and the S&P 500's loss of 2.4%.
The upcoming earnings release of Advance Auto Parts will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.43, reflecting a 49.65% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $2.68 billion, up 1.44% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.67 per share and a revenue of $11.27 billion, indicating changes of -64.19% and +1.03%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Advance Auto Parts. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.6% lower within the past month. At present, Advance Auto Parts boasts a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Advance Auto Parts is currently exchanging hands at a Forward P/E ratio of 10.7. This signifies a discount in comparison to the average Forward P/E of 22.74 for its industry.
It's also important to note that AAP currently trades at a PEG ratio of 0.94. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Automotive - Retail and Wholesale - Parts industry held an average PEG ratio of 1.42.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 221, placing it within the bottom 13% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) closed the latest trading day at $50.75, indicating a +1.56% change from the previous session's end. It's also important to note that AAP currently trades at a PEG ratio of 0.94. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Advance Auto Parts (AAP) closed the latest trading day at $50.75, indicating a +1.56% change from the previous session's end. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. It's also important to note that AAP currently trades at a PEG ratio of 0.94.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP) closed the latest trading day at $50.75, indicating a +1.56% change from the previous session's end. It's also important to note that AAP currently trades at a PEG ratio of 0.94.
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Advance Auto Parts (AAP) closed the latest trading day at $50.75, indicating a +1.56% change from the previous session's end. It's also important to note that AAP currently trades at a PEG ratio of 0.94. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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10594.0
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2023-10-13 00:00:00 UTC
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If You Invested $10,000 in Advance Auto Parts in 2018, This Is How Much You Would Have Today
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AAP
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https://www.nasdaq.com/articles/if-you-invested-%2410000-in-advance-auto-parts-in-2018-this-is-how-much-you-would-have-today
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nan
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nan
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We're all trying to find winning investments. However, it doesn't always work out as hoped. At least that's the case with Advance Auto Parts (NYSE: AAP).
If you put $10,000 in the shares of this aftermarket auto parts retailer five years ago in 2018, then you'd be sitting on a current balance of $3,100 (as of Oct. 6). That equals a terrible return of 69%, which meaningfully lags the 49% gain of the S&P 500.
Investors can boost their knowledge and potentially improve their skills going forward by understanding this company's recent past and then applying that knowledge to other businesses. Let's take a closer look.
Disappointing financial performance
One reason for Advance Auto Parts' poor stock performance is its lack of meaningful expansion. Between 2017 and 2022, revenue increased at a compound annual rate of 3.5%. Same-store sales gains, which might be the single most important metric for any retail-based business, have been underwhelming. This clearly shows that growth has been hard to come by.
That's alarming, because industry trends point to there being lots of expansion potential. The average age of a vehicle in the U.S. continues to inch higher each year. This should benefit Advance Auto Parts because that means cars are spending more time outside of their original manufacturer's warranty, requiring the need for aftermarket auto parts for repair or other maintenance. Moreover, the number of these older cars on the road has risen as well, so it's troubling to see how much this company has struggled.
Improving profitability has also been a challenge. The operating margin in the most recent quarter (the second quarter of 2023, ended July 15) came in at 5%, down from 7.6% in the year-ago period. Management expects this number to drop below 4.3% for the full fiscal year, which represents downgraded guidance. This doesn't bode well for the company's earnings power.
Lagging dominant industry peers
With over 5,000 stores located primarily in the U.S., you would think Advance Auto Parts would at least be finding more success, but the way that it has trailed its peers in the industry highlights how much executives have mismanaged the business.
In the last five years, O'Reilly Automotive and AutoZone, which operate basically identical business models as Advance Auto Parts, have seen their share prices soar 165% and 231%, respectively. And it's very easy to see why.
Both companies have increased revenue, same-store sales, and earnings at strong rates. And they generate lots of free cash flow that has been used by management to aggressively repurchase shares. The result is that both businesses are compounding machines, rewarding investors in a way that Advance Auto Parts can only dream of.
It's hard to identify a single factor that has caused this, but my guess would be the lack of adequate parts availability. In this industry, customers prioritize getting their cars fixed as quickly as possible to get back to work or running errands or whatever it may be. If Advance Auto Parts doesn't have the right products in stock, it will continue losing sales to rivals.
Not only that, this business might simply be carrying the wrong type of merchandise. Its cash conversion cycle, which measures how many days it takes a company to turn the cash it spends on inventory into cash collected from sales of products, stands at 78 days. Both O'Reilly and AutoZone, on the other hand, operate with negative cash conversion cycles, meaning they are much better organizations from a cash-management perspective. This might explain Advance Auto Parts' struggles better than anything else.
A value trap?
As of this writing, shares of Advance Auto Parts are trading at a price-to-earnings (P/E) ratio of under 9. Not only is that significantly cheaper than the S&P 500's P/E multiple of 19.4, but it also represents a huge discount to both O'Reilly and AutoZone.
Naturally, investors might be eyeing the stock as a potential value play. The hiring of a new CEO, Shane O'Kelly, might give the business the fresh perspective it needs to get things on the right path toward improvement. The goal should be to close the gap with the thriving industry peers.
But I think Advance Auto Parts looks like a classic value trap right now. Until there's concrete evidence of better financial performance, investors should stay far away from this stock, no matter how cheap the shares look.
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Neil Patel and his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At least that's the case with Advance Auto Parts (NYSE: AAP). In the last five years, O'Reilly Automotive and AutoZone, which operate basically identical business models as Advance Auto Parts, have seen their share prices soar 165% and 231%, respectively. Both O'Reilly and AutoZone, on the other hand, operate with negative cash conversion cycles, meaning they are much better organizations from a cash-management perspective.
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At least that's the case with Advance Auto Parts (NYSE: AAP). Disappointing financial performance One reason for Advance Auto Parts' poor stock performance is its lack of meaningful expansion. In the last five years, O'Reilly Automotive and AutoZone, which operate basically identical business models as Advance Auto Parts, have seen their share prices soar 165% and 231%, respectively.
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At least that's the case with Advance Auto Parts (NYSE: AAP). This should benefit Advance Auto Parts because that means cars are spending more time outside of their original manufacturer's warranty, requiring the need for aftermarket auto parts for repair or other maintenance. Lagging dominant industry peers With over 5,000 stores located primarily in the U.S., you would think Advance Auto Parts would at least be finding more success, but the way that it has trailed its peers in the industry highlights how much executives have mismanaged the business.
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At least that's the case with Advance Auto Parts (NYSE: AAP). If Advance Auto Parts doesn't have the right products in stock, it will continue losing sales to rivals. But I think Advance Auto Parts looks like a classic value trap right now.
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10595.0
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2023-10-12 00:00:00 UTC
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Advance Auto Parts (AAP) Passes Through 2% Yield Mark
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-passes-through-2-yield-mark
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) were yielding above the 2% mark based on its quarterly dividend (annualized to $1), with the stock changing hands as low as $49.46 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. Advance Auto Parts Inc (Symbol: AAP) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Advance Auto Parts Inc, looking at the history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) were yielding above the 2% mark based on its quarterly dividend (annualized to $1), with the stock changing hands as low as $49.46 on the day. Advance Auto Parts Inc (Symbol: AAP) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Advance Auto Parts Inc, looking at the history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) were yielding above the 2% mark based on its quarterly dividend (annualized to $1), with the stock changing hands as low as $49.46 on the day. Advance Auto Parts Inc (Symbol: AAP) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Advance Auto Parts Inc, looking at the history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) were yielding above the 2% mark based on its quarterly dividend (annualized to $1), with the stock changing hands as low as $49.46 on the day. Advance Auto Parts Inc (Symbol: AAP) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Advance Auto Parts Inc, looking at the history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) were yielding above the 2% mark based on its quarterly dividend (annualized to $1), with the stock changing hands as low as $49.46 on the day. Advance Auto Parts Inc (Symbol: AAP) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Advance Auto Parts Inc, looking at the history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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10596.0
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2023-10-12 00:00:00 UTC
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AAP December 1st Options Begin Trading
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AAP
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https://www.nasdaq.com/articles/aap-december-1st-options-begin-trading
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the December 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 1st contracts and identified one put and one call contract of particular interest.
The put contract at the $49.00 strike price has a current bid of $3.60. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $49.00, but will also collect the premium, putting the cost basis of the shares at $45.40 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $49.60/share today.
Because the $49.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 7.35% return on the cash commitment, or 53.59% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $49.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $50.00 strike price has a current bid of $4.00. If an investor was to purchase shares of AAP stock at the current price level of $49.60/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $50.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.87% if the stock gets called away at the December 1st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $50.00 strike highlighted in red:
Considering the fact that the $50.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 8.06% boost of extra return to the investor, or 58.82% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $49.60) to be 56%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Paul Singer Stock Picks
Funds Holding BLDR
Funds Holding ORBK
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $50.00 strike highlighted in red: Considering the fact that the $50.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the December 1st expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $50.00 strike highlighted in red: Considering the fact that the $50.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the December 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 1st contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $50.00 strike highlighted in red: Considering the fact that the $50.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the December 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 1st contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $50.00 strike highlighted in red: Considering the fact that the $50.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the December 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 1st contracts and identified one put and one call contract of particular interest.
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10597.0
|
2023-10-12 00:00:00 UTC
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Is More Trouble Ahead for Advance Auto Parts?
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AAP
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https://www.nasdaq.com/articles/is-more-trouble-ahead-for-advance-auto-parts
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nan
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nan
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It is always a troubling sign when a company cuts its dividend. Sometimes there's a good reason for a dividend cut (like a spin off), other times it is simply an indication of business difficulties that are expected to linger for longer. The second situation is what appears to be the case at Advance Auto Parts (NYSE: AAP) right now.
Here's a quick examination of the events taking shape and how investors should be thinking about the stock today.
Its dividend cut got the ball rolling
In the company's fiscal first quarter, Advance Auto Parts declared a dividend of $1.50 per share. In the fiscal second quarter that dividend was dropped to $0.25, which is slightly more than 80% lower. As far as dividend cuts go, that was a pretty big reduction. Perhaps not surprisingly, it came along with a weak earnings release.
Image source: Getty Images.
Notably, Tom Greco, the auto parts retailer's CEO at the time, noted that "while we anticipated the first quarter would be challenging, our results were below our expectations." Same-store sales were down, gross profit margin declined, and SG&A expenses were higher. Year over year, fiscal first-quarter earnings fell from $2.28 per share to just $0.72. The company drastically reduced its full-year guidance, with the earnings outlook going from a range of $10.20 to $11.20 per share to a much lower band of $6.00 to $6.50 per share. With that backdrop, a dividend cut seems like the prudent course of action.
And then fiscal second-quarter earnings came out. Earnings were stronger, but the future seemed to have gotten worse. On the positive side, the huge earnings drop in the fiscal first quarter was not repeated. The second quarter of fiscal 2022 saw earnings of $2.39 per share. That dropped to $1.44 in fiscal 2023, which is double the earnings of the fiscal first quarter. But that's pretty much where the good news stopped.
The bad news keeps piling up
To start off, in the fiscal second quarter, same-store sales fell again, gross profit margin declined, and SG&A expenses rose. Tom Greco, still the CEO at that point, noted that "profitability in the quarter was below expectations, primarily related to our inability to price to cover inflation." And the company again reduced its full-year earnings guidance, this time to a range of $4.50 to $5.10 per share. That's less than half of what it expected at the start of the fiscal year.
While Greco highlighted that same-store sales had begun to turn positive at the end of the quarter, the board still decided that change was needed. Along with the earnings release, the company announced that it had appointed a new CEO, Shane O'Kelly, and brought in a temporary CFO. And within the earnings release it was announced that the company was undertaking a strategic review.
The company is not making these decisions from a position of strength, and that's a troubling sign. In fact, new CEOs often take a kitchen-sink approach when they come on board. Basically, they try to dump all of the bad news they can into the first couple of quarters so they can blame it on cleaning up after previous management. There's nothing wrong with that -- it makes logical business sense -- but such moves may not play well on Wall Street.
Uncertainty is high and the outlook is poor
While Greco's highlight of a same-store sales improvement is good news, there are still a lot of negatives at Advance Auto Parts. Weak financial results and lowered financial expectations are just the start of the concerns that investors should have.
With a new CEO and a strategic business review, the future is hazy at best right now because there could be drastic changes in store for the company and investors. There's just no way to know where the company will go from here until new CEO O'Kelly gives more guidance on what the future will hold. This is something of a turnaround stock at this point, which makes it most appropriate for aggressive investors.
Any dividend investors who are still in the stock, meanwhile, might want to reconsider their commitment -- if not now, then after the strategic review leads to a strategy update. It seems likely that this retailer won't be the same dividend stock in the future that it was in the past.
10 stocks we like better than Advance Auto Parts
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Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The second situation is what appears to be the case at Advance Auto Parts (NYSE: AAP) right now. The bad news keeps piling up To start off, in the fiscal second quarter, same-store sales fell again, gross profit margin declined, and SG&A expenses rose. Tom Greco, still the CEO at that point, noted that "profitability in the quarter was below expectations, primarily related to our inability to price to cover inflation."
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The second situation is what appears to be the case at Advance Auto Parts (NYSE: AAP) right now. Notably, Tom Greco, the auto parts retailer's CEO at the time, noted that "while we anticipated the first quarter would be challenging, our results were below our expectations." Same-store sales were down, gross profit margin declined, and SG&A expenses were higher.
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The second situation is what appears to be the case at Advance Auto Parts (NYSE: AAP) right now. Its dividend cut got the ball rolling In the company's fiscal first quarter, Advance Auto Parts declared a dividend of $1.50 per share. That dropped to $1.44 in fiscal 2023, which is double the earnings of the fiscal first quarter.
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The second situation is what appears to be the case at Advance Auto Parts (NYSE: AAP) right now. Its dividend cut got the ball rolling In the company's fiscal first quarter, Advance Auto Parts declared a dividend of $1.50 per share. The second quarter of fiscal 2022 saw earnings of $2.39 per share.
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10598.0
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2023-10-11 00:00:00 UTC
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3 Stocks Cut in Half in 2023 That Could Double in 2024
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AAP
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https://www.nasdaq.com/articles/3-stocks-cut-in-half-in-2023-that-could-double-in-2024
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nan
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nan
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The market's had its shares of winners this year. It has also had plenty of losers, but then you get to some of Wall Street's biggest losers. There are 37 stateside-listed stocks with market caps of at least $1 billion that have shed more than 50% of their value this year. Let's go over three that I think can bounce back, doubling in the year ahead.
Saying that Dollar General (NYSE: DG), Advance Auto Parts (NYSE: AAP), and Chegg (NYSE: CHGG) will soar by at least 100% in 2024 is saying a lot, but work the math back to the beginning of this year. Each name has been cut by more than half. Doubling from here by the end of 2024 would place these stocks no better than where they were two years earlier. Let's see why there is an opportunity in these out-of-favor stocks.
Dollar General
Discounters have been discounted in 2023. Dollar General is a giant in the thrift store space with 19,448 locations. With a market cap of $23 billion, it's the largest stock to have shed more than half of its value, down 57% year to date.
The narrative has been largely the same for thrift store chains. Their core customer base is holding back on everything but food and essential household items. Unfortunately for Dollar General, those happen to be the items that pack the lowest markups. Throw in rising labor costs and other operating expenses, and it's been a disaster on the bottom line.
Image source: Getty Images.
Net sales rose 4% to $9.8 billion for Dollar General's latest quarter on flat store-level comps. It's not keeping up with inflation on the top line, and the damage is even worse as we work our way down the income statement, with folks holding back on the higher-margin discretionary items. Dollar General's operating profit would go on to slide 24%, and earnings per share plummeted nearly 29%. It's been more than a year since Dollar General has exceeded analyst profit targets.
The stock's fall has lifted its yield to 2.3%, but that's not going to excite income investors, with leading money market funds paying more than twice that rate. What will turn things around for Dollar General in the year ahead is a shift back to spending on discretionary goods. This is a win-win scenario for Dollar General. If the economy improves, its regulars will start spending on higher-margin merchandise again. If the economy deteriorates, it will find mainstream middle-class shoppers trading down to the Dollar General experience to save money.
Analysts see revenue growth accelerating to 6% next fiscal year with earnings growing even faster. Dollar General is a leader trading for less than 13 times forward earnings in a historically recession-resilient retailing niche. It's time for it to claw its way back.
Advance Auto Parts
Auto parts retail historically shines when the economy is iffy. Drivers keep their cars around longer to avoid making a big-ticket purchase, and that requires investing in auto care to make sure their vehicles age gracefully. Things obviously haven't worked out that way for Advance Auto Parts. The stock is down a blistering 64% in 2023.
It's been a rough summer for the 4,790-store chain. Its CEO and CFO moved on. It posted another "miss and lower" quarter. A credit rating agency downgraded its debt. The stock's slide also resulted in Advance Auto Parts getting bumped from the S&P 500 in August.
The good news is that sales growth remains marginally positive. The stock is now trading for less than 10 times next year's projected earnings. The shift to electric vehicles, which require less maintenance under the hood, isn't ideal, but the devalued stock is a bargain for an all-weather retailing niche. If new leadership can bring Advance Auto Parts more in line with its historically better-performing rivals, the stock could be a big turnaround candidate. It would have to nearly triple to get back to where it was at the start of this year.
Chegg
One of this year's hardest-hit victims of the artificial intelligence (AI) craze is Chegg. The provider of tutoring services saw its stock plunge 48% in a single day, when it warned that Open AI's free ChatGPT service was eating into its new-subscriber growth. Chegg is down a brutal 66% this year.
Can a generative AI chatbot really take out a platform that combines on-demand assistance backed by a network of human instructors? Before you answer, consider that Chegg has been planning for the AI threat for years. You can teach an old educator some new tech tricks, and Chegg hopes that combining AI with its human touch will be a bar-raising moment for supplemental learning services.
The exodus so far is overblown. Revenue has dipped by 2% to 7% in each of last five quarters. Analysts see a return to top- and bottom-line growth next year, and Chegg is trading for less than 8 times next year's earnings. This year's poor pupil can move to the head of the class as an investment next year.
10 stocks we like better than Dollar General
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Dollar General wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 9, 2023
Rick Munarriz has no position in any of the stocks mentioned. The Motley Fool recommends Chegg. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Saying that Dollar General (NYSE: DG), Advance Auto Parts (NYSE: AAP), and Chegg (NYSE: CHGG) will soar by at least 100% in 2024 is saying a lot, but work the math back to the beginning of this year. It's not keeping up with inflation on the top line, and the damage is even worse as we work our way down the income statement, with folks holding back on the higher-margin discretionary items. The shift to electric vehicles, which require less maintenance under the hood, isn't ideal, but the devalued stock is a bargain for an all-weather retailing niche.
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Saying that Dollar General (NYSE: DG), Advance Auto Parts (NYSE: AAP), and Chegg (NYSE: CHGG) will soar by at least 100% in 2024 is saying a lot, but work the math back to the beginning of this year. What will turn things around for Dollar General in the year ahead is a shift back to spending on discretionary goods. Advance Auto Parts Auto parts retail historically shines when the economy is iffy.
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Saying that Dollar General (NYSE: DG), Advance Auto Parts (NYSE: AAP), and Chegg (NYSE: CHGG) will soar by at least 100% in 2024 is saying a lot, but work the math back to the beginning of this year. Analysts see a return to top- and bottom-line growth next year, and Chegg is trading for less than 8 times next year's earnings. 10 stocks we like better than Dollar General When our analyst team has a stock tip, it can pay to listen.
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Saying that Dollar General (NYSE: DG), Advance Auto Parts (NYSE: AAP), and Chegg (NYSE: CHGG) will soar by at least 100% in 2024 is saying a lot, but work the math back to the beginning of this year. What will turn things around for Dollar General in the year ahead is a shift back to spending on discretionary goods. This is a win-win scenario for Dollar General.
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10599.0
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2023-10-10 00:00:00 UTC
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Why JetBlue Airways Stock (NASDAQ:JBLU) Shouldn’t Stay Grounded Much Longer
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AAP
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https://www.nasdaq.com/articles/why-jetblue-airways-stock-nasdaq%3Ajblu-shouldnt-stay-grounded-much-longer
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nan
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nan
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Everything but the kitchen sink has been thrown at JetBlue Airways (NASDAQ:JBLU) in 2023. Yet, JetBlue stock shouldn't stay grounded for too long, as the situation isn't as dire as the perma-bears think it is. All in all, I am bullish on JBLU stock as an audacious investment for risk-tolerant traders.
JetBlue Airways is a well-known airline carrier that travels to multiple continents. The company actually has a pretty good recent track record of EPS beats and even managed to post a profit in this year's second quarter.
However, JetBlue and other airlines have faced difficulties that could not have been anticipated and which could create ongoing issues. On the other hand, the market seems to have acknowledged JetBlue's obstacles and priced them into the stock already. Hence, there should come a time in the near future when JBLU stock recovers and, hopefully, the world returns to a more peaceful state.
JetBlue Airways: More Problems Than You Can Shake a Stick At
JetBlue and other airlines have had so many problems that it's hard to even list them all. However, Citigroup (NYSE:C) analysts did a pretty good job of citing JetBlue's issues in 2023.
Specifically, the Citigroup analysts stated that the resilience of U.S. discount airline demand, higher interest rates, broader uncertainty on the U.S. economic outlook, continued oil price volatility, and aerospace supply chain issues "seem to create a challenging scenario" for JetBlue and some of the company's peers. I'd say that these issues don't just "seem to" create problems - they definitely pose obstacles for JetBlue and other carriers to overcome.
To all of that, we could add JetBlue's challenges pertaining to its plans to acquire Spirit Airlines (NYSE:SAVE). This could pay off in the long run, but such an acquisition will undoubtedly be costly in the immediate term.
In case that's not enough, JetBlue also recently announced its pessimistic guidance for the company's third-quarter bookings and lowered its revenue expectations. Plus, as you are surely aware by now, geopolitical conflict in the Middle East has forced airlines to cancel certain flights and has had an inflationary impact on fuel costs. Given all of these issues, could the situation be any worse for JetBlue and its stakeholders?
After the Kitchen Sink Comes a (Possible) Relief Rally
If I could compare JetBlue to another company now, it would be Advance Auto Parts (NYSE:AAP). The market has thrown not only the kitchen sink but the entire kitchen at Advance Auto Parts. Everything that could possibly go wrong already has. That's why there's so much pessimism surrounding AAP stock now.
The same thing could be said about JetBlue and about JBLU stock. Remember, there can't be a rainbow unless it rains first. Besides, it's not as if the market is unaware of the problems that the Citigroup analysts cited. All of these issues, along with JetBlue's gloomy revenue forecast, have undoubtedly been factored into the share price by now.
In fact, the pessimism surrounding JetBlue is so entrenched that after JetBlue announced its downbeat revenue outlook, JBLU stock actually went up. It seems that JetBlue's guidance, as dreary as it was, wasn't as bad as investors had already assumed it would be.
That's what I would call "sellers' exhaustion." JetBlue stock is so beaten down that the short-sellers can't even push the stock down after a negative news report. At this point, I suggest that it would only take one piece of positive news - conflict resolution in the Middle East, for example - to send the short-sellers running for the exits.
Is JBLU Stock a Buy, According to Analysts?
On TipRanks, JBLU comes in as a Hold based on one Buy, five Holds, and one Sell rating assigned by analysts in the past three months. The average JetBlue Airways stock price target is $6.04, implying 31.2% upside potential.
Conclusion: Should You Consider JBLU Stock?
It's easy to find excuses to sell JetBlue Airways stock now. What's not so easy is seeing the bottoming process when it's happening and pouncing on the opportunity before it disappears.
My greatest hope, of course, is that there is peace in the world, which would also have the secondary effect of reducing fuel costs and allowing JetBlue Airways to conduct its business throughout the Middle East. So, if you don't mind accepting some risk and volatility in the near term, I invite you to hop on board and consider JBLU stock.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After the Kitchen Sink Comes a (Possible) Relief Rally If I could compare JetBlue to another company now, it would be Advance Auto Parts (NYSE:AAP). That's why there's so much pessimism surrounding AAP stock now. Specifically, the Citigroup analysts stated that the resilience of U.S. discount airline demand, higher interest rates, broader uncertainty on the U.S. economic outlook, continued oil price volatility, and aerospace supply chain issues "seem to create a challenging scenario" for JetBlue and some of the company's peers.
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After the Kitchen Sink Comes a (Possible) Relief Rally If I could compare JetBlue to another company now, it would be Advance Auto Parts (NYSE:AAP). That's why there's so much pessimism surrounding AAP stock now. Everything but the kitchen sink has been thrown at JetBlue Airways (NASDAQ:JBLU) in 2023.
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After the Kitchen Sink Comes a (Possible) Relief Rally If I could compare JetBlue to another company now, it would be Advance Auto Parts (NYSE:AAP). That's why there's so much pessimism surrounding AAP stock now. JetBlue Airways: More Problems Than You Can Shake a Stick At JetBlue and other airlines have had so many problems that it's hard to even list them all.
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After the Kitchen Sink Comes a (Possible) Relief Rally If I could compare JetBlue to another company now, it would be Advance Auto Parts (NYSE:AAP). That's why there's so much pessimism surrounding AAP stock now. Everything but the kitchen sink has been thrown at JetBlue Airways (NASDAQ:JBLU) in 2023.
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