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709900.0 | 2018-05-23 00:00:00 UTC | Daily Dividend Report: BGS, DCI, OMC, FL, MAA | DCI | https://www.nasdaq.com/articles/daily-dividend-report-bgs-dci-omc-fl-maa-2018-05-23 | nan | nan | B&G Foods announced today that its Board of Directors has increased the Company's quarterly cash dividend rate by 2.2% from $0.465 per share of common stock to $0.475 per share of common stock. On an annualized basis, the dividend increases from $1.86 per share to $1.90 per share. The quarterly dividend declared today is payable on July 30, 2018 to shareholders of record as of June 29, 2018. At the closing market price of the common stock on May 22, 2018, the new dividend rate represents an annualized yield of 7.2%. This is the 55th consecutive quarterly dividend declared by the Board of Directors since B&G Foods' initial public offering in October 2004.
Donaldson today announced that its Board of Directors declared a regular cash dividend of 19.0 cents per share, an increase of 5.6 percent from the prior quarterly cash dividend of 18.0 cents per share. The dividend is payable June 28, 2018, to shareholders of record on June 11, 2018. The Company has paid a cash dividend every quarter for 62 years and increased the dividend annually for more than 20 years.
The Board of Directors of Omnicom Group declared a quarterly dividend of 60 cents per outstanding share of the corporation's common stock. The dividend is payable on July 12, 2018 to Omnicom Group common shareholders of record at the close of business on June 14, 2018.
Foot Locker, the New York-based specialty athletic retailer, announced today that its Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.345 per share, which will be payable on August 3, 2018 to shareholders of record on July 20, 2018.
MAA today announced that its board of directors approved a quarterly dividend payment of $0.9225 per share of common stock to be paid on July 31, 2018 to shareholders of record on July 13, 2018. This will be the 98th consecutive quarter MAA has paid a cash dividend on its shares of common stock. The cash dividend has never been reduced or suspended over this time frame. As established in prior quarters, the board of directors declared the quarterly common dividend in advance of MAA's earnings announcement that is expected to be made on August 1, 2018.
VIDEO: Daily Dividend Report: BGS, DCI, OMC, FL, MAA
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. | VIDEO: Daily Dividend Report: BGS, DCI, OMC, FL, MAA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. This is the 55th consecutive quarterly dividend declared by the Board of Directors since B&G Foods' initial public offering in October 2004. The Board of Directors of Omnicom Group declared a quarterly dividend of 60 cents per outstanding share of the corporation's common stock. | VIDEO: Daily Dividend Report: BGS, DCI, OMC, FL, MAA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. B&G Foods announced today that its Board of Directors has increased the Company's quarterly cash dividend rate by 2.2% from $0.465 per share of common stock to $0.475 per share of common stock. Foot Locker, the New York-based specialty athletic retailer, announced today that its Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.345 per share, which will be payable on August 3, 2018 to shareholders of record on July 20, 2018. | VIDEO: Daily Dividend Report: BGS, DCI, OMC, FL, MAA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. B&G Foods announced today that its Board of Directors has increased the Company's quarterly cash dividend rate by 2.2% from $0.465 per share of common stock to $0.475 per share of common stock. Donaldson today announced that its Board of Directors declared a regular cash dividend of 19.0 cents per share, an increase of 5.6 percent from the prior quarterly cash dividend of 18.0 cents per share. | VIDEO: Daily Dividend Report: BGS, DCI, OMC, FL, MAA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. B&G Foods announced today that its Board of Directors has increased the Company's quarterly cash dividend rate by 2.2% from $0.465 per share of common stock to $0.475 per share of common stock. Foot Locker, the New York-based specialty athletic retailer, announced today that its Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.345 per share, which will be payable on August 3, 2018 to shareholders of record on July 20, 2018. | 50496d4f-4d59-41d8-a8df-bdbc313d1de6 |
709901.0 | 2018-05-10 00:00:00 UTC | Donaldson Breaks Above 200-Day Moving Average - Bullish for DCI | DCI | https://www.nasdaq.com/articles/donaldson-breaks-above-200-day-moving-average-bullish-dci-2018-05-10 | nan | nan | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $47.01, changing hands as high as $47.29 per share. Donaldson Co. Inc. shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of DCI shares, versus its 200 day moving average:
Looking at the chart above, DCI's low point in its 52 week range is $42.59 per share, with $52.20 as the 52 week high point - that compares with a last trade of $47.27.
According to the ETF Finder at ETF Channel, DCI makes up 4.03% of the Environmental Services ETF (Symbol: EVX) which is trading up by about 0.3% on the day Thursday.
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. | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $47.01, changing hands as high as $47.29 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $42.59 per share, with $52.20 as the 52 week high point - that compares with a last trade of $47.27. According to the ETF Finder at ETF Channel, DCI makes up 4.03% of the Environmental Services ETF (Symbol: EVX) which is trading up by about 0.3% on the day Thursday. | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $47.01, changing hands as high as $47.29 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $42.59 per share, with $52.20 as the 52 week high point - that compares with a last trade of $47.27. According to the ETF Finder at ETF Channel, DCI makes up 4.03% of the Environmental Services ETF (Symbol: EVX) which is trading up by about 0.3% on the day Thursday. | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $47.01, changing hands as high as $47.29 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $42.59 per share, with $52.20 as the 52 week high point - that compares with a last trade of $47.27. According to the ETF Finder at ETF Channel, DCI makes up 4.03% of the Environmental Services ETF (Symbol: EVX) which is trading up by about 0.3% on the day Thursday. | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $47.01, changing hands as high as $47.29 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $42.59 per share, with $52.20 as the 52 week high point - that compares with a last trade of $47.27. According to the ETF Finder at ETF Channel, DCI makes up 4.03% of the Environmental Services ETF (Symbol: EVX) which is trading up by about 0.3% on the day Thursday. | eb9bbac8-c6df-453e-9268-0ed781dd54b3 |
709902.0 | 2018-04-29 00:00:00 UTC | Validea's Top Five Consumer Cyclical Stocks Based On Benjamin Graham - 4/29/2018 | DCI | https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-benjamin-graham-4292018-2018-04-29 | nan | nan | The following are the top rated Consumer Cyclical stocks according to Validea's 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.
COOPER TIRE & RUBBER CO ( CTB ) is a small-cap value stock in the Tires industry. The rating according to our strategy based on Benjamin Graham is 86% 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.
Company Description: Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia. The North America segment comprises its operations in the United States and Canada. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. The Latin America segment comprises its operations in Mexico, Central America, and South America. The European segment has operations in the United Kingdom and the Republic of Serbia. Its the United Kingdom entity manufactures and markets passenger car, light truck, motorcycle and racing tires and tire retread material. As of December 31, 2016, the Company operated nine manufacturing facilities and 20 distribution centers in 10 countries.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ACUITY BRANDS, INC. ( AYI ) is a mid-cap growth stock in the Furniture & Fixtures industry. The rating according to our strategy based on Benjamin Graham 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.
Company Description: Acuity Brands, Inc. is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications. The portfolio of lighting solutions include lighting products utilizing fluorescent, light emitting diode (LED), organic LED ( OLED ), high intensity discharge, metal halide, and incandescent light sources to illuminate a number of applications. The solutions portfolio of the Company also includes modular wiring, LED drivers, sensors, glass and inverters sold primarily to original equipment manufacturers (OEMs). Its lighting and building management solutions are marketed under various brand names, including Lithonia Lighting and Holophane.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
COLUMBIA SPORTSWEAR COMPANY ( COLM ) is a mid-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Benjamin Graham 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.
Company Description: Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada. The Company develops and manages its merchandise in categories, including apparel, accessories and equipment, and footwear. It distributes its products through a mix of wholesale distribution channels, its own direct-to-consumer channels (retail stores and e-commerce), independent distributors and licensees. As of December 31, 2016, its products were sold in approximately 90 countries. In 59 of those countries, it sells to independent distributors to whom it has granted distribution rights. Contract manufacturers located outside the United States manufacture all of its products.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Benjamin Graham 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.
Company Description: Donaldson Company, Inc. is a manufacturer of filtration systems and replacement parts. The Company's segments include Engine Products, Industrial Products and Corporate. The Company's products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands. The Engine Products segment sells its products to original equipment manufacturers (OEMs) in the construction, mining, agriculture, aerospace, defense and truck end-markets and to independent distributors, OEM dealer networks, private label accounts and large equipment fleets. The Industrial Products segment sells to various industrial dealers, distributors, OEMs of gas-fired turbines and OEMs and end users requiring clean air. Its products include dust, fume and mist collectors, compressed air purification systems, air filtration systems for gas turbines and polytetrafluoroethylene (PTFE) membrane-based products.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DAIMLER AG (DDAIF) is a large-cap value stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on Benjamin Graham 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.
Company Description: Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. The Mercedes-Benz Cars segment includes vehicles of the Mercedes-Benz brand, including the brands, Mercedes-AMG and Mercedes-Maybach, as well as the Mercedes me brand. The Daimler Trucks segment develops and produces vehicles under the brands, including Mercedes-Benz, Freightliner, Western Star, FUSO and BharatBenz. The Mercedes-Benz Vans segment is a supplier of a range of vans and associated services. The Daimler Buses segment sells completely built-up buses under brand names, including MercedesBenz and Setra. The Daimler Financial Services segment supports the sales of its automotive brands in approximately 40 countries around the world.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Benjamin Graham has returned 528.78% vs. 166.88% for the S&P 500. For more details on this strategy, click here
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.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. 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. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. The Company's segments include Engine Products, Industrial Products and Corporate. | 8c0c91a7-18ad-4f9d-9419-4bac3678ea27 |
709903.0 | 2018-03-25 00:00:00 UTC | Validea's Top Five Consumer Cyclical Stocks Based On Benjamin Graham - 3/25/2018 | DCI | https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-benjamin-graham-3252018-2018-03-25 | nan | nan | The following are the top rated Consumer Cyclical stocks according to Validea's 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.
COOPER TIRE & RUBBER CO ( CTB ) is a small-cap value stock in the Tires industry. The rating according to our strategy based on Benjamin Graham is 86% 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.
Company Description: Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia. The North America segment comprises its operations in the United States and Canada. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. The Latin America segment comprises its operations in Mexico, Central America, and South America. The European segment has operations in the United Kingdom and the Republic of Serbia. Its the United Kingdom entity manufactures and markets passenger car, light truck, motorcycle and racing tires and tire retread material. As of December 31, 2016, the Company operated nine manufacturing facilities and 20 distribution centers in 10 countries.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ACUITY BRANDS, INC. ( AYI ) is a mid-cap growth stock in the Furniture & Fixtures industry. The rating according to our strategy based on Benjamin Graham 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.
Company Description: Acuity Brands, Inc. is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications. The portfolio of lighting solutions include lighting products utilizing fluorescent, light emitting diode (LED), organic LED ( OLED ), high intensity discharge, metal halide, and incandescent light sources to illuminate a number of applications. The solutions portfolio of the Company also includes modular wiring, LED drivers, sensors, glass and inverters sold primarily to original equipment manufacturers (OEMs). Its lighting and building management solutions are marketed under various brand names, including Lithonia Lighting and Holophane.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
COLUMBIA SPORTSWEAR COMPANY ( COLM ) is a mid-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Benjamin Graham 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.
Company Description: Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada. The Company develops and manages its merchandise in categories, including apparel, accessories and equipment, and footwear. It distributes its products through a mix of wholesale distribution channels, its own direct-to-consumer channels (retail stores and e-commerce), independent distributors and licensees. As of December 31, 2016, its products were sold in approximately 90 countries. In 59 of those countries, it sells to independent distributors to whom it has granted distribution rights. Contract manufacturers located outside the United States manufacture all of its products.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Benjamin Graham 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.
Company Description: Donaldson Company, Inc. is a manufacturer of filtration systems and replacement parts. The Company's segments include Engine Products, Industrial Products and Corporate. The Company's products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands. The Engine Products segment sells its products to original equipment manufacturers (OEMs) in the construction, mining, agriculture, aerospace, defense and truck end-markets and to independent distributors, OEM dealer networks, private label accounts and large equipment fleets. The Industrial Products segment sells to various industrial dealers, distributors, OEMs of gas-fired turbines and OEMs and end users requiring clean air. Its products include dust, fume and mist collectors, compressed air purification systems, air filtration systems for gas turbines and polytetrafluoroethylene (PTFE) membrane-based products.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DAIMLER AG (DDAIF) is a large-cap value stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on Benjamin Graham 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.
Company Description: Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. The Mercedes-Benz Cars segment includes vehicles of the Mercedes-Benz brand, including the brands, Mercedes-AMG and Mercedes-Maybach, as well as the Mercedes me brand. The Daimler Trucks segment develops and produces vehicles under the brands, including Mercedes-Benz, Freightliner, Western Star, FUSO and BharatBenz. The Mercedes-Benz Vans segment is a supplier of a range of vans and associated services. The Daimler Buses segment sells completely built-up buses under brand names, including MercedesBenz and Setra. The Daimler Financial Services segment supports the sales of its automotive brands in approximately 40 countries around the world.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Benjamin Graham has returned 486.98% vs. 158.72% for the S&P 500. For more details on this strategy, click here
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.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. 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. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. The Company's segments include Engine Products, Industrial Products and Corporate. | d5f7afa3-b250-440f-930a-db3382b49577 |
709904.0 | 2018-03-17 00:00:00 UTC | 3 Takeaways from Ciena's Strong Earnings Report | DCI | https://www.nasdaq.com/articles/3-takeaways-cienas-strong-earnings-report-2018-03-17 | nan | nan | Riding the wave of exploding bandwidth needs, Ciena (NYSE: CIEN) continues to outperform its industry peers. The company -- a provider of optical and packet networking systems -- recently reported earnings from its first fiscal quarter of 2018, which showed continued market share gains and profitable growth amid challenging industry conditions .
Revenue grew 4% year over year, though adjusted gross margin and adjusted operating margins contracted by 230 and 220 basis points, respectively. While Ciena's stock surged after the earnings report, it still trades at a very reasonable forward P/E multiple of 14.8.
Here are the secrets behind Ciena's current success, and what to watch going forward.
1. It's winning internationally
One of the main reasons behind the lower gross margin was the high number of new customer wins in international markets. According to management, these types of contracts carry lower gross margins than existing contracts in the U.S. The main drivers of international growth were continued strength in India, along with new customer wins in Japan, a country previously inaccessible to U.S. vendors.
In India, the company continued building on its leading position. India is one of the highest-growth countries in the world, and Ciena counts all three major telecommunications providers, several regional service providers, and the Indian government as customers.
Ciena's Japan business is relatively new, as the country had previously opted to use local vendors exclusively; however, now that the global industry is consolidating, Japan has chosen Ciena as an international partner to help it build out next-gen networks. Management claimed that the change has occurred over the last 18 months, which have been tumultuous for many industry players, and Ciena now counts all the major service providers in Japan as customers.
Overall, the Asia-Pacific segment grew 25%, greatly outpacing the rest of the company's 4% growth, and made up 17% of the quarter's revenue, showing the benefits of geographic diversification amid a slowdown in U.S. telco spending.
2. It has integrated offerings
How is Ciena doing so well relative to competitors? The answer is diversification, both geographically and technologically. While the company's bread and butter is in optical systems, Ciena also makes equipment for packet networking, and ties the whole package with an integrated suite of software products. When asked about Ciena's advantages over other more specialized vendors, CEO Gary Smith said:
CFO Jim Moylan added, "we're the only viable 400G player out there right now" (400G is the next major industry speed upgrade over the prior 200G generation equipment being deployed today).
Those are big words, as Ciena is not the only player making 400G equipment overall . Specifically, smaller rival Acacia Communications (NASDAQ: ACIA) is thought to have a leading 400G chip, but Acacia is more of an integrated circuit supplier to systems manufacturers, not a comprehensive system manufacturer like Ciena.
3. It's riding the cloud
Finally, while U.S.-based telecommunications firms have been cutting back on spending due to various ongoing mergers , cloud computing vendors also are buyers of Ciena's equipment. In fact, the company's data center interconnect (DCI) division, which serves these cloud customers, has been growing rapidly, and now makes up 15% of the total company revenue.
The success in DCI has come along with the early 2017 introduction of Waveserver Ai, which allows data center operators to easily scale up or scale down their system's capacity, optimizing the cloud data center for both bandwidth as well as electricity needs. The Waveserver is designed to plug right into a data center rack, making it easy for cloud operators to deploy.
Cloud companies are also in the process of laying their own undersea cables , and Ciena has also seized that opportunity, winning jobs for two cables just in January, one crossing the Pacific, and another crossing the Atlantic.
Best house on a bad block
While many optical transport stocks have struggled, Ciena continues to outdo the competition due to its geographic and product diversity. Should other players fall by the wayside, even brighter days may be ahead.
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Billy Duberstein has no position in any of the stocks mentioned. His clients may have positions in some 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In fact, the company's data center interconnect (DCI) division, which serves these cloud customers, has been growing rapidly, and now makes up 15% of the total company revenue. The success in DCI has come along with the early 2017 introduction of Waveserver Ai, which allows data center operators to easily scale up or scale down their system's capacity, optimizing the cloud data center for both bandwidth as well as electricity needs. The company -- a provider of optical and packet networking systems -- recently reported earnings from its first fiscal quarter of 2018, which showed continued market share gains and profitable growth amid challenging industry conditions . | In fact, the company's data center interconnect (DCI) division, which serves these cloud customers, has been growing rapidly, and now makes up 15% of the total company revenue. The success in DCI has come along with the early 2017 introduction of Waveserver Ai, which allows data center operators to easily scale up or scale down their system's capacity, optimizing the cloud data center for both bandwidth as well as electricity needs. Revenue grew 4% year over year, though adjusted gross margin and adjusted operating margins contracted by 230 and 220 basis points, respectively. | In fact, the company's data center interconnect (DCI) division, which serves these cloud customers, has been growing rapidly, and now makes up 15% of the total company revenue. The success in DCI has come along with the early 2017 introduction of Waveserver Ai, which allows data center operators to easily scale up or scale down their system's capacity, optimizing the cloud data center for both bandwidth as well as electricity needs. Ciena's Japan business is relatively new, as the country had previously opted to use local vendors exclusively; however, now that the global industry is consolidating, Japan has chosen Ciena as an international partner to help it build out next-gen networks. | In fact, the company's data center interconnect (DCI) division, which serves these cloud customers, has been growing rapidly, and now makes up 15% of the total company revenue. The success in DCI has come along with the early 2017 introduction of Waveserver Ai, which allows data center operators to easily scale up or scale down their system's capacity, optimizing the cloud data center for both bandwidth as well as electricity needs. In India, the company continued building on its leading position. | 54332d8f-f26f-4fa6-851a-aac47a86aa2a |
709905.0 | 2018-03-08 00:00:00 UTC | 5 Dividend Aristocrats Where Analysts See Capital Gains | DCI | https://www.nasdaq.com/articles/5-dividend-aristocrats-where-analysts-see-capital-gains-2018-03-08 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention - and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period - so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
Another consideration with dividend growth stocks is just how much the dividend is growing . We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
These five stocks are part of our full Dividend Aristocrats List . The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com .
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Dividend Growth Stocks: 25 Aristocrats »
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. | With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential: Another consideration with dividend growth stocks is just how much the dividend is growing . Get the latest Zacks research report on CDK - FREE Get the latest Zacks research report on RPM - FREE Dividend Growth Stocks: 25 Aristocrats » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented. The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period - so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Get the latest Zacks research report on CDK - FREE Get the latest Zacks research report on RPM - FREE Dividend Growth Stocks: 25 Aristocrats » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period - so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential: Another consideration with dividend growth stocks is just how much the dividend is growing . | But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented. Get the latest Zacks research report on CDK - FREE Get the latest Zacks research report on RPM - FREE Dividend Growth Stocks: 25 Aristocrats » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | dfb246f0-43bc-45f8-b180-b3944d4a8ddf |
709906.0 | 2018-03-08 00:00:00 UTC | Analysts Forecast 12% Upside For EQAL | DCI | https://www.nasdaq.com/articles/analysts-forecast-12-upside-eqal-2018-03-08 | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the PowerShares Russell 1000 Equal Weight Portfolio ETF (Symbol: EQAL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $34.87 per unit.
With EQAL trading at a recent price near $31.13 per unit, that means that analysts see 12.01% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EQAL's underlying holdings with notable upside to their analyst target prices are Intercept Pharmaceuticals Inc (Symbol: ICPT), Marvell Technology Group Ltd. (Symbol: MRVL), and Donaldson Co. Inc. (Symbol: DCI). Although ICPT has traded at a recent price of $64.77/share, the average analyst target is 95.77% higher at $126.80/share. Similarly, MRVL has 13.89% upside from the recent share price of $23.68 if the average analyst target price of $26.97/share is reached, and analysts on average are expecting DCI to reach a target price of $50.20/share, which is 13.17% above the recent price of $44.36. Below is a twelve month price history chart comparing the stock performance of ICPT, MRVL, and DCI:
Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
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. | Below is a twelve month price history chart comparing the stock performance of ICPT, MRVL, and DCI: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of EQAL's underlying holdings with notable upside to their analyst target prices are Intercept Pharmaceuticals Inc (Symbol: ICPT), Marvell Technology Group Ltd. (Symbol: MRVL), and Donaldson Co. Inc. (Symbol: DCI). Similarly, MRVL has 13.89% upside from the recent share price of $23.68 if the average analyst target price of $26.97/share is reached, and analysts on average are expecting DCI to reach a target price of $50.20/share, which is 13.17% above the recent price of $44.36. | Similarly, MRVL has 13.89% upside from the recent share price of $23.68 if the average analyst target price of $26.97/share is reached, and analysts on average are expecting DCI to reach a target price of $50.20/share, which is 13.17% above the recent price of $44.36. Three of EQAL's underlying holdings with notable upside to their analyst target prices are Intercept Pharmaceuticals Inc (Symbol: ICPT), Marvell Technology Group Ltd. (Symbol: MRVL), and Donaldson Co. Inc. (Symbol: DCI). Below is a twelve month price history chart comparing the stock performance of ICPT, MRVL, and DCI: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Similarly, MRVL has 13.89% upside from the recent share price of $23.68 if the average analyst target price of $26.97/share is reached, and analysts on average are expecting DCI to reach a target price of $50.20/share, which is 13.17% above the recent price of $44.36. Below is a twelve month price history chart comparing the stock performance of ICPT, MRVL, and DCI: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of EQAL's underlying holdings with notable upside to their analyst target prices are Intercept Pharmaceuticals Inc (Symbol: ICPT), Marvell Technology Group Ltd. (Symbol: MRVL), and Donaldson Co. Inc. (Symbol: DCI). | Below is a twelve month price history chart comparing the stock performance of ICPT, MRVL, and DCI: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of EQAL's underlying holdings with notable upside to their analyst target prices are Intercept Pharmaceuticals Inc (Symbol: ICPT), Marvell Technology Group Ltd. (Symbol: MRVL), and Donaldson Co. Inc. (Symbol: DCI). Similarly, MRVL has 13.89% upside from the recent share price of $23.68 if the average analyst target price of $26.97/share is reached, and analysts on average are expecting DCI to reach a target price of $50.20/share, which is 13.17% above the recent price of $44.36. | a9c77b44-2d77-4f96-a204-f121181d586f |
709907.0 | 2018-03-07 00:00:00 UTC | Donaldson (DCI) Q2 Earnings Miss Estimates, Revenues Up Y/Y | DCI | https://www.nasdaq.com/articles/donaldson-dci-q2-earnings-miss-estimates-revenues-up-y-y-2018-03-07 | nan | nan | Donaldson Company, Inc.DCI posted adjusted earnings of 43 cents per share in second-quarter fiscal 2018, missing the Zacks Consensus Estimate by a penny.
However, the reported figure fared better than the prior-year quarter tally of 35 cents, reflecting an increase of 22.9%. The bottom line was driven by impressive growth in revenues as well as favorable market conditions.
Inside the Headlines
Donaldson's total sales came in at $664.7 million, reflecting an improvement of 20.7% on a year-over-year basis. The top line also came ahead of the Zacks Consensus Estimate of $629.6 million. In fact, solid performance at the company's Engine Products and Industrial Products segments led to the increase in sales. Notably, the year-over-year improvement in sales includes a benefit of about 4.6% and 1.5% from currency translation and acquisitions, respectively.
The Engine Products segment's sales were up 22.2% year over year to $442.4 million. All the four sub-segments under Engine Products - Off-Road, On Road, Aftermarket as well as Aerospace and Defense - recorded an increase in sales, thus leading to the company's overall strong performance. Sales in Aftermarket, On-road, Off-Road and Aerospace and Defense business increased by 18.3%, 50.6%, 37% and 2%, respectively.
Sales at the Industrial Product segment were up 17.7% year over year to $222.3 million. In the Industrial Filtration Solutions, Gas Turbine Systems and Special Applications business the metric improved 13.4%, 55.7% and 11.3%, respectively.
Donaldson Company, Inc. Price, Consensus and EPS Surprise
Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote
However, Donaldson's adjusted operating margin contracted 30 basis points (bps) year over year to 12.3%. Meanwhile, the company's earnings before interest, taxes, depreciation and amortization (EBITDA) were $100.5 million compared with $89.5 million recorded a year ago.
Liquidity & Cash Flow
As of Jan 31, 2018, Donaldson had cash and equivalents of $362.2 million compared with $308.4 million as on Jul 31, 2017. The company had long-term debt of $667.7 million as on Jan 31, 2018 compared with $537.3 million as on Jul 31, 2017.
Share Repurchase Program
In the fiscal second quarter, the company returned $23.4 million to shareholders through share dividends. Additionally, Donaldson repurchased shares worth $20.2 million, which represents 0.3% of its outstanding shares.
2018 Guidance
Concurrent with the earnings release, the company issued guidance for fiscal 2018. Donaldson currently expects fiscal 2018 GAAP earnings in the range of $1.93-$2.01 per share compared with its earlier projection of $1.90 to $2.04. Based on the current market scenario, the company expects a 13-15% increase in full-year sales year over year.
Segment-wise, Donaldson projects Engine Products sales to increase in the range of 17-19% compared with its earlier projection of 13-17%. Markedly, sales increase in Aftermarket, Off-Road, On-Road as well as Aerospace and Defense is expected to act as a tailwind for growth in the Engine Products segment.
Donaldson anticipates Industrial Products sales to increase in the range of 5-7% compared with its earlier guidance of 4-8%, mirroring impressive performance from Industrial Filtration Solutions and Special Applications.
Conclusion
Donaldson's Engine Products segment has been exhibiting great momentum backed by benefit from stabilization in market conditions. Overall favorable trends including effects of restocking, favorable commodity prices, decent rig counts and stable industrial production are expected to prove conductive to the company's results in the upcoming quarters. Also, the company's strategy of winning first-fit programs, aftermarket growth, constant geographic expansion and fostering innovative technology are likely to act as growth catalysts going ahead.
Meanwhile, this Zacks Rank #3 (Hold) company is continually making strategic investments in capacity expansion, customer engagement, customer engagements through e-commerce, technology portfolio, and strengthening infrastructure. It is also working on expanding distribution capacity in some locations such as European distribution center, which is anticipated to provide cost benefits.
However, Donaldson remains vulnerable to uncertainty related to policy changes, global economic conditions and adverse currency fluctuations as more than half of its revenues comes from outside the United States.
Stocks to Consider
A few better-ranked stocks in the same space are Applied Industrial Technologies, Inc. AIT , Avery Dennison Corporation AVY and Brady Corporation BRC . While Applied Industrial Technologies sports a Zacks Rank #1 (Strong Buy), Avery Dennison and Brady Corporation carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Applied Industrial Technologies has an impressive earnings surprise history, surpassing estimates in each of the trailing four quarters, with an average beat of 11%.
Avery Dennison has an excellent earnings surprise history, exceeding estimates in each of the trailing four quarters, with an average beat of 6.8%.
Brady Corporation has posted an earnings beat thrice in the trailing four quarters, with an average positive surprise of 3.9%.
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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. | Donaldson Company, Inc.DCI posted adjusted earnings of 43 cents per share in second-quarter fiscal 2018, missing the Zacks Consensus Estimate by a penny. Click to get this free report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report To read this article on Zacks.com click here. All the four sub-segments under Engine Products - Off-Road, On Road, Aftermarket as well as Aerospace and Defense - recorded an increase in sales, thus leading to the company's overall strong performance. | Click to get this free report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.DCI posted adjusted earnings of 43 cents per share in second-quarter fiscal 2018, missing the Zacks Consensus Estimate by a penny. Donaldson Company, Inc. Price, Consensus and EPS Surprise Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote However, Donaldson's adjusted operating margin contracted 30 basis points (bps) year over year to 12.3%. | Click to get this free report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.DCI posted adjusted earnings of 43 cents per share in second-quarter fiscal 2018, missing the Zacks Consensus Estimate by a penny. Donaldson Company, Inc. Price, Consensus and EPS Surprise Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote However, Donaldson's adjusted operating margin contracted 30 basis points (bps) year over year to 12.3%. | Donaldson Company, Inc.DCI posted adjusted earnings of 43 cents per share in second-quarter fiscal 2018, missing the Zacks Consensus Estimate by a penny. Click to get this free report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report To read this article on Zacks.com click here. The bottom line was driven by impressive growth in revenues as well as favorable market conditions. | 7c41f441-85bd-468a-a62b-bd51d5b1cb01 |
709908.0 | 2018-03-06 00:00:00 UTC | Donaldson Company Inc (DCI) Q2 2018 Earnings Conference Call Transcript | DCI | https://www.nasdaq.com/articles/donaldson-company-inc-dci-q2-2018-earnings-conference-call-transcript-2018-03-06 | nan | nan | Donaldson Company, Inc. (NYSE: DCI)
Q2 2018 Earnings Conference Call
March 6, 2018, 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning. My name is Virgil and I will be your conference operator today. At this time, I would like to welcome everyone to the Donaldson Second Quarter 2018 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press "*1" on your telephone keypad. If you would like to withdraw your question, press "#". Thank you.
Brad Pogalz, you may begin your conference.
Brad Pogalz -- Director, Investor Relations
Thanks, Virgil. Good morning. Thank you for joining Donaldson's Second Quarter 2018 Earnings Conference Call. With me today is Tod Carpenter, Chairman, CEO, and President of Donaldson, and Scott Robinson, Chief Financial Officer. This morning, Tod and Scott will provide an overview of our recent performance and fiscal 2018 outlook, along with an update on some of our strategic priorities.
During today's call, we may reference non-GAAP metrics, such as adjusted tax rate and adjusted earnings per share. You can find a reconciliation of GAAP to non-GAAP metrics within the schedules attached to this morning's press release. I want to remind everyone that any forward-looking statements made during this call are subject to risks and uncertainties, the most important of which are described in our press release and SEC filings.
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Now I'll turn the call over to Tod Carpenter. Tod?
Tod Carpenter -- Chairman, President, and Chief Executive Officer
Thanks, Brad. Good morning, everyone. At the halfway point in our fiscal year, we have excellent sales traction and supportive market conditions around the world. Second quarter sales increased in every business unit and the sales for both segments were up in every major reason. These results highlight the broad nature of the recovery. We expect momentum to continue so we increased the midpoint of our full-year sales guidance by 2%. The new midpoint for fiscal '18 is 14% above last year and $200 million above our previous sales record of $2.5 billion.
As market conditions support our drive toward a new revenue record, they are also giving way to increased pressure on gross margin. We are seeing inflation across the business, from raw materials like steel and media to wages, as we compete for talent. Mix of sales is also a headwind. Products for OE customers generally have lower margins and they are currently the fastest growing part of our portfolio. High demand combined with capacity constraints is also effecting gross margin.
Meeting our customers' needs is our top priority so we are choosing to invest a portion of our gross margin to maintain service levels as demand spikes. At the same time, we know we need leverage so we are pursuing additional cost reduction and pricing initiatives to address these pressures. Scott will discuss this topic later in the call so let me now turn to a recap of our second quarter sales performance.
Total sales of $665 million were 21% above last year and ahead of our forecast. Currency translation added nearly 5% to the year-over-year increase. Growth in the Engine segment continues to lead the company and the segment is being led by our OE businesses. Total Engine sales increased 22% while On-Road and Off-Road were up 51% and 37% respectively.
In On-Road, there are a few items driving the growth. In the U.S., which drove more than half the sales increase, we are benefiting from an easy comp in the prior year and a rebound in heavy duty truck production. Additionally, our growth in On-Road reflects incremental benefits from new program wins. For example, Asia Pacific On-Road sales grew more than 60% due to a five-fold sales increase in China. We have a small share of China's massive market so we are encouraged by the interest that local OEs are showing in our high technology products.
Sales of Off-Road products reflect strength across end markets and geographies and this business is also benefiting from past program wins. For example, fuel products that leverage our innovative Synteq XP media grew more than 60% in the quarter. It's a small base but these sales are nearly all incremental to Donaldson. Off-Road sales are still well below peak levels so we think our technology and favorable market conditions provide a long runway for growth.
We remain very pleased with the results in our Aftermarket business, which grew 18% last quarter. Since bottoming out two years ago, total Aftermarket sales are up 40% and both the OE and Independent channels have grown every quarter since. Consistent with the past several quarters, growth appears to be driven by demand versus restocking and both channels are benefiting from higher levels of equipment utilization around the world. Specific to the Independent channel, customers exposed to mining and energy markets continue to grow at above average rates.
The macro factors driving Aftermarket sales are compounded by benefits from our strategic initiatives, including thoughtful acquisitions and innovative technology. Hy-Pro, which we acquired last year, added 3% to Aftermarket's growth last quarter. Additionally, our Liquid offering continues to perform very well. Aftermarket sales of hydraulic, fuel, and lube filters were all up around 20% last quarter. For fuel and lube, that's on top of a 20% increase last year. The fuel and lube business now represents more than 20% of total Engine sales after growing meaningfully over the past several years. Our customers continue to see the benefits from our high-performing products so we expect growth in our Liquid portfolio will remain strong.
Sales of PowerCore products also remain strong. Aftermarket sales of these filters grew in the mid-20% range last quarter and they continue to achieve new record levels. In fact, Aftermarket PowerCore products have grown sequentially in each of the past eight quarters. The long track record of success with this product highlights the power of using innovative technology to secure First-Fit wins and drive Aftermarket growth. It's evidence that our "Razors to Sell Razor Blades" strategy works.
Rounding out the Engine segment, Aerospace and Defense sales increased 2% last quarter, as growth in Aerospace offset a modest decline in Ground Defense equipment.
Turning to the Industrial segment, we are pleased with the strong growth rate last quarter, which was in line with our forecast. Total sales grew 18%, or 12% without FX impact. Sales of Gas Turbine Systems increased 56%, which was also in line with our forecast. An easy comparison last year, timing of projects, and strong growth in replacement parts drove the increase.
Looking past the year-over-year number, market conditions for GTS are relatively unchanged. Two years after modifying our go-to-market strategy, sales of replacement parts remains strong while the market for large turbine projects is still under extreme pressure. Based on these dynamics, we remain confident in our strategic decision to be much more selective in the projects we pursue.
Market conditions in our Industrial Filtration Solution business are far more encouraging. A total increase of 13% last quarter was led by a 20% increase in sales of new equipment. As markets improve, customers appear to be more interested in moving forward with medium and large projects for dust collectors. To build on the momentum, we are further expanding best practices in our selling model while also leveraging innovative technology to meet the emerging demand.
Our LifeTec filters, which launched in late 2016, are another bright spot in our IFS business. Although it's still early, sales of these filters are growing rapidly as they gain traction in the food and beverage market. The favorable response from customers has us excited about LifeTec's long-term value.
In special applications, sales of disc drives, membranes, and venting products all contributed to the total increase of 11%. The market for disc drive filters is being influenced by increasing demand from cloud storage and other near-line capacity needs, helping to offset the decline from PCs. Our long-standing focus on growing content per drive and developing new technology puts us in an excellent position to leverage the temporary market strength. We also continue to leverage this technology into new and adjacent markets, like venting solutions for automotive.
Across the company, we have seen evidence that consistent execution of our strategy over many years can build on market strength. Last quarter, sales of both First-Fit and Aftermarket products were up meaningfully in the quarter. Our innovative product portfolio continues to expand and we are investing to accelerate this growth. I'll talk more about those investments after Scott provides an update on our second quarter results and full-year guidance. Scott?
Scott Robinson -- Chief Financial Officer
Thanks, Tod. Good morning, everyone. I want to start with a quick overview of the impact from the Tax Cuts and Jobs Act, which resulted in a charge of $109.7 million in the second quarter. The majority of this charge reflects our provisional estimates of the total tax on repatriation of foreign earnings and there was also a small write down of our deferred tax assets. These charges reduced second quarter GAAP EPS by $0.83, resulting in a net loss in the quarter of $0.40 per share.
Longer term, we estimate our effective tax rate will be 24% to 28%, which is below our historic range of 27% to 29%. Roughly 35% of our profit today comes from the U.S., so the 14-point reduction in the corporate tax rate is muted by our global operations. Overall, we believe tax reform is a positive for Donaldson. In addition to the benefit from a lower tax rate, we are particularly encouraged by the increased flexibility in how we deploy our cash. We are still in the process of analyzing the legislation and exploring our options but nothing about our strategy or capital deployment priorities will change. We remain a returns-focused company and we invest first on growth-driving initiatives, then dividends, and finally share repurchase.
I'll now turn to a brief recap of our second quarter key metrics. As Tod outlined, sales were strong across the company. Total sales were up 21%, which we converted to a 23% increase in adjusted EPS. Our second quarter operating margin was 12.3% compared with 12.6% in the prior year.
Strong expense leverage only partially offset the pressure on gross margin. Higher raw material costs reduced gross margin by more than half a point. As expected, costs for our largest inputs, steel and media, were both up versus last year. Another half point of pressure came from mix. Sales to OE customers, which typically have lower margins, grew much faster than Aftermarket. The mix pressure is amplified by the annual price downs that are common in OE contracts.
Finally, our commitment to meeting our customers' needs while facing capacity strengths is also pressuring margins. To support high demand for innovative air and liquid products, we added shifts, incurred overtime, and, in some cases, sub-optimized the supply chain. We view these actions as making investments in our customer relationships that create long-term value for Donaldson.
Our segment level profitability highlights these challenges. The second quarter profit margin for Engine was 120 basis points below last year, while the Industrial margin was up 160 basis points. Engine is dealing with more acute pressure from all of the items I referenced: inflation, mix, and demand-related costs. Conversely, capacity is less of an issue in the Industrial segment and the project nature of many of those businesses addresses inflation with real-time pricing.
Strong operating expense performance offset a portion of the gross margin headwinds, as the rate of sales operating expenses decreased 90 basis points, driven primarily by leverage on increasing sales and retiming our stock option expense. We also had incremental spend of about $4 million on our strategic investments, which includes growth in R&D spend, investments in e-commerce, and the expense portion of capacity investments.
Moving down the P&L, a small expense in Other Income and Expense compares with income in the prior year of $1.7 million, reflecting a net loss of FX last quarter. Our second quarter adjusted tax rate declined to 25.7% from 29.8% last year, reflecting benefits from stock option accounting and the lower U.S. corporate tax rate.
Our balance sheet remains healthy, with our leverage ratio in line with our long-term target of 1.5 times. Predictably, working capital increased with higher sales and FX translation but we continue to work on opportunities to optimize the levels of inventory and receivables. Finally, we returned $4 million to shareholders last quarter, which was split between dividends and share repurchase.
Looking at the full year, we increased our sales projection and the midpoint of our adjusted EPS guidance range is flat with the prior forecast. We now expect total sales growth between 13% and 15% versus 10% to 14% in prior guidance. Comparing the midpoints of these ranges, we added about $50 million to our full-year projection, driven entirely by our First-Fit Engine businesses. We now project Engine sales will grow 17% to 19%, with both On-Road and Off-Road up in the mid-20% range. That compares with our previous forecast in the mid-teens. And we continue to believe we are outpacing the relative markets.
Our projections across the rest of our businesses are consistent with what we outlined last quarter. Engine Aftermarket sales will be up in the mid-teens, including a benefit of about 2% from the acquisitions of Hy-Pro and Partmo, and Aerospace and Defense sales are forecasted to grow in the low single digit range. Industrial segment sales are forecasted to grow 5% to 7%, led by an increase in the high single to low double digit range for Industrial Filtration Solutions. Sales of Special Applications are expected to grow in the low single digits and Gas Turbine Systems is expected to decline in the high single digit range.
One note on GTS. We do expect a sharp drop in the back half. The large increase in the second quarter, which benefited from a soft comp, was factored into our forecast. We are expecting third and fourth quarter sales will be more in line with first quarter.
Additional gross margin pressure drove our operating margin forecast down 30 basis points to a range 13.8% to 14.2%. At the midpoint, we still expect modest improvement from last year, as expense leverage offsets gross margin declines.
I also want to touch on a few discrete items in the forecast. We still expect to make incremental investments of $10 million to $15 million. Consistent with what we outlined at the beginning of the year, we plan to invest in technology development, e-commerce, and capacity expansion. Additionally, we still expect the extent of compensation will be a few million dollars above last year.
Specific to gross margin, we see a little relief from items that affected our second quarter performance: inflation, mix, and incremental demand-related cost. There could also be incremental pressure from tariffs on steel and aluminum but the situation is still evolving and, as such, those are not yet reflected in our forecast.
Looking ahead, we expect to mitigate a portion of these margin pressures. Leaders across the company are identifying additional opportunities to reduce costs through efficiency gains and we know we have work to do on pricing. We raised prices earlier this calendar year, which was a first step in our process.
Given continued pressure from inflation and annual OE price downs, we are taking a multi-step approach. In the Independent channel, we are enacting additional price increases across businesses and regions over the balance of this fiscal year. We are also in the process of recovering some of the inflationary pressure with our largest OE customers that have indexing arrangements. Both of these efforts take time. Customers typically require a 90-day lead time so the steps we've taken will take a little while to flow into our results. Our objective is to get in front of inflation so we will continue to refine our pricing estimates over the coming months.
In terms of other guidance metrics, there are a handful of changes to call out. We reduced our Other Income forecast by $2 million, driven primarily by the performance in the second quarter. This impact is offset by a lower tax rate. Our new forecast of 26.5% to 28.5% is down about 1 point from the prior range, reflecting the net benefit from tax reform.
Please keep a couple things in mind. First, the tax rate guidance excludes the one-time charges we took in the second quarter. Second, the new range includes a partial year benefit from the U.S. rate reduction that is largely offset by other aspects of tax reform, such as foreign withholding tax.
We raised the bottom end of our capital expenditure forecast to $90 million, as we continue to invest in the business, and our cash conversion forecast is now 60% to 75%. The decline in our conversion reflects the higher level of working capital, largely due to demand. Our share repurchase target of 2% is unchanged and we are halfway to that goal after the second quarter.
All together, we expect adjusted earnings per share of $1.93 to $2.01. The midpoint of $1.97 is consistent with our prior guidance and reflects growth from last year's GAAP and adjusted EPS of 13.2% and 16.6%, respectively. The one-time charges from tax reform will leave full-year GAAP EPS about $0.83 below adjusted EPS.
In terms of the back half of fiscal '18, we expect sales, operating margin, and EPS will all show sequential improvement in each of the last two quarters. So third quarter will be better than second for these metrics and fourth quarter will be better than third.
Before turning the call back to Tod, I want to reiterate a point I've made to many of you. We remain committed to delivering incremental levels of profit on increasing sales. Nothing has changed about this commitment. We are balancing the priorities of meeting demand, investing for the future, and managing costs. I am confident that we can deliver against these priorities while positioning ourselves for long-term success.
Now I'll turn the call back to Tod for his closing commentary. Tod?
Tod Carpenter -- Chairman, President, and Chief Executive Officer
Thanks, Scott. We are encouraged by the market conditions and we remain on track to deliver record sales and adjusted EPS this year. While we understand that the level of incremental margin is perhaps a disappointment, we are not willing to significantly lower our customer service levels or defer investments in long-term growth as a means of offsetting short-term gross margin pressure. However, we will implement off-cycle price increases, further manage discretionary expenses, and explore other cost-saving measures to mitigate this pressure without compromising our customer service or strategic agenda.
Our agenda this year includes $10 million to $15 million of incremental investment in R&D, e-commerce, and the expense portion of capacity expansion. We're making excellent progress on our e-commerce site, which has been in pilot phase for the past four months. We've now processed more than $10 million in orders from hundreds of customers in 45 countries and we're very excited about the official launch later this fiscal year.
We have also made progress on capacity expansion, but these investments have a longer timeline. We doubled the size of our European distribution center and we are adding new lines and new square footage around the world. The production investments are centered on PowerCore, engine liquid, process filtration, and dust collection, all the businesses that are contributing to our strong growth right now. As new capacity comes online over the course of this calendar year, we expect some of the demand-related margin pressure will moderate.
Another critical portion of our investment plan is new technology development. We are on a multi-year journey to increase R&D spend by about 1% of sales. We are investing to strengthen our material science capabilities and advance our offering of connected solutions. These new technologies are largely geared toward penetrating further into new and adjacent markets or enhancing the role we play in an existing market. We also expect these technologies will bolster company profitability, with many of them having above-average margin rates.
Like many of you, we are focused on the long-term success of our company. The excellent sales traction, which is supported by how we have positioned ourselves as a technology leader in filtration, is giving us increased capacity to drive future growth. We are very encouraged by this opportunity but we do not take the responsibility lightly. I am confident that we can deliver on our objectives by executing against a set of key priorities: meeting our customers' needs, getting our pricing more in line with costs, getting costs more in line with the unexpectedly strong demand, and investing for the future.
Before closing, I sincerely want to thank our employees. They have shown incredible resilience as we dealt with the unexpectedly steep recovery and their commitment to our company is truly inspiring. I am grateful to have the opportunity to work with them as we drive toward our goal of leading the world in filtration solutions. Now I'll turn the call back to Virgil to open the line for questions. Virgil?
Questions and Answers:
Operator
As a reminder, if you would like to ask a question, press "*1" on your telephone keypad. Your fist question comes from Brian Drab from William Blair. Please go ahead.
Kyle Dicke -- William Blair -- Analyst
Good morning, guys. This is Kyle Dicke on for Brian Drab. Thanks for taking the questions. Just looking at the gross margin, and we appreciate all the color on the puts and takes, it looks like some of these pressures are gonna continue in the second half. But I guess are you able to provide any more color on how much you expect to alleviate in the back half of the year? I know you said some on the supply chain look like they might come down a little bit. But can you provide any more color there?
Scott Robinson -- Chief Financial Officer
Sure, I'll start. So first off, we're working on pricing. Right? We have increasing costs and we have to work to pass that on to our customers and we've been doing that. In many cases, it takes some time for the price to actually layer in because of notification periods or existing orders in the system we have to work through. So we're working on increasing our pricing to offset the costs and as that comes in, we'll see an improvement in margin. We expect margins to improve in the back half so it will get better as we go forward. But we do expect there's going to be costs that are continuing to pressure us, both raw material, freight, and excess demand. So you really have many factors that are driving the equations, both from the pricing and the cost side, and we're working to normalize our operations and get the true cost of our product being reflected in the price.
Kyle Dicke -- William Blair -- Analyst
Okay. And then just to clarify on that. When you say margin improvement in the back half, that would be kind of from a sequential level from Q2 level, not on a year-over-year basis?
Brad Pogalz -- Director, Investor Relations
This is Brad. Sequential, yes. And if you take the midpoint of our operating margin guidance range, we're up pretty meaningfully, about half a point, from the prior year. So we certainly expect to get some traction with expense leverage in the back half as well. And gross margin, to Scott's point, will be a little bit more tame, but in the neighborhood of the prior year.
Kyle Dicke -- William Blair -- Analyst
Okay. Thank you. And then looking at the Off-Road business, it looks like you're seeing broad-based growth there. But are there any specific end markets that you would call up that improved more than you would have expected over the last three months?
Tod Carpenter -- Chairman, President, and Chief Executive Officer
Sure. This is Tod. Two. Mining, but mining is coming from a very, very low bottom. Mining is clearly outpacing the average, as well as energy-related type of activities is also outpacing the average.
Kyle Dicke -- William Blair -- Analyst
Okay. Thanks. And then just looking, given the top-line growth, when you think about capacity, do you think you're in a good place right now to meet demand over the next 12 months or are you having to expand investment even more than you had planned maybe a few months ago?
Tod Carpenter -- Chairman, President, and Chief Executive Officer
Our capacity is kind of a mixed story. On the Industrial side of our company, our capacity is fine. We have a number of opportunities for growth where we can just continue to execute quite well. On the Engines side, we're a bit more pressured. And so therefore we're adding capacity throughout the company. Specifically on the Liquid initiative, we're doing quite well. We'll add new Liquid capacity that will come on line later this calendar year, as well as PowerCore. PowerCore capacity is being added in multiple regions in the world and that will come on line also later this year. Additionally, we did accelerate an investment whereby we will be doubling the size of our Poland plant. And that was an investment we thought we would need in about two years and we are launching that this quarter.
Kyle Dicke -- William Blair -- Analyst
Okay. Great. Thanks. That's it for me.
Operator
Your next question comes from Jim Giannakouros from Oppenheimer. Please go ahead.
Jim Giannakouros -- Oppenheimer -- Analyst
Hey, good morning, everyone. So just tacking on to that last point, the accelerated investment in the plant in Poland, is that basically the incremental investments that you have hitting FY '18 plan relative to your original? And if there's other ones, can you please outline those and how we should be thinking about level of investment overall, I guess, for FY '19 and '20, if you have the line of sight? Thanks.
Scott Robinson -- Chief Financial Officer
Well, for FY '18, we increased the midpoint of the guidance slightly in CAPEX. So we completed the Poland plant a while back. We are planning to add capacity there. And we are adding capacity around the world, not just specifically related to Poland, to meet kind of the current sales situation that we have. So there's several different initiatives under way, which was one of our, if you remember at the beginning of the year, was one of our original investments, was to plan to add capacity as we could see demand coming. And so that's kind of spread around the world. Our goal is to meet local demand with local production as much as possible. And so we're spreading the capacity investments to meet the expected demand.
Jim Giannakouros -- Oppenheimer -- Analyst
Okay. And somewhat related, just in meeting local demand, I'm just trying to understand the working capital needs. Can you talk about specifically what's going on there? Is it from your larger customers or is it the smaller OEs that are playing catchup that hadn't matched build rates to demand effectively or is it in Aftermarket? How should we be thinking about the working capital hit that you're taking?
Scott Robinson -- Chief Financial Officer
So working capital, our growth has been broad-based. So it's coming pretty well spread across the whole company. When we look at our AR, our days are up two since the end of the year, and if I look at our turns since the end of last year, on a three-month trailing, we were 6.1 and now we 5.4. So there's been a spike in demand and we have to work to improve our metrics as things normalize. And we are making investments in the supply chain and in inventory builds to account for future expected demand. But it's kind of everyday work for us and we have to continue to manage that the best we can.
Tod Carpenter -- Chairman, President, and Chief Executive Officer
Maybe I'll just add a little bit in the fact that, Jim, this is all part of what we consider to be very important in that investment portion to keep that customer relationship long-term. We have a number of customers out there, they've talked within their quarters, things such as saying sales were moderated by their supply chain issues. That's not Donaldson causing those items, just simply because the strategic actions that we're taking, and we're using the power of our balance sheet to make sure that we keep those long-term relationships solid. And so you'll see that from a working capital standpoint of view.
Jim Giannakouros -- Oppenheimer -- Analyst
That's helpful. Thank you. And one more, if I may. You guys continue to outpace relative. I think you said you're gaining share, and I missed it, if it was an OE comment or an OEN Aftermarket comment. What do you attribute your share gains on the Engine side? Is it more in Liquid? Is it new product intros that are more broad-based? How should I be thinking about your share gains? Thanks.
Tod Carpenter -- Chairman, President, and Chief Executive Officer
Sure. So No. 1, it is Liquid. Liquid, we're doing really quite well across the Liquid portfolio. We're now over $600 million within our Liquid initiative and really our growth rates there have been quite strong this year. PowerCore also has grown very nicely within the quarter. And so you start to see the whole proprietary First-Fit help drive the Aftermarket, is really helping the share gain. And so it's really just good execution of our strategy, overlaid by the fact that we do have an end market lift coming on board.
Jim Giannakouros -- Oppenheimer -- Analyst
That's all I had. Thank you.
Operator
Your next question comes from Charley Brady from SunTrust Robinson Humphrey. Please go ahead.
Charley Brady -- SunTrust Robinson Humphrey -- Analyst
Hey, thanks. Good morning. Just wanted to go back and clarify the commentary on the gross margin in the second half just so I make sure I'm very clear on that. You're expecting improvement sequentially but not year-over-year or both?
Brad Pogalz -- Director, Investor Relations
This is Brad. Gross margin improves sequentially. Year-over-year, it'll be in the neighborhood of last year's.
Charley Brady -- SunTrust Robinson Humphrey -- Analyst
Got it.
Brad Pogalz -- Director, Investor Relations
Operating margin is up year-over-year pretty meaningfully in the back half and again sequentially. So we're gonna get better expense leverage to drive the majority of that improvement on increasing revenues.
Charley Brady -- SunTrust Robinson Humphrey -- Analyst
Yeah, that's helpful. And just switching gears here. So on Aftermarket, two questions relating to that. On the GTS business, can you tell us how much of that business today is the Aftermarket versus the OE mix? And what's the growth rate on the Aftermarket piece of that?
Brad Pogalz -- Director, Investor Relations
This is Brad again. The split is a little more than 60% of total GTS revenue is going toward replacement parts and that was up in the 50% range in the quarter.
Charley Brady -- SunTrust Robinson Humphrey -- Analyst
Okay. And then Aftermarket Engine, can you give us a little more granularity about the separate parts of Engine where you're seeing the Aftermarket growth? Is it just strong right across the board or is there one area that you're seeing a lot more growth than the others? I assume Off-Road and On-Road, like the OE businesses, are probably the strongest pieces of Aftermarket as well.
Tod Carpenter -- Chairman, President, and Chief Executive Officer
Charley, it's very broad-based geographically. However, within the U.S., I would suggest that oil and gas portion is really coming through. And then worldwide, mining is also showing strength. So it's very broad-based.
Charley Brady -- SunTrust Robinson Humphrey -- Analyst
Thank you.
Operator
Your next question comes from Laurence Alexander from Jefferies. Please go ahead.
Nick Fassero -- Jefferies -- Analyst
Hi, this is Nick Fassero on for Laurence. You called our large turbines market is still under pressure. I was just wondering, are there any adjacent markets where you can leverage that technology to relieve some of the pressure?
Tod Carpenter -- Chairman, President, and Chief Executive Officer
Nick, this is Tod. No, not really. That is a very specialized project-based business that really can be filtering ambient air of up to 1.2 million cubic feet a minute. So it's very unique in its project-based sales, particularly for peak and base loads. That is the portion of the business where we strategically changed our focus about two years ago, taking a look forward just to see this downturn, and our strategic change has surely been right in step with what the business has done and what the end market has done. So we're very happy with that change that we made but we do not see adjacencies from that project-based business.
Brad Pogalz -- Director, Investor Relations
Nick, this is Brad. I might turn the question around too. And one thing to point out, and a benefit from our technology portfolio, is there are aspects of this technology that we can use in the gas turbine business to expand the offering. So there are filters that maybe go in the Pacific Northwest where there's more moisture in the air, where we use Synteq XP media to wrap the filters. So this notion of diversification through technology that we've done across the business can help enhance our offerings in some of these businesses.
Nick Fassero -- Jefferies -- Analyst
Okay. That's very helpful. And just one more. I was wondering if you could provide some color on demand trends by region. Are you seeing any areas where demand is accelerating or decelerating?
Tod Carpenter -- Chairman, President, and Chief Executive Officer
It's very broad-based, Nick. There's not one particular geography that's standing out from the others. We are gaining traction in China and we're doing very, very well, as we highlighted that large growth rate that we had within the quarter. But regionally it's pretty straightforward. That's just share gain on our part and excellent execution. It's just a very broad-based geographic recovery.
Nick Fassero -- Jefferies -- Analyst
Got it. Thank you very much.
Operator
There are no further questions at this time. I will turn the call back over to Tod Carpenter for closing remarks.
Tod Carpenter -- Chairman, President, and Chief Executive Officer
That concludes today's call. I want to thank everyone for listening and for their time and interest in Donaldson Company. Have a great day. Goodbye.
Operator
This concludes today's call and you may now disconnect.
Duration:39 minutes
Call participants:
Brad Pogalz -- Director, Investor Relations
Tod Carpenter -- Chairman, President, and Chief Executive Officer
Scott Robinson -- Vice President and Chief Financial Officer
Kyle Dicke -- William Blair -- Analyst
Jim Giannakouros -- Oppenheimer -- Analyst
Charley Brady -- SunTrust Robinson Humphrey -- Analyst
Nick Fassero -- Jefferies -- Analyst
More DCI analysis
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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. | Donaldson Company, Inc. (NYSE: DCI) Q2 2018 Earnings Conference Call March 6, 2018, 10:00 a.m. Duration:39 minutes Call participants: Brad Pogalz -- Director, Investor Relations Tod Carpenter -- Chairman, President, and Chief Executive Officer Scott Robinson -- Vice President and Chief Financial Officer Kyle Dicke -- William Blair -- Analyst Jim Giannakouros -- Oppenheimer -- Analyst Charley Brady -- SunTrust Robinson Humphrey -- Analyst Nick Fassero -- Jefferies -- Analyst More DCI analysis This article is a transcript of this conference call produced for The Motley Fool. Consistent with the past several quarters, growth appears to be driven by demand versus restocking and both channels are benefiting from higher levels of equipment utilization around the world. | Duration:39 minutes Call participants: Brad Pogalz -- Director, Investor Relations Tod Carpenter -- Chairman, President, and Chief Executive Officer Scott Robinson -- Vice President and Chief Financial Officer Kyle Dicke -- William Blair -- Analyst Jim Giannakouros -- Oppenheimer -- Analyst Charley Brady -- SunTrust Robinson Humphrey -- Analyst Nick Fassero -- Jefferies -- Analyst More DCI analysis This article is a transcript of this conference call produced for The Motley Fool. Donaldson Company, Inc. (NYSE: DCI) Q2 2018 Earnings Conference Call March 6, 2018, 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning. | Duration:39 minutes Call participants: Brad Pogalz -- Director, Investor Relations Tod Carpenter -- Chairman, President, and Chief Executive Officer Scott Robinson -- Vice President and Chief Financial Officer Kyle Dicke -- William Blair -- Analyst Jim Giannakouros -- Oppenheimer -- Analyst Charley Brady -- SunTrust Robinson Humphrey -- Analyst Nick Fassero -- Jefferies -- Analyst More DCI analysis This article is a transcript of this conference call produced for The Motley Fool. Donaldson Company, Inc. (NYSE: DCI) Q2 2018 Earnings Conference Call March 6, 2018, 10:00 a.m. Strong operating expense performance offset a portion of the gross margin headwinds, as the rate of sales operating expenses decreased 90 basis points, driven primarily by leverage on increasing sales and retiming our stock option expense. | Duration:39 minutes Call participants: Brad Pogalz -- Director, Investor Relations Tod Carpenter -- Chairman, President, and Chief Executive Officer Scott Robinson -- Vice President and Chief Financial Officer Kyle Dicke -- William Blair -- Analyst Jim Giannakouros -- Oppenheimer -- Analyst Charley Brady -- SunTrust Robinson Humphrey -- Analyst Nick Fassero -- Jefferies -- Analyst More DCI analysis This article is a transcript of this conference call produced for The Motley Fool. Donaldson Company, Inc. (NYSE: DCI) Q2 2018 Earnings Conference Call March 6, 2018, 10:00 a.m. Total sales of $665 million were 21% above last year and ahead of our forecast. | 8d6dbdd3-6e58-4ce6-819b-a47540abe87d |
709909.0 | 2018-03-05 00:00:00 UTC | Pre-Market Earnings Report for March 6, 2018 : TGT, DCI, KLXI, CIEN, GMS, GLYC, MYE, BTE, MTLS, AFI, AMRC, JW.A | DCI | https://www.nasdaq.com/articles/pre-market-earnings-report-march-6-2018-tgt-dci-klxi-cien-gms-glyc-mye-bte-mtls-afi-amrc | nan | nan | The following companies are expected to report earnings prior to market open on 03/06/2018. Visit our Earnings Calendar for a full list of expected earnings releases.
Target Corporation ( TGT ) is reporting for the quarter ending January 31, 2018. The discount retail company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.39. This value represents a 4.14% decrease compared to the same quarter last year. TGT missed the consensus earnings per share in the 1st calendar quarter of 2017 by -3.33%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for TGT is 15.92 vs. an industry ratio of 17.90.
Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending January 31, 2018. The pollution control company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.44. This value represents a 25.71% increase compared to the same quarter last year. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DCI is 23.45 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry.
KLX Inc. ( KLXI ) is reporting for the quarter ending January 31, 2018. The aerospace and defense company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.81. This value represents a 84.09% increase compared to the same quarter last year. KLXI missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -4.48%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for KLXI is 23.81 vs. an industry ratio of 24.70.
Ciena Corporation ( CIEN ) is reporting for the quarter ending January 31, 2018. The fiber optics company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.07. This value represents a 61.11% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CIEN is 23.49 vs. an industry ratio of 22.60, implying that they will have a higher earnings growth than their competitors in the same industry.
GMS Inc. ( GMS ) is reporting for the quarter ending January 31, 2018. The building company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.40. This value represents a 25.00% increase compared to the same quarter last year. GMS missed the consensus earnings per share in the 4th calendar quarter of 2017 by -7.27%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for GMS is 15.87 vs. an industry ratio of 19.10.
GlycoMimetics, Inc. ( GLYC ) is reporting for the quarter ending December 31, 2017. The drug company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.26. This value represents a 27.78% increase compared to the same quarter last year. GLYC missed the consensus earnings per share in the 4th calendar quarter of 2016 by -5.88%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for GLYC is -21.65 vs. an industry ratio of -8.30.
Myers Industries, Inc. ( MYE ) is reporting for the quarter ending December 31, 2017. The rubber & plastic company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.07. This value represents a 0.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for MYE is 40.63 vs. an industry ratio of 31.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Baytex Energy Corp ( BTE ) is reporting for the quarter ending December 31, 2017. The oil company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.11. This value represents a 62.07% increase compared to the same quarter last year. In the past year BTE and beat the expectations the other two quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for BTE is -20.83 vs. an industry ratio of 6.20.
Materialise NV ( MTLS ) is reporting for the quarter ending December 31, 2017. The internet software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.01. This value represents a no change for the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for MTLS is -202.50 vs. an industry ratio of -55.10.
Armstrong Flooring, Inc. ( AFI ) is reporting for the quarter ending December 31, 2017. The building company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.20. This value represents a 122.22% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AFI is 95.13 vs. an industry ratio of 26.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Ameresco, Inc. ( AMRC ) is reporting for the quarter ending December 31, 2017. The electrical company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.14. This value represents a 75.00% increase compared to the same quarter last year. AMRC missed the consensus earnings per share in the 1st calendar quarter of 2017 by -300%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AMRC is 19.76 vs. an industry ratio of 26.30.
John Wiley & Sons, Inc. (JW.A) is reporting for the quarter ending January 31, 2018. The book publisher company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.84. This value represents a 8.70% decrease compared to the same quarter last year. In the past year JW.A has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 24.1%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for JW.A is 0.00 vs. an industry ratio of 8.70.
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. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending January 31, 2018. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DCI is 23.45 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry. | Zacks Investment Research reports that the 2018 Price to Earnings ratio for DCI is 23.45 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending January 31, 2018. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. | Zacks Investment Research reports that the 2018 Price to Earnings ratio for DCI is 23.45 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending January 31, 2018. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending January 31, 2018. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DCI is 23.45 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry. | 5f5bbaee-0691-4f41-9a00-8f3d445ead2e |
709910.0 | 2018-03-01 00:00:00 UTC | DCI Makes Notable Cross Below Critical Moving Average | DCI | https://www.nasdaq.com/articles/dci-makes-notable-cross-below-critical-moving-average-2018-03-01 | nan | nan | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed below their 200 day moving average of $47.31, changing hands as low as $46.86 per share. Donaldson Co. Inc. shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of DCI shares, versus its 200 day moving average:
Looking at the chart above, DCI's low point in its 52 week range is $42.59 per share, with $52.20 as the 52 week high point - that compares with a last trade of $47.50.
According to the ETF Finder at ETF Channel, DCI makes up 3.37% of the Environmental Services ETF (Symbol: EVX) which is trading lower by about 1.2% on the day Thursday.
Click here to find out which 9 other dividend stocks recently crossed below 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. | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed below their 200 day moving average of $47.31, changing hands as low as $46.86 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $42.59 per share, with $52.20 as the 52 week high point - that compares with a last trade of $47.50. According to the ETF Finder at ETF Channel, DCI makes up 3.37% of the Environmental Services ETF (Symbol: EVX) which is trading lower by about 1.2% on the day Thursday. | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed below their 200 day moving average of $47.31, changing hands as low as $46.86 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $42.59 per share, with $52.20 as the 52 week high point - that compares with a last trade of $47.50. According to the ETF Finder at ETF Channel, DCI makes up 3.37% of the Environmental Services ETF (Symbol: EVX) which is trading lower by about 1.2% on the day Thursday. | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed below their 200 day moving average of $47.31, changing hands as low as $46.86 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $42.59 per share, with $52.20 as the 52 week high point - that compares with a last trade of $47.50. According to the ETF Finder at ETF Channel, DCI makes up 3.37% of the Environmental Services ETF (Symbol: EVX) which is trading lower by about 1.2% on the day Thursday. | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed below their 200 day moving average of $47.31, changing hands as low as $46.86 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $42.59 per share, with $52.20 as the 52 week high point - that compares with a last trade of $47.50. According to the ETF Finder at ETF Channel, DCI makes up 3.37% of the Environmental Services ETF (Symbol: EVX) which is trading lower by about 1.2% on the day Thursday. | ba9fbdeb-6a3b-47db-9ed2-8aa4ee998647 |
709911.0 | 2018-03-01 00:00:00 UTC | Acacia Communications: 6 Reasons to Sell, 2 Reasons to Buy | DCI | https://www.nasdaq.com/articles/acacia-communications-6-reasons-sell-2-reasons-buy-2018-03-01 | nan | nan | Acacia Communications (NASDAQ: ACIA) serves the long haul, metro, and data center interconnect (DCI) markets by boosting the capacity of existing networks. Acacia competes with companies like Infinera (NASDAQ: INFN) in this space, but its 400G chipset -- which is smaller, denser, and more power-efficient than many rival products -- gives it a competitive edge. Acacia is also more exposed to the higher-growth metro and DCI markets than long haul-oriented companies like Infinera.
Acacia was one of the hottest IPOs of 2016, skyrocketing from its IPO price of $23 to $119 in just four months. However, the stock has declined almost 70% since then, with the mixed fourth-quarter numbers it reported on Feb. 22 causing an 11% drop the following day.
So is Acacia a contrarian buy or a falling knife? Let's take a closer look at a few reasons to either sell or buy this out-of-favor stock.
Six reasons to sell Acacia
Acacia's revenue fell 39% annually to $86.6 million during the quarter, missing estimates by nearly $2 million and representing its third straight quarter of negative growth.
Like many of its peers, Acacia is struggling with sluggish demand in China, cyclically weak demand from traditional telcos, and volatile demand for DCI solutions. Its customer base is also extremely concentrated, with almost 80% of its revenues coming from its top five customers.
Acacia expects its first-quarter revenue to fall 35%-42% annually. Analysts expected a much milder drop of 19%. For the rest of 2018, CFO John Gavin remains "cautiously optimistic" about Acacia's prospects.
Acacia's non-GAAP operating expenses accounted for 34% of its revenue during the fourth quarter, compared to just 16% in the prior-year quarter. It attributes those higher expenses to foundry and development milestone payments along with strategic R&D investments, but those higher expenses could throttle its earnings growth as its revenues decline.
Acacia's non-GAAP earnings fell 71% annually to $0.27 per share during the quarter, which still beat expectations by two cents.
But for the first quarter, it expects earnings of just $0.01 to $0.10 per share, which marks a steep drop from its earnings of $0.77 a year earlier and misses analysts' projections of $0.28 per share. Acacia also remains unprofitable on a GAAP basis.
Analysts expect Acacia's revenue and earnings to decline 3% and 40%, respectively, in 2018. However, the stock still trades at 35 times its projected EPS for 2018 -- which is a lofty multiple for a company with negative growth.
Lastly, Acacia's insiders don't have much faith in the company's near-term future. Over the past 12 months, insiders sold 2.88 million shares on the open market, but purchased just over 332,000 shares.
Two reasons to buy Acacia
Acacia's growth figures look terrible, but it's a cyclical play which could recover quickly if demand in China accelerates.
During the conference call, CEO Murugesan Shanmugaraj stated that while China "remains challenging" and "the timing of deployment growth remains uncertain," some top OEMs and carriers in China had stated "that the long-term fundamentals remain intact," fueled by rising demand for higher bandwidth connections in provincial and metro networks.
Shanmugaraj also noted that "recent comments" from an unnamed industry peer indicated that Chinese orders of fiber components rose at the end of 2017 -- which "historically has signaled the early stages of network expansion."
Acacia's gross margin also remains high, despite the aforementioned concerns about its operating expenses. Its non-GAAP gross margin of 44.5% represents a decline from 48.3% in the prior-year quarter, but remains comfortably higher than Infinera's non-GAAP gross margin of 37.5% in its latest quarter.
The bottom line
I love a good turnaround play, but Acacia looks more like a falling knife. Its year-over-year revenue and earnings declines aren't slowing down, and its P/E ratio is still too high. Investors should steer clear of this stock until the Chinese market stabilizes.
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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. | Acacia Communications (NASDAQ: ACIA) serves the long haul, metro, and data center interconnect (DCI) markets by boosting the capacity of existing networks. Acacia is also more exposed to the higher-growth metro and DCI markets than long haul-oriented companies like Infinera. Like many of its peers, Acacia is struggling with sluggish demand in China, cyclically weak demand from traditional telcos, and volatile demand for DCI solutions. | Acacia Communications (NASDAQ: ACIA) serves the long haul, metro, and data center interconnect (DCI) markets by boosting the capacity of existing networks. Acacia is also more exposed to the higher-growth metro and DCI markets than long haul-oriented companies like Infinera. Like many of its peers, Acacia is struggling with sluggish demand in China, cyclically weak demand from traditional telcos, and volatile demand for DCI solutions. | Acacia Communications (NASDAQ: ACIA) serves the long haul, metro, and data center interconnect (DCI) markets by boosting the capacity of existing networks. Acacia is also more exposed to the higher-growth metro and DCI markets than long haul-oriented companies like Infinera. Like many of its peers, Acacia is struggling with sluggish demand in China, cyclically weak demand from traditional telcos, and volatile demand for DCI solutions. | Acacia Communications (NASDAQ: ACIA) serves the long haul, metro, and data center interconnect (DCI) markets by boosting the capacity of existing networks. Acacia is also more exposed to the higher-growth metro and DCI markets than long haul-oriented companies like Infinera. Like many of its peers, Acacia is struggling with sluggish demand in China, cyclically weak demand from traditional telcos, and volatile demand for DCI solutions. | 9a0b983d-158c-4885-877b-4b129ed1c349 |
709912.0 | 2018-03-01 00:00:00 UTC | Tetra Tech Wins $32 Million Single-Award Contract From USAID | DCI | https://www.nasdaq.com/articles/tetra-tech-wins-%2432-million-single-award-contract-from-usaid-2018-03-01 | nan | nan | Tetra Tech, Inc.TTEK recently announced that the company has secured a $32 million, single-award contract from the U.S. Agency for International Development (USAID). The deal will help in the expansion of water, sanitation, and hygiene (WASH) services in Uganda.
Per the five-year Uganda Sanitation for Health Activity contract, Tetra Tech will offer technical services to enhance the household access to sanitation and water services. This will also facilitate health improvement through evidence-based behavior change campaigns in homes, health facilities as well as schools. Moreover, the company will collect data through modern methods like sensors mobile texting surveys and water usage information, leading to efficient documentation of behavior change.
Working with the Ugandan Ministry of Health and Ministry of Water and Environment, Tetra Tech will also support WASH sector policy reforms. Moreover, the collaboration with private sector service providers will promote investment in WASH facilities and facilitate arrangements for financing the sanitation and hygiene services.
Our Take
Tetra Tech remains optimistic about its growth across all four client sectors namely U.S. federal, U.S. state and local, the U.S. commercial work and finally international. Based on growth rate forecast for both the U.S. federal and the U.S. state local markets, the company expects federal work to comprise almost a third of its business and grow at a rate of 5-10% for the rest of the fiscal 2018. Work for U.S. state and local clients is anticipated to grow 10-15% in rest of fiscal 2018. Such positive industry trends are expected to boost company's growth in the long run.
Moreover, Tetra Tech believes that the solid pipeline of projects in the Department of Defense and development-related services, in the United States will continue to propel growth of its federal business. This apart, the company's robust financial health and diligent capital deployment strategies have also been driving its growth momentum.
However, strong competition from various big and small sector players including the likes of Donaldson Company, Inc. DCI , Advanced Emissions Solutions, Inc. ADES and LiqTech International, Inc. LIQT remains potent threat to Tetra Tech's profitability.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Tetra Tech, Inc. (TTEK): Free Stock Analysis Report
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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. | However, strong competition from various big and small sector players including the likes of Donaldson Company, Inc. DCI , Advanced Emissions Solutions, Inc. ADES and LiqTech International, Inc. LIQT remains potent threat to Tetra Tech's profitability. Click to get this free report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report LiqTech International, Inc. (LIQT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Advanced Emissions Solutions, Inc. (ADES): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the company will collect data through modern methods like sensors mobile texting surveys and water usage information, leading to efficient documentation of behavior change. | However, strong competition from various big and small sector players including the likes of Donaldson Company, Inc. DCI , Advanced Emissions Solutions, Inc. ADES and LiqTech International, Inc. LIQT remains potent threat to Tetra Tech's profitability. Click to get this free report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report LiqTech International, Inc. (LIQT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Advanced Emissions Solutions, Inc. (ADES): 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. | Click to get this free report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report LiqTech International, Inc. (LIQT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Advanced Emissions Solutions, Inc. (ADES): Free Stock Analysis Report To read this article on Zacks.com click here. However, strong competition from various big and small sector players including the likes of Donaldson Company, Inc. DCI , Advanced Emissions Solutions, Inc. ADES and LiqTech International, Inc. LIQT remains potent threat to Tetra Tech's profitability. Per the five-year Uganda Sanitation for Health Activity contract, Tetra Tech will offer technical services to enhance the household access to sanitation and water services. | However, strong competition from various big and small sector players including the likes of Donaldson Company, Inc. DCI , Advanced Emissions Solutions, Inc. ADES and LiqTech International, Inc. LIQT remains potent threat to Tetra Tech's profitability. Click to get this free report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report LiqTech International, Inc. (LIQT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Advanced Emissions Solutions, Inc. (ADES): Free Stock Analysis Report To read this article on Zacks.com click here. Our Take Tetra Tech remains optimistic about its growth across all four client sectors namely U.S. federal, U.S. state and local, the U.S. commercial work and finally international. | 8d2be485-a7cf-44c2-b843-583889818246 |
709913.0 | 2018-02-25 00:00:00 UTC | Validea's Top Five Consumer Cyclical Stocks Based On Benjamin Graham - 2/25/2018 | DCI | https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-benjamin-graham-2252018-2018-02-25 | nan | nan | The following are the top rated Consumer Cyclical stocks according to Validea's 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.
COOPER TIRE & RUBBER CO ( CTB ) is a small-cap value stock in the Tires industry. The rating according to our strategy based on Benjamin Graham is 86% 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.
Company Description: Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia. The North America segment comprises its operations in the United States and Canada. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. The Latin America segment comprises its operations in Mexico, Central America, and South America. The European segment has operations in the United Kingdom and the Republic of Serbia. Its the United Kingdom entity manufactures and markets passenger car, light truck, motorcycle and racing tires and tire retread material. As of December 31, 2016, the Company operated nine manufacturing facilities and 20 distribution centers in 10 countries.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ACUITY BRANDS, INC. ( AYI ) is a mid-cap growth stock in the Furniture & Fixtures industry. The rating according to our strategy based on Benjamin Graham 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.
Company Description: Acuity Brands, Inc. is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications. The portfolio of lighting solutions include lighting products utilizing fluorescent, light emitting diode (LED), organic LED ( OLED ), high intensity discharge, metal halide, and incandescent light sources to illuminate a number of applications. The solutions portfolio of the Company also includes modular wiring, LED drivers, sensors, glass and inverters sold primarily to original equipment manufacturers (OEMs). Its lighting and building management solutions are marketed under various brand names, including Lithonia Lighting and Holophane.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
COLUMBIA SPORTSWEAR COMPANY ( COLM ) is a mid-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Benjamin Graham 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.
Company Description: Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada. The Company develops and manages its merchandise in categories, including apparel, accessories and equipment, and footwear. It distributes its products through a mix of wholesale distribution channels, its own direct-to-consumer channels (retail stores and e-commerce), independent distributors and licensees. As of December 31, 2016, its products were sold in approximately 90 countries. In 59 of those countries, it sells to independent distributors to whom it has granted distribution rights. Contract manufacturers located outside the United States manufacture all of its products.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Benjamin Graham 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.
Company Description: Donaldson Company, Inc. is a manufacturer of filtration systems and replacement parts. The Company's segments include Engine Products, Industrial Products and Corporate. The Company's products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands. The Engine Products segment sells its products to original equipment manufacturers (OEMs) in the construction, mining, agriculture, aerospace, defense and truck end-markets and to independent distributors, OEM dealer networks, private label accounts and large equipment fleets. The Industrial Products segment sells to various industrial dealers, distributors, OEMs of gas-fired turbines and OEMs and end users requiring clean air. Its products include dust, fume and mist collectors, compressed air purification systems, air filtration systems for gas turbines and polytetrafluoroethylene (PTFE) membrane-based products.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DAIMLER AG (DDAIF) is a large-cap value stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on Benjamin Graham 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.
Company Description: Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. The Mercedes-Benz Cars segment includes vehicles of the Mercedes-Benz brand, including the brands, Mercedes-AMG and Mercedes-Maybach, as well as the Mercedes me brand. The Daimler Trucks segment develops and produces vehicles under the brands, including Mercedes-Benz, Freightliner, Western Star, FUSO and BharatBenz. The Mercedes-Benz Vans segment is a supplier of a range of vans and associated services. The Daimler Buses segment sells completely built-up buses under brand names, including MercedesBenz and Setra. The Daimler Financial Services segment supports the sales of its automotive brands in approximately 40 countries around the world.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Benjamin Graham has returned 488.14% vs. 174.61% for the S&P 500. For more details on this strategy, click here
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.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. 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. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. The Company's segments include Engine Products, Industrial Products and Corporate. | a33482e6-5ce1-4ce8-853a-7f7e653af255 |
709914.0 | 2018-02-12 00:00:00 UTC | Donaldson Company, Inc. (DCI) Ex-Dividend Date Scheduled for February 13, 2018 | DCI | https://www.nasdaq.com/articles/donaldson-company-inc-dci-ex-dividend-date-scheduled-february-13-2018-2018-02-12 | nan | nan | Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on February 13, 2018. A cash dividend payment of $0.18 per share is scheduled to be paid on March 06, 2018. Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that DCI has paid the same dividend.
The previous trading day's last sale of DCI was $46.22, representing a -11.46% decrease from the 52 week high of $52.20 and a 10.81% increase over the 52 week low of $41.71.
DCI is a part of the Capital Goods sector, which includes companies such as CECO Environmental Corp. ( CECE ) and Perma-Pipe International Holdings, Inc. ( PPIH ). DCI's current earnings per share, an indicator of a company's profitability, is $1.77. Zacks Investment Research reports DCI's forecasted earnings growth in 2018 as 18.27%, compared to an industry average of 29.7%.
For more information on the declaration, record and payment dates, visit the DCI 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. | DCI is a part of the Capital Goods sector, which includes companies such as CECO Environmental Corp. ( CECE ) and Perma-Pipe International Holdings, Inc. ( PPIH ). Zacks Investment Research reports DCI's forecasted earnings growth in 2018 as 18.27%, compared to an industry average of 29.7%. For more information on the declaration, record and payment dates, visit the DCI Dividend History page. | Shareholders who purchased DCI 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. Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on February 13, 2018. | Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that DCI has paid the same dividend. For more information on the declaration, record and payment dates, visit the DCI Dividend History page. | Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on February 13, 2018. Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that DCI has paid the same dividend. | 3bad3294-9013-42fe-925a-9384e0f09827 |
709915.0 | 2018-02-05 00:00:00 UTC | What's in the Cards for iRobot (IRBT) This Earnings Season? | DCI | https://www.nasdaq.com/articles/whats-in-the-cards-for-irobot-irbt-this-earnings-season-2018-02-05 | nan | nan | iRobot CorporationIRBT is scheduled to report fourth-quarter 2017 results after the market closes on Feb 7.
iRobot delivered a positive average earnings surprise of 92.50%, over the preceding four quarters. Notably, its earnings in third-quarter fiscal 2017 came in at 60 cents, beating the Zacks Consensus Estimate of 44 cents.
What the Zacks Model Unveils?
Our proven model predicts that iRobot will likely report a positive surprise in the quarter under review, as it has the right combination of the two key ingredients.
Zacks ESP & Rank: iRobot has an Earnings ESP of +17.65% and also carries a favorable Zacks Rank #2 (Buy).
iRobot Corporation Price and EPS Surprise
iRobot Corporation Price and EPS Surprise | iRobot Corporation Quote
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
We only caution against stocks with a Zacks Ranks #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing a negative estimate revision momentum.
What's Driving the Better-Than-Expected Earnings?
iRobot believes solid demand for popular home robotic products such as Roomba 800, Roomba 900 and Braava jet will bolster its revenues in the to-be-reported quarter. Moreover, the company's marketing programs and launch of innovative products are anticipated to be conducive to revenue growth. Also, iRobot expects that the Robopolis acquisition (October 2017) will boost its European revenues in the quarters ahead. Notably, the company lifted its revenue guidance for 2017 from the $815-$825 million range to the $870-$880 million band (estimating a year-over-year increment of 33-34%).
The company also expects that improved top-line performance, discrete tax benefit and greater operational efficacy will widen its profitability.
Nonetheless, the company has revised its earnings view for 2017 to the $1.65-$2.00 per share range from the previous projection in the $1.80-$2.00 per share range.
Key Picks
Here are some stocks in the Zacks Categorized Industrial Products sector sector that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
Deere & Company DE , with an Earnings ESP of +1.56% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Acco Brands Corporation ACCO , with an Earnings ESP of +0.76% and a Zacks Rank #2.
Donaldson Company, Inc. DCI , with an Earnings ESP of +3.45% and a Zacks Rank #3 (Hold).
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Donaldson Company, Inc. (DCI): Free Stock Analysis Report
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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. | Donaldson Company, Inc. DCI , with an Earnings ESP of +3.45% and a Zacks Rank #3 (Hold). Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model predicts that iRobot will likely report a positive surprise in the quarter under review, as it has the right combination of the two key ingredients. | Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. DCI , with an Earnings ESP of +3.45% and a Zacks Rank #3 (Hold). iRobot Corporation Price and EPS Surprise iRobot Corporation Price and EPS Surprise | iRobot Corporation Quote You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter . | Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. DCI , with an Earnings ESP of +3.45% and a Zacks Rank #3 (Hold). iRobot Corporation Price and EPS Surprise iRobot Corporation Price and EPS Surprise | iRobot Corporation Quote You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter . | Donaldson Company, Inc. DCI , with an Earnings ESP of +3.45% and a Zacks Rank #3 (Hold). Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks ESP & Rank: iRobot has an Earnings ESP of +17.65% and also carries a favorable Zacks Rank #2 (Buy). | e837f7c1-b650-4b3f-9918-ae2ef79661e8 |
709916.0 | 2018-01-31 00:00:00 UTC | Waste Management Sees IBD RS Rating Climb To 72 | DCI | https://www.nasdaq.com/articles/waste-management-sees-ibd-rs-rating-climb-72-2018-01-31 | nan | nan | Waste Management ( WM ) had its Relative Strength ( RS ) Rating upgraded from 69 to 72 Wednesday -- a welcome improvement, but still below the 80 or better score you prefer to see.
[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they begin their largest runs. See if Waste Management can continue to show renewed price strength and clear that threshold.
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Waste Management has climbed more than 5% past a 74.68 entry in a first-stage flat base , meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Waste Management reported 7% earnings growth in its most recent report, while sales growth came in at 5%. Keep an eye out for the company's next round of numbers on or around Feb. 16.
The company holds the No. 2 rank among its peers in the Pollution-Control industry group. Donaldson ( DCI ) is the top-ranked stock within the group.
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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. | Donaldson ( DCI ) is the top-ranked stock within the group. Waste Management ( WM ) had its Relative Strength ( RS ) Rating upgraded from 69 to 72 Wednesday -- a welcome improvement, but still below the 80 or better score you prefer to see. History shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they begin their largest runs. | Donaldson ( DCI ) is the top-ranked stock within the group. Waste Management ( WM ) had its Relative Strength ( RS ) Rating upgraded from 69 to 72 Wednesday -- a welcome improvement, but still below the 80 or better score you prefer to see. IBD Stock Rating Upgrades: Rising Relative Strength Why Should You Use IBD's Relative Strength Rating? | Donaldson ( DCI ) is the top-ranked stock within the group. Waste Management ( WM ) had its Relative Strength ( RS ) Rating upgraded from 69 to 72 Wednesday -- a welcome improvement, but still below the 80 or better score you prefer to see. IBD Stock Rating Upgrades: Rising Relative Strength Why Should You Use IBD's Relative Strength Rating? | Donaldson ( DCI ) is the top-ranked stock within the group. Waste Management ( WM ) had its Relative Strength ( RS ) Rating upgraded from 69 to 72 Wednesday -- a welcome improvement, but still below the 80 or better score you prefer to see. IBD Stock Rating Upgrades: Rising Relative Strength Why Should You Use IBD's Relative Strength Rating? | fc735c00-fc97-4dfc-9905-3f9ce9e6c001 |
709917.0 | 2018-01-30 00:00:00 UTC | What's in the Cards for Xylem (XYL) This Earnings Season? | DCI | https://www.nasdaq.com/articles/whats-in-the-cards-for-xylem-xyl-this-earnings-season-2018-01-30 | nan | nan | Xylem Inc.XYL is slated to report fourth-quarter 2017 results before the opening bell on Feb 1.
The company pulled off an average positive earnings surprise of 0.37% over the last four quarters. Notably, Xylem's adjusted earnings per share in third-quarter 2017 came in at 65 cents per share, beating the Zacks Consensus Estimate by a penny.
Our proven model predicts that Xylem will likely report a positive surprise in the quarter under review, as it has the right combination of the two key ingredients.
Zacks ESP & Rank: Xylem has an Earnings ESP of +1.65% and also carries a favorable Zacks Rank #3 (Hold).
Xylem Inc. Price and EPS Surprise
Xylem Inc. Price and EPS Surprise | Xylem Inc. Quote
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
We only caution against stocks with Zacks Ranks #4 and #5 (Sell rated) going into the earnings announcement, especially when the company is seeing a negative estimate revision momentum.
What's Driving the Better-Than-Expected Earnings?
Xylem believes elevated commercial and residential end-market's demand will bolster revenues of its Applied Water segment in the quarters ahead. Moreover, the new investments made in sales teams and energy efficient products will likely strengthen the segment's near-term performance. The Zacks Consensus Estimate for revenues from Xylem's Applied Water segment is currently pegged at $383 million for fourth-quarter 2017, higher than $354 million recorded in the prior quarter.
The company expects that elevated infrastructure spending of the government authorities in developing countries (like India) and solid demand for state-of-the-art water solutions are anticipated to boost the top-line results of Xylem's Water Infrastructure segment. The Zacks Consensus Estimates for revenues for this segment is pegged at $577 million for the to-be-reported quarter, higher than $520 million recorded in the previous quarter.
Moreover, improved environmental monitoring and smart electric businesses will likely reinforce Xylem's analytics arm and thereby boost the aggregate sales of Xylem's Measurement & Control Solution segment.
Xylem anticipates to generate revenues of $4.7 billion for 2017 (estimating year-over-year growth of 24-25%). Notably, the company estimates organic revenues to be up in the range of 3-4% in the quarter under review.
The company also firmly believes stellar top-line performance, improved productivity and greater cost discipline will bolster its bottom-line results in the quarters ahead. Notably, it anticipates to secure $130 million of cost savings for full-year 2017 (predicting year-over-year increment of 10%). The company projects to report adjusted earnings in the band of $2.39-$2.41 per share for 2017, higher than the previously estimated view of $2.30-$2.40 per share.
Key Picks
Here are some stocks in the Zacks Categorized Industrial Products Sector that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
Deere & Company DE , with an Earnings ESP of +3.29% and a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Graphic Packaging Holding Company GPK , with an Earnings ESP of +0.52% and a Zacks Rank #2.
Donaldson Company, Inc. DCI , with an Earnings ESP of +3.45% and a Zacks Rank #3.
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Graphic Packaging Holding Company (GPK): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Xylem Inc. (XYL): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
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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. | Donaldson Company, Inc. DCI , with an Earnings ESP of +3.45% and a Zacks Rank #3. Click to get this free report Graphic Packaging Holding Company (GPK): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Xylem Inc. (XYL): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Xylem believes elevated commercial and residential end-market's demand will bolster revenues of its Applied Water segment in the quarters ahead. | Click to get this free report Graphic Packaging Holding Company (GPK): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Xylem Inc. (XYL): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. DCI , with an Earnings ESP of +3.45% and a Zacks Rank #3. Xylem Inc. Price and EPS Surprise Xylem Inc. Price and EPS Surprise | Xylem Inc. Quote You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter . | Click to get this free report Graphic Packaging Holding Company (GPK): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Xylem Inc. (XYL): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. DCI , with an Earnings ESP of +3.45% and a Zacks Rank #3. Xylem Inc. Price and EPS Surprise Xylem Inc. Price and EPS Surprise | Xylem Inc. Quote You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter . | Donaldson Company, Inc. DCI , with an Earnings ESP of +3.45% and a Zacks Rank #3. Click to get this free report Graphic Packaging Holding Company (GPK): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Xylem Inc. (XYL): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for revenues from Xylem's Applied Water segment is currently pegged at $383 million for fourth-quarter 2017, higher than $354 million recorded in the prior quarter. | 3be4fcdd-7b5e-4845-9da8-909a402fc76b |
709918.0 | 2018-01-24 00:00:00 UTC | Factors That Are Likely to Impact Dover's (DOV) Q4 Earnings | DCI | https://www.nasdaq.com/articles/factors-that-are-likely-to-impact-dovers-dov-q4-earnings-2018-01-24 | nan | nan | Dover CorporationDOV is slated to report fourth-quarter earnings results on Jan 30, before the opening bell. Dover is expected to report year-over-year growth in both its top and bottom lines, as per our projections. The strong bookings trends, along with consistent rig count additions and higher-than-expected well completions, have poised the company for a stellar fourth quarter. Moreover, solid outlook for Dover's Engineered Systems and Fluid segments will drive the quarter's performance.
In third-quarter 2017, Dover reported adjusted earnings per share of $1.16, which surged 40% year over year. Total revenues increased 17% year over year to $2 billion in the quarter backed by acquisitions, organic growth and favorable impact from foreign, partly offset by an impact from dispositions. The company beat the Zacks Consensus Estimate on both counts.
Shares of Dover have gained 25.3% in the past six months, outperforming the industry 's growth of 18.0%.
However, despite the company beating the Zacks Consensus Estimate for earnings in three of the trailing four quarters, it has an average negative earnings surprise history of 1.22%.
Dover Corporation Price and EPS Surprise
Dover Corporation Price and EPS Surprise | Dover Corporation Quote
Let's delve deeper and take a look at factors that might influence the fourth-quarter results.
Factors at Play
The Energy segment grew sequentially for the fifth consecutive quarter in third quarter-2017, delivering year-over-year growth for the third straight quarter. We believe this feat will be repeated in the fourth quarter given that the Zacks Consensus Estimate for revenues of $649 million for the segment displays a sequential increase of 0.5% and year-over-year growth of 4%. Revenue growth continues to be driven by significant improvement in early-cycle oil and gas fundamentals, particularly U.S. rig count and well completions. The Zacks Consensus Estimate for the segment's operating earnings is pegged at $54 million, a 75% projected increase year over year.
In the Engineered Systems segment, Dover's Printing & Identification platform will consistently deliver solid performance, backed by continued strong growth in digital printing and solid activity in marking and coding markets. The estimate for the segment's revenues for the fourth quarter is pegged at $649 million, a 4% projected year-over-year growth. The segment's operating earnings is projected at $102 million, a 5% annual growth.
The Zacks Consensus Estimate for revenues for Dover's Refrigeration and Food Equipment segment is pegged at $363 million, a 3% year-over-year decline. Results in the segment remain affected by persistent softness in the commercial cooking equipment markets. The segment's earnings will fall 65% year over year to $41.6 million, as projected by the Zacks Consensus model, due to the decline in sales as well as higher raw material costs.
For the Fluids segment, the Zacks Consensus Estimate for revenues is pegged at $622 million, a projected 29% year-over-year rise on acquisition growth. The retail fueling integration continues to be on track and the segment continues to witness strong sequential margin improvement. The Zacks Consensus Estimate for the segment's operating earnings is $90 million, a substantial improvement of 160% year over year and a 3% sequential rise.
Dover's bookings at the end of the third quarter were worth $1.94 billion, up 15% year over year. Backlog increased 18% to $1.27 billion at the end of the reported quarter. Backed by strong bookings growth, the company is poised for a solid fourth quarter. The Zacks Consensus Estimate for revenues for Dover is at $1.99 billion, a 12% year-over-year growth.
Based on the latest Zacks Consensus Estimate, we expect Dover to report earnings of $1.04 per share in the fourth quarter. This would mark growth of 37% from the 76 cents per share posted in the year-ago quarter.
Currently, Dover carries a Zacks Rank #3 (Hold).
Stocks Worth Considering
Here are a few industrial products stocks worth considering as they have the right combination of elements to post an earnings beat this quarter.
Deere & Company DE has an Earnings ESP of +3.29% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Deere's shares have surged 56% in the past year.
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
iRobot Corporation IRBT has an Earnings ESP of +17.65% and a Zacks Rank #1. Its shares have gone up 47% in a year's time.
The Earnings ESP for Donaldson Company, Inc. DCI is +3.45%. It carries a Zacks Rank #2 (Buy). Shares of Donaldson Company have gone up 18% in a year's time.
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Donaldson Company, Inc. (DCI): Free Stock Analysis Report
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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. | The Earnings ESP for Donaldson Company, Inc. DCI is +3.45%. Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Dover Corporation (DOV): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The strong bookings trends, along with consistent rig count additions and higher-than-expected well completions, have poised the company for a stellar fourth quarter. | Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Dover Corporation (DOV): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The Earnings ESP for Donaldson Company, Inc. DCI is +3.45%. Dover Corporation Price and EPS Surprise Dover Corporation Price and EPS Surprise | Dover Corporation Quote Let's delve deeper and take a look at factors that might influence the fourth-quarter results. | Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Dover Corporation (DOV): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The Earnings ESP for Donaldson Company, Inc. DCI is +3.45%. The Zacks Consensus Estimate for the segment's operating earnings is pegged at $54 million, a 75% projected increase year over year. | The Earnings ESP for Donaldson Company, Inc. DCI is +3.45%. Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Dover Corporation (DOV): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Dover's bookings at the end of the third quarter were worth $1.94 billion, up 15% year over year. | 43a09680-efa5-4761-ab95-28f6c1ea7cd2 |
709919.0 | 2018-01-22 00:00:00 UTC | 3 Low-Key Artificial Intelligence Stocks You Shouldn’t Miss | DCI | https://www.nasdaq.com/articles/3-low-key-artificial-intelligence-stocks-you-shouldnt-miss-2018-01-22 | nan | nan | You will be spoiled for choice when looking for stocks to take advantage of the booming artificial intelligence (AI) market. Almost all the well-known tech giants -- including NVIDIA , Intel , Amazon , Alphabet , and many others -- are betting big on this fast-growing field, as they don't want to miss out on an opportunity that could be worth a total of almost $60 billion by 2025.
But these aren't the only ways to take advantage of this space. Lesser-known stocks like Xilinx (NASDAQ: XLNX) , Ciena (NYSE: CIEN) , and CEVA (NASDAQ: CEVA) could win big from the AI revolution. Here's how.
Xilinx
Xilinx makes programmable logic devices used across several growth segments such as data centers, automotive, and industrial. One class of its programmable logic devices, known as field-programmable gate arrays (FPGAs), has been gaining tremendous traction of late because it can train deep-learning models for artificial intelligence applications in data centers.
It is commonly believed that graphics processing units (GPUs) from vendors like NVIDIA are best suited for training deep-learning models in the cloud since they have massive computing power. FPGAs, however, are considered better than GPUs for certain applications.
For instance, Xilinx's FPGAs deliver more performance for each watt of power consumption as compared to GPUs. This makes them ideal for deployment in large-scale data centers where energy savings are important. Moreover, the programmability of FPGAs allows them to be optimized for carrying out different varieties of workloads, something that isn't possible for a GPU.
Because Xilinx's FPGAs can accelerate the workload in a data center while consuming less power, they are being adopted by big cloud-computing players. Huawei , for instance, recently announced a cloud server platform for North America based on Xilinx's FPGAs. Huawei claims that this FPGA-enabled platform can speed up the computation of intensive cloud applications by 10 to 100 times for machine learning and video processing, among others.
This isn't Xilinx's only win in the cloud computing space -- Alibaba and Amazon have already selected its FPGAs to accelerate their cloud services. Moreover, FPGA adoption in data centers is expected to exceed the growth of GPUs and central processing units (CPUs), according to Allied Market Research.
Xilinx is in the running to take advantage of the rapidly growing AI chip market that could be worth $11.1 billion in 2023 as compared to just $661 million in 2016. More importantly, Xilinx could carve out a sizeable share of this market since it has established a clear lead over its nearest rival -- Intel -- in the FPGA space with a 59% market share.
Ciena
Ciena sells fiber-optic communication equipment. Its clients include telecom carriers and cable companies, which use Ciena's equipment to enhance connectivity speeds. The company operates in a tough industry where the competition is stiff and business is driven by the spending budgets of its clients.
For instance, Ciena's rival Infinera has been experiencing curtailed demand from its clients for its multiplexing equipment, which allows carriers to enhance network capacity without laying additional optical fiber networks. Instead, optical fiber networking clients have diverted their spending toward data center interconnection (DCI) equipment, which allows two or more data centers to share resources and workloads so they can be scaled up as required.
Demand for this DCI equipment is expected to increase at an annual pace of 10% over the next six years to an anticipated $6.4 billion in 2023. This isn't surprising as DCI will play an important role in tackling fast-growing data traffic and meeting increased cloud computing demand.
Ciena is looking to take the lead in this market with its WaveLogic Ai modem that's aimed at making networks more intelligent and flexible as needed. According to Ciena, WaveLogic Ai is an intelligent, autonomous, and self-driven networking chip that can be used by network operators and cloud service providers of all sizes to scale channel capacity while controlling costs.
A cloud service provider can deploy the WaveLogic Ai chip for both short-reach metro connections, which are used for short-distance data transmission, as well as submarine networks that cover thousands of miles. The intelligent chip will automatically decide the capacity required to transmit the data through the optical network, scaling the network as needed so that the remaining network capacity doesn't go waste, and can be used by either Ciena or third parties.
Ciena expects that sales of this WaveLogic Ai chip will grow substantially in 2018, and it should help the company maintain its leading position in the growing DCI market.
CEVA
CEVA is an intellectual property (IP) vendor known for licensing its digital signal processors (DSPs) to larger chipmakers. The company licenses DSPs for several applications like imaging and computer vision, connectivity, audio, voice, speech, AI, and deep learning. Within the AI and deep-learning space, CEVA is focusing on fast-growing markets like automotive, augmented reality, and smart homes, among others.
The company also licenses its deep neural network frameworks to chipmakers for enabling AI applications in their devices. Apple , for instance, is reportedly using CEVA technology to power the much-hyped Neural Engine inside the new iPhone's A11 Bionic processor, as reported by Charlie Demerjian of the technology news site SemiAccurate .
The financial gains of this supposed partnership will only become evident when CEVA reports its next set of quarterly results on Feb. 6. If the company has indeed licensed its intellectual property to Apple, its royalty revenue from audio, imaging, and vision products should increase, as pointed out by Fool.com's Ashraf Eassa.
CEVA's potential win at Apple could be a sign of bigger things to come for the company. It's likely that Apple has decided not to use Qualcomm 's DSPs because of its feud with the chipmaker , so CEVA could be a long-term beneficiary. More importantly, CEVA has a pretty huge list of licensees that use its designs. The company includes the likes of Cypress , Intel, Broadcom , among many others, as its publicly announced licensees.
The semiconductor IP market could be worth $6 billion in 2023, according to Markets and Markets. CEVA provides chips for the AI space, so it has put itself in a strong position to take advantage of this multibillion-dollar opportunity.
CEVA has generated $87 million in revenue over the past four quarters, and it is growing at a terrific pace. Last quarter, its revenue jumped almost 35% year over year, boosting its earnings by 72.7%. So investors should definitely watch this chip licensing play.
The Foolish takeaway
Xilinx, Ciena, and CEVA are taking advantage of AI in different ways. More importantly, they are being successful to different degrees with the help of this emerging technology. Investors shouldn't expect quick gains and should remain patient, as the AI chip market is still in its early phases, but these three companies are well positioned to take advantage.
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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. | Instead, optical fiber networking clients have diverted their spending toward data center interconnection (DCI) equipment, which allows two or more data centers to share resources and workloads so they can be scaled up as required. Demand for this DCI equipment is expected to increase at an annual pace of 10% over the next six years to an anticipated $6.4 billion in 2023. This isn't surprising as DCI will play an important role in tackling fast-growing data traffic and meeting increased cloud computing demand. | Instead, optical fiber networking clients have diverted their spending toward data center interconnection (DCI) equipment, which allows two or more data centers to share resources and workloads so they can be scaled up as required. Demand for this DCI equipment is expected to increase at an annual pace of 10% over the next six years to an anticipated $6.4 billion in 2023. This isn't surprising as DCI will play an important role in tackling fast-growing data traffic and meeting increased cloud computing demand. | Ciena expects that sales of this WaveLogic Ai chip will grow substantially in 2018, and it should help the company maintain its leading position in the growing DCI market. Instead, optical fiber networking clients have diverted their spending toward data center interconnection (DCI) equipment, which allows two or more data centers to share resources and workloads so they can be scaled up as required. Demand for this DCI equipment is expected to increase at an annual pace of 10% over the next six years to an anticipated $6.4 billion in 2023. | Instead, optical fiber networking clients have diverted their spending toward data center interconnection (DCI) equipment, which allows two or more data centers to share resources and workloads so they can be scaled up as required. Demand for this DCI equipment is expected to increase at an annual pace of 10% over the next six years to an anticipated $6.4 billion in 2023. This isn't surprising as DCI will play an important role in tackling fast-growing data traffic and meeting increased cloud computing demand. | 5202a302-2b09-4d68-9064-73cf8d383758 |
709920.0 | 2018-01-22 00:00:00 UTC | Will Improving End-Markets Aid Caterpillar's Q4 Earnings? | DCI | https://www.nasdaq.com/articles/will-improving-end-markets-aid-caterpillars-q4-earnings-2018-01-22 | nan | nan | Caterpillar Inc.CAT is slated to report fourth-quarter 2017 results on Jan 25 before the opening bell. Notably, the company has outpaced earnings and revenue estimates in all the three quarters of 2017. After suffering a 36% drop in earnings in fiscal 2016 due to weak end-user demand in most of the industries it serves, Caterpillar has delivered continuous improvement over the course of 2017. This turnaround can be attributed to a continued improvement in the construction sector, pickup in Resource Industries as well as its disciplined cost-control efforts. Consequently, investors are keen to know whether Caterpillar will deliver fourth consecutive quarter of both top and bottom-line growth in the to-be-reported quarter.
Given impressive results, Caterpillar's share price has outperformed the industry in the past year. The shares gained 80.4%, ahead of the industry's growth of 78.3%. An earnings beat will help the company sustain the price momentum.
Looking at the upbeat estimates for the both earnings and revenues for the fourth quarter, it seems likely that the company will deliver improved year-over-year earnings on both metrics. This is also supported by strong fourth-quarter projections for its segments - Machinery, Energy & Transportation which garners a major chunk of revenues and earnings. Notably, performance will be driven by both the Construction and Resource Industries segments.
Let's delve deeper and take a look at factors that might influence the fourth-quarter results.
Segments Poised to Deliver Top-Line Growth
Per the Zacks Consensus Estimate, the Machinery, Energy & Transportation segment, which contributed approximately 94% of total revenues in third-quarter 2017, is expected to log year-over-year growth of 26% to $11.2 billion in the fourth quarter. We believe the company will witness growth in all its segments - Construction Industries, Resource Industries, Energy & Transportation.
The Zacks Consensus Estimate for total sales of $12.01 billion for the fourth quarter indicates 25.5% growth from the prior-year quarter.
Caterpillar, Inc. Price and EPS Surprise
Caterpillar, Inc. Price and EPS Surprise | Caterpillar, Inc. Quote
The construction sector has been on an uptrend lately as evident from its leading indicators. The U.S. Architecture Billings Index (ABI), an economic indicator that provides an approximately nine to 12 month glimpse into the future of non-residential construction spending activity, has been at 50 or better recently, signaling robust conditions for the construction industry. Construction sales in Asia Pacific have shown resilience primarily owing to increased infrastructure and residential investment in China.
Caterpillar's Resource Industries' performance has also picked up lately. Sales are being driven by continued strong demand for aftermarket parts. Further, increased capital investments by mining customers also bode well. Per the Zacks Consensus Estimate, Resource Industries is also anticipated to witness expansion in the third quarter with 47% projected growth to $2.1 billion.
The Engine & Transportation is gaining on the back of higher sales across all applications. New engines and aftermarket sales for various industrial applications have also increased across the board. Strength in onshore North America oil and gas will drive results. Transportation is expected to grow, as higher rail traffic has propped up demand for rail services. The Zacks Consensus Estimates for the segment's revenues is at $4.5 billion, projecting 16% year-over-year growth.
Cost Control to Sustain the Bottom Line
In September 2015, Caterpillar set upon significant restructuring and cost reduction initiative, with actions expected through 2018. Once fully implemented, the plan would lower annual operating costs by about $1.5 billion. In fourth-quarter 2017, revenue growth along with cost reduction will lead to an improved bottom-line as well. The Zacks Consensus Estimate for Profit before Taxes for the Machinery, Energy & Transportation segment is pegged at $1.2 billion, a reversal from its year ago loss of $1.5 billion.
This will be driven by an impressive 164% rise in the Construction segment's operating profit. Further, the Resource Industries segment will report an operating profit of $194 million in contrast to the operating loss of $711 million reported in fourth-quarter 2016. The Energy & Transportation segment is expected to report operating profit of $842 million, a 32% rise from the prior-year quarter.
Further, the Zacks Consensus Estimate for earnings of $1.77 for the fourth quarter reflects an improvement of 113.3% on a year-over-year basis.
Here is what our quantitative model predicts:
Caterpillar has the right combination of two main ingredients - a positive Earnings ESP and Zacks Rank #3 (Hold) or higher - which shows that it is likely to beat earnings in the to-be-reported quarter.
Zacks ESP: The Earnings ESP for Caterpillar is +6.22%. This is because the Most Accurate estimate of $1.88 is above the Zacks Consensus Estimate of $1.77. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Caterpillar carries a Zacks Rank #2 (Buy), which combined with a positive ESP makes us reasonably confident of a positive earnings surprise.
Other Stocks Worth a Look
Here are a few industrial products stocks worth considering as they have the right combination of elements to post an earnings beat this quarter.
Deere & Company DE has an Earnings ESP of +2.65% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Deere's shares have surged 59% in the past year.
The Earnings ESP for Donaldson Company, Inc. DCI is +9.09%. It carries a Zacks Rank #2. Shares of Donaldson Company have gone up 25% in a year's time.
iRobot Corporation IRBT has an Earnings ESP of +20.00% and a Zacks Rank #2. Its shares have gone up 49% in a year's time.
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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. | The Earnings ESP for Donaldson Company, Inc. DCI is +9.09%. Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. After suffering a 36% drop in earnings in fiscal 2016 due to weak end-user demand in most of the industries it serves, Caterpillar has delivered continuous improvement over the course of 2017. | Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The Earnings ESP for Donaldson Company, Inc. DCI is +9.09%. Segments Poised to Deliver Top-Line Growth Per the Zacks Consensus Estimate, the Machinery, Energy & Transportation segment, which contributed approximately 94% of total revenues in third-quarter 2017, is expected to log year-over-year growth of 26% to $11.2 billion in the fourth quarter. | Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The Earnings ESP for Donaldson Company, Inc. DCI is +9.09%. Segments Poised to Deliver Top-Line Growth Per the Zacks Consensus Estimate, the Machinery, Energy & Transportation segment, which contributed approximately 94% of total revenues in third-quarter 2017, is expected to log year-over-year growth of 26% to $11.2 billion in the fourth quarter. | The Earnings ESP for Donaldson Company, Inc. DCI is +9.09%. Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Given impressive results, Caterpillar's share price has outperformed the industry in the past year. | 6f1a5165-23b5-4eb8-ba0d-6af9d7c75c5f |
709921.0 | 2018-01-18 00:00:00 UTC | Emerson (EMR) Closes Buyout of Software Supplier, ProSys | DCI | https://www.nasdaq.com/articles/emerson-emr-closes-buyout-of-software-supplier-prosys-2018-01-18 | nan | nan | Emerson Electric Co.EMR recently acquired ProSys, a global supplier of software and services that facilitates increased production and safety for chemical, pulp & paper, oil & gas, as well as refining industries. ProSys' unique technologies and proficiency will enable Emerson to aid customers in improving plant performance, safety and profitability by optimizing human as well as automation resources.
Acquisition Rationale
The acquisition complements Emerson's buyout of MYNAH Technologies in May 2017. ProSys' portfolio consists of solutions that aid management of alarms crucial to plant production, as well as handling changing plant states.
ProSys' software portfolio supports Emerson's Operational Certainty program, which allows industrial companies to realize Top Quartile performance in areas such as safety, reliability as well as production. ProSys' technologies, when combined with Emerson's added expertise will enable operators to navigate plant systems safely and efficiently. This will also allow customers to accommodate the changing state and age of the industrial workforce.
Our Take
Emerson has been executing restructuring activities since 2015 to drive efficiency and growth. The company has taken a series of concerted efforts to develop a better brand with significant customer focus. It has also devised cost cutting and divestment plans to unlock greater benefits in the coming quarters. All of its segments garnered significant savings from restructuring actions. Notably, this Zacks Rank #3 (Hold) company has returned 22.1% in the past six months, outperforming the industry 's average gain of 11.6%.
The company's ardent eye for acquisitions is anticipated to be conducive to core business. The company is on a constant lookout for small bolt-on and strategic acquisitions to restore sales, up to $20 billion and cash flow back to over $3.2 billion, over a span of next five years. Recently, the company completed the buyout of Pentair Valves & Controls and a business unit of Pentair plc. Further, the company expanded global capabilities in fresh food monitoring, with the acquisitions of Locus Traxx and PakSense. We believe such strategic buyouts will supplement the top-line performance, going forward. This apart, the company's diligent efforts for launching new products and technologies helps it to gain a competitive advantage over peers.
However, the fact remains that, prolonged softness in the oil and gas markets has affected both capital spending and operational expenditure of clients, which in turn are hurting Emerson's operations. Moreover, the company's operations have been suffering as a result of slow spending in general industrial markets. This has affected its order rates across the related segments, consequently pulling down the company's top line.
Stocks to Consider
Some better-ranked stocks from the same space include Deere & Company DE , Barnes Group, Inc. B and Donaldson Company, Inc. DCI . While Deere & Company sports a Zacks Rank #1 (Strong Buy), Barnes Group and Donaldson Company carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 19.5%.
Barnes Group has outpaced estimates thrice in the preceding four quarters, with an average earnings surprise of 9.0%.
Donaldson Company has surpassed estimates thrice in the preceding four quarters, with an average positive earnings surprise of 5.2%.
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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. | Stocks to Consider Some better-ranked stocks from the same space include Deere & Company DE , Barnes Group, Inc. B and Donaldson Company, Inc. DCI . Click to get this free report Emerson Electric Company (EMR): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Emerson Electric Co.EMR recently acquired ProSys, a global supplier of software and services that facilitates increased production and safety for chemical, pulp & paper, oil & gas, as well as refining industries. | Stocks to Consider Some better-ranked stocks from the same space include Deere & Company DE , Barnes Group, Inc. B and Donaldson Company, Inc. DCI . Click to get this free report Emerson Electric Company (EMR): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. While Deere & Company sports a Zacks Rank #1 (Strong Buy), Barnes Group and Donaldson Company carry a Zacks Rank #2 (Buy). | Stocks to Consider Some better-ranked stocks from the same space include Deere & Company DE , Barnes Group, Inc. B and Donaldson Company, Inc. DCI . Click to get this free report Emerson Electric Company (EMR): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. While Deere & Company sports a Zacks Rank #1 (Strong Buy), Barnes Group and Donaldson Company carry a Zacks Rank #2 (Buy). | Stocks to Consider Some better-ranked stocks from the same space include Deere & Company DE , Barnes Group, Inc. B and Donaldson Company, Inc. DCI . Click to get this free report Emerson Electric Company (EMR): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Acquisition Rationale The acquisition complements Emerson's buyout of MYNAH Technologies in May 2017. | 4f2449fe-6dfb-48b1-9d84-3b3a022a70ab |
709922.0 | 2018-01-09 00:00:00 UTC | Caterpillar at All-Time High, Spotlight on Industrial Stocks | DCI | https://www.nasdaq.com/articles/caterpillar-at-all-time-high-spotlight-on-industrial-stocks-2018-01-09 | nan | nan | Caterpillar Inc.CAT touched an all-time high of $166.43 on Jan 8, before settling a tad lower at $166.03, but logging a jump of 3% in the day. The rise was triggered by an upgrade from JP Morgan, stating that the company has another solid year ahead in light of the Republican tax legislation, as quoted on a CNBC.Com article.
Rationale Behind the Upgrade
Per the firm, there is significant upside to the stock and expects it to close at $200 in 2018 - a prospect of 20% rise from current levels. With the Congress' passing the Tax Cuts and Jobs Act, it will lead to lower tax rates for Caterpillar, which in turn should translate to "higher through-cycle free cash flow." Further, per the firm, the global economy has entered into a "10-year upcycle" in commodities. Caterpillar has nine more years to benefit from the cycle.
Stellar Price Performance in the Past Year
This peak in share price is not an isolated event and the improvement has been gradual for Caterpillar over the past year. A look at the company's price chart reveals that it put up a stellar performance, marching ahead of both the industry and S&P 500. Shares have notched a gain of 76.5%, while the industry registered growth of 74.6% and the S&P 500 advanced 18.2%. In fact, Caterpillar was the top five performing stocks in Dow Jones industrial average in 2017.
The company, which suffered 36% drop in earnings in fiscal 2016 affected by weak end-user demand in most of the industries it serves, including construction, oil and gas, mining and rail - has successfully delivered a turnaround in 2017.
What Turned the Tables For Caterpillar?
Caterpillar's share price has witnessed an uptrend since the victory of President Trump as the company is touted to be one of the biggest beneficiaries from Trump's plans of infrastructure spending. Moreover, thanks to its incessant efforts to cut down costs and the strength in the Asia Pacific region, Caterpillar reported year-over-year improvement in both top and bottom-line in the first quarter of 2017 - the first time in 10 quarters. The momentum continued in the next two quarters as well.
Better Performance Ahead
For the fourth quarter of 2017, the Zacks Consensus Estimate for earnings projects a year-over-year growth of 108.4% and revenues of 25.0%. Consequently, Caterpillar is set to deliver fourth consecutive quarter of both top and bottom-line growth. The Zacks Consensus Estimate for the fourth quarter for earnings and revenues are pegged at $1.73 billion and $11.97 billion, respectively.
Caterpillar has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 53.06%. Our proven model shows that the company is likely to beat earnings in the next quarter as well, as it has the right combination of two key ingredients - a positive Earnings ESP of 4.82% and a Zacks Rank #2 (Buy). A positive ESP serves as a meaningful and leading indicator of a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
The Zacks Consensus Estimate for 2017 and 2018 reflect healthy growth of 88.9% and 20.8%, respectively. Estimates for Caterpillar have moved up in the past 30 days, reflecting the optimistic outlook of analysts. The earnings estimate for 2017 has surged 23% while that of 2018 has moved up 16%, in the past 90 days. The stock has an estimated long-term earnings growth rate of 10.3%.
Industrial Stocks Well Poised for Growth
Commodities have rebounded, boosting demand for heavy mining equipment which bodes well for companies like Caterpillar. Further, construction activity has shown considerable improvement in North America as well as Asia Pacific, including China.
The company's stellar run and growth prospects have brought back the spotlight on industrial stocks. Caterpillar's performance instills optimism as it has long been considered as a bellwether of the global manufacturing industry and the world economy owing to the size and scope of operations. The company falls under the industrial products sector. This sector has been outperforming the S&P 500 market in recent times. In the past year, the sector has gained around 27.0%, above the S&P 500's growth of 18.2%.
We believe that implementation of Trump administration's growth policies, especially the proposed $1 trillion spending on infrastructure improvement, will be a boon for industrial stocks. Further, manufacturing is likely to get a boost this year from $1.5 trillion tax cut approved by the Republican-controlled U.S. Congress. The overhaul of the tax code resulted in the slashing of the corporate income tax rate to 21% from 35%.
Notably, the Industrial Products sector put up 19.6% growth in earnings in the third quarter of 2017 and 22.1% growth in earnings is projected for the fourth quarter of 2017. The sector is expected to deliver double-digit growth in all the quarters of 2018. Per our projections, the sector will log growth of 14% in the first quarter of 2018, followed by 13.4%, 10% and 13.1% in the second, third and fourth quarters, respectively. (Read more: Q4 Earnings Season Gets Underway )
Consequently, we suggest you to stay invested in the sector to reap the benefits of healthy prospects ahead. Apart from Caterpillar, which is good investment currently given its Zacks Rank #2 and factors mentioned above, we suggest few other stocks in the sector.
To zero in on stocks that are winning currently and have the potential to gain further, we have opted for one of the relatively new investment techniques, by betting on stocks near a 52-week high. The 52-week investment strategy relies on the new investment mantra, "buy high and sell higher."
Other Stocks That Fit the Bill
Given their positive earnings revisions, we believe these four industrial stocks, all of which are near their 52-week highs, will continue moving north for now. The stocks carry a Zacks Rank #1 (Strong Buy) or 2, and have a VGM Score of A or B. You can see the complete list of today's Zacks #1 Rank stocks here . Notably, our research shows that stocks with an impressive VGM Score of A or B when combined with a Zacks Rank 1 or 2, offer the best upside potential.
Deere & CompanyDE manufactures and distributes agriculture and turf, along with construction and forestry equipment worldwide. The company has a Zacks Rank #1 and VGM Score of A. The long-term expected earnings growth rate for Deere is 8.20%. It has outpaced the Zacks Consensus Estimate in the trailing four quarters, generating a positive average earnings surprise of 19.5%.
The estimate for fiscal 2017 climbed 15% in the past 60 days and moved north 22% for fiscal 2018. The stock has gained 53% in the past year. The stock closed at $161.11, trading near its 52-week high of $161.68.
Kennametal Inc.KMT is a manufacturer, marketer and distributor of high-speed metal cutting tools, tooling systems and wear-resistant parts. The stock has a Zacks Rank #2 and VGM Score of B. The company has a long-term earnings growth rate of 8.33%. The earnings estimates for the company have gone up 14% for fiscal 2018 and 9% for fiscal 2019, in the past 90 days.
The company also has an impressive earnings surprise history, beating the Zacks Consensus Estimate in the trailing four quarters, with an average positive earnings surprise of 20.56%. Its shares have surged 59% in the past year. The stock closed at $50.29 yesterday, near its 52-week high of $51.07.
Atlas Copco ABATLKY is a world leading provider of industrial productivity solutions. It has a Zacks Rank #2 and a VGM Score of B. The company has a long-term earnings growth rate of 12.50%. It has a positive average earnings surprise of 9.89% in the trailing four quarters. The Zacks Consensus Estimate for earnings has gone up 2% for 2017 and 3% for 2018, in the past 60 days. The stock has gained 45% over the past year to close at $45.79 yesterday, close to its 52-week high of $45.85.
Donaldson Company, Inc.DCI manufactures and sells filtration systems and replacement parts worldwide. It has a Zacks Rank #2 and VGM Score of B. The company has a long-term earnings growth rate of 11.08%. The company has a positive average earnings surprise of 5.23% in the trailing four quarters. The earnings estimate for fiscal 2018 has moved up 6% while that of fiscal 2018 has advanced 7% in the past 60 days. Its shares have surged 45% in the past year. The stock closed at $49.81 yesterday, near its 52-week high of $50.10.
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Kennametal Inc. (KMT): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Atlas Copco AB (ATLKY): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
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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. | Donaldson Company, Inc.DCI manufactures and sells filtration systems and replacement parts worldwide. Click to get this free report Kennametal Inc. (KMT): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Atlas Copco AB (ATLKY): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The rise was triggered by an upgrade from JP Morgan, stating that the company has another solid year ahead in light of the Republican tax legislation, as quoted on a CNBC.Com article. | Click to get this free report Kennametal Inc. (KMT): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Atlas Copco AB (ATLKY): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.DCI manufactures and sells filtration systems and replacement parts worldwide. Caterpillar has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 53.06%. | Click to get this free report Kennametal Inc. (KMT): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Atlas Copco AB (ATLKY): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.DCI manufactures and sells filtration systems and replacement parts worldwide. Notably, the Industrial Products sector put up 19.6% growth in earnings in the third quarter of 2017 and 22.1% growth in earnings is projected for the fourth quarter of 2017. | Donaldson Company, Inc.DCI manufactures and sells filtration systems and replacement parts worldwide. Click to get this free report Kennametal Inc. (KMT): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Atlas Copco AB (ATLKY): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. In the past year, the sector has gained around 27.0%, above the S&P 500's growth of 18.2%. | d8fd9a6b-7c13-414d-b02e-196dc8cc50df |
709923.0 | 2018-01-04 00:00:00 UTC | New Strong Buy Stocks for January 4th | DCI | https://www.nasdaq.com/articles/new-strong-buy-stocks-january-4th-2018-01-04 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Schnitzer Steel Industries, Inc. (SCHN): This manufacturer of finished steel products has seen the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days.
Schnitzer Steel Industries, Inc. Price and Consensus
Schnitzer Steel Industries, Inc. price-consensus-chart | Schnitzer Steel Industries, Inc. Quote
Federated Investors, Inc. (FII): This publicly owned asset management holding company has seen the Zacks Consensus Estimate for its current year earnings increasing 0.9% over the last 60 days.
Federated Investors, Inc. Price and Consensus
Federated Investors, Inc. price-consensus-chart | Federated Investors, Inc. Quote
Radian Group Inc. (RDN): This provider of mortgage and real estate products and services has seen the Zacks Consensus Estimate for its current year earnings increasing 1.1% over the last 60 days.
Radian Group Inc. Price and Consensus
Radian Group Inc. price-consensus-chart | Radian Group Inc. Quote
ABIOMED, Inc. (ABMD): This company that engages in the research, development, and sale of medical devices has seen the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days.
ABIOMED, Inc. Price and Consensus
ABIOMED, Inc. price-consensus-chart | ABIOMED, Inc. Quote
Donaldson Company, Inc. (DCI): This manufacturer and seller of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days.
Donaldson Company, Inc. Price and Consensus
Donaldson Company, Inc. price-consensus-chart | Donaldson Company, Inc. Quote
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
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
Schnitzer Steel Industries, Inc. (SCHN): Free Stock Analysis Report
Radian Group Inc. (RDN): Free Stock Analysis Report
Federated Investors, Inc. (FII): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
ABIOMED, Inc. (ABMD): 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. | ABIOMED, Inc. Price and Consensus ABIOMED, Inc. price-consensus-chart | ABIOMED, Inc. Quote Donaldson Company, Inc. (DCI): This manufacturer and seller of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days. Click to get this free report Schnitzer Steel Industries, Inc. (SCHN): Free Stock Analysis Report Radian Group Inc. (RDN): Free Stock Analysis Report Federated Investors, Inc. (FII): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report ABIOMED, Inc. (ABMD): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Schnitzer Steel Industries, Inc. (SCHN): This manufacturer of finished steel products has seen the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days. | Click to get this free report Schnitzer Steel Industries, Inc. (SCHN): Free Stock Analysis Report Radian Group Inc. (RDN): Free Stock Analysis Report Federated Investors, Inc. (FII): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report ABIOMED, Inc. (ABMD): Free Stock Analysis Report To read this article on Zacks.com click here. ABIOMED, Inc. Price and Consensus ABIOMED, Inc. price-consensus-chart | ABIOMED, Inc. Quote Donaldson Company, Inc. (DCI): This manufacturer and seller of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Schnitzer Steel Industries, Inc. (SCHN): This manufacturer of finished steel products has seen the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days. | Click to get this free report Schnitzer Steel Industries, Inc. (SCHN): Free Stock Analysis Report Radian Group Inc. (RDN): Free Stock Analysis Report Federated Investors, Inc. (FII): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report ABIOMED, Inc. (ABMD): Free Stock Analysis Report To read this article on Zacks.com click here. ABIOMED, Inc. Price and Consensus ABIOMED, Inc. price-consensus-chart | ABIOMED, Inc. Quote Donaldson Company, Inc. (DCI): This manufacturer and seller of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days. Schnitzer Steel Industries, Inc. Price and Consensus Schnitzer Steel Industries, Inc. price-consensus-chart | Schnitzer Steel Industries, Inc. Quote Federated Investors, Inc. (FII): This publicly owned asset management holding company has seen the Zacks Consensus Estimate for its current year earnings increasing 0.9% over the last 60 days. | ABIOMED, Inc. Price and Consensus ABIOMED, Inc. price-consensus-chart | ABIOMED, Inc. Quote Donaldson Company, Inc. (DCI): This manufacturer and seller of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days. Click to get this free report Schnitzer Steel Industries, Inc. (SCHN): Free Stock Analysis Report Radian Group Inc. (RDN): Free Stock Analysis Report Federated Investors, Inc. (FII): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report ABIOMED, Inc. (ABMD): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Schnitzer Steel Industries, Inc. (SCHN): This manufacturer of finished steel products has seen the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days. | d6ead6a1-7aad-4ea1-a87f-6de916ee338f |
709924.0 | 2017-12-27 00:00:00 UTC | New Strong Buy Stocks for December 27th | DCI | https://www.nasdaq.com/articles/new-strong-buy-stocks-december-27th-2017-12-27 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Johnson Outdoors Inc. (JOUT): This manufacturer of diving, watercraft, and marine electronics products has seen the Zacks Consensus Estimate for its current year earnings increasing 4.5% over the last 60 days.
Johnson Outdoors Inc. Price and Consensus
Johnson Outdoors Inc. price-consensus-chart | Johnson Outdoors Inc. Quote
Statoil ASA (STO): This energy company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days.
Statoil ASA Price and Consensus
Statoil ASA price-consensus-chart | Statoil ASA Quote
Stifel Financial Corp . (SF): This financial services and bank holding company has seen the Zacks Consensus Estimate for its current year earnings increasing 1.8% over the last 60 days.
Stifel Financial Corporation Price and Consensus
Stifel Financial Corporation price-consensus-chart | Stifel Financial Corporation Quote
Bazaarvoice, Inc . (BV): This provider of marketing tools to retailer and brand clients has seen the Zacks Consensus Estimate for its current year earnings increasing 37.5% over the last 60 days.
Bazaarvoice, Inc. Price and Consensus
Bazaarvoice, Inc. price-consensus-chart | Bazaarvoice, Inc. Quote
Donaldson Company, Inc. (DCI): This manufacturer and seller of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days.
Donaldson Company, Inc. Price and Consensus
Donaldson Company, Inc. price-consensus-chart | Donaldson Company, Inc. Quote
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
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
Statoil ASA (STO): Free Stock Analysis Report
Stifel Financial Corporation (SF): Free Stock Analysis Report
Johnson Outdoors Inc. (JOUT): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Bazaarvoice, Inc. (BV): 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. | Bazaarvoice, Inc. Price and Consensus Bazaarvoice, Inc. price-consensus-chart | Bazaarvoice, Inc. Quote Donaldson Company, Inc. (DCI): This manufacturer and seller of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days. Click to get this free report Statoil ASA (STO): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report Johnson Outdoors Inc. (JOUT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Bazaarvoice, Inc. (BV): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Johnson Outdoors Inc. (JOUT): This manufacturer of diving, watercraft, and marine electronics products has seen the Zacks Consensus Estimate for its current year earnings increasing 4.5% over the last 60 days. | Click to get this free report Statoil ASA (STO): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report Johnson Outdoors Inc. (JOUT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Bazaarvoice, Inc. (BV): Free Stock Analysis Report To read this article on Zacks.com click here. Bazaarvoice, Inc. Price and Consensus Bazaarvoice, Inc. price-consensus-chart | Bazaarvoice, Inc. Quote Donaldson Company, Inc. (DCI): This manufacturer and seller of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days. Johnson Outdoors Inc. Price and Consensus Johnson Outdoors Inc. price-consensus-chart | Johnson Outdoors Inc. Quote Statoil ASA (STO): This energy company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days. | Click to get this free report Statoil ASA (STO): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report Johnson Outdoors Inc. (JOUT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Bazaarvoice, Inc. (BV): Free Stock Analysis Report To read this article on Zacks.com click here. Bazaarvoice, Inc. Price and Consensus Bazaarvoice, Inc. price-consensus-chart | Bazaarvoice, Inc. Quote Donaldson Company, Inc. (DCI): This manufacturer and seller of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days. Johnson Outdoors Inc. Price and Consensus Johnson Outdoors Inc. price-consensus-chart | Johnson Outdoors Inc. Quote Statoil ASA (STO): This energy company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days. | Bazaarvoice, Inc. Price and Consensus Bazaarvoice, Inc. price-consensus-chart | Bazaarvoice, Inc. Quote Donaldson Company, Inc. (DCI): This manufacturer and seller of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days. Click to get this free report Statoil ASA (STO): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report Johnson Outdoors Inc. (JOUT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Bazaarvoice, Inc. (BV): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Johnson Outdoors Inc. (JOUT): This manufacturer of diving, watercraft, and marine electronics products has seen the Zacks Consensus Estimate for its current year earnings increasing 4.5% over the last 60 days. | bdb2abc4-b37c-4844-bed1-37563744ad0a |
709925.0 | 2017-12-20 00:00:00 UTC | New Strong Buy Stocks for December 20th | DCI | https://www.nasdaq.com/articles/new-strong-buy-stocks-december-20th-2017-12-20 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Stifel Financial Corp. (SF): This financial services and bank holding company has seen the Zacks Consensus Estimate for its current year earnings increasing 1.8% over the last 60 days.
Stifel Financial Corporation Price and Consensus
Stifel Financial Corporation price-consensus-chart | Stifel Financial Corporation Quote
BRT Apartments Corp . (BRT): This real estate investment trust has seen the Zacks Consensus Estimate for its current year earnings increasing 19.7% over the last 60 days.
BRT Realty Trust Price and Consensus
BRT Realty Trust price-consensus-chart | BRT Realty Trust Quote
Columbus McKinnon Corporation (CMCO): This manufacturer of actuators, cranes, rigging tools, digital power control systems, and other material handling products has seen the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days.
Columbus McKinnon Corporation Price and Consensus
Columbus McKinnon Corporation price-consensus-chart | Columbus McKinnon Corporation Quote
CRA International, Inc. (CRAI): This consulting company has seen the Zacks Consensus Estimate for its current year earnings increasing 2.6% over the last 60 days.
CRA International,Inc. Price and Consensus
CRA International,Inc. price-consensus-chart | CRA International,Inc. Quote
Donaldson Company, Inc. (DCI): This manufacturer of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days.
Donaldson Company, Inc. Price and Consensus
Donaldson Company, Inc. price-consensus-chart | Donaldson Company, Inc. Quote
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>
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
Stifel Financial Corporation (SF): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
CRA International,Inc. (CRAI): Free Stock Analysis Report
Columbus McKinnon Corporation (CMCO): Free Stock Analysis Report
BRT Realty Trust (BRT): 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. | Quote Donaldson Company, Inc. (DCI): This manufacturer of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days. Click to get this free report Stifel Financial Corporation (SF): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report CRA International,Inc. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Stifel Financial Corp. (SF): This financial services and bank holding company has seen the Zacks Consensus Estimate for its current year earnings increasing 1.8% over the last 60 days. | Click to get this free report Stifel Financial Corporation (SF): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report CRA International,Inc. Quote Donaldson Company, Inc. (DCI): This manufacturer of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days. Columbus McKinnon Corporation Price and Consensus Columbus McKinnon Corporation price-consensus-chart | Columbus McKinnon Corporation Quote CRA International, Inc. (CRAI): This consulting company has seen the Zacks Consensus Estimate for its current year earnings increasing 2.6% over the last 60 days. | Quote Donaldson Company, Inc. (DCI): This manufacturer of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days. Click to get this free report Stifel Financial Corporation (SF): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report CRA International,Inc. BRT Realty Trust Price and Consensus BRT Realty Trust price-consensus-chart | BRT Realty Trust Quote Columbus McKinnon Corporation (CMCO): This manufacturer of actuators, cranes, rigging tools, digital power control systems, and other material handling products has seen the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. | Click to get this free report Stifel Financial Corporation (SF): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report CRA International,Inc. Quote Donaldson Company, Inc. (DCI): This manufacturer of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Stifel Financial Corp. (SF): This financial services and bank holding company has seen the Zacks Consensus Estimate for its current year earnings increasing 1.8% over the last 60 days. | 81609063-49b5-4f7a-9b60-5b2eb12ecc83 |
709926.0 | 2017-12-20 00:00:00 UTC | Why These 3 Underperformers May Rebound in 2018 | DCI | https://www.nasdaq.com/articles/why-these-3-underperformers-may-rebound-in-2018-2017-12-20 | nan | nan | Market performance has been exceptionally well this year with the major indexes touching record highs several times. So far, the S&P 500, Dow Jones Industrial Average and Nasdaq Composite index have jumped 19.8%, 25.3% and 29.4%, respectively.
The bull run is expected to continue into next year with several analysts predicting that markets will reach new highs.
Factors Supporting the Momentum
First and foremost is the optimism surrounding improvement in the U.S. economy. At the end of its latest Federal Reserve Open Market Committee (FOMC) meeting, the Fed projected economic growth of 2.5% for 2018 (up from the prior guidance of 2.1%). A slew of favorable data including continued strengthening of the labor market, increase in household spending, lower unemployment rate and rise in business activities will support the economy.
Additionally, the implementation of tax legislation is expected to stimulate the market with more job creation and rise in inflation rate. Following the massive cuts in tax rates (from 35% to 21%) for U.S. businesses, banks and big financial institutions that are weighed down by a substantial tax load would benefit immensely. Also, the tax repatriation provision will allow tech, drug and biotech companies with global operations to bring back trillions of dollars held as cash reserve overseas, thus improving their financial health.
Further, the Fed rate hike will drive the markets. While three interest rate increases are projected next year, anticipated higher inflation may lead the central bank to move the interest rate higher at a faster pace as economic growth improves further.
Driven by the strengthening of economy, corporate earnings are expected to continue improving. Also, the companies are optimistic about the likelihood of a slash in tax rates and benefits from tax repatriation provision on their earnings.
Per the latest Earnings Outlook , the S&P 500's earnings next year are projected to increase 11.8%, without taking into consideration any benefit from tax legislation. Notably, the growth pace is expected to increase further following the implementation of the same. Moreover, tax cuts will significantly boost earnings for small-cap companies.
Underperformers to Bounce Back in 2018
While the markets this year reached new highs, several stocks underperformed. There are chances that some of these stocks might rebound in 2018 given the favorable factors and their fundamental strength.
However, it's not easy to pick these hidden gems among such underachieved stocks. Hence, we have taken the help of Zacks Stock Screener to make this task relatively simpler.
We have shortlisted stocks that underperformed the S&P 500 so far this year with a market capitalization of at least $1 billion and a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here
To further cut short the list, stocks with VGM Score of A or B and upward earnings estimate revisions of more than 5% for the next year are taken into consideration. Also, these stocks are expected to record earnings growth of 5% or more next year.
Following three stocks meet these criteria:
American Eagle Outfitters, Inc.AEO operates as a specialty retailer offering on-trend clothing, accessories and personal care products. So far this year, shares of the company have rallied 19.2%.
With a Zacks Rank #2 and VGM Score of A, the stock has witnessed a 6% upward earnings estimate revision for the next year over the last 30 days. Further, the company is expected to record earnings growth of 6% for fiscal 2019.
(Looking for the Best Stocks for 2018? Be among the first to see our Top Ten Stocks for 2018 portfolio here )
Donaldson Company, Inc.DCI manufactures and sells filtration systems and replacement parts. The company's shares have gained 16.3% year to date.
The stock sports a Zacks Rank #1 and has a VGM Score of A. Its earnings estimates for the next year have moved 7.2% upward in the past four weeks. Also, the company's earnings are projected to increase at the rate of 11.7% in fiscal 2019.
Pan American Silver Corp.PAAS is engaged in exploration, extraction, processing, refining and reclamation of silver mines. Its shares have risen just 1.3% so far this year.
With a Zacks Rank #2 and VGM Score of B, the stock has witnessed 18% upward earnings estimate revision for the next year over the last 30 days. Additionally, the company is expected to record earnings growth of 21% for 2018.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>
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
Pan American Silver Corp. (PAAS): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO): 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. | Be among the first to see our Top Ten Stocks for 2018 portfolio here ) Donaldson Company, Inc.DCI manufactures and sells filtration systems and replacement parts. Click to get this free report Pan American Silver Corp. (PAAS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO): Free Stock Analysis Report To read this article on Zacks.com click here. A slew of favorable data including continued strengthening of the labor market, increase in household spending, lower unemployment rate and rise in business activities will support the economy. | Click to get this free report Pan American Silver Corp. (PAAS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO): Free Stock Analysis Report To read this article on Zacks.com click here. Be among the first to see our Top Ten Stocks for 2018 portfolio here ) Donaldson Company, Inc.DCI manufactures and sells filtration systems and replacement parts. With a Zacks Rank #2 and VGM Score of A, the stock has witnessed a 6% upward earnings estimate revision for the next year over the last 30 days. | Click to get this free report Pan American Silver Corp. (PAAS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO): Free Stock Analysis Report To read this article on Zacks.com click here. Be among the first to see our Top Ten Stocks for 2018 portfolio here ) Donaldson Company, Inc.DCI manufactures and sells filtration systems and replacement parts. You can see the complete list of today's Zacks #1 Rank stocks here To further cut short the list, stocks with VGM Score of A or B and upward earnings estimate revisions of more than 5% for the next year are taken into consideration. | Be among the first to see our Top Ten Stocks for 2018 portfolio here ) Donaldson Company, Inc.DCI manufactures and sells filtration systems and replacement parts. Click to get this free report Pan American Silver Corp. (PAAS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO): Free Stock Analysis Report To read this article on Zacks.com click here. Market performance has been exceptionally well this year with the major indexes touching record highs several times. | fcdb79a3-cd6d-4750-b1e5-19558fa8c1a5 |
709927.0 | 2017-12-18 00:00:00 UTC | Better Buy: Infinera Corporation vs. Acacia Communications | DCI | https://www.nasdaq.com/articles/better-buy-infinera-corporation-vs-acacia-communications-2017-12-18 | nan | nan | It's been a rough year for many fiber optic companies, which were once considered strong plays on the "super cycle" in network infrastructure upgrades. The bulls claimed that demand would be fueled by an ever-increasing amount of data being used for media streaming, cloud-based apps, and other cloud services.
Unfortunately, unpredictable spending patterns at service providers and a slowdown in China skewered many top plays in that market, including Infinera (NASDAQ: INFN) and Acacia Communications (NASDAQ: ACIA) . I compared these two stocks back in March , and concluded that Acacia's stronger growth figures made it a more appealing investment than Infinera.
Unfortunately, investors would have been better off avoiding both stocks. Since that article was published, shares of Infinera and Acacia respectively dropped 36% and 26%. Should investors still avoid both stocks at these levels? Let's compare their businesses to find out.
How do Infinera and Acacia make money?
Infinera generates most of its revenue from Long Haul Wave Division Multiplexing (WDM) and subsea optical transmission systems for service providers. These systems enable carriers to boost the capacity of their long-distance networks without laying down additional fiber.
The company uses a proprietary PIC (photonic manufacturing circuit) process, which gives it a cost advantage against many of its direct competitors. A smaller percentage of Infinera's revenue comes from its newer metro WDM and data center interconnect (DCI) solutions, which boost the capacity of networks over much shorter distances.
Acacia serves the long haul, metro, and DCI markets with its coherent interconnect products. These products, which also boost the capacity of networks, are better suited for newer software-defined networking (SDN) solutions, which rely on less powerful hardware tethered to cloud-based services.
Acacia's main advantage in this market is its 400G chipset, which is smaller, denser, and more power-efficient than many rival products. Unlike Infinera, Acacia generates most of its revenue from the higher-growth metro and DCI markets.
Which company is growing faster?
Infinera's revenue fell annually for four straight quarters before finally rebounding 4% last quarter. That weak growth was caused by service providers favoring metro and DCI upgrades over long haul WDM connections, as well as sluggish sales in China.
Infinera's rebound last quarter was attributed to growing demand for its Infinity Capacity Engine (ICE4) products, which can deliver a "super-channel" capacity of up to 2.4 terabits per second over a distance over 12,000 kilometers.
Other catalysts include a potential recovery in long haul WDM demand in the second half of 2017, the deployment of its Cloud Xpress 2 DCI solution for Netflix , and a restructuring plan which will cut annual costs by about $40 million. Analysts expect Infinera's revenue to fall 16% this year, but rebound 8% next year as those catalysts kick in.
Acacia posted steep double-digit revenue declines for two straight quarters due to soft demand in China on slower provincial buildouts and delayed shipments due to a "quality issue." Acacia's results also suffered from tough comparisons with the triple-digit sales growth it reported throughout fiscal 2016.
Looking ahead, Acacia CEO Murugesan Shanmugaraj stated that the company's "near-term visibility in China remains challenging," but that the "long-term growth trends in China remain strong" on video and 5G-related upgrades
As a result, Acacia's future looks similar to Infinera's. Analysts expect its revenue to fall 19% this year, but rebound 12% next year.
Which company is more profitable?
Infinera is expected to finish this year with a loss of $0.54 per share, but recovering sales could narrow that loss to $0.19 per share next year. Acacia's earnings are expected to fall 46% to $1.73 per share this year, followed by a milder 3% decline to $1.67 next year.
Infinera doesn't have a P/E multiple, but its P/S ratio of 1.4 is slightly lower than the industry average of 1.9 for communication equipment makers. Acacia trades at 14 times earnings, compared to the industry average of 37, and 3.9 times sales. However, its forward P/E of 22 looks a bit higher due to its waning earnings growth.
The winner: Acacia Communications
I personally wouldn't buy either Infinera or Acacia, since they're both under tremendous cyclical pressure. However, Acacia is clearly the healthier play than Infinera thanks to its higher exposure to the metro and DCI markets and stronger profitability.
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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. | A smaller percentage of Infinera's revenue comes from its newer metro WDM and data center interconnect (DCI) solutions, which boost the capacity of networks over much shorter distances. That weak growth was caused by service providers favoring metro and DCI upgrades over long haul WDM connections, as well as sluggish sales in China. Other catalysts include a potential recovery in long haul WDM demand in the second half of 2017, the deployment of its Cloud Xpress 2 DCI solution for Netflix , and a restructuring plan which will cut annual costs by about $40 million. | A smaller percentage of Infinera's revenue comes from its newer metro WDM and data center interconnect (DCI) solutions, which boost the capacity of networks over much shorter distances. That weak growth was caused by service providers favoring metro and DCI upgrades over long haul WDM connections, as well as sluggish sales in China. Acacia serves the long haul, metro, and DCI markets with its coherent interconnect products. | A smaller percentage of Infinera's revenue comes from its newer metro WDM and data center interconnect (DCI) solutions, which boost the capacity of networks over much shorter distances. Acacia serves the long haul, metro, and DCI markets with its coherent interconnect products. Unlike Infinera, Acacia generates most of its revenue from the higher-growth metro and DCI markets. | A smaller percentage of Infinera's revenue comes from its newer metro WDM and data center interconnect (DCI) solutions, which boost the capacity of networks over much shorter distances. Acacia serves the long haul, metro, and DCI markets with its coherent interconnect products. That weak growth was caused by service providers favoring metro and DCI upgrades over long haul WDM connections, as well as sluggish sales in China. | 4493bcbb-eeea-4569-a0de-a9333f227ffd |
709928.0 | 2017-12-18 00:00:00 UTC | Parker-Hannifin (PH) Launches QAN SIL2/PLd Controllers | DCI | https://www.nasdaq.com/articles/parker-hannifin-ph-launches-qan-sil2-pld-controllers-2017-12-18 | nan | nan | Parker-Hannifin Corporation 's PH Electronic Controls Business Unit recently unveiled new functional safety controllers for mobile machinery applications. The latest RISE ("SP") certified IQAN-MC4xFS controllers offer cost-efficient means of meeting the safety standards needed for heavy mobile machinery, along with providing robustness and straightforward system integration.
Certified to IEC 61508 SIL2, the IQAN-MC4xFS is designed to control hydraulic valves, making it a best choice for mobile machinery applications. Having being built on Parker's earlier MC4x versions, the latest IQAN-MC4xFS is suitable for use in applications with full pin compatibility, which incorporates a considerable amount of monitoring functionality to address application needs.
Apart from extensive start-up tests, extended diagnostics measures were also introduced, like run-time diagnostics of dangerous faults. Other features like implementation of safety-related applications in the lockstep core, ECC-protected Flash and RAM, as well as the execution of a safety-certified Real-Time Operating System were also included.
Based on similar hardware as IQAN-MC4x performance-optimized standard versions, the latest controllers offer accurate and real-time control of hydraulic systems. The IQAN-MC4xFS controllers enable faster development of new machine functionality, aided by full compatibility powered by the established IQANdesign platform. The IQANdesign platform offers an inbuilt tool for programming, testing, production, simulation as well as service and maintenance.
Our Take
Parker-Hannifin has benefited tremendously from the global restructuring initiatives undertaken in the past few quarters. Apart from this, the company is streamlining business and corporate functions as well as removing complex bureaucracy from organizational structure to create a "leaner" frame. The company has also devised a complimentary business realignment action, which when combined with the simplification initiative, is likely to strengthen the manufacturing footprint, going forward.
Buoyed by the competency of the revamped Win Strategy and strategic acquisitions, the company is bullish about delivering fundamental financial goals. Investors also seem to be optimistic on the company's future prospects, as the Zacks Rank #2 (Buy) stock yielded a return of 36% in the past year, outperforming the industry 's average growth of 25.5%.
Moreover, the company has been proactive in making acquisitions from time to time to strengthen its core business. The company has concluded major investments recently. For instance, the CLARCOR buyout has strengthened the company's filtration product suite, consequently driving recurring revenue growth. Also, other bolt-on acquisitions including Arnold Jäger Holding GmbH's operating units, President Engineering Group Limited and Helac Corporation are anticipated to supplement top-line growth, going forward.
Other Stocks to Consider
Some other top-ranked stocks from the same space include Deere & Company DE , Acco Brands Corporation ACCO and Donaldson Company, Inc. DCI . While Deere & Company sports a Zacks Rank #1 (Strong Buy), Acco Brands and Donaldson Company carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 19.5%.
Acco Brands has outpaced estimates in the preceding four quarters, with an average earnings surprise of 81.9%.
Donaldson Company has surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 5.2%.
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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. | Other Stocks to Consider Some other top-ranked stocks from the same space include Deere & Company DE , Acco Brands Corporation ACCO and Donaldson Company, Inc. DCI . Click to get this free report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The latest RISE ("SP") certified IQAN-MC4xFS controllers offer cost-efficient means of meeting the safety standards needed for heavy mobile machinery, along with providing robustness and straightforward system integration. | Other Stocks to Consider Some other top-ranked stocks from the same space include Deere & Company DE , Acco Brands Corporation ACCO and Donaldson Company, Inc. DCI . Click to get this free report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Parker-Hannifin Corporation 's PH Electronic Controls Business Unit recently unveiled new functional safety controllers for mobile machinery applications. | Other Stocks to Consider Some other top-ranked stocks from the same space include Deere & Company DE , Acco Brands Corporation ACCO and Donaldson Company, Inc. DCI . Click to get this free report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. While Deere & Company sports a Zacks Rank #1 (Strong Buy), Acco Brands and Donaldson Company carry a Zacks Rank #2. | Other Stocks to Consider Some other top-ranked stocks from the same space include Deere & Company DE , Acco Brands Corporation ACCO and Donaldson Company, Inc. DCI . Click to get this free report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Parker-Hannifin Corporation 's PH Electronic Controls Business Unit recently unveiled new functional safety controllers for mobile machinery applications. | 9f0c2449-a352-4479-959d-fbd597eb0c7d |
709929.0 | 2017-12-04 00:00:00 UTC | Donaldson Company, Inc. (DCI) Ex-Dividend Date Scheduled for December 05, 2017 | DCI | https://www.nasdaq.com/articles/donaldson-company-inc-dci-ex-dividend-date-scheduled-december-05-2017-2017-12-04 | nan | nan | Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on December 05, 2017. A cash dividend payment of $0.18 per share is scheduled to be paid on December 21, 2017. Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 2.86% increase over prior dividend payment. At the current stock price of $48.41, the dividend yield is 1.49%.
The previous trading day's last sale of DCI was $48.41, representing a -3.37% decrease from the 52 week high of $50.10 and a 17.27% increase over the 52 week low of $41.28.
DCI is a part of the Capital Goods sector, which includes companies such as CECO Environmental Corp. ( CECE ) and Perma-Pipe International Holdings, Inc. ( PPIH ). DCI's current earnings per share, an indicator of a company's profitability, is $1.77. Zacks Investment Research reports DCI's forecasted earnings growth in 2018 as 12.57%, compared to an industry average of 14.4%.
For more information on the declaration, record and payment dates, visit the DCI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DCI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DCI as a top-10 holding:
VanEck Vectors Environmental Services ETF ( EVX )
ProShares S&P MidCap 400 Dividend Aristocrats ETF ( REGL ).
The top-performing ETF of this group is EVX with an increase of 9.15% over the last 100 days. It also has the highest percent weighting of DCI at 0.03%.
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. | DCI is a part of the Capital Goods sector, which includes companies such as CECO Environmental Corp. ( CECE ) and Perma-Pipe International Holdings, Inc. ( PPIH ). Zacks Investment Research reports DCI's forecasted earnings growth in 2018 as 12.57%, compared to an industry average of 14.4%. For more information on the declaration, record and payment dates, visit the DCI 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. Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on December 05, 2017. Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. | Shareholders who purchased DCI 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 DCI Dividend History page. The following ETF(s) have DCI as a top-10 holding: VanEck Vectors Environmental Services ETF ( EVX ) ProShares S&P MidCap 400 Dividend Aristocrats ETF ( REGL ). | Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. DCI's current earnings per share, an indicator of a company's profitability, is $1.77. Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on December 05, 2017. | 99df5d26-1504-4111-927f-eb46b74ef6c5 |
709930.0 | 2017-12-04 00:00:00 UTC | Stocks Generating Improved Relative Strength: Waste Connections | DCI | https://www.nasdaq.com/articles/stocks-generating-improved-relative-strength-waste-connections-2017-12-04 | nan | nan | On Monday, Waste Connections ( WCN ) received a positive adjustment to its Relative Strength ( RS ) Rating , from 70 to 74.
[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they launch their biggest price moves. See if Waste Connections can continue to show renewed price strength and hit that benchmark.
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Waste Connections is working on a flat base with a 74.30 entry . See if the stock can break out in heavy volume. It's a later-stage pattern, and investors should be aware that those involve more risk.
The company reported 25% earnings growth in its most recent report. Sales increased 11%.
The company earns the No. 1 rank among its peers in the Pollution-Control industry group. Donaldson ( DCI ) and Aegion ( AEGN ) are also among the group's highest-rated stocks.
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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. | Donaldson ( DCI ) and Aegion ( AEGN ) are also among the group's highest-rated stocks. On Monday, Waste Connections ( WCN ) received a positive adjustment to its Relative Strength ( RS ) Rating , from 70 to 74. [ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. | Donaldson ( DCI ) and Aegion ( AEGN ) are also among the group's highest-rated stocks. On Monday, Waste Connections ( WCN ) received a positive adjustment to its Relative Strength ( RS ) Rating , from 70 to 74. Why Should You Use IBD's Relative Strength Rating? | Donaldson ( DCI ) and Aegion ( AEGN ) are also among the group's highest-rated stocks. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database. History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they launch their biggest price moves. | Donaldson ( DCI ) and Aegion ( AEGN ) are also among the group's highest-rated stocks. On Monday, Waste Connections ( WCN ) received a positive adjustment to its Relative Strength ( RS ) Rating , from 70 to 74. See if Waste Connections can continue to show renewed price strength and hit that benchmark. | 0b5d17c9-564a-4a4a-9b07-5058646a07d4 |
709931.0 | 2017-12-01 00:00:00 UTC | Ex-Dividend Reminder: Lam Research, Donaldson and Valhi | DCI | https://www.nasdaq.com/articles/ex-dividend-reminder-lam-research-donaldson-and-valhi-2017-12-01 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 12/5/17, Lam Research Corp (Symbol: LRCX), Donaldson Co. Inc. (Symbol: DCI), and Valhi, Inc. (Symbol: VHI) will all trade ex-dividend for their respective upcoming dividends. Lam Research Corp will pay its quarterly dividend of $0.50 on 1/10/18, Donaldson Co. Inc. will pay its quarterly dividend of $0.18 on 12/21/17, and Valhi, Inc. will pay its quarterly dividend of $0.02 on 12/22/17. As a percentage of LRCX's recent stock price of $190.19, this dividend works out to approximately 0.26%, so look for shares of Lam Research Corp to trade 0.26% lower - all else being equal - when LRCX shares open for trading on 12/5/17. Similarly, investors should look for DCI to open 0.36% lower in price and for VHI to open 0.30% lower, all else being equal.
Below are dividend history charts for LRCX, DCI, and VHI, showing historical dividends prior to the most recent ones declared.
Lam Research Corp (Symbol: LRCX) :
Donaldson Co. Inc. (Symbol: DCI) :
Valhi, Inc. (Symbol: VHI) :
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 1.05% for Lam Research Corp, 1.45% for Donaldson Co. Inc., and 1.20% for Valhi, Inc..
In Friday trading, Lam Research Corp shares are currently down about 1.1%, Donaldson Co. Inc. shares are down about 0.6%, and Valhi, Inc. shares are off about 1.6% 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. | Looking at the universe of stocks we cover at Dividend Channel , on 12/5/17, Lam Research Corp (Symbol: LRCX), Donaldson Co. Inc. (Symbol: DCI), and Valhi, Inc. (Symbol: VHI) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for DCI to open 0.36% lower in price and for VHI to open 0.30% lower, all else being equal. Below are dividend history charts for LRCX, DCI, and VHI, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel , on 12/5/17, Lam Research Corp (Symbol: LRCX), Donaldson Co. Inc. (Symbol: DCI), and Valhi, Inc. (Symbol: VHI) will all trade ex-dividend for their respective upcoming dividends. Lam Research Corp (Symbol: LRCX) : Donaldson Co. Inc. (Symbol: DCI) : Valhi, Inc. (Symbol: VHI) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DCI to open 0.36% lower in price and for VHI to open 0.30% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 12/5/17, Lam Research Corp (Symbol: LRCX), Donaldson Co. Inc. (Symbol: DCI), and Valhi, Inc. (Symbol: VHI) will all trade ex-dividend for their respective upcoming dividends. Lam Research Corp (Symbol: LRCX) : Donaldson Co. Inc. (Symbol: DCI) : Valhi, Inc. (Symbol: VHI) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DCI to open 0.36% lower in price and for VHI to open 0.30% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 12/5/17, Lam Research Corp (Symbol: LRCX), Donaldson Co. Inc. (Symbol: DCI), and Valhi, Inc. (Symbol: VHI) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for DCI to open 0.36% lower in price and for VHI to open 0.30% lower, all else being equal. Below are dividend history charts for LRCX, DCI, and VHI, showing historical dividends prior to the most recent ones declared. | a84a4b0a-eac5-4bb4-91d9-122a92f6a783 |
709932.0 | 2017-12-01 00:00:00 UTC | Donaldson's (DCI) Earnings & Revenues Beat Estimates in Q1 | DCI | https://www.nasdaq.com/articles/donaldsons-dci-earnings-revenues-beat-estimates-in-q1-2017-12-01 | nan | nan | Donaldson Company, Inc.DCI reported adjusted earnings per share of 46 cents in first-quarter fiscal 2018, which beat the Zacks Consensus Estimate of 42 cents by 9.5%.
The bottom-line figure was even more impressive compared with the prior-year quarter tally of 38 cents, reflecting an increase of 21.1%. Earnings were driven by strong revenues performance and favorable market conditions, particularly in Industrial Filtration Solutions business.
Inside the Headlines
Donaldson reported total sales of $644.8 million, up 16.6% on a year-over-year basis. Also, revenues came ahead of the Zacks Consensus Estimate of $600 million. Strong performance in both the Engine Products and Industrial Products segments drove record first-quarter revenues. Moreover, currency fluctuations and acquisitions resulted in an increase of 1.7% and 1.6%, respectively, in the year-over-year increase in sales.
Revenues at the Engine Products segment recorded an impressive increase of 24.9% year over year to $442.1 million. Three of the four sub-segments under Engine Products - Off-Road, On Road and Aftermarket - recorded a jump in sales, which led to the overall strong performance. Sales in Aftermarket, On-road and Off-Road business increased by 24.7%, 25.6% and 37%, respectively. However, sales in Aerospace and Defense recorded a decline of 0.5%.
Revenues at the Industrial Product segment were up 1.8% year over year to $202.7 million. Sales in Industrial Filtration Solutions and Special Applications business increased by 6.5% and 4%, respectively. However, sales in Gas Turbine Systems declined by 19.1%.
Donaldson Company, Inc. Price, Consensus and EPS Surprise
Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote
Donaldson's adjusted operating margin expanded 30 basis points (bps) year over year to 14.1%. Additionally, the company's Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") were $108.8 million compared with $103.4 million recorded a year ago.
Liquidity & Cash Flow
Donaldson exited the quarter with cash and equivalents of $349.6 million compared with $262.2 million as on Oct 31, 2016. The company had long-term debt of $631.7 million as on Oct 31, 2017, compared with $537.3 million as on Jul 31, 2017.
Share Repurchase Program
During the fiscal first quarter, the company returned $23.4 million to shareholders through share dividends. Additionally, Donaldson repurchased shares worth $42.6 million, which represents 0.7% of its outstanding shares.
2018 Guidance
Concurrent with the earnings release, the company provided guidance for fiscal 2018. Donaldson currently expects fiscal 2018 GAAP earnings in the range of $1.90-$2.04 per share compared with its earlier projection of $1.79 to $1.93. Based on the current market scenario, the company expects a 10-14% year-over-year increase in full-year sales.
In terms of segments, Donaldson projects Engine Products sales to increase in the range of 13-17% compared with the prior year. Growth in Aftermarket, Off-Road, On-Road as well as Aerospace and Defense sales are expected to act as tailwinds for growth in Engine Products.
Donaldson anticipates Industrial Products sales to increase in the range of 4-8% compared with its earlier guidance of flat to up 4% increase, mirroring strong performance from Industrial Filtration Solutions as well as Special Applications.
Conclusion
Going forward, the company believes that strong sales in almost all businesses, including Aftermarket, Off-Road, On-Road and Industrial Filtration Solutions, will continue to act as solid growth drivers. Favorable market conditions, particularly in its Industrial Filtration Solutions business as well as strong momentum in Engine Products segment, are likely to act as tailwinds.
In addition, going forward, this Zacks Rank #2 (Buy) company's strategic investments in sales-driving initiatives, expanding technology portfolio and strengthening infrastructure bode well. Donaldson is also building an e-Commerce platform, which will enable easier customer engagement. In terms of expansion of core business, the company's programs in Engine air and liquid market enjoy a win rate of over 75% which has the potential to generate minimum half a billion dollars in future revenues.
This apart, improving operational efficiency through relentless efforts remains one of the main focuses of the company. For instance, the company's profitability has benefited significantly from restructuring actions that were implemented in the last 12 months. Going forward, ERP implementation is anticipated to improve inventory management, pricing and processes, adding to Donaldson's strength.
Other Stocks to Consider
Some other top-ranked stocks from the same space include Deere & Company DE , Briggs & Stratton Corporation BGG and Acco Brands Corporation ACCO . While Deere & Company and Briggs & Stratton sport a Zacks Rank #1 (Strong Buy), Acco Brands carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 19.5%.
Briggs & Stratton has outpaced estimates thrice in the preceding four quarters, with an average earnings surprise of 8.6%.
Acco Brands has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 81.9%.
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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. | Donaldson Company, Inc.DCI reported adjusted earnings per share of 46 cents in first-quarter fiscal 2018, which beat the Zacks Consensus Estimate of 42 cents by 9.5%. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Briggs & Stratton Corporation (BGG): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Conclusion Going forward, the company believes that strong sales in almost all businesses, including Aftermarket, Off-Road, On-Road and Industrial Filtration Solutions, will continue to act as solid growth drivers. | Click to get this free report Deere & Company (DE): Free Stock Analysis Report Briggs & Stratton Corporation (BGG): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.DCI reported adjusted earnings per share of 46 cents in first-quarter fiscal 2018, which beat the Zacks Consensus Estimate of 42 cents by 9.5%. Donaldson Company, Inc. Price, Consensus and EPS Surprise Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote Donaldson's adjusted operating margin expanded 30 basis points (bps) year over year to 14.1%. | Click to get this free report Deere & Company (DE): Free Stock Analysis Report Briggs & Stratton Corporation (BGG): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.DCI reported adjusted earnings per share of 46 cents in first-quarter fiscal 2018, which beat the Zacks Consensus Estimate of 42 cents by 9.5%. Donaldson Company, Inc. Price, Consensus and EPS Surprise Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote Donaldson's adjusted operating margin expanded 30 basis points (bps) year over year to 14.1%. | Donaldson Company, Inc.DCI reported adjusted earnings per share of 46 cents in first-quarter fiscal 2018, which beat the Zacks Consensus Estimate of 42 cents by 9.5%. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Briggs & Stratton Corporation (BGG): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues at the Engine Products segment recorded an impressive increase of 24.9% year over year to $442.1 million. | b0632500-b9c3-44f0-a098-bc2d7acf3e9d |
709933.0 | 2017-11-29 00:00:00 UTC | Pre-Market Earnings Report for November 30, 2017 : TD, CM, KR, DCI, MIK, GMLP, EXPR, BKS, PERY, TNP, TITN | DCI | https://www.nasdaq.com/articles/pre-market-earnings-report-november-30-2017-td-cm-kr-dci-mik-gmlp-expr-bks-pery-tnp-titn | nan | nan | The following companies are expected to report earnings prior to market open on 11/30/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Toronto Dominion Bank ( TD ) is reporting for the quarter ending October 31, 2017. The bank (foreign) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.11. This value represents a 19.35% increase compared to the same quarter last year. In the past year TD has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.56%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for TD is 13.22 vs. an industry ratio of 14.80.
Canadian Imperial Bank of Commerce ( CM ) is reporting for the quarter ending October 31, 2017. The bank (foreign) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.05. This value represents a 3.54% increase compared to the same quarter last year. In the past year CM has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 0.96%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for CM is 10.55 vs. an industry ratio of 14.80.
Kroger Company ( KR ) is reporting for the quarter ending October 31, 2017. The supermarket company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.40. This value represents a 2.44% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for KR is 11.84 vs. an industry ratio of 18.60.
Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending October 31, 2017. The pollution control company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.42. This value represents a 10.53% increase compared to the same quarter last year. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DCI is 26.02 vs. an industry ratio of 13.70, implying that they will have a higher earnings growth than their competitors in the same industry.
The Michaels Companies, Inc. ( MIK ) is reporting for the quarter ending October 31, 2017. The retail company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.43. This value represents a 7.50% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for MIK is 8.91 vs. an industry ratio of 18.50.
Golar LNG Partners LP ( GMLP ) is reporting for the quarter ending September 30, 2017. The oil refining company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.42. This value represents a 41.67% decrease compared to the same quarter last year. GMLP missed the consensus earnings per share in the 1st calendar quarter of 2017 by -23.91%. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2017 Price to Earnings ratio for GMLP is 11.08 vs. an industry ratio of 133.50.
Express, Inc. ( EXPR ) is reporting for the quarter ending October 31, 2017. The retail (shoe) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.08. This value represents a 27.27% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for EXPR is 19.51 vs. an industry ratio of 20.00.
Barnes & Noble, Inc. ( BKS ) is reporting for the quarter ending October 31, 2017. The retail company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.23. This value represents a 20.69% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for BKS is 14.80 vs. an industry ratio of 18.50.
Perry Ellis International Inc. ( PERY ) is reporting for the quarter ending October 31, 2017. The textile company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.25. This value represents a 8.70% increase compared to the same quarter last year. In the past year PERY has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 60%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for PERY is 11.53 vs. an industry ratio of 0.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Tsakos Energy Navigation Ltd ( TNP ) is reporting for the quarter ending September 30, 2017. The shipping company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.09. This value represents a 350.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for TNP is 29.79 vs. an industry ratio of 9.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Titan Machinery Inc. ( TITN ) is reporting for the quarter ending October 31, 2017. The retail company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.09. This value represents a 1000.00% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2018 Price to Earnings ratio for TITN is -71.75 vs. an industry ratio of 5.40.
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. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending October 31, 2017. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DCI is 26.02 vs. an industry ratio of 13.70, implying that they will have a higher earnings growth than their competitors in the same industry. | Zacks Investment Research reports that the 2018 Price to Earnings ratio for DCI is 26.02 vs. an industry ratio of 13.70, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending October 31, 2017. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. | Zacks Investment Research reports that the 2018 Price to Earnings ratio for DCI is 26.02 vs. an industry ratio of 13.70, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending October 31, 2017. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending October 31, 2017. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DCI is 26.02 vs. an industry ratio of 13.70, implying that they will have a higher earnings growth than their competitors in the same industry. | 280caa81-9566-40ea-8f39-7f6ab8d71a57 |
709934.0 | 2017-11-24 00:00:00 UTC | Tetra Tech vs. Donaldson: Facts, Figures & Growth Prospects | DCI | https://www.nasdaq.com/articles/tetra-tech-vs.-donaldson%3A-facts-figures-growth-prospects-2017-11-24 | nan | nan | Tetra Tech Inc.TTEK has charted an impressive trajectory of late, having grown 10% in just the last six months. This is much superior to its peer Donaldson Company, Inc. 's DCI shares, which have increased just 2% over the same time frame.
In fact, Donaldson has underperformed the industry 's gain as well, which has climbed 7.1% during the same period, while Tetra Tech has maintained the momentum, outperforming the industry.
Tetra Tech's prospects look quite robust now. In its fiscal fourth quarter earnings report, the company's earnings and revenues comfortably outpaced the Zacks Consensus Estimate. The bottom line also rose nearly 7% on strong top-line growth, driven by a solid demand for the company's high-end water, environment and infrastructure services.
Tetra Tech's backlog too reached a record high of $2.54 billion in the quarter, up 8% year over year on the back of strong orders in the federal, state and local markets. This is the seventh consecutive quarter of backlog growth and also the highest level in the company's 51-year old history, which bodes well for its growth, going into fiscal 2018.
Tetra Tech has had a solid run in recent times owing to its impressive revenue growth, restructuring efforts and accretive acquisitions. Riding on its business model's continued execution, Tetra Tech remains bullish about its growth across all four client sectors, namely, U.S. federal, U.S. state and local, the U.S. commercial work and finally, international.
The company won six major contracts worth $644 million during the fourth quarter fiscal 2017.
In addition, the company holds over $5 billion in contract capacity across the Department of Defense and 40 indefinite delivery plus indefinite quantity contracts with the Army to offer engineering services. The budget for Department of Defense has recently been raised by $15 billion, providing the company with even more opportunities. Also, early indications suggest that the budget may increase again in 2018, which could mean a string of new task orders for upgrades, design projects and accelerated cleanups for Tetra Tech.
Going forward, we believe that Tetra Tech has a solid base for future growth, driven by its strong backlog levels plus a robust pipeline with major government organizations fetching in billion-dollar deals for the company.
Coming to Donaldson, the company's last earnings report was tad disappointing. Earnings missed estimates by almost 4% but rose 10.9% year over year. The company's Engine Products segment (which accounted for 65.4% of fiscal fourth-quarter revenues) has been enjoying a good momentum with sales up 18% in the fiscal fourth quarter.
However, the industrial product segment's growth has been strained recently, thanks to continued softness in Gas Turbine Systems sales. In fact, the company expects gas turbine sales to continue to decline further in fiscal 2018. Donaldson also anticipates disk drive business to follow the market's secular downward graph.
The company's margins have suffered lately due to adverse sales mix, higher raw material costs and other charges. Donaldson also expects Engine Products' momentum to somewhat deteriorate with sales expected to grow in the 6-10% range in fiscal 2018. Poor sales of Aerospace and Defense are anticipated to restrict the segment's growth.
Both companies have delivered similarly when it comes to earnings performance. Both Tetra Tech and Donaldson have had a decent earnings surprise history of late, having surpassed estimates thrice in the trailing four quarters.
Tetra Tech boasts a Value Score of A while Donaldson has a Value Score of B. Further, Tetra Tech's shares look undervalued compared with Donaldson's, if we analyze in terms of Price-to-Earnings ratio too, as depicted in the chart below:
Stocks to Consider
Better-ranked stocks in the broader sector include Caterpillar, Inc. CAT and Terex Corporation TEX , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Caterpillar has a robust earnings surprise history with an average beat of 53.1%. The bottom line has surpassed estimates in each of the trailing four quarters.
Terex too boasts a striking earnings history, having generated a positive earnings beat of 135.9% over the trailing four quarters, exceeding estimates all through.
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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. | This is much superior to its peer Donaldson Company, Inc. 's DCI shares, which have increased just 2% over the same time frame. Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Riding on its business model's continued execution, Tetra Tech remains bullish about its growth across all four client sectors, namely, U.S. federal, U.S. state and local, the U.S. commercial work and finally, international. | Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. This is much superior to its peer Donaldson Company, Inc. 's DCI shares, which have increased just 2% over the same time frame. In its fiscal fourth quarter earnings report, the company's earnings and revenues comfortably outpaced the Zacks Consensus Estimate. | Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. This is much superior to its peer Donaldson Company, Inc. 's DCI shares, which have increased just 2% over the same time frame. In its fiscal fourth quarter earnings report, the company's earnings and revenues comfortably outpaced the Zacks Consensus Estimate. | This is much superior to its peer Donaldson Company, Inc. 's DCI shares, which have increased just 2% over the same time frame. Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. In its fiscal fourth quarter earnings report, the company's earnings and revenues comfortably outpaced the Zacks Consensus Estimate. | ea3c2d1c-483d-4113-a543-a22d8aa6c2b2 |
709935.0 | 2017-11-17 00:00:00 UTC | DCI Crosses Above Average Analyst Target | DCI | https://www.nasdaq.com/articles/dci-crosses-above-average-analyst-target-2017-11-17 | nan | nan | In recent trading, shares of Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $46.40, changing hands for $46.93/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 5 different analyst targets contributing to that average for Donaldson Co. 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 $40.00. And then on the other side of the spectrum one analyst has a target as high as $54.00. The standard deviation is $5.029.
But the whole reason to look at the average DCI 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 DCI crossing above that average target price of $46.40/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $46.40 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 Donaldson Co. Inc.:
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 DCI - FREE .
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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. | In recent trading, shares of Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $46.40, changing hands for $46.93/share. But the whole reason to look at the average DCI 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 DCI crossing above that average target price of $46.40/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $46.40 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 Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $46.40, changing hands for $46.93/share. But the whole reason to look at the average DCI 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 DCI crossing above that average target price of $46.40/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $46.40 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? | And so with DCI crossing above that average target price of $46.40/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $46.40 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 Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $46.40, changing hands for $46.93/share. But the whole reason to look at the average DCI 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. | In recent trading, shares of Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $46.40, changing hands for $46.93/share. But the whole reason to look at the average DCI 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 DCI crossing above that average target price of $46.40/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $46.40 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? | 28b1fab7-169c-4aa4-a7cb-edb43c227b61 |
709936.0 | 2017-10-03 00:00:00 UTC | Donaldson Reaches Analyst Target Price | DCI | https://www.nasdaq.com/articles/donaldson-reaches-analyst-target-price-2017-10-03 | nan | nan | In recent trading, shares of Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $46.40, changing hands for $46.53/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 5 different analyst targets contributing to that average for Donaldson Co. 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 $40.00. And then on the other side of the spectrum one analyst has a target as high as $54.00. The standard deviation is $5.029.
But the whole reason to look at the average DCI 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 DCI crossing above that average target price of $46.40/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $46.40 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 Donaldson Co. Inc.:
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 DCI - FREE .
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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. | In recent trading, shares of Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $46.40, changing hands for $46.53/share. But the whole reason to look at the average DCI 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 DCI crossing above that average target price of $46.40/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $46.40 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 Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $46.40, changing hands for $46.53/share. But the whole reason to look at the average DCI 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 DCI crossing above that average target price of $46.40/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $46.40 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? | And so with DCI crossing above that average target price of $46.40/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $46.40 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 Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $46.40, changing hands for $46.53/share. But the whole reason to look at the average DCI 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. | In recent trading, shares of Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $46.40, changing hands for $46.53/share. But the whole reason to look at the average DCI 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 DCI crossing above that average target price of $46.40/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $46.40 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? | 598fb37a-9c20-4ed6-9bb7-69c13c4efbde |
709937.0 | 2017-09-13 00:00:00 UTC | CECO Environmental Corp. (CECE) Ex-Dividend Date Scheduled for September 14, 2017 | DCI | https://www.nasdaq.com/articles/ceco-environmental-corp-cece-ex-dividend-date-scheduled-september-14-2017-2017-09-13 | nan | nan | CECO Environmental Corp. ( CECE ) will begin trading ex-dividend on September 14, 2017. A cash dividend payment of $0.075 per share is scheduled to be paid on September 29, 2017. Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that CECE has paid the same dividend. At the current stock price of $7.97, the dividend yield is 3.76%.
The previous trading day's last sale of CECE was $7.97, representing a -46.44% decrease from the 52 week high of $14.88 and a 14.84% increase over the 52 week low of $6.94.
CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Perma-Pipe International Holdings, Inc. ( PPIH ). CECE's current earnings per share, an indicator of a company's profitability, is -$1.16. Zacks Investment Research reports CECE's forecasted earnings growth in 2017 as -30.98%, compared to an industry average of 15.8%.
For more information on the declaration, record and payment dates, visit the CECE 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. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Perma-Pipe International Holdings, Inc. ( PPIH ). Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports CECE's forecasted earnings growth in 2017 as -30.98%, compared to an industry average of 15.8%. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Perma-Pipe International Holdings, Inc. ( PPIH ). CECE's current earnings per share, an indicator of a company's profitability, is -$1.16. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Perma-Pipe International Holdings, Inc. ( PPIH ). Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that CECE has paid the same dividend. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Perma-Pipe International Holdings, Inc. ( PPIH ). A cash dividend payment of $0.075 per share is scheduled to be paid on September 29, 2017. At the current stock price of $7.97, the dividend yield is 3.76%. | 4dbf1b0b-3189-4bed-bba6-efa36809ec27 |
709938.0 | 2017-09-08 00:00:00 UTC | Donaldson's (DCI) Q4 Earnings Miss, Revenues Beat Estimates | DCI | https://www.nasdaq.com/articles/donaldsons-dci-q4-earnings-miss-revenues-beat-estimates-2017-09-08 | nan | nan | Donaldson Company, Inc.DCI reported fourth-quarter fiscal 2017 adjusted earnings of 51 cents per share, which missed the Zacks Consensus Estimate of 53 cents by 3.8%. This ended the premium filtration products provider's earning streak of three quarters. However, the bottom line was up 10.9% from the prior-year quarter figure of 46 cents.
For fiscal 2017, the company's adjusted earnings per share rose 11.2% to $1.69 on a year-over-year basis. The bottom-line improvement can primarily be attributed to successful strategic initiatives and improving market conditions in Engine segment.
Quarter in Detail
Donaldson reported total sales of $660.1 million, up 11.2% on a year-over-year basis. Further, revenues surpassed the Zacks Consensus Estimate of $634.4 million comfortably. Impressive performance in Engine Products segment boosted the top line.
For fiscal 2017, Donaldson reported revenues of $2,371.9 million, up 6.8% from the prior-year figure.
Coming to the segments, Engine Products revenues increased 17.8% year over year in the fiscal fourth quarter to $ 431.9 million. Three of the four sub-segments under Engine Products - Off-Road, On Road and Aftermarket - recorded a jump in sales, which led to the overall strong performance. Sales in Aftermarket, On-road and Off-Road business increased by 19.1%, 4.4% and 28.3%, respectively. However, sales in Aerospace and Defense recorded a marginal decline of 0.1%.
Revenues at the Industrial Product segment were up 0.4% year over year to $228.2 million. Sales in Industrial Filtration Solutions and Special Applications business increased by 5.3% and 0.8%, respectively. However, sales in Gas Turbine Systems were down by 15.4%.
Donaldson's fourth quarter adjusted operating margin declined to 14.3%, compared with its value of 15.8% recorded a year ago. Margins were negatively impacted by adverse sales mix, higher raw material costs and other charges. The company's Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA") came in at $116.2 million compared with $106.4 million recorded a year ago.
Donaldson Company, Inc. Price, Consensus and EPS Surprise
Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote
Liquidity
As of Jul 31, 2017, Donaldson had cash and cash equivalents of $308.4 million compared with $243.2 million recorded a year ago. The company had long-term debt of $537.3 million as on Jul 31, 2017, compared with $350.2 million as on Jul 31, 2016.
2018 Guidance
Concurrent with the earnings release, the company provided guidance for fiscal 2018. Donaldson expects fiscal 2017 GAAP earnings in the range of $1.79-$1.93 per share compared with fiscal 2017 adjusted earnings of $1.69. Based on the current market scenario, the company expects a 4-8% year-over-year increase in full-year sales.
In terms of segments, Donaldson expects Engine Products sales to increase in the range of 6-10% compared with the prior year. While robust Aftermarket, Off-Road and On-Road sales are expected to act as tailwinds, poor sales of Aerospace and Defense are anticipated to restrict growth to some extent for Engine Products.
Donaldson anticipates Industrial Products sales to be a range of flat to 4% increase compared with the prior year, mirroring strong performance from Industrial Filtration Solutions.
Our Take
Going forward, the company believes that strong Off-Road and Aftermarket sales will continue to act as solid growth drivers. Overall, positive industry trends, including restocking and the pickup from oil and gas, innovative product and short cycle wins, are likely to act as tailwinds.
In addition, this Zacks Rank #3 (Hold) company is continually making strategic investments in sales-driving initiatives, expanding technology portfolio, and strengthening infrastructure. Donaldson is also building an e-Commerce platform, which will enable easier customer engagement. In terms of expansion of core business, the company's programs in Engine air and liquid market enjoy a win rate of over 75% which has the potential to generate minimum half a billion dollars in future revenues.
However, the company derives more than half of revenues from outside the United States. Hence, strengthening of the U.S. dollar, against local currencies in which the company operates, produces a negative impact on its financial results. Going ahead, the company anticipates foreign currency fluctuations to act as a headwind.
Stocks to Consider
Some better-ranked stocks from the same space are AGCO Corporation AGCO , Caterpillar, Inc. CAT and Barnes Group, Inc. B . While AGCO Corporation and Caterpillar sport a Zacks Rank #1 (Strong Buy), Barnes Group carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO Corporation has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 39.7%.
Caterpillar has outpaced estimates in the preceding four quarters, with an average earnings surprise of 41.4%.
Barnes Group has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 11.6%.
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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. | Donaldson Company, Inc.DCI reported fourth-quarter fiscal 2017 adjusted earnings of 51 cents per share, which missed the Zacks Consensus Estimate of 53 cents by 3.8%. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Overall, positive industry trends, including restocking and the pickup from oil and gas, innovative product and short cycle wins, are likely to act as tailwinds. | Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.DCI reported fourth-quarter fiscal 2017 adjusted earnings of 51 cents per share, which missed the Zacks Consensus Estimate of 53 cents by 3.8%. Donaldson Company, Inc. Price, Consensus and EPS Surprise Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote Liquidity As of Jul 31, 2017, Donaldson had cash and cash equivalents of $308.4 million compared with $243.2 million recorded a year ago. | Donaldson Company, Inc.DCI reported fourth-quarter fiscal 2017 adjusted earnings of 51 cents per share, which missed the Zacks Consensus Estimate of 53 cents by 3.8%. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. Price, Consensus and EPS Surprise Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote Liquidity As of Jul 31, 2017, Donaldson had cash and cash equivalents of $308.4 million compared with $243.2 million recorded a year ago. | Donaldson Company, Inc.DCI reported fourth-quarter fiscal 2017 adjusted earnings of 51 cents per share, which missed the Zacks Consensus Estimate of 53 cents by 3.8%. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues at the Industrial Product segment were up 0.4% year over year to $228.2 million. | 08b65dea-deae-419f-8dc4-9b3aae736a53 |
709939.0 | 2017-09-07 00:00:00 UTC | RSI Alert: Donaldson (DCI) Now Oversold | DCI | https://www.nasdaq.com/articles/rsi-alert-donaldson-dci-now-oversold-2017-09-07 | nan | nan | 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 Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $43.37 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 54.1. A bullish investor could look at DCI's 29.3 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 DCI shares:
Looking at the chart above, DCI's low point in its 52 week range is $35.59 per share, with $48.91 as the 52 week high point - that compares with a last trade of $43.30.
According to the ETF Finder at ETF Channel, DCI makes up 1143072.81% of the SPDR S&P Dividend ETF (Symbol: SDY) which is trading lower by about 0.5% on the day Thursday.
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. | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $43.37 per share. A bullish investor could look at DCI's 29.3 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 DCI shares: Looking at the chart above, DCI's low point in its 52 week range is $35.59 per share, with $48.91 as the 52 week high point - that compares with a last trade of $43.30. | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $43.37 per share. The chart below shows the one year performance of DCI shares: Looking at the chart above, DCI's low point in its 52 week range is $35.59 per share, with $48.91 as the 52 week high point - that compares with a last trade of $43.30. A bullish investor could look at DCI's 29.3 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. | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $43.37 per share. The chart below shows the one year performance of DCI shares: Looking at the chart above, DCI's low point in its 52 week range is $35.59 per share, with $48.91 as the 52 week high point - that compares with a last trade of $43.30. A bullish investor could look at DCI's 29.3 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. | In trading on Thursday, shares of Donaldson Co. Inc. (Symbol: DCI) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $43.37 per share. According to the ETF Finder at ETF Channel, DCI makes up 1143072.81% of the SPDR S&P Dividend ETF (Symbol: SDY) which is trading lower by about 0.5% on the day Thursday. A bullish investor could look at DCI's 29.3 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. | d27f87bc-6cb7-4dd0-8c86-948161509b4e |
709940.0 | 2017-09-06 00:00:00 UTC | Pre-Market Earnings Report for September 7, 2017 : DCI, BRC, CONN, BKS, MBUU, FCEL, JW.A | DCI | https://www.nasdaq.com/articles/pre-market-earnings-report-september-7-2017-dci-brc-conn-bks-mbuu-fcel-jwa-2017-09-06 | nan | nan | The following companies are expected to report earnings prior to market open on 09/07/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2017. The pollution control company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.53. This value represents a 15.22% increase compared to the same quarter last year. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -8%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 27.29 vs. an industry ratio of 13.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Brady Corporation ( BRC ) is reporting for the quarter ending July 31, 2017. The protection safety company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.46. This value represents a 6.12% decrease compared to the same quarter last year. In the past year BRC has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for BRC is 18.20 vs. an industry ratio of 15.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Conn's, Inc. ( CONN ) is reporting for the quarter ending July 31, 2017. The retail company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.01. This value represents a 75.00% increase compared to the same quarter last year. In the past year CONN has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 77.27%. The "days to cover" for this stock exceeds 21 days. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CONN is 54.29 vs. an industry ratio of 22.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Barnes & Noble, Inc. ( BKS ) is reporting for the quarter ending July 31, 2017. The retail company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.14. This value represents a 100.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for BKS is 13.30 vs. an industry ratio of 14.40.
Malibu Boats, Inc. ( MBUU ) is reporting for the quarter ending June 30, 2017. The leisure (recreational) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.41. This value represents a 13.89% increase compared to the same quarter last year. In the past year MBUU has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for MBUU is 17.62 vs. an industry ratio of 19.80.
FuelCell Energy, Inc. ( FCEL ) is reporting for the quarter ending July 31, 2017. The alternative energy company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.23. This value represents a 39.47% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for FCEL is -1.38 vs. an industry ratio of 6.70.
John Wiley & Sons, Inc. (JW.A) is reporting for the quarter ending July 31, 2017. The book publisher company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.53. This value represents a 1.92% increase compared to the same quarter last year. JW.A missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -14.75%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for JW.A is 0.00 vs. an industry ratio of 17.00.
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. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2017. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -8%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 27.29 vs. an industry ratio of 13.50, implying that they will have a higher earnings growth than their competitors in the same industry. | Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 27.29 vs. an industry ratio of 13.50, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2017. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -8%. | Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 27.29 vs. an industry ratio of 13.50, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2017. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -8%. | DCI missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -8%. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 27.29 vs. an industry ratio of 13.50, implying that they will have a higher earnings growth than their competitors in the same industry. | 7b412235-4b79-4454-b863-2894225b197e |
709941.0 | 2017-09-02 00:00:00 UTC | Donaldson Company reports Q4 results September 7 | DCI | https://www.nasdaq.com/articles/donaldson-company-reports-q4-results-september-7-2017-09-02 | nan | nan | What's Happening
Machinery maker Donaldson Co. ( DCI ) is expected to report fiscal fourth-quarter numbers before the market open September 7. Analysts forecast earnings of $0.53 per share, versus $0.46 during the same period last year. The stock is up 12.2% on the year.
Technical Analysis
DCI was recently trading at $47.40, down $1.51 from its 12-month high and $11.81 above its 12-month low. Overall technical indicators for DCI are bullish and the stock is in a strong upward trend. The stock has recent support above $46.25, and recent resistance below $47.95. Of the 11 analysts who cover the stock, one rates it a "strong buy", nine rate it a "hold", and one rates it a "sell". The stock receives S&P Capital IQ's 3 STARS "Hold" ranking.
Analyst's Thoughts
Donaldson Co. has enjoyed steady gains over the last year, and if the company is able to post better than expected numbers, the stock should be able to build on recent gains and continue to hit new record highs. The stock's valuation is a bit high, with a P/E of 28.2, but earnings have been rising nicely, and are expected to rise again during the last quarter. If the company is able to hit the consensus, the $0.53 profit would translate to a year over year increase of 15.2%, which should be strong enough to allow the market to overlook the slightly high P/E and push shares higher. The industry average P/E is 39.0, so the stock is definitely trading cheaper than its peers which is another reason to expect shares to move higher on a better than expected report.
Stock Only Trade
If you're looking to establish a long stock position in DCI, consider buying the stock under $47.50. Sell if it falls below $42.75 or take profits if it gets to $54.50.
Bullish Trade
If you want a bullish hedged trade on the stock, consider a February 35/40 bull-put credit spread for a 20-cent credit. That's a potential 4.2% return (9.1% annualized*) and the stock would have to fall 15.2% to cause a problem.
Bearish Trade
If you want to take a bearish stance on the stock at this time, consider a February 50/55 bear-call credit spread for a 70-cent credit. That's a potential 16.3% return (35.4% annualized*) and the stock would have to rise 7.0% to cause a problem.
Covered Call Trade
There are no covered call trades we like on the stock at this time with a high enough potential return.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Originally published on InvestorsObserver.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | What's Happening Machinery maker Donaldson Co. ( DCI ) is expected to report fiscal fourth-quarter numbers before the market open September 7. Overall technical indicators for DCI are bullish and the stock is in a strong upward trend. Technical Analysis DCI was recently trading at $47.40, down $1.51 from its 12-month high and $11.81 above its 12-month low. | What's Happening Machinery maker Donaldson Co. ( DCI ) is expected to report fiscal fourth-quarter numbers before the market open September 7. Technical Analysis DCI was recently trading at $47.40, down $1.51 from its 12-month high and $11.81 above its 12-month low. Overall technical indicators for DCI are bullish and the stock is in a strong upward trend. | Stock Only Trade If you're looking to establish a long stock position in DCI, consider buying the stock under $47.50. What's Happening Machinery maker Donaldson Co. ( DCI ) is expected to report fiscal fourth-quarter numbers before the market open September 7. Technical Analysis DCI was recently trading at $47.40, down $1.51 from its 12-month high and $11.81 above its 12-month low. | Technical Analysis DCI was recently trading at $47.40, down $1.51 from its 12-month high and $11.81 above its 12-month low. What's Happening Machinery maker Donaldson Co. ( DCI ) is expected to report fiscal fourth-quarter numbers before the market open September 7. Overall technical indicators for DCI are bullish and the stock is in a strong upward trend. | 9b0b651b-c61f-46a7-9dea-b819190fdf4b |
709942.0 | 2017-08-18 00:00:00 UTC | Mario Gabelli Comments on Donaldson Company Inc. | DCI | https://www.nasdaq.com/articles/mario-gabelli-comments-donaldson-company-inc-2017-08-18 | nan | nan | Donaldson_ Company,_ Inc._ ( NYSE:DCI )(0.9%)_ (DCI_-_ $45.54_-_ NYSE)
Warning! GuruFocus has detected 6 Warning Sign with DCI. Click here to check it out.
DCI 15-Year Financial Data
The intrinsic value of DCI
Peter Lynch Chart of DCI
Mario GabelliTradesPortfolioPremium 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. | GuruFocus has detected 6 Warning Sign with DCI. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Donaldson_ Company,_ Inc._ ( NYSE:DCI )(0.9%)_ (DCI_-_ $45.54_-_ NYSE) Warning! | Donaldson_ Company,_ Inc._ ( NYSE:DCI )(0.9%)_ (DCI_-_ $45.54_-_ NYSE) Warning! The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. GuruFocus has detected 6 Warning Sign with DCI. | DCI 15-Year Financial Data The intrinsic value of DCI Peter Lynch Chart of DCI Mario GabelliTradesPortfolioPremium 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. Donaldson_ Company,_ Inc._ ( NYSE:DCI )(0.9%)_ (DCI_-_ $45.54_-_ NYSE) Warning! | GuruFocus has detected 6 Warning Sign with DCI. Donaldson_ Company,_ Inc._ ( NYSE:DCI )(0.9%)_ (DCI_-_ $45.54_-_ NYSE) Warning! DCI 15-Year Financial Data The intrinsic value of DCI Peter Lynch Chart of DCI Mario GabelliTradesPortfolioPremium Members This article first appeared on GuruFocus . | d9d05b32-db70-4e0b-9563-5fe598f55e76 |
709943.0 | 2017-08-09 00:00:00 UTC | Ex-Dividend Reminder: GasLog, Federal Signal and Donaldson | DCI | https://www.nasdaq.com/articles/ex-dividend-reminder-gaslog-federal-signal-and-donaldson-2017-08-09 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 8/10/17, GasLog Ltd (Symbol: GLOG), Federal Signal Corp. (Symbol: FSS), and Donaldson Co. Inc. (Symbol: DCI) will all trade ex-dividend for their respective upcoming dividends. GasLog Ltd will pay its quarterly dividend of $0.14 on 8/24/17, Federal Signal Corp. will pay its quarterly dividend of $0.07 on 9/6/17, and Donaldson Co. Inc. will pay its quarterly dividend of $0.18 on 8/31/17. As a percentage of GLOG's recent stock price of $16.80, this dividend works out to approximately 0.83%, so look for shares of GasLog Ltd to trade 0.83% lower - all else being equal - when GLOG shares open for trading on 8/10/17. Similarly, investors should look for FSS to open 0.37% lower in price and for DCI to open 0.38% lower, all else being equal.
Below are dividend history charts for GLOG, FSS, and DCI, showing historical dividends prior to the most recent ones declared.
GasLog Ltd (Symbol: GLOG) :
Federal Signal Corp. (Symbol: FSS) :
Donaldson Co. Inc. (Symbol: DCI) :
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 3.33% for GasLog Ltd, 1.49% for Federal Signal Corp., and 1.52% for Donaldson Co. Inc..
In Wednesday trading, GasLog Ltd shares are currently down about 0.6%, Federal Signal Corp. shares are down about 0.1%, and Donaldson Co. Inc. shares are off about 0.3% on the day.
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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. | Looking at the universe of stocks we cover at Dividend Channel , on 8/10/17, GasLog Ltd (Symbol: GLOG), Federal Signal Corp. (Symbol: FSS), and Donaldson Co. Inc. (Symbol: DCI) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for FSS to open 0.37% lower in price and for DCI to open 0.38% lower, all else being equal. Below are dividend history charts for GLOG, FSS, and DCI, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel , on 8/10/17, GasLog Ltd (Symbol: GLOG), Federal Signal Corp. (Symbol: FSS), and Donaldson Co. Inc. (Symbol: DCI) will all trade ex-dividend for their respective upcoming dividends. GasLog Ltd (Symbol: GLOG) : Federal Signal Corp. (Symbol: FSS) : Donaldson Co. Inc. (Symbol: DCI) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for FSS to open 0.37% lower in price and for DCI to open 0.38% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 8/10/17, GasLog Ltd (Symbol: GLOG), Federal Signal Corp. (Symbol: FSS), and Donaldson Co. Inc. (Symbol: DCI) will all trade ex-dividend for their respective upcoming dividends. GasLog Ltd (Symbol: GLOG) : Federal Signal Corp. (Symbol: FSS) : Donaldson Co. Inc. (Symbol: DCI) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for FSS to open 0.37% lower in price and for DCI to open 0.38% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 8/10/17, GasLog Ltd (Symbol: GLOG), Federal Signal Corp. (Symbol: FSS), and Donaldson Co. Inc. (Symbol: DCI) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for FSS to open 0.37% lower in price and for DCI to open 0.38% lower, all else being equal. Below are dividend history charts for GLOG, FSS, and DCI, showing historical dividends prior to the most recent ones declared. | 7e0f7578-8f9a-4b99-b714-3fc80bc6e9f4 |
709944.0 | 2017-07-27 00:00:00 UTC | Cimpress (CMPR) Q4 Loss Wider than Expected, Revenues Beat | DCI | https://www.nasdaq.com/articles/cimpress-cmpr-q4-loss-wider-than-expected-revenues-beat-2017-07-27 | nan | nan | Business services provider Cimpress N.V.CMPR reported a wider GAAP loss for the fourth-quarter of fiscal 2017.
GAAP net loss for the quarter was $34.7 million or $1.11 per share against net income of $16.9 million or 51 cents per share in the year-ago quarter. The results were affected by the year-over-year impact of non-operational and non-cash currency on the quarter. The significant year-over-year decline in earnings despite top-line growth was primarily attributable to high operating expenses. The reported loss was wider than the Zacks Consensus Estimate of a loss of 1 cent.
For full fiscal 2017, GAAP net loss was $71.7 million or $2.29 per share against net income of $54.3 million or $1.64 per share in fiscal 2016.
Inside the Headlines
Total revenue in fiscal fourth quarter jumped 18% year over year to $564.3 million, beating the Zacks Consensus Estimate of $559.7 million. Excluding fluctuations from currency exchange rate and revenues from acquisitions during the past one year, revenues increased 9% year over year. For the full fiscal, the company recorded revenues of $2,135.4 million compared with $1,788 million in fiscal 2016. The improvement was primarily owing to better performance in the Upload and Print segment, partially offset by a decline in certain partner revenues.
Cimpress N.V Price, Consensus and EPS Surprise
Cimpress N.V Price, Consensus and EPS Surprise | Cimpress N.V Quote
Segmental Revenues
Revenues from the Vistaprint segment came in at $319.2 million, up from $305 million in the year-ago quarter. The Upload and Print segment's revenues increased significantly to $161.8 million from $146.5 million in the year-earlier quarter. Revenues from All Other Business increased 6.1% year over year to $29.4 million from $27.7 million in the prior-year quarter.
Gross margin in the reported quarter contracted to 50.5% from 53.7% in the year-ago period. The fall in margin was attributable to lower Vistaprint gross margins due to planned investments and unfavorable currency changes.
Adjusted net operating profit after tax in the reported quarter was $9.6 million, considerably down from $16.9 million in the year-ago quarter.
The company recently entered into an agreement to divest its Albumprinter business, including its FotoKnudsen subsidiary. The company expects the sale to be completed in the first quarter of fiscal 2018.
Balance Sheet and Cash Flow
As of Jun 30, 2017, Cimpress had $25.7 million in cash and cash equivalents and long-term debt of $847.7 million. At quarter end, the company had $211.8 million of borrowing capacity available under its committed credit facility.
In fiscal year 2017, Cimpress had cash and cash equivalents of $77.4 million and long-term debt of $656.8 million.
Capital expenditures in the reported quarter were $17.2 million or 3.1% of revenues. During the quarter, the company generated $33.1 million of cash from operations. The company generated $156.7 million of cash from operations during the full fiscal year. For the full fiscal year, capital expenditures came in at $74.2 million or 3.5% of revenues.
Moving Forward
For fiscal-year 2018, the company is focused on delivering impressive returns from past investment spend. The company expects to invest significantly against its organic growth opportunities which are expected to bring higher unlevered free cash flow in fiscal year 2018.
Cimpress currently has a Zacks Rank #1 (Strong Buy). A few other stocks to consider from the same space are Allegion PLC (ALLE), A. O. Smith Corporation (AOS) and Donaldson Company, Inc. (DCI).
Allegion PLC ALLE , which delivered an average positive earnings surprise of 2.01% in the last four quarters, carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Smith (A.O.) Corporation AOS carries a Zacks Rank #2 and delivered an average positive earnings surprise of 4.88% in the last four quarters.
Donaldson Company, Inc. DCI carries a Zacks Rank #2 and came up with an average positive earnings surprise of 3.94% in the last four quarters.
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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. | A few other stocks to consider from the same space are Allegion PLC (ALLE), A. O. Smith Corporation (AOS) and Donaldson Company, Inc. (DCI). Donaldson Company, Inc. DCI carries a Zacks Rank #2 and came up with an average positive earnings surprise of 3.94% in the last four quarters. Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Cimpress N.V (CMPR): Free Stock Analysis Report Allegion PLC (ALLE): Free Stock Analysis Report To read this article on Zacks.com click here. | A few other stocks to consider from the same space are Allegion PLC (ALLE), A. O. Smith Corporation (AOS) and Donaldson Company, Inc. (DCI). Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Cimpress N.V (CMPR): Free Stock Analysis Report Allegion PLC (ALLE): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. DCI carries a Zacks Rank #2 and came up with an average positive earnings surprise of 3.94% in the last four quarters. | Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Cimpress N.V (CMPR): Free Stock Analysis Report Allegion PLC (ALLE): Free Stock Analysis Report To read this article on Zacks.com click here. A few other stocks to consider from the same space are Allegion PLC (ALLE), A. O. Smith Corporation (AOS) and Donaldson Company, Inc. (DCI). Donaldson Company, Inc. DCI carries a Zacks Rank #2 and came up with an average positive earnings surprise of 3.94% in the last four quarters. | A few other stocks to consider from the same space are Allegion PLC (ALLE), A. O. Smith Corporation (AOS) and Donaldson Company, Inc. (DCI). Donaldson Company, Inc. DCI carries a Zacks Rank #2 and came up with an average positive earnings surprise of 3.94% in the last four quarters. Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Cimpress N.V (CMPR): Free Stock Analysis Report Allegion PLC (ALLE): Free Stock Analysis Report To read this article on Zacks.com click here. | 61773ec1-cabb-4193-8a60-dc50fde97aaf |
709945.0 | 2017-07-10 00:00:00 UTC | EnerSys Struggles with Lead Price Volatility & Currency Woes | DCI | https://www.nasdaq.com/articles/enersys-struggles-with-lead-price-volatility-currency-woes-2017-07-10 | nan | nan | EnerSysENS entered fiscal 2018 on a drab note, having slashed its bottom-line guidance concurrent with the fourth-quarter fiscal 2017 results, released late in May. The Industrial battery manufacturer warned investors that lead price fluctuations, among other factors, are likely to erode its profitability substantially in the short run.
Expectedly, the stock has lost 8.9% in the past six months comparing unfavorably with the Zacks categorized Machinery-Electrical Market 's average gain of 8.2%. Also, earnings estimates have moved south in the past couple of months, indicating bearish analyst sentiment.
Factors Weighing Down
In the past, EnerSys has struggled to offset the volatility in cost of commodities. This had led to massive fluctuations in its selling prices. About 35% of its revenues are subject to agreements, which adjust pricing of lead to a market-based index. Presently, fluctuations in lead prices are putting pressure on the top line and margins significantly. The constant increase in the prices of lead and other raw materials - including steel, plastic and copper - are inflating the company's cost of goods sold.
To make matters worse, customers are placing more orders at old price levels. Though EnerSys has already initiated price increases to offset this lead price growth, the desired effects are taking longer than anticipated to take hold. On account of these factors, the company expects gross profit rate in the first fiscal quarter of 2018 to decline to approximately 26%.
In addition, strengthening of the U.S. dollar against foreign currencies is adding to EnerSys' woes. Around 60% of the company's net sales are sourced from outside the U.S., which renders it vulnerable to fluctuations in exchange rates. During the fiscal fourth quarter, currency fluctuations had a negative impact of 6% and 1% on sales in Europe and Asia, respectively.
This apart, this Zacks Rank #4 (Sell) company also has to contend itself with seasonal trends, which are likely to hit volumes in the fiscal first quarter fiscal 2018 results. Also, we believe stiff competition from other battery manufacturers and substitutes are likely to exert pricing pressure for the fiscal year. The ongoing trend of consolidation among industrial battery purchasers is likely to magnify pricing pressures.
Stocks to Consider
Some better-ranked stocks in the industry are listed below:
Barnes Group Inc. B has a solid earnings surprise history for the trailing four quarters, having beaten estimates each time for an average beat of 8.9%. It holds a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
ACCO Brands Corporation ACCO has a positive average earnings surprise of 79.7% for the last four quarters, beating estimates all through. It holds a Zacks Rank #2.
With three beats over the trailing four quarters, Donaldson Company, Inc. DCI has a positive average earnings surprise of 3.9%. The company holds a Zacks Rank #2.
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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. | With three beats over the trailing four quarters, Donaldson Company, Inc. DCI has a positive average earnings surprise of 3.9%. Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. The Industrial battery manufacturer warned investors that lead price fluctuations, among other factors, are likely to erode its profitability substantially in the short run. | With three beats over the trailing four quarters, Donaldson Company, Inc. DCI has a positive average earnings surprise of 3.9%. Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. ACCO Brands Corporation ACCO has a positive average earnings surprise of 79.7% for the last four quarters, beating estimates all through. | Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. With three beats over the trailing four quarters, Donaldson Company, Inc. DCI has a positive average earnings surprise of 3.9%. This apart, this Zacks Rank #4 (Sell) company also has to contend itself with seasonal trends, which are likely to hit volumes in the fiscal first quarter fiscal 2018 results. | With three beats over the trailing four quarters, Donaldson Company, Inc. DCI has a positive average earnings surprise of 3.9%. Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. Though EnerSys has already initiated price increases to offset this lead price growth, the desired effects are taking longer than anticipated to take hold. | 7fab2d2a-3ac9-4e5a-9442-31543b91e8ed |
709946.0 | 2017-07-06 00:00:00 UTC | UFP Technologies Hits New 52-Week High: What's Driving It? | DCI | https://www.nasdaq.com/articles/ufp-technologies-hits-new-52-week-high%3A-whats-driving-it-2017-07-06 | nan | nan | Shares of UFP Technologies, Inc.UFPT reached a new 52-week high of $28.55 during its trading session on Jul 5. This apex improved upon the last 52-week high of $28.50 on Jul 3.
In the last one year, shares of the company have rallied 23.12%, outperforming the gain of 18.34% recorded by the Zacks categorized Containers Paper/Plastic industry.
Growth Drivers
Market sentiments have been favoring UFP Technologies for quite some time now, especially after the company reported solid first-quarter 2017 results, with an earnings beat of 30.43%. Improvement in profitability was achieved primarily on the back of higher sales generation in medical end markets, rise in orders in military/aerospace market and efforts to improve operating efficiency. Since the results release on May 3, the company's share price has rallied roughly 5.3%. Also, after beating estimates in two of the last four quarters while lagging in two, the company managed to pull off an average positive earnings surprise of 7.91%.
For the quarters ahead, UFP Technologies expects to continue reaping benefits from its strategic initiatives. These efforts have been aimed at improving manufacturing processes, adding new equipments, maximum utilization of cell layouts and optimizing talented workforce. Also, the company anticipates generating revenues of $2.3 million in 2017 from its Southeast automotive door panel program. This program, started in 2004 with Mercedes Benz, is predicted to be completed in the fourth quarter of 2017.
Also, UFP Technologies remains committed toward returning value to shareholders through its share buyback programs. Of its $10 million share buyback program authorized in Jun 2015, the company bought back shares worth $0.59 million as of Mar 31, 2017. The remaining authorization of $9.4 million, as and when implemented, will work in the company's favor.
We believe that UFP Technologies' solid prospects have led to the positive revisions in earnings estimates. Over the last 60 days, the stock's Zacks Consensus Estimate grew 18.8% to $1.39 for 2017 and 1.7% to $1.75 for 2018. These estimates represent year-over-year growth of 26.36% for 2017 and 25.90% for 2018.
UFP Technologies, Inc. Price and Consensus
UFP Technologies, Inc. Price and Consensus | UFP Technologies, Inc. Quote
Zacks Rank & Stocks to Consider
With a market capitalization of $202 million, UFP Technologies currently carries a Zacks Rank #2 (Buy). Other stocks with the same rank in the sector include Donaldson Company, Inc. DCI , Parker-Hannifin Corporation PH and AptarGroup, Inc. ATR . You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Donaldson Company pulled off an average positive earnings surprise of 3.94% in the last four quarters. Also, the stock's earnings estimates for 2017 and 2018 have been revised upward over the past 60 days.
Parker-Hannifin's average earnings surprise for the last four quarters was a positive 14.94%. Also, earnings expectations for fiscal 2018 improved over the past 60 days.
AptarGroup delivered an average positive earnings surprise of 1.78% for the last four quarters. Also, its earnings are predicted to grow 9.3% in the next three to five years.
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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. | Other stocks with the same rank in the sector include Donaldson Company, Inc. DCI , Parker-Hannifin Corporation PH and AptarGroup, Inc. ATR . Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report UFP Technologies, Inc. (UFPT): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Growth Drivers Market sentiments have been favoring UFP Technologies for quite some time now, especially after the company reported solid first-quarter 2017 results, with an earnings beat of 30.43%. | Other stocks with the same rank in the sector include Donaldson Company, Inc. DCI , Parker-Hannifin Corporation PH and AptarGroup, Inc. ATR . Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report UFP Technologies, Inc. (UFPT): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. UFP Technologies, Inc. Price and Consensus UFP Technologies, Inc. Price and Consensus | UFP Technologies, Inc. Quote Zacks Rank & Stocks to Consider With a market capitalization of $202 million, UFP Technologies currently carries a Zacks Rank #2 (Buy). | Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report UFP Technologies, Inc. (UFPT): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks with the same rank in the sector include Donaldson Company, Inc. DCI , Parker-Hannifin Corporation PH and AptarGroup, Inc. ATR . Growth Drivers Market sentiments have been favoring UFP Technologies for quite some time now, especially after the company reported solid first-quarter 2017 results, with an earnings beat of 30.43%. | Other stocks with the same rank in the sector include Donaldson Company, Inc. DCI , Parker-Hannifin Corporation PH and AptarGroup, Inc. ATR . Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report UFP Technologies, Inc. (UFPT): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. In the last one year, shares of the company have rallied 23.12%, outperforming the gain of 18.34% recorded by the Zacks categorized Containers Paper/Plastic industry. | 5663236b-bcda-47c8-b041-9ad2d636dbe8 |
709947.0 | 2017-07-03 00:00:00 UTC | Donaldson (DCI) Down 2.5% Since Earnings Report: Can It Rebound? | DCI | https://www.nasdaq.com/articles/donaldson-dci-down-2.5-since-earnings-report%3A-can-it-rebound-2017-07-03 | nan | nan | It has been about a month since the last earnings report for Donaldson Company, Inc.DCI . Shares have lost about 2.5% in that time frame, underperforming the market.
Will the recent negative trend continue leading up to the stock's next earnings release, or is it due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Donaldson Q3 Earnings & Revenues Beat, Guidance Raised
Donaldson scored a hat-trick of earnings beats, as its third-quarter fiscal 2017 results surpassed estimates by $0.01. The premium filtration products provider's adjusted earnings per share of $0.45 beat the Zacks Consensus Estimate of $0.44 by 2.3%.
On a GAAP basis, the bottom-line figure of $0.45 was up 4.6% from $0.43 recorded in the prior-year quarter. Absence of pre-tax restructuring charges, sturdy top-line growth and streamlined operations proved conducive to the earnings performance.
Inside the Headlines
Donaldson reported total sales of $608.2 million, up 6.5% on a year-over-year basis. Also, revenues surpassed the Zacks Consensus Estimate of $579 million. Strong performance by the Engine Products segment drove the top line. The segment has been benefiting substantially from stabilization in market conditions and robust sales of replacement parts, resulting in overall top-line growth.
Revenues at the segment were up 13.5% year over year to $405.6 million. All the four sub-businesses within this segment - Aftermarket, Aerospace and Defense, and On Road and Off Road - grew on a year-over-year basis. Off-Road (up 27.5%), Aerospace and Defense (up 22.3%) and Aftermarket (11.1%) recorded double-digit growth. Meanwhile, On Road sub-segment (up 1.6%) returned to growth after a couple of sluggish quarters.
On the other hand, revenues at the Industrial Products segment declined 5.3% in fiscal 2017 to $202.6 million compared with the prior-year quarter. Lackluster performance by Gas Turbines Systems, which plunged 34.5% year over year, weighed on revenues. However, the Special Applications business, which was up 12.1%, offset this fall to some extent. Overall, sluggishness in first-fit demand, along with economic and geopolitical uncertainty, is hurting the profitability of this segment.
Donaldson's adjusted operating margin expanded 70 basis points (bps) to 14.5% in the fiscal third quarter. In addition, the company's Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") were $107.6 million, up from $96.7 million recorded a year ago.
Liquidity & Cash Flow
Donaldson exited the quarter with cash and equivalents of $295.9 million compared with $243.2 million as of Jul 31, 2016. The company had long-term debt of $298.1 million as of Apr 30, 2017 compared with $350.2 million as of Jul 31, 2016.
Share Repurchase Program/Dividends
During the fiscal third quarter, the company repurchased 1.3 million shares of its common stock for a total investment of $58.6 million. This takes the company's overall year-to-date share repurchase to 2.7 million for a total investment of $110.4 million. Additionally, Donaldson paid $69.5 million in dividends year to date, out of which $23.1 million were paid during the fiscal third quarter.
2017 Guidance Raised
Concurrent with the earnings release, the company raised both its bottom- and top-line guidance for fiscal 2017 for the second time in a row. Donaldson projects fiscal 2017 adjusted earnings per share in the range of $1.67-$1.71 compared with the earlier guidance of $1.60-$1.68. The company believes that benefit from the Northern Technical, L.L.C. escrow settlement, which occurred in the fiscal first quarter, will supplement earnings growth.
Currently, the company projects fiscal 2017 sales to increase up to 6% from fiscal 2016, up from the previously guided range of 2-4%. The guidance hike is primarily attributable to the additional sales accruing from the recently acquired filtration systems firm, Hy-Pro Corporation. However, currency fluctuation is expected to play a spoilsport, offsetting some of this improvement.
In terms of segments, Donaldson estimates Engine Products sales to rise 10-11% year over year, mainly supported by robust performance of Aftermarket, Off-Road, and Aerospace and Defense. Also, the segment is expected to benefit by approximately $6 million from the recent acquisition of Hy-Pro.
For the Industrial Products segment, the company expects sales to decline in the range of 3-2% on a year-over-year basis. Unimpressive Gas Turbine Systems and Special Applications performance are expected to play spoilsport.
How Have Estimates Been Moving Since Then?
Following the release, investors have witnessed an upward trend in fresh estimates. There have been six revisions higher for the current quarter In the past month. The consensus estimate has shifted by 6.1% due to these changes.
Donaldson Company, Inc. Price and Consensus
Donaldson Company, Inc. Price and Consensus | Donaldson Company, Inc. Quote
VGM Scores
At this time, Donaldson's stock has a nice Growth Score of 'B', while it is lagging a bit on the momentum front with 'C'. Charting a same path, the stock was allocated a grade of 'C' on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'B'. If you aren't focused on one strategy, this score is the one you should be interested in.
Based on our scores, the stock is more suitable for growth investors than momentum and value investors.
Outlook
Estimates have been trending upward for the stock. The magnitude of these revisions also looks promising. It comes with little surprise that the stock has a Zacks Rank #2 (Buy). We are expecting an above average return from the stock in the next few months.
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Donaldson Company, Inc. (DCI): Free Stock Analysis Report
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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. | It has been about a month since the last earnings report for Donaldson Company, Inc.DCI . Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. | It has been about a month since the last earnings report for Donaldson Company, Inc.DCI . Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Q3 Earnings & Revenues Beat, Guidance Raised Donaldson scored a hat-trick of earnings beats, as its third-quarter fiscal 2017 results surpassed estimates by $0.01. | It has been about a month since the last earnings report for Donaldson Company, Inc.DCI . Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Q3 Earnings & Revenues Beat, Guidance Raised Donaldson scored a hat-trick of earnings beats, as its third-quarter fiscal 2017 results surpassed estimates by $0.01. | It has been about a month since the last earnings report for Donaldson Company, Inc.DCI . Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Also, revenues surpassed the Zacks Consensus Estimate of $579 million. | 1c53550e-9d09-48b4-9e41-9a9ee453adba |
709948.0 | 2017-06-29 00:00:00 UTC | Here's Why You Should Add Donaldson (DCI) to Your Portfolio | DCI | https://www.nasdaq.com/articles/heres-why-you-should-add-donaldson-dci-to-your-portfolio-2017-06-29 | nan | nan | Earlier this month, filtration systems and replacement parts manufacturer, Donaldson Company, Inc.'sDCI third-quarter fiscal 2017 earnings trumped estimates, scoring a hat-trick of earnings beats. Buoyed by stabilization in market conditions, robust sales and complementary acquisitions, the company raised both its top- and bottom-line guidance for fiscal 2017 for the second time in a row.
Encouragingly, the stock has had an impressive run on the bourse, gaining 33.5% over the past one year, and outperforming the Zacks categorized Pollution Control Equipment and Services industry's average of 30.9%. We believe the company has a number of solid growth drivers, which will continue to stoke growth for the remainder of the fiscal 2017. Read on to find out the key factors which make this Zacks Rank #2 (Buy) company an attractive proposition for investors right now.
Why Should You Buy?
Impressive VGM Score: The company has a VGM Score of 'B'. The score identifies stocks that have the most attractive value, growth and momentum characteristics, and a good score indicates stronger chances of success. Our research shows that stocks with Style Scores of 'A' or 'B,' when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best upside potential.
Superior ROA: Donaldson's Return on Assets (ROA) ratio for the trailing 12 months is 12.1%, higher than that of the industry average of 9.1%. This indicates that the company uses its capital more efficiently and profitably compared with the industry.
Analyst Sentiment Positive: Analysts have become increasingly bullish on the company over the last month. The Zacks Consensus Estimate for full-year 2017 earnings trended up over the same time frame from $1.66 to $1.70, supported by eight upward estimate revisions versus zero downward.
Glance at Major Catalysts: Donaldson is beginning to experience signs of stabilization in its end markets, which are expected to benefit the company in the upcoming quarters. The positives include effects of restocking, favorable commodity prices, decent rig counts and stable industrial production. Donaldson projects fiscal 2017 adjusted earnings per share in the range of $1.67-$1.71 compared with the earlier guidance of $1.60-$1.68.
The company believes that benefit from the Northern Technical, L.L.C. escrow settlement, which occurred in the fiscal first quarter, will supplement earnings growth. Currently, Donaldson expects fiscal 2017 sales to increase up to 6% from fiscal 2016, up from the previously guided range of 2-4%. The guidance hike is primarily attributable to the additional sales accruing from the recently acquired filtration systems firm, Hy-Pro Corporation.
In terms of segments, Donaldson estimates Engine Products sales to rise 10-11% year over year, mainly supported by robust performance of the Aftermarket, Off-Road, and Aerospace and Defense segments. For the Industrial Products segment, the company expects sales to decline in the range of 3-2% on a year-over-year basis. Unimpressive Gas Turbine Systems and Special Applications performance are also expected to play spoilsport.
Streamlining Efforts: In order to maximize growth opportunities, Donaldson has been undertaking restructuring initiatives to align its operating and manufacturing cost structure. The company expects to realize about $12 million of incremental restructuring benefits in fiscal 2017 from the actions taken in fiscal 2016. As a matter of fact, Donaldson's profitability has benefited significantly from restructuring actions that were implemented over the last 12 months.
Globally, the company has identified opportunities to cut about $8 million of expenses out of their respective businesses from these restructuring actions. Donaldson believes that its previously completed ERP implementation program will help slash its expense run rate by a few million dollars. Going forward, ERP implementation is expected to improve inventory management, pricing and processes, adding to Donaldson's strength.
Other Stocks to Consider
Other top-ranked stocks in the industry include Barnes Group Inc. B , ACCO Brands Corporation ACCO and Ingersoll-Rand Plc IR . Each stock carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Barnes Group has a solid earnings surprise history for the trailing four quarters, having beaten estimates each time for an average of 8.9%.
ACCO Brands has a positive average earnings surprise of 79.7% for the last four quarters, beating estimates all through.
With three beats over the trailing four quarters, Ingersoll-Rand has a positive average earnings surprise of 3.6%.
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It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
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Acco Brands Corporation (ACCO): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): 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. | Earlier this month, filtration systems and replacement parts manufacturer, Donaldson Company, Inc.'sDCI third-quarter fiscal 2017 earnings trumped estimates, scoring a hat-trick of earnings beats. Click to get this free report Ingersoll-Rand PLC (Ireland) (IR): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Buoyed by stabilization in market conditions, robust sales and complementary acquisitions, the company raised both its top- and bottom-line guidance for fiscal 2017 for the second time in a row. | Earlier this month, filtration systems and replacement parts manufacturer, Donaldson Company, Inc.'sDCI third-quarter fiscal 2017 earnings trumped estimates, scoring a hat-trick of earnings beats. Click to get this free report Ingersoll-Rand PLC (Ireland) (IR): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other top-ranked stocks in the industry include Barnes Group Inc. B , ACCO Brands Corporation ACCO and Ingersoll-Rand Plc IR . | Earlier this month, filtration systems and replacement parts manufacturer, Donaldson Company, Inc.'sDCI third-quarter fiscal 2017 earnings trumped estimates, scoring a hat-trick of earnings beats. Click to get this free report Ingersoll-Rand PLC (Ireland) (IR): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other top-ranked stocks in the industry include Barnes Group Inc. B , ACCO Brands Corporation ACCO and Ingersoll-Rand Plc IR . | Earlier this month, filtration systems and replacement parts manufacturer, Donaldson Company, Inc.'sDCI third-quarter fiscal 2017 earnings trumped estimates, scoring a hat-trick of earnings beats. Click to get this free report Ingersoll-Rand PLC (Ireland) (IR): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Our research shows that stocks with Style Scores of 'A' or 'B,' when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best upside potential. | 85858cde-f33a-48b6-b505-f4ef0f9f53b6 |
709949.0 | 2017-06-29 00:00:00 UTC | Casella Waste Hits New 52-Week High: What's Driving it? | DCI | https://www.nasdaq.com/articles/casella-waste-hits-new-52-week-high%3A-whats-driving-it-2017-06-29 | nan | nan | Shares of Casella Waste Systems, Inc.CWST reached a new 52-week high of $16.95 during its trading session on Jun 28. This apex improved upon the last 52-week high of $16.73 on Jun 27.
In the last three months, shares of the company have rallied 19.23%, outperforming the gain of 2.43% recorded by the Zacks categorized Pollution Control Equipments & Services industry.
On Jun 28, Casella Waste closed its trading session at $16.62, yielding a year-to-date return of roughly 33.9%. The trading volume for the session was approximately 0.25 million shares. Positive earnings estimate revisions for 2017 and 2018 indicate the stock's potential for further price appreciation.
Growth Drivers
Market sentiments have been favoring Casella Waste for quite some time now, especially after the company reported solid first-quarter 2017 results, with an earnings beat of 111.11%. Improvement in profitability was achieved on the back of higher sales generation from solid waste operations, organics, customer solutions and recycling services. In the last four quarters (including results of the first quarter), the company pulled off an average positive earnings surprise of 187.78%.
For the quarters ahead, Casella Waste remains committed toward lowering leverage via debt repayments and improving free cash flow on the back of higher operating cash flow generation and control over capital expenditures. Also, the company anticipates improving landfill returns and generating higher profitability from collection operations and recycling business.
The company targets generating revenues of $577−$587 million in 2017, up from $565 million in 2016. In addition, the company predicts adjusted earnings before interest, tax, depreciation and amortization to be in a $124−$128 million range compared with $120.6 million in 2016. Free cash flow will likely be within $32−$36 million versus $27.1 million in 2016.
We believe that Casella Waste's solid prospects have led to the positive revisions in earnings estimates. Over the last 60 days, the Zacks Consensus Estimate on the stock grew 14.9% to 54 cents for 2017 and 5.3% to 60 cents for 2018. These estimates represent year-over-year growth of 182.9% for 2017 and 12.3% for 2018.
Casella Waste Systems, Inc. Price and Consensus
Casella Waste Systems, Inc. Price and Consensus | Casella Waste Systems, Inc. Quote
Zacks Rank & Stocks to Consider
With a market capitalization of $696 million, Casella Waste currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the sector include Donaldson Company, Inc. DCI , Parker-Hannifin Corporation PH and Kennametal Inc. KMT . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Donaldson Company pulled off an average positive earnings surprise of 3.94% in the last four quarters. Also, earnings estimates on the stock for 2017 and 2018 have been revised upward over the past 60 days.
Parker-Hannifin's average earnings surprise for the last four quarters was a positive 14.94%. Also, earnings expectations for fiscal 2017 and fiscal 2018 improved over the past 60 days.
Kennametal delivered an average positive earnings surprise of 6.24% for the last four quarters. Also, its earnings are predicted to grow 8.3% in the next three to five years.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
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Kennametal Inc. (KMT): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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. | Some better-ranked stocks in the sector include Donaldson Company, Inc. DCI , Parker-Hannifin Corporation PH and Kennametal Inc. KMT . Click to get this free report Kennametal Inc. (KMT): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. In the last three months, shares of the company have rallied 19.23%, outperforming the gain of 2.43% recorded by the Zacks categorized Pollution Control Equipments & Services industry. | Click to get this free report Kennametal Inc. (KMT): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the sector include Donaldson Company, Inc. DCI , Parker-Hannifin Corporation PH and Kennametal Inc. KMT . For the quarters ahead, Casella Waste remains committed toward lowering leverage via debt repayments and improving free cash flow on the back of higher operating cash flow generation and control over capital expenditures. | Click to get this free report Kennametal Inc. (KMT): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the sector include Donaldson Company, Inc. DCI , Parker-Hannifin Corporation PH and Kennametal Inc. KMT . For the quarters ahead, Casella Waste remains committed toward lowering leverage via debt repayments and improving free cash flow on the back of higher operating cash flow generation and control over capital expenditures. | Some better-ranked stocks in the sector include Donaldson Company, Inc. DCI , Parker-Hannifin Corporation PH and Kennametal Inc. KMT . Click to get this free report Kennametal Inc. (KMT): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. We believe that Casella Waste's solid prospects have led to the positive revisions in earnings estimates. | 2558e9a7-71d5-4d11-8990-0a7678ddb2e7 |
709950.0 | 2017-06-14 00:00:00 UTC | EnerSys (ENS) Unit Clinches $60M Battery Supply Contract | DCI | https://www.nasdaq.com/articles/enersys-ens-unit-clinches-%2460m-battery-supply-contract-2017-06-14 | nan | nan | Industrial battery manufacturer, EnerSysENS , recently announced that it has secured a contract worth over $60 million to supply lithium-ion cells and batteries to space agencies and Original Equipment Manufacturers (OEMs) worldwide. This contract win signals the company's growing presence within the aerospace and defense sector.
These batteries, which can be deployed in various types of satellites and launch vehicles, are scheduled for shipment later this year. EnerSys' subsidiary, Quallion LLC, will be in charge of manufacturing the raw materials and 72Ah large-format lithium-ion cells at its California facility. Another operating arm of the company - ABSL Space Products - will design, manufacture and test the batteries.
For U.S.-based space programs, ABSL Space Products will manufacture the batteries at Longmont, CO, whereas for European programs, the batteries will be manufactured in Oxfordshire, UK. EnerSys already enjoys a dominant foothold in the Thin Plate Pure Lead ("TPPL") battery market and is a trusted supplier of energy storage solutions to a gamut of commercial, industrial and defense applications.
In addition, over the past decade, the company has supplied batteries designed for manned-flight space applications and NASA manned spacewalks as well. The latest contract win highlights EnerSys' rapidly expanding portfolio of lithium-ion cells and will help the company foray beyond its traditional lead-acid business. The company's long-term growth drivers include higher demand for premium products, lean initiatives, robust prospects in Asia, cost-reduction programs and strategic product launches.
Near-Term Headwinds Playing Spoilsport
Despite the long-term drivers, EnerSys' has had a dismal run on the bourse in the last six months. Its shares have lost 2.1%, in stark contrast to the Zacks categorized Machinery-Electrical Market 's average gain of 12.4%. Also, EnerSys' earnings estimates have moved south in the past couple of months, which indicate bearish analyst sentiment for the stock.
The Zacks Consensus Estimate for fiscal 2018 earnings dropped from $5.02 to $4.89, over the last 60 days, thanks to two downward estimate revisions versus none upward. Most of EnerSys' near-term problems are stemming from persistent increase in the prices of lead and other raw materials, including steel, plastic and copper. In light of sharply rising lead cost, customers are placing more orders at old price levels, hurting profits.
In order to combat the lead price rise, the Zacks Rank #4 (Sell) company has already initiated price increases, but the desired effects are taking longer than anticipated to take hold, adding to woes. Going by the company's drab guidance for fiscal 2018, the challenging times are expected to linger longer than expected.
Stocks to Consider
Some better-ranked stocks in the industry are listed below:
Barnes Group Inc. B has a solid earnings surprise history for the trailing four quarters, having beaten estimates each time for an average beat of 8.9%. It holds a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
ACCO Brands Corporation ACCO has a positive average earnings surprise of 79.7% for the last four quarters, beating estimates all through. It holds a Zacks Rank #2.
With three beats over the trailing four quarters, Donaldson Company, Inc. DCI has a positive average earnings surprise of 3.9%. The company holds a Zacks Rank #2.
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Barnes Group, Inc. (B): Free Stock Analysis Report
Acco Brands Corporation (ACCO): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Enersys (ENS): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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. | With three beats over the trailing four quarters, Donaldson Company, Inc. DCI has a positive average earnings surprise of 3.9%. Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. EnerSys already enjoys a dominant foothold in the Thin Plate Pure Lead ("TPPL") battery market and is a trusted supplier of energy storage solutions to a gamut of commercial, industrial and defense applications. | With three beats over the trailing four quarters, Donaldson Company, Inc. DCI has a positive average earnings surprise of 3.9%. Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. ACCO Brands Corporation ACCO has a positive average earnings surprise of 79.7% for the last four quarters, beating estimates all through. | Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. With three beats over the trailing four quarters, Donaldson Company, Inc. DCI has a positive average earnings surprise of 3.9%. In order to combat the lead price rise, the Zacks Rank #4 (Sell) company has already initiated price increases, but the desired effects are taking longer than anticipated to take hold, adding to woes. | With three beats over the trailing four quarters, Donaldson Company, Inc. DCI has a positive average earnings surprise of 3.9%. Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. In order to combat the lead price rise, the Zacks Rank #4 (Sell) company has already initiated price increases, but the desired effects are taking longer than anticipated to take hold, adding to woes. | 3172dfb9-2dec-40f9-b11c-c08822a7f541 |
709951.0 | 2017-06-13 00:00:00 UTC | CECO Environmental Corp. (CECE) Ex-Dividend Date Scheduled for June 14, 2017 | DCI | https://www.nasdaq.com/articles/ceco-environmental-corp-cece-ex-dividend-date-scheduled-june-14-2017-2017-06-13 | nan | nan | CECO Environmental Corp. ( CECE ) will begin trading ex-dividend on June 14, 2017. A cash dividend payment of $0.075 per share is scheduled to be paid on June 30, 2017. Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 13.64% increase over prior dividend payment. At the current stock price of $9.39, the dividend yield is 3.19%.
The previous trading day's last sale of CECE was $9.39, representing a -36.9% decrease from the 52 week high of $14.88 and a 15.07% increase over the 52 week low of $8.16.
CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Perma-Pipe International Holdings, Inc. ( PPIH ). CECE's current earnings per share, an indicator of a company's profitability, is -$1.2. Zacks Investment Research reports CECE's forecasted earnings growth in 2017 as -18.18%, compared to an industry average of 20.8%.
For more information on the declaration, record and payment dates, visit the CECE 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. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Perma-Pipe International Holdings, Inc. ( PPIH ). Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports CECE's forecasted earnings growth in 2017 as -18.18%, compared to an industry average of 20.8%. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Perma-Pipe International Holdings, Inc. ( PPIH ). This represents an 13.64% increase over prior dividend payment. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Perma-Pipe International Holdings, Inc. ( PPIH ). Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of CECE was $9.39, representing a -36.9% decrease from the 52 week high of $14.88 and a 15.07% increase over the 52 week low of $8.16. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Perma-Pipe International Holdings, Inc. ( PPIH ). A cash dividend payment of $0.075 per share is scheduled to be paid on June 30, 2017. Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. | 0704e825-d8fc-4b84-9c68-836b0dd70061 |
709952.0 | 2017-06-07 00:00:00 UTC | Donaldson Company, Inc. (DCI) Ex-Dividend Date Scheduled for June 08, 2017 | DCI | https://www.nasdaq.com/articles/donaldson-company-inc-dci-ex-dividend-date-scheduled-june-08-2017-2017-06-07 | nan | nan | Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on June 08, 2017. A cash dividend payment of $0.175 per share is scheduled to be paid on June 28, 2017. Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th quarter that DCI has paid the same dividend. At the current stock price of $45.19, the dividend yield is 1.55%.
The previous trading day's last sale of DCI was $45.19, representing a -7.61% decrease from the 52 week high of $48.91 and a 36.03% increase over the 52 week low of $33.22.
DCI is a part of the Capital Goods sector, which includes companies such as CECO Environmental Corp. ( CECE ) and Perma-Pipe International Holdings, Inc. ( PPIH ). DCI's current earnings per share, an indicator of a company's profitability, is $1.67. Zacks Investment Research reports DCI's forecasted earnings growth in 2017 as 11.48%, compared to an industry average of 20.8%.
For more information on the declaration, record and payment dates, visit the DCI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DCI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DCI as a top-10 holding:
VanEck Vectors Environmental Services ETF ( EVX )
ProShares S&P MidCap 400 Dividend Aristocrats ETF ( REGL ).
The top-performing ETF of this group is EVX with an increase of 4.73% over the last 100 days. It also has the highest percent weighting of DCI at 3.76%.
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. | DCI is a part of the Capital Goods sector, which includes companies such as CECO Environmental Corp. ( CECE ) and Perma-Pipe International Holdings, Inc. ( PPIH ). Zacks Investment Research reports DCI's forecasted earnings growth in 2017 as 11.48%, compared to an industry average of 20.8%. For more information on the declaration, record and payment dates, visit the DCI Dividend History page. | DCI's current earnings per share, an indicator of a company's profitability, is $1.67. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on June 08, 2017. | Shareholders who purchased DCI 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 DCI Dividend History page. The following ETF(s) have DCI as a top-10 holding: VanEck Vectors Environmental Services ETF ( EVX ) ProShares S&P MidCap 400 Dividend Aristocrats ETF ( REGL ). | DCI's current earnings per share, an indicator of a company's profitability, is $1.67. The following ETF(s) have DCI as a top-10 holding: VanEck Vectors Environmental Services ETF ( EVX ) ProShares S&P MidCap 400 Dividend Aristocrats ETF ( REGL ). Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on June 08, 2017. | 58ff8aa8-870d-4de3-a57e-f9b7b55025b9 |
709953.0 | 2017-06-06 00:00:00 UTC | Ex-Div Reminder for Donaldson (DCI) | DCI | https://www.nasdaq.com/articles/ex-div-reminder-donaldson-dci-2017-06-06 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 6/8/17, Donaldson Co. Inc. (Symbol: DCI) will trade ex-dividend, for its quarterly dividend of $0.175, payable on 6/28/17. As a percentage of DCI's recent stock price of $45.13, this dividend works out to approximately 0.39%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DCI is likely to continue, and whether the current estimated yield of 1.55% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DCI shares, versus its 200 day moving average:
Looking at the chart above, DCI's low point in its 52 week range is $33.22 per share, with $48.91 as the 52 week high point - that compares with a last trade of $45.15.
According to the ETF Finder at ETF Channel, DCI makes up 3.83% of the Environmental Services ETF (Symbol: EVX) which is trading relatively unchanged on the day Tuesday.
In Tuesday trading, Donaldson Co. Inc. shares are currently off about 0.8% 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. | As a percentage of DCI's recent stock price of $45.13, this dividend works out to approximately 0.39%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DCI is likely to continue, and whether the current estimated yield of 1.55% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $33.22 per share, with $48.91 as the 52 week high point - that compares with a last trade of $45.15. | Looking at the universe of stocks we cover at Dividend Channel , on 6/8/17, Donaldson Co. Inc. (Symbol: DCI) will trade ex-dividend, for its quarterly dividend of $0.175, payable on 6/28/17. As a percentage of DCI's recent stock price of $45.13, this dividend works out to approximately 0.39%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DCI is likely to continue, and whether the current estimated yield of 1.55% on annualized basis is a reasonable expectation of annual yield going forward. | Looking at the universe of stocks we cover at Dividend Channel , on 6/8/17, Donaldson Co. Inc. (Symbol: DCI) will trade ex-dividend, for its quarterly dividend of $0.175, payable on 6/28/17. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $33.22 per share, with $48.91 as the 52 week high point - that compares with a last trade of $45.15. As a percentage of DCI's recent stock price of $45.13, this dividend works out to approximately 0.39%. | Looking at the universe of stocks we cover at Dividend Channel , on 6/8/17, Donaldson Co. Inc. (Symbol: DCI) will trade ex-dividend, for its quarterly dividend of $0.175, payable on 6/28/17. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DCI is likely to continue, and whether the current estimated yield of 1.55% on annualized basis is a reasonable expectation of annual yield going forward. As a percentage of DCI's recent stock price of $45.13, this dividend works out to approximately 0.39%. | 0a07df77-7d6d-4e8b-8bee-6467911ceb76 |
709954.0 | 2017-06-05 00:00:00 UTC | Top Ranked Momentum Stocks to Buy for June 5th | DCI | https://www.nasdaq.com/articles/top-ranked-momentum-stocks-to-buy-for-june-5th-2017-06-05 | nan | nan | Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, June 5th:
PVH Corp. (PVH): This apparel company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.1% over the last 60 days.
PVH Corp. Price and Consensus
PVH Corp. Price and Consensus | PVH Corp. Quote
PVH's shares gained 16.4% over the last three months higher than S&P 500's gains of 2.2%. The company possesses a Momentum Score of A.
PVH Corp. Price
PVH Corp. Price | PVH Corp. Quote
SodaStream International Ltd. (SODA): This beverage company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 7.4% over the last 60 days.
SodaStream International Ltd. Price and Consensus
SodaStream International Ltd. Price and Consensus | SodaStream International Ltd. Quote
SodaStream International's shares gained 11% over the last three months. The company possesses a Momentum Score of A.
SodaStream International Ltd. Price
SodaStream International Ltd. Price | SodaStream International Ltd. Quote
Donaldson Company, Inc. (DCI): This manufacturer of filtration systemshas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days.
Donaldson Company, Inc. Price and Consensus
Donaldson Company, Inc. Price and Consensus | Donaldson Company, Inc. Quote
Donaldson's shares gained 2.5% over the last three months. The company possesses a Momentum Score of A.
Donaldson Company, Inc. Price
Donaldson Company, Inc. Price | Donaldson Company, Inc. Quote
Applied Materials, Inc. (AMAT): This technology company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 13.2% over the last 60 days.
Applied Materials, Inc. Price and Consensus
Applied Materials, Inc. Price and Consensus | Applied Materials, Inc. Quote
Applied Materials' shares gained 27.7% over the last three months. The company possesses a Momentum Score of A.
Applied Materials, Inc. Price
Applied Materials, Inc. Price | Applied Materials, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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SodaStream International Ltd. (SODA): Free Stock Analysis Report
PVH Corp. (PVH): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
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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. | The company possesses a Momentum Score of A. SodaStream International Ltd. Price SodaStream International Ltd. Price | SodaStream International Ltd. Quote Donaldson Company, Inc. (DCI): This manufacturer of filtration systemshas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days. Click to get this free report SodaStream International Ltd. (SODA): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, June 5th: PVH Corp. (PVH): This apparel company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.1% over the last 60 days. | Click to get this free report SodaStream International Ltd. (SODA): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of A. SodaStream International Ltd. Price SodaStream International Ltd. Price | SodaStream International Ltd. Quote Donaldson Company, Inc. (DCI): This manufacturer of filtration systemshas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days. The company possesses a Momentum Score of A. PVH Corp. Price PVH Corp. Price | PVH Corp. Quote SodaStream International Ltd. (SODA): This beverage company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 7.4% over the last 60 days. | The company possesses a Momentum Score of A. SodaStream International Ltd. Price SodaStream International Ltd. Price | SodaStream International Ltd. Quote Donaldson Company, Inc. (DCI): This manufacturer of filtration systemshas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days. Click to get this free report SodaStream International Ltd. (SODA): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of A. PVH Corp. Price PVH Corp. Price | PVH Corp. Quote SodaStream International Ltd. (SODA): This beverage company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 7.4% over the last 60 days. | The company possesses a Momentum Score of A. SodaStream International Ltd. Price SodaStream International Ltd. Price | SodaStream International Ltd. Quote Donaldson Company, Inc. (DCI): This manufacturer of filtration systemshas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days. Click to get this free report SodaStream International Ltd. (SODA): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of A. PVH Corp. Price PVH Corp. Price | PVH Corp. Quote SodaStream International Ltd. (SODA): This beverage company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 7.4% over the last 60 days. | 38c3c865-ff85-4f0e-8eb5-1f48112b9c05 |
709955.0 | 2017-06-02 00:00:00 UTC | Donaldson (DCI) Q3 Earnings & Revenues Beat, Guidance Raised | DCI | https://www.nasdaq.com/articles/donaldson-dci-q3-earnings-revenues-beat-guidance-raised-2017-06-02 | nan | nan | Donaldson Company, Inc.DCI scored a hat-trick of earnings beats, as its third-quarter fiscal 2017 results surpassed estimates by a penny. The premium filtration products provider's adjusted earnings per share of 45 cents beat the Zacks Consensus Estimate of 44 cents by 2.3%.
On a GAAP basis, the bottom-line figure of 45 cents was up 4.6% from 43 cents recorded in the prior-year quarter. Absence of pre-tax restructuring charges, sturdy top-line growth and streamlined operations proved conducive to the earnings performance.
Inside the Headlines
Donaldson reported total sales of $608.2 million, up 6.5% on a year-over-year basis. Also, revenues surpassed the Zacks Consensus Estimate of $579 million. Strong performance by the Engine Products segment drove the top line. The segment has been benefiting substantially from stabilization in market conditions and robust sales of replacement parts, resulting in overall top-line growth.
Revenues at the segment were up 13.5% year over year to $405.6 million. All the four sub-businesses within this segment - Aftermarket, Aerospace and Defense, and On Road and Off Road - grew on a year-over-year basis. Off-Road (up 27.5%), Aerospace and Defense (up 22.3%) and Aftermarket (11.1%) recorded double-digit growth. Meanwhile, On Road sub-segment (up 1.6%) returned to growth after a couple of sluggish quarters.
On the other hand, revenues at the Industrial Products segment declined 5.3% in fiscal 2017 to $202.6 million compared with the prior-year quarter. Lackluster performance by Gas Turbines Systems, which plunged 34.5% year over year, weighed on revenues. However, the Special Applications business, which was up 12.1%, offset this fall to some extent. Overall, sluggishness in first-fit demand, along with economic and geopolitical uncertainty, is hurting the profitability of this segment.
Donaldson's adjusted operating margin expanded 70 basis points (bps) to 14.5% in the fiscal third quarter. In addition, the company's Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") were $107.6 million, up from $96.7 million recorded a year ago.
Donaldson Company, Inc. Price, Consensus and EPS Surprise
Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote
Liquidity & Cash Flow
Donaldson exited the quarter with cash and equivalents of $295.9 million compared with $243.2 million as of Jul 31, 2016. The company had long-term debt of $298.1 million as of Apr 30, 2017 compared with $350.2 million as of Jul 31, 2016.
Share Repurchase Program/Dividends
During the fiscal third quarter, the company repurchased 1.3 million shares of its common stock for a total investment of $58.6 million. This takes the company's overall year-to-date share repurchase to 2.7 million for a total investment of $110.4 million. Additionally, Donaldson paid $69.5 million in dividends year to date, out of which $23.1 million were paid during the fiscal third quarter.
2017 Guidance Raised
Concurrent with the earnings release, the company raised both its bottom- and top-line guidance for fiscal 2017 for the second time in a row. Donaldson projects fiscal 2017 adjusted earnings per share in the range of $1.67-$1.71 compared with the earlier guidance of $1.60-$1.68. The company believes that benefit from the Northern Technical, L.L.C. escrow settlement, which occurred in the fiscal first quarter, will supplement earnings growth.
Currently, the company projects fiscal 2017 sales to increase up to 6% from fiscal 2016, up from the previously guided range of 2-4%. The guidance hike is primarily attributable to the additional sales accruing from the recently acquired filtration systems firm, Hy-Pro Corporation. However, currency fluctuation is expected to play a spoilsport, offsetting some of this improvement.
In terms of segments, Donaldson estimates Engine Products sales to rise 10-11% year over year, mainly supported by robust performance of Aftermarket, Off-Road, and Aerospace and Defense. Also, the segment is expected to benefit by approximately $6 million from the recent acquisition of Hy-Pro.
For the Industrial Products segment, the company expects sales to decline in the range of 3-2% on a year-over-year basis. Unimpressive Gas Turbine Systems and Special Applications performance are expected to play spoilsport.
Our Take
Donaldson delivered a decent quarterly performance, marked by both top- and bottom-line beats, as well as modest year-over-year growth. Going forward, the company believes that strong Off-Road and Aftermarket sales will continue to act as solid growth drivers for the rest of the fiscal year. Overall, positive industry trends, including restocking, favorable commodity prices, decent rig counts and stable industrial production, are acting as tailwinds.
In addition, Donaldson's solid financial health and its ability to take up bolt-on acquisitions are major positives. The recently completed Hy-Pro buyout is anticipated to enhance the company's filtration portfolio. This apart, this Zacks Rank #2 (Buy) company's diligent restructuring initiatives, ERP implementation program and strategic product launches to grab a greater market share are also expected to supplement growth.
Other Stocks to Consider
Some other top-ranked stocks in the industry are listed below:
Barnes Group Inc. B has a solid earnings surprise history for the trailing four quarters, having beaten estimates thrice for an average beat of 8.9%. It holds a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
ACCO Brands Corporation ACCO has a positive average earnings surprise of 79.7% for the last four quarters and currently holds a Zacks Rank #2.
EnerSys ENS has a positive average surprise of 5.1%, over the trailing four quarters, beating estimates throughout. The stock currently carries a Zacks Rank #2.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker 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
Barnes Group, Inc. (B): Free Stock Analysis Report
Acco Brands Corporation (ACCO): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Enersys (ENS): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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. | Donaldson Company, Inc.DCI scored a hat-trick of earnings beats, as its third-quarter fiscal 2017 results surpassed estimates by a penny. Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. The guidance hike is primarily attributable to the additional sales accruing from the recently acquired filtration systems firm, Hy-Pro Corporation. | Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.DCI scored a hat-trick of earnings beats, as its third-quarter fiscal 2017 results surpassed estimates by a penny. Donaldson Company, Inc. Price, Consensus and EPS Surprise Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote Liquidity & Cash Flow Donaldson exited the quarter with cash and equivalents of $295.9 million compared with $243.2 million as of Jul 31, 2016. | Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.DCI scored a hat-trick of earnings beats, as its third-quarter fiscal 2017 results surpassed estimates by a penny. Donaldson Company, Inc. Price, Consensus and EPS Surprise Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote Liquidity & Cash Flow Donaldson exited the quarter with cash and equivalents of $295.9 million compared with $243.2 million as of Jul 31, 2016. | Donaldson Company, Inc.DCI scored a hat-trick of earnings beats, as its third-quarter fiscal 2017 results surpassed estimates by a penny. Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson projects fiscal 2017 adjusted earnings per share in the range of $1.67-$1.71 compared with the earlier guidance of $1.60-$1.68. | b6a929f2-79b1-4c90-868e-32ca1be69767 |
709956.0 | 2017-05-31 00:00:00 UTC | Pre-Market Earnings Report for June 1, 2017 : DG, MBLY, DCI, TECD, CIEN, EXPR, GHM | DCI | https://www.nasdaq.com/articles/pre-market-earnings-report-june-1-2017-dg-mbly-dci-tecd-cien-expr-ghm-2017-05-31 | nan | nan | The following companies are expected to report earnings prior to market open on 06/01/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Dollar General Corporation ( DG ) is reporting for the quarter ending April 30, 2017. The discount retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.99. This value represents a 3.88% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DG is 16.41 vs. an industry ratio of 20.30.
Mobileye N.V. ( MBLY ) is reporting for the quarter ending March 31, 2017. The electrical instrument company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.18. This value represents a 100.00% increase compared to the same quarter last year. MBLY missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -8.33%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for MBLY is 87.10 vs. an industry ratio of 8.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending April 30, 2017. The pollution control company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.44. This value represents a 2.33% increase compared to the same quarter last year. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -8%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 28.21 vs. an industry ratio of 2.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Tech Data Corporation ( TECD ) is reporting for the quarter ending April 30, 2017. The retail company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.39. This value represents a 32.38% increase compared to the same quarter last year. TECD missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -1.39%. The days to cover, as reported in the 5/15/2017 short interest update, increased 188.56% from previous report on 4/28/2017. Zacks Investment Research reports that the 2018 Price to Earnings ratio for TECD is 10.17 vs. an industry ratio of 11.90.
Ciena Corporation ( CIEN ) is reporting for the quarter ending April 30, 2017. The fiber optics company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.29. This value represents a 20.83% increase compared to the same quarter last year. The last two quarters CIEN had negative earnings surprises; the latest report they missed by -10%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for CIEN is 17.35 vs. an industry ratio of 4.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Express, Inc. ( EXPR ) is reporting for the quarter ending April 30, 2017. The retail (shoe) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.02. This value represents a 108.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for EXPR is 11.97 vs. an industry ratio of 13.30.
Graham Corporation ( GHM ) is reporting for the quarter ending March 31, 2017. The machinery company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.07. This value represents a 40.00% increase compared to the same quarter last year. GHM missed the consensus earnings per share in the 1st calendar quarter of 2016 by -64.29%. Zacks Investment Research reports that the Price to Earnings ratio for GHM is 0.00 vs. an industry ratio of 24.30.
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. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending April 30, 2017. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -8%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 28.21 vs. an industry ratio of 2.80, implying that they will have a higher earnings growth than their competitors in the same industry. | Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 28.21 vs. an industry ratio of 2.80, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending April 30, 2017. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -8%. | Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 28.21 vs. an industry ratio of 2.80, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending April 30, 2017. DCI missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -8%. | DCI missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -8%. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending April 30, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 28.21 vs. an industry ratio of 2.80, implying that they will have a higher earnings growth than their competitors in the same industry. | ee22789a-6533-4f15-b2fb-e1b4c4cdfce8 |
709957.0 | 2017-05-04 00:00:00 UTC | Tetra Tech (TTEK) Beats on Q2 Earnings, Raises EPS View | DCI | https://www.nasdaq.com/articles/tetra-tech-ttek-beats-on-q2-earnings-raises-eps-view-2017-05-04 | nan | nan | In the recently reported second-quarter fiscal 2017 results, Tetra Tech Inc.TTEK posted its second consecutive earnings beat. The company's earnings from ongoing operations of 48 cents beat the Zacks Consensus Estimate of 46 cents by 4.3%. Earnings exceeded the company's guided range of 42-47 cents.
Tetra Tech fared even better year over year, with adjusted earnings up 30% from the prior-year quarter's figure of 37 cents. Decent top-line growth and greater operating efficiency resulting from cost-management initiatives, fueled bottom-line growth.
Inside the Headlines
Net revenues were up 6.9% year over year to $511.9 million, comfortably beating the Zacks Consensus Estimate of $491 million. Revenues surpassed the upper end of the company's estimated range of $450-$475 million. Moreover, Tetra Tech's ongoing revenues grew 8% to $515.6 million on a year-over-year basis.
The top line was supported by the expansion of the U.S. Federal, State and Local, and Commercial development projects. Primarily, strong performance of the Water, Environment and Infrastructure segment supplemented the quarterly sales performance.
Water, Environment and Infrastructure revenues continued their solid growth trajectory, rising 21.0% year over year to $201 million. This segment primarily benefited from robust performance of the North American infrastructure and environmental business lines.
Also, net revenues from Resource Management and Energy rose 2.0% year over year to $315 million. While the U.S. development projects drove the sales performance, sluggish oil and gas markets restricted top-line growth.
In the quarter under review, total backlog from ongoing operations reached $2.5 billion, marking an impressive jump of 18% year over year, driven by strong orders in the federal and state, and local markets. Some of the notable contracts clinched by the company during the quarter include the $240 million U.S. Navy Remediation contract, the $57 million USAID Pakistan Energy contract and the $25 million USAID Mozambique Monitoring & Evaluation contract.
Additionally, ongoing operating income was up 27% year over year to $44 million.
Tetra Tech, Inc. Price, Consensus and EPS Surprise
Tetra Tech, Inc. Price, Consensus and EPS Surprise | Tetra Tech, Inc. Quote
Liquidity & Cash Flow
At the end of the quarter, Tetra Tech's cash and cash equivalents were $171.3 million, up from $127 million at the end of first-quarter fiscal 2017. At the end of the fiscal second quarter, the company's long-term debt was $326.9 million, down from $372.7 million as of Jan 1, 2017.
For the quarter, the company's cash generated in operations came in at $50.3 million, significantly up from the year-ago figure of $30.2 million.
Share Repurchase
Tetra Tech is highly committed toward rewarding its shareholders through dividends and share buyback programs. On May 1, 2017, the company declared raising its quarterly dividend by 11% to 10 cents per share payable on Jun 2, 2017 to stockholders of record as of May 18.
Currently, Tetra Tech has $180 million remaining under the previously approved $200 million share repurchase program. The company expects to spend $100 million in share repurchases for fiscal 2017, of which, $20 million was spent in the first six months.
Outlook
Concurrent with the quarterly earnings release, Tetra Tech provided revenue and earnings guidance for both the upcoming quarter and fiscal 2017. The company expects third-quarter fiscal 2017 earnings per share to be in the range of 50-55 cents. Net revenue for the fiscal third quarter is projected to be within $510-$540 million.
Encouragingly, the company raised its Earnings Per Share ("EPS") guidance for fiscal 2017. It now projects EPS in the range of $2.10-$2.25 compared with the earlier guided range of $2.00-$2.20. Also, based on the current market scenario, Tetra Tech tweaked its revenue guidance and expects it to be within $2.05-$2.10 billion, instead of the earlier guided range of $2.0-$2.10 billion.
Our Take
Tetra Tech has not missed earnings estimates in the trailing eleven quarters, which is an impressive feat. In a bid to maximize growth prospects, the company is currently focusing on high-end consulting and engineering services that is helping it promote its high value and high margin business, thus differentiating it from peers in the marketplace. For fiscal 2017, Tetra Tech remains bullish about its growth across all four client sectors, namely, the U.S. federal, the U.S. state and local, the U.S. commercial work and international.
The company's U.S. state and local clients - in both the municipal water and smart water services domains - are expected to be its strongest growth drivers for the upcoming quarters. The broad-based bipartisan support for infrastructure investment in the U.S., which can range from $500 billion to $1 trillion, can prove to be extremely beneficial for the company. Steady growth in local budgets and local capital spending has been adding to this Zacks Rank #3 (Hold) company's strength.
Stocks to Consider
Some better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . While Applied Industrial sports a Zacks Rank #1 (Strong Buy), Donaldson and Middleby carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Applied Industrial Technologies has managed to beat estimates thrice in the trailing four quarters for a positive earnings surprise of 9.8%.
With three beats over the trailing four quarters, Donaldson has a positive average earnings surprise of 5.9%.
Middleby Corporation beat earnings in each of the trailing four quarters, resulting in an average surprise of 14.1%.
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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. | Stocks to Consider Some better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . Click to get this free report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. For fiscal 2017, Tetra Tech remains bullish about its growth across all four client sectors, namely, the U.S. federal, the U.S. state and local, the U.S. commercial work and international. | Stocks to Consider Some better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . Click to get this free report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Tetra Tech, Inc. Price, Consensus and EPS Surprise Tetra Tech, Inc. Price, Consensus and EPS Surprise | Tetra Tech, Inc. Quote Liquidity & Cash Flow At the end of the quarter, Tetra Tech's cash and cash equivalents were $171.3 million, up from $127 million at the end of first-quarter fiscal 2017. | Click to get this free report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . Some of the notable contracts clinched by the company during the quarter include the $240 million U.S. Navy Remediation contract, the $57 million USAID Pakistan Energy contract and the $25 million USAID Mozambique Monitoring & Evaluation contract. | Stocks to Consider Some better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . Click to get this free report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The company's earnings from ongoing operations of 48 cents beat the Zacks Consensus Estimate of 46 cents by 4.3%. | 08e61ea7-9aaa-47c4-ac91-73f75ada0d12 |
709958.0 | 2017-05-02 00:00:00 UTC | Emerson (EMR) Q2 Earnings in Line, Guidance Raised Again | DCI | https://www.nasdaq.com/articles/emerson-emr-q2-earnings-in-line-guidance-raised-again-2017-05-02 | nan | nan | Emerson Electric Co.EMR reported second-quarter fiscal 2017 adjusted earnings of 58 cents per share, in line with the Zacks Consensus Estimate. Notably, the figure reflected growth of 2% year over year.
An improving macro environment, restructuring benefits and lower expenses boosted the bottom line.
Inside the Headlines
Net sales remained flat year over year at $3,574 million, on both a net and underlying basis. Revenues surpassed the Zacks Consensus Estimate of $3,489 million. Underlying sales growth for the quarter was down 3% and currency translation also affected the top line adversely. Consistent improvement in key end markets and growth in the U.S., Europe and Asia drove sales. However, challenging macroeconomic conditions and significant decline in spending by global customers in the oil & gas and industrial markets hurt the top-line performance, resulting in flat growth.
The company's Automation Solutions platform reported a 3% year-over-year decline in net sales to $2,117 million. Underlying sales also dipped 3% as restrained spending in energy-related and general industrial markets hurt operations. Underlying sales in North America declined 2%, while Asia was also down 2%. Europe was flat, while Latin America and Middle East/Africa were down 16% and 9% respectively.
Despite soft spending by the oil and gas clients, MRO activity levels in energy related markets are gathering momentum, particularly in North America, driven by shale and downstream customers. Power and life sciences markets also remained favorable.
Margins contracted 10 basis points to 15.5%, primarily due to deleverage on lower volume. In light of current and expected order trends, the company anticipates the second half of the fiscal year to gain momentum, driven by MRO and small project activity.
In contrast, the Commercial & Residential Solutions platform witnessed a 5% increase in net sales to $1,460 million, supported by robust demand in global HVAC and refrigeration markets, and encouraging conditions in construction related markets. Asia witnessed particularly strong growth as it rose 13% year over year, driven by 20% growth in China, which is enjoying major demand acceleration. Europe was up 6% led by solid growth in air conditioning and professional construction tools, while North America grew 4%, stemmed by growth in the U.S. residential and commercial air conditioning.Latin America went up 7%, while Middle East/Africa was down 3%.
Under the platform, the Climate Technologies business grew 6.5% year over year to $1,058 million, while Tools & Home Products unit grew 2% year over year at $402 million.
Margins expanded 80 basis points to 23.7%, largely due to savings from restructuring actions across the new platform structure and leverage on higher volume.
Emerson Electric Company Price, Consensus and EPS Surprise
Emerson Electric Company Price, Consensus and EPS Surprise | Emerson Electric Company Quote
Other Developments
During the reported quarter, the company completed the acquisition of Pentair Valves & Controls, a business unit of Pentair plc, for $3.15 billion, in order to drive efficiency and growth.Integrating Pentair's Valves & Controls business will enable Emerson to fortify its automation portfolio, and help it in offering complete valve solutions portfolio and sturdy service network, thereby elevating the company's brand value.
Last quarter, Emerson also expanded its global capabilities in fresh food monitoring, on the back of Locus Traxx and PakSense buyouts. These two companies will assist Emerson in facilitating steady and safe control of food and other temperature-sensitive goods.
In third-quarter fiscal 2016, Emerson had announced agreements to sell its Network Power, Leroy-Somer and Control Techniques businesses, for an aggregate value of $5.2 billion. The deals are part of the company's portfolio-repositioning strategy, as it seeks to enhance focus on its core Automation Solutions and Commercial & Residential Solutions businesses. The restructuring will help Emerson leverage on its growth platforms and drive profitable growth.
Emerson is now reporting the entire Network Power segment as discontinued operations.
Liquidity & Cash Flow
Exiting the quarter, the company had cash and cash equivalents of $5 billion, with long-term debt of $3.8 billion. Net cash provided by operating activities in the quarter plunged 66% from the prior-year quarter to $410 million.
Outlook
In light of the recent optimistic order trends and recovering end markets, Emerson raised its outlook for fiscal 2017 for the second time. It now expects net sales for the year to be approximately flat,with underlying sales to be up about 1% (excluding unfavorable currency translation of approximately 1%). This is comparable to the prior projections of net sales for the year to be down 1-3%, with underlying sales flat to down 2%. Further, Emerson projects earnings per share for fiscal 2017 to be in the range of $2.55-$2.65 (earlier guidance: $2.47-$2.62).
Emerson now expects Automation Solutions net sales to be down 3-4% (earlier projection: down 5-7%), while Commercial & Residential Solutions net sales are now anticipated to be up 5-6% (earlier projection: up 3-5%).
To Conclude
Emerson expects the challengingglobal marketenvironment to recover gradually, as it sees improving economic conditions and positive trends in capital spending. Solid order trends, successful multi-year restructuring initiatives, and momentum in both its platforms should drive results for the company in the coming quarters. Emerson's cost-cutting and restructuring initiatives are likely to boost the company's profitability significantly, going forward.
However, a strong U.S. dollar, low industrial spending, and weakness in emerging and mature economies remain major concerns.
Emerson currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . While Applied Industrial sports a Zacks Rank #1 (Strong Buy), Donaldson and Middleby carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here.
Applied Industrial Technologies managed to beat estimates thrice in the trailing four quarters, for a positive earnings surprise of 9.8%.
With three beats over the trailing four quarters, Donaldson has a positive average earnings surprise of 5.9%.
Middleby Corporation surpassed earnings estimates in each of the trailing four quarters, resulting in an average surprise of 14.1%.
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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. | Stocks to Consider Some better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . Click to get this free report Emerson Electric Company (EMR): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. However, challenging macroeconomic conditions and significant decline in spending by global customers in the oil & gas and industrial markets hurt the top-line performance, resulting in flat growth. | Click to get this free report Emerson Electric Company (EMR): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . Emerson Electric Company Price, Consensus and EPS Surprise Emerson Electric Company Price, Consensus and EPS Surprise | Emerson Electric Company Quote Other Developments During the reported quarter, the company completed the acquisition of Pentair Valves & Controls, a business unit of Pentair plc, for $3.15 billion, in order to drive efficiency and growth.Integrating Pentair's Valves & Controls business will enable Emerson to fortify its automation portfolio, and help it in offering complete valve solutions portfolio and sturdy service network, thereby elevating the company's brand value. | Click to get this free report Emerson Electric Company (EMR): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . Emerson Electric Company Price, Consensus and EPS Surprise Emerson Electric Company Price, Consensus and EPS Surprise | Emerson Electric Company Quote Other Developments During the reported quarter, the company completed the acquisition of Pentair Valves & Controls, a business unit of Pentair plc, for $3.15 billion, in order to drive efficiency and growth.Integrating Pentair's Valves & Controls business will enable Emerson to fortify its automation portfolio, and help it in offering complete valve solutions portfolio and sturdy service network, thereby elevating the company's brand value. | Stocks to Consider Some better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . Click to get this free report Emerson Electric Company (EMR): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Underlying sales in North America declined 2%, while Asia was also down 2%. | 0c008462-9a72-491c-9117-8c56abaee2bf |
709959.0 | 2017-05-02 00:00:00 UTC | Flowserve (FLS) Q1 Earnings Top, Down Y/Y, Guidance Intact | DCI | https://www.nasdaq.com/articles/flowserve-fls-q1-earnings-top-down-y-y-guidance-intact-2017-05-02 | nan | nan | Flowserve Corp.'sFLS bottom line beat estimates for the second consecutive quarter, reversing last year's earnings miss trend. The company's first-quarter 2017 adjusted earnings of 25 cents per share topped the Zacks Consensus Estimate of 20 cents by 25.0%.
However, on a reported basis, the company's earnings per share plunged 62.1% to 11 cents on a year-over-year basis. Precipitous top-line decline, owing to macroeconomic volatility as well as foreign currency headwinds, proved to be major drags for the bottom line.
Quarter in Detail
Revenues fell 8.8% year over year to $863.6 million. However, revenues surpassed the Zacks Consensus Estimate of $798 million. Low original equipment sales and poor sales of every segment across end markets, excluding Europe, proved to be a drag on the revenues. Also, foreign currency headwinds eroded sales by $10 million.
The company's bookings totaled $958.2 million in first-quarter 2017, up 5.3% year over year at constant currency (cc). After-market bookings totaled $457 million and were also up 3% at cc. Growth in bookings came on the back of modest recovery in oil & gas industry and higher original equipment bookings.
Operating income of the company came in at $47.0 million, compared with $74.4 million recorded in the year-ago period. Foreign currency headwinds and lower gross profits acted as major dampeners for operating income performance. Also, adjusted gross margin contracted 180 bps to 31.5%, mainly attributable to poor top-line performance and lower margin projects.
Segmental Results
Engineered Product Division revenues were down 10.9% year over year to $422.0 million in the quarter. Negative currency translation effects, along with lower original equipment sales in the Americas and Africa, crippled the sales of this segment. However, bookings were up 8.6% year over year to $460.9 million, primarily due to modest recovery in the oil and gas, and chemical industries. The increase in customer original equipment bookings acted as a major catalyst.
Sales at the Flow Control Division declined 6.2% year over year to $280.4 million, hit by currency headwinds and soft customer original equipment sales in key end markets.
Bookings of this segment totaled $309.8 million, flat year over year. While decreased customer bookings in the general industries proved to be a drag on bookings, this was largely offset by increase in bookings from the oil and gas, and power generation industries.
Moreover, Industrial Product Division sales were down 9.7% year over year to $178.4 million. Foreign currency headwinds, along with low original equipment sales, resulted in the decline across all main geographies. Furthermore, bookings totaled $206.7 million, flat year over year. Dismal bookings in power generation and chemical industries offset the improvements in the oil and gas industry.
Flowserve Corporation Price, Consensus and EPS Surprise
Flowserve Corporation Price, Consensus and EPS Surprise | Flowserve Corporation Quote
Restructuring Initiatives
Currently, the company is following its $400 million multi-year investment, which is anticipated to result in savings of $195 million in 2017. In 2018, savings from the full annualized program are expected at $230 million. These investments are aimed at streamlining management structure, reducing manufacturing costs and implementing cost-saving measures for the overall optimization of the cost structure.
The company also expects to trim its workforce by 15-20% and manufacturing footprint by 30% compared with the 2015 level, as well as shift manufacturing to lower cost regions, under this $400 million worth of restructuring initiative.
In relation to the restructuring efforts, Flowserve spent about $11 million in first-quarter 2017, which, in turn, led to incremental savings of $28 million. It remains optimistic about completing the $400-million program in 2017. It will likely incur an expense of $155 million and make additional savings of $70 million.
Also, under the restructuring program, Flowserve announced the divestiture of the Gestra AG business unit to Spirax-Sarco Engineering plc for €186 million ($198.4 million). The sale is part of Flowserve's broader strategy to improve focus on core business, and optimize its product portfolio and manufacturing footprint.
Spirax-Sarco Engineering, a leading provider of steam system solutions, has signed a conditional sale and purchase agreement to acquire Gestra AG and associated businesses from Flowserve. The deal, subject to certain customary conditions, is expected to close during second-quarter 2017.
Balance Sheet & Cash Flow
Flowserve ended the quarter with cash and cash equivalents of $325.8 million compared with $367.2 million as of Dec 31, 2016. On Mar 31, 2017, the company's long-term debt totaled $1477.5 million, down from $1,485.3 million as of Dec 31, 2016.
Flowserve's net cash flow, provided by operating activities, came in at $3.9 million at the end Mar 31, 2017, in contrast to the cash used by operating activities of $5.7 million recorded in the prior-year period.
2017 Outlook
Flowserve has reiterated its 2017 guidance and continues to expect adjusted earnings per share guidance to lie in the band of $1.55-$1.85. It estimates revenues to decline in the range of 6-14%.
The company does not anticipate any major turnaround in the current geopolitical, end market and macro uncertainties for 2017. Factors including currency rates, commodity prices, expected bookings and market volatility are likely to put pressure on both the top- and bottom-line performances for this year.
To Conclude
Flowserve started 2017 on a healthy note, with both top- and bottom-line beats. Relative stability of oil at around the level of $45-$50 over the past couple of quarters is a major positive for the company. It appears that Flowserve's orders are finally showing signs of bottoming out, signaling brighter days ahead. Going forward, we believe stabilization in core aftermarket activities bode well for long-term growth of the company.
Other key strengths include strong operational model, solid productivity, and considerable aftermarket content and geographical diversity. In particular, the diligent restructuring efforts are starting to manifest themselves in substantial savings. Despite these positives, there is no denying the fact that the company's waning top-line performance remains a major concern.
Flowserve's biggest challenge comes in the form of capital spending constraints and aftermarket push outs. In the recent past, the company's operations have suffered from project delays, rolling maintenance deferrals, and extended timelines for both order placement and delivery acceptance. We believe Flowserve will continue to witness challenging times throughout the first half of the year.
Stocks to Consider
Flowserve currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . While Applied Industrial sports a Zacks Rank #1 (Strong Buy), Donaldson and Middleby carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Applied Industrial Technologies has managed to beat estimates thrice in the trailing four quarters for a positive earnings surprise of 9.8%.
With three beats over the trailing four quarters, Donaldson has a positive average earnings surprise of 5.9%.
Middleby Corporation beat earnings in each of the trailing four quarters, resulting in an average surprise of 14.1%.
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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. | Better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . Click to get this free report Flowserve Corporation (FLS): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Spirax-Sarco Engineering, a leading provider of steam system solutions, has signed a conditional sale and purchase agreement to acquire Gestra AG and associated businesses from Flowserve. | Click to get this free report Flowserve Corporation (FLS): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . Sales at the Flow Control Division declined 6.2% year over year to $280.4 million, hit by currency headwinds and soft customer original equipment sales in key end markets. | Click to get this free report Flowserve Corporation (FLS): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . Sales at the Flow Control Division declined 6.2% year over year to $280.4 million, hit by currency headwinds and soft customer original equipment sales in key end markets. | Better-ranked stocks in the broader sector include Applied Industrial Technologies Inc. AIT , Donaldson Company, Inc. DCI and The Middleby Corp. MIDD . Click to get this free report Flowserve Corporation (FLS): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Sales at the Flow Control Division declined 6.2% year over year to $280.4 million, hit by currency headwinds and soft customer original equipment sales in key end markets. | 41d01920-344e-47e0-a95c-77e3f42d310f |
709960.0 | 2017-04-27 00:00:00 UTC | A.O. Smith (AOS) Keeps Earnings Beat String Alive in Q1, Grows Y/Y | DCI | https://www.nasdaq.com/articles/a.o.-smith-aos-keeps-earnings-beat-string-alive-in-q1-grows-y-y-2017-04-27 | nan | nan | A. O. Smith CorporationAOS reported first-quarter 2017 earnings per share of 50 cents. The company comfortably beat the Zacks Consensus Estimate of 47 cents by 6.4%, thus maintaining its earnings beat streak for the twenty-second straight quarter.
The earnings figure also improved 22% from the year-ago tally of 41 cents. The bottom-line improvement mainly came on the back of robust sales growth. Excellent top-line growth proved conducive to the bottom-line performance.
Inside the Headlines
Net sales in the quarter were up an impressive 16.2% year over year to $740.0 million. It also topped the Zacks Consensus Estimate of $700 million. A thriving water heater industry in the U.S. as well as robust consumer product demand in China fuelled the top-line growth.
Talking about segments, A.O. Smith's sales in the North America segment (comprising U.S. and Canadian water heaters and boilers) grew 15% year over year to $487.3 million. Higher volumes of residential and commercial water heaters in the U.S. and Canada proved conducive to the sales performance of the region. In addition, the previously completed acquisition of residential water treatment company, Aquasana, contributed $10.3 million to revenues, thus supplementing the segment's growth.
Segmental operating earnings rose 13.4% year over year to $104.2 million due to increased volumes of water heaters and higher prices. However, operating margin contracted 30 bps to 21.4% on a year-over-year basis. Lower operating margin of the acquired Aquasana business resulted in the decline.
Quarterly sales at the Rest of the World segment (China, India and Europe) rose 19.4% year over year to $259.5 million. The improvement came largely on the back of consistent solid customer demand for A.O. Smith's premium water heating and water treatment products, particularly in China (up 27%, excluding impacts of the U.S. dollar). While water treatment sales in China grew over 50%, air purification sales rose over 80% year over year.
Operating earnings at the segment surged 32% year over year to $32.5 million in the quarter. Excellent sales in China more than offset multiple headwinds, including higher selling and advertising costs and currency headwinds. Operating margin advanced 10 bps to 12.5% year over year.
Smith (A.O.) Corporation Price, Consensus and EPS Surprise
Smith (A.O.) Corporation Price, Consensus and EPS Surprise | Smith (A.O.) Corporation Quote
Share Repurchases
During first-quarter 2017, A.O. Smith repurchased around 606,850 common shares for $30.1 million. At the end of the first quarter, the company has approximately 4.3 million shares remaining under the existing discretionary repurchase.
Liquidity & Cash Flow
Exiting the quarter on Mar 31, 2017, A.O. Smith's cash and cash equivalents were $293.4 million, compared with $330.4 million at the end of Dec 31, 2016.
At the end of the quarter, long-term debt was $362.2 million, compared with $316.4 million at the end of Dec 31, 2016.
Guidance
Concurrent with its first-quarter results, the company hiked its full-year earnings guidance by 3 cents per share. A.O. Smith now expects 2017 earnings to lie in the range of $2.03-$2.09 per share, compared to the earlier guided range of $1.98-$2.08. The upward guidance revision is primarily attributable to outstanding top and bottom-line performances in the reported quarter. For full-year 2017, the company expects revenues to grow in the range of 9-10%.
Our Take
A.O. Smith's consistent top and bottom-line beats over the past several quarters highlight the company's underlying strength. We believe stellar growth prospects in China and the U.S. end markets will continue to accelerate growth, going forward. Also, dominant foothold in the North American water heater market, along with thriving prospects in residential and commercial boiler markets are likely to boost growth.
This apart, the Zacks Rank #2 (Buy) company's solid financial health, strategic capital expenditures to fortify market position and overall positive trends bode well for long-term growth.
Other Stocks to Consider
Some other stocks in the broader sector include Donaldson Company, Inc. DCI , EnerSys ENS and The Middleby Corp. MIDD . While Donaldson sports a Zacks Rank #1 (Strong Buy), EnerSys and Middleby carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
With three beats over the trailing four quarters, Donaldson has a positive average earnings surprise of 5.9%.
EnerSys surpassed earnings estimates each time in the past four quarters, with an average positive beat of 4.4%.
Middleby Corporation beat earnings in each of the trailing four quarters, resulting in an average surprise of 14.1%.
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Enersys (ENS): Free Stock Analysis Report
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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. | Other Stocks to Consider Some other stocks in the broader sector include Donaldson Company, Inc. DCI , EnerSys ENS and The Middleby Corp. MIDD . Corporation (AOS): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. A thriving water heater industry in the U.S. as well as robust consumer product demand in China fuelled the top-line growth. | Corporation (AOS): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other stocks in the broader sector include Donaldson Company, Inc. DCI , EnerSys ENS and The Middleby Corp. MIDD . Segmental operating earnings rose 13.4% year over year to $104.2 million due to increased volumes of water heaters and higher prices. | Corporation (AOS): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other stocks in the broader sector include Donaldson Company, Inc. DCI , EnerSys ENS and The Middleby Corp. MIDD . Smith's sales in the North America segment (comprising U.S. and Canadian water heaters and boilers) grew 15% year over year to $487.3 million. | Other Stocks to Consider Some other stocks in the broader sector include Donaldson Company, Inc. DCI , EnerSys ENS and The Middleby Corp. MIDD . Corporation (AOS): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. It also topped the Zacks Consensus Estimate of $700 million. | f3cbeeb9-d383-4023-ab49-34166d0d8b71 |
709961.0 | 2017-04-26 00:00:00 UTC | Rockwell Automation (ROK) Beats on Q2 Earnings, View Up | DCI | https://www.nasdaq.com/articles/rockwell-automation-rok-beats-on-q2-earnings-view-up-2017-04-26 | nan | nan | Rockwell Automation, Inc.ROK reported adjusted earnings per share of $1.55 in second-quarter fiscal 2017 (ended Mar 31, 2017), up 13% from $1.37 earned in the prior-year quarter. Further, earnings outpaced the Zacks Consensus Estimate of $1.40, a positive earnings surprise of 11%. The year-over-year performance was driven by higher sales, and lower effective tax rates, partially offset by higher incentive compensation.
Including one-time items, the company's earnings came in at $1.45 per share, up 13% from the year-ago quarter figure of $1.28.
Total revenue was $1.55 million in the quarter, up 8% year over year and surpassed the Zacks Consensus Estimate of $1.48 billion. Organic sales rose 6.8%, acquisitions contributed 1.7% while unfavorable foreign currency translations had an impact of 0.6%.
Operational Update
Cost of sales increased 6% year over year to $898 million. Gross profit went up 11% to $657 million from $594 million in the year-ago quarter. Selling, general and administrative expenses increased 14% to $409 million.
Consolidated segment operating income was $296 million, up 7% from $277 million in the prior-year quarter. Segment operating margin was 19% in the quarter, a 30 basis points contraction from the prior-year quarter on the back of higher sales, partially neutralized by higher incentive compensation.
Rockwell Automation, Inc. Price, Consensus and EPS Surprise
Rockwell Automation, Inc. Price, Consensus and EPS Surprise | Rockwell Automation, Inc. Quote
Segment Results
Architecture & Software: Net sales rose 14% year over year to $719 million in second-quarter fiscal 2017. Organic sales increased 13.7%, acquisitions contributed 1.2% while currency translations hurt sales by 0.7%. Segment operating earnings were $191 million, compared with $55 million a year ago. Segment operating margin was 26.5%, up from 24.6% in the prior-year quarter on the back of higher sales, partially offset by higher incentive compensation.
Control Products & Solutions : Net sales rose 3% to $835 million in the reported quarter. Organic sales increased 1.4%, acquisitions contributed 2%, while currency translations dented sales by 0.4%. Segment operating earnings dropped 14% to $105 million from $123 million in the year-ago quarter.
Financials
As of Mar 31, 2017, cash and cash equivalents were $1,440.8 million, down from $1,526.4 million as of Sep 30, 2016. As of Mar 31, 2017, total debt was $1,863.4 million, down from $1,964.3 million as of Sep 30, 2016.
Cash flow from operations for first-half fiscal 2017 came in at $612 million compared with $399 million in the prior-year comparable period. Return on invested capital was 36.4% as of Mar 31, 2017, increasing from 32.0% in the year-ago quarter.
During the reported quarter, Rockwell Automation repurchased 690,000 of its shares for $105 million. As of Mar 31, 2017, $759 million was available under the existing share repurchase authorization.
Guidance
Rockwell Automation stated that the macro environment continues to improve, with projections of Industrial Production growth rates higher than a quarter ago. Moreover, backed by strong performance in first-half fiscal 2017, Rockwell Automation has increased fiscal 2017 sales growth guidance to the range of 4.5-7.5 %. The company now anticipates adjusted EPS in the range of $6.45-$6.75 per share.Rockwell Automation's shares have outperformed the Zacks categorized Industrial Automation/Robotics sub industry in the past one year. The company's share price has surged 41.4%, while the subindustry witnessed a gain of 36.7%.
Zacks Rank & Key Picks
Currently, Rockwell Automation carries a Zacks Rank #2 (Buy).
Other top-ranked stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . All the three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Donaldson Company has an average positive earnings surprise of 5.93% in the trailing four quarters. Casella Waste generated an outstanding average positive earnings surprise of 165.21% in the past four quarters, while Parker-Hannifin has an average positive earnings surprise of 12.44% in the trailing four quarters.
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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. | Other top-ranked stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . Click to get this free report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Guidance Rockwell Automation stated that the macro environment continues to improve, with projections of Industrial Production growth rates higher than a quarter ago. | Click to get this free report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Other top-ranked stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . Rockwell Automation, Inc. Price, Consensus and EPS Surprise Rockwell Automation, Inc. Price, Consensus and EPS Surprise | Rockwell Automation, Inc. Quote Segment Results Architecture & Software: Net sales rose 14% year over year to $719 million in second-quarter fiscal 2017. | Click to get this free report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Other top-ranked stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . Rockwell Automation, Inc. Price, Consensus and EPS Surprise Rockwell Automation, Inc. Price, Consensus and EPS Surprise | Rockwell Automation, Inc. Quote Segment Results Architecture & Software: Net sales rose 14% year over year to $719 million in second-quarter fiscal 2017. | Other top-ranked stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . Click to get this free report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Rockwell Automation, Inc.ROK reported adjusted earnings per share of $1.55 in second-quarter fiscal 2017 (ended Mar 31, 2017), up 13% from $1.37 earned in the prior-year quarter. | 7c5c894a-5882-4998-a1c4-4bad161c50ad |
709962.0 | 2017-04-26 00:00:00 UTC | Avery Dennison (AVY) Tops Q1 Earnings, Sales, Lifts '17 View | DCI | https://www.nasdaq.com/articles/avery-dennison-avy-tops-q1-earnings-sales-lifts-17-view-2017-04-26 | nan | nan | Avery Dennison CorporationAVY reported adjusted earnings of $1.11 per share in first-quarter 2017, which climbed 18% from 94 cents recorded in the year-ago quarter. Earnings also beat the Zacks Consensus Estimate of $1.04.
Including restructuring costs and other items, earnings from continuing operations were $1.25 per share in the quarter compared with 98 cents recorded in the prior-year quarter.
Total revenue jumped around 6% to $1,572 million from $1,485.5 million in the year-earlier quarter. Moreover, revenues came above the Zacks Consensus Estimate of $1,530 million. On an organic basis, sales were up nearly 4% year over year.
Avery Dennison Corporation Price, Consensus and EPS Surprise
Avery Dennison Corporation Price, Consensus and EPS Surprise | Avery Dennison Corporation Quote
Cost of sales in the reported quarter went up 6.3% year over year to $1,129.7 million. Gross profit increased around 4.7% to $442.4 million, while gross margin contracted 40 basis points (bps) to 28%.
Marketing, general and administrative expenses came in at $283 million compared with $278 million in the year-ago quarter. Adjusted operating profit advanced 10% year over year to $159 million. Adjusted operating margin expanded 30 bps on a year-over-year basis to 10%.
Segmental Performance
Revenues from the Label and Graphic Materials segment increased 7.6% year over year to $1,089.6 million. On an organic basis, sales grew around 5%. Adjusted operating profit rose 7.2% to $138 million from $128.7 million in the year-ago quarter.
Revenues from the Retail Branding and Information Solutions segment grew 2% to $366.8 million from $359.5 million recorded in the year-earlier quarter. Organic sales increased 2.9%. The segment's adjusted operating income surged 23% to $30.4 million.
The Industrial and Healthcare Materials segment reported net sales of $115.7 million, up 2% from $113.4 million in the year-ago quarter. The segment reported adjusted operating income of $13.3 million compared to an operating profit of $15.9 million recorded in the year-ago period.
Financial Updates
Avery Dennison generated cash and cash equivalents of $294.9 million at the end of first-quarter 2017 compared with $169.6 million recorded at the end of the prior-year quarter. Cash flow from operations came in at $15.3 million during first-quarter 2017 compared with cash usage of $6.3 million in the comparable period last year.
At the end of first-quarter 2017, Avery Dennison's long-term debt increased to $1,250 million compared with $963.6 million at the end of the year-earlier quarter.
During first-quarter 2017, Avery Dennison repurchased 0.5 million shares for a total cost of $35 million. The company's share count increased 0.6 million in the reported quarter. The cost of repurchases, net of proceeds from stock option exercises, is $18 million.
Cost-reduction Activities
In the first quarter, Avery Dennison realized approximately $11 million in pre-tax savings from restructuring. The company incurred restructuring charges of approximately $6 million.
Guidance
For 2017, Avery Dennison raised its adjusted earnings per share guidance range to $4.50-$4.65 from the prior band of $4.30-$4.50. The company remains confident about the consistent execution of strategies that continues to enhance its competitive advantage, while driving profitable growth and improving returns.
Share Price Performance
Year to date, Avery Dennison outperformed the Zacks classified Office Supplies & Forms sub-industry with respect to price performance. The stock gained 17.4%, while the industry recorded growth of 13.8% over the same time frame.
Zacks Rank & Key Picks
Currently, Avery Dennison carries a Zacks Rank #2 (Buy).
Other stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . All the three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Donaldson Company has an average positive earnings surprise of 5.93% for the trailing four quarters. Casella Waste generated an outstanding average positive earnings surprise of 165.21% in the past four quarters, while Parker-Hannifin has an average positive earnings surprise of 12.44% for the last four quarters.
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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. | Other stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . Click to get this free report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Avery Dennison CorporationAVY reported adjusted earnings of $1.11 per share in first-quarter 2017, which climbed 18% from 94 cents recorded in the year-ago quarter. | Other stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . Click to get this free report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Avery Dennison Corporation Price, Consensus and EPS Surprise Avery Dennison Corporation Price, Consensus and EPS Surprise | Avery Dennison Corporation Quote Cost of sales in the reported quarter went up 6.3% year over year to $1,129.7 million. | Click to get this free report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . Avery Dennison Corporation Price, Consensus and EPS Surprise Avery Dennison Corporation Price, Consensus and EPS Surprise | Avery Dennison Corporation Quote Cost of sales in the reported quarter went up 6.3% year over year to $1,129.7 million. | Other stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . Click to get this free report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Avery Dennison Corporation Price, Consensus and EPS Surprise Avery Dennison Corporation Price, Consensus and EPS Surprise | Avery Dennison Corporation Quote Cost of sales in the reported quarter went up 6.3% year over year to $1,129.7 million. | b1549fd8-8ea0-40c6-98bf-788fc2cb1657 |
709963.0 | 2017-04-25 00:00:00 UTC | Caterpillar (CAT) Tops Q1 Earnings & Revenues, Raises View | DCI | https://www.nasdaq.com/articles/caterpillar-cat-tops-q1-earnings-revenues-raises-view-2017-04-25 | nan | nan | Caterpillar Inc.CAT has begun 2017 on a positive note, delivering year-over-year improvement in both the first quarter 2017 top line and bottom line for the first time in 10 quarters. First-quarter 2017 adjusted earnings came in at $1.28 per share that handily beat the Zacks Consensus Estimate of 62 cents and also doubled from prior-year quarter's earnings of 64 cents.
The better-than-expected results came on the back of the company's incessant efforts to cut down costs to counter the impact of low-end user demand across many of its businesses. Additionally, the company's shares advanced 6.52% in pre-market trading , following the release.
Including one-time items such as restructuring costs, Caterpillar reported earnings per share of 32 cents in the quarter, down 3.8% from 46 cents in the prior-year quarter.
Revenues
Revenues improved 3.8% year over year to $9.8 billion in the quarter, surpassing the Zacks Consensus Estimate of $9.36 billion. Favorable price realization and higher sales volume, with the most significant increase in Resource Industries mostly owing to higher end-user demand for aftermarket parts led to the improvement.
Caterpillar witnessed a 14% rise in sales in Latin America primarily due to stabilizing economic conditions in several countries in the region that helped pick up end-user demand. Revenues increased 12% in Asia Pacific driven by increase in construction equipment sales in China resulting from increased infrastructure and residential investment. Further, higher commodity prices and increased mining production favorably impacted demand for aftermarket parts in Australia. Sales in EAME inched up 2%.
In North America, sales were flat as by lower end-user demand for new equipment and the negative impact of changes in dealer inventories resulting from increased inventories in first-quarter 2016 than in the first-quarter 2017 offset higher demand for aftermarket parts. Increased demand for oil and gas applications were also negated by lower sales for infrastructure construction equipment.
Costs & Operating Profit
In the quarter, cost of sales dipped 0.9% year over year to $6.758 billion. Gross profit rose 16% to $3.1 billion. Selling, general and administrative (SG&A) expenses decreased 4% to $1.05 billion. Research and development (R&D) expenses declined 18% year over year to $418 million.
Adjusted operating profit improved 53% year over year to $1.6 billion owing to higher sales volume. Lower period costs, improved variable manufacturing costs and favorable price realization also aided the increase. About half of the variable manufacturing cost improvement was from lower material costs, and price realization was favorable in Construction Industries.
Caterpillar, Inc. Price, Consensus and EPS Surprise
Caterpillar, Inc. Price, Consensus and EPS Surprise | Caterpillar, Inc. Quote
Segment Results
Machinery and Energy & Transportation (ME&T) sales increased 4% year over year to $9.1 billion. Sales of Energy & Transportation inched up 2% due to higher sales of aftermarket parts for reciprocating engines. Sales at Resource Industries improved 15% owing to higher sales volume. Sales improved for both new equipment and aftermarket parts. Construction Industries sales rose 1% due to favorable price realization, partially offset by slightly lower volume.
The ME&T segment reported an operating profit of $302 million, a 23% drop from the year-ago quarter. At the Energy & Transportation segment, operating profit improved 35% due to higher sales volume, a favorable impact from cost absorption and improved material costs. Operating profit advanced 44% at Construction Industries owing to lower period costs and favorable price realization. The Resource Industries returned to profit in the quarter compared with the loss incurred in the prior-year quarter thanks to higher sales volume and lower period costs.
Financial Products' revenues went up 2% to $760 million primarily due to higher average financing rates in North America, partially offset by lower average earning assets in North America, Latin America and Asia/Pacific and lower average financing rates in Asia/Pacific. Financial Products' profit was $183 million in the quarter up from $168 million in the prior-year quarter owing to a decrease in the provision for credit losses at Cat Financial.
Financial Position
Caterpillar ended the first quarter with cash and short-term investments of $9.47 billion, up from $7.17 billion at 2016 end. Total debt-to-capital ratio was 74% at the first quarter end, flat compared with 2016 end. The debt-to-capital ratio at ME&T was 41.7% as of Mar 31, 2017, higher than 41% as of Dec 31, 2016, but within the company's target range of 30-45%.
Total cash flow from operating activities in the first quarter was $1.54 billion, compared with $0.5 billion in the prior-year quarter. Operating cash flow at ME&T soared to $1.524 billion in the quarter from $0.219 billion in the prior-year quarter.
Backlog
At the end of first-quarter 2017, Caterpillar's backlog was at $14.8 billion. On a year-over-year basis, order backlog improved by about $2.7 billion driven by improvement across all segments, particularly in Energy & Transportation and Construction Industries. On a sequential basis, backlog increased $1.7 billion aided by increase in all segments, notable Construction industries.
Guidance
Given the upbeat first-quarter performance, Caterpillar has hiked revenue guidance to the range of $38-$41 billion from the prior range of $36-$39 billion. The company pointed out that there has been a recovery in several of the industries it serves, geopolitical and market uncertainty along with volatility in commodity prices will persist as headwinds for the rest of the year.
The company now projects earnings per share of $3.75 per share compared with previous guidance of $2.90 per share. In 2017, restructuring costs will be higher due to ongoing manufacturing facility consolidations and anticipates incurring about $1.25 billion of restructuring costs. This also includes restructuring costs for recently announced actions at manufacturing facilities in Gosselies, Belgium, and Aurora, IL..
In the past one year, the Caterpillar stock has outperformed the Zacks categorized Machinery - Construction/Mining industry. The company has delivered a return of 29.1%, while the industry gained 26.1%.
Zacks Rank & Other Key Picks
Caterpillar currently sports a Zacks Rank #1 (Strong Buy).
Other top-ranked stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . All the three stocks flaunt the same rank as Caterpillar. You can see the complete list of today's Zacks #1 Rank stocks here .
Donaldson Company has an average positive earnings surprise of 5.93% in the trailing four quarters. Casella Waste generated an outstanding average positive earnings surprise of 165.21% in the past four quarters, while Parker-Hannifin has an average positive earnings surprise of 12.44% in the last four quarters.
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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. | Other top-ranked stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Caterpillar witnessed a 14% rise in sales in Latin America primarily due to stabilizing economic conditions in several countries in the region that helped pick up end-user demand. | Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Other top-ranked stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . Caterpillar, Inc. Price, Consensus and EPS Surprise Caterpillar, Inc. Price, Consensus and EPS Surprise | Caterpillar, Inc. Quote Segment Results Machinery and Energy & Transportation (ME&T) sales increased 4% year over year to $9.1 billion. | Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Other top-ranked stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . Costs & Operating Profit In the quarter, cost of sales dipped 0.9% year over year to $6.758 billion. | Other top-ranked stocks worth considering in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corporation PH . Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Adjusted operating profit improved 53% year over year to $1.6 billion owing to higher sales volume. | 87e0ce1c-c339-4f90-965a-db47b9022f35 |
709964.0 | 2017-04-25 00:00:00 UTC | Owens-Illinois (OI) Tops Q1 Earnings & Sales, Reaffirms View | DCI | https://www.nasdaq.com/articles/owens-illinois-oi-tops-q1-earnings-sales-reaffirms-view-2017-04-25 | nan | nan | Owens-Illinois, Inc.OI reported first-quarter 2017 adjusted earnings per share of 58 cents, surpassing the Zacks Consensus Estimate of 53 cents. In addition, earnings jumped 21% year over year and exceeded the management guidance range of 50-55 cents per share.
Including one-time items, the company's earnings decreased to 30 cents per share in the quarter from 42 cents recorded in the year-ago quarter.
Operational Update
Owens-Illinois' net sales went up 2% year over year to $1.62 billion. Revenues also beat the Zacks Consensus Estimate of $1.58 billion. Sales volumes advanced 2% year over year. Currency translation adversely affected net sales by less than 1%. On a global basis, pricing was up less than 1%.
Owens-Illinois, Inc. Price, Consensus and EPS Surprise
Owens-Illinois, Inc. Price, Consensus and EPS Surprise | Owens-Illinois, Inc. Quote
Shipments in Europe increased 4%, mainly attributed to higher beer shipments. In Latin America, volume increased 3%, backed by stronger shipments - primarily beer - in Mexico and the Andean region. On the other hand, sales volume in North America declined 2%. Sales volume in Asia Pacific increased 4% year over year, primarily driven by increased shipments of wine in Australia and beer in Southeast Asia, as well as the favorable geographic mix of business.
Cost of sales was up 2.4% to $1.3 billion in the quarter. Gross profit edged down 1.3% to $315 million from $319 million recorded in the year-earlier quarter. Selling and administrative expenses declined 7.8% to $119 million. Segment operating profit improved 3.3% year over year to $218 million. Segment operating profit margin expanded 20 basis points to 13.5% in the quarter.
Financial Update
Owens-Illinois had cash and cash equivalents of $312 million at the end of first-quarter 2017 compared with $492 million at the end of 2016. The company recorded cash used for operating activities of $337 million in the reported quarter compared with cash usage of $301 million recorded in the prior-year quarter.
Owens-Illinois' long-term debt increased to $5,431 million at the end of first-quarter 2017, compared with $5,133 million at the end of 2016.
Guidance
Owens-Illinois reaffirmed its adjusted earnings per share outlook for 2017 in the band of $2.40-$2.50 per share. The guidance reflects uncertainty in macroeconomic conditions and currency rates, as well as several other factors.
Share Price Performance
Over the last one year, Owens-Illinois outperformed the Zacks classified Glass Products sub-industry with respect to price performance. The stock gained around 16.6%, while the industry recorded growth of 14.4% over the same time frame.
Zacks Rank & Key Picks
Owens-Illinois currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corp. PH . All the three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Donaldson Company has an average positive earnings surprise of 5.93% for the trailing four quarters. Casella Waste generated an outstanding average positive earnings surprise of 165.21% over the past four quarters, while Parker-Hannifin has an average positive earnings surprise of 12.44% for the last four quarters.
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Owens-Illinois, Inc. (OI): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
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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. | Some better-ranked stocks in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corp. PH . Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. In Latin America, volume increased 3%, backed by stronger shipments - primarily beer - in Mexico and the Andean region. | Some better-ranked stocks in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corp. PH . Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Owens-Illinois, Inc. Price, Consensus and EPS Surprise Owens-Illinois, Inc. Price, Consensus and EPS Surprise | Owens-Illinois, Inc. Quote Shipments in Europe increased 4%, mainly attributed to higher beer shipments. | Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corp. PH . Owens-Illinois, Inc. Price, Consensus and EPS Surprise Owens-Illinois, Inc. Price, Consensus and EPS Surprise | Owens-Illinois, Inc. Quote Shipments in Europe increased 4%, mainly attributed to higher beer shipments. | Some better-ranked stocks in the same sector are Donaldson Company, Inc. DCI , Casella Waste Systems, Inc. CWST and Parker-Hannifin Corp. PH . Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The company recorded cash used for operating activities of $337 million in the reported quarter compared with cash usage of $301 million recorded in the prior-year quarter. | c4068869-f927-4b1a-bb92-5acba571dd2e |
709965.0 | 2017-04-17 00:00:00 UTC | New Strong Buy Stocks for April 17th | DCI | https://www.nasdaq.com/articles/new-strong-buy-stocks-april-17th-2017-04-17 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
AMC Entertainment Holdings Inc (AMC): This company engaged in the theatrical exhibition business has witnessed the Zacks Consensus Estimate for its current year earnings surging 24.2% over the last 30 days.
AMC Entertainment Holdings, Inc. Price and Consensus
AMC Entertainment Holdings, Inc. Price and Consensus | AMC Entertainment Holdings, Inc. Quote
BGC Partners, Inc . (BGCP): This global brokerage company has seen the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 30 days.
BGC Partners, Inc. Price and Consensus
BGC Partners, Inc. Price and Consensus | BGC Partners, Inc. Quote
Caterpillar Inc . (CAT): This manufacturer of construction and mining equipment has witnessed the Zacks Consensus Estimate for its current year earnings advancing 4.3% over the last 30 days.
Caterpillar, Inc. Price and Consensus
Caterpillar, Inc. Price and Consensus | Caterpillar, Inc. Quote
Donaldson Company, Inc . (DCI): This manufacturer of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings improving 0.2% over the last 30 days.
Donaldson Company, Inc. Price and Consensus
Donaldson Company, Inc. Price and Consensus | Donaldson Company, Inc. Quote
Lennar Corporation (LEN): This provider of real estate related financial services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.5% over the last 30 days.
Lennar Corporation Price and Consensus
Lennar Corporation Price and Consensus | Lennar Corporation Quote
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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BGC Partners, Inc. (BGCP): Free Stock Analysis Report
AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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. | (DCI): This manufacturer of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings improving 0.2% over the last 30 days. Click to get this free report Lennar Corporation (LEN): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report BGC Partners, Inc. (BGCP): Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report To read this article on Zacks.com click here. (CAT): This manufacturer of construction and mining equipment has witnessed the Zacks Consensus Estimate for its current year earnings advancing 4.3% over the last 30 days. | Click to get this free report Lennar Corporation (LEN): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report BGC Partners, Inc. (BGCP): Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report To read this article on Zacks.com click here. (DCI): This manufacturer of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings improving 0.2% over the last 30 days. AMC Entertainment Holdings, Inc. Price and Consensus AMC Entertainment Holdings, Inc. Price and Consensus | AMC Entertainment Holdings, Inc. Quote BGC Partners, Inc . | Click to get this free report Lennar Corporation (LEN): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report BGC Partners, Inc. (BGCP): Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report To read this article on Zacks.com click here. (DCI): This manufacturer of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings improving 0.2% over the last 30 days. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AMC Entertainment Holdings Inc (AMC): This company engaged in the theatrical exhibition business has witnessed the Zacks Consensus Estimate for its current year earnings surging 24.2% over the last 30 days. | (DCI): This manufacturer of filtration systems and replacement parts has seen the Zacks Consensus Estimate for its current year earnings improving 0.2% over the last 30 days. Click to get this free report Lennar Corporation (LEN): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report BGC Partners, Inc. (BGCP): Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AMC Entertainment Holdings Inc (AMC): This company engaged in the theatrical exhibition business has witnessed the Zacks Consensus Estimate for its current year earnings surging 24.2% over the last 30 days. | e6017de2-354c-4ebd-be72-45f72c55ef66 |
709966.0 | 2017-04-17 00:00:00 UTC | Apogee (APOG) Earnings & Revenues Beat Estimates in Q4 | DCI | https://www.nasdaq.com/articles/apogee-apog-earnings-revenues-beat-estimates-in-q4-2017-04-17 | nan | nan | Apogee Enterprises, Inc.APOG reported earnings per share of 80 cents in fourth-quarter fiscal 2017 (ended Mar 4, 2017), up 16% from 69 cents per share in the prior-year quarter. Further, earnings also surpassed the Zacks Consensus Estimate of 71 cents.
The company reported total revenue of $314 million, which grew 20% year over year. Revenues beat the Zacks Consensus Estimate of $288 million.
Apogee delivered another quarter of strong top- and bottom-line growth. This performance can be attributed to its strategies to grow through new geographies, new products and new markets as well as its ongoing Lean initiatives, productivity, automation, project selection and pricing initiatives.
This is also reflected in Apogee's share price performance year to date. It has outperformed the Zacks categorized Glass Products industry, with a year-to-date gain of 14.5% compared with the industry's increase of 11.9%.
Cost of goods sold in the quarter went up 20% year over year to $232 million. Gross profit improved 19% year over year to $82 million. Gross margin remained flat at 26%. Selling, general and administrative (SG&A) expenses increased 31% year over year to $52.5 million. Operating income jumped 3% year over year to $29.7 million. Operating margin contracted 160 basis points to 9.4%.
Segment Performance
Revenues at the Architectural Glass segment increased 14% year over year to $112 million. Operating income in the quarter went up 14% to $13.8 million from $12.1 million in the prior-year quarter.
Revenues at the Architectural Services segment plunged 14% year over year to $66 million. The segment reported an operating profit of $4.2 million, down 26% from $5.6 million in the year-ago quarter.
The Architectural Framing Systems segment's revenues surged 53% year over year to $122 million. The segment's operating income was up 26% to $9.7 million from $7.7 million in the prior-year quarter.
The Large-Scale Optical Technologies segment's revenues went up 22% year over year to $26.3 million. Operating income in the reported quarter was $6.8 million, which rose 42% from $4.8 million in the year-ago quarter.
Apogee Enterprises, Inc. Price, Consensus and EPS Surprise
Apogee Enterprises, Inc. Price, Consensus and EPS Surprise | Apogee Enterprises, Inc. Quote
Financial 2017 Performance
Apogee reported earnings per share of $2.97 in fiscal 2017, up 34% year over year. Earnings surpassed the Zacks Consensus Estimate of $2.88. Revenues increased 14% year over year to $11.1 billion, beating the Zacks Consensus Estimate of $1.089 billion.
Financial Position
At the end of fiscal 2017, Apogee had cash and short-term investments of $19.5 million compared with $60.4 million as of fiscal 2016 end. The company generated cash flow from operations of $121 million in fiscal 2017 compared with $129 million in the prior fiscal. The company also hiked cash dividend by 12%.
Segment backlog at the Architectural Glass segment was pegged at $66.4 million in the fourth quarter, down from $75.9 million in third-quarter fiscal 2017. In the Architectural Framing Systems segment, backlog was $245.4 million, compared with $164.4 million in third-quarter fiscal 2017. Architectural Services' segment backlog was $255 million, a $60 million improvement from third-quarter fiscal 2017.
In the fourth quarter, Apogee acquired Sotawall Limited, a leading designer and fabricator of high-performance, unitized curtainwall systems for commercial construction projects in North America. The buyout will expand Apogee's geographic presence in Canada and the U.S., while adding unique curtainwall products to its offerings. The acquisition of this $100 million revenue business will add to architectural framing systems segment and will also be accretive to Apogee's earnings in fiscal 2018.
Outlook for Fiscal 2018
For fiscal 2018, Apogee projects earnings per share to lie between $3.35 and $3.55 while revenues are expected to grow 10%. The upbeat guidance came on the back of solid execution of strategies to improve operational performance, productivity and project selection. Gross margin is estimated to be approximately 28% and operating margin of approximately 12.5%.
The company anticipates delivering capital expenditures of approximately $50 to $60 million in fiscal 2017, as it is investing to enhance capabilities and productivity capacity.
As market activity, the Architecture Billings Index, office employment and office vacancy rates have witnessed positive momentum, Apogee expects mid-single digit U.S. commercial construction market growth in fiscal 2018. With internal market visibility and external metrics showing positive signs, the company expects U.S. non-residential market to continue to grow.
Apogee currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include Donaldson Company, Inc. DCI , Brady Corporation BRC and Alarm.Com Holdings, Inc. ALRM .
Donaldson has delivered a positive average earnings surprise of 5.93% in the last four quarters. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Brady Corporation, which also carries a Zacks Rank #1, has an average positive earnings surprise of 20.84% in the last four quarters.
Alarm.Com Holdings has an impressive track record of earnings surprises, with an average positive earnings surprise of 40.56% in the last four quarters and carries a Zacks Rank #2 (Buy).
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Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Brady Corporation (BRC): Free Stock Analysis Report
Alarm.com Holdings, Inc. (ALRM): 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. | Some better-ranked stocks in the same sector include Donaldson Company, Inc. DCI , Brady Corporation BRC and Alarm.Com Holdings, Inc. ALRM . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. In the fourth quarter, Apogee acquired Sotawall Limited, a leading designer and fabricator of high-performance, unitized curtainwall systems for commercial construction projects in North America. | Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same sector include Donaldson Company, Inc. DCI , Brady Corporation BRC and Alarm.Com Holdings, Inc. ALRM . Apogee Enterprises, Inc. Price, Consensus and EPS Surprise Apogee Enterprises, Inc. Price, Consensus and EPS Surprise | Apogee Enterprises, Inc. Quote Financial 2017 Performance Apogee reported earnings per share of $2.97 in fiscal 2017, up 34% year over year. | Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same sector include Donaldson Company, Inc. DCI , Brady Corporation BRC and Alarm.Com Holdings, Inc. ALRM . Segment Performance Revenues at the Architectural Glass segment increased 14% year over year to $112 million. | Some better-ranked stocks in the same sector include Donaldson Company, Inc. DCI , Brady Corporation BRC and Alarm.Com Holdings, Inc. ALRM . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. Gross profit improved 19% year over year to $82 million. | b8ba94a9-f3da-46bc-be52-3486250d5199 |
709967.0 | 2017-04-17 00:00:00 UTC | Mountain Pacific Investment Advisers Inc Buys Arthur J. ... | DCI | https://www.nasdaq.com/articles/mountain-pacific-investment-advisers-inc-buys-arthur-j-2017-04-17 | nan | nan | Mountain Pacific Investment Advisers Inc
New Purchases: CAG , BIV , BA , CSX, CFMS,
Added Positions:XYL, ARMK, AJG, DCI, CNI, HDS, WAB, FTV, PNR, XRAY,
Reduced Positions:VRSK, TMO, RHI, AL, VNTV, FISV, EFX, APH, AYI, ROP,
Sold Out:STJ,
For the details of MOUNTAIN PACIFIC INVESTMENT ADVISERS INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=MOUNTAIN+PACIFIC+INVESTMENT+ADVISERS+INC
These are the top 5 holdings of MOUNTAIN PACIFIC INVESTMENT ADVISERS INC
Fiserv Inc ( FISV ) - 354,804 shares, 4.75% of the total portfolio. Shares reduced by 17.35%
Danaher Corp ( DHR ) - 379,183 shares, 3.77% of the total portfolio. Shares reduced by 3.97%
Amphenol Corp ( APH ) - 441,129 shares, 3.65% of the total portfolio. Shares reduced by 18.37%
AMETEK Inc ( AME ) - 547,350 shares, 3.44% of the total portfolio. Shares reduced by 6.39%
Donaldson Co Inc ( DCI ) - 650,927 shares, 3.44% of the total portfolio. Shares added by 4.31%
New Purchase: Conagra Brands Inc (CAG)
Mountain Pacific Investment Advisers Inc initiated holdings in Conagra Brands Inc. The purchase prices were between $38.29 and $41.5, with an estimated average price of $39.91. The stock is now traded at around $40.46. The impact to the portfolio due to this purchase was 0.08%. The holdings were 16,099 shares as of 2017-03-31.
New Purchase: Vanguard Intermediate-Term Bond (BIV)
Mountain Pacific Investment Advisers Inc initiated holdings in Vanguard Intermediate-Term Bond. The purchase prices were between $82.31 and $84.04, with an estimated average price of $83.25. The stock is now traded at around $84.40. The impact to the portfolio due to this purchase was 0.03%. The holdings were 2,890 shares as of 2017-03-31.
New Purchase: Boeing Co (BA)
Mountain Pacific Investment Advisers Inc initiated holdings in Boeing Co. The purchase prices were between $156.97 and $183.91, with an estimated average price of $170.33. The stock is now traded at around $179.02. The impact to the portfolio due to this purchase was 0.02%. The holdings were 1,200 shares as of 2017-03-31.
New Purchase: CSX Corp (CSX)
Mountain Pacific Investment Advisers Inc initiated holdings in CSX Corp. The purchase prices were between $35.89 and $49.79, with an estimated average price of $45.72. The stock is now traded at around $47.23. The impact to the portfolio due to this purchase was 0.02%. The holdings were 4,500 shares as of 2017-03-31.
New Purchase: ConforMIS Inc (CFMS)
Mountain Pacific Investment Advisers Inc initiated holdings in ConforMIS Inc. The purchase prices were between $4.5 and $8.6, with an estimated average price of $6.77. The stock is now traded at around $5.27. The impact to the portfolio due to this purchase was 0.01%. The holdings were 13,857 shares as of 2017-03-31.
Added: Arthur J. Gallagher & Co (AJG)
Mountain Pacific Investment Advisers Inc added to the holdings in Arthur J. Gallagher & Co by 26.44%. The purchase prices were between $52.24 and $57.76, with an estimated average price of $55.12. The stock is now traded at around $56.28. The impact to the portfolio due to this purchase was 0.19%. The holdings were 137,943 shares as of 2017-03-31.
Added: Canadian National Railway Co (CNI)
Mountain Pacific Investment Advisers Inc added to the holdings in Canadian National Railway Co by 340.24%. The purchase prices were between $67.35 and $73.96, with an estimated average price of $70.93. The stock is now traded at around $74.07. The impact to the portfolio due to this purchase was 0.12%. The holdings were 18,050 shares as of 2017-03-31.
Sold Out: St Jude Medical Inc (STJ)
Mountain Pacific Investment Advisers Inc sold out the holdings in St Jude Medical Inc. The sale prices were between $80.69 and $80.82, with an estimated average price of $80.76.
Reduced: Verisk Analytics Inc (VRSK)
Mountain Pacific Investment Advisers Inc reduced to the holdings in Verisk Analytics Inc by 51.23%. The sale prices were between $79.35 and $85.19, with an estimated average price of $82.11. The stock is now traded at around $80.07. The impact to the portfolio due to this sale was -1.45%. Mountain Pacific Investment Advisers Inc still held 158,842 shares as of 2017-03-31.
Reduced: Thermo Fisher Scientific Inc (TMO)
Mountain Pacific Investment Advisers Inc reduced to the holdings in Thermo Fisher Scientific Inc by 55.23%. The sale prices were between $140.98 and $161.05, with an estimated average price of $152.84. The stock is now traded at around $153.70. The impact to the portfolio due to this sale was -1.3%. Mountain Pacific Investment Advisers Inc still held 69,355 shares as of 2017-03-31.
Reduced: Robert Half International Inc (RHI)
Mountain Pacific Investment Advisers Inc reduced to the holdings in Robert Half International Inc by 89.56%. The sale prices were between $46.23 and $50.91, with an estimated average price of $48.32. The stock is now traded at around $44.76. The impact to the portfolio due to this sale was -1.25%. Mountain Pacific Investment Advisers Inc still held 27,995 shares as of 2017-03-31.
Reduced: Air Lease Corp (AL)
Mountain Pacific Investment Advisers Inc reduced to the holdings in Air Lease Corp by 83.53%. The sale prices were between $34.64 and $40.12, with an estimated average price of $37.63. The stock is now traded at around $36.57. The impact to the portfolio due to this sale was -0.92%. Mountain Pacific Investment Advisers Inc still held 49,300 shares as of 2017-03-31.
Reduced: Vantiv Inc (VNTV)
Mountain Pacific Investment Advisers Inc reduced to the holdings in Vantiv Inc by 25.26%. The sale prices were between $60.57 and $66.1, with an estimated average price of $63.62. The stock is now traded at around $64.34. The impact to the portfolio due to this sale was -0.87%. Mountain Pacific Investment Advisers Inc still held 403,087 shares as of 2017-03-31.
Warning! GuruFocus has detected 9 Warning Signs with AJG. Click here to check it out.
AJG 15-Year Financial Data
The intrinsic value of AJG
Peter Lynch Chart of AJG
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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. | Mountain Pacific Investment Advisers Inc New Purchases: CAG , BIV , BA , CSX, CFMS, Added Positions:XYL, ARMK, AJG, DCI, CNI, HDS, WAB, FTV, PNR, XRAY, Reduced Positions:VRSK, TMO, RHI, AL, VNTV, FISV, EFX, APH, AYI, ROP, Sold Out:STJ, For the details of MOUNTAIN PACIFIC INVESTMENT ADVISERS INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=MOUNTAIN+PACIFIC+INVESTMENT+ADVISERS+INC These are the top 5 holdings of MOUNTAIN PACIFIC INVESTMENT ADVISERS INC Fiserv Inc ( FISV ) - 354,804 shares, 4.75% of the total portfolio. Shares reduced by 6.39% Donaldson Co Inc ( DCI ) - 650,927 shares, 3.44% of the total portfolio. Added: Canadian National Railway Co (CNI) Mountain Pacific Investment Advisers Inc added to the holdings in Canadian National Railway Co by 340.24%. | Mountain Pacific Investment Advisers Inc New Purchases: CAG , BIV , BA , CSX, CFMS, Added Positions:XYL, ARMK, AJG, DCI, CNI, HDS, WAB, FTV, PNR, XRAY, Reduced Positions:VRSK, TMO, RHI, AL, VNTV, FISV, EFX, APH, AYI, ROP, Sold Out:STJ, For the details of MOUNTAIN PACIFIC INVESTMENT ADVISERS INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=MOUNTAIN+PACIFIC+INVESTMENT+ADVISERS+INC These are the top 5 holdings of MOUNTAIN PACIFIC INVESTMENT ADVISERS INC Fiserv Inc ( FISV ) - 354,804 shares, 4.75% of the total portfolio. Shares reduced by 6.39% Donaldson Co Inc ( DCI ) - 650,927 shares, 3.44% of the total portfolio. New Purchase: Vanguard Intermediate-Term Bond (BIV) Mountain Pacific Investment Advisers Inc initiated holdings in Vanguard Intermediate-Term Bond. | Mountain Pacific Investment Advisers Inc New Purchases: CAG , BIV , BA , CSX, CFMS, Added Positions:XYL, ARMK, AJG, DCI, CNI, HDS, WAB, FTV, PNR, XRAY, Reduced Positions:VRSK, TMO, RHI, AL, VNTV, FISV, EFX, APH, AYI, ROP, Sold Out:STJ, For the details of MOUNTAIN PACIFIC INVESTMENT ADVISERS INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=MOUNTAIN+PACIFIC+INVESTMENT+ADVISERS+INC These are the top 5 holdings of MOUNTAIN PACIFIC INVESTMENT ADVISERS INC Fiserv Inc ( FISV ) - 354,804 shares, 4.75% of the total portfolio. Shares reduced by 6.39% Donaldson Co Inc ( DCI ) - 650,927 shares, 3.44% of the total portfolio. Shares added by 4.31% New Purchase: Conagra Brands Inc (CAG) Mountain Pacific Investment Advisers Inc initiated holdings in Conagra Brands Inc. | Mountain Pacific Investment Advisers Inc New Purchases: CAG , BIV , BA , CSX, CFMS, Added Positions:XYL, ARMK, AJG, DCI, CNI, HDS, WAB, FTV, PNR, XRAY, Reduced Positions:VRSK, TMO, RHI, AL, VNTV, FISV, EFX, APH, AYI, ROP, Sold Out:STJ, For the details of MOUNTAIN PACIFIC INVESTMENT ADVISERS INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=MOUNTAIN+PACIFIC+INVESTMENT+ADVISERS+INC These are the top 5 holdings of MOUNTAIN PACIFIC INVESTMENT ADVISERS INC Fiserv Inc ( FISV ) - 354,804 shares, 4.75% of the total portfolio. Shares reduced by 6.39% Donaldson Co Inc ( DCI ) - 650,927 shares, 3.44% of the total portfolio. Mountain Pacific Investment Advisers Inc still held 158,842 shares as of 2017-03-31. | 453dfce1-90dc-4dcc-9784-a0cabeb58831 |
709968.0 | 2017-04-12 00:00:00 UTC | Today's Zacks Rank #1 (Strong Buy) Breakout Charts | DCI | https://www.nasdaq.com/articles/todays-zacks-rank-1-strong-buy-breakout-charts-2017-04-12 | nan | nan | An inside day for the S&P 500 while rates continue to slide. Interesting moves in the markets that are catching some investors on their heels. Here we've got a few stock ideas to buck the recent downtrend in markets.
Each day, Dave Bartosiak of Zacks.com ( Twitter @bartosiastics ) dives into the charts, pointing out key price action and levels for you to watch.
But it doesn't stop there because the highlight of today's video, which you can see for free by clicking above, is where Dave uncovers five Zacks Rank #1 (Strong Buy) stocks that are breaking out to new 52-week highs today. These stocks have a ton of momentum behind them and are charging higher. The list of stocks he covers today include:
Cohu COHU
Cohu, Inc. Price and Consensus
Cohu, Inc. Price and Consensus | Cohu, Inc. Quote
Cohu, Inc., through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.
Donaldson DCI
Donaldson Company, Inc. Price and Consensus
Donaldson Company, Inc. Price and Consensus | Donaldson Company, Inc. Quote
Donaldson Company, Inc. manufactures and sells filtration systems and replacement parts worldwide. It operates through two segments, Engine Products and Industrial Products. Donaldson Company, Inc. was founded in 1915 and is based in Minneapolis, Minnesota.
Equity Commonwealth EQC
Equity Commonwealth is a publicly owned real estate investment trust. It invests in the real estate markets across Untied States. The firm invests primarily in the commercial office properties. Equity Commonwealth was formed in 1986 and is based in Chicago, Illinois.
Fortis FTS
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 420,000 retail customers in a territory comprising approximately 2,991 square kilometers located in southeastern Arizona, including the greater Tucson metropolitan area in Pima county, as well as parts of Cochise county; and 95,000 retail customers in Arizona??s Mohave and Santa Cruz counties with an aggregate capacity of 2,994 megawatts (MW) comprising 54 MW of solar capacity.
NN Inc NNBR
NN, Inc. manufactures high precision bearing components, industrial plastic products, and precision metal components to various markets in North America, Western Europe, Eastern Europe, South America, and China. The company operates through three segments: Precision Bearing Components Group, Precision Engineered Products Group, and Autocam Precision Components Group.
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Fortis Inc. (FTS): Free Stock Analysis Report
Cohu, Inc. (COHU): Free Stock Analysis Report
NN, Inc. (NNBR): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Equity Commonwealth (EQC): 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. | Donaldson DCI Donaldson Company, Inc. Price and Consensus Donaldson Company, Inc. Price and Consensus | Donaldson Company, Inc. Quote Donaldson Company, Inc. manufactures and sells filtration systems and replacement parts worldwide. Click to get this free report Fortis Inc. (FTS): Free Stock Analysis Report Cohu, Inc. (COHU): Free Stock Analysis Report NN, Inc. (NNBR): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Equity Commonwealth (EQC): Free Stock Analysis Report To read this article on Zacks.com click here. Each day, Dave Bartosiak of Zacks.com ( Twitter @bartosiastics ) dives into the charts, pointing out key price action and levels for you to watch. | Donaldson DCI Donaldson Company, Inc. Price and Consensus Donaldson Company, Inc. Price and Consensus | Donaldson Company, Inc. Quote Donaldson Company, Inc. manufactures and sells filtration systems and replacement parts worldwide. Click to get this free report Fortis Inc. (FTS): Free Stock Analysis Report Cohu, Inc. (COHU): Free Stock Analysis Report NN, Inc. (NNBR): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Equity Commonwealth (EQC): Free Stock Analysis Report To read this article on Zacks.com click here. The list of stocks he covers today include: Cohu COHU Cohu, Inc. Price and Consensus Cohu, Inc. Price and Consensus | Cohu, Inc. Quote Cohu, Inc., through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide. | Donaldson DCI Donaldson Company, Inc. Price and Consensus Donaldson Company, Inc. Price and Consensus | Donaldson Company, Inc. Quote Donaldson Company, Inc. manufactures and sells filtration systems and replacement parts worldwide. Click to get this free report Fortis Inc. (FTS): Free Stock Analysis Report Cohu, Inc. (COHU): Free Stock Analysis Report NN, Inc. (NNBR): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Equity Commonwealth (EQC): Free Stock Analysis Report To read this article on Zacks.com click here. The list of stocks he covers today include: Cohu COHU Cohu, Inc. Price and Consensus Cohu, Inc. Price and Consensus | Cohu, Inc. Quote Cohu, Inc., through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide. | Donaldson DCI Donaldson Company, Inc. Price and Consensus Donaldson Company, Inc. Price and Consensus | Donaldson Company, Inc. Quote Donaldson Company, Inc. manufactures and sells filtration systems and replacement parts worldwide. Click to get this free report Fortis Inc. (FTS): Free Stock Analysis Report Cohu, Inc. (COHU): Free Stock Analysis Report NN, Inc. (NNBR): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Equity Commonwealth (EQC): Free Stock Analysis Report To read this article on Zacks.com click here. It invests in the real estate markets across Untied States. | 10917767-36a5-49d5-bdb6-408107c12a15 |
709969.0 | 2017-04-11 00:00:00 UTC | New Strong Buy Stocks for April 11th | DCI | https://www.nasdaq.com/articles/new-strong-buy-stocks-april-11th-2017-04-11 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
China Petroleum & Chemical Corp (SNP): This China-based energy and chemical company has witnessed the Zacks Consensus Estimate for its current year earnings surging 20.4% over the last 30 days.
China Petroleum & Chemical Corporation Price and Consensus
China Petroleum & Chemical Corporation Price and Consensus | China Petroleum & Chemical Corporation Quote
Constellation Brands, Inc. (STZ): This international beverage alcohol company has seen the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 30 days.
Constellation Brands Inc Price and Consensus
Constellation Brands Inc Price and Consensus | Constellation Brands Inc Quote
Corvus Pharmaceuticals Inc (CRVS): This clinical-stage biopharmaceutical company has witnessed the Zacks Consensus Estimate for its current year earnings advancing 7.9% over the last 30 days.
Corvus Pharmaceuticals, Inc. Price and Consensus
Corvus Pharmaceuticals, Inc. Price and Consensus | Corvus Pharmaceuticals, Inc. Quote
Diamond Offshore Drilling Inc (DO): This provider of contract drilling services has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 30 days.
Diamond Offshore Drilling, Inc. Price and Consensus
Diamond Offshore Drilling, Inc. Price and Consensus | Diamond Offshore Drilling, Inc. Quote
Donaldson Company, Inc . (DCI): This manufacturer of filtration systems and replacement parts has witnessed the Zacks Consensus Estimate for its current year earnings improving 0.2% over the last 30 days.
Donaldson Company, Inc. Price and Consensus
Donaldson Company, Inc. Price and Consensus | Donaldson Company, Inc. Quote
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Constellation Brands Inc (STZ): Free Stock Analysis Report
China Petroleum & Chemical Corporation (SNP): Free Stock Analysis Report
Diamond Offshore Drilling, Inc. (DO): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Corvus Pharmaceuticals, Inc. (CRVS): 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. | (DCI): This manufacturer of filtration systems and replacement parts has witnessed the Zacks Consensus Estimate for its current year earnings improving 0.2% over the last 30 days. Click to get this free report Constellation Brands Inc (STZ): Free Stock Analysis Report China Petroleum & Chemical Corporation (SNP): Free Stock Analysis Report Diamond Offshore Drilling, Inc. (DO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Corvus Pharmaceuticals, Inc. (CRVS): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: China Petroleum & Chemical Corp (SNP): This China-based energy and chemical company has witnessed the Zacks Consensus Estimate for its current year earnings surging 20.4% over the last 30 days. | Click to get this free report Constellation Brands Inc (STZ): Free Stock Analysis Report China Petroleum & Chemical Corporation (SNP): Free Stock Analysis Report Diamond Offshore Drilling, Inc. (DO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Corvus Pharmaceuticals, Inc. (CRVS): Free Stock Analysis Report To read this article on Zacks.com click here. (DCI): This manufacturer of filtration systems and replacement parts has witnessed the Zacks Consensus Estimate for its current year earnings improving 0.2% over the last 30 days. China Petroleum & Chemical Corporation Price and Consensus China Petroleum & Chemical Corporation Price and Consensus | China Petroleum & Chemical Corporation Quote Constellation Brands, Inc. (STZ): This international beverage alcohol company has seen the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 30 days. | Click to get this free report Constellation Brands Inc (STZ): Free Stock Analysis Report China Petroleum & Chemical Corporation (SNP): Free Stock Analysis Report Diamond Offshore Drilling, Inc. (DO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Corvus Pharmaceuticals, Inc. (CRVS): Free Stock Analysis Report To read this article on Zacks.com click here. (DCI): This manufacturer of filtration systems and replacement parts has witnessed the Zacks Consensus Estimate for its current year earnings improving 0.2% over the last 30 days. China Petroleum & Chemical Corporation Price and Consensus China Petroleum & Chemical Corporation Price and Consensus | China Petroleum & Chemical Corporation Quote Constellation Brands, Inc. (STZ): This international beverage alcohol company has seen the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 30 days. | (DCI): This manufacturer of filtration systems and replacement parts has witnessed the Zacks Consensus Estimate for its current year earnings improving 0.2% over the last 30 days. Click to get this free report Constellation Brands Inc (STZ): Free Stock Analysis Report China Petroleum & Chemical Corporation (SNP): Free Stock Analysis Report Diamond Offshore Drilling, Inc. (DO): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Corvus Pharmaceuticals, Inc. (CRVS): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: China Petroleum & Chemical Corp (SNP): This China-based energy and chemical company has witnessed the Zacks Consensus Estimate for its current year earnings surging 20.4% over the last 30 days. | 7f35854c-9071-4f80-8e16-24e7094ef031 |
709970.0 | 2017-04-11 00:00:00 UTC | What Makes Advanced Emissions Solutions (ADES) a Strong Sell? | DCI | https://www.nasdaq.com/articles/what-makes-advanced-emissions-solutions-ades-a-strong-sell-2017-04-11 | nan | nan | Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Advanced Emissions Solutions, Inc. ADES , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in ADES.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen one estimate moving down in the past 30 days, compared with just no upward revisions. This trend has caused the consensus estimate to trend lower, going from $2.95 a share a month ago to its current level of $2.68.
Also, for the current quarter, Advanced Emissions' has seen three downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to 50 cents a share from 57 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 14.2% in the past month.
Advanced Emissions Solutions, Inc. Price and Consensus
Advanced Emissions Solutions, Inc. Price and Consensus | Advanced Emissions Solutions, Inc. Quote
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in the Pollution Controli ndustry, you may instead consider a better-ranked stock - Donaldson Company, Inc. DCI . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Advanced Emissions Solutions, Inc. (ADES): 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. | If you are still interested in the Pollution Controli ndustry, you may instead consider a better-ranked stock - Donaldson Company, Inc. DCI . Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Advanced Emissions Solutions, Inc. (ADES): Free Stock Analysis Report To read this article on Zacks.com click here. Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. | Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Advanced Emissions Solutions, Inc. (ADES): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the Pollution Controli ndustry, you may instead consider a better-ranked stock - Donaldson Company, Inc. DCI . Advanced Emissions Solutions, Inc. Price and Consensus Advanced Emissions Solutions, Inc. Price and Consensus | Advanced Emissions Solutions, Inc. Quote So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait. | Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Advanced Emissions Solutions, Inc. (ADES): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the Pollution Controli ndustry, you may instead consider a better-ranked stock - Donaldson Company, Inc. DCI . One such stock that you may want to consider dropping is Advanced Emissions Solutions, Inc. ADES , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. | If you are still interested in the Pollution Controli ndustry, you may instead consider a better-ranked stock - Donaldson Company, Inc. DCI . Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Advanced Emissions Solutions, Inc. (ADES): Free Stock Analysis Report To read this article on Zacks.com click here. One such stock that you may want to consider dropping is Advanced Emissions Solutions, Inc. ADES , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. | 82c70faa-569f-4f18-827e-f723260d8ada |
709971.0 | 2017-04-07 00:00:00 UTC | Heritage-Crystal Clean (HCCI) Looks Good: Stock Up 10.1% | DCI | https://www.nasdaq.com/articles/heritage-crystal-clean-hcci-looks-good%3A-stock-up-10.1-2017-04-07 | nan | nan | Heritage-Crystal Clean, IncHCCI was a big mover last session, as the company saw its shares rise above 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $13.10 to $14.00 in the past one-month time frame.
The company has seen one negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate moved lower over the same timeframe, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Heritage-Crystal Clean currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
Heritage-Crystal Clean, Inc. Price
Heritage-Crystal Clean, Inc. Price | Heritage-Crystal Clean, Inc. Quote
A better-ranked stock in the Pollution Control industry is Donaldson Company, Inc. DCI , which holds a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Is HCCI going up? Or down? Predict to see what others think: Up or Down
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trade>>
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Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Heritage-Crystal Clean, Inc. (HCCI): Free Stock Analysis Report
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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. | Heritage-Crystal Clean, Inc. Price Heritage-Crystal Clean, Inc. Price | Heritage-Crystal Clean, Inc. Quote A better-ranked stock in the Pollution Control industry is Donaldson Company, Inc. DCI , which holds a Zacks Rank #2 (Buy). Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Heritage-Crystal Clean, Inc. (HCCI): Free Stock Analysis Report To read this article on Zacks.com click here. Heritage-Crystal Clean, IncHCCI was a big mover last session, as the company saw its shares rise above 10% on the day. | Heritage-Crystal Clean, Inc. Price Heritage-Crystal Clean, Inc. Price | Heritage-Crystal Clean, Inc. Quote A better-ranked stock in the Pollution Control industry is Donaldson Company, Inc. DCI , which holds a Zacks Rank #2 (Buy). Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Heritage-Crystal Clean, Inc. (HCCI): 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. | Heritage-Crystal Clean, Inc. Price Heritage-Crystal Clean, Inc. Price | Heritage-Crystal Clean, Inc. Quote A better-ranked stock in the Pollution Control industry is Donaldson Company, Inc. DCI , which holds a Zacks Rank #2 (Buy). Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Heritage-Crystal Clean, Inc. (HCCI): Free Stock Analysis Report To read this article on Zacks.com click here. Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). | Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Heritage-Crystal Clean, Inc. (HCCI): Free Stock Analysis Report To read this article on Zacks.com click here. Heritage-Crystal Clean, Inc. Price Heritage-Crystal Clean, Inc. Price | Heritage-Crystal Clean, Inc. Quote A better-ranked stock in the Pollution Control industry is Donaldson Company, Inc. DCI , which holds a Zacks Rank #2 (Buy). Heritage-Crystal Clean, IncHCCI was a big mover last session, as the company saw its shares rise above 10% on the day. | dfd2ee9f-83f7-433c-a8fc-93fc27a27e69 |
709972.0 | 2017-04-06 00:00:00 UTC | Fluor Secures Texas Contract for U.S. 287 Expansion Project | DCI | https://www.nasdaq.com/articles/fluor-secures-texas-contract-for-u.s.-287-expansion-project-2017-04-06 | nan | nan | Premium engineering and construction firm, Fluor CorporationFLR , recently announced that it has clinched a "bid-build contract" from Texas Department of Transportation ("TxDOT"), for the U.S. 287 Expansion Project in Ellis County. The company will book the unrevealed contract value in first-quarter 2017.
Fluor believes that this contract win will help it go beyond the usual design-build and private public partnerships as well as fortify its position in the bid-build market. The company has a long history of providing services for infrastructure related projects in Texas for over a decade. Currently, it is working on TxDOT's Horseshoe Project in Dallas and Central Texas Regional Mobility Authority's 183 South Project in Austin.
At present, the Texan government is working on transforming Ellis County into a commercial and industrial hub, and that includes the expansion of U.S. 287, a main arterial route in Ennis. The project of widening the U.S. 287 by approximately 4.5 miles is scheduled to commence from spring of 2017 and has an expected completion time of roughly two years.
Fluor has a solid track record of receiving awards. Management remains optimistic that continuation of this trend will drive growth for the company. Fluor's consolidated backlog at the end of the year was $45.0 billion, up from $44.7 billion in the prior-year quarter. The company remains hopeful that President Trump's $1 trillion infrastructure plan will unlock multiple lucrative opportunities for the economy.
Fluor has been a long-standing partner of the U.S. government, assisting it in critical projects. The broad-based bipartisan support for infrastructure investment in the U.S. can substantially accelerate Fluor's growth. Trump's pledge to cut taxes and regulatory red tape will likely drive the long-term performance of the company.
Despite an impressive market share and contract wins, Fluor's shares returned 2.2% in the past six months, far lower than the Zacks categorized Engineering R/D Services industry's average positive return of 11.5%. Volatility in commodity prices and the cyclical nature of the company's commodity-based business lines proved to be major drags on its financial performance.
Furthermore, lingering softness in the mining and metals business continues to dampen lucrative commercial opportunities. Also, Fluor's earnings estimates moved south over the past couple of months. The Zacks Rank #3 (Hold) company has seen two downward estimate revisions compared to none upward, over the past 60 days. This led the Zacks Consensus Estimate for 2017 to edge down from $2.90 to $2.88, indicating bearish analyst sentiment for the stock.
Stocks to Consider
Better-ranked stocks in the broader sector include EnerSys ENS , The Middleby Corporation MIDD and Donaldson Company, Inc. DCI . All three stocks hold a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
EnerSys has surpassed earnings estimates each time in the past four quarters, with an average positive beat of 4.4%.
Middleby Corporation beat earnings in each of the trailing four quarters, resulting in an average surprise of 14.1%.
With three beats over the trailing four quarters, Donaldson has a positive average earnings surprise of 5.9%.
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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. | Stocks to Consider Better-ranked stocks in the broader sector include EnerSys ENS , The Middleby Corporation MIDD and Donaldson Company, Inc. DCI . Click to get this free report Fluor Corporation (FLR): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. Premium engineering and construction firm, Fluor CorporationFLR , recently announced that it has clinched a "bid-build contract" from Texas Department of Transportation ("TxDOT"), for the U.S. 287 Expansion Project in Ellis County. | Stocks to Consider Better-ranked stocks in the broader sector include EnerSys ENS , The Middleby Corporation MIDD and Donaldson Company, Inc. DCI . Click to get this free report Fluor Corporation (FLR): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. Despite an impressive market share and contract wins, Fluor's shares returned 2.2% in the past six months, far lower than the Zacks categorized Engineering R/D Services industry's average positive return of 11.5%. | Click to get this free report Fluor Corporation (FLR): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked stocks in the broader sector include EnerSys ENS , The Middleby Corporation MIDD and Donaldson Company, Inc. DCI . Despite an impressive market share and contract wins, Fluor's shares returned 2.2% in the past six months, far lower than the Zacks categorized Engineering R/D Services industry's average positive return of 11.5%. | Stocks to Consider Better-ranked stocks in the broader sector include EnerSys ENS , The Middleby Corporation MIDD and Donaldson Company, Inc. DCI . Click to get this free report Fluor Corporation (FLR): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. Management remains optimistic that continuation of this trend will drive growth for the company. | 8857664c-ec29-4c52-82ac-d8d30a53e2c1 |
709973.0 | 2017-03-24 00:00:00 UTC | Will Quanta Services Grow with Trump Infrastructure Plan? | DCI | https://www.nasdaq.com/articles/will-quanta-services-grow-with-trump-infrastructure-plan-2017-03-24 | nan | nan | President Donald Trump's 'big statement' at the congressional address earlier this month, concerning the legislation of a $1 trillion infrastructure plan, only reaffirms the "Rebuilding America" rhetoric that has been doing the rounds since his campaigning days.
Trump was quoted as saying, "Crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports and railways gleaming across our beautiful land."
Currently, infrastructure related companies are basking in the optimism that increased spending will give them a much needed boost. One such firm, Quanta Services, Inc.PWR , has caught our attention today, as we believe it enjoys consequential long-term growth opportunities.
The engineering, procurement and construction services provider has had a solid run on the bourse last year, having returned 72.1%, higher than the Zacks categorized Engineering R/D Services industry's average return of 26.6%. The stock has gained 4.5% year to date, in stark contrast to the industry's decline of 2.8%. This is probably due to investors' expection that the company will gain substantially from Trump's pro infrastructure policies.
Core Business Strong
Quanta Services believes that the delivery of energized services sets it apart from its competitors and helps it win new business. The company continues to expect a strong rebound in its end markets in coming quarters, on the back of solid growth drivers like an aging grid, shifting generation mix and implementation of clean energy initiatives.
Investments in transmission and distribution networks, particularly in North America, have acted as a major growth churner as the region continues to deploy more capital to improve system reliability and deliver renewable electricity. Further, Quanta Services has a strong base of large transmission projects in its backlog, which should boost its results in 2017.
This apart, the company's oil and gas business is also witnessing modest recovery. It remains confident of securing multiple mainline projects worth billions of dollars in 2017 and 2018. Moreover, a gradual shift from coal to gas for power generation from commercial and residential customers is expected to boost natural gas pipeline projects in the long run. Positive industry trends, favorable regulations and a revamped business model are expected to stoke growth, going forward.
Impressive Fundamentals
Quanta Services has also been witnessing solid activity on the earnings estimate revision front. Analysts have become increasingly bullish on the company over the past two months, as the Zacks Consensus Estimate for first-quarter 2017 earnings has trended up, from 36 cents to 43 cents per share.
Also, over the past 60 days, the company has seen three upward estimate revisions compared to one downward, which led the Zacks Consensus Estimate for second-quarter 2017 earnings to go from 48 cents to 50 cents.
Quanta Services also displays a Zacks VGM score of 'A'. Our VGM Score identifies stocks that have the most attractive value, growth and momentum characteristics. A good VGM score indicates stronger chances of success.
Stocks to Consider
Quanta Services currently holds a Zacks Rank #3 (Hold). Better-ranked stocks in the broader sector include II-VI Incorporated IIVI , Applied Industrial Technologies Inc. AIT and Donaldson Company, Inc. DCI . While II-VI Incorporated sports a Zacks Rank #1 (Strong Buy), Applied Industrial Technologies and Donaldson hold a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
II-VI Incorporated has registered a remarkable positive average surprise of over 59.2% for the last four quarters, driven by four remarkable consecutive beats.
Applied Industrial Technologies managed to beat estimates thrice over the trailing four quarters and has a positive earnings surprise of 6.2%.
With three beats over the trailing four quarters, Donaldson has a positive average earnings surprise of 5.9%.
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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. | Better-ranked stocks in the broader sector include II-VI Incorporated IIVI , Applied Industrial Technologies Inc. AIT and Donaldson Company, Inc. DCI . Click to get this free report Quanta Services, Inc. (PWR): Free Stock Analysis Report II-VI Incorporated (IIVI): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. President Donald Trump's 'big statement' at the congressional address earlier this month, concerning the legislation of a $1 trillion infrastructure plan, only reaffirms the "Rebuilding America" rhetoric that has been doing the rounds since his campaigning days. | Better-ranked stocks in the broader sector include II-VI Incorporated IIVI , Applied Industrial Technologies Inc. AIT and Donaldson Company, Inc. DCI . Click to get this free report Quanta Services, Inc. (PWR): Free Stock Analysis Report II-VI Incorporated (IIVI): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. While II-VI Incorporated sports a Zacks Rank #1 (Strong Buy), Applied Industrial Technologies and Donaldson hold a Zacks Rank #2 (Buy). | Click to get this free report Quanta Services, Inc. (PWR): Free Stock Analysis Report II-VI Incorporated (IIVI): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the broader sector include II-VI Incorporated IIVI , Applied Industrial Technologies Inc. AIT and Donaldson Company, Inc. DCI . The engineering, procurement and construction services provider has had a solid run on the bourse last year, having returned 72.1%, higher than the Zacks categorized Engineering R/D Services industry's average return of 26.6%. | Better-ranked stocks in the broader sector include II-VI Incorporated IIVI , Applied Industrial Technologies Inc. AIT and Donaldson Company, Inc. DCI . Click to get this free report Quanta Services, Inc. (PWR): Free Stock Analysis Report II-VI Incorporated (IIVI): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Quanta Services also displays a Zacks VGM score of 'A'. | 3612b1e1-fd39-492d-b561-ab02fcf8a73f |
709974.0 | 2017-03-17 00:00:00 UTC | Donaldson versus Tetra Tech: What Investors Need to Know | DCI | https://www.nasdaq.com/articles/donaldson-versus-tetra-tech%3A-what-investors-need-to-know-2017-03-17 | nan | nan | The Zacks Categorized Pollution Control industry's rank has trended up sharply in the past week. Currently, it holds a Zacks Industry Rank of 101 (among more than 256 industries) which is a massive improvement over the 200th rank it held last week. Two leading companies operating within the sector, Donaldson Company, Inc. DCI and Tetra Tech, Inc. TTEK have caught our attention today. Read on for a comparative analysis to find out which of them offers a more attractive proposition for investors right now.
Starting with recent share price performance, Donaldson has charted an impressive growth trajectory over the past six months, gaining 22.6%. In contrast, Tetra Tech has returned only half that. To put things in perspective, while Donaldson strongly outperformed the Zacks Categorized Pollution Control Equipment and Services industry average return of 9.7% over the same time frame, Tetra Tech barely managed to graze it at a return of 11.2%.
The Growth Drivers
Delving into the growth drivers, Donaldson has been benefitting of late from stabilization in its end markets. Positive effects of restocking, favorable commodity prices, decent rig counts and stable industrial production are some of the tailwinds for its growth. Restocking has been helping in the Original Equipment business and growing rig count is proving conducive to independent channel business. Based on these positive trends, the company raised both its top and bottom-line guidance for fiscal 2017, concurrent with the fiscal second-quarter 2017 results.
Donaldson now expects year-over-year fiscal 2017 sales growth in the band of 2-4%, as against the previously guided range of a 2% decline to a 2% increase. In terms of segments, Donaldson estimates Engine Products sales rise of 5-7% year over year, on the back of robust performance of Aftermarket, Off-Road, and Aerospace and Defense end markets. We are highly optimistic about Donaldson's growth prospects in light of these positive trends.
Tetra Tech has several growth drivers in place as well. The company's focus on high-end consulting and engineering services continues to boost its high value and high margin businesses. For fiscal 2017, Tetra Tech remains bullish about its growth across all four client sectors namely, U.S. federal, U.S. state and local, the U.S. commercial work, and finally, international. The company's U.S. state and local clients-in both the municipal water and smart water services domains-are expected to be its strongest growth drivers for the upcoming quarters.
Based on this scenario, Tetra Tech projects growth rates to lie within 7%-12% during 2017. Also, it foresees the U.S. federal work to be about a quarter of the overall business and grow at a rate of 5%-10% for the year. The company believes that the solid pipeline of projects in the Department of Defense and development-related services, in both the U.S. and overseas, will continue to propel growth of its federal business.
Zacks Rank
So far so good, but when it comes to Zacks Rank, which is designed to predict price performance relative to the market over the next one to three months, Donaldson comes across as a better wager. This is because the company carries a Zacks Rank #2 (Buy) compared to Tetra Tech's Zacks Rank #3 (Hold). This implies that while Donaldson is expected to outperform the broader market, Tetra Tech is likely to perform in line over the next few months.
Earnings Performance
Coming next, the earnings performance of both the companies looks relatively decent. Both Donaldson and Tetra Tech have a positive average earnings surprise of 5.9% and 3.2%, respectively. While Donaldson has scored three beats, Tetra Tech has two beats to its credit over the trailing four quarters. Donaldson has also been witnessing solid activity on the earnings estimate revision front.
Brokers Consensus
Analysts have become increasingly bullish on Donaldson over the past month, as the company's Zacks Consensus Estimate for fiscal 2017 earnings has trended up over the same time frame, going from $1.60 to $1.65 per share. On the other hand, brokers chose to remain on the sidelines for Tetra Tech in the recent past, as its earnings estimates have remained steady at $2.18 over the past 30 days.
Based on its favorable business trends and analyst optimism, we believe that Donaldson is a better bet than Tetra Tech for an investor scouting an entry position in this industry.
Other Stocks to Consider
Some other stocks in the broader sector include Barnes Group, Inc. B and Altra Industrial Motion Corp. AIMC . Both stocks carry the same Zacks Rank as Donaldson. You can see the complete list of today's Zacks #1 Rank stocks here .
Barnes Group has a solid earnings surprise history for the trailing four quarters, having beaten estimates thrice, for an average beat of 4.4%.
Altra Industrial has a positive earnings surprise history, with an average of 12.5% for the trailing four quarters, beating estimates all through.
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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. | Two leading companies operating within the sector, Donaldson Company, Inc. DCI and Tetra Tech, Inc. TTEK have caught our attention today. Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Based on its favorable business trends and analyst optimism, we believe that Donaldson is a better bet than Tetra Tech for an investor scouting an entry position in this industry. | Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Two leading companies operating within the sector, Donaldson Company, Inc. DCI and Tetra Tech, Inc. TTEK have caught our attention today. This is because the company carries a Zacks Rank #2 (Buy) compared to Tetra Tech's Zacks Rank #3 (Hold). | Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Two leading companies operating within the sector, Donaldson Company, Inc. DCI and Tetra Tech, Inc. TTEK have caught our attention today. To put things in perspective, while Donaldson strongly outperformed the Zacks Categorized Pollution Control Equipment and Services industry average return of 9.7% over the same time frame, Tetra Tech barely managed to graze it at a return of 11.2%. | Two leading companies operating within the sector, Donaldson Company, Inc. DCI and Tetra Tech, Inc. TTEK have caught our attention today. Click to get this free report Barnes Group, Inc. (B): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. This is because the company carries a Zacks Rank #2 (Buy) compared to Tetra Tech's Zacks Rank #3 (Hold). | ee387526-2187-431f-b7cb-f70c93f25486 |
709975.0 | 2017-03-14 00:00:00 UTC | CECO Environmental Corp. (CECE) Ex-Dividend Date Scheduled for March 15, 2017 | DCI | https://www.nasdaq.com/articles/ceco-environmental-corp-cece-ex-dividend-date-scheduled-march-15-2017-2017-03-14 | nan | nan | CECO Environmental Corp. ( CECE ) will begin trading ex-dividend on March 15, 2017. A cash dividend payment of $0.075 per share is scheduled to be paid on March 31, 2017. Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 13.64% increase over prior dividend payment.
The previous trading day's last sale of CECE was $10.8, representing a -27.42% decrease from the 52 week high of $14.88 and a 92.86% increase over the 52 week low of $5.60.
CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). CECE's current earnings per share, an indicator of a company's profitability, is -$1.11. Zacks Investment Research reports CECE's forecasted earnings growth in 2017 as -6.06%, compared to an industry average of 10.9%.
For more information on the declaration, record and payment dates, visit the CECE 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. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports CECE's forecasted earnings growth in 2017 as -6.06%, compared to an industry average of 10.9%. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). This represents an 13.64% increase over prior dividend payment. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). Shareholders who purchased CECE 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 CECE Dividend History page. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). A cash dividend payment of $0.075 per share is scheduled to be paid on March 31, 2017. Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. | 31f1abed-e2f5-4c07-a653-adecd3f0d17b |
709976.0 | 2017-03-06 00:00:00 UTC | Circle Still Uses Bitcoin — But Is Also Building on Ethereum | DCI | https://www.nasdaq.com/articles/circle-still-uses-bitcoin-but-is-also-building-on-ethereum-2017-03-06 | nan | nan | Circle Chief Evangelist Anders Brownworth , who previously taught blockchain technology at MIT, gave a presentation on day two of the 2017 MIT Bitcoin Expo in which he mainly focused on what Circle has been working on for the past few months.
Circle is a mobile payments application that aims to make sending money to anyone in the world as easy as sending them a message via their mobile phone.
During his talk, Brownworth noted that although Circle dropped the ability to buy and sell bitcoin in their mobile application late last year , the company still uses Bitcoin in the background of their current operations. Brownworth also explained Circle's need for state channels and why the company is now building a new platform on top of Ethereum .
Circle Still Uses Bitcoin
During the opening portion of his presentation, Brownworth made it clear that Circle has by no means stopped using Bitcoin completely. In fact, Bitcoin still plays a key role in the background of the company's operations.
"Bitcoin very fundamentally informs the way Circle works behind the scenes, and it continues to do so," stated Brownworth. "We continue to use it."
In addition to various background operations, Brownworth also noted that Circle has helped fund MIT's Digital Currency Initiative ( DCI ), which funds Bitcoin Core contributor Cory Fields , Bitcoin Core maintainer Wladimir van der Laan and lightning network developer Tadge Dryja . In the past, former Bitcoin Core lead maintainer Gavin Andresen was also a part of the MIT DCI.
Circle also operates a trading desk for bitcoin and other digital currencies. "We actually operate a trading desk for all virtual currencies - a very active trading desk," noted Brownworth.
The Need for State Channels
According to Brownworth, one of the main things Circle is working on right now is Spark . It's unclear if this is an attempt by Circle to create the main payment platform of the future to replace the likes of Bitcoin and Ethereum as Circle CEO Jeremy Allaire said was needed late last year .
Brownworth described Spark as "smart contract driven," and the Circle chief evangelist explained the payments company's need for state channels on any system they build. "We'll use state channels to keep the cost of transactions low - keep the fees low - and also to add privacy," he said. "For us, state channels are very, very important. We need them either formally supported or we need the contract primitives to be available, so we can make time-locked contracts ( HTLCs )."
An example of state channels is payment channels in Bitcoin where many payments can be made between two parties before eventually being settled on the blockchain. The lightning network is an attempt to create a generalized layer of payment channels where users can send payments to a wide number of other parties via this mechanism.
According to Brownworth, Circle will eventually open-source the Spark platform, and they have no plans to try to compete with other solutions at the platform level. Instead, Circle will focus on building apps on top of the Spark platform.
While Brownworth noted that there were many options for building the Spark platform, Circle's initial implementation uses Ethereum. Brownworth also described the process of learning what it's like to build on top of these sorts of smart contracting platforms.
"What became obvious very quickly, very early on is it's really, really hard to make a smart contract system maintainable," he said. "If you do the sort of Solidity 1.0 basic example and set up your own currency, that's great and all until tomorrow when you want to add a new feature and you have to delete everybody's accounts. Or you have to build in a path for all of that information to make its way into the new contract."
Brownworth added that their current line of thinking is to create a core, permissioning contract that will tell other contracts when there is a new version of that contract available. He also added that this system will be for IOUs rather than digital bearer assets.
Why Build on Ethereum?
During the Q&A portion of his talk, an audience member asked Brownworth to further clarify why Circle was using Ethereum for Spark.
"We could have done this a lot of different ways," responded Brownworth. "We looked at many different options for technologies to implement this in. Essentially, what it comes down to is, believe it or not, maturity at this point versus all of the others."
Brownworth added that Hyperledger and Corda are also interesting, but the maturity of the code available for those platforms does not meet Circle's needs right now. "We actually built this in a number of different platforms, and we ended up coming to the realization that the practical way to implement this right now is Ethereum," he said.
While Spark is being built using Ethereum right now, Brownworth added that Spark is made to be interoperable with other blockchains and platforms via state channels as well.
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. | In addition to various background operations, Brownworth also noted that Circle has helped fund MIT's Digital Currency Initiative ( DCI ), which funds Bitcoin Core contributor Cory Fields , Bitcoin Core maintainer Wladimir van der Laan and lightning network developer Tadge Dryja . In the past, former Bitcoin Core lead maintainer Gavin Andresen was also a part of the MIT DCI. Brownworth described Spark as "smart contract driven," and the Circle chief evangelist explained the payments company's need for state channels on any system they build. | In addition to various background operations, Brownworth also noted that Circle has helped fund MIT's Digital Currency Initiative ( DCI ), which funds Bitcoin Core contributor Cory Fields , Bitcoin Core maintainer Wladimir van der Laan and lightning network developer Tadge Dryja . In the past, former Bitcoin Core lead maintainer Gavin Andresen was also a part of the MIT DCI. Brownworth described Spark as "smart contract driven," and the Circle chief evangelist explained the payments company's need for state channels on any system they build. | In addition to various background operations, Brownworth also noted that Circle has helped fund MIT's Digital Currency Initiative ( DCI ), which funds Bitcoin Core contributor Cory Fields , Bitcoin Core maintainer Wladimir van der Laan and lightning network developer Tadge Dryja . In the past, former Bitcoin Core lead maintainer Gavin Andresen was also a part of the MIT DCI. Brownworth also explained Circle's need for state channels and why the company is now building a new platform on top of Ethereum . | In addition to various background operations, Brownworth also noted that Circle has helped fund MIT's Digital Currency Initiative ( DCI ), which funds Bitcoin Core contributor Cory Fields , Bitcoin Core maintainer Wladimir van der Laan and lightning network developer Tadge Dryja . In the past, former Bitcoin Core lead maintainer Gavin Andresen was also a part of the MIT DCI. Brownworth also explained Circle's need for state channels and why the company is now building a new platform on top of Ethereum . | a06847f2-ef36-4a56-b683-598fc67c60ac |
709977.0 | 2017-03-02 00:00:00 UTC | Donaldson (DCI) Rallies on Q2 Earnings Beat & Raised View | DCI | https://www.nasdaq.com/articles/donaldson-dci-rallies-on-q2-earnings-beat-raised-view-2017-03-02 | nan | nan | Premium filtration products provider, Donaldson Company, Inc.'sDCI adjusted earnings per share came in at 35 cents for second-quarter fiscal 2017, beating the Zacks Consensus Estimate of 31 cents by 12.9%.
Investors were impressed with the beat and the promising guidance revision which drove Donaldson's shares 6.9% higher to $45.92 at the close of the trading session on Mar 1.
The bottom-line figure also improved from the prior-year quarter tally of 29 cents, reflecting an increase of 20.7%. Earnings were driven by sturdy top-line growth, manufacturing efficiencies and streamlined operations.
Inside the Headlines
Donaldson reported total sales of $550.6 million, up 6.4% on a year-over-year basis. Also, revenues beat the Zacks Consensus Estimate of $517 million. Strong performance by the Engine Products segment drove the top line. Also, stabilization in the overall market conditions, as evidenced by the recent restocking activity, proved conducive to the second-quarter fiscal 2017 sales performance.
Revenues at the Engine Products segment were up 12.8% year over year to $361.9 million.
The On Road sub-segment under Engine Products saw a steep decline of 28.2%, which marred the performance of this segment. However, both Aftermarket and Aerospace and Defense showed robust growth, increasing 20.1% and 10.1%, respectively. Further, impressive Off Road performance (up 9.5%) supplemented overall sales of Engine Products segment.
Revenues at the Industrial Products segment declined 3.9% year over year to $188.7 million.
Lackluster performance by Gas Turbines Systems, which plunged 35.6% year over year, weighed on revenues. Also, the Special Applications business, which was down 7.9%, compounded the fall.
Donaldson's adjusted operating margin expanded 220 basis points (bps) year over year to 12.6%. In addition, the company's Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") were $89.5 million as compared with $73.0 million recorded a year ago.
Liquidity & Cash Flow
Donaldson exited the quarter with cash and equivalents of $296.3 million as against $262.2 million as on Oct 31, 2016. The company had long-term debt of $324.7 million as on Jan 31, 2017, compared with $324.7 million as on Oct 31, 2016.
Share Repurchase Program/Dividends
During the fiscal second quarter, the company returned $23.1 million to shareholders through dividend payments. Additionally, Donaldson repurchased 250,000 shares for $10.5 million, which represents 0.2% of its outstanding shares.
Donaldson Company, Inc. Price, Consensus and EPS Surprise
Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote
2017 Guidance
Concurrent with the earnings release, the company raised both its bottom and top-line guidance for fiscal 2017. Donaldson projects fiscal 2017 adjusted earnings per share in the range of $1.60-$1.68, compared to the earlier guidance of $1.50-$1.66.
Currently, the company projects year-over-year fiscal 2017 sales growth in the band of 2-4%, as against the previously guided range of a 2% decline to a 2% increase.
In terms of segments, Donaldson estimates Engine Products sales rise of 5-7% year over year, mainly on the back of robust performance of Aftermarket, Off-Road and Aerospace and Defense. For the Industrial Products segment, the company expects sales to decline in the range of 1-3% on a year-over-year basis. Unimpressive Gas Turbine Systems and Special Applications performance are expected to play spoilsport.
To Conclude
Donaldson's bottom and top-line beat clearly reflects its inherent strength and focus on maintaining operational efficiency. The company's restructuring efforts to improve operating and manufacturing cost structure is helping it to counter uncertain market conditions to some extent. Going forward, robust replacement part sales, first-fit program wins and steady market expansion are expected to drive growth. Also, increasing stability of the end markets raises hope.
Despite these positives, mixed signals provided by many large customers and currency translation headwinds are expected to play dampeners, thus restricting growth of the Zacks Rank #3 (Hold) company.
Stocks to Consider
Better-ranked stocks in the broader sector include II-VI Inc. IIVI , Vertex Energy, Inc. VTNR and Applied Industrial Technologies Inc. AIT . While II-VI boasts a Zacks Rank #1 (Strong Buy), Vertex Energy and Applied Industrial Technologies carry the Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
II-VI Incorporated has registered a remarkable positive average surprise of 59.2% for the trailing four quarters, driven by four consecutive earnings beats.
Vertex Energy has beaten estimates twice in the preceding four quarters, the average positive surprise being 27.1%.
Applied Industrial Technologies managed to beat estimates thrice over the trailing four quarters and has a positive earnings surprise of 6.2%.
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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. | Premium filtration products provider, Donaldson Company, Inc.'sDCI adjusted earnings per share came in at 35 cents for second-quarter fiscal 2017, beating the Zacks Consensus Estimate of 31 cents by 12.9%. Click to get this free report II-VI Incorporated (IIVI): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Vertex Energy, Inc (VTNR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors were impressed with the beat and the promising guidance revision which drove Donaldson's shares 6.9% higher to $45.92 at the close of the trading session on Mar 1. | Premium filtration products provider, Donaldson Company, Inc.'sDCI adjusted earnings per share came in at 35 cents for second-quarter fiscal 2017, beating the Zacks Consensus Estimate of 31 cents by 12.9%. Click to get this free report II-VI Incorporated (IIVI): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Vertex Energy, Inc (VTNR): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. Price, Consensus and EPS Surprise Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote 2017 Guidance Concurrent with the earnings release, the company raised both its bottom and top-line guidance for fiscal 2017. | Click to get this free report II-VI Incorporated (IIVI): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Vertex Energy, Inc (VTNR): Free Stock Analysis Report To read this article on Zacks.com click here. Premium filtration products provider, Donaldson Company, Inc.'sDCI adjusted earnings per share came in at 35 cents for second-quarter fiscal 2017, beating the Zacks Consensus Estimate of 31 cents by 12.9%. Donaldson Company, Inc. Price, Consensus and EPS Surprise Donaldson Company, Inc. Price, Consensus and EPS Surprise | Donaldson Company, Inc. Quote 2017 Guidance Concurrent with the earnings release, the company raised both its bottom and top-line guidance for fiscal 2017. | Premium filtration products provider, Donaldson Company, Inc.'sDCI adjusted earnings per share came in at 35 cents for second-quarter fiscal 2017, beating the Zacks Consensus Estimate of 31 cents by 12.9%. Click to get this free report II-VI Incorporated (IIVI): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Vertex Energy, Inc (VTNR): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues at the Industrial Products segment declined 3.9% year over year to $188.7 million. | 535aa517-7d1d-4c43-8507-c67b50c600ca |
709978.0 | 2017-02-28 00:00:00 UTC | Pre-Market Earnings Report for March 1, 2017 : LOW, DLTR, BBY, DCI, HPT, TRCO, AEO, INXN, LXP, DY, ODP, PEGI | DCI | https://www.nasdaq.com/articles/pre-market-earnings-report-march-1-2017-low-dltr-bby-dci-hpt-trco-aeo-inxn-lxp-dy-odp-pegi | nan | nan | The following companies are expected to report earnings prior to market open on 03/01/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Lowe's Companies, Inc. ( LOW ) is reporting for the quarter ending January 31, 2017. The building company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.79. This value represents a 33.90% increase compared to the same quarter last year. The last two quarters LOW had negative earnings surprises; the latest report they missed by -8.33%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for LOW is 19.49 vs. an industry ratio of 15.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Dollar Tree, Inc. ( DLTR ) is reporting for the quarter ending January 31, 2017. The discount retail company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.33. This value represents a 31.68% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DLTR is 20.99 vs. an industry ratio of 15.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Best Buy Co., Inc. ( BBY ) is reporting for the quarter ending January 31, 2017. The retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.66. This value represents a 8.50% increase compared to the same quarter last year. In the past year BBY has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 31.91%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for BBY is 14.11 vs. an industry ratio of 2.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending January 31, 2017. The pollution control company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.31. This value represents a 6.90% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 27.26 vs. an industry ratio of -10.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Hospitality Properties Trust ( HPT ) is reporting for the quarter ending December 31, 2016. The reit company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.55. This value represents a 1.85% increase compared to the same quarter last year. HPT missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -0.96%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for HPT is 9.02 vs. an industry ratio of 20.30.
Tribune Media Company ( TRCO ) is reporting for the quarter ending December 31, 2016. The broadcast (radio/tv) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.90. This value represents a 42.86% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for TRCO is 17.47 vs. an industry ratio of 31.30.
American Eagle Outfitters, Inc. ( AEO ) is reporting for the quarter ending January 31, 2017. The retail (shoe) company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.38. This value represents a 9.52% decrease compared to the same quarter last year. In the past year AEO has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AEO is 12.74 vs. an industry ratio of 6.70, implying that they will have a higher earnings growth than their competitors in the same industry.
InterXion Holding N.V. ( INXN ) is reporting for the quarter ending December 31, 2016. The internet services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.16. This value represents a 15.79% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for INXN is 66.02 vs. an industry ratio of 21.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Lexington Realty Trust ( LXP ) is reporting for the quarter ending December 31, 2016. The reit company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.24. This value represents a 17.24% decrease compared to the same quarter last year. In the past year LXP has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 3.7%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for LXP is 10.18 vs. an industry ratio of 20.30.
Dycom Industries, Inc. ( DY ) is reporting for the quarter ending January 31, 2017. The building company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.69. This value represents a 27.78% increase compared to the same quarter last year. DY missed the consensus earnings per share in the 1st calendar quarter of 2016 by -5.26%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DY is 16.08 vs. an industry ratio of 17.30.
Office Depot, Inc. ( ODP ) is reporting for the quarter ending December 31, 2016. The retail company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.10. This value represents a 42.86% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ODP is 10.85 vs. an industry ratio of 20.60.
Pattern Energy Group Inc. ( PEGI ) is reporting for the quarter ending December 31, 2016. The electric power utilities company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.00. This value represents a 100.00% decrease compared to the same quarter last year. In the past year PEGI has met analyst expectations once and beat the expectations the other two quarters. Zacks Investment Research reports that the 2016 Price to Earnings ratio for PEGI is -54.05 vs. an industry ratio of 10.60.
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. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending January 31, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 27.26 vs. an industry ratio of -10.50, implying that they will have a higher earnings growth than their competitors in the same industry. The discount retail company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.33. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending January 31, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 27.26 vs. an industry ratio of -10.50, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2017 Price to Earnings ratio for LOW is 19.49 vs. an industry ratio of 15.70, implying that they will have a higher earnings growth than their competitors in the same industry. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending January 31, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 27.26 vs. an industry ratio of -10.50, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2017 Price to Earnings ratio for LOW is 19.49 vs. an industry ratio of 15.70, implying that they will have a higher earnings growth than their competitors in the same industry. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending January 31, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DCI is 27.26 vs. an industry ratio of -10.50, implying that they will have a higher earnings growth than their competitors in the same industry. In the past year BBY has beat the expectations every quarter. | e09b200e-415b-44b3-91ca-a6fe7d69a5fa |
709979.0 | 2017-02-09 00:00:00 UTC | Donaldson Company, Inc. (DCI) Ex-Dividend Date Scheduled for February 10, 2017 | DCI | https://www.nasdaq.com/articles/donaldson-company-inc-dci-ex-dividend-date-scheduled-february-10-2017-2017-02-09 | nan | nan | Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on February 10, 2017. A cash dividend payment of $0.175 per share is scheduled to be paid on March 03, 2017. Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that DCI has paid the same dividend.
The previous trading day's last sale of DCI was $41.58, representing a -10.17% decrease from the 52 week high of $46.29 and a 50.38% increase over the 52 week low of $27.65.
DCI is a part of the Capital Goods sector, which includes companies such as CECO Environmental Corp. ( CECE ) and MFRI, Inc. ( MFRI ). DCI's current earnings per share, an indicator of a company's profitability, is $1.56. Zacks Investment Research reports DCI's forecasted earnings growth in 2017 as 5.04%, compared to an industry average of 3.6%.
For more information on the declaration, record and payment dates, visit the DCI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DCI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DCI as a top-10 holding:
PowerShares Cleantech Portfolio ( PZD ).
The top-performing ETF of this group is PZD with an increase of 4.86% over the last 100 days. It also has the highest percent weighting of DCI at 3.05%.
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. | Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports DCI's forecasted earnings growth in 2017 as 5.04%, compared to an industry average of 3.6%. For more information on the declaration, record and payment dates, visit the DCI Dividend History page. | Shareholders who purchased DCI 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. Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on February 10, 2017. | Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DCI was $41.58, representing a -10.17% decrease from the 52 week high of $46.29 and a 50.38% increase over the 52 week low of $27.65. For more information on the declaration, record and payment dates, visit the DCI Dividend History page. | Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on February 10, 2017. This marks the 4th quarter that DCI has paid the same dividend. | 25e2da60-7bf9-4dd2-8ee6-4d4515ca2af8 |
709980.0 | 2017-01-19 00:00:00 UTC | Emerson (EMR) Wins Contract for Biomass-Fueled Plant in UK | DCI | https://www.nasdaq.com/articles/emerson-emr-wins-contract-for-biomass-fueled-plant-in-uk-2017-01-19 | nan | nan | Emerson Electric Co.EMR won a contract with EPH Lynemouth Power, which entails conversion of the 44-year-old coal-fired Lynemouth Power Station to a new biomass-fueled power plant. The move reflects Emerson's commitment toward innovation-based strategy.
Emerson's stock is currently performing better than most of its peers. Over the past three months, shares of this Zacks Rank #3 (Hold) stock recorded a return of 14.1% - outperforming the 5.4% return generated by the Zacks categorized Machinery-Electrical industry.
Coming back to the contract, Emerson will be the main automation contractor and main electrical contractor as well. Moreover, it shall be responsible for supporting the completion of the project on time and within budget. This project is in sync with Europe's policy of curbing greenhouse gas emissions, while boosting renewable energy and energy efficiency.
Post completion (which is scheduled for late 2017), the plant will supply the national grid with up to 390 megawatts of low-carbon electricity and will be fueled by roughly 1.4 million tons of wood waste per year.
Emerson offers a single integrated automation platform for all applications - turbine, boiler, fuel handling and balance-of-plant processes, as well as electrical systems, distinguishing the company from its peers. Its project management expertise was also a crucial factor that resulted in its selection for the project. Emerson's full-scope project execution will assist in streamlining workflow, reducing risks and trimming costs for the project.
Per Emerson, the demand for biomass-fueled power continues to chart an upward trajectory, helped by utilities which are diversifying their portfolio to meet evolving environmental mandates.
Overall, Emerson is poised to grow on the back of bold restructuring moves, acquisitions and greater innovation. However, weakness prevailing within the oil & gas markets, stiff industry rivalry and increasing restructuring expenses remain major causes of concern.
Key Picks
Better-ranked stocks in the broader sector include ABB Ltd. ABB , Applied Industrial Technologies, Inc. AIT and Donaldson Company, Inc. DCI .
ABB Ltd., sporting a Zacks Rank #1 (Strong Buy), has generated a positive average earnings surprise of 23.5% in the trailing four quarters. You can see the complete list of today's Zacks #1 Rank stocks here.
Applied Industrial Technologies currently carries a Zacks Rank #2 (Buy). It posted an average positive earnings surprise of 4.93%, over the last four quarters.
Donaldson Company manufactures and sells filtration systems and replacement parts worldwide. The Zacks Rank #2 company managed to beat earnings estimates twice over the trailing four quarters. In the last reported quarter, it surprised estimates by 8.6%.
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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. | Key Picks Better-ranked stocks in the broader sector include ABB Ltd. ABB , Applied Industrial Technologies, Inc. AIT and Donaldson Company, Inc. DCI . Click to get this free report ABB Ltd. (ABB): Free Stock Analysis Report Emerson Electric Co. (EMR): Free Stock Analysis Report Applied Industrial Technologies Inc. (AIT): Free Stock Analysis Report Donaldson Co. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Post completion (which is scheduled for late 2017), the plant will supply the national grid with up to 390 megawatts of low-carbon electricity and will be fueled by roughly 1.4 million tons of wood waste per year. | Key Picks Better-ranked stocks in the broader sector include ABB Ltd. ABB , Applied Industrial Technologies, Inc. AIT and Donaldson Company, Inc. DCI . Click to get this free report ABB Ltd. (ABB): Free Stock Analysis Report Emerson Electric Co. (EMR): Free Stock Analysis Report Applied Industrial Technologies Inc. (AIT): Free Stock Analysis Report Donaldson Co. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. ABB Ltd., sporting a Zacks Rank #1 (Strong Buy), has generated a positive average earnings surprise of 23.5% in the trailing four quarters. | Click to get this free report ABB Ltd. (ABB): Free Stock Analysis Report Emerson Electric Co. (EMR): Free Stock Analysis Report Applied Industrial Technologies Inc. (AIT): Free Stock Analysis Report Donaldson Co. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Better-ranked stocks in the broader sector include ABB Ltd. ABB , Applied Industrial Technologies, Inc. AIT and Donaldson Company, Inc. DCI . Over the past three months, shares of this Zacks Rank #3 (Hold) stock recorded a return of 14.1% - outperforming the 5.4% return generated by the Zacks categorized Machinery-Electrical industry. | Key Picks Better-ranked stocks in the broader sector include ABB Ltd. ABB , Applied Industrial Technologies, Inc. AIT and Donaldson Company, Inc. DCI . Click to get this free report ABB Ltd. (ABB): Free Stock Analysis Report Emerson Electric Co. (EMR): Free Stock Analysis Report Applied Industrial Technologies Inc. (AIT): Free Stock Analysis Report Donaldson Co. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Emerson offers a single integrated automation platform for all applications - turbine, boiler, fuel handling and balance-of-plant processes, as well as electrical systems, distinguishing the company from its peers. | f0cde545-17a5-490c-ae9d-2d70fcb350a1 |
709981.0 | 2017-01-16 00:00:00 UTC | ABB Wins $75M Order for Power Transmission Link in Brazil | DCI | https://www.nasdaq.com/articles/abb-wins-%2475m-order-for-power-transmission-link-in-brazil-2017-01-16 | nan | nan | ABB Ltd. ABB secured its third contract in a week, as it clinched a $75-million power order for long-distance power transmission link in Brazil. The contract follows two others earlier in the week, one for the modernization of the existing Sylmar HVDC (high-voltage direct current) converter station in California and another to deliver a transmission link with the capacity to bring reliable electricity to over 80 million people in India.
The current order entails supplying advanced converter transformers for the Belo Monte 800 kilovolts (kV) ultra-high-voltage direct current (UHVDC) transmission link. This link will transmit clean power generated in the north of Brazil, from the Xingu substation, to the Rio Substation in the southeast. The transmitted electricity will be able to cater to the needs of roughly 10 million people.
ABB had booked the order in fourth-quarter 2016.
ABB forged HVDC technology over 60 years back and has been awarded over 110 HVDC projects till date. UHVDC is an advancement of HVDC - representing the greatest capacity and efficiency increase in over two decades. ABB will employ its UHDVC technology for this project, which helps balance renewable and conventional electricity supply and transmit clean power across long distances efficiently, while minimizing losses.
This is part of the company's "Next Level" strategy, which focuses on integrating renewable sources with traditional grids, for reliable and efficient transmission of power.
ABB is likely one of the world's best-managed industrial infrastructure, power and automation companies. Its shares recorded an average return of 12.8% over the past six months, outperforming the Zacks categorized Machinery - Electrical industry average of 8.3%.
In addition, the company has been witnessing solid activity on the earnings estimate revision front over the past month, reflecting bullish analyst sentiment. Over the past 60 days, the company recorded two upward estimate revisions versus none lower. This has led the Zacks Consensus Estimate for 2016 earnings to trend up from 98 cents to $1.09, reflecting an impressive increase of 11.2%.
We expect ABB to benefit from huge investments in HVDC and ultra high voltage DC power transmission projects, as well as continuing investments in the maintenance of aging electric infrastructures.
Further, over the long haul, this Zacks Rank #1 (Strong Buy) company believes that its prospects are bright for all three major markets, including utilities, industry and transport & infrastructure. Positive development in the electricity value chain, rapid progress of Internet of Things, Services and People, rapid urbanization and a surge in energy-efficient transport & infrastructure bode well for the company, over the long term.
Key Picks
Other stocks worth considering in the same space include KBR, Inc. KBR , A. O. Smith Corporation AOS and Donaldson Company, Inc. DCI , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
KBR, which operates as an engineering, construction, and services company worldwide, has an average positive earnings surprise of 3.9%, for the trailing four quarters, beating estimates twice.
Headquartered in Milwaukee, WI, A.O. Smith is one of the leading manufacturers of commercial and residential water heating equipment, as well as water treatment products of the world. The company also boasts a striking earnings surprise history and has an average positive surprise of 5.9% for the trailing four quarters, beating estimates all through.
Donaldson Company manufactures and sells filtration systems and replacement parts worldwide. It operates through two segments, Engine Products and Industrial Products. The company managed to beat earnings estimates twice over the trailing four quarters. In the last reported quarter, it surprised estimates by 8.6%.
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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. | Key Picks Other stocks worth considering in the same space include KBR, Inc. KBR , A. O. Smith Corporation AOS and Donaldson Company, Inc. DCI , each carrying a Zacks Rank #2 (Buy). Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The contract follows two others earlier in the week, one for the modernization of the existing Sylmar HVDC (high-voltage direct current) converter station in California and another to deliver a transmission link with the capacity to bring reliable electricity to over 80 million people in India. | Key Picks Other stocks worth considering in the same space include KBR, Inc. KBR , A. O. Smith Corporation AOS and Donaldson Company, Inc. DCI , each carrying a Zacks Rank #2 (Buy). Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Click to get this free report KBR, Inc. (KBR): Free Stock Analysis Report ABB Ltd (ABB): Free Stock Analysis Report Smith (A.O.) | Key Picks Other stocks worth considering in the same space include KBR, Inc. KBR , A. O. Smith Corporation AOS and Donaldson Company, Inc. DCI , each carrying a Zacks Rank #2 (Buy). Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Click to get this free report KBR, Inc. (KBR): Free Stock Analysis Report ABB Ltd (ABB): Free Stock Analysis Report Smith (A.O.) | Key Picks Other stocks worth considering in the same space include KBR, Inc. KBR , A. O. Smith Corporation AOS and Donaldson Company, Inc. DCI , each carrying a Zacks Rank #2 (Buy). Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. ABB Ltd. ABB secured its third contract in a week, as it clinched a $75-million power order for long-distance power transmission link in Brazil. | 512bacdd-ec45-415f-b3fc-ec9d1aec05ee |
709982.0 | 2017-01-12 00:00:00 UTC | ABB's Winning Streak Continues, Secures $100M U.S. Order | DCI | https://www.nasdaq.com/articles/abbs-winning-streak-continues-secures-%24100m-u.s.-order-2017-01-12 | nan | nan | ABB Ltd. ABB secured an order worth over $100 million from the U.S. utility Los Angeles Department of Water and Power (LADWP), which follows a $640 million mega project in India that the company finalized two days back.
The new contract entails the modernization of the existing Sylmar HVDC (high-voltage direct current) converter station in California. This station forms a crucial part of the electricity link between the Pacific Northwest and southern California, commissioned in 1970. The order was booked in fourth-quarter 2016.
In fact, ABB forged HVDC technology over 60 years back and has been awarded over 110 HVDC projects to date. This accounts for a total installed capacity of more than 120,000 megawatts, making up around half of the global installed base.
The Pacific Intertie is the first major HVDC link to be installed in the U.S. and has delivered power to millions for nearly five decades in the U.S. After helping build the Pacific Intertie in 1965, ABB has delivered multiple performance and life-extending upgrades over the last 46 years. This contract represents ABB's sixth order to work on the Pacific Intertie.
The Sylmar upgrade will allow securing power supplies, while delivering higher efficiency and reliability, and also enable exceptional control. Digitalization will also be an important consideration in the upgrade, and ABB will install the updated version of its most advanced digital MACH control and protection system.
ABB - a global leader in HVDC - remains at the forefront of HVDC innovation. The company is also distinctively positioned in the power sector with in-house manufacturing capability for all essential components of HVDC systems.
Further, this project is also part of the company's "Next Level" strategy, which focuses on commitment to service and lifetime support.
ABB is likely one of the world's best-managed industrial infrastructure, power and automation companies. Its shares have recorded an average return of 13.5% over the past six months, outperforming the Zacks categorized Machinery - Electrical industry average of 7.8%.
Also, the company has been witnessing solid activity on the earnings estimate revision front over the past month, thus reflecting bullish analyst sentiment. Over the past 60 days, the company has witnessed two upward estimate revisions versus none lower. This has led the Zacks Consensus Estimate for 2016 earnings to trend up from 98 cents to $1.09, reflecting an impressive increase of 11.2%.
We expect ABB to benefit from huge investments in HVDC and ultra high voltage DC power transmission projects, as well as continuing investments in the maintenance of aging electric infrastructures.
Further, over the long haul, this Zacks Rank #1 (Strong Buy) company believes that its prospects are bright for all three major markets, including utilities, industry and transport & infrastructure. Positive development in the electricity value chain, rapid progress of Internet of Things, Services and People, rapid urbanization and a surge in energy-efficient transport & infrastructure bode well for the company over the long term.
Other Stocks to Consider
Other stocks worth considering in the same space include KBR, Inc. KBR , A. O. Smith Corp. AOS and Donaldson Company, Inc. DCI , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
KBR, which operates as an engineering, construction, and services company worldwide, has an average positive earnings surprise of 3.9%, for the trailing four quarters, beating estimates twice.
Headquartered in Milwaukee, WI, A.O. Smith is one of the leading manufacturers of commercial and residential water heating equipment, as well as water treatment products of the world. The company also boasts a striking earnings surprise history and has an average positive surprise of 5.9% over the trailing four quarters, beating estimates all through.
Donaldson Company manufactures and sells filtration systems and replacement parts worldwide. It operates through two segments, Engine Products and Industrial Products. The company has managed to beat earnings estimates twice over the trailing four quarters. In the last reported quarter, it surprised estimates by 8.6%.
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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. | Other Stocks to Consider Other stocks worth considering in the same space include KBR, Inc. KBR , A. O. Smith Corp. AOS and Donaldson Company, Inc. DCI , each carrying a Zacks Rank #2 (Buy). Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Also, the company has been witnessing solid activity on the earnings estimate revision front over the past month, thus reflecting bullish analyst sentiment. | Other Stocks to Consider Other stocks worth considering in the same space include KBR, Inc. KBR , A. O. Smith Corp. AOS and Donaldson Company, Inc. DCI , each carrying a Zacks Rank #2 (Buy). Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Click to get this free report KBR, Inc. (KBR): Free Stock Analysis Report ABB Ltd (ABB): Free Stock Analysis Report Smith (A.O.) | Other Stocks to Consider Other stocks worth considering in the same space include KBR, Inc. KBR , A. O. Smith Corp. AOS and Donaldson Company, Inc. DCI , each carrying a Zacks Rank #2 (Buy). Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Click to get this free report KBR, Inc. (KBR): Free Stock Analysis Report ABB Ltd (ABB): Free Stock Analysis Report Smith (A.O.) | Other Stocks to Consider Other stocks worth considering in the same space include KBR, Inc. KBR , A. O. Smith Corp. AOS and Donaldson Company, Inc. DCI , each carrying a Zacks Rank #2 (Buy). Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. KBR, which operates as an engineering, construction, and services company worldwide, has an average positive earnings surprise of 3.9%, for the trailing four quarters, beating estimates twice. | 59b64edb-ae48-493d-9f32-f0c6c15e1a72 |
709983.0 | 2017-01-11 00:00:00 UTC | ABB Ltd. to Build India's Longest Power Transmission Link | DCI | https://www.nasdaq.com/articles/abb-ltd.-to-build-indias-longest-power-transmission-link-2017-01-11 | nan | nan | ABB Ltd.ABB , in collaboration with India's national electricity grid operator, Power Grid Corporation of India Limited (POWERGRID), will deliver a transmission link, big enough to meet electricity needs of over 80 million people in India. The order, booked in fourth-quarter 2016, is expected to be complete by 2019.
The $640-million project strengthens ABB's HVDC track record in India, where it had introduced the technology almost two decades ago. The Raigarh-Pugalur project is ABB's sixth HVDC project in India and the second UHVDC installation. Previously, this Zürich, Switzerland-based company had also won the multi-terminal North-East Agra link, which is currently in its final phase of completion.
The Raigarh-Pugalur 800 kilovolt (kV) ultra-high-voltage direct current ("UHVDC") system is a 1,830 kilometer (km) link and will link Raigarh in Chhattisgarh to Pugalur in Tamil Nadu. It will have a capacity of 6,000 megawatts and can integrate thermal and wind energy for transmission of power. Per the latest deal, ABB will supervise the design, engineering, supply, installation and commissioning for this project. It will also supply major equipment, including transformers, converter valves, cooling systems and so on.
Net worth of the project is $840 million and the remainder of the work will be executed by one of India's largest public sector company and ABB's consortium partner - BHEL (Bharat Heavy Electricals Limited). ABB firmly believes that it will be able to execute this project smoothly, based on its extensive local manufacturing and engineering base in India.
ABB's UHDVC technology helps balancing of renewable and conventional electricity supply in a reliable fashion. The company's "Next Level" strategy focuses on integrating renewable sources with traditional grids for reliable and efficient transmission of power.
We believe ABB is one of the best managed industrial infrastructure, power and automation companies in the world. The company's shares recorded an average return of 13.2% over the past six months, outpacing the Zacks categorized Machinery-Electrical industry average of 6.3%.
Key Picks
Other similarly-ranked stocks include KBR, Inc. KBR , A. O. Smith Corporation AOS and Donaldson Company, Inc. DCI . You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
KBR has an average positive earnings surprise of 3.9%, for the trailing four quarters, beating estimates twice.
With four repeated earnings beats over the trailing four quarters, A. O. Smith has an average positive surprise of 5.9%.
Donaldson Company, Inc. has managed to beat earnings estimates twice over the trailing four quarters.
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In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
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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. | Key Picks Other similarly-ranked stocks include KBR, Inc. KBR , A. O. Smith Corporation AOS and Donaldson Company, Inc. DCI . Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Previously, this Zürich, Switzerland-based company had also won the multi-terminal North-East Agra link, which is currently in its final phase of completion. | Key Picks Other similarly-ranked stocks include KBR, Inc. KBR , A. O. Smith Corporation AOS and Donaldson Company, Inc. DCI . Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Click to get this free report KBR, Inc. (KBR): Free Stock Analysis Report ABB Ltd (ABB): Free Stock Analysis Report Smith (A.O.) | Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Other similarly-ranked stocks include KBR, Inc. KBR , A. O. Smith Corporation AOS and Donaldson Company, Inc. DCI . ABB Ltd.ABB , in collaboration with India's national electricity grid operator, Power Grid Corporation of India Limited (POWERGRID), will deliver a transmission link, big enough to meet electricity needs of over 80 million people in India. | Key Picks Other similarly-ranked stocks include KBR, Inc. KBR , A. O. Smith Corporation AOS and Donaldson Company, Inc. DCI . Corporation (AOS): Free Stock Analysis Report Donaldson Company, Inc. (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The Raigarh-Pugalur project is ABB's sixth HVDC project in India and the second UHVDC installation. | 99e101f4-7212-4443-bec4-fdf3ab752186 |
709984.0 | 2017-01-10 00:00:00 UTC | CECO Environmental Upped to Strong Buy on Solid Prospects | DCI | https://www.nasdaq.com/articles/ceco-environmental-upped-to-strong-buy-on-solid-prospects-2017-01-10 | nan | nan | Zacks Investment Research upgraded CECO Environmental CorporationCECE to a Zacks Rank #1 (Strong Buy) on Jan 10, 2017. Going by the Zacks model, companies sporting a Zacks Rank #1 have strong chances of outperforming the broader market.
Post the release of third-quarter 2016 results on Nov 8, CECO Environmental's shares yielded return of 35%, outperforming the return of 12.6% recorded by the Zacks categorized Pollution Control Equipment & Services industry.
Why the Upgrade?
Market sentiments have been favoring CECO Environmental for quite some time now. In the first three quarters of 2016, the company reported better-than-expected results, with an earnings surprise of 20% in the last reported quarter. In the quarters ahead, the company plans to boost shareholders' value through steady growth in market share and recurring revenues, lower leverage ratio, margin improvement and higher free cash flow generation.
Also, CECO Environmental believes in acquiring meaningful business for expanding in new and unexplored markets as well as improving its product offerings. At its third-quarter conference call, the company communicated that the acquired Peerless assets (acquired in Sep 2015) contributed nearly $13.1 million in operating income in the first nine months of 2016, while adding $20 million in operational efficiency. For 2017, the company anticipates to be track to deliver $20 million in earnings before interest, taxes, depreciation and amortization.
Investors seem to be optimistic about CECO Environmental's future prospects, as evident from upward revisions in earnings estimates for the stock. Over the last 60 days, the Zacks Consensus Estimate for the company increased 6.3% to 84 cents per share for 2016 (results yet to be reported) and by 4.5% to 93 cents per share for 2017.
CECO Environmental Corp. Price and Consensus
CECO Environmental Corp. Price and Consensus | CECO Environmental Corp. Quote
Other Stocks to Consider
CECO Environmental Corporation has a market capitalization of $473 million. Other stocks worth considering in the pollution control industry include Heritage-Crystal Clean, Inc. HCCI , Donaldson Company, Inc. DCI and Vertex Energy, Inc. VTNR . While Heritage-Crystal Clean sports a Zacks Rank #1, both Donaldson Company and Vertex Energy, Inc. carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Heritage-Crystal Clean reported better-than-expected results in the last quarter, with a positive earnings surprise of 69.23%. Also, earnings estimates for 2017 improved over the past 60 days.
Donaldson Company, Inc.'s earnings estimates for fiscal 2017 and 2018 have been revised upward, over the last 60 days. Also, the company reported better-than-expected results in the last quarter, with a positive earnings surprise of 8.57%.
Vertex Energy, Inc. has witnessed positive revisions in bottom-line estimates for 2017, over the past 60 days. Also, the company has a positive average earnings surprise of 27.12% for the trailing four quarters.
Zacks' Top 10 Stocks for 2017
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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. | Other stocks worth considering in the pollution control industry include Heritage-Crystal Clean, Inc. HCCI , Donaldson Company, Inc. DCI and Vertex Energy, Inc. VTNR . Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Vertex Energy, Inc (VTNR): Free Stock Analysis Report Heritage-Crystal Clean, Inc. (HCCI): Free Stock Analysis Report CECO Environmental Corp. (CECE): Free Stock Analysis Report To read this article on Zacks.com click here. In the quarters ahead, the company plans to boost shareholders' value through steady growth in market share and recurring revenues, lower leverage ratio, margin improvement and higher free cash flow generation. | Other stocks worth considering in the pollution control industry include Heritage-Crystal Clean, Inc. HCCI , Donaldson Company, Inc. DCI and Vertex Energy, Inc. VTNR . Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Vertex Energy, Inc (VTNR): Free Stock Analysis Report Heritage-Crystal Clean, Inc. (HCCI): Free Stock Analysis Report CECO Environmental Corp. (CECE): Free Stock Analysis Report To read this article on Zacks.com click here. CECO Environmental Corp. Price and Consensus CECO Environmental Corp. Price and Consensus | CECO Environmental Corp. Quote Other Stocks to Consider CECO Environmental Corporation has a market capitalization of $473 million. | Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Vertex Energy, Inc (VTNR): Free Stock Analysis Report Heritage-Crystal Clean, Inc. (HCCI): Free Stock Analysis Report CECO Environmental Corp. (CECE): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth considering in the pollution control industry include Heritage-Crystal Clean, Inc. HCCI , Donaldson Company, Inc. DCI and Vertex Energy, Inc. VTNR . CECO Environmental Corp. Price and Consensus CECO Environmental Corp. Price and Consensus | CECO Environmental Corp. Quote Other Stocks to Consider CECO Environmental Corporation has a market capitalization of $473 million. | Other stocks worth considering in the pollution control industry include Heritage-Crystal Clean, Inc. HCCI , Donaldson Company, Inc. DCI and Vertex Energy, Inc. VTNR . Click to get this free report Donaldson Company, Inc. (DCI): Free Stock Analysis Report Vertex Energy, Inc (VTNR): Free Stock Analysis Report Heritage-Crystal Clean, Inc. (HCCI): Free Stock Analysis Report CECO Environmental Corp. (CECE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research upgraded CECO Environmental CorporationCECE to a Zacks Rank #1 (Strong Buy) on Jan 10, 2017. | 6b5374ab-b446-4568-bac6-7dcf22f2c35b |
709985.0 | 2016-12-15 00:00:00 UTC | Apogee (APOG) Earnings & Revenues Miss Estimates in Q3 | DCI | https://www.nasdaq.com/articles/apogee-apog-earnings-revenues-miss-estimates-in-q3-2016-12-15 | nan | nan | Apogee Enterprises, Inc.APOG reported earnings per share of 78 cents in third-quarter fiscal 2017 (ended Nov 26, 2016), up 24% from 63 cents per share in the prior-year quarter. Further, earnings fell short of the Zacks Consensus Estimate of 79 cents.
The company reported total revenues of $274 million, which grew 15% year over year. Moreover, revenues missed the Zacks Consensus Estimate of $277.5 million.
FindTheCompany | Graphiq
Apogee delivered another quarter of strong top and bottom-line growth, on the back of its architectural businesses. Results continue to be driven by its strategies to grow through new geographies, new products and new markets, along with focus on better project selection, productivity and operational improvements. This is reflected in Apogee's share price performance year to date. It has outperformed the Zacks categorized Glass Products industry, with a year-to-date gain of 12.00% compared with the industry's gain of 5.87%.
Cost of goods sold went up 14% year over year to $201 million. Gross profit improved 17% year over year to $72.9 million. Gross margin expanded 40 basis points (bps) to 26.6%. Selling, general and administrative (SG&A) expenses increased 15% year over year to $39.6 million. Operating income jumped 19% year over year to $33 million. Operating margin was up 40 bps year over year to 12.1%.
Segment Performance
Revenues at the Architectural Glass segment increased 25% year over year to $107 million. Operating income in the quarter surged 40% to $11.7 million from $8.4 million in the prior-year quarter.
Revenues at the Architectural Services segment rose 5% year over year to $64.4 million. The segment reported an operating profit of $4.9 million up 33% from $3.7 million in the year-ago quarter.
The Architectural Framing Systems segment's revenues grew 19% year over year to $90.9 million led by volume growth along with improved pricing and mix. The segment's operating income was up 28% to $11.8 million from $9.2 million in the prior-year quarter.
The Large-Scale Optical Technologies segment's revenues declined 9% year over year to $22.1 million. Operating income in the reported quarter was $5.9 million, which fell 22% from $7.6 million in the year-ago quarter.
Financial Position
At the end of fiscal third-quarter, Apogee had cash and short-term investments of $97.1 million compared with $90.6 million as of fiscal 2016 end. The company generated cash flow from operations of $70.5 million for the nine-month period ended Nov 26, 2016 compared with $86.2 million in the year-ago period. During the third quarter, Apogee paid cash dividends of $3.6 million and repurchased 250,000 shares of common stock for $10.8 million to offset dilution from compensation programs.
Segment backlog at the Architectural Glass segment stood at $84.7 million in the third quarter, down from $90.7 million in second-quarter fiscal 2017. In the Architectural Framing Systems segment, backlog was $164.1 million, compared with $130.5 million in second-quarter fiscal 2017. Architectural Services' segment backlog was $195.5 million, a dip from $236.1 million in second-quarter fiscal 2017.
Further, Apogee announced the acquisition of Sotawall Limited, a leading designer and fabricator of high-performance, unitized curtainwall systems for commercial construction projects in North America, for approximately $135 million. The buyout will expand Apogee's geographic presence in Canada and the U.S., while adding unique curtainwall products to its offerings. The acquisition of this $100 million revenue business will add to its architectural framing systems segment and will also be accretive to Apogee's earnings in fiscal 2018.
APOGEE ENTRPRS Price, Consensus and EPS Surprise
APOGEE ENTRPRS Price, Consensus and EPS Surprise | APOGEE ENTRPRS Quote
Outlook for Fiscal 2017 and Beyond
Apogee raised its earnings per share outlook for fiscal 2017 to $2.85-$2.95 from the previous guidance of $2.80-$2.90. The upbeat guidance came on the back of solid execution of strategies to improve operational performance, productivity and project selection. The company maintained its outlook for revenue growth of approximately 10% for fiscal 2017. However, this guidance does not include the impact of the Sotawall acquisition that will add approximately $15 million to fourth-quarter revenues at a break-even operating margin on account of purchase accounting costs.
The company anticipates delivering capital expenditures of approximately $70 million in fiscal 2017, as it is investing to enhance capabilities and productivity capacity. Gross margin is estimated to be approximately 26.7% and operating margin of approximately 11.5%.
Apogee expects mid-single digit U.S. commercial construction market growth in fiscal 2017 and 2018, as market activity, the Architecture Billings Index, office employment and office vacancy rates have witnessed positive momentum. With internal market visibility and external metrics showing positive signs, the company expects U.S. non-residential market to growth at least through fiscal 2020.
For the long term, the company believes to grow through expanding in new geographies, fresh products and markets along with robust backlog and bidding activity.
Apogee currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , Worthington Industries, Inc. WOR and Donaldson Company, Inc. DCI .
Alarm.Com Holdings has an impressive track record of earnings surprises, with an average positive earnings surprise of 9.09% in the last four quarters and carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Worthington Industries, which also carries a Zacks Rank #2, has an average positive earnings surprise of 6.25% in the last four quarters.
Donaldson, a Zacks Rank #2, has delivered a positive average earnings surprise of 3.23% in the last four quarters.
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APOGEE ENTRPRS (APOG): Free Stock Analysis Report
WORTHINGTON IND (WOR): Free Stock Analysis Report
DONALDSON CO (DCI): Free Stock Analysis Report
ALARM.COM HLDGS (ALRM): Free Stock Analysis Report
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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. | Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , Worthington Industries, Inc. WOR and Donaldson Company, Inc. DCI . Click to get this free report APOGEE ENTRPRS (APOG): Free Stock Analysis Report WORTHINGTON IND (WOR): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report ALARM.COM HLDGS (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. Further, Apogee announced the acquisition of Sotawall Limited, a leading designer and fabricator of high-performance, unitized curtainwall systems for commercial construction projects in North America, for approximately $135 million. | Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , Worthington Industries, Inc. WOR and Donaldson Company, Inc. DCI . Click to get this free report APOGEE ENTRPRS (APOG): Free Stock Analysis Report WORTHINGTON IND (WOR): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report ALARM.COM HLDGS (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. APOGEE ENTRPRS Price, Consensus and EPS Surprise APOGEE ENTRPRS Price, Consensus and EPS Surprise | APOGEE ENTRPRS Quote Outlook for Fiscal 2017 and Beyond Apogee raised its earnings per share outlook for fiscal 2017 to $2.85-$2.95 from the previous guidance of $2.80-$2.90. | Click to get this free report APOGEE ENTRPRS (APOG): Free Stock Analysis Report WORTHINGTON IND (WOR): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report ALARM.COM HLDGS (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , Worthington Industries, Inc. WOR and Donaldson Company, Inc. DCI . Segment backlog at the Architectural Glass segment stood at $84.7 million in the third quarter, down from $90.7 million in second-quarter fiscal 2017. | Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , Worthington Industries, Inc. WOR and Donaldson Company, Inc. DCI . Click to get this free report APOGEE ENTRPRS (APOG): Free Stock Analysis Report WORTHINGTON IND (WOR): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report ALARM.COM HLDGS (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. Gross profit improved 17% year over year to $72.9 million. | 8b534be9-2c79-45ff-94df-bb663d73823c |
709986.0 | 2016-12-13 00:00:00 UTC | CECO Environmental Corp. (CECE) Ex-Dividend Date Scheduled for December 14, 2016 | DCI | https://www.nasdaq.com/articles/ceco-environmental-corp-cece-ex-dividend-date-scheduled-december-14-2016-2016-12-13 | nan | nan | CECO Environmental Corp. ( CECE ) will begin trading ex-dividend on December 14, 2016. A cash dividend payment of $0.066 per share is scheduled to be paid on December 30, 2016. Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 8th quarter that CECE has paid the same dividend. At the current stock price of $14.43, the dividend yield is 1.83%.
The previous trading day's last sale of CECE was $14.43, representing a -3.02% decrease from the 52 week high of $14.88 and a 157.68% increase over the 52 week low of $5.60.
CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). CECE's current earnings per share, an indicator of a company's profitability, is $.29. Zacks Investment Research reports CECE's forecasted earnings growth in 2016 as -13.14%, compared to an industry average of 1.9%.
For more information on the declaration, record and payment dates, visit the CECE Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to CECE through an Exchange Traded Fund [ETF]?
The following ETF(s) have CECE as a top-10 holding:
VanEck Vectors Environmental Services ETF ( EVX )
PowerShares WilderHill Progressive Energy Portfolio ( PUW ).
The top-performing ETF of this group is PUW with an increase of 14.96% over the last 100 days. EVX has the highest percent weighting of CECE at 2.39%.
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. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports CECE's forecasted earnings growth in 2016 as -13.14%, compared to an industry average of 1.9%. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). CECE's current earnings per share, an indicator of a company's profitability, is $.29. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). Shareholders who purchased CECE 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 CECE Dividend History page. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). A cash dividend payment of $0.066 per share is scheduled to be paid on December 30, 2016. CECE's current earnings per share, an indicator of a company's profitability, is $.29. | 01737fa7-ead8-4c91-ad97-cda249baf77c |
709987.0 | 2016-12-13 00:00:00 UTC | Will Donaldson (DCI) Stock Rally on Restructuring Efforts? | DCI | https://www.nasdaq.com/articles/will-donaldson-dci-stock-rally-on-restructuring-efforts-2016-12-13 | nan | nan | Bloomington, MN-based filtration firm, Donaldson Company, Inc.DCI has charted an impressive trajectory, with shares gaining 54.1% year to date, surpassing the Zacks-categorized Pollution Control Equipment & Services industry average of 47.2%.
These factors have propelled a bull run for the stock. Further, solid earnings estimate revisions in recent times signal that the stock could still have room to run. The Zacks Consensus Estimate for fiscal 2017 earnings has trended up in the past month, from $1.58 to $1.60, on the back of five upward estimate revisions versus no lower.
Factors Fueling Growth
Donaldson's growth blueprint is devised on three pillars namely - expansion of core and aftermarket business, bolstering geographic footprint and using innovative technology - to secure first-fit program deals. The company enjoys a "win rate" of over 75% in Engine air and liquid market, which has significantly reinforced its core business. Such a sturdy win rate will likely help it in generating at least half a billion dollars in future revenues.
The recently opened distribution facilities in Colombia have significantly expanded the company's industrial and engine filtration business in Latin America. Earlier this year, Donaldson acquired certain assets of Colombia-based replacement filter firm, Industrias Partmo, S.A. This transaction is expected to supplement Engine Products' top line by $12-$13 million in fiscal 2017. Further, it opened a manufacturing facility in Poland, in a bid to fortify its position in the European market. This facility is proving conducive to the growth of the company's liquid business.
Leveraging on its innovative technology, in fiscal 2016, Donaldson won more than 50 new engine liquid programs that will generate hundreds of millions of dollars in revenue over their respective 10-year life. Apart from these, improving operational efficiency through relentless efforts remains one of the main targets of Donaldson. Of late, the company has been undertaking restructuring initiatives to align operating and manufacturing cost structure with the current and projected customer and end market outlooks, to maximize growth opportunities.
The restructuring actions implemented by Donaldson over the last 12 months have boosted profitability. The company forecasts its operating margin in the range of 13.3%-13.9% compared with the adjusted operating margin of 13.2% in fiscal 2016, on the back of the above mentioned initiatives. Going forward, this Zacks Rank #2 (Buy) company expects to realize about $12 million of incremental restructuring benefits during fiscal 2017.
Key Picks
Other favorably placed stocks in the broader sector include II-VI Incorporated IIVI , Applied Industrial Technologies Inc. AIT and The Middleby Corporation MIDD .
While II-VI Incorporated sports a Zacks Rank #1 (Strong Buy), Applied Industrial and Middleby Corporation carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here.
II-VI Incorporated has registered a remarkable positive average surprise of over 39.8% in the four trailing quarters, driven by four strong consecutive beats.
Applied Industrial Technologies has managed to beat estimates twice in the trailing four quarters and has a positive earnings surprise of 4.9%.
Middleby Corporation beat earnings in each of the trailing four quarters, resulting in an average surprise of 15.9%.
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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. | Bloomington, MN-based filtration firm, Donaldson Company, Inc.DCI has charted an impressive trajectory, with shares gaining 54.1% year to date, surpassing the Zacks-categorized Pollution Control Equipment & Services industry average of 47.2%. Click to get this free report II-VI INCORP (IIVI): Free Stock Analysis Report APPLD INDL TECH (AIT): Free Stock Analysis Report MIDDLEBY CORP (MIDD): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Of late, the company has been undertaking restructuring initiatives to align operating and manufacturing cost structure with the current and projected customer and end market outlooks, to maximize growth opportunities. | Click to get this free report II-VI INCORP (IIVI): Free Stock Analysis Report APPLD INDL TECH (AIT): Free Stock Analysis Report MIDDLEBY CORP (MIDD): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Bloomington, MN-based filtration firm, Donaldson Company, Inc.DCI has charted an impressive trajectory, with shares gaining 54.1% year to date, surpassing the Zacks-categorized Pollution Control Equipment & Services industry average of 47.2%. Key Picks Other favorably placed stocks in the broader sector include II-VI Incorporated IIVI , Applied Industrial Technologies Inc. AIT and The Middleby Corporation MIDD . | Click to get this free report II-VI INCORP (IIVI): Free Stock Analysis Report APPLD INDL TECH (AIT): Free Stock Analysis Report MIDDLEBY CORP (MIDD): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Bloomington, MN-based filtration firm, Donaldson Company, Inc.DCI has charted an impressive trajectory, with shares gaining 54.1% year to date, surpassing the Zacks-categorized Pollution Control Equipment & Services industry average of 47.2%. While II-VI Incorporated sports a Zacks Rank #1 (Strong Buy), Applied Industrial and Middleby Corporation carry a Zacks Rank #2. | Bloomington, MN-based filtration firm, Donaldson Company, Inc.DCI has charted an impressive trajectory, with shares gaining 54.1% year to date, surpassing the Zacks-categorized Pollution Control Equipment & Services industry average of 47.2%. Click to get this free report II-VI INCORP (IIVI): Free Stock Analysis Report APPLD INDL TECH (AIT): Free Stock Analysis Report MIDDLEBY CORP (MIDD): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. Leveraging on its innovative technology, in fiscal 2016, Donaldson won more than 50 new engine liquid programs that will generate hundreds of millions of dollars in revenue over their respective 10-year life. | 36fe7185-2bc7-44c4-9556-325fb65abb1f |
709988.0 | 2016-12-12 00:00:00 UTC | Toro's (TTC) Q4 Earnings Beat Estimates, Revenues Lag | DCI | https://www.nasdaq.com/articles/toros-ttc-q4-earnings-beat-estimates-revenues-lag-2016-12-12 | nan | nan | The Toro CompanyTTC reported its fourth-quarter fiscal 2016 (ended Oct 31, 2016) results wherein earnings improved over 29% to 27 cents per share from 21 cents in the year-ago quarter. Further, earnings beat the Zacks Consensus Estimate of 22 cents.
Shares gained 6% following the earnings announcement on Dec 8.
Toro's net sales decreased 2.6% year over year to $468 million in the quarter. The top line missed the Zacks Consensus Estimate of $481 million.
FindTheCompany | Graphiq
Operational Update
Cost of sales in the quarter soared 76% year over year to $296 million. Gross profit came in at $172 million, flat year over year. Gross margin expanded 100 basis points (bps) year over year to 36.8%, aided by favorable commodity costs, productivity improvements and segment mix, partially offset by the impacts of unfavorable currency exchange.
Selling, general and administrative expenses decreased 2% to $128.6 million. Operating profit improved 8% year over year to $43.5 million. Operating margin was at 9.3%, up 90 bps year over year.
Segment Performance
The Professional segment's sales increased 2% year over year to $343 million. The improvement was primarily driven by strong demand for golf products paired with favorable weather conditions experienced in the quarter. Operating profit at the segment was $59.7 million, up 21% from $49.3 million in the year-ago quarter.
Net sales at the Residential segment decreased 19% year over year to $119 million due to decline in sales of residential snow products. Operating profit at the segment plunged 42% year over year to $9.2 million.
TORO CO Price, Consensus and EPS Surprise
TORO CO Price, Consensus and EPS Surprise | TORO CO Quote
Financial Update
At the end of fiscal 2016, Toro had cash and cash equivalents of $273.6 million compared with $126.3 million at the end of fiscal 2015. The company generated $361.9 million in cash from operating activities for the period of fiscal 2016, compared with $237 million in the comparable year-ago period. At the end of the reported quarter, total debt reduced to $331 million from $355 million at the end of the prior-fiscal.
Toro's Board of Directors has hiked its dividend by 16.7% to 17.5 cents per share. This dividend is payable on Jan 12, 2017 to shareholders of record on Dec 27, 2016. During fiscal 2016, the company returned almost $178 million to shareholders through the payment of $65.9 million in dividends and repurchased approximately 2.7 million shares.
Fiscal 2016 Performance
Toro reported earnings of $2.06 in fiscal 2016, up 16% year over year, but fell short of the Zacks Consensus Estimate of $2.25. Revenues edged up 0.1% year over year to $2.39 billion, but fell short of the Zacks Consensus Estimate of $2.5 billion.
Outlook
For fiscal 2017, Toro projects revenue growth of around 3% to 4% and net earnings to be about $2.20 to $2.26 per share. For the first quarter, the company expects net earnings to be about 34 cents to 36 cents per share.
The company remains focused on delivering innovative products. Recent weather patterns and resulting retail activity remain positive. However, unfavorable weather conditions could negatively impact demand throughout the year.
Toro currently carries a Zacks Rank #3 (Hold).
Shares of Toro have outperformed the Zacks categorized Tools-Hand Held industry year to date. In fact, Toro's shares have gained 54.76% year to date, while the industry has just logged in a return of around 17.63% year to date. The company's price performance so far this year is backed by its new product line-up and positive outlook for growth.
Stocks to Consider
Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , Fairmount Santrol Holdings Inc. FMSA and Donaldson Company, Inc. DCI .
Alarm.Com Holdings has an impressive track record of earnings surprises, with an average positive earnings surprise of 9.09% in the last four quarters and carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Fairmount Santrol Holdings, which also carries a Zacks Rank #2 (Buy), has an average positive earnings surprise of 25.00% in the last four quarters.
Donaldson, a Zacks Rank #2, has delivered a positive average earnings surprise of 3.23% in the last four quarters.
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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. | Stocks to Consider Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , Fairmount Santrol Holdings Inc. FMSA and Donaldson Company, Inc. DCI . Click to get this free report DONALDSON CO (DCI): Free Stock Analysis Report TORO CO (TTC): Free Stock Analysis Report FAIRMOUNT SNTRL (FMSA): Free Stock Analysis Report ALARM.COM HLDGS (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. The improvement was primarily driven by strong demand for golf products paired with favorable weather conditions experienced in the quarter. | Click to get this free report DONALDSON CO (DCI): Free Stock Analysis Report TORO CO (TTC): Free Stock Analysis Report FAIRMOUNT SNTRL (FMSA): Free Stock Analysis Report ALARM.COM HLDGS (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , Fairmount Santrol Holdings Inc. FMSA and Donaldson Company, Inc. DCI . TORO CO Price, Consensus and EPS Surprise TORO CO Price, Consensus and EPS Surprise | TORO CO Quote Financial Update At the end of fiscal 2016, Toro had cash and cash equivalents of $273.6 million compared with $126.3 million at the end of fiscal 2015. | Click to get this free report DONALDSON CO (DCI): Free Stock Analysis Report TORO CO (TTC): Free Stock Analysis Report FAIRMOUNT SNTRL (FMSA): Free Stock Analysis Report ALARM.COM HLDGS (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , Fairmount Santrol Holdings Inc. FMSA and Donaldson Company, Inc. DCI . TORO CO Price, Consensus and EPS Surprise TORO CO Price, Consensus and EPS Surprise | TORO CO Quote Financial Update At the end of fiscal 2016, Toro had cash and cash equivalents of $273.6 million compared with $126.3 million at the end of fiscal 2015. | Stocks to Consider Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , Fairmount Santrol Holdings Inc. FMSA and Donaldson Company, Inc. DCI . Click to get this free report DONALDSON CO (DCI): Free Stock Analysis Report TORO CO (TTC): Free Stock Analysis Report FAIRMOUNT SNTRL (FMSA): Free Stock Analysis Report ALARM.COM HLDGS (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. Toro's net sales decreased 2.6% year over year to $468 million in the quarter. | 46f579a9-5b3e-4a48-a31e-da0dd0ae5a77 |
709989.0 | 2016-12-08 00:00:00 UTC | Greif (GEF) Lags Q4 Earnings Estimates, Initiates FY17 View | DCI | https://www.nasdaq.com/articles/greif-gef-lags-q4-earnings-estimates-initiates-fy17-view-2016-12-08 | nan | nan | The provider of industrial packaging products and services, Greif, Inc.GEF reported adjusted earnings of 65 cents per share in fourth-quarter fiscal 2016 (ended Oct 31, 2016), which declined 14% year over year due to changes in income tax expense. Also, earnings fell short of the Zacks Consensus Estimate of 68 cents.
Including one-time items, the company posted earnings of 14 cents per share, a 33% plunge from 21 cents per share recorded in the year-ago quarter.
FindTheCompany | Graphiq
Operational Update
Revenues edged down 0.9% year over year to $868 million from $869 million in the prior-year quarter, however beat the Zacks Consensus Estimate of $846 million. Adjusting for the effect of and currency translation, sales increased 5.3% on a year-over-year basis.
Cost of sales decreased 2% year over year to $684 million. Gross profit grew 9% year over year to $183 million. Gross margin expanded 180 basis points to 21.1% in the quarter. Selling, general and administrative (SG&A) expenses inched up 1% year over year to $96.5 million. Adjusted operating profit increased 21% year over year to $87 million. Adjusted operating margin improved 170 basis points to 10% in the quarter.
Segmental Performance
Rigid Industrial Packaging & Services: This segment reported sales of $603 million, up 0.3% from $601 million in the year-ago quarter. Excluding the effect of divestitures and currency translation, net sales was up 7% due to the impact of strategic volume and pricing decisions. Adjusted operating income surged 44% to $60.3 million from $41.8 million in the year-ago quarter.
Paper Packaging: Sales were up 5% year over year to $189 million, on the back of increases in volumes, offset by reductions in the published containerboard index prices which occurred during 2016. The segment reported an operating profit of $24.7 million, down 24% from the year-ago quarter, hit by higher input costs, primarily old corrugated container costs, as well as reductions in published containerboard index prices.
Flexible Products & Services: Sales from this segment went down 6% year over year to $69 million. Excluding the impact of divestitures, sales decreased 3% mainly due to the negative impact of currency translation. The segment reported adjusted operating profit of $0.1 million versus operating loss of $5.3 million in the prior-year quarter. The improvement was driven by lower fixed costs and the impact of strategic volume and pricing decisions throughout 2016.
Land Management: The segment's sales plummeted 54% year over year to $6.6 million due to the sale of 5,200 acres of development properties in Canada during the prior-year quarter. Adjusted operating income improved 43% year over year to $2 million.
Financial Position
At the end of fiscal 2016, Greif had cash and cash equivalents of $103.7 million compared with $106.2 million as of fiscal 2015 end. The company reported cash from operations of $301 million in fiscal 2016, compared with $206 million in the prior fiscal. Long-term debt was $974.6 million as of fiscal 2016 end, compared with $1,116 million as of fiscal 2015 end.
On Dec 6, 2016, Greif declared a quarterly dividend of 42 cents per share of Class A Common Stock and 62 cents per share of Class B Common Stock. Dividends are payable on Jan 1, 2017, to stockholders of record at the close of business as of Dec 19, 2016.
Fiscal 2016 Performance
For fiscal 2016, Greif reported adjusted earnings of $2.44 per share, up 12% from the prior fiscal. Earnings, however, fell short of the Zacks Consensus Estimate of $2.46. Including one-time items, the company reported earnings of $1.28 per share, up 4% year over year. Revenues dipped 8% year over year to $3.32 billion from $3.62 billion in the year-ago quarter, but came ahead of the Zacks Consensus Estimate of $3.30 billion.
GREIF INC Price, Consensus and EPS Surprise
GREIF INC Price, Consensus and EPS Surprise | GREIF INC Quote
Guidance
Greif projects fiscal 2017 earnings per share to range between $2.78 and $3.08. Compared to the adjusted earnings per share of $2.44 in fiscal 2016, the guidance range depicts year-over-year growth in the range of 14-26%.
Delaware, OH-based Greif makes and sells industrial packaging products, bulk containers, and containerboard and corrugated products worldwide. The company provides services such as blending, filling, packaging and recycling of industrial containers for a wide range of industries. Greif also manages timber properties in North America and offers land management consulting services.
Zacks Rank
Greif currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , MRC Global Inc. MRC and Donaldson Company, Inc. DCI .
Alarm.Com Holdings has an impressive track record of earnings surprises, with an average positive earnings surprise of 9.09% for the last four quarters and carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
MRC Global, which also carries a Zacks Rank #2 (Buy), has an average positive earnings surprise of 20.00% for the last four quarters.
Donaldson also carries a Zacks Rank #2 and has delivered a positive average earnings surprise of 3.23% in the last four quarters.
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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. | Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , MRC Global Inc. MRC and Donaldson Company, Inc. DCI . Click to get this free report GREIF INC (GEF): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report MRC GLOBAL INC (MRC): Free Stock Analysis Report ALARM.COM HLDGS (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. Excluding the effect of divestitures and currency translation, net sales was up 7% due to the impact of strategic volume and pricing decisions. | Click to get this free report GREIF INC (GEF): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report MRC GLOBAL INC (MRC): Free Stock Analysis Report ALARM.COM HLDGS (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , MRC Global Inc. MRC and Donaldson Company, Inc. DCI . The provider of industrial packaging products and services, Greif, Inc.GEF reported adjusted earnings of 65 cents per share in fourth-quarter fiscal 2016 (ended Oct 31, 2016), which declined 14% year over year due to changes in income tax expense. | Click to get this free report GREIF INC (GEF): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report MRC GLOBAL INC (MRC): Free Stock Analysis Report ALARM.COM HLDGS (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , MRC Global Inc. MRC and Donaldson Company, Inc. DCI . The provider of industrial packaging products and services, Greif, Inc.GEF reported adjusted earnings of 65 cents per share in fourth-quarter fiscal 2016 (ended Oct 31, 2016), which declined 14% year over year due to changes in income tax expense. | Some better-ranked stocks in the same sector include Alarm.Com Holdings, Inc. ALRM , MRC Global Inc. MRC and Donaldson Company, Inc. DCI . Click to get this free report GREIF INC (GEF): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report MRC GLOBAL INC (MRC): Free Stock Analysis Report ALARM.COM HLDGS (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. The provider of industrial packaging products and services, Greif, Inc.GEF reported adjusted earnings of 65 cents per share in fourth-quarter fiscal 2016 (ended Oct 31, 2016), which declined 14% year over year due to changes in income tax expense. | 3dbe2f74-6e12-4e13-8dd2-159abcc3bf20 |
709990.0 | 2016-12-01 00:00:00 UTC | Donaldson Company, Inc. Stock up 12%: Here's What You Should Know | DCI | https://www.nasdaq.com/articles/donaldson-company-inc-stock-12-heres-what-you-should-know-2016-12-01 | nan | nan | DCI data by YCharts .
So what
The company reported net earnings of $58 million in the quarter, good for $0.43 per share. That's a 51% increase from the $38.5 million ($0.29 per share) the company reported in last year's first quarter. Adjusted for one-time gains, earnings per share were $0.38 in the quarter, 12% better than last year's $0.34 per share adjusted EPS.
In the earnings release, CEO Tod Carpenter said the quarter's results put the company "on track to achieve the full-year sales and adjusted profit targets that we laid out last quarter."
Donaldson's higher profits came on relatively flat sales, with the quarter's revenue of $553 million only 2.8% higher than one year ago. However, gross profit was up 9% thanks to increased manufacturing efficiencies that helped drive down costs. The company also reduced operating expenses by $4.8 million, or 3.9%, which, combined with the small revenue increase and lower cost of sales, boosted operating income 38% to almost $80 million.
Now what
Even with strong profit growth, management continues to be cautious about the outlook, with guidance for full-year revenue between a 2% decrease and a 2% increase from fiscal 2016 as global economic growth remains weak. Considering about 60% of Donaldson's sales come from outside North America, investors should be aware that there are many factors that could affect the company's ability to grow sales and profits in the near term.
As things stand today, Donaldson is on the expensive side, trading at a forward price to earnings multiple of between 27 and 30, based on the company's own guidance. While the market is clearly happy with this quarter's results, it looks like it's probably ahead of itself, particularly with muted growth prospects in the near term.
Donaldson is a solid company and a leader in its space, but its customers continue to deal with macroeconomic and cyclical weakness. And that limits Donaldson's prospects for now.
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Jason Hall has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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 .
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. | DCI data by YCharts . As things stand today, Donaldson is on the expensive side, trading at a forward price to earnings multiple of between 27 and 30, based on the company's own guidance. Donaldson is a solid company and a leader in its space, but its customers continue to deal with macroeconomic and cyclical weakness. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. DCI data by YCharts . That's a 51% increase from the $38.5 million ($0.29 per share) the company reported in last year's first quarter. | DCI data by YCharts . In the earnings release, CEO Tod Carpenter said the quarter's results put the company "on track to achieve the full-year sales and adjusted profit targets that we laid out last quarter." Donaldson's higher profits came on relatively flat sales, with the quarter's revenue of $553 million only 2.8% higher than one year ago. | DCI data by YCharts . After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market. That's right -- they think these 10 stocks are even better buys. | 00f77b5c-5b98-4cbc-bf93-6f19e01a0527 |
709991.0 | 2016-12-01 00:00:00 UTC | Donaldson Company, Inc. (DCI) Ex-Dividend Date Scheduled for December 02, 2016 | DCI | https://www.nasdaq.com/articles/donaldson-company-inc-dci-ex-dividend-date-scheduled-december-02-2016-2016-12-01 | nan | nan | Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on December 02, 2016. A cash dividend payment of $0.175 per share is scheduled to be paid on December 21, 2016. Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that DCI has paid the same dividend. At the current stock price of $40.56, the dividend yield is 1.73%.
The previous trading day's last sale of DCI was $40.56, representing a -0.98% decrease from the 52 week high of $40.96 and a 60.89% increase over the 52 week low of $25.21.
DCI is a part of the Capital Goods sector, which includes companies such as CECO Environmental Corp. ( CECE ) and MFRI, Inc. ( MFRI ). DCI's current earnings per share, an indicator of a company's profitability, is $1.42. Zacks Investment Research reports DCI's forecasted earnings growth in 2017 as 3.73%, compared to an industry average of 7%.
For more information on the declaration, record and payment dates, visit the DCI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DCI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DCI as a top-10 holding:
PowerShares Cleantech Portfolio ( PZD ).
The top-performing ETF of this group is PZD with an increase of 7.23% over the last 100 days. It also has the highest percent weighting of DCI at 2.9%.
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. | Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports DCI's forecasted earnings growth in 2017 as 3.73%, compared to an industry average of 7%. For more information on the declaration, record and payment dates, visit the DCI Dividend History page. | DCI's current earnings per share, an indicator of a company's profitability, is $1.42. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on December 02, 2016. | Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DCI was $40.56, representing a -0.98% decrease from the 52 week high of $40.96 and a 60.89% increase over the 52 week low of $25.21. For more information on the declaration, record and payment dates, visit the DCI Dividend History page. | DCI's current earnings per share, an indicator of a company's profitability, is $1.42. Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on December 02, 2016. Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. | fb54493a-1771-47fc-bf22-fefdd58112ac |
709992.0 | 2016-11-28 00:00:00 UTC | Can Donaldson (DCI) Pull Off a Surprise in Q1 Earnings? | DCI | https://www.nasdaq.com/articles/can-donaldson-dci-pull-off-a-surprise-in-q1-earnings-2016-11-28 | nan | nan | Donaldson Company, Inc.DCI is set to report first-quarter fiscal 2017 results, before the opening bell on Dec 1.
Last quarter, the company had posted a negative earnings surprise of 8.0%. Donaldson has had a choppy earnings history, having beaten estimates twice for as many misses over the four trailing quarters, with an average negative surprise of 1.7%.
Factors to Consider
Donaldson's fiscal first-quarter results are likely to benefit from consistent first-fit program wins and sturdy aftermarket performance. As a matter of fact, the company's programs in Engine air and liquid market enjoy a win rate of over 75%, with the potential to generate at least half a billion dollars in future revenues. Also, during the fiscal fourth quarter, the company had commenced manufacturing heavy-duty air filters for both on-road and off-road equipment markets, in order to fortify its foothold in Europe.
This facility is expected to be conducive for the company's liquid business, thus supplementing top-line performance for the soon-to-be reported quarter and beyond. In addition, Donaldson's Down Flow Evolution or DFE family of dust collectors, which has been a key profit churner ever since its launch, is anticipated to stoke top-line growth for the fiscal first quarter. Also, increasing replacement on the first-fit program and higher retention rates in the aftermarket business have been fueling growth of the company's industry-defining filtration product, PowerCore.
Impressive market traction of the company's major products looks promising for the fiscal first-quarter results. This apart, Donaldson's quarterly results are likely to reap the incremental restructuring benefits of the streamlining initiatives implemented earlier. Globally, Donaldson has identified opportunities to trim about $8 million of expenses out of their respective businesses from these restructuring actions. In this regard, the ERP implementation scheme executed earlier is expected to improve inventory management, pricing & processes and benefit expense run rate, by a few million dollars.
Despite these positives, Donaldson has been grappling with a host of macroeconomic issues for the past few quarters. These have been affecting its financial performance. Persistent weakness in the global agriculture, mining equipment and construction markets are estimated to hamper both Engine Products and Industrial Products sales. Project deferrals and volatility in global demand are likely to weigh down on Gas Turbines' sales. Moreover, weakness in membrane and semiconductor businesses is adding to the company's concern.
Especially, precipitous decline in the disk drive business has accelerated over the past few quarters, adding to the woes of the Industrial Products segment. In addition, currency fluctuations had caused sales to decline by $5.1 million during fourth-quarter fiscal 2016 and are estimated to play a spoilsport for the quarter to be reported as well. This apart, strong competition and fluctuations in commodity process add to Donaldson's woes for this quarter.
Earnings Whispers
Our proven model does not conclusively show that Donaldson will beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: Earnings ESP for the company is currently 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 35 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Donaldson's Zacks Rank #3, when combined with 0.00% ESP, makes surprise prediction difficult.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
DONALDSON CO Price and EPS Surprise
DONALDSON CO Price and EPS Surprise | DONALDSON CO Quote
Stocks That Warrant a Look
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
CECO Environmental Corp. CECE , with an Earnings ESP of +5.26% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
MRC Global Inc. MRC , with an Earnings ESP of +10.00% and a Zacks Rank #2.
Middleby Corp. MIDD , with an Earnings ESP of +1.60% and a Zacks Rank #2.
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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. | Donaldson Company, Inc.DCI is set to report first-quarter fiscal 2017 results, before the opening bell on Dec 1. Click to get this free report MIDDLEBY CORP (MIDD): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report MRC GLOBAL INC (MRC): Free Stock Analysis Report To read this article on Zacks.com click here. As a matter of fact, the company's programs in Engine air and liquid market enjoy a win rate of over 75%, with the potential to generate at least half a billion dollars in future revenues. | Click to get this free report MIDDLEBY CORP (MIDD): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report MRC GLOBAL INC (MRC): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.DCI is set to report first-quarter fiscal 2017 results, before the opening bell on Dec 1. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. | Click to get this free report MIDDLEBY CORP (MIDD): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report MRC GLOBAL INC (MRC): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.DCI is set to report first-quarter fiscal 2017 results, before the opening bell on Dec 1. Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions. | Donaldson Company, Inc.DCI is set to report first-quarter fiscal 2017 results, before the opening bell on Dec 1. Click to get this free report MIDDLEBY CORP (MIDD): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report MRC GLOBAL INC (MRC): Free Stock Analysis Report To read this article on Zacks.com click here. Factors to Consider Donaldson's fiscal first-quarter results are likely to benefit from consistent first-fit program wins and sturdy aftermarket performance. | ba6ad080-1493-4bce-b59a-a1e1b454426b |
709993.0 | 2016-11-21 00:00:00 UTC | Daily Dividend Report: LRCX, ALL, UGI, IGT, DCI, ORI | DCI | https://www.nasdaq.com/articles/daily-dividend-report-lrcx-all-ugi-igt-dci-ori-2016-11-21 | nan | nan | Lam Research ( LRCX ) has approved a $1 billion share repurchase authorization, with execution planned over the next 12 to 18 months; and a 50% increase of the company's quarterly dividend. On an annualized basis, the quarterly dividend of $0.45 per share of common stock will return approximately $291 million to stockholders based on shares outstanding as of September 25, 2016. The increased dividend payment has been declared and will be made on January 4, 2017 to holders of record on December 14, 2016.
The Allstate Corporation declared a quarterly dividend of 33 cents on each outstanding share of the corporation's common stock, payable in cash on January 3, 2017, to stockholders of record at the close of business on November 30, 2016.
UGI Corporation ( UGI ) has declared a quarterly dividend of $0.2375 per share on the company's common stock. The dividend is payable January 1, 2017 to shareholders of record as of December 15, 2016.
International Game Technology ( IGT ) has declared a quarterly cash dividend of $0.20 per ordinary share. The dividend is payable on December 19, 2016 to all shareholders of record as of the close of business on December 5, 2016.
Donaldson Company ( DCI ) declared a regular cash dividend of 17.5 cents per share, payable December 21, 2016, to shareholders of record as of December 6, 2016.
Old Republic International Corporation ( ORI ) declared a quarterly cash dividend on the common stock of 18.75 cents per share. This dividend is payable December 15, 2016, to shareholders of record on December 5, 2016.
VIDEO: Daily Dividend Report: LRCX, ALL, UGI, IGT, DCI, ORI
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. | Donaldson Company ( DCI ) declared a regular cash dividend of 17.5 cents per share, payable December 21, 2016, to shareholders of record as of December 6, 2016. VIDEO: Daily Dividend Report: LRCX, ALL, UGI, IGT, DCI, ORI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Lam Research ( LRCX ) has approved a $1 billion share repurchase authorization, with execution planned over the next 12 to 18 months; and a 50% increase of the company's quarterly dividend. | VIDEO: Daily Dividend Report: LRCX, ALL, UGI, IGT, DCI, ORI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Donaldson Company ( DCI ) declared a regular cash dividend of 17.5 cents per share, payable December 21, 2016, to shareholders of record as of December 6, 2016. The Allstate Corporation declared a quarterly dividend of 33 cents on each outstanding share of the corporation's common stock, payable in cash on January 3, 2017, to stockholders of record at the close of business on November 30, 2016. | Donaldson Company ( DCI ) declared a regular cash dividend of 17.5 cents per share, payable December 21, 2016, to shareholders of record as of December 6, 2016. VIDEO: Daily Dividend Report: LRCX, ALL, UGI, IGT, DCI, ORI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Allstate Corporation declared a quarterly dividend of 33 cents on each outstanding share of the corporation's common stock, payable in cash on January 3, 2017, to stockholders of record at the close of business on November 30, 2016. | Donaldson Company ( DCI ) declared a regular cash dividend of 17.5 cents per share, payable December 21, 2016, to shareholders of record as of December 6, 2016. VIDEO: Daily Dividend Report: LRCX, ALL, UGI, IGT, DCI, ORI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Allstate Corporation declared a quarterly dividend of 33 cents on each outstanding share of the corporation's common stock, payable in cash on January 3, 2017, to stockholders of record at the close of business on November 30, 2016. | 5940ac12-5131-4dbe-8b1e-1282b53501ad |
709994.0 | 2016-09-13 00:00:00 UTC | CECO Environmental Corp. (CECE) Ex-Dividend Date Scheduled for September 14, 2016 | DCI | https://www.nasdaq.com/articles/ceco-environmental-corp-cece-ex-dividend-date-scheduled-september-14-2016-2016-09-13 | nan | nan | CECO Environmental Corp. ( CECE ) will begin trading ex-dividend on September 14, 2016. A cash dividend payment of $0.066 per share is scheduled to be paid on September 30, 2016. Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 7th quarter that CECE has paid the same dividend. At the current stock price of $10.85, the dividend yield is 2.43%.
The previous trading day's last sale of CECE was $10.85, representing a -7.66% decrease from the 52 week high of $11.75 and a 93.75% increase over the 52 week low of $5.60.
CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). CECE's current earnings per share, an indicator of a company's profitability, is -$.05. Zacks Investment Research reports CECE's forecasted earnings growth in 2016 as -18.81%, compared to an industry average of 11%.
For more information on the declaration, record and payment dates, visit the CECE Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to CECE through an Exchange Traded Fund [ETF]?
The following ETF(s) have CECE as a top-10 holding:
VanEck Vectors Environmental Services ETF ( EVX ).
The top-performing ETF of this group is EVX with an increase of 10.84% over the last 100 days. It also has the highest percent weighting of CECE at 2.46%.
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. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). Shareholders who purchased CECE prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports CECE's forecasted earnings growth in 2016 as -18.81%, compared to an industry average of 11%. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). CECE's current earnings per share, an indicator of a company's profitability, is -$.05. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). Shareholders who purchased CECE 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 CECE Dividend History page. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and MFRI, Inc. ( MFRI ). A cash dividend payment of $0.066 per share is scheduled to be paid on September 30, 2016. CECE's current earnings per share, an indicator of a company's profitability, is -$.05. | 744c7924-2201-442d-a3f7-9af63cbcba20 |
709995.0 | 2016-09-09 00:00:00 UTC | Company News for September 09, 2016 | DCI | https://www.nasdaq.com/articles/company-news-for-september-09-2016-2016-09-09 | nan | nan | • Shares of Hewlett Packard Enterprise Company ( HPE ) fell 3.2%, after reporting fiscal third quarter revenues of $12.2 billion, missing the Zacks Consensus Estimate of $12.588 billion
• Liberty Media Group's ( LMCA ) shares increased 1.1% on news that the company will acquire Formula One Racing for $4.4 billion
• Shares of Tractor Supply Company ( TSCO ) slumped 16.9% after forecasting full-year net sales in the range of $6.70−$6.75 billion, compared with $6.8−$6.9 billion estimated earlier
• Donaldson Company, Inc's ( DCI ) shares decreased 1.9% after posting fiscal fourth quarter earnings per share of $0.46, lower than the Zacks Consensus Estimate of $0.50
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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. | • Shares of Hewlett Packard Enterprise Company ( HPE ) fell 3.2%, after reporting fiscal third quarter revenues of $12.2 billion, missing the Zacks Consensus Estimate of $12.588 billion • Liberty Media Group's ( LMCA ) shares increased 1.1% on news that the company will acquire Formula One Racing for $4.4 billion • Shares of Tractor Supply Company ( TSCO ) slumped 16.9% after forecasting full-year net sales in the range of $6.70−$6.75 billion, compared with $6.8−$6.9 billion estimated earlier • Donaldson Company, Inc's ( DCI ) shares decreased 1.9% after posting fiscal fourth quarter earnings per share of $0.46, lower than the Zacks Consensus Estimate of $0.50 Want the latest recommendations from Zacks Investment Research? Click to get this free report HEWLETT PKD ENT (HPE): Free Stock Analysis Report LIBERTY MEDIA-A (LMCA): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report DONALDSON CO (DCI): 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. | • Shares of Hewlett Packard Enterprise Company ( HPE ) fell 3.2%, after reporting fiscal third quarter revenues of $12.2 billion, missing the Zacks Consensus Estimate of $12.588 billion • Liberty Media Group's ( LMCA ) shares increased 1.1% on news that the company will acquire Formula One Racing for $4.4 billion • Shares of Tractor Supply Company ( TSCO ) slumped 16.9% after forecasting full-year net sales in the range of $6.70−$6.75 billion, compared with $6.8−$6.9 billion estimated earlier • Donaldson Company, Inc's ( DCI ) shares decreased 1.9% after posting fiscal fourth quarter earnings per share of $0.46, lower than the Zacks Consensus Estimate of $0.50 Want the latest recommendations from Zacks Investment Research? Click to get this free report HEWLETT PKD ENT (HPE): Free Stock Analysis Report LIBERTY MEDIA-A (LMCA): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report DONALDSON CO (DCI): 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. | • Shares of Hewlett Packard Enterprise Company ( HPE ) fell 3.2%, after reporting fiscal third quarter revenues of $12.2 billion, missing the Zacks Consensus Estimate of $12.588 billion • Liberty Media Group's ( LMCA ) shares increased 1.1% on news that the company will acquire Formula One Racing for $4.4 billion • Shares of Tractor Supply Company ( TSCO ) slumped 16.9% after forecasting full-year net sales in the range of $6.70−$6.75 billion, compared with $6.8−$6.9 billion estimated earlier • Donaldson Company, Inc's ( DCI ) shares decreased 1.9% after posting fiscal fourth quarter earnings per share of $0.46, lower than the Zacks Consensus Estimate of $0.50 Want the latest recommendations from Zacks Investment Research? Click to get this free report HEWLETT PKD ENT (HPE): Free Stock Analysis Report LIBERTY MEDIA-A (LMCA): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report DONALDSON CO (DCI): 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. | • Shares of Hewlett Packard Enterprise Company ( HPE ) fell 3.2%, after reporting fiscal third quarter revenues of $12.2 billion, missing the Zacks Consensus Estimate of $12.588 billion • Liberty Media Group's ( LMCA ) shares increased 1.1% on news that the company will acquire Formula One Racing for $4.4 billion • Shares of Tractor Supply Company ( TSCO ) slumped 16.9% after forecasting full-year net sales in the range of $6.70−$6.75 billion, compared with $6.8−$6.9 billion estimated earlier • Donaldson Company, Inc's ( DCI ) shares decreased 1.9% after posting fiscal fourth quarter earnings per share of $0.46, lower than the Zacks Consensus Estimate of $0.50 Want the latest recommendations from Zacks Investment Research? Click to get this free report HEWLETT PKD ENT (HPE): Free Stock Analysis Report LIBERTY MEDIA-A (LMCA): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report DONALDSON CO (DCI): 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. | 67b1e13f-5eff-4985-a7df-ed92208fdf2b |
709996.0 | 2016-09-09 00:00:00 UTC | Donaldson's (DCI) Q4 Earnings Hit by Macroeconomic Woes | DCI | https://www.nasdaq.com/articles/donaldsons-dci-q4-earnings-hit-by-macroeconomic-woes-2016-09-09 | nan | nan | Premium filtration products provider Donaldson Company, Inc.DCI reported adjusted earnings per share of 46 cents for fourth-quarter fiscal 2016, which missed the Zacks Consensus Estimate of 50 cents. However, the bottom line was up 2.2% from the prior-year quarter of 45 cents.
For the full-year 2016, the company's adjusted earnings per share fell 3.8% to $1.52 on a year-over-year basis. The bottom-line decline can be largely attributed to steep currency fluctuations and weak top-line performance.
Inside the Headlines
Donaldson reported total sales of $593.8 million, down 2.8% on a year-over-year basis. Also, revenues missed the Zacks Consensus Estimate of $595 million by a whisker. Poor performance in both of the company's segments affected the top line. Moreover, currency fluctuations resulted in a $5.1 million decline in the fiscal fourth-quarter sales.
For fiscal 2016, Donaldson reported revenues of $2,220.3 million, down 6.4% from the prior-year tally. Currency fluctuations proved to be a major spoilsport, reducing sales by $74.2 million. This apart, sluggish global agriculture, mining equipment and construction markets as well as project deferrals and volatile global demand proved to be major headwinds, hurting full-year top-line performance adversely. Moreover, pronounced decline of disk drive, membrane and semiconductor businesses also added to the company's woes.
Revenues at the Engine Products segment declined 5% year over year to $366.5 million.
Three of the four sub-segments under Engine Products - Off-Road, On Road and Aerospace & Defense - recorded declines, which led to the overall weak performance. On-road business (down 12.3%) suffered on account of softness in North America due to poor build rates of heavy duty trucks. Also, weakness in global agricultural and mining markets proved to be a drag on the Off-Road business (down 2.6%).
Revenues at the Industrial Product segment were down 6.2% year over year to $227.3 million.
Unimpressive performance of the Gas Turbines Systems (down 21.1%) and Industrial Filtration Solutions (down 2.5%) business proved to be a drag for this segment. Prolonged weakness in disk drives posed a significant headwind to this segment.
Donaldson's adjusted operating margin expanded 180 basis points (bps) year over year to 15.8%. Also, the company's Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") came in at $106.4 million as against $101.0 million recorded a year ago.
Liquidity
Donaldson exited the quarter with cash and equivalents of $243.2 million as against $189.9 million as on Jul 31, 2015. The company had long-term debt of $351.8 million as on Jul 31, 2016, compared with $389.2 million as on Jul 31, 2015.
2017 Guidance
Concurrent with the earnings release, the company provided its guidance for fiscal 2017. Donaldson expects fiscal 2017 adjusted earnings in the range of $1.50-$1.66 per share compared with fiscal 2016 adjusted earnings of $1.52. Based on the current market scenario, the company expects full-year sales in between a 2% decline and a 2% increase from 2016.
In terms of segments, Donaldson expects both Engine Products and Industrial Products sales to be a range of a 2% decline to a 2% increase compared with the prior year.
While robust aftermarket sales are expected to act as tailwind, poor sales of heavy-duty equipment (including off-road and on-road products) and commercial helicopters are anticipated to act as headwinds for Engine Products, increased sales of replacement parts are likely to act as growth catalyst. However, the upside can be largely offset by sluggish Gas Turbine Systems and Special Applications businesses sales.
Conclusion
Donaldson's financials are taking a hit from the intensifying macroeconomic woes. On the positive side, factors including focus on operational efficiency (like implementation of the global ERP system), robust replacement part sales, winning new first-fit programs and steady market expansion are expected to drive growth. However, these positives are estimated to be more than offset by the overall weakness in market conditions in fiscal 2017.
DONALDSON CO Price, Consensus and EPS Surprise
DONALDSON CO Price, Consensus and EPS Surprise | DONALDSON CO Quote
Factors such as decline in heavy-duty on-road transportation business, sluggish global agriculture, mining equipment and construction markets are anticipated to play spoilsport. Moreover, waning U.S. defense spending, softness in the commercial aerospace and major project deferrals are expected to worsen the company's prospects. Decline in disk drive, membrane and semiconductor businesses are also likely to adversely affect the company's top-line performance.
Donaldson currently carries a Zacks Rank #2 (Buy). Other favorably placed stocks in the broader sector include H2O Innovation Inc. HEOFF , Heritage-Crystal Clean, Inc HCCI and Landauer Inc. LDR . While H2O Innovation and Heritage-Crystal Clean carry a Zacks Rank #2 (Buy), Landauer sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
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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. | Premium filtration products provider Donaldson Company, Inc.DCI reported adjusted earnings per share of 46 cents for fourth-quarter fiscal 2016, which missed the Zacks Consensus Estimate of 50 cents. Click to get this free report DONALDSON CO (DCI): Free Stock Analysis Report HERITAGE-CRYSTL (HCCI): Free Stock Analysis Report LANDAUER INC (LDR): Free Stock Analysis Report H2O INNOVATION (HEOFF): Free Stock Analysis Report To read this article on Zacks.com click here. On-road business (down 12.3%) suffered on account of softness in North America due to poor build rates of heavy duty trucks. | Click to get this free report DONALDSON CO (DCI): Free Stock Analysis Report HERITAGE-CRYSTL (HCCI): Free Stock Analysis Report LANDAUER INC (LDR): Free Stock Analysis Report H2O INNOVATION (HEOFF): Free Stock Analysis Report To read this article on Zacks.com click here. Premium filtration products provider Donaldson Company, Inc.DCI reported adjusted earnings per share of 46 cents for fourth-quarter fiscal 2016, which missed the Zacks Consensus Estimate of 50 cents. While robust aftermarket sales are expected to act as tailwind, poor sales of heavy-duty equipment (including off-road and on-road products) and commercial helicopters are anticipated to act as headwinds for Engine Products, increased sales of replacement parts are likely to act as growth catalyst. | Premium filtration products provider Donaldson Company, Inc.DCI reported adjusted earnings per share of 46 cents for fourth-quarter fiscal 2016, which missed the Zacks Consensus Estimate of 50 cents. Click to get this free report DONALDSON CO (DCI): Free Stock Analysis Report HERITAGE-CRYSTL (HCCI): Free Stock Analysis Report LANDAUER INC (LDR): Free Stock Analysis Report H2O INNOVATION (HEOFF): Free Stock Analysis Report To read this article on Zacks.com click here. DONALDSON CO Price, Consensus and EPS Surprise DONALDSON CO Price, Consensus and EPS Surprise | DONALDSON CO Quote Factors such as decline in heavy-duty on-road transportation business, sluggish global agriculture, mining equipment and construction markets are anticipated to play spoilsport. | Premium filtration products provider Donaldson Company, Inc.DCI reported adjusted earnings per share of 46 cents for fourth-quarter fiscal 2016, which missed the Zacks Consensus Estimate of 50 cents. Click to get this free report DONALDSON CO (DCI): Free Stock Analysis Report HERITAGE-CRYSTL (HCCI): Free Stock Analysis Report LANDAUER INC (LDR): Free Stock Analysis Report H2O INNOVATION (HEOFF): Free Stock Analysis Report To read this article on Zacks.com click here. For fiscal 2016, Donaldson reported revenues of $2,220.3 million, down 6.4% from the prior-year tally. | 706ee751-9033-4218-9f9b-c8c9a3646b47 |
709997.0 | 2016-09-07 00:00:00 UTC | Pre-Market Earnings Report for September 8, 2016 : DCI, SAIC, DSGX, NAV, BKS, SNOW, CONN, SMMT, SKIS | DCI | https://www.nasdaq.com/articles/pre-market-earnings-report-september-8-2016-dci-saic-dsgx-nav-bks-snow-conn-smmt-skis-2016 | nan | nan | The following companies are expected to report earnings prior to market open on 09/08/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2016. The pollution control company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.50. This value represents a 11.11% increase compared to the same quarter last year. DCI missed the consensus earnings per share in the 1st calendar quarter of 2016 by -12.12%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for DCI is 24.10 vs. an industry ratio of 51.80.
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION ( SAIC ) is reporting for the quarter ending July 31, 2016. The information technology services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.79. This value represents a 19.70% increase compared to the same quarter last year. In the past year SAIC has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for SAIC is 20.26 vs. an industry ratio of 23.10.
The Descartes Systems Group Inc. ( DSGX ) is reporting for the quarter ending July 31, 2016. The computer software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.09. This value represents a 28.57% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DSGX is 59.25 vs. an industry ratio of 75.70.
Navistar International Corporation ( NAV ) is reporting for the quarter ending July 31, 2016. The auto (truck) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.12. This value represents a 163.16% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for NAV is 494.75 vs. an industry ratio of 20.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Barnes & Noble, Inc. ( BKS ) is reporting for the quarter ending July 31, 2016. The retail company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.09. This value represents a 86.76% increase compared to the same quarter last year. BKS missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -666.67%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for BKS is 18.91 vs. an industry ratio of 22.20.
Intrawest Resorts Holdings, Inc. ( SNOW ) is reporting for the quarter ending June 30, 2016. The hotel company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-1.39. This value represents a 17.80% decrease compared to the same quarter last year. In the past year SNOW has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 20%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for SNOW is 11.30 vs. an industry ratio of 19.40.
Conn's, Inc. ( CONN ) is reporting for the quarter ending July 31, 2016. The retail company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.06. This value represents a 112.77% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 13 days. Zacks Investment Research reports that the 2017 Price to Earnings ratio for CONN is -35.13 vs. an industry ratio of 0.10.
Summit Therapeutics plc ( SMMT ) is reporting for the quarter ending July 31, 2016. The drug company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.69. This value represents a 25.45% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2017 Price to Earnings ratio for SMMT is -2.46 vs. an industry ratio of -1.10.
Peak Resorts, Inc. ( SKIS ) is reporting for the quarter ending July 31, 2016. The hotel company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.59. This value represents a 15.69% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2017 Price to Earnings ratio for SKIS is 25.72 vs. an industry ratio of 19.40, implying that they will have a higher earnings growth than their competitors in the same industry.
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. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2016. DCI missed the consensus earnings per share in the 1st calendar quarter of 2016 by -12.12%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for DCI is 24.10 vs. an industry ratio of 51.80. | Zacks Investment Research reports that the 2016 Price to Earnings ratio for DCI is 24.10 vs. an industry ratio of 51.80. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2016. DCI missed the consensus earnings per share in the 1st calendar quarter of 2016 by -12.12%. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2016. DCI missed the consensus earnings per share in the 1st calendar quarter of 2016 by -12.12%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for DCI is 24.10 vs. an industry ratio of 51.80. | DCI missed the consensus earnings per share in the 1st calendar quarter of 2016 by -12.12%. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for DCI is 24.10 vs. an industry ratio of 51.80. | 131f4f7f-33c1-4756-b2a9-8db29670d5f2 |
709998.0 | 2016-09-06 00:00:00 UTC | Donaldson (DCI) Q4 Earnings: What's in Store for the Stock? | DCI | https://www.nasdaq.com/articles/donaldson-dci-q4-earnings%3A-whats-in-store-for-the-stock-2016-09-06 | nan | nan | Donaldson Company, Inc.DCI is set to report fourth-quarter and full-year fiscal 2016 results, before the opening bell on Sep 8.
Last quarter, the company posted a positive earnings surprise of 10.3%. Donaldson managed to beat earnings estimates thrice in the trailing four quarters with an average positive surprise of 2.1%.
Factors to Consider
Factors including modest "first-fit program" wins and consistent geographic expansion are expected to act as key growth drivers for Donaldson's fiscal fourth-quarter results. Concerted efforts undertaken by the company to fortify its hold in Latin America and China are paying off. These are believed to boost top-line performance in the quarter to be reported.
Moreover, Donaldson's constant deployment of state-of-the-art technologies to secure first-fit programs has been an integral part of its growth strategy. In this regard, we believe that the Down Flow Evolution family of dust collectors, launched a little more than a year ago in the U.S., will act as a prominent top-line growth driver. This product forayed into the Asian markets earlier this year, reporting double-digit sales during fiscal third quarter.
In addition, stellar market traction of PowerCore filtration offerings and liquid platform products are estimated to drive revenues. Notably, robust sales of Synteq XP filters, from the liquid platform family, in emerging countries such as China, India and Brazil as well as developed markets have boosted the company's sales over the past few quarters.
Also, Donaldson's diligent restructuring activities, which significantly enhanced operational efficiency, are expected to be conducive to bottom-line performance for the quarter to be reported. Donaldson benefited significantly from restructuring actions that were implemented over the last 12 months. Restructuring benefits and other cost controls enabled the company to increase sales sequentially by 10% for fiscal third quarter. We also believe that the recently completed ERP implementation program and other cost-cutting initiatives will improve key financials for the quarter under review and beyond.
Despite these positives, recent macroeconomic sluggishness is expected to dampen growth significantly for the fiscal fourth quarter. Factors like a decline in heavy-duty on-road transportation business as well as sluggishness in the global agriculture, mining equipment and construction markets are anticipated to play spoilsport for Engine Products sales. Moreover, waning U.S. defense spending and softness in the commercial aerospace add to Donaldson's concerns.
Additionally, Industrial Products are likely to take a beating from project deferrals and volatility in global demand. Decline in disk drive, membrane and semiconductor businesses are adding to Donaldson's woes. Also, slowdown in helicopter business is expected to adversely affect commercial aerospace products sales. This, in turn, is likely to limit top-line growth in the quarter to be reported.
DONALDSON CO Price and EPS Surprise
DONALDSON CO Price and EPS Surprise | DONALDSON CO Quote
This apart, currency fluctuations may hurt for the fiscal fourth-quarter results. During the fiscal third quarter, foreign currency headwinds caused sales to decline by $5.5 million. Concurrent with the fiscal third-quarter results, the company predicted sales to go down by $80 million in the full year. A significant part of this is likely to be weighted toward the fiscal fourth quarter, thereby thwarting growth.
Earnings Whispers
Our proven model does not conclusively show that Donaldson will beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: Earnings ESP for the company is currently 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 50 cents.
Zacks Rank: Donaldson's Zacks Rank #3, when combined with 0.00% ESP, makes surprise prediction difficult.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revision.
Stocks That Warrant a Look
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Francesca's Holdings Corporation FRAN , expected to report earnings on Sep 7, has an Earnings ESP of +11.11% and a Zacks Rank #2.
Finish Line Inc. FINL , expected to report earnings on Sep 23, has an Earnings ESP of +1.89% and a Zacks Rank #2.
Costco Wholesale Corporation COST , expected to report earnings on Sep 29, has an Earnings ESP of +1.16% and a Zacks Rank #2.
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FRANCESCAS HLDG (FRAN): Free Stock Analysis Report
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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. | Donaldson Company, Inc.DCI is set to report fourth-quarter and full-year fiscal 2016 results, before the opening bell on Sep 8. Click to get this free report DONALDSON CO (DCI): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. In this regard, we believe that the Down Flow Evolution family of dust collectors, launched a little more than a year ago in the U.S., will act as a prominent top-line growth driver. | Click to get this free report DONALDSON CO (DCI): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.DCI is set to report fourth-quarter and full-year fiscal 2016 results, before the opening bell on Sep 8. Factors to Consider Factors including modest "first-fit program" wins and consistent geographic expansion are expected to act as key growth drivers for Donaldson's fiscal fourth-quarter results. | Click to get this free report DONALDSON CO (DCI): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.DCI is set to report fourth-quarter and full-year fiscal 2016 results, before the opening bell on Sep 8. Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter: Francesca's Holdings Corporation FRAN , expected to report earnings on Sep 7, has an Earnings ESP of +11.11% and a Zacks Rank #2. | Donaldson Company, Inc.DCI is set to report fourth-quarter and full-year fiscal 2016 results, before the opening bell on Sep 8. Click to get this free report DONALDSON CO (DCI): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. This product forayed into the Asian markets earlier this year, reporting double-digit sales during fiscal third quarter. | 317bfb59-f541-4dda-921f-89e514cb0f80 |
709999.0 | 2016-08-10 00:00:00 UTC | Donaldson Company, Inc. (DCI) Ex-Dividend Date Scheduled for August 11, 2016 | DCI | https://www.nasdaq.com/articles/donaldson-company-inc-dci-ex-dividend-date-scheduled-august-11-2016-2016-08-10 | nan | nan | Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on August 11, 2016. A cash dividend payment of $0.175 per share is scheduled to be paid on August 31, 2016. Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 2.94% increase over prior dividend payment. At the current stock price of $36.76, the dividend yield is 1.9%.
The previous trading day's last sale of DCI was $36.76, representing a -0.86% decrease from the 52 week high of $37.08 and a 45.82% increase over the 52 week low of $25.21.
DCI is a part of the Capital Goods sector, which includes companies such as CECO Environmental Corp. ( CECE ) and MFRI, Inc. ( MFRI ). DCI's current earnings per share, an indicator of a company's profitability, is $1.39. Zacks Investment Research reports DCI's forecasted earnings growth in 2016 as -1.97%, compared to an industry average of 9.5%.
For more information on the declaration, record and payment dates, visit the DCI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DCI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DCI as a top-10 holding:
VanEck Vectors Environmental Services ETF ( EVX ).
The top-performing ETF of this group is EVX with an increase of 12.3% over the last 100 days. It also has the highest percent weighting of DCI at 4.16%.
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. | Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports DCI's forecasted earnings growth in 2016 as -1.97%, compared to an industry average of 9.5%. For more information on the declaration, record and payment dates, visit the DCI 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. Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on August 11, 2016. Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. | Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DCI was $36.76, representing a -0.86% decrease from the 52 week high of $37.08 and a 45.82% increase over the 52 week low of $25.21. For more information on the declaration, record and payment dates, visit the DCI Dividend History page. | Shareholders who purchased DCI prior to the ex-dividend date are eligible for the cash dividend payment. DCI's current earnings per share, an indicator of a company's profitability, is $1.39. Donaldson Company, Inc. ( DCI ) will begin trading ex-dividend on August 11, 2016. | 4489a3ae-70f9-4c3e-8b8e-561578087e48 |
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