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710200.0 | 2017-06-22 00:00:00 UTC | Raytheon (RTN) Wins $20M Air Force Deal to Build MTS Sensors | DCO | https://www.nasdaq.com/articles/raytheon-rtn-wins-%2420m-air-force-deal-to-build-mts-sensors-2017-06-22 | nan | nan | Defense behemoth, Raytheon CompanyRTN , has secured a contract for production of Multi-Spectral Targeting System (MTS)-B AN/DAS-1A. Work related to this deal will be carried out in McKinney, TX.
Valued at $26.6 million, this contract was awarded by the Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, OH. Per the terms, Raytheon will provide the MTS turrets. The contract includes foreign military sales (FMS) and is scheduled to be completed by Nov 1, 2019.
A Brief Note on MTS
Raytheon's MTS family of sensor solutions provides superior detecting, ranging and tracking for military forces worldwide. It provides electro-optical/ infrared (EO/IR), laser designation, and laser illumination capabilities integrated in a single-sensor package.
The sensors are combat proven, with nearly four million operational flight hours. These sensors supply detailed intelligence data from the visual and infrared spectrum in support of the U.S. military, civilian and allied missions worldwide. MTS-B AN/DAS-1A is one variant of this family of sensors. AN/DAS-4 is the latest model that incorporates greater fire control and Target Location Accuracy technology for precise coordinates.
To date, Raytheon has delivered more than 3,000 MTS sensors to the U.S. and international armed forces. Moreover, it has successfully integrated 44 variants of the system on more than 20 rotary-wing, Unmanned Aerial System, and fixed-wing platforms. These include the MH-60 Blackhawk, the C-130 Hercules, the MQ-9C Reaper, the MQ-1 Predator, and the MQ-1C Gray Eagle.
What's Favoring Raytheon?
Increasing cyber-attacks, terrorism threats and enhanced geopolitical instability are pushing focus toward electronic warfare, C4ISR (Command, Control, Communication, Computers, Intelligence, Surveillance and Reconnaissance) and cyber security. In this context, the Trump administration's fiscal 2017 appropriation budget request includes funding worth $7.2 billion for operations and maintenance. Its purpose is to address urgent readiness shortfalls across the joint force, including improvements in cyber intelligence capabilities. Also, Trump's proposed fiscal 2018 budget allocates $1.5 billion for Homeland Security to tackle cyber attacks, including protecting critical infrastructure.
Naturally, the time is ripe for defense contractors like Raytheon, which deal in cyber-security products, to expand by making the most of the current situation. Being one of the best-positioned large-cap defense players due to its non-platform-centric focus, the company has been heavily investing in technological upgrades. Raytheon aims to offer the best-in-class security solutions to the U.S. Department of Defense.
Rising political conflicts and regional tensions have been driving FMS demand for the U.S. defense contractors. For Raytheon, FMS has been a proven and vital growth driver. Evidently, its international sales rose 7.5%, representing 32% of total sales. In this line, last week, Raytheon's Missile Systems unit won a Navy contract, which covered FMS, to procure full-rate production requirements and spares for fiscal 2017 Standard Missile-2 (SM-2) (read more: Raytheon Secures $618M FMS Contract from Navy for SM-2 ).
We believe that the recent contract for MTS, along with the aforementioned development, reflects how Raytheon's efforts to expand its cyber-security business are met by contracts awarded to it, indicating more growth for the company.
Price Movement
Raytheon's stock rallied about 21.5% in the last one year, outperforming the Zacks categorized Aerospace/Defense Equipment industry's gain of 19.0%. This could be because of rising demand for its defense equipments from the Middle East and North Africa region (MENA), and growth in FMS contracts. Additionally, the company poses strong competition to its peers, including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD .
Zacks Rank
Raytheon currently holds a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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. | Additionally, the company poses strong competition to its peers, including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Increasing cyber-attacks, terrorism threats and enhanced geopolitical instability are pushing focus toward electronic warfare, C4ISR (Command, Control, Communication, Computers, Intelligence, Surveillance and Reconnaissance) and cyber security. | Additionally, the company poses strong competition to its peers, including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): 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 Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, the company poses strong competition to its peers, including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD . In this line, last week, Raytheon's Missile Systems unit won a Navy contract, which covered FMS, to procure full-rate production requirements and spares for fiscal 2017 Standard Missile-2 (SM-2) (read more: Raytheon Secures $618M FMS Contract from Navy for SM-2 ). | Additionally, the company poses strong competition to its peers, including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Defense behemoth, Raytheon CompanyRTN , has secured a contract for production of Multi-Spectral Targeting System (MTS)-B AN/DAS-1A. | 4c3016da-df1a-43d0-bfca-a6fd8470f86e |
710201.0 | 2017-06-19 00:00:00 UTC | Raytheon (RTN) Secures $618M FMS Contract from Navy for SM-2 | DCO | https://www.nasdaq.com/articles/raytheon-rtn-secures-%24618m-fms-contract-from-navy-for-sm-2-2017-06-19 | nan | nan | Raytheon Company 's RTN business unit, Missile Systems, has won a contract from the U.S. Navy to procure full-rate production requirements and spares for fiscal 2017 Standard Missile-2 (SM-2). The procurement will be done for the U.S. and Allied Foreign Navies.
Details of the Contract
The contract is valued at $617.6 million. It includes options that will take the cumulative value of the contract to $652.8 million, if exercised.
Per the terms, the deal covers Foreign Military Sales (FMS) to the countries of Japan comprising 61%, 23% to Australia, 7% to Netherlands, and 6% to Korea.
Work is scheduled to be complete by Mar 2022. Majority of the work will be carried out in Tucson, AZ, while the rest will be executed in various locations across the U.S. The contract will use fiscal 2017 operations and maintenance (Navy); foreign military sales; and memorandum of understanding funds.
A Brief Note on SM-2
Standard Missile-2 is the world's leading fleet-area air defense weapon. It provides protection against a wide range of advanced threats. Also, it has been integrated with both Aegis and non-Aegis combat weapon systems that provide high- and low-altitude intercept capabilities and performance against advanced anti-ship missile threats. The SM-2 has a secondary anti-surface ship mission, and uses tail controls and a solid-fuel rocket motor for impulsion and maneuverability as well.
Notably, the missile can be launched from the MK-41, MK-13 and MK-26 launchers. The most advanced variant, the SM-2 Block IV, has successfully intercepted and destroyed short-range ballistic missile targets, demonstrating the weapon's ability to stop ballistic missile threats in their final phases of flight.
Since a long time, SM-2 has been the primary surface-to-air fleet-air defense weapon of choice for the U.S. Navy. Evidently, it has been deployed by the U.S. and eight allied navies. Moving ahead, the U.S Navy has committed to continue consigning for Standard Missile-2, which proves that it still continues to keep SM-2s in their stock.
Additionally, it should be noted that the SM-2 family continues to grow internationally. To this end, countries like Australia, Canada, Germany, Japan, Korea, the Netherlands, Spain and Taiwan have deployed surface combatants. Furthermore, several other navies are executing ship configurations to support SM-2 applications. To date, Raytheon has delivered over 5000 SM-2's to the U.S. and its allies.
Potential for Growth
Following in the footsteps of the U.S. and its allies, other countries are working on utilizing advanced technology in their defense systems. Thus, foreign military contracts are a vital growth driver for Raytheon. Evidently, the company's first-quarter international bookings comprised 33% of its total bookings. During the quarter, international sales were up 7.5%, representing 32% of total sales.
Why Raytheon?
Raytheon is one of the best-positioned companies among large-cap defense players due to its non-platform-centric focus. Moreover, the company has been enjoying a steady stream of sumptuous contracts from government establishments. In April, Raytheon won a modification contract worth $199.8 million from the U.S. Navy to procure 317 of the 17th Lot of AIM-9X Block II missiles.
Again, in February, Raytheon secured a FMS contract, worth $1.07 billion from the U.S. Air Force to provide an early warning radar system to the Qatar government. Additionally, it won a FMS contract valued at $202.2 million from the U.S. Army to provide engineering services for the PATRIOT weapon systems program in the same month.
Price Movement
Raytheon's stock was up about 20.6% on a year-to-date basis, outperforming the Zacks categorized Aerospace-Defense Equipment industry's gain of 19.5%. This could be because of rising demand for its defense equipments from MENA or the Middle East and North Africa region, and growth in FMS contracts. Additionally, the company poses strong competition to its peers including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD .
Zacks Rank
Raytheon currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) 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. | Additionally, the company poses strong competition to its peers including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon Company 's RTN business unit, Missile Systems, has won a contract from the U.S. Navy to procure full-rate production requirements and spares for fiscal 2017 Standard Missile-2 (SM-2). | Additionally, the company poses strong competition to its peers including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Per the terms, the deal covers Foreign Military Sales (FMS) to the countries of Japan comprising 61%, 23% to Australia, 7% to Netherlands, and 6% to Korea. | Click to get this free report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, the company poses strong competition to its peers including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD . Raytheon Company 's RTN business unit, Missile Systems, has won a contract from the U.S. Navy to procure full-rate production requirements and spares for fiscal 2017 Standard Missile-2 (SM-2). | Additionally, the company poses strong competition to its peers including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Why Raytheon? | 4aac44e3-3c58-4836-96e5-aa5c90425f20 |
710202.0 | 2017-06-15 00:00:00 UTC | Raytheon Wins $83M Navy Contract for AIM-9X Block II Missile | DCO | https://www.nasdaq.com/articles/raytheon-wins-%2483m-navy-contract-for-aim-9x-block-ii-missile-2017-06-15 | nan | nan | Raytheon Company 's RTN business unit, Missile Systems has won a modification contract to procure 180 AIM-9X Block II all-up-round tactical missiles of the 17th Lot.
Details of the Contract
The contract is valued at $82.8 million. It was awarded by the Naval Air Systems Command, Patuxent River, MD.
Per the modification, Raytheon will procure Block II missiles - 52 for the Air Force; eight for the Navy; 93 for the governments of Poland; 14 for Indonesia; 10 for Romania; three for Belgium. Apart from this, the company will also provide 19 captive air training Missiles - 11 for the Air Force; eight for the Navy; 50 AIM-9X missile containers - 14 for the Air Force; one for the Navy and Marine Corps each; and 26 for the governments of Poland; four for Indonesia; three for Romania; and one for Belgium.
Additionally, the company will provide three special air training missiles for the Marine Corps' Harrier program; two spare active optical target detectors for the Air Force; two spare tactical guidance units (live battery) for the Air Force; two spare captive air training missile guidance units (inert battery) for the Air Force; seven spare active optical target detector containers - 6 for the Air Force; one for the Navy; four guidance unit containers - two for the Air Force and the Navy each; and associated lots of spares for the Navy, Air Force and government of Poland.
In fact, the deal covers purchasing 30.59% for the Air Force; 6.08% for the Navy; 49.08% for the governments of Poland; 7.39% for Indonesia; 5.28% for Romania; 1.58% for Belgium, under the Foreign Military Sales (FMS) program.
Work is scheduled to be complete by Mar 2020. Majority of the work will be carried out in Tucson, AZ, while the rest will be executed in various locations across the U.S., Canada, Germany and Italy. The contract will use fiscal 2017 weapons procurement (Navy); 2017 research, development, testing and evaluation (Navy); 2015, 2016, and 2017 missile procurement (Air Force); and foreign military sales funds.
A Brief Note on AIM-9X Block II
The AIM-9X Block II missile is an advanced version of Raytheon's AIM-9X Block I Sidewinder infrared-guided, air-to-air missile that features a lock-on-after-launch capability, redesigned fuse and a one-way forward-quarter datalink capability. Unlike the AIM-9, the AIM-9X can even be used against targets on the ground.
The Block II missile is armed with improved handling, loading, in-flight safety and enhanced ability to destroy a target. It has been equipped with new processors in the guidance section and a new fuse that has a weapon datalink, providing it with a lock-on-after-launch capability. The missile's capabilities can be enhanced with future software updates, which will leverage the speed and increased memory capacity of new processors.
Potential for Growth
Following in the footsteps of the U.S. and its allies, other countries are working on utilizing advanced technology in their defense systems. Thus, foreign military contracts are a vital growth driver for Raytheon. Evidently, the company's first-quarter international bookings comprised 33% of its total bookings. During the quarter, international sales were up 7.5%, representing 32% of total sales.
Why Raytheon?
Raytheon is one of the best-positioned companies among large-cap defense players due to its non-platform-centric focus. It has been manufacturing AIM-9X missiles for 14 years. Block I missiles have been delivered to nine U.S. allies, while the Block II is being used by over 40 nations.
Moreover, the company has been enjoying a steady stream of contracts from government establishments. In April, Raytheon won a modification contract from the U.S. Navy to procure 317 of the 17th Lot of AIM-9X Block II missiles. The contract was valued at $199.8 million.
Again, in February, Raytheon secured a FMS contract, worth $1.07 billion, from the U.S. Air Force. Under the terms of the deal, the company will provide an early warning radar system to the Qatar government. Also, the company won a FMS contract valued at $202.2 million from the U.S. Army to provide engineering services for the PATRIOT weapon systems program in the same month.
Price Movement
Raytheon's stock was up about 14.4% on a year-to-date basis, outperforming the Zacks categorized Aerospace-Defense Equipment industry's gain of 10.2%. This could be because of rising demand from MENA or the Middle East and North Africa region, and growth in FMS contracts. Additionally, the company poses strong competition to peers including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD .
Zacks Rank
Raytheon currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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. | Additionally, the company poses strong competition to peers including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, the deal covers purchasing 30.59% for the Air Force; 6.08% for the Navy; 49.08% for the governments of Poland; 7.39% for Indonesia; 5.28% for Romania; 1.58% for Belgium, under the Foreign Military Sales (FMS) program. | Click to get this free report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, the company poses strong competition to peers including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD . Raytheon Company 's RTN business unit, Missile Systems has won a modification contract to procure 180 AIM-9X Block II all-up-round tactical missiles of the 17th Lot. | Click to get this free report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, the company poses strong competition to peers including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD . Apart from this, the company will also provide 19 captive air training Missiles - 11 for the Air Force; eight for the Navy; 50 AIM-9X missile containers - 14 for the Air Force; one for the Navy and Marine Corps each; and 26 for the governments of Poland; four for Indonesia; three for Romania; and one for Belgium. | Additionally, the company poses strong competition to peers including Ducommun Incorporated DCO , Triump Group, Inc. TGI and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, the deal covers purchasing 30.59% for the Air Force; 6.08% for the Navy; 49.08% for the governments of Poland; 7.39% for Indonesia; 5.28% for Romania; 1.58% for Belgium, under the Foreign Military Sales (FMS) program. | 40ddf73f-35b9-4e92-9e97-0504dba3a24b |
710203.0 | 2017-06-12 00:00:00 UTC | Raytheon's Space and Airborne Systems Awarded $42.8M Deal | DCO | https://www.nasdaq.com/articles/raytheons-space-and-airborne-systems-awarded-%2442.8m-deal-2017-06-12 | nan | nan | Raytheon Company 's RTN Space and Airborne Systems Division has won a $42.8 million contract for production of Identification Friend-or-Foe (IFF) KIV-77 Mode 4/5 cryptographic appliqué computers. Per the terms, the work will be carried out at Largo, FL and is expected to be completed by June 8, 2022.
The contract was awarded by the Air Force Life Cycle Management Center, Joint-Base San Antonio, TX. The deal includes military sales to multiple countries. Other than remote form factor and data, the contractor will also provide KIV-77 units and associated spare parts.
About KIV-77
IFF is the military designation of the Air Traffic Control (ATC) System is used to identify and track military aircraft. The KIV-77 Mode 4/5 crypto applique for IFF is a Type 1 certified equipment, operated by the National Security Agency. It provides the warfighter with the latest technology in secure air, land and surface combat-identification capability.
It provides information assurance for MK XIIA IFF interrogators and transponders with the help of Mode 4 and Mode 5. Of these two, Mode 5 IFF provides next-generation encrypted data link between interrogators and transponders and helps in identifying if the aircraft is friendly.
Our View
In the era of digitization, cyber threats have emerged as a new avenue for terrorists to spread worldwide mayhem. Defense companies like Raytheon, with a strong portfolio of cybersecurity products, surely take advantage of this situation by strengthening their cyber programs.
Toward this end, in Feb 2017, Raytheon's Forcepoint business acquired the Skyfence cloud access security broker business to expand and enhance its strategy to deliver cyber security systems. This merger will provide customers increased visibility, control and security as users interact with data wherever it resides, including within cloud applications
As a large-cap defense player, Raytheon holds a strong position due to its non-platform-centric focus. We believe, the consistent order inflow like the aforementioned one, coupled with its strong fortey in cybersecurity, will allow the company to continue on an upward growth trajectory, in days ahead.
Price Movement
Raytheon's stock gained about 13.0% in the last 12 months, outperforming the Zacks categorized Aerospace-Defense Equipment industry's gain of 8.8%. Strong foreign military contracts along with rising demand from the Gulf countries and Asia-Pacific may have contributed to this outperformance.
The company also poses strong competition to its peers, including Ducommun Incorporated DCO and Curtiss-Wright Corporation CW .
Zacks Rank and Other Stock to Consider
Raytheon currently carries a Zacks Rank #2 (Buy). A better-ranked stock in the Aerospace-Defense Equipment space is Rockwell Collins, Inc. COL , boasting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Rockwell Collins delivered a positive earnings surprise of 2.29% in the first quarter. Its Zacks Consensus Estimate for 2017 moved up nearly 10.7% to $6.01 per share in the last 60 days.
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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 also poses strong competition to its peers, including Ducommun Incorporated DCO and Curtiss-Wright Corporation CW . Click to get this free report Rockwell Collins, Inc. (COL): Free Stock Analysis Report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon Company 's RTN Space and Airborne Systems Division has won a $42.8 million contract for production of Identification Friend-or-Foe (IFF) KIV-77 Mode 4/5 cryptographic appliqué computers. | The company also poses strong competition to its peers, including Ducommun Incorporated DCO and Curtiss-Wright Corporation CW . Click to get this free report Rockwell Collins, Inc. (COL): Free Stock Analysis Report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the Aerospace-Defense Equipment space is Rockwell Collins, Inc. COL , boasting a Zacks Rank #1 (Strong Buy). | Click to get this free report Rockwell Collins, Inc. (COL): Free Stock Analysis Report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. The company also poses strong competition to its peers, including Ducommun Incorporated DCO and Curtiss-Wright Corporation CW . Zacks Rank and Other Stock to Consider Raytheon currently carries a Zacks Rank #2 (Buy). | The company also poses strong competition to its peers, including Ducommun Incorporated DCO and Curtiss-Wright Corporation CW . Click to get this free report Rockwell Collins, Inc. (COL): Free Stock Analysis Report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. It provides information assurance for MK XIIA IFF interrogators and transponders with the help of Mode 4 and Mode 5. | 5ee32f47-4e55-4b70-926c-14f3560cf2ec |
710204.0 | 2017-06-08 00:00:00 UTC | Raytheon (RTN) Secures Contract Worth $12M Under FMS to UAE | DCO | https://www.nasdaq.com/articles/raytheon-rtn-secures-contract-worth-%2412m-under-fms-to-uae-2017-06-08 | nan | nan | Raytheon Company 's RTN unit, Integrated Defense Systems has won a modification contract from the Missile Defense Agency under a foreign military sales agreement to the United Arab Emirates (UAE).
Details of the Contract
Per the $11.6 million contract, Raytheon will build maintenance software for missile defense system. Work is scheduled to be executed from Jun 7, 2017 through Aug 31, 2018 in Woburn, MA. The contract will use UAE foreign military sales funds for the same.
Why Raytheon?
Raytheon is one of the best-positioned companies among large-cap defense players due to its non-platform-centric focus. It has been heavily investing in technological upgrades as well. Notably, its next-generation solutions will enable the company to support the U.S. Navy and international customers with advanced capabilities to counter emerging threats, going forward.
Raytheon is distinctly focused on its overseas business. Foreign military contracts continue to be the vital growth driver for the company. International bookings comprised 33% of total first-quarter bookings, reflecting an increase of 14% year over year. During the quarter, international sales were up 7.5%, representing 32% of total sales.
Moreover, the company has been enjoying a steady stream of contracts from government establishments. Evidently, Raytheon won a modification contract worth $199.8 million from the U.S. Navy to procure 317 of the 17th Lot of AIM-9X Block II missiles - 107 for the Navy and 210 for the Air Force in April. Again, it won a contract from the U.S. Navy to provide engineering and technical services for Standard Missile, which will be used by the Navy, other government agencies and foreign military sales from fiscal 2017 through 2021.
Price Movement
Raytheon's stock gained about 17.6% in the last 12 months, outperforming the Zacks categorized Aerospace-Defense Equipment industry's gain of 16%. This could be because rising demand from the Middle East and North Africa region (MENA) and growth in FMS contracts are driving the stock. The company also poses strong competition to its peers, including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD .
Zacks Rank
Raytheon currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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. | The company also poses strong competition to its peers, including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, its next-generation solutions will enable the company to support the U.S. Navy and international customers with advanced capabilities to counter emerging threats, going forward. | The company also poses strong competition to its peers, including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon Company 's RTN unit, Integrated Defense Systems has won a modification contract from the Missile Defense Agency under a foreign military sales agreement to the United Arab Emirates (UAE). | Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. The company also poses strong competition to its peers, including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Raytheon Company 's RTN unit, Integrated Defense Systems has won a modification contract from the Missile Defense Agency under a foreign military sales agreement to the United Arab Emirates (UAE). | The company also poses strong competition to its peers, including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Why Raytheon? | 7cf85f30-c74e-4626-9238-0146e171a219 |
710205.0 | 2017-05-19 00:00:00 UTC | Raytheon (RTN) Secures $49M Air Force Contract for ADS-B | DCO | https://www.nasdaq.com/articles/raytheon-rtn-secures-%2449m-air-force-contract-for-ads-b-2017-05-19 | nan | nan | Raytheon CompanyRTN has won a contract from the U.S. Air Force (USAF) to equip the Automatic Dependent Surveillance - Broadcast (ADS-B) in T-38A/B and A-10 aircraft platforms. The ceiling value of the contract is $49 million and is awarded by the Air Force Life Cycle Management Center, Hill Air Force Base, UT.
Details of the Contract
Per the contract, Raytheon will provide the equipment to help USAF comply with the Federal Aviation Administration (FAA) Automatic Dependent Surveillance - Broadcast mandate.
Work is scheduled to be completed by May 16, 2023. Work will be carried out in Baltimore, MD; Largo, FL; and Indianapolis, IN. The contract will use fiscal 2017 research, development, test, and evaluation funds.
A Brief Note on ADS-B
ADS-B is a surveillance technology that helps an aircraft to track its position using satellite navigation and occasionally broadcast it. The information may be used by air traffic control ground stations as a replacement for secondary radar. Other aircraft can also use this information to provide situational awareness and allow self separation.
This is an automatic technology that doesn't require any pilot or external input but depends on data from the aircraft's navigation system. ADS-B consists of two different services, "ADS-B Out" and "ADS-B In" that could replace radar as the primary surveillance method for controlling aircraft worldwide. In the U.S., ADS-B is an integral component of the Next Generation Air Transportation System (NextGen) national airspace strategy for upgrading and enhancing aviation infrastructure and operations.
The ADS-B market is projected to grow to $1,316.9 million by 2022 from $427.8 million in 2016, at a CAGR of 20.61%, during the forecast period. The major factor driving the growth of the ADS-B market will be the implementation of ADS-B in aircraft. Moreover, factors like modernization of air traffic management infrastructure and development of new airports globally are expected to propel its demand.
FAA directive needs aircraft operating in controlled U.S. airspace to be equipped with the ADS-B system by Jan. 1, 2020, as part of the agency's NextGen initiative. Currently, this surveillance technology has been made compulsory in certain segments of Australian airspace. The equipment will be mandatory for some aircraft in Europe from this year. We note that Canada is already using ADS-B for quite limited air traffic control at present.
Why Raytheon?
Raytheon is one of the best-positioned companies among large-cap defense players due to its non-platform-centric focus. The company has been heavily investing in technological upgrades. Notably, its next-generation solutions will enable the company to support the U.S. Navy and international customers with advanced capabilities to counter emerging threats, going forward.
The company has been enjoying a steady stream of contracts from government establishments. Evidently, Raytheon won a modification contract worth $199.8 million from the U.S. Navy to procure 317 of the 17th Lot of AIM-9X Block II missiles - 107 for the Navy and 210 for the Air Force in April. Again, it won a contract from the U.S. Navy to provide engineering and technical services for Standard Missile, which will be used by the Navy, other government agencies and foreign military sales from fiscal 2017 through 2021.
Price Movement
Raytheon's stock gained about 21% in the last twelve months, outperforming the Zacks categorized Aerospace-Defense Equipment industry's gain of 15.9%. This could be because rising demand from MENA or the Middle East and North Africa region, and growth in FMS contracts are driving the stock. The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD .
Zacks Rank
Raytheon currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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. | The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. In the U.S., ADS-B is an integral component of the Next Generation Air Transportation System (NextGen) national airspace strategy for upgrading and enhancing aviation infrastructure and operations. | The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon CompanyRTN has won a contract from the U.S. Air Force (USAF) to equip the Automatic Dependent Surveillance - Broadcast (ADS-B) in T-38A/B and A-10 aircraft platforms. | Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Raytheon CompanyRTN has won a contract from the U.S. Air Force (USAF) to equip the Automatic Dependent Surveillance - Broadcast (ADS-B) in T-38A/B and A-10 aircraft platforms. | The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon CompanyRTN has won a contract from the U.S. Air Force (USAF) to equip the Automatic Dependent Surveillance - Broadcast (ADS-B) in T-38A/B and A-10 aircraft platforms. | 81611017-ecbb-4d48-842d-1db78c092903 |
710206.0 | 2017-04-24 00:00:00 UTC | The Best Aerospace Stocks to Buy in 2017 | DCO | https://www.nasdaq.com/articles/best-aerospace-stocks-buy-2017-2017-04-24 | nan | nan | A combination of multiyear backlogs at Boeing (NYSE: BA) and Airbus (NASDAQOTH: EADSY) , and projections from industry bodies like the International Air Transport Association (IATA) for long-term passenger growth of 3.7%, make the aerospace sector very attractive for investors. I think large cap United Technologies Corporation (NYSE: UTX) and small cap Ducommun Incorporated (NYSE: DCO) are worthy investment candidates; here's why.
Opportunities, but also challenges
First up, it's worth noting that United Technologies and Ducommun are both Boeing and Airbus suppliers, so the shifts in production patterns at both aircraft manufacturers have a profound effect on both companies' prospects -- a point I will return to later .
Based on Boeing's planned deliveries of 760 to 765 aircraft deliveries in 2017, the company's backlog of 5,744 means it has roughly 7.5 years' worth of backlog on its books . Moreover, more passengers usually mean more miles flown and more aftermarket revenue -- all good news for aerospace companies. Or is it?
In the long term, it's good news. But investors should be aware that as suppliers shift from work on legacy aircraft such as the Boeing 777 onto new aircraft platforms such as the Boeing 777X or the Airbus A320neo, there will be some transitional difficulties. As you can see in the chart below, operating-income performance has been varied in recent years:
UTX Operating Income (TTM) data by YCharts .
But here's the thing: Both companies have taken significant steps to position themselves for long-term growth. And on the basis of forward enterprise value (market cap plus net debt) to earnings before interest, tax, depreciation and amortization (EBITDA), they trade at a discount to the leading players in the aerospace industry:
UTX EV to EBITDA (Forward) data by YCharts .
United Technologies
United Technologies subsidiaries Pratt & Whitney and UTC Aerospace Systems together contributed 43% of overall company segmental operating profit in 2016, but profit growth was held back by two factors: a negative impact on margin due to the mix of commercial original-equipment (OE) sales, and the production ramp on Pratt & Whitney's new geared turbofan (GTF) engine -- an engine which has around 50% market share of Airbus A320neo engine sales.
As aerospace systems shift from products on legacy aircraft (which tend to be higher-margin) to those on newer aircraft (which tend to be lower-margin initially) there will be a near-term drop in margin on commercial OE equipment sales.
Meanwhile, GTF cost per unit is expected to decline as production is ramped up from around 150 in 2016 to a range of 350 to 400 in 2017, and CFO Akhil Johri expects negative engine margin (losses taken on engine sales before aftermarket, maintenance, and service revenue kick in) to peak at $1 billion in 2018.
As you can see below, management forecasts that adjusted operating-profit growth for both segments in 2017 will also be negatively impacted:
Company Estimates for 2017 Change in Adjusted Operating Profit:
Data source: United Technologies investor presentations. *UTC Aerospace Systems' commercial aftermarket includes military.
However, these earnings headwinds aren't permanent. In the long term, United Technologies should see these things happen:
Aerospace systems cost reductions will increase as the production of goods for newer aircraft increases.
Aftermarket sales will grow due to establishing OE sales on aircraft.
GTF production costs per unit will be reduced, and negative engine margin will be reduced.
Around 80% of the GTFs are being sold under a fleet-care arrangement, thus ensuring long-term revenue for United Technologies.
All told, once the company passes this period of transition, aerospace-related profits should grow strongly. Given that the stock trades at a discount to its peers, it looks like a good value.
Ducommun Incorporated
Investors looking for a small-cap option might like Ducommun. The company generates half of its revenue from structural systems, including such diverse items as cargo doors, winglets, tail cones, and exhaust ducts. The other half comes from electronic systems, such as cables and wiring, circuit-board solutions, and integrated electronic solutions.
At the end of 2016, around 53% of Ducommun's backlog was in commercial aerospace, with 43% in military and space. However, it's the former that makes Ducommun exciting. Management expects long-term growth of 4% to 6% from its positions on aircraft such as the Boeing 737, 737 MAX, and 787 Dreamliner, and the Airbus A320, A320neo, A330, and A350, while military and space sales (Black Hawk helicopters, Tomahawk missiles) are expected to grow 0% to 2% in the long term.
Moreover, Ducommun -- like United Technologies -- is also in transition. In the last year or so, management has aggressively restructured the company in order to prepare for future aerospace growth:
In late 2015, it closed an operation in Houston.
In early 2016, management reduced the company's exposure to industrial end markets via the $38.5 million divestiture of an operation in Pittsburgh.
The $14.6 million divestiture of its Miltec Corporation subsidiary reduced exposure to non-core military activities.
The divestitures reduced revenue by $22 million in the fourth quarter, leading to a decline in overall revenue of $14 million. However, the cash from the divestitures helped reduce long-term debt from $240 million at the start of 2016 to $167 million at the end; management expects to pay down a further $25 million in debt in 2017.
Ducommun is now a more streamlined company trading at an attractive valuation. Analysts expect flat earnings per share of $1.46 in 2017, with EPS growth of 37% in 2018. As the company invests in new facilities in order to prepare for growth, capital expenditures are expected to ramp up to a range of $22 million to $26 million in 2017, from $18.7 million in 2016; this will eat into free cash flow generation in 2017.
No matter: Ducommun is positioning itself on a strong long-term growth path. As Airbus and Boeing ramp up production on the aircraft that Ducommun sells into, investors can expect earnings and cash flow growth for years to come.
Foolish takeaway
All told, United Technologies and Ducommun trade at attractive valuations; if you believe the aerospace industry is headed for long-term growth, then they are both worth buying. Both are facing some near-term headwinds that are holding back the headline numbers, but if you can look beyond this, they are both a good value.
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Lee Samaha owns shares of United Technologies. 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. | I think large cap United Technologies Corporation (NYSE: UTX) and small cap Ducommun Incorporated (NYSE: DCO) are worthy investment candidates; here's why. A combination of multiyear backlogs at Boeing (NYSE: BA) and Airbus (NASDAQOTH: EADSY) , and projections from industry bodies like the International Air Transport Association (IATA) for long-term passenger growth of 3.7%, make the aerospace sector very attractive for investors. Opportunities, but also challenges First up, it's worth noting that United Technologies and Ducommun are both Boeing and Airbus suppliers, so the shifts in production patterns at both aircraft manufacturers have a profound effect on both companies' prospects -- a point I will return to later . | I think large cap United Technologies Corporation (NYSE: UTX) and small cap Ducommun Incorporated (NYSE: DCO) are worthy investment candidates; here's why. United Technologies United Technologies subsidiaries Pratt & Whitney and UTC Aerospace Systems together contributed 43% of overall company segmental operating profit in 2016, but profit growth was held back by two factors: a negative impact on margin due to the mix of commercial original-equipment (OE) sales, and the production ramp on Pratt & Whitney's new geared turbofan (GTF) engine -- an engine which has around 50% market share of Airbus A320neo engine sales. In the long term, United Technologies should see these things happen: Aerospace systems cost reductions will increase as the production of goods for newer aircraft increases. | I think large cap United Technologies Corporation (NYSE: UTX) and small cap Ducommun Incorporated (NYSE: DCO) are worthy investment candidates; here's why. Opportunities, but also challenges First up, it's worth noting that United Technologies and Ducommun are both Boeing and Airbus suppliers, so the shifts in production patterns at both aircraft manufacturers have a profound effect on both companies' prospects -- a point I will return to later . United Technologies United Technologies subsidiaries Pratt & Whitney and UTC Aerospace Systems together contributed 43% of overall company segmental operating profit in 2016, but profit growth was held back by two factors: a negative impact on margin due to the mix of commercial original-equipment (OE) sales, and the production ramp on Pratt & Whitney's new geared turbofan (GTF) engine -- an engine which has around 50% market share of Airbus A320neo engine sales. | I think large cap United Technologies Corporation (NYSE: UTX) and small cap Ducommun Incorporated (NYSE: DCO) are worthy investment candidates; here's why. Management expects long-term growth of 4% to 6% from its positions on aircraft such as the Boeing 737, 737 MAX, and 787 Dreamliner, and the Airbus A320, A320neo, A330, and A350, while military and space sales (Black Hawk helicopters, Tomahawk missiles) are expected to grow 0% to 2% in the long term. Moreover, Ducommun -- like United Technologies -- is also in transition. | b1a82b98-e78e-4ead-b65b-d38a0ea99439 |
710207.0 | 2017-04-05 00:00:00 UTC | Should You Get Rid of Ducommun (DCO) Now? | DCO | https://www.nasdaq.com/articles/should-you-get-rid-of-ducommun-dco-now-2017-04-05 | 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 Ducommun IncorporatedDCO , 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 DCO.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 3 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $1.71 a share a month ago to its current level of $1.36.
Also, for the current quarter, DCO has seen 3 downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to 20 cents a share from 37 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 20.3% in the past month.
Ducommun Incorporated Price and Consensus
Ducommun Incorporated Price and Consensus | Ducommun Incorporated 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 Aerospace - Defense Equipmentindustry, you may instead consider a better-ranked stock - HEICO Corporation HEI . The stock currently holds a Zacks Rank #2 (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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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. | One such stock that you may want to consider dropping is Ducommun IncorporatedDCO , 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 DCO. Also, for the current quarter, DCO has seen 3 downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to 20 cents a share from 37 cents over the past 30 days. | Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report Heico Corporation (HEI): Free Stock Analysis Report To read this article on Zacks.com click here. One such stock that you may want to consider dropping is Ducommun IncorporatedDCO , 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 DCO. | One such stock that you may want to consider dropping is Ducommun IncorporatedDCO , 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. Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report Heico Corporation (HEI): Free Stock Analysis Report To read this article on Zacks.com click here. A Zacks Rank #4 (Sell) further confirms weakness in DCO. | One such stock that you may want to consider dropping is Ducommun IncorporatedDCO , 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 DCO. Also, for the current quarter, DCO has seen 3 downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to 20 cents a share from 37 cents over the past 30 days. | e939520f-4517-4bee-b305-17f9e789c4b2 |
710208.0 | 2017-04-04 00:00:00 UTC | New Strong Sell Stocks for April 4th | DCO | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-april-4th-2017-04-04 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Amyris, Inc.AMRS offers different alternatives to a variety of petroleum-sourced products globally. The Zacks Consensus Estimate for its current year earnings has been revised 32% downward over the last 30 days.
CGGCGG is a geoscience company. The Zacks Consensus Estimate for its current year earnings has been revised 31.7% downward over the last 30 days.
Ducommun IncorporatedDCO offers manufacturing and engineering products and services mainly to the industrial, aerospace, natural resources, medical and defense industries. The Zacks Consensus Estimate for its current year earnings has been revised 20.3% downward over the last 30 days.
Connecture, Inc.CNXR provides web-based consumer shopping, enrollment and retention platform for health insurance distribution.The Zacks Consensus Estimate for its current year earnings has been revised more than 100% downward over the last 30 days.
Jamba, Inc.JMBA is a restaurant chain company. The Zacks Consensus Estimate for its current year earnings has been revised 3.8% downward over the last 30 days.
View the entire Zacks Rank #5 List .
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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. | Ducommun IncorporatedDCO offers manufacturing and engineering products and services mainly to the industrial, aerospace, natural resources, medical and defense industries. Click to get this free report Connecture, Inc. (CNXR): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report CGG (CGG): Free Stock Analysis Report Jamba, Inc. (JMBA): Free Stock Analysis Report Amyris, Inc. (AMRS): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Amyris, Inc.AMRS offers different alternatives to a variety of petroleum-sourced products globally. | Click to get this free report Connecture, Inc. (CNXR): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report CGG (CGG): Free Stock Analysis Report Jamba, Inc. (JMBA): Free Stock Analysis Report Amyris, Inc. (AMRS): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun IncorporatedDCO offers manufacturing and engineering products and services mainly to the industrial, aerospace, natural resources, medical and defense industries. The Zacks Consensus Estimate for its current year earnings has been revised 32% downward over the last 30 days. | Click to get this free report Connecture, Inc. (CNXR): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report CGG (CGG): Free Stock Analysis Report Jamba, Inc. (JMBA): Free Stock Analysis Report Amyris, Inc. (AMRS): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun IncorporatedDCO offers manufacturing and engineering products and services mainly to the industrial, aerospace, natural resources, medical and defense industries. The Zacks Consensus Estimate for its current year earnings has been revised 32% downward over the last 30 days. | Ducommun IncorporatedDCO offers manufacturing and engineering products and services mainly to the industrial, aerospace, natural resources, medical and defense industries. Click to get this free report Connecture, Inc. (CNXR): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report CGG (CGG): Free Stock Analysis Report Jamba, Inc. (JMBA): Free Stock Analysis Report Amyris, Inc. (AMRS): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List . | db71c260-6bf1-4a99-8ee9-343de9b64182 |
710209.0 | 2017-04-03 00:00:00 UTC | Raytheon Wins $200M Deal for 317 AIM-9X Block II Missiles | DCO | https://www.nasdaq.com/articles/raytheon-wins-%24200m-deal-for-317-aim-9x-block-ii-missiles-2017-04-03 | nan | nan | Raytheon CompanyRTN has won a modification contract from the U.S. Navy to procure 317 of the 17th Lot of AIM-9X Block II missiles - 107 for the Navy and 210 for the Air Force.
Details of the Contract
The contract is valued at $199.8 million. It was awarded by the Naval Air Systems Command, Patuxent River, MD.
Per the modification, Raytheon will also procure 199 Block II captive air training missiles - 77 for the Air Force; 24 for the Navy; 48 for the governments of Australia; 20 for Indonesia; 20 for the Netherlands; six for Romania and four for Poland. Apart from this, the company will also provide 15 special air training missiles - 10 for the government of Australia and five for Taiwan. Additionally, the company will provide 160 all up round containers - 81 for the Air Force; 43 for the Navy; 15 for the governments of Australia; 10 for the Netherlands; six for Indonesia; two each for Romania and Taiwan and one for Poland.
Moreover, the contract includes purchases for seven spare advanced optical target detectors - one for the Navy; two each for the Air Force and the governments of Australia; one for Indonesia and Poland, each. Furthermore, 11 spare guidance units (live battery) will be procured - two for the Navy; four for the Air Force; three for the governments of Romania and two for Indonesia; 22 spare captive air training missile guidance units - two for the Navy; six for the Air Force and 10 for the governments of Australia; two each for Indonesia and Romania; 23 guidance unit containers - 10 for the Air Force and six for the governments of Australia, five for Romania, and two for Indonesia; four spare advanced optical target detector containers - two for the governments of Australia, one each for Indonesia and Poland; one spare block I propulsion steering section and one spare block II propulsion steering section for the Air Force; and spares - one each for the Navy and Air Force; and 19 lots of spares - two each for the government of Australia and Turkey, one each for Denmark, Finland, Israel, Belgium, Netherlands, Singapore, Poland, Switzerland, Japan, Norway, Morocco, Romania, Korea, Saudi Arabia and Taiwan.
In fact, the deal covers purchasing 55.75% for the Air Force; 25.53% for the Navy; 8.72% for the governments of Australia; 2.64% for Indonesia; 2.46% for Netherlands; 1.51% for Taiwan; 1.08% for Romania; 0.67% for Poland; 0.53% for Saudi Arabia; 0.25% for Belgium; 0.23% for Turkey; 0.20% for Switzerland; 0.16% for Korea; 0.16% for Norway; 0.04% for Morocco; 0.03% for Japan; 0.01% for Denmark, Finland, Israel and Singapore each, under the Foreign Military Sales (FMS) program.
Work is scheduled to be completed by Mar 2020. Majority of the work will be carried out in Tucson, AZ; while the rest in various locations across the U.S. The contract will use fiscal 2017 missile procurement (Air Force); fiscal 2017 weapons procurement (Navy); and FMS funds.
A Brief Note on AIM-9X Block II
The AIM-9X Block II missile is an advanced version of Raytheon's AIM-9X Block I Sidewinder infrared-guided, air-to-air missile that features a lock-on-after-launch capability, redesigned fuse and a one-way forward-quarter datalink capability. Unlike the AIM-9, the AIM-9X can even be used against targets on the ground.
The Block II missile is armed with improved handling, loading, in-flight safety and enhanced ability to destroy a target. It has been equipped with new processors in the guidance section and a new fuse that has a weapon datalink, providing it with a lock-on-after-launch capability. The missile's capabilities can be enhanced with future software updates, which will leverage the speed and increased memory capacity of new processors.
Potential for Growth
Following in the footsteps of the U.S. and its allies, other countries are working on utilizing advanced technology in their defense systems. Thus, foreign military contracts are a vital growth driver for Raytheon. Evidently, the company's fourth-quarter international bookings comprised 38% of its total bookings. During the quarter, international sales were up 5.6%, representing 31% of total sales.
Why Raytheon?
Raytheon is one of the best-positioned companies among large-cap defense players due to its non-platform-centric focus. It has been manufacturing AIM-9X missiles for 14 years. Block I missiles have been delivered to nine U.S. allies, while the Block II is being used by over 40 nations.
Moreover, the company has been enjoying a steady stream of contracts from government establishments. In February, Raytheon secured a FMS contract, worth $1.07 billion, from the U.S. Air Force. Under the terms of the deal, the company will provide an early warning radar system to the Qatar government, which will be incorporated into the nation's integrated air and missile defense enterprise.
Again, in the same month, Raytheon won a FMS contract from the U.S. Army to provide engineering services for the PATRIOT weapon systems program. The contract was valued at $202.2 million.
Price Movement
Raytheon's stock gained about 22.8% in the last 12 months, outperforming the Zacks categorized Aerospace-Defense Equipment industry's gain of 19.5%. This could be because of rising demand from MENA or the Middle East and North Africa region, and growth in FMS contracts. The company also poses strong competition to peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD .
Zacks Rank
Raytheon currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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. | The company also poses strong competition to peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, the deal covers purchasing 55.75% for the Air Force; 25.53% for the Navy; 8.72% for the governments of Australia; 2.64% for Indonesia; 2.46% for Netherlands; 1.51% for Taiwan; 1.08% for Romania; 0.67% for Poland; 0.53% for Saudi Arabia; 0.25% for Belgium; 0.23% for Turkey; 0.20% for Switzerland; 0.16% for Korea; 0.16% for Norway; 0.04% for Morocco; 0.03% for Japan; 0.01% for Denmark, Finland, Israel and Singapore each, under the Foreign Military Sales (FMS) program. | Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. The company also poses strong competition to peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Furthermore, 11 spare guidance units (live battery) will be procured - two for the Navy; four for the Air Force; three for the governments of Romania and two for Indonesia; 22 spare captive air training missile guidance units - two for the Navy; six for the Air Force and 10 for the governments of Australia; two each for Indonesia and Romania; 23 guidance unit containers - 10 for the Air Force and six for the governments of Australia, five for Romania, and two for Indonesia; four spare advanced optical target detector containers - two for the governments of Australia, one each for Indonesia and Poland; one spare block I propulsion steering section and one spare block II propulsion steering section for the Air Force; and spares - one each for the Navy and Air Force; and 19 lots of spares - two each for the government of Australia and Turkey, one each for Denmark, Finland, Israel, Belgium, Netherlands, Singapore, Poland, Switzerland, Japan, Norway, Morocco, Romania, Korea, Saudi Arabia and Taiwan. | Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. The company also poses strong competition to peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Per the modification, Raytheon will also procure 199 Block II captive air training missiles - 77 for the Air Force; 24 for the Navy; 48 for the governments of Australia; 20 for Indonesia; 20 for the Netherlands; six for Romania and four for Poland. | The company also poses strong competition to peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon CompanyRTN has won a modification contract from the U.S. Navy to procure 317 of the 17th Lot of AIM-9X Block II missiles - 107 for the Navy and 210 for the Air Force. | 7b16e488-df9c-4387-a8cf-4a3def29f3b4 |
710210.0 | 2017-03-30 00:00:00 UTC | Raytheon (RTN) Approves 9% Increase in Quarterly Dividend | DCO | https://www.nasdaq.com/articles/raytheon-rtn-approves-9-increase-in-quarterly-dividend-2017-03-30 | nan | nan | The board of directors of Raytheon Co.RTN voted for an 8.9% annual dividend hike. This marked the 13th consecutive annual dividend increase by the company.
The company has increased the quarterly dividend to 79.75 cents per share from 73.25 cents, bringing the annualized payout to $3.19 from $2.93 paid earlier. The annual yield on distribution is 2.1%. The dividend will be paid on May 11, to shareholders of record as of Apr 12.
Raytheon's Financials
A steady dividend payout policy primarily reflects Raytheon's robust financial position and balanced capital deployment strategy. In fact, an increase in dividend at periodic intervals has been one of the most attractive features of this defense major, providing risk-adjusted returns to its stockholders. The latest rise comes almost after a year of its prior dividend increase declared on Mar 2016.
Raytheon ended 2016 with operating cash flow from continuing operations of $1.1 billion, reflecting an increase of 40.3% year over year. Full-year earnings per share, or EPS, were $7.55, 11.7% higher from $6.76 recorded in the prior year.
Our View
Raytheon has been a consistent performer over the years, which is driving its share price and a quick peek into its recent earnings history reveals the same. Encouragingly, the company surpassed the Zacks Consensus Estimate in all of the four trailing quarters, with an average positive earnings surprise of 4.58%. The long-term earnings growth rate of the company is pegged at 7.50%.
As the world's largest missile maker, Raytheon experienced healthy demand for its products, particularly from foreign customers. The company has been seeing continuous growth in its international sales for the past few years. International bookings comprised 38% of total fourth-quarter 2016 bookings. Also during the quarter, its international sales were up 5.6%, representing 31% of total sales. Notably, rising demand from MENA or the Middle East and North Africa region will likely be the company's key revenue driver, going ahead.
However, the company's bookings in the fourth quarter were $7,577 million compared with $7,861 million in the year-ago quarter, reflecting a decrease of 3.6%. Total backlog at the end of the quarter was $36.9 billion, up from $34.7 billion at 2015-end.
Thanks to Raytheon's wide range of combat-proven defense products, the company continues to receive scrumptious orders from both Pentagon as well as foreign allies of the nation.
Price Movement
Raytheon's stock has gained about 23.9% in the last twelve months, outperforming the Zacks categorized Aerospace-Defense Equipment industry's gain of 19.5%. This could be because Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. Rising demand from the Middle East and North Africa region, and growth in FMS contracts added to the positives. The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD .
Zacks Rank
Raytheon currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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. | The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Our View Raytheon has been a consistent performer over the years, which is driving its share price and a quick peek into its recent earnings history reveals the same. | The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . | Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . The company has increased the quarterly dividend to 79.75 cents per share from 73.25 cents, bringing the annualized payout to $3.19 from $2.93 paid earlier. | The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. This marked the 13th consecutive annual dividend increase by the company. | 1552bf53-a74e-49fc-ab4b-2c166b5e810d |
710211.0 | 2017-03-24 00:00:00 UTC | Raytheon (RTN) Wins $31M Army Deal to Offer Support Services | DCO | https://www.nasdaq.com/articles/raytheon-rtn-wins-%2431m-army-deal-to-offer-support-services-2017-03-24 | nan | nan | Raytheon CompanyRTN recently won a contract from the U.S. Army to provide support services for the AN/TPN-31 Air Traffic Navigation, Integration and Coordination system (ATNAVICS) and AN/FPN-67 Fixed Base Precision Approach Radar (FBPAR).
Details of the Contract
The contract is valued at $31.4 million. It was awarded by the Army Contracting Command, Aberdeen Proving Ground, MD.
Work is scheduled to be completed by Mar 31, 2020 and will be carried out in Marlborough, MA. The contract will use fiscal 2017 operations and maintenance (Army) funds.
A Brief Note on ATNAVICS and FBPAR
ATNAVICS is a wholly self-contained system, incorporated on two High Mobility, Multi-purpose, Wheeled Vehicles (HMMWVs), which provides quick response air traffic control services at Army airfields and tactical landing sites. The system includes a S-band air surveillance radar, L-band secondary surveillance radar/identification friend or foe, an X-band precision approach radar, and Raytheon's AutoTrac air traffic management system. Additionally, it provides full supervision to 25 nautical miles and precision approach coverage to 10 nautical miles in all weather conditions.
The AN/FPN-67 FBPAR provides U.S. Army air traffic controllers with a verified, cost-effective tool that offers precise and reliable information regarding aircraft position to assist in landing operations in adverse weather and low visibility conditions. It is like the ATNAVICS precision approach radar and is expected to be set up in permanent locations at Army airfields. While, the AN/TPN-31 is a tactical system, the AN/FPN-67 is a fixed-base system.
About Raytheon
Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. It is a technology leader focusing on defense, homeland security and other government markets throughout the world. The company has been heavily investing in technological upgrades. It aims to provide the best-in-class security solutions to the U.S. Department of Defense.
The company enjoys steady flow of contracts from the Pentagon. In February, Raytheon secured a foreign military sales (FMS) contract worth $1.07 billion from the U.S. Air Force. Under the terms of the deal, the company will provide an early warning radar system to the Qatar government, which will be incorporated into the nation's integrated air and missile defense enterprise. (Read more: Raytheon Wins FMS Deal for Supply of Radar Systems to Qatar )
In the same month, Raytheon won a foreign military sales ("FMS") contract from the U.S. Army to provide engineering services for the PATRIOT weapon systems program. The contract was valued at $202.2 million.
Price Movement
Raytheon's stock has gained about 24.6% in the last twelve months, outperforming the Zacks categorized Aerospace-Defense Equipment industry's gain of 18%. This could be because Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. Rising demand from the Gulf countries and the Asia Pacific, and growth in FMS contracts added to the positives. The company also poses strong competition to its peers, including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD .
Zacks Rank
Raytheon currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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. | The company also poses strong competition to its peers, including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon CompanyRTN recently won a contract from the U.S. Army to provide support services for the AN/TPN-31 Air Traffic Navigation, Integration and Coordination system (ATNAVICS) and AN/FPN-67 Fixed Base Precision Approach Radar (FBPAR). | The company also poses strong competition to its peers, including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. (Read more: Raytheon Wins FMS Deal for Supply of Radar Systems to Qatar ) In the same month, Raytheon won a foreign military sales ("FMS") contract from the U.S. Army to provide engineering services for the PATRIOT weapon systems program. | Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. The company also poses strong competition to its peers, including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Raytheon CompanyRTN recently won a contract from the U.S. Army to provide support services for the AN/TPN-31 Air Traffic Navigation, Integration and Coordination system (ATNAVICS) and AN/FPN-67 Fixed Base Precision Approach Radar (FBPAR). | The company also poses strong competition to its peers, including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. It is a technology leader focusing on defense, homeland security and other government markets throughout the world. | 5d80764d-dbb4-41d7-b7bf-cc6e6f684542 |
710212.0 | 2017-02-02 00:00:00 UTC | Raytheon (RTN) Wins $202M Army Deal for PATRIOT Program | DCO | https://www.nasdaq.com/articles/raytheon-rtn-wins-%24202m-army-deal-for-patriot-program-2017-02-02 | nan | nan | Raytheon CompanyRTN has won a foreign military sales ("FMS") contract from the U.S. Army to provide engineering services for the PATRIOT weapon systems program.
Details of the Contract
The contract is valued at $202.2 million. It was awarded by the Army Contracting Command, Redstone Arsenal, AL.
Per the contract, Raytheon will provide engineering services to Germany, Israel, Japan, Republic of Korea, Saudi Arabia, Kuwait, Netherlands, Qatar, Spain and Taiwan.
Work is scheduled to be completed by Jan 31, 2018 and will be carried out across various locations. The contract will use fiscal 2017 other; other procurement (Army); operations and maintenance (Army); and research, development, test and evaluation funds.
A Brief Note on Patriot
PATRIOT is a long-range, high-altitude, all-weather system designed to counter threats from tactical ballistic missiles, cruise missiles and advanced fighter aircraft. This missile defense system was successfully used during the 1991 Gulf War and Iraqi War.
Like the U.S. and its allies, other nations across the globe are utilizing advanced technology to strengthen their defense systems. Raytheon makes the popular Patriot missile defense interceptors and has consistently focused on upgrading this missile defense system in order to keep pace with the changing dynamics of modern warfare.
The company believes that growing interest in including a 360-degree active electronically scanned array radar to the Patriot Air Defense systems would lead to sales growth.
Why Raytheon?
Raytheon's Patriot missile-defense systems have seen a number of buyers in recent times including international customers like Qatar and Korea. Moreover, the company is progressing on the Patriot opportunity in Poland. In Sep 2016, Poland signed a letter of request with the U.S. for an integrated air and missile defense system based on Patriot. It is expected that the country will sign a FMS agreement with the U.S. government in 2017. With the addition of Poland, Raytheon sees emerging opportunities for its business expansion in the European region.
Management earlier stated that the IDS division, which includes the Patriot program, will likely return to recording margins of 16-17% in the next 2-3 years as international volumes step up and development programs progress.
FMS contracts continue to be a vital growth driver for Raytheon. International bookings comprised 38% of total fourth-quarter bookings. During the quarter, international sales were up 5.6%, representing 31% of total sales.
Price Movement
Raytheon's stock has gained about 7.0% in the last three months, outperforming the Zacks Categorized Aerospace-Defense Equipment industry's gain of 6.4%. This could be because Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. Rising demand from the Gulf countries and Asia-Pacific, and growth in FMS contracts added to the positives. The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD .
Zacks Rank
Raytheon currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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. | The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon CompanyRTN has won a foreign military sales ("FMS") contract from the U.S. Army to provide engineering services for the PATRIOT weapon systems program. | The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon CompanyRTN has won a foreign military sales ("FMS") contract from the U.S. Army to provide engineering services for the PATRIOT weapon systems program. | Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Raytheon CompanyRTN has won a foreign military sales ("FMS") contract from the U.S. Army to provide engineering services for the PATRIOT weapon systems program. | The company also poses strong competition to its peers including Ducommun Incorporated DCO , Curtiss-Wright Corporation CW and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon CompanyRTN has won a foreign military sales ("FMS") contract from the U.S. Army to provide engineering services for the PATRIOT weapon systems program. | b25ef723-4154-4a10-892a-9fd93d947a9f |
710213.0 | 2017-01-24 00:00:00 UTC | Can The Uptrend Continue for Ducommun (DCO)? | DCO | https://www.nasdaq.com/articles/can-the-uptrend-continue-for-ducommun-dco-2017-01-24 | nan | nan | Investors certainly have to be happy with Ducommun IncorporatedDCO and its short term performance. After all, the stock has jumped by 6.8% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DCO?
While we can never know for sure, it is pretty encouraging that estimates for DCO have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #1 (Strong Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks. You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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. | Investors certainly have to be happy with Ducommun IncorporatedDCO and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DCO? While we can never know for sure, it is pretty encouraging that estimates for DCO have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. | Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Investors certainly have to be happy with Ducommun IncorporatedDCO and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DCO? | Investors certainly have to be happy with Ducommun IncorporatedDCO and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DCO? While we can never know for sure, it is pretty encouraging that estimates for DCO have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. | Investors certainly have to be happy with Ducommun IncorporatedDCO and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DCO? While we can never know for sure, it is pretty encouraging that estimates for DCO have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. | 004cdf8b-95aa-4885-ac47-964aca858552 |
710214.0 | 2017-01-05 00:00:00 UTC | AAR Corp MRO Business Outlook Strong, Competition a Woe | DCO | https://www.nasdaq.com/articles/aar-corp-mro-business-outlook-strong-competition-a-woe-2017-01-05 | nan | nan | On Jan 4, we issued an updated research report on the largest independent maintenance, repair and overhaul ("MRO") provider in North America - AAR Corp.AIR .
AAR Corp. provides various products and services to the aviation and defense industries worldwide. Recently, it reported second-quarter fiscal 2017 results, wherein earnings registered a year-over-year improvement. However, revenues were down from the year-ago tally.
The company is focused on getting rid of its debts and expects an uptrend in cash flow driven by strong fundamentals. It is reducing its debt level and repurchasing shares using proceeds from asset divestures.
Moreover, the company expects its supply chain to see strong growth and continued demand in MRO businesses, backed by a strong position in the thriving global aviation services market. The company continues to expand its MRO business footprint. In Dec 2016, it inaugurated the sixth MRO facility in Rockford, which will allow it to maintain every commercial aircraft up to and including the A380. The company's MRO businesses are expected to see an improvement throughout the year.
Moreover, the company expects Aviation Services to benefit in fiscal 2017 from its strong position in the growing global aviation market. The company expects to see a favorable trend in both commercial and government, and defense customers for comprehensive supply chain and maintenance programs as these customers continue to look for ways to reduce operating costs.
On the flip side, the company operates in a highly competitive space and is subject to stringent government regulations. In addition, AAR Corp. is exposed to currency fluctuation risks due to its geographically expanded client base and operations beyond the U.S.
Adding to its woes, AAR Corp. generated nearly 39% of its fiscal 2016 revenues from government contracts, including defense deals. Though the current budget environment is conducive for defense players, any downward revision in the future may hurt the company's top line. The U.S. government's reduced role in Afghanistan as a result of troop drawdown might have an adverse impact on the company's expeditionary airlift fleet operations.
Price Movement
AAR Corp.'s share price gained 31.5% in the last one year, outperforming the Zacks categorized Aerospace-Defense Equipment industry's gain 14.1%. Note that the company is presently in a transformation process, focusing on its service business and selling off its large manufacturing operations. Its performance is broadly on par with the other major players in the same space like Raytheon Company RTN , Ducommun Inc. DCO and Spirit AeroSystems Holdings, Inc. SPR , all of which have outperformed the industry.
Zacks Rank
AAR Corp. currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 (Strong Buy) 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. | Its performance is broadly on par with the other major players in the same space like Raytheon Company RTN , Ducommun Inc. DCO and Spirit AeroSystems Holdings, Inc. SPR , all of which have outperformed the industry. Click to get this free report AAR CORP (AIR): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. On Jan 4, we issued an updated research report on the largest independent maintenance, repair and overhaul ("MRO") provider in North America - AAR Corp.AIR . | Its performance is broadly on par with the other major players in the same space like Raytheon Company RTN , Ducommun Inc. DCO and Spirit AeroSystems Holdings, Inc. SPR , all of which have outperformed the industry. Click to get this free report AAR CORP (AIR): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the company expects its supply chain to see strong growth and continued demand in MRO businesses, backed by a strong position in the thriving global aviation services market. | Click to get this free report AAR CORP (AIR): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Its performance is broadly on par with the other major players in the same space like Raytheon Company RTN , Ducommun Inc. DCO and Spirit AeroSystems Holdings, Inc. SPR , all of which have outperformed the industry. Moreover, the company expects its supply chain to see strong growth and continued demand in MRO businesses, backed by a strong position in the thriving global aviation services market. | Its performance is broadly on par with the other major players in the same space like Raytheon Company RTN , Ducommun Inc. DCO and Spirit AeroSystems Holdings, Inc. SPR , all of which have outperformed the industry. Click to get this free report AAR CORP (AIR): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the company expects its supply chain to see strong growth and continued demand in MRO businesses, backed by a strong position in the thriving global aviation services market. | f7264dd5-0c5f-4b2d-9a7c-6e8bb32a0efc |
710215.0 | 2016-12-29 00:00:00 UTC | Raytheon Clinches $304M Navy Contract for Missile Spares | DCO | https://www.nasdaq.com/articles/raytheon-clinches-%24304m-navy-contract-for-missile-spares-2016-12-29 | nan | nan | Raytheon CompanyRTN has won a contract from the U.S. Navy to procure Tomahawk Block IV All-Up-Round vertical launch system missiles and spares.
Details of the Contract
The contract is valued at $303.7 million. It was awarded by the Naval Air Systems Command, Patuxent River, MD.
Per the contract, Raytheon will procure214 missiles and spares for the Navy and spares for the UK government. It consists of99% purchases for the Navy and the remaining 1% for the UK under the foreign military sales (FMS) program.
Work is scheduled to be complete by Aug 2018. Majority of the work will be carried out in Tucson, AZ, while the rest will be executed in various locations across the U.S. The contract will use fiscal 2015 and 2016 weapons procurement (Navy); and FMS funds.
A Brief Note on Tomahawk Block IV
Tomahawk is a long-range, all-weather,subsoniccruise missilenamed after theNative American axe.Interestingly, the Block IVvariant uses a two-way satellite data-link, which allows it to change course mid-flight to reprogrammed targets.The missiles can be launched from surface ships with aVertical Launch System (VLS) as well as fromsubmarines with a Capsule Launch System (CLS).Note that General Dynamics Corp. GD has manufactured some of theTomahawk missiles.
Tomahawk has become an important weapon in the U.S. defense arsenal for its precise capability to take out high-value targetsfrom long distances. These missiles have a range of 1,000 nautical miles (1,150 statute miles).
Our View
Raytheon is one of the best-positioned companies among the large-cap defense players due to its non-platform-centric focus, as well as its strong order bookings and order backlog of more than $35.81 billion at the end of the third quarter of 2016.
Revenue and earnings growth continue to be driven by its strong presence in the areas of Intelligence, Surveillance and Reconnaissance (ISR); air & missile defense systems; border security; air traffic management; training and homeland security; and cyber security. Meanwhile, its non-platform centric business model insulates it from cancellation or deferral of any specific platform programs.
Price Movement
Raytheon's stock has gained about 12.8% in the last one year, underperforming the Zacks Categorized Aerospace-Defense Equipment industry's gain of 14.6%. This could be because Raytheon's dependence on the U.S. government for military contracts and tough competition are putting pressure on its stock price. The company has also put up a weak show in comparison to other major players in the same space like Ducommun Inc. DCO andSpirit AeroSystems Holdings, Inc. SPR , all of which have outperformed the industry.
Zacks Rank
Raytheon currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 (Strong Buy) 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. | The company has also put up a weak show in comparison to other major players in the same space like Ducommun Inc. DCO andSpirit AeroSystems Holdings, Inc. SPR , all of which have outperformed the industry. Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon CompanyRTN has won a contract from the U.S. Navy to procure Tomahawk Block IV All-Up-Round vertical launch system missiles and spares. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. The company has also put up a weak show in comparison to other major players in the same space like Ducommun Inc. DCO andSpirit AeroSystems Holdings, Inc. SPR , all of which have outperformed the industry. Raytheon CompanyRTN has won a contract from the U.S. Navy to procure Tomahawk Block IV All-Up-Round vertical launch system missiles and spares. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. The company has also put up a weak show in comparison to other major players in the same space like Ducommun Inc. DCO andSpirit AeroSystems Holdings, Inc. SPR , all of which have outperformed the industry. Raytheon CompanyRTN has won a contract from the U.S. Navy to procure Tomahawk Block IV All-Up-Round vertical launch system missiles and spares. | The company has also put up a weak show in comparison to other major players in the same space like Ducommun Inc. DCO andSpirit AeroSystems Holdings, Inc. SPR , all of which have outperformed the industry. Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon CompanyRTN has won a contract from the U.S. Navy to procure Tomahawk Block IV All-Up-Round vertical launch system missiles and spares. | f95feca0-7856-42f9-858a-2d7c4a53f877 |
710216.0 | 2016-12-27 00:00:00 UTC | CPI Aerostructures (CVU) Worth a Look: Stock Jumps 10.2% | DCO | https://www.nasdaq.com/articles/cpi-aerostructures-cvu-worth-a-look%3A-stock-jumps-10.2-2016-12-27 | nan | nan | CPI Aerostructures, Inc.CVU was a big mover last session, as the company saw its shares rise over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 39.6% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Friday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
CPI Aerostructures currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
CPI AEROSTRUCTR Price
CPI AEROSTRUCTR Price | CPI AEROSTRUCTR Quote
A better-ranked stock in the same industry is Ducommun Incorporated DCO , carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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. | CPI AEROSTRUCTR Price CPI AEROSTRUCTR Price | CPI AEROSTRUCTR Quote A better-ranked stock in the same industry is Ducommun Incorporated DCO , carrying a Zacks Rank #2 (Buy). Click to get this free report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. CPI Aerostructures, Inc.CVU was a big mover last session, as the company saw its shares rise over 10% on the day. | CPI AEROSTRUCTR Price CPI AEROSTRUCTR Price | CPI AEROSTRUCTR Quote A better-ranked stock in the same industry is Ducommun Incorporated DCO , carrying a Zacks Rank #2 (Buy). Click to get this free report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report DUCOMMUN INC DE (DCO): 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. | CPI AEROSTRUCTR Price CPI AEROSTRUCTR Price | CPI AEROSTRUCTR Quote A better-ranked stock in the same industry is Ducommun Incorporated DCO , carrying a Zacks Rank #2 (Buy). Click to get this free report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Predict to see what others think: Up or Down Zacks' Top Investment Ideas for Long-Term Profit How would you like to see our best recommendations to help you find today's most promising long-term stocks? | CPI AEROSTRUCTR Price CPI AEROSTRUCTR Price | CPI AEROSTRUCTR Quote A better-ranked stock in the same industry is Ducommun Incorporated DCO , carrying a Zacks Rank #2 (Buy). Click to get this free report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. CPI Aerostructures, Inc.CVU was a big mover last session, as the company saw its shares rise over 10% on the day. | 9c3204ac-234a-4b26-89b0-0a36623c35d9 |
710217.0 | 2016-12-22 00:00:00 UTC | AAR Corp (AIR) Q2 Earnings Increase Y/Y, Revenues Decline | DCO | https://www.nasdaq.com/articles/aar-corp-air-q2-earnings-increase-y-y-revenues-decline-2016-12-22 | nan | nan | AAR Corp.AIR reported second-quarter fiscal 2017 earnings of 35 cents per share, up 34.6% from the year-ago figure of 26 cents.
Total Revenue
Net sales came in at $423.8 million in the second quarter of fiscal 2017, down 1.8% from $431.5 million in the year-ago quarter.
Segment Details
In the reported quarter, Aviation Services reported revenues of $346.7 million, down 3.6% year over year due to the impact of the Lake Charles transition and the wind-down of the KC10 Program.
Expeditionary Services garnered revenues of $77.1 million, up 7.2% from $71.9 million in the year-ago quarter.
Highlights of the Release
In the fiscal second quarter, AAR Corp.'s cost of sales declined 4% year over year to $357.6 million.
Selling, general and administrative expenses increased 7.4% to $46.3 million due to investments in new business development.
The company incurred interest expenses of $1.2 million, lower than $1.5 million in the year-ago quarter.
Financial Condition
AAR Corp.'s cash and cash equivalents as of Nov 30, 2016 were $23.0 million, down from $31.2 million as of May 31, 2016.
Net property, plant and equipment were $213.9 million as of Nov 30, 2016, compared with $238.1 million as of May 31, 2016.
As of Nov 30, 2016, total debt increased to $163.3 million from $150.1 million as of May 31, 2016.
Dividend History
During the fiscal second quarter, the company has paid dividends of $2.6 million, or 7.5 cents per share.
Price Movement
During the quarter under review, AAR Corp.'s rate of return was 40.8%, outperforming the Zacks categorized Aerospace/Defense Equipment industry's gain of 7.6%. This could have been because of the company's persistent focus on gradually lowering its debts as well as its expectations of an increase in cash flow driven by strong fundamentals. Being the largest independent MRO provider in North America, the company enjoys a competitive edge over others operating in this space such as Ducommun Inc. DCO , CAE Inc. CAE and Spirit AeroSystems Holdings, Inc. SPR .
Zacks Rank
AAR Corp. currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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. | Being the largest independent MRO provider in North America, the company enjoys a competitive edge over others operating in this space such as Ducommun Inc. DCO , CAE Inc. CAE and Spirit AeroSystems Holdings, Inc. SPR . Click to get this free report AAR CORP (AIR): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. Selling, general and administrative expenses increased 7.4% to $46.3 million due to investments in new business development. | Click to get this free report AAR CORP (AIR): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. Being the largest independent MRO provider in North America, the company enjoys a competitive edge over others operating in this space such as Ducommun Inc. DCO , CAE Inc. CAE and Spirit AeroSystems Holdings, Inc. SPR . Segment Details In the reported quarter, Aviation Services reported revenues of $346.7 million, down 3.6% year over year due to the impact of the Lake Charles transition and the wind-down of the KC10 Program. | Click to get this free report AAR CORP (AIR): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. Being the largest independent MRO provider in North America, the company enjoys a competitive edge over others operating in this space such as Ducommun Inc. DCO , CAE Inc. CAE and Spirit AeroSystems Holdings, Inc. SPR . Total Revenue Net sales came in at $423.8 million in the second quarter of fiscal 2017, down 1.8% from $431.5 million in the year-ago quarter. | Being the largest independent MRO provider in North America, the company enjoys a competitive edge over others operating in this space such as Ducommun Inc. DCO , CAE Inc. CAE and Spirit AeroSystems Holdings, Inc. SPR . Click to get this free report AAR CORP (AIR): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. Total Revenue Net sales came in at $423.8 million in the second quarter of fiscal 2017, down 1.8% from $431.5 million in the year-ago quarter. | 6b815927-2a3d-4dc5-8202-bb8736830239 |
710218.0 | 2016-12-20 00:00:00 UTC | CPI Aerostructures (CVU) Worth a Look: Stock Gains 7.5% | DCO | https://www.nasdaq.com/articles/cpi-aerostructures-cvu-worth-a-look%3A-stock-gains-7.5-2016-12-20 | nan | nan | CPI Aerostructures, Inc.CVU was a big mover last session, as the company saw its shares rise above 7% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 23% in the past one-month time frame.
In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
CPI Aerostructures currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
CPI AEROSTRUCTR Price
CPI AEROSTRUCTR Price | CPI AEROSTRUCTR Quote
A better-ranked Aerospace-Defense Equipment stock is Ducommun Incorporated DCO , which holds a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here .
Is CVU going up? Or down? Predict to see what others think: Up or Down
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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? Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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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. | CPI AEROSTRUCTR Price CPI AEROSTRUCTR Price | CPI AEROSTRUCTR Quote A better-ranked Aerospace-Defense Equipment stock is Ducommun Incorporated DCO , which holds a Zacks Rank #2 (Buy). Click to get this free report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. CPI Aerostructures, Inc.CVU was a big mover last session, as the company saw its shares rise above 7% on the day. | CPI AEROSTRUCTR Price CPI AEROSTRUCTR Price | CPI AEROSTRUCTR Quote A better-ranked Aerospace-Defense Equipment stock is Ducommun Incorporated DCO , which holds a Zacks Rank #2 (Buy). Click to get this free report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report DUCOMMUN INC DE (DCO): 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. | CPI AEROSTRUCTR Price CPI AEROSTRUCTR Price | CPI AEROSTRUCTR Quote A better-ranked Aerospace-Defense Equipment stock is Ducommun Incorporated DCO , which holds a Zacks Rank #2 (Buy). Click to get this free report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report DUCOMMUN INC DE (DCO): 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. | CPI AEROSTRUCTR Price CPI AEROSTRUCTR Price | CPI AEROSTRUCTR Quote A better-ranked Aerospace-Defense Equipment stock is Ducommun Incorporated DCO , which holds a Zacks Rank #2 (Buy). Click to get this free report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. CPI Aerostructures, Inc.CVU was a big mover last session, as the company saw its shares rise above 7% on the day. | f930eb0d-104e-40f1-9018-fb900a5e6085 |
710219.0 | 2016-12-16 00:00:00 UTC | Raytheon Wins $459M Contract for Secure Voice Transmission | DCO | https://www.nasdaq.com/articles/raytheon-wins-%24459m-contract-for-secure-voice-transmission-2016-12-16 | nan | nan | Defense behemoth Raytheon CompanyRTN recently secured a foreign military sales (FMS) contract for full-rate production of VINSON/Advanced Narrowband Digital Voice Terminal (ANDVT) Cryptographic Modernization (VACM) program. This deal has originated from a sole-source acquisition.
Details of the Deal
Valued at $459 million, this contract was awarded by the Air Force Life Cycle Management Center, Joint Base San Antonio - Lackland, TX. Raytheon will utilize procurement funds of 2015, 2016 and 2017 for this contract.
Per the terms of the deal, VACM End Cryptographic Unit (ECU) will maintain function and capability of the existing VINSON and ANDVT ECUs to the extent allowed by the National Security Agency. Work related to this contract will be carried out in Fort Wayne, Indiana and Largo, FL; and is scheduled to be over by Dec 15, 2021.
What is ANDVT?
ANDVT is a secure voice terminal that is used for low bandwidth secure voice communications throughout the U.S. Department of Defense (DoD). On the other hand, VINSON is a family of voice encryption devices used by the U.S. and allied military and law enforcement, which offer tactical secure voice on UHF and VHF line of sight (LOS), UHF SATCOM communication and tactical phone systems.
Otherwise known as VACM, the VINSON/ANDVT Crypto Modernization program is a highly competitive project that is user-friendly and has set new standards for encryption performance. Raytheon's cost-efficient cryptographic module, incorporated in the VACM program, facilitates safe transmission of voice and data traffic as well as maintains security parameters for smooth communication of encrypted information.
Our View
With the U.S. fiscal 2016 bill focusing on cyber programs, cyber-oriented work is expected to yield solid growth going forward. Raytheon is a technology leader in the U.S. defense, homeland security and markets of foreign allies to the U.S. It also holds a strong position in the cyber security solution space.
In the third quarter of 2016, Forcepoint, Raytheon's cybersecurity product business recorded sales growth of 31%. Given the rapid digitization in the world, the company is consistently updating its strategic plans to address key areas of the ever-expanding cybersecurity market, where it believes to have a strong leadership potential. Accordingly, we expect the aforementioned contract to substantially boost Raytheon's cybersecurity business.
Price Movement
Raytheon's dependence on the U.S. government for military contracts, tough competition and political uncertainty are exerting pressure on its stock price. That could be why Raytheon's stock gained about 11.9% over the last one year, underperforming the Zacks categorized Aerospace-Defense Equipment industry's gain of 15.5%. The company has also put up a weak show in comparison to other major players in the same space like Northrop Grumman Corp NOC , Ducommun Inc. DCO and Lockheed Martin Corp LMT , all of which outperformed the industry.
Zacks Rank
Raytheon carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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. | The company has also put up a weak show in comparison to other major players in the same space like Northrop Grumman Corp NOC , Ducommun Inc. DCO and Lockheed Martin Corp LMT , all of which outperformed the industry. Click to get this free report NORTHROP GRUMMN (NOC): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Defense behemoth Raytheon CompanyRTN recently secured a foreign military sales (FMS) contract for full-rate production of VINSON/Advanced Narrowband Digital Voice Terminal (ANDVT) Cryptographic Modernization (VACM) program. | The company has also put up a weak show in comparison to other major players in the same space like Northrop Grumman Corp NOC , Ducommun Inc. DCO and Lockheed Martin Corp LMT , all of which outperformed the industry. Click to get this free report NORTHROP GRUMMN (NOC): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Defense behemoth Raytheon CompanyRTN recently secured a foreign military sales (FMS) contract for full-rate production of VINSON/Advanced Narrowband Digital Voice Terminal (ANDVT) Cryptographic Modernization (VACM) program. | Click to get this free report NORTHROP GRUMMN (NOC): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. The company has also put up a weak show in comparison to other major players in the same space like Northrop Grumman Corp NOC , Ducommun Inc. DCO and Lockheed Martin Corp LMT , all of which outperformed the industry. Defense behemoth Raytheon CompanyRTN recently secured a foreign military sales (FMS) contract for full-rate production of VINSON/Advanced Narrowband Digital Voice Terminal (ANDVT) Cryptographic Modernization (VACM) program. | The company has also put up a weak show in comparison to other major players in the same space like Northrop Grumman Corp NOC , Ducommun Inc. DCO and Lockheed Martin Corp LMT , all of which outperformed the industry. Click to get this free report NORTHROP GRUMMN (NOC): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Defense behemoth Raytheon CompanyRTN recently secured a foreign military sales (FMS) contract for full-rate production of VINSON/Advanced Narrowband Digital Voice Terminal (ANDVT) Cryptographic Modernization (VACM) program. | 2478ebbf-1e69-4437-aa00-9f6ea1435a6b |
710220.0 | 2016-12-13 00:00:00 UTC | 4 Defense Stocks to Buy on the Dip After Trump's Comments | DCO | https://www.nasdaq.com/articles/4-defense-stocks-to-buy-on-the-dip-after-trumps-comments-2016-12-13 | nan | nan | President-elect Donald Trump seems to be waging a war on defense contractors of late. In yesterday's Twitter post, Trump called Lockheed Martin Corp. 's LMT F-35 an 'out of control' cost project. This caused a sudden sell-off in the company's shares, resulting in a 2.5% decline in the stock price.
Note that this is the second time that a defense prime has been criticized for allegedly high project costs by this real estate mogul. Last week, Trump slammed the Boeing Company BA on Twitter for developing a highly expensive version of the Air Force One and urged the federal government to cancel its order with Boeing for the jets owing to ' out of control ' expenses.
Trump's startling victory in the Presidential election had sent the majority of defense stocks rallying in November, based on the hawkish comments he made about military spending during his campaigns. However, the optimism has disappeared given the President-elect's recent comments.
In fact, these comments led the defense stocks to stumble and in turn nearly 1% drop was observed in both the S&P 500 Aerospace & Defense (Industry) and the Dow Jones U.S. Aerospace & Defense Indices.
On the bright side, defense is essentially a non-cyclical sector, which enabled it to remain mostly stable over the years. So, it is probably safe to assume that the ongoing turmoil in the sector is going to be short lived. This means that now would be a good time to pick a few stocks from this industry, given that they will not only be trading cheap but will also have a high growth potential for the long run.
Stocks to Pick
Here, we have selected four stocks from the defense space, all of which have witnessed a decline of 2% or more in their share price over the last week. However, they all carry a Zacks Rank # 2 (Buy) or #3 (Hold) and a VGM Score of 'A' or 'B,' and have scored a positive earnings surprise in last reported quarter.
Ducommun Inc.DCO
This Carson, CA-based company offers innovative manufacturing solutions for customers in the aerospace, defense and industrial markets. It has a Zacks Rank #2 and VGM Score of 'A.' You can see the complete list of today's Zacks #1 Rank stocks here .
Moreover, the company delivered a positive earnings surprise of 15.79% in the last reported quarter. Ducommun's stock has lost 3.6% over the last week and 2.3% in the last trading session.
Lockheed Martin Corp.
This Bethesda, MD-based corporation is the Pentagon's largest defense contractor. It has a Zacks Rank #3 and a VGM Score of 'B'. In the prior quarter, the company delivered a positive earnings surprise of 26.22%. Lockheed Martin's stock slipped 2.9% during the last week and 2.5% in the last trading session.
Kratos Defense & Security Solutions, Inc.KTOS
This San-Diego, CA-based company is a mid-tier government contractor, which focuses on unmanned systems, satellite communications, microwave electronics, cyber security/warfare, missile defense and combat systems. It has a Zacks Rank #3 and a VGM Score of 'B'. In the previous quarter, the company delivered a positive earnings surprise of 114.29%. Kratos Defense's stock dipped 2.8% during the last week and 0.4% in the last trading session.
Raytheon CompanyRTN
This Waltham, MA-based company is a technology and innovation leader that specializes in defense, civil government and cybersecurity solutions. It has a Zacks Rank #3 and a VGM Score of 'B.' Further, in the last reported quarter, the company delivered a positive earnings surprise of 9.15%. On the other hand, Raytheon's stock had deteriorated 2% during the last week and 1.7% in the last trading session.
Conclusion
The stage is set for a likely hike in interest rates by the Federal Reserve, with a Federal Open Market Committee (FOMC) meeting scheduled for tomorrow. Note that the Fed considers raising interest rates only when the economy exhibits strength, which is evident from an increased real GDP in the third quarter, low unemployment rate in recent times and an improving U.S. dollar.
Favorable economic conditions would surely provide a major boost to defense companies in the country. Importantly, it would indicate that the impact of Trump's comments is only momentary.
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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. | Ducommun Inc.DCO This Carson, CA-based company offers innovative manufacturing solutions for customers in the aerospace, defense and industrial markets. Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Trump's startling victory in the Presidential election had sent the majority of defense stocks rallying in November, based on the hawkish comments he made about military spending during his campaigns. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc.DCO This Carson, CA-based company offers innovative manufacturing solutions for customers in the aerospace, defense and industrial markets. In yesterday's Twitter post, Trump called Lockheed Martin Corp. 's LMT F-35 an 'out of control' cost project. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc.DCO This Carson, CA-based company offers innovative manufacturing solutions for customers in the aerospace, defense and industrial markets. In fact, these comments led the defense stocks to stumble and in turn nearly 1% drop was observed in both the S&P 500 Aerospace & Defense (Industry) and the Dow Jones U.S. Aerospace & Defense Indices. | Ducommun Inc.DCO This Carson, CA-based company offers innovative manufacturing solutions for customers in the aerospace, defense and industrial markets. Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Pick Here, we have selected four stocks from the defense space, all of which have witnessed a decline of 2% or more in their share price over the last week. | 443f72db-1e69-4739-af4f-83d915bb19a8 |
710221.0 | 2016-12-09 00:00:00 UTC | Ducommun Stock: 3 Reasons Why DCO Is a Top Choice for Value Investors | DCO | https://www.nasdaq.com/articles/ducommun-stock%3A-3-reasons-why-dco-is-a-top-choice-for-value-investors-2016-12-09 | nan | nan | Many investors like to look for value in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for value investors in the near term.
This method discovered several great candidates for value-oriented investors, but today let's focus on Ducommun Inc. DCO as this stock is looking especially impressive right now. And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for DCO's status as a solid value stock below:
Forward PE for Ducommun
Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. Generally speaking, value investors like to see this ratio below 20, though it can vary by industry.
Right now, DCO has a forward PE of just 19.61, which means that investors are paying $19.61 for each dollar in expected Ducommun earnings this year. Compared to the industry at large this is pretty favorable as the overall space has an average PE of 19.99 in comparison.
DUCOMMUN INC DE PE Ratio (TTM)
DUCOMMUN INC DE PE Ratio (TTM) | DUCOMMUN INC DE Quote
Price to Forward Sales for Ducommun
One of the most underrated ratios for value investors is the price/forward sales metric. This ratio shows investors how much they are paying for each dollar of revenues generated. In other words, a lower number is better here while a price to sales ratio of 1 means that you are paying one dollar for each dollar in sales.
With a P/S ratio of 0.58, DCO investors are paying 58 cents in stock price for each dollar of revenue generated by the company. Compare this to the industry average of 1.47, and it is safe to say that DCO is undervalued compared to many of its peers on this important metric.
DCO Earnings Estimate Revisions Moving in the Right Direction
The solid value ratios outlined in the preceding paragraphs might be enough for some investors, but we should also note that the earnings estimate revisions have been trending in a positive direction as well. Analysts who follow DCO stock have been raising their estimates for the company lately, meaning that the EPS picture is looking a bit more favorably for Ducommun now.
Over the past 60 days, the consensus estimate for current year has seen a boost, as 60 days ago DCO was expected to post earnings of $1.39 per share for the full year, though today it looks to have EPS of $1.45 for the full year.
Bottom Line
For the reasons detailed above, investors shouldn't be surprised to read that we have DCO as a stock with a Value Score of 'A' and a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
So if you are a value investor, definitely keep DCO on your short list as this looks to be a stock that is very well-positioned for gains in the near term.
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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. | Analysts who follow DCO stock have been raising their estimates for the company lately, meaning that the EPS picture is looking a bit more favorably for Ducommun now. Bottom Line For the reasons detailed above, investors shouldn't be surprised to read that we have DCO as a stock with a Value Score of 'A' and a Zacks Rank #2 (Buy). This method discovered several great candidates for value-oriented investors, but today let's focus on Ducommun Inc. DCO as this stock is looking especially impressive right now. | And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for DCO's status as a solid value stock below: Forward PE for Ducommun Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. This method discovered several great candidates for value-oriented investors, but today let's focus on Ducommun Inc. DCO as this stock is looking especially impressive right now. Right now, DCO has a forward PE of just 19.61, which means that investors are paying $19.61 for each dollar in expected Ducommun earnings this year. | And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for DCO's status as a solid value stock below: Forward PE for Ducommun Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. This method discovered several great candidates for value-oriented investors, but today let's focus on Ducommun Inc. DCO as this stock is looking especially impressive right now. Right now, DCO has a forward PE of just 19.61, which means that investors are paying $19.61 for each dollar in expected Ducommun earnings this year. | Right now, DCO has a forward PE of just 19.61, which means that investors are paying $19.61 for each dollar in expected Ducommun earnings this year. Over the past 60 days, the consensus estimate for current year has seen a boost, as 60 days ago DCO was expected to post earnings of $1.39 per share for the full year, though today it looks to have EPS of $1.45 for the full year. This method discovered several great candidates for value-oriented investors, but today let's focus on Ducommun Inc. DCO as this stock is looking especially impressive right now. | df7f6f77-0b45-45fc-ae03-fc054731d5b5 |
710222.0 | 2016-10-07 00:00:00 UTC | Triumph Divests Aerospace-Systems Newport News to Calspan | DCO | https://www.nasdaq.com/articles/triumph-divests-aerospace-systems-newport-news-to-calspan-2016-10-07 | nan | nan | Triumph Group, Inc.TGI announced that its subsidiary, Triumph Aerospace-Systems Newport News, Inc., was acquired by Calspan Holdings, the parent company of Cheektowaga-based Calspan Corp. The deal was completed on Sep 30. However, the value of the deal was kept under wraps.
Details of the Transaction
Under the agreement, Triumph Aerospace-Systems will hereafter be referred to as Calspan Systems Corp. Calspan Holdings intends to combine Triumph Aerospace-Systems with its research and development portfolio due to the similarity in their operations. Moreover, the acquisition is expected to boost Calspan Holdings' position in the thriving aerospace engineering, testing and designing markets.
Rationale Behind the Sale
The sale came as part of management's efforts on streamlining the company's business structure to reduce costs and support its "go-to-market strategies." The divestment will also aid the company to focus better on its core businesses and improve efficiency in the process.
TRIUMPH GRP INC Price
TRIUMPH GRP INC Price | TRIUMPH GRP INC Quote
About Triumph Group
Triumph Group offers a variety of products and services to the aerospace industry. Notably, Triumph Aerospace-Systems specializes in engineering and manufacturing of complex hardware and prototype systems for ground test and flight applications. These systems are used in various high-tech fields, including the aerospace industry. For the fiscal year ended Mar 31, 2016, Triumph Aerospace-Systems has contributed nearly $18 million to the company's net sales.
Zacks Rank & Key Picks
Triumph Group currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the aerospace sector include CAE Inc. CAE , Ducommun Inc. DCO and Spirit AeroSystems Holdings, Inc. SPR . All the three stocks sport a Zacks Rank#1(Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here .
CAE has delivered an average positive earnings surprise of 10.6% in the trailing four quarters.
Ducommun has witnessed an increase of 1.5% and 4.3% in the Zacks Consensus Estimate for earnings for 2016 and 2017, respectively, over the last 60 days.
Spirit AeroSystems has delivered an average positive earnings surprise of 8.2% 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. | Some better-ranked stocks in the aerospace sector include CAE Inc. CAE , Ducommun Inc. DCO and Spirit AeroSystems Holdings, Inc. SPR . Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the acquisition is expected to boost Calspan Holdings' position in the thriving aerospace engineering, testing and designing markets. | Some better-ranked stocks in the aerospace sector include CAE Inc. CAE , Ducommun Inc. DCO and Spirit AeroSystems Holdings, Inc. SPR . Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. TRIUMPH GRP INC Price TRIUMPH GRP INC Price | TRIUMPH GRP INC Quote About Triumph Group Triumph Group offers a variety of products and services to the aerospace industry. | Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the aerospace sector include CAE Inc. CAE , Ducommun Inc. DCO and Spirit AeroSystems Holdings, Inc. SPR . TRIUMPH GRP INC Price TRIUMPH GRP INC Price | TRIUMPH GRP INC Quote About Triumph Group Triumph Group offers a variety of products and services to the aerospace industry. | Some better-ranked stocks in the aerospace sector include CAE Inc. CAE , Ducommun Inc. DCO and Spirit AeroSystems Holdings, Inc. SPR . Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. Triumph Group, Inc.TGI announced that its subsidiary, Triumph Aerospace-Systems Newport News, Inc., was acquired by Calspan Holdings, the parent company of Cheektowaga-based Calspan Corp. | 28adb9d9-f856-4950-a3b8-7d894ab261c5 |
710223.0 | 2016-10-06 00:00:00 UTC | AAR Corp (AIR) Hits 52-Week High on Strong Market Position | DCO | https://www.nasdaq.com/articles/aar-corp-air-hits-52-week-high-on-strong-market-position-2016-10-06 | nan | nan | Shares of AAR Corp.AIR scaled a new 52-week high of $31.77 in Wednesday's trading session before closing at $31.69.The stock has delivered a one-year return of about 48.6%.
Over the past 52 weeks, AAR Corp.'s shares have ranged from a low of $18.36 on Feb 11, 2016 to a high of $31.77 on Oct 5, 2016. The average volume of shares traded over the last three months is 253,729.
What's Driving the Stock?
Rising air traffic, attributable to increased business activities, is expected to accelerate maintenance spending on aircraft significantly, thereby propelling the Maintenance, Repair and Overhaul ("MRO") services growth cycle. Presently, AAR Corp. is the largest independent MRO provider in North America. The company expects its supply chain to see strong growth and continued demand in the MRO businesses driven by its solid foothold in the global aviation services market.
AAR CORP Price and Consensus
AAR CORP Price and Consensus | AAR CORP Quote
In fiscal 2017, the company expects Aviation Services to benefit from its strong position in the growing global aviation market. The company expects to see favorable order trends from commercial customers and government for comprehensive supply chain and maintenance programs, as these customers continue to devise new ways to reduce their operating cost structure.
During first-quarter fiscal 2017, Aviation Services segment bagged an impressive number of contracts. It was awarded a few contracts from Enter Air and Flydubai for power-by-the-hour module inventory management and repair services for over 70 737-series aircraft.
Moreover, AAR Corp. has entered into an agreement with Asiana Airlines to provide services for landing gear repair at its Miami Landing Gear facility. The company has clinched another contract from CommutAir for component repair and supply chain services for the latter's fleet of 40 ERJ 145s.
Zacks Rank & Other Key Picks
AAR Corp. sports a Zacks Rank #1 (Strong Buy). Other favorably placed stocks in the same space include Ducommun Inc. DCO , CAE Inc. CAE and Aerojet Rocketdyne Holdings, Inc. AJRD .
Ducommun, another Zacks Rank #1 stock, has seen one upward estimate revision for 2016 over the last 60 days.
CAE has witnessed four upward estimate revisions for fiscal 2017 over the last 60 days. The stock carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Aerojet Rocketdyne has seen one upward estimate revision for 2016 over the last 60 days. The company carries a Zacks Rank #2.
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AAR CORP (AIR): Free Stock Analysis Report
DUCOMMUN INC DE (DCO): Free Stock Analysis Report
CAE INC (CAE): Free Stock Analysis Report
AEROJET ROCKETD (AJRD): 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 favorably placed stocks in the same space include Ducommun Inc. DCO , CAE Inc. CAE and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report AAR CORP (AIR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of AAR Corp.AIR scaled a new 52-week high of $31.77 in Wednesday's trading session before closing at $31.69.The stock has delivered a one-year return of about 48.6%. | Click to get this free report AAR CORP (AIR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Other favorably placed stocks in the same space include Ducommun Inc. DCO , CAE Inc. CAE and Aerojet Rocketdyne Holdings, Inc. AJRD . AAR CORP Price and Consensus AAR CORP Price and Consensus | AAR CORP Quote In fiscal 2017, the company expects Aviation Services to benefit from its strong position in the growing global aviation market. | Click to get this free report AAR CORP (AIR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Other favorably placed stocks in the same space include Ducommun Inc. DCO , CAE Inc. CAE and Aerojet Rocketdyne Holdings, Inc. AJRD . AAR CORP Price and Consensus AAR CORP Price and Consensus | AAR CORP Quote In fiscal 2017, the company expects Aviation Services to benefit from its strong position in the growing global aviation market. | Other favorably placed stocks in the same space include Ducommun Inc. DCO , CAE Inc. CAE and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report AAR CORP (AIR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of AAR Corp.AIR scaled a new 52-week high of $31.77 in Wednesday's trading session before closing at $31.69.The stock has delivered a one-year return of about 48.6%. | 0b3945c0-a876-4898-8089-ff706816f133 |
710224.0 | 2016-10-04 00:00:00 UTC | Zacks.com featured highlights: Ducommun, Argan, Hallador Energy, TDK and Lakeland Industries | DCO | https://www.nasdaq.com/articles/zacks.com-featured-highlights%3A-ducommun-argan-hallador-energy-tdk-and-lakeland-industries | nan | nan | For Immediate Release
Chicago , IL - October 04, 2016 - Stocks in this week's article include: Ducommun Inc. (NYSE: DCO - Free Report ), Argan, Inc. (NYSE: AGX - Free Report ), Hallador Energy Company (NASDAQ: HNRG - Free Report ), TDK Corporation (OTCMKTS: TTDKY - Free Report ) and Lakeland Industries Inc. (NASDAQ: LAKE - Free Report ) .
Screen of the Week of Zacks Investment Research:
Bet on 5 Stocks with Increasing Cash Flows Ahead of Q3
Crunching profit numbers and evaluating surprises are what investors most commonly do in their pursuit of big gains. However, what is far more rewarding is an assessment of a company's cash position because that indicates its true financial health.
In fact, even a profit-making company can end up with a dearth of cash flow, consequently fail to meet its obligations and ultimately file for bankruptcy if its profits are not channelized in the right direction. But a company can weather any market mayhem and still be on the growth track if it has sufficient cash flows.
This is because, cash gives a company the flexibility to make decisions, the means to make potential investments and the fuel to run its growth engine. It is indeed the key for its existence, development and success.
Obviously, cash flows in and out, but net cash flow indicates how much money the company is actually generating or burning. Positive cash flow indicates enhanced liquidity, giving the company more means for debt repayment, expenses, dividend payouts, stock buyback and finally reinvestment in business. On the other hand, a negative cash flow implies that a company's liquid assets are decreasing, resulting in reduced flexibility to support these moves.
However, positive cash flow alone is not adequate to predict a company's future growth. If the cash flow is increasing over time, it indicates that a company's competency in growing because rising cash flow implies management's efficiency in regulating its cash movements, reaping more money from its business, depending less on outside financing and finally its improving fundamentals.
Ahead of the Q3 earnings season, keep yourself ready with the following screen to bet on stocks with rising cash flows.
Screening Parameters:
To find out stocks that have seen increasing cash flow over time, we ran the screen for those whose cash flow in the latest reported quarter was at least equal to or greater than the 5-year average cash flow per common share . This implies a positive trend and increasing cash over a period of time.
In addition to this, we chose:
Zacks Rank 1 : No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. You can see the complete list of today's Zacks #1 Rank stocks here .
Average Broker Rating 1 : This indicates that brokers are also highly hopeful about the company's future performance.
Current Price greater than or equal to $5 : This sieves out low-priced stocks.
VGM Scoreof B or better : This score is also of great assistance in selecting stocks. Importantly, this scoring system helps in picking the winning stocks in their individual industry categories.
Here are five of the 11 stocks that made it through the screen:
Ducommun Inc. (NYSE: DCO - Free Report ) , headquartered in Carson, CA, manufactures components and assemblies principally for domestic and foreign commercial and military aircraft, and space programs. The company came up with an earnings surprise of 21.43% in the second quarter ended Jul 2, 2016, and experienced a rise in estimates over the past two months. Ducommun has a VGM score of A.
Argan, Inc. (NYSE: AGX - Free Report ) , headquartered in Rockville, MD, through its subsidiaries, offers a full range of services to the power industry including engineering, procurement and construction, commissioning, operations management, maintenance, project development and consulting services. Also, the company provides telecommunications infrastructure services, integrated fabrication, construction and plant services through its subsidiaries.
Argan has a VGM score of A. It came up with an earnings surprise of 84.29% in the fiscal second quarter ended Jul 31, 2016, and its estimates for the current fiscal year moved north in the past one month.
Hallador Energy Company (NASDAQ: HNRG - Free Report ) , through its wholly owned subsidiary, Sunrise Coal, LLC, is engaged in the production of coal in the Illinois Basin for the electric power generation industry. The company is headquartered in Denver, CO and has a VGM score of A. It experienced a rise in estimates over the past two months.
TDK Corporation (OTCMKTS: TTDKY - Free Report ) is a Tokyo-based manufacturer and seller of electronic components. The company has a VGM score of A.
Lakeland Industries Inc. (NASDAQ: LAKE - Free Report ) is engaged in manufacturing and selling of a full range of safety garments and accessories for the industrial protective clothing market. The company has a VGM score of B and experienced a rise in estimates over the past one month.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance.
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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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. | Here are five of the 11 stocks that made it through the screen: Ducommun Inc. (NYSE: DCO - Free Report ) , headquartered in Carson, CA, manufactures components and assemblies principally for domestic and foreign commercial and military aircraft, and space programs. For Immediate Release Chicago , IL - October 04, 2016 - Stocks in this week's article include: Ducommun Inc. (NYSE: DCO - Free Report ), Argan, Inc. (NYSE: AGX - Free Report ), Hallador Energy Company (NASDAQ: HNRG - Free Report ), TDK Corporation (OTCMKTS: TTDKY - Free Report ) and Lakeland Industries Inc. (NASDAQ: LAKE - Free Report ) . Get the full Report on DCO - FREE Get the full Report on AGX - FREE Get the full Report on HNRG - FREE Get the full Report on TTDKY - FREE Get the full Report on LAKE - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. | For Immediate Release Chicago , IL - October 04, 2016 - Stocks in this week's article include: Ducommun Inc. (NYSE: DCO - Free Report ), Argan, Inc. (NYSE: AGX - Free Report ), Hallador Energy Company (NASDAQ: HNRG - Free Report ), TDK Corporation (OTCMKTS: TTDKY - Free Report ) and Lakeland Industries Inc. (NASDAQ: LAKE - Free Report ) . Get the full Report on DCO - FREE Get the full Report on AGX - FREE Get the full Report on HNRG - FREE Get the full Report on TTDKY - FREE Get the full Report on LAKE - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report TDK CORP-ADS (TTDKY): Free Stock Analysis Report LAKELAND INDS (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here. | For Immediate Release Chicago , IL - October 04, 2016 - Stocks in this week's article include: Ducommun Inc. (NYSE: DCO - Free Report ), Argan, Inc. (NYSE: AGX - Free Report ), Hallador Energy Company (NASDAQ: HNRG - Free Report ), TDK Corporation (OTCMKTS: TTDKY - Free Report ) and Lakeland Industries Inc. (NASDAQ: LAKE - Free Report ) . Get the full Report on DCO - FREE Get the full Report on AGX - FREE Get the full Report on HNRG - FREE Get the full Report on TTDKY - FREE Get the full Report on LAKE - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report TDK CORP-ADS (TTDKY): Free Stock Analysis Report LAKELAND INDS (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here. | For Immediate Release Chicago , IL - October 04, 2016 - Stocks in this week's article include: Ducommun Inc. (NYSE: DCO - Free Report ), Argan, Inc. (NYSE: AGX - Free Report ), Hallador Energy Company (NASDAQ: HNRG - Free Report ), TDK Corporation (OTCMKTS: TTDKY - Free Report ) and Lakeland Industries Inc. (NASDAQ: LAKE - Free Report ) . Here are five of the 11 stocks that made it through the screen: Ducommun Inc. (NYSE: DCO - Free Report ) , headquartered in Carson, CA, manufactures components and assemblies principally for domestic and foreign commercial and military aircraft, and space programs. Get the full Report on DCO - FREE Get the full Report on AGX - FREE Get the full Report on HNRG - FREE Get the full Report on TTDKY - FREE Get the full Report on LAKE - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. | 2c58c816-a3c4-46e7-b15e-2274e00006af |
710225.0 | 2016-10-03 00:00:00 UTC | Bet on 5 Stocks With Increasing Cash Flows Ahead of Q3 | DCO | https://www.nasdaq.com/articles/bet-on-5-stocks-with-increasing-cash-flows-ahead-of-q3-2016-10-03 | nan | nan | Crunching profit numbers and evaluating surprises are what investors most commonly do in their pursuit of big gains. However, what is far more rewarding is an assessment of a company's cash position because that indicates its true financial health.
In fact, even a profit-making company can end up with a dearth of cash flow, consequently fail to meet its obligations and ultimately file for bankruptcy if its profits are not channelized in the right direction. But a company can weather any market mayhem and still be on the growth track if it has sufficient cash flows.
This is because, cash gives a company the flexibility to make decisions, the means to make potential investments and the fuel to run its growth engine. It is indeed the key for its existence, development and success.
Obviously, cash flows in and out, but net cash flow indicates how much money the company is actually generating or burning. Positive cash flow indicates enhanced liquidity, giving the company more means for debt repayment, expenses, dividend payouts, stock buyback and finally reinvestment in business. On the other hand, a negative cash flow implies that a company's liquid assets are decreasing, resulting in reduced flexibility to support these moves.
However, positive cash flow alone is not adequate to predict a company's future growth. If the cash flow is increasing over time, it indicates that a company's competency in growing because rising cash flow implies management's efficiency in regulating its cash movements, reaping more money from its business, depending less on outside financing and finally its improving fundamentals.
Ahead of the Q3 earnings season, keep yourself ready with the following screen to bet on stocks with rising cash flows.
Screening Parameters:
To find out stocks that have seen increasing cash flow over time, we ran the screen for those whose cash flow in the latest reported quarter was at least equal to or greater than the 5-year average cash flow per common share . This implies a positive trend and increasing cash over a period of time.
In addition to this, we chose:
Zacks Rank 1 : No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. You can see the complete list of today's Zacks #1 Rank stocks here .
Average Broker Rating 1 : This indicates that brokers are also highly hopeful about the company's future performance.
Current Price greater than or equal to $5 : This sieves out low-priced stocks.
VGM Scoreof B or better : This score is also of great assistance in selecting stocks. Importantly, this scoring system helps in picking the winning stocks in their individual industry categories.
Here are five of the 11 stocks that made it through the screen:
Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies principally for domestic and foreign commercial and military aircraft, and space programs. The company came up with an earnings surprise of 21.43% in the second quarter ended Jul 2, 2016, and experienced a rise in estimates over the past two months. Ducommun has a VGM score of A.
Argan, Inc.AGX , headquartered in Rockville, MD, through its subsidiaries, offers a full range of services to the power industry including engineering, procurement and construction, commissioning, operations management, maintenance, project development and consulting services. Also, the company provides telecommunications infrastructure services, integrated fabrication, construction and plant services through its subsidiaries.
Argan has a VGM score of A. It came up with an earnings surprise of 84.29% in the fiscal second quarter ended Jul 31, 2016, and its estimates for the current fiscal year moved north in the past one month.
Hallador Energy CompanyHNRG , through its wholly owned subsidiary, Sunrise Coal, LLC, is engaged in the production of coal in the Illinois Basin for the electric power generation industry. The company is headquartered in Denver, CO and has a VGM score of A. It experienced a rise in estimates over the past two months.
TDK CorporationTTDKY is a Tokyo-based manufacturer and seller of electronic components. The company has a VGM score of A.
Lakeland Industries Inc.LAKE is engaged in manufacturing and selling of a full range of safety garments and accessories for the industrial protective clothing market. The company has a VGM score of B and experienced a rise in estimates over the past one month.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance .
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it 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
DUCOMMUN INC DE (DCO): Free Stock Analysis Report
ARGAN INC (AGX): Free Stock Analysis Report
HALLADOR ENERGY (HNRG): Free Stock Analysis Report
TDK CORP-ADS (TTDKY): Free Stock Analysis Report
LAKELAND INDS (LAKE): 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. | Here are five of the 11 stocks that made it through the screen: Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies principally for domestic and foreign commercial and military aircraft, and space programs. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report TDK CORP-ADS (TTDKY): Free Stock Analysis Report LAKELAND INDS (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, even a profit-making company can end up with a dearth of cash flow, consequently fail to meet its obligations and ultimately file for bankruptcy if its profits are not channelized in the right direction. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report TDK CORP-ADS (TTDKY): Free Stock Analysis Report LAKELAND INDS (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here. Here are five of the 11 stocks that made it through the screen: Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies principally for domestic and foreign commercial and military aircraft, and space programs. Screening Parameters: To find out stocks that have seen increasing cash flow over time, we ran the screen for those whose cash flow in the latest reported quarter was at least equal to or greater than the 5-year average cash flow per common share . | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report TDK CORP-ADS (TTDKY): Free Stock Analysis Report LAKELAND INDS (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here. Here are five of the 11 stocks that made it through the screen: Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies principally for domestic and foreign commercial and military aircraft, and space programs. If the cash flow is increasing over time, it indicates that a company's competency in growing because rising cash flow implies management's efficiency in regulating its cash movements, reaping more money from its business, depending less on outside financing and finally its improving fundamentals. | Here are five of the 11 stocks that made it through the screen: Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies principally for domestic and foreign commercial and military aircraft, and space programs. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report TDK CORP-ADS (TTDKY): Free Stock Analysis Report LAKELAND INDS (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here. Obviously, cash flows in and out, but net cash flow indicates how much money the company is actually generating or burning. | 5cb5a340-e553-4074-9ddf-0eb5a0184677 |
710226.0 | 2016-09-29 00:00:00 UTC | Lockheed's Sikorsky Wins $277M Army Deal for Blackhawks | DCO | https://www.nasdaq.com/articles/lockheeds-sikorsky-wins-%24277m-army-deal-for-blackhawks-2016-09-29 | nan | nan | Defense major Lockheed Martin Corp. 's LMT business unit, Sikorsky Aircraft recently secured a contract from the U.S. Army for the sale of six UH-60M Black Hawk helicopters to the Taiwan government. Notably, these six choppers have been uniquely configured to serve the Taiwan National Airborne Service Corp.
Details of this Deal
Valued at $148.7 million, this foreign military sales (FMS) contract was awarded by the Army Contracting Command, Redstone Arsenal, AL.
The contract will utilize fiscal 2016 other funds to finance the work. Work, to be executed in Stratford, CT, is scheduled to be complete by Dec 31, 2021.
LOCKHEED MARTIN Price
LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote
Other Similar Contracts
In recent times, Lockheed has won several other contracts from the U.S. Army for the same product line. Sikorky clinched another FMS contract for four UH-60M Blackhawk aircraft for the Tunisian government. These uniquely modified choppers will offer support to the Tunisian Ministry of National Defense. Valued at $38.4 million, the contract too was awarded by the Army Contracting Command.
The contract will also utilize fiscal 2016 other funds. Work is scheduled to be complete by Apr 30, 2020 and will be carried out in Stratford.
Sikorky has grabbed another deal, worth $90.2 million for offering non-personal technical field service for the UH-60 Blackhawk choppers. This takes the total value of the three contracts to $277.3 million.
The contracting activity is the same as that of the previous contracts. Work will be over by Sep 26, 2021. However, details of funding and work location for this contract have not been disclosed yet, and will be determined with individual order.
A Brief Note on Blackhawk
Originally developed and manufactured by Sikorsky, the Blackhawk helicopter has been the work-horse for the U.S. Army, performing multi-mission tactical operations since 1978. There are numerous variants of this product line, which has been successfully serving the nation as well as foreign governments.
While UH-60 is one of the legacy Blackhawk models, UH-60M is a modified version of this family of copters. It is a twin-engine, medium-lift utility copter that offers fail-safe service, during both day and night, in the harshest weather conditions, anywhere in the world.
Among other models of the Black Hawk, UH-60M is the most efficient, thanks to its integrated digital cockpit, moving map display, enhanced GPS/INS system, fully integrated flight controls and superior vertical lift.
Our View
We remind investors that the purchase of the Sikorky Aircraft for $9 billion in cash, last November strengthened Lockheed's position as the largest defense contractor in the U.S. Notably, this acquisition added Sikorsky's world-known aircraft, Black Hawk, along with a handful of combat and commercial choppers, to Lockheed's helicopter product line.
Going ahead, management expects to witness improved cash flows from the Sikorsky business unit in 2018, indicating possibilties of expansion of the business in the days to come. We believe such generous fund flows from Pentagon, in the form of contracts, can certainly help the company achieve its desired business expansion.
Zacks Rank & Stocks to Consider
Lockheed currently carries a Zacks Rank #4 (Sell). A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO .
Engility's shares witnessed a 0.6% rise during the last trading session. On an average, the company has delivered a positive earnings surprise of 12.09% in the trailing 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 .
Ducommun, also sporting a Zacks Rank #1, has witnessed an almost 1% rise in its stock price during the last trading session. The company's current year consensus estimate improved 9.4% in the last 60 days.
General Dynamics, a Zacks Rank #2 (Buy) stock, has witnessed a 0.5% gain in its last day's stock price. The company's current year consensus estimate improved 1% in the last 60 days.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
GENL DYNAMICS (GD): 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. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Defense major Lockheed Martin Corp. 's LMT business unit, Sikorsky Aircraft recently secured a contract from the U.S. Army for the sale of six UH-60M Black Hawk helicopters to the Taiwan government. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO . Defense major Lockheed Martin Corp. 's LMT business unit, Sikorsky Aircraft recently secured a contract from the U.S. Army for the sale of six UH-60M Black Hawk helicopters to the Taiwan government. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO . Defense major Lockheed Martin Corp. 's LMT business unit, Sikorsky Aircraft recently secured a contract from the U.S. Army for the sale of six UH-60M Black Hawk helicopters to the Taiwan government. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Defense major Lockheed Martin Corp. 's LMT business unit, Sikorsky Aircraft recently secured a contract from the U.S. Army for the sale of six UH-60M Black Hawk helicopters to the Taiwan government. | 62cec266-43de-4194-a908-d360ceec782d |
710227.0 | 2016-09-28 00:00:00 UTC | Northrop Grumman Inks $255M Navy Deal for MQ-4C Triton | DCO | https://www.nasdaq.com/articles/northrop-grumman-inks-%24255m-navy-deal-for-mq-4c-triton-2016-09-28 | nan | nan | Defense prime Northrop Grumman Corp. 's NOC business unit, Systems Corp. recently won a modification contract from the U.S. Navy for low-rate initial production (LRIP) of MQ-4C Triton unmanned aircraft. Valued at $255.3 million, the contract was awarded by the Naval Air Systems Command, Patuxent River, MD.
Details of the Contract
Work is scheduled to be complete by Aug 2020. The majority of the work will be performed in San Diego, CA, while the rest will be carried out in Baltimore, MD; Palmdale, CA; and in various locations across the U.S. The contract will use fiscal 2016 aircraft procurement (Navy) funds.
The original LRIP deal involved the purchase of three MQ-4C Triton unmanned planes, one main operation control station and one forward operation control station, training courseware, and tool by the Navy. This recent decision marks the beginning of the production and deployment phase of the Navy's acquisition process.
NORTHROP GRUMMN Price
NORTHROP GRUMMN Price | NORTHROP GRUMMN Quote
Qualities of MQ-4C Triton
MQ-4C Triton is a new broad area maritime surveillance (BAMS) unmanned aircraft system (UAS) produced by Northrop Grumman for the Navy. The Pentagon awarded Northrop a contract worth $1.16 billion for the MQ-4C BAMS program in Apr 2008 and the first MQ-4C was unveiled in Jun 2012.
The MQ-4C is a high-altitude, long-endurance UAS suitable for conducting a range of missions such as maritime surveillance, battle damage assessment, port surveillance and communication relay. It can offer persistent maritime surveillance and reconnaissance coverage of wide oceanographic and littoral zones at a mission radius of 2,000 nautical miles. The UAS can fly 24 hours a day, seven days a week, with 80% effective time on station (ETOS).
Our View
Being the fourth-largest U.S. defense contractor, Northrop Grumman supplies a broad array of products and services to the U.S. Department of Defense, including defense electronics, unmanned aircraft and missile defense. The company continues to see strong demand for its unmanned air systems on a global scale.
With regard to the company's Aerospace Systems business segment, per management, Northrop has recently reached an inflection point wherein its new programs and the planned ramp-ups on production programs are beginning to outpace declines in mature legacy programs. We believe this has been reflected in the aforementioned deal.
Going ahead, we expect these developments to fetch a handsome upside in backlogs for Northrop's Aerospace Systems segment, which already enjoys a strong backlog per the company's latest results.
Zacks Rank & Stocks to Consider
Northrop currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO .
Engility has witnessed a 4.2% rise in its last five days' stock price. On average, the company delivered a positive earnings surprise of 12.09% in the trailing 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 .
Ducommun, sporting a Zacks Rank #1, has witnessed a 2.2% rise in its last five days' stock price. The company's current year consensus estimate improved 9.4% in the last 60 days.
General Dynamics carries a Zacks Rank #2 (Buy) and has witnessed a 1.8% gain in its last five days' stock price. The company's current year consensus estimate improved 9.4% in the last 60 days.
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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 better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO . Click to get this free report NORTHROP GRUMMN (NOC): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Defense prime Northrop Grumman Corp. 's NOC business unit, Systems Corp. recently won a modification contract from the U.S. Navy for low-rate initial production (LRIP) of MQ-4C Triton unmanned aircraft. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO . Click to get this free report NORTHROP GRUMMN (NOC): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. NORTHROP GRUMMN Price NORTHROP GRUMMN Price | NORTHROP GRUMMN Quote Qualities of MQ-4C Triton MQ-4C Triton is a new broad area maritime surveillance (BAMS) unmanned aircraft system (UAS) produced by Northrop Grumman for the Navy. | Click to get this free report NORTHROP GRUMMN (NOC): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO . NORTHROP GRUMMN Price NORTHROP GRUMMN Price | NORTHROP GRUMMN Quote Qualities of MQ-4C Triton MQ-4C Triton is a new broad area maritime surveillance (BAMS) unmanned aircraft system (UAS) produced by Northrop Grumman for the Navy. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO . Click to get this free report NORTHROP GRUMMN (NOC): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Defense prime Northrop Grumman Corp. 's NOC business unit, Systems Corp. recently won a modification contract from the U.S. Navy for low-rate initial production (LRIP) of MQ-4C Triton unmanned aircraft. | 2a7a44aa-bdad-4f1b-beec-5d3520a2d4cb |
710228.0 | 2016-09-26 00:00:00 UTC | Lockheed's Sikorsky Wins $232M Deal for CH-53K Choppers | DCO | https://www.nasdaq.com/articles/lockheeds-sikorsky-wins-%24232m-deal-for-ch-53k-choppers-2016-09-26 | nan | nan | Defense major Lockheed Martin Corp. 's LMT business unit, Sikorsky Aircraft recently won a $232.1 million-worth modification contract from the U.S. Navy, for the procurement of 2 CH-53K system demonstration test article aircraft. Most part of the operation will be executed in Stratford, CT; Wichita, KS; West Palm Beach, FL and the rest at many other places across the U.S.
Work is scheduled to be complete by Feb, 2020. This contract, which will utilize fiscal 2016 research, development, test and evaluation funds, was awarded by the Naval Air Systems Command, Patuxent River, MD.
About CH-53K Aircraft
Originally developed and manufactured by Sikorsky, CH-53K is one of the world's premier heavy lift helicopters, designed to be fully shipboard-compatible and capable of operating from austere and remote forward operating bases. Designated as System Demonstration Test Articles (SDTA), these choppers have the capacity to carry more than 27,000 pounds over a mission radius of 110 nautical miles - which is more than three times the external load carrying capacity of its predecessor - the CH-53E aircraft.
Apart from providing ballistic protection, this copter carries advanced lightweight armor that offers advanced protection to both passenger and crew. Among Lockheed's CH-53 aircraft product line, the 53K version is the most advanced one. This is because of its 21 st century design which will allow militaries to move troops and equipments from ship to shore, and to higher altitude terrain, more quickly and effectively than ever before.
LOCKHEED MARTIN Price
LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote
Our View
Last November, Lockheed Martin bought Sikorsky Aircraft - one of the primary industry-leading helicopter manufacturers in the U.S. - from United Technologies Corp. UTX for $9 billion in cash. The deal positioned Lockheed as the world's largest defense contractor with the addition of Sikorsky's CH-53K, along with a handful of other combat as well as commercial choppers, to its helicopter product line. Notably, the CH-53K is currently the U.S. Marine Corps' critical land and sea based logistics connector.
We note that in the second quarter of 2016, Lockheed Martin witnessed year-over-year sales growth of 11%, majority of which was due to the Sikorsky buyout. Going ahead, management expects to witness even better cash flows from Sikorsky in 2018, indicating further expansion of the unit in the days to come. We expect the contract to be a major contributor to this projected expansion of the same.
Zacks Rank and Stocks to Consider
General Dynamics currently carries a Zacks Rank #2 (Buy). A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , Leidos Holdings, Inc. LDOS and Ducommun Inc. DCO .
Engility sports a Zacks Rank #1 (Strong Buy) and has witnessed an 8.26% surge in its last five days' stock price. On average, the company delivered a positive earnings surprise of 12.09% in the trailing four quarters.
Ducommun sports a Zacks Rank #1 and has witnessed a 3.40% surge in its last five days' stock price. The company witnessed a 9.4% rise in its current year consensus estimates within last 60 days.
Leidos Holdings sports a Zacks Rank #2 and has witnessed a 3.44% surge in its last five days' stock price. The company witnessed a 9.6% rise in its current year consensus estimates within last 60 days. 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. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , Leidos Holdings, Inc. LDOS and Ducommun Inc. DCO . Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. Most part of the operation will be executed in Stratford, CT; Wichita, KS; West Palm Beach, FL and the rest at many other places across the U.S. Work is scheduled to be complete by Feb, 2020. | Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , Leidos Holdings, Inc. LDOS and Ducommun Inc. DCO . Defense major Lockheed Martin Corp. 's LMT business unit, Sikorsky Aircraft recently won a $232.1 million-worth modification contract from the U.S. Navy, for the procurement of 2 CH-53K system demonstration test article aircraft. | Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , Leidos Holdings, Inc. LDOS and Ducommun Inc. DCO . LOCKHEED MARTIN Price LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote Our View Last November, Lockheed Martin bought Sikorsky Aircraft - one of the primary industry-leading helicopter manufacturers in the U.S. - from United Technologies Corp. UTX for $9 billion in cash. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , Leidos Holdings, Inc. LDOS and Ducommun Inc. DCO . Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. Defense major Lockheed Martin Corp. 's LMT business unit, Sikorsky Aircraft recently won a $232.1 million-worth modification contract from the U.S. Navy, for the procurement of 2 CH-53K system demonstration test article aircraft. | 61388f18-e322-4d72-b5e8-7db2ed16282d |
710229.0 | 2016-09-23 00:00:00 UTC | AAR Corp (AIR) Beats Q1 Earnings and Revenue Estimates | DCO | https://www.nasdaq.com/articles/aar-corp-air-beats-q1-earnings-and-revenue-estimates-2016-09-23 | nan | nan | AAR Corp.AIR reported first-quarter fiscal 2017 earnings of 29 cents per share, surpassing the Zacks Consensus Estimate of 28 cents by 3.6%. The reported figure was also up from the year-ago figure of 23 cents.
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Total Revenue
AAR Corp. reported net sales of $404.8 million in the first quarter of fiscal 2017, up 4.7% from $386.7 million in the year-ago quarter.
Fiscal first-quarter revenues also beat the Zacks Consensus Estimate of $400 million by 1.2%.
AAR CORP Price, Consensus and EPS Surprise
AAR CORP Price, Consensus and EPS Surprise | AAR CORP Quote
Segment Details
In the reported quarter, Aviation Services reported revenues of $334.6 million, up 6% year over year. Revenues were driven by the segment's industry-leading supply chain.
Expeditionary Services garnered revenues of $70.2 million, down a marginal 1% from $70.9 million in the year-ago quarter.
Highlights of the Release
In the fiscal first quarter, AAR Corp.'s cost of sales increased 3.2% year over year to $343.3 million.
Selling, general and administrative expenses increased 12% to $44.8 million, driven by investments in new business development.
The company incurred interest expense of $1.3 million, lower than $1.9 million in the year-ago quarter.
Financial Condition
AAR Corp.'s cash and cash equivalents as of Aug 31, 2016 were $7.9 million, down from $31.2 million as of May 31, 2016.
Net property, plant and equipment were $231.4 million as of Aug 31, 2016, compared with $238.1 million as of May 31, 2016.
As of Aug 31, 2016, total debt increased to $151.6 million from $150.1 million as of May 31, 2016.
Dividend & Share Repurchase History
During the fiscal first quarter, the company paid dividends of $2.6 million, or 7.5 cents per share, and repurchased approximately 619,000 shares for $14.8 million, or $23.94 per share.
Guidance
For fiscal 2017, Diluted earnings per share from continuing operations are still expected in the range of $1.30-$1.40.
Peer Releases
Ducommun Inc. DCO posted earnings of 34 cents per share in the second quarter of 2016, surpassing the Zacks Consensus Estimate of 28 cents by 21.4%. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
CAE Inc. CAE posted earnings of 20 cents per share in the second quarter of 2016, surpassing the Zacks Consensus Estimate of 16 cents by 25%. The stock carries a Zacks Rank #2 (Buy).
CPI Aerostructures Inc. CVU posted earnings of 21 cents per share in the second quarter of 2016, surpassing the Zacks Consensus Estimate of 15 cents by 40%. The stock holds a Zacks Rank #2.
Zacks Rank
AAR Corporation currently carries a Zacks Rank #3 (Hold).
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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. | Peer Releases Ducommun Inc. DCO posted earnings of 34 cents per share in the second quarter of 2016, surpassing the Zacks Consensus Estimate of 28 cents by 21.4%. Click to get this free report AAR CORP (AIR): Free Stock Analysis Report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. Selling, general and administrative expenses increased 12% to $44.8 million, driven by investments in new business development. | Click to get this free report AAR CORP (AIR): Free Stock Analysis Report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. Peer Releases Ducommun Inc. DCO posted earnings of 34 cents per share in the second quarter of 2016, surpassing the Zacks Consensus Estimate of 28 cents by 21.4%. AAR CORP Price, Consensus and EPS Surprise AAR CORP Price, Consensus and EPS Surprise | AAR CORP Quote Segment Details In the reported quarter, Aviation Services reported revenues of $334.6 million, up 6% year over year. | Click to get this free report AAR CORP (AIR): Free Stock Analysis Report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. Peer Releases Ducommun Inc. DCO posted earnings of 34 cents per share in the second quarter of 2016, surpassing the Zacks Consensus Estimate of 28 cents by 21.4%. AAR CORP Price, Consensus and EPS Surprise AAR CORP Price, Consensus and EPS Surprise | AAR CORP Quote Segment Details In the reported quarter, Aviation Services reported revenues of $334.6 million, up 6% year over year. | Peer Releases Ducommun Inc. DCO posted earnings of 34 cents per share in the second quarter of 2016, surpassing the Zacks Consensus Estimate of 28 cents by 21.4%. Click to get this free report AAR CORP (AIR): Free Stock Analysis Report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. AAR Corp.AIR reported first-quarter fiscal 2017 earnings of 29 cents per share, surpassing the Zacks Consensus Estimate of 28 cents by 3.6%. | c10f2dc2-0709-4533-9417-fc19ca1a8c4e |
710230.0 | 2016-09-23 00:00:00 UTC | General Dynamics' Electric Boat Wins $105M U.S. Navy Deal | DCO | https://www.nasdaq.com/articles/general-dynamics-electric-boat-wins-%24105m-u.s.-navy-deal-2016-09-23 | nan | nan | Defense prime General Dynamics Corp. 's GD subsidiary Electric Boat Corp., secured a modification contract for Phase 2 of the Sea Dragon Submarines Development program. Valued at $105.5 million, this contract incorporates test planning efforts to support ground and sea-based testing of this submarine.
This contract, awarded by the Supervisor of Shipbuilding Conversion and Repair, Groton, CT, will utilize fiscal 2016 research, development, test and evaluation funds. The work, expected to be completed by Sep 2018, will be executed at the Groton shipyard in Connecticut.
About Sea Dragon Submarine
Electric Boat's SSN584 Seadragon is a type of nuclear-powered skate-class attack submarine which was launched long back in 1954 and was earlier used to serve the U.S. Navy. Notably, skate-class submarines were the U.S. Navy's first production run of nuclear powered submarines.
GENL DYNAMICS Price
GENL DYNAMICS Price | GENL DYNAMICS Quote
Current Scenario
Attack submarines are designed to seek and destroy enemy submarines and surface ships. Currently the U.S. Navy has three classes of nuclear-powered attack submarines: Virginia-class, Ohio-class and Los Angeles-class. These submarines will be operational until 2070.
Our View
We remind investors that General Dynamics is one of the only two contractors in the world equipped to build nuclear-powered submarines. General Dynamics' Marine Systems business segment, which manufactures nuclear submarines, has been a consistent contributor to the company's growth trajectory for quite some time in the past.
Although this segment showed no revenue growth in the second quarter, management has raised its top line expectation from this unit by $100-$200 million, for the year 2016. Surely this indicates significant improvement in this segment's business performance.
Moreover, President Obama's fiscal year 2017 budget proposal calls for $582.7 billion in funding for the Pentagon, which includes $71.4 billion for R&D and $8.1 billion for submarines (with over $40 billion in the next five years). Going forward, this will definitely boost General Dynamics' business growth from its nuclear submarines division.
Zacks Rank and Stocks to Consider
General Dynamics currently carries a Zacks Rank #2 (Buy). A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , Leidos Holdings, Inc. LDOS and Ducommun Inc. DCO .
Engility sports a Zacks Rank #1 (Strong Buy) and has witnessed a 2.32% surge in its last day's stock price. On average, the company delivered a positive earnings surprise of 12.09% in the trailing four quarters.
Ducommun sports a Zacks Rank #1 and has witnessed a 5.50% surge in its last day's stock price. On average, the company delivered a negative earnings surprise of 44.58% in the trailing four quarters.
Leidos Holdings sports a Zacks Rank #2 (Buy) and has witnessed a 2.49% surge in its last day's stock price. On average, the company delivered a negative earnings surprise 6.54% in the trailing four quarters. 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. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , Leidos Holdings, Inc. LDOS and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. Defense prime General Dynamics Corp. 's GD subsidiary Electric Boat Corp., secured a modification contract for Phase 2 of the Sea Dragon Submarines Development program. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , Leidos Holdings, Inc. LDOS and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. GENL DYNAMICS Price GENL DYNAMICS Price | GENL DYNAMICS Quote Current Scenario Attack submarines are designed to seek and destroy enemy submarines and surface ships. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , Leidos Holdings, Inc. LDOS and Ducommun Inc. DCO . GENL DYNAMICS Price GENL DYNAMICS Price | GENL DYNAMICS Quote Current Scenario Attack submarines are designed to seek and destroy enemy submarines and surface ships. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , Leidos Holdings, Inc. LDOS and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. Going forward, this will definitely boost General Dynamics' business growth from its nuclear submarines division. | 56f7ebdb-2453-4dd8-9f63-4f38202a2b09 |
710231.0 | 2016-09-22 00:00:00 UTC | L-3 Communications to Supply Airbus Flight Simulator to ANA | DCO | https://www.nasdaq.com/articles/l-3-communications-to-supply-airbus-flight-simulator-to-ana-2016-09-22 | nan | nan | L-3 Communications Inc.LLL announced that its unit, Commercial Training Solutions (L-3 CTS), has received a contract from All Nippon Airways (ANA) to build and deliver an Airbus EADSY A320 Full Flight Simulator (FFS).
The flight simulator is a cost-effective way of training pilots in light of a potential surge in air travel over the next two decades.
First RealitySeven A320 FFS for ANA
The Airbus A320 FFS will be based on L-3 Communications' RealitySeven flight training simulation solution and will be installed at ANA's Tokyo, Japan training facility. The device will be ready to provide training to pilots starting Sep 2017.
The RealitySeven A320 FFS will join an existing RealitySeven B787 FFS at ANA's training center. ANA's existing fleet currently consists of aircraft manufactured by The Boeing Company BA and Airbus. So, training pilots in an A320 stimulator will help familiarize them with the real equipment.
L-3 COMM HLDGS Price
L-3 COMM HLDGS Price | L-3 COMM HLDGS Quote
Why L-3 Communications?
L-3 Communications was selected to supply the flight stimulator on the back of its high-quality solutions and support, which will allow ANA to meet its pilot training requirements.
Previously, L-3 CTS had delivered commercial training solutions to customers in North America, Europe, Asia, Africa, the Middle East and the Pacific Rim. The unit specializes in a full spectrum of state-of-the-art training solutions, including ab-initio training, airline training, training centers and high-fidelity simulation products.
Our View
ANA has recently faced troubles with the 787 Dreamliner and is planning to replace nearly 100 Rolls Royce Engines in its existing 787 fleet. The ongoing issues with the Boeing planes could be diverting ANA's attention toward Airbus.
Per the outlook provided by Boeing, from the present to 2035, the aviation industry will require more than two million new aviation personnel, including 617,000 commercial airline pilots, 679,000 maintenance technicians and 814,000 cabin crew.
Clearly, flight simulators will be the need of the hour during this period. Going forward, we expect L-3 CTS to witness a steady stream of orders from customers across the globe with this rise in demand for flight simulators.
Zacks Rank & Key Picks
L-3 Communications currently carries a Zacks Rank #3 (Hold). A better-ranked stock in the aerospace & defense industry is Ducommun Inc. DCO with 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. | A better-ranked stock in the aerospace & defense industry is Ducommun Inc. DCO with a Zacks Rank #1 (Strong Buy). Click to get this free report BOEING CO (BA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report To read this article on Zacks.com click here. L-3 Communications Inc.LLL announced that its unit, Commercial Training Solutions (L-3 CTS), has received a contract from All Nippon Airways (ANA) to build and deliver an Airbus EADSY A320 Full Flight Simulator (FFS). | Click to get this free report BOEING CO (BA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the aerospace & defense industry is Ducommun Inc. DCO with a Zacks Rank #1 (Strong Buy). L-3 COMM HLDGS Price L-3 COMM HLDGS Price | L-3 COMM HLDGS Quote Why L-3 Communications? | Click to get this free report BOEING CO (BA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the aerospace & defense industry is Ducommun Inc. DCO with a Zacks Rank #1 (Strong Buy). First RealitySeven A320 FFS for ANA The Airbus A320 FFS will be based on L-3 Communications' RealitySeven flight training simulation solution and will be installed at ANA's Tokyo, Japan training facility. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the aerospace & defense industry is Ducommun Inc. DCO with a Zacks Rank #1 (Strong Buy). L-3 Communications Inc.LLL announced that its unit, Commercial Training Solutions (L-3 CTS), has received a contract from All Nippon Airways (ANA) to build and deliver an Airbus EADSY A320 Full Flight Simulator (FFS). | 23104bd0-9265-4c58-b7c1-30bf219df356 |
710232.0 | 2016-09-21 00:00:00 UTC | Leidos & 3 Contractors Win $480M Deal to Curb Drug Traffic | DCO | https://www.nasdaq.com/articles/leidos-3-contractors-win-%24480m-deal-to-curb-drug-traffic-2016-09-21 | nan | nan | Leidos Holdings, Inc.LDOS , a renowned technology services and solutions provider, was among other three contractors that recently won a contract for offering technical solutions to the U.S. Department of Defense Counter-Narcoterrorism Technology Program Office (CNTPO). Valued at $480 million, the contract was awarded by the U.S. Army Space and Missile Defense Command.
What's CNTPO?
The CNTPO is the leading developer of inter-agency and multinational operations to disrupt, deter and deny narcoterrorist activities so as to reduce trafficking of illegal narcotics and materials that support global terrorist activities .
Details of the Contract
As per the terms of the contract, Leidos will provide technical solutions and mission support for command, control, communications, information, detection and monitoring technology and systems in order to counter national security threats posed by drug trafficking, piracy and transnational organized crime. These solutions will also bring down finance networks related to illicit drug trafficking activities. The contract is expected to allow the CNTPO to limit, if not completely stop, international drug trafficking.
LEIDOS HOLDINGS Price
LEIDOS HOLDINGS Price | LEIDOS HOLDINGS Quote
Our View
In the second quarter of 2016, Leidos recorded a 4% year-over-year increase in revenues to $915 million at the National Security Solutions (NSS) business segment. Segment bookings amounted to $520 million. For the third quarter, management forecasts an increase in bookings on the back of several anticipated award decisions, as well as typical seasonality at the end of the government fiscal year.
Being a prominent provider of advanced technical solutions in a number of markets including defense, intelligence, homeland security, civil, and health, surely the latest contract will boost the company's NSS segment.
Meanwhile, in a bid to strengthen its technical services solutions, Leidos completed its merger with defense giant Lockheed Martin Corp.'s LMT Information Systems & Global Solutions business (IS&GS) last month. This combination is expected to have brought together a $10 billion portfolio of solutions, mission IT, and technical services under Leidos' control, to which the aforementioned contract seems like a meaningful upgrade.
Zacks Rank & Stocks to Consider
Leidos Holdings currently carries a Zacks Rank #2 (Buy), while Lockheed Martin has a Zacks Rank #4 (Sell). A few favorably placed stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport 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. | A few favorably placed stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. For the third quarter, management forecasts an increase in bookings on the back of several anticipated award decisions, as well as typical seasonality at the end of the government fiscal year. | Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. A few favorably placed stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . LEIDOS HOLDINGS Price LEIDOS HOLDINGS Price | LEIDOS HOLDINGS Quote Our View In the second quarter of 2016, Leidos recorded a 4% year-over-year increase in revenues to $915 million at the National Security Solutions (NSS) business segment. | Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. A few favorably placed stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . LEIDOS HOLDINGS Price LEIDOS HOLDINGS Price | LEIDOS HOLDINGS Quote Our View In the second quarter of 2016, Leidos recorded a 4% year-over-year increase in revenues to $915 million at the National Security Solutions (NSS) business segment. | A few favorably placed stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. Leidos Holdings, Inc.LDOS , a renowned technology services and solutions provider, was among other three contractors that recently won a contract for offering technical solutions to the U.S. Department of Defense Counter-Narcoterrorism Technology Program Office (CNTPO). | f93f9716-6d47-43e5-b3eb-894aa136dbf8 |
710233.0 | 2016-09-19 00:00:00 UTC | Lockheed Martin (LMT) Wins Two Major Contracts worth $294M | DCO | https://www.nasdaq.com/articles/lockheed-martin-lmt-wins-two-major-contracts-worth-%24294m-2016-09-19 | nan | nan | Defense giant Lockheed Martin Corp 's LMT Rotary and Mission Systems business unit has won a U.S. Navy contract for the procurement of the DDG 116-118 Aegis follow-on support services. Valued at $157.4 million, this contract represents the completion of the development and fielding of the Aegis Baseline 9 Aegis Weapon System and Integrated Aegis Combat System on the remaining Aegis Technical Insertion 12 (TI 12)-configured destroyers as well as the TI 12 and TI 08-configured cruisers.
The contract, awarded by the Naval Sea Systems Command, Washington, DC, includes options which if exercised, would bring its cumulative value to $426 million. It will utilize fiscal 2016 operations, maintenance, research and development test and evaluation funds; fiscal 2015 and 2016 other procurement funds; and fiscal 2013 shipbuilding and conversion funds.
The majority of the work will be executed in Moorestown, NJ, while the rest will be carried out in Johnstown, PA and various other locations across the U.S. Work is scheduled to be complete by Sep 2017.
LOCKHEED MARTIN Price
LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote
Aegis Baseline 9 Weapon System
The AEGIS Weapon System (AWS) is a centralized, automated, command-and-control (C2) and weapons control system incorporated in the U.S. Naval fleet. Designed by Lockheed, the AWS can simultaneously attack land targets, submarines and surface ships, while protecting the fleet against aircraft, cruise missiles and ballistic threats.
Baseline 9 is the latest version of the AWS. It offers the Navy surface fleet the most advanced air defense capability. The latest configuration incorporates the latest generation of ballistic missile defense programming, which can shoot down ballistic missiles in both the exo-atmosphere (upper atmosphere) and endo-atmosphere (lower atmosphere).
Other Notable Contracts Won by Lockheed
Lockheed Martin's Aeronautics business division has recently nabbed a modification contract, worth $136.6 million, for the low-rate initial production of Lot 10 air vehicle initial spares, including F-35 common spares; F-35A, F-35B and F-35C unique spares; and aloft spares packages/deployment spares packages. These spares will be delivered to the U.S. Air Force, Navy and Marine Corps, as well as non-Department of Defense (DoD) customers and through Foreign Military Sales.
The contract, which was awarded by the Naval Air Systems Command, Patuxent River, MD, will primarily utilize fiscal 2016 aircraft procurement funds. Work is scheduled to be complete by Dec 2019, the majority of which will be carried out in Fort Worth, TX, while the remaining work will be performed in other locations across the U.S. as well as different parts of Europe.
Apart from the aforementioned contracts, both of which exceed $100 million apiece, the defense prime also won a handful of comparatively lower-valued contracts from the Pentagon on Friday. These include a modification contract worth $45 million for contractor logistics support (CLS), legacy sustainment, and combined task force support; a contract worth $37.3 million for providing next-generation technical services to the U.S. Army; and another modification contract worth $26.5 million for the low-rate initial production of Lot 9 air vehicle initial spares for F-35B aloft spares packages to support the Marine Corps.
Our View
Currently Lockheed Martin is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs. In its second-quarter 2016 earnings release, the company raised its sales outlook by $400 million for 2016, of which the Aeronautics division is expected to contribute $350 million. Management has also raised the 2016 profit outlook by $125 million.
We believe the raised guidance reflects expectations of winning a handsome number of contracts from the U.S. DoD through the rest of 2016, which will drive business expansion. Thus, we are positive on the aforementioned contracts, which have a cumulative value of more than $400 million.
Stocks to Consider
Lockheed Martin currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . While Engility and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (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. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Defense giant Lockheed Martin Corp 's LMT Rotary and Mission Systems business unit has won a U.S. Navy contract for the procurement of the DDG 116-118 Aegis follow-on support services. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . LOCKHEED MARTIN Price LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote Aegis Baseline 9 Weapon System The AEGIS Weapon System (AWS) is a centralized, automated, command-and-control (C2) and weapons control system incorporated in the U.S. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Other Notable Contracts Won by Lockheed Lockheed Martin's Aeronautics business division has recently nabbed a modification contract, worth $136.6 million, for the low-rate initial production of Lot 10 air vehicle initial spares, including F-35 common spares; F-35A, F-35B and F-35C unique spares; and aloft spares packages/deployment spares packages. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Defense giant Lockheed Martin Corp 's LMT Rotary and Mission Systems business unit has won a U.S. Navy contract for the procurement of the DDG 116-118 Aegis follow-on support services. | 0871892d-b870-4ff2-a731-0c2cdbf75432 |
710234.0 | 2016-09-16 00:00:00 UTC | Lockheed, Boeing to Gain from $38B U.S.-Israel Defense Deal | DCO | https://www.nasdaq.com/articles/lockheed-boeing-to-gain-from-%2438b-u.s.-israel-defense-deal-2016-09-16 | nan | nan | Following months of behind-the-curtains discussion, the U.S. has finally signed a landmark agreement with Israel, under which the later will receive military aid worth $38 billion in total over a period of 10 years. This deal represents the largest ever military aid pledged by the U.S. to any foreign nation.
The new aid package reflects an increase of $700 million over the existing contract between the two nations under which Israel is receiving $3.1 billion annually. The existing deal will expire in 2018 and will be followed by the latest one, wherein Israel will get $3.8 billion every year from 2019 through 2028, effective Oct 1, 2018.
We note that the U.S. has been providing military assistance to Israel for a little less than a decade now, amounting to cumulative defense aid worth almost $24 billion.
How will the Deal Help the U.S. Defense Sector?
The memorandum of understanding (MOU) for the newly signed deal reveals that the terms and conditions have been structured such that the majority of the Israeli defense spending goes to U.S. companies.
For instance, under the new arrangement, Israel can utilize only 26.3% of the foreign military fund (FMF) it receives from the U.S. on home-grown defense products. On the other hand, Israel has to spend as much as $1.2 billion per year on the advanced military equipment that only the U.S. can provide.
Clearly, the deal aims to not only boost Israel's military strength but to substantially improve the profits earned by defense majors in the U.S.
Which U.S. Companies will Benefit?
Pentagon's two prime defense contractors - The Boeing Company BA and Lockheed Martin Corp. LMT - are expected to gain the most from the latest U.S.-Israel deal. Under this deal, Israel will upgrade its fleet of fighter jets by acquiring a handful of Lockheed Martin's F-35 fighter jets.
Using the newly assigned FMF, Israel will receive 33 F-35 jets, of which the first two will be delivered in Dec 2016 and the last one expected to be received around 2021. This will make Israel the first foreign partner to take delivery of this fifth-generation fighter aircraft, which incorporates advanced stealth, full-fused sensor information and network-enabled operations.
The deal also calls for the delivery of 10 Boeing F-15 aircraft to Israel. This twin-engine, all-weather superior fighter jet is considered the backbone of the U.S. Air Force.
Apart from these two fighter jets, constituting the lion's share of the FMF, Israel will also receive several C-130 heavy-lift cargo planes, four SAAR 6 Corvettes, Merkava tanks and Namer Armored Personnel Carriers, Hellfire missiles, the Joint Direct Attack Munition (JDAM), and other Precision Guided Munitions.
Our View
Note that Israel has to spend a major portion of its gross domestic-product (GDP) on defense equipment due to terrorist attacks across the country. Last year, the country's military budget, excluding U.S. aid, comprised 5.4% of its GDP.
With no sign of improvement in this situation any time soon, we believe that the latest military deal will encourage Israel to spend more in defense missiles, aircraft and other equipment. This in turn should benefit U.S. defense majors particularly, Lockheed and Boeing, in the days ahead.
Stocks to Consider
Both Boeing and Lockheed currently carry a Zacks Rank #3 (Hold). A couple of better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport 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. | A couple of better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Following months of behind-the-curtains discussion, the U.S. has finally signed a landmark agreement with Israel, under which the later will receive military aid worth $38 billion in total over a period of 10 years. | A couple of better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): 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. | A couple of better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. With no sign of improvement in this situation any time soon, we believe that the latest military deal will encourage Israel to spend more in defense missiles, aircraft and other equipment. | A couple of better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. On the other hand, Israel has to spend as much as $1.2 billion per year on the advanced military equipment that only the U.S. can provide. | 3bcdf790-b171-4200-bdfc-96be93b8db9e |
710235.0 | 2016-09-16 00:00:00 UTC | Raytheon Wins Twin Contracts from U.S. Navy Worth $161M | DCO | https://www.nasdaq.com/articles/raytheon-wins-twin-contracts-from-u.s.-navy-worth-%24161m-2016-09-16 | nan | nan | Raytheon CompanyRTN has won a contract from the U.S. Navy for offering cyberspace science, research, engineering, and technology integration. Valued at $98.1 million, this is a three-year contract that includes one two-year option ordering period which, if exercised, would raise the potential value of this contract to $165.9 million.
Majority of the work will be executed in San Diego and a very minimal percentage at other continental U.S. and outside continental U.S. locations. Work is expected to be over by Sep 14, 2019.
This contract was awarded by the Space and Naval Warfare Systems Center Pacific, San Diego, CA, and will utilize research, development test and evaluation, operations and maintenance as well as other procurement funds.
RAYTHEON CO Price
RAYTHEON CO Price | RAYTHEON CO Quote
Under the terms of this contract, services to be rendered by Raytheon include technology assessment, development and transition; requirements analysis; systems engineering; operational and technical support; experimentation support; hardware and software development and prototyping; modeling and simulation; training; and security engineering/cybersecurity.
Meanwhile, this defense giant has also grabbed another contract for the manufacture and delivery of 18 AN/APG-79 Active Electronically Scanned Array (AESA) radars for Navy F/A-18E/F and EA-18G aircraft. Valued at $63 million, this contract was awarded by Naval Air Systems Command, Patuxent River, MD.
Majority of the work will be performed in Forest, MS; Dallas, TX; while the rest in El Segundo, CA; and Andover, MA. Work is scheduled to be over in July 2018.
Under this contract, Raytheon will also offer procurement of two AN/APG-79 AESA radars in support of testing associated with the AESA configuration D upgrade, and one AN/APG-79 radar for the government of Australia. This particular contract will primarily utilize fiscal 2016 aircraft procurement and, to a lesser extent, foreign military sales (FMS) fund.
Notably, Raytheon's combat-proven AN/ APG-79 AESA radar system represents a significant advance in radar technology, which substantially increases the power of the U.S. Navy's F/A-18E/F Super Hornet aircraft in particular, making it less vulnerable than ever before. Currently this radar system also serves the Royal Australian Air Force.
Our View
With the U.S. fiscal 2016 bill emphasizing cyber programs, cyber-oriented work is expected to yield solid growth in the coming years. In recent years, Raytheon has invested more than $3.5 billion to expand its cybersecurity capabilities, as cybersecurity incidents have escalated an average 66% on a yearly basis between 2009 and 2014 globally.
Being one of the best-positioned large-cap defense players, Raytheon's next-generation radar systems also offer advance defense solutions that attract potential customers like the U.S. Navy and defense administrators of foreign countries, thereby enhancing demand for Raytheon's Integrated Defense Systems (IDS) products. Accordingly, we expect the aforementioned contracts to boost up the revenues that the company earns from its IDS business segment.
Strong Buy
Raytheon currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO . While Engility and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (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. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. This contract was awarded by the Space and Naval Warfare Systems Center Pacific, San Diego, CA, and will utilize research, development test and evaluation, operations and maintenance as well as other procurement funds. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. While Engility and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (Buy).You can see the complete list of today's Zacks #1 Rank stocks here . | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO . RAYTHEON CO Price RAYTHEON CO Price | RAYTHEON CO Quote Under the terms of this contract, services to be rendered by Raytheon include technology assessment, development and transition; requirements analysis; systems engineering; operational and technical support; experimentation support; hardware and software development and prototyping; modeling and simulation; training; and security engineering/cybersecurity. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corp. GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Work is expected to be over by Sep 14, 2019. | 4ab9880e-2f5a-48c5-ba6f-675036f02668 |
710236.0 | 2016-09-15 00:00:00 UTC | Forget Profit, Bet on 5 Stocks with Increasing Cash Flows | DCO | https://www.nasdaq.com/articles/forget-profit-bet-on-5-stocks-with-increasing-cash-flows-2016-09-15 | nan | nan | Parking your hard earned money in stocks based on top-line growth and increasing profit numbers might be a good option. But choosing stocks based on cash flows can be far more rewarding. This is because, even a profit-making company can face cash troubles and end up filing bankruptcy. But a company with solid cash flow can endure any market mayhem.
In fact, cash indicates a company's true financial health. It holds the key to its existence, development and success. It offers the flexibility to make decisions, the means to make potential investments and the fuel to run its growth engine. Moreover, cash indicates that profits are being channelized in the right direction.
Cash moves in and out of any business, but it is net cash flow that explains how much money the company is actually making. A positive cash flow indicates an increase in the company's liquid assets, which provide the means to meet debt obligations, shell out for expenses, reinvest in business, endure downturns and finally return wealth to shareholders. On the other hand, a negative cash flow indicates a decline in the company's liquidity and in turn lowers its flexibility to support these moves.
Yet, positive cash flow alone is not sufficient to predict a company's future growth. A company can consistently grow only when this positive cash flow is rising. Because, increasing cash flow helps management to efficiently handle finance, operations and investing activities.
Screening Parameters:
To find out stocks that have seen increasing cash flow over time, we ran the screen for those whose cash flow in the latest reported quarter was at least equal to or greater than the 5-year average cash flow per common share . This implies a positive trend and increasing cash over a period of time.
In addition to this, we chose:
Zacks Rank 1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. You can see the complete list of today's Zacks #1 Rank stocks here .
Average Broker Rating 1: This indicates that brokers are also highly hopeful about the company's future performance.
Current Price greater than or equal to $5: This sieves out low-priced stocks.
VGM Scoreof B or better: This score is also of great assistance in selecting stocks. Importantly, this scoring system helps in picking the winning stocks in their individual industry categories.
Here are five of the eight stocks that made it through the screen:
Stamps.com Inc.STMP , based in El Segundo, CA, provides Internet-based services for mailing or shipping letters, packages or parcels anywhere in the U.S. The stock has a VGM score of 'B'. With a decent earnings surprise history, the company remains a solid pick. It exceeded estimates in each of the past four quarters, with an average surprise of 61.42%.
Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies principally for domestic and foreign commercial and military aircraft, and space programs. The company came up with an earnings surprise of 21.43% in the second quarter ended Jul 2, 2016 and has experienced a rise in estimates over the past two months. Ducommun has a VGM score of "A".
Argan, Inc.AGX , headquartered in Rockville, MD, through its subsidiaries, offers a full range of services to the power industry including the engineering, procurement and construction, commissioning, operations management, maintenance, project development and consulting services. Also, the company provides telecommunications infrastructure services, integrated fabrication, construction and plant services through its subsidiaries.
Argan has a VGM score of "A". It came up with an earnings surprise of 84.29% in the fiscal second quarter ended Jul 31, 2016 and its estimates for the current fiscal year has moved north.
Gibraltar Industries, Inc.ROCK , with a VGM score of "B", is a leading manufacturer, processor and distributor of metals and other engineered materials for building products, vehicular and other industrial markets. The company is headquartered in Buffalo, NY. With a decent earnings surprise history, the company remains a solid pick. It exceeded estimates in each of the past four quarters, with an average surprise of 74.53%.
Hallador Energy CompanyHNRG , through its wholly owned subsidiary, Sunrise Coal, LLC, is engaged in the production of coal in the Illinois Basin for the electric power generation industry. The company is headquartered in Denver, CO and has a VGM score of "A".
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STAMPS.COM INC (STMP): Free Stock Analysis Report
DUCOMMUN INC DE (DCO): Free Stock Analysis Report
ARGAN INC (AGX): Free Stock Analysis Report
HALLADOR ENERGY (HNRG): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): 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. | Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies principally for domestic and foreign commercial and military aircraft, and space programs. Click to get this free report STAMPS.COM INC (STMP): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. A positive cash flow indicates an increase in the company's liquid assets, which provide the means to meet debt obligations, shell out for expenses, reinvest in business, endure downturns and finally return wealth to shareholders. | Click to get this free report STAMPS.COM INC (STMP): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies principally for domestic and foreign commercial and military aircraft, and space programs. Screening Parameters: To find out stocks that have seen increasing cash flow over time, we ran the screen for those whose cash flow in the latest reported quarter was at least equal to or greater than the 5-year average cash flow per common share . | Click to get this free report STAMPS.COM INC (STMP): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies principally for domestic and foreign commercial and military aircraft, and space programs. Cash moves in and out of any business, but it is net cash flow that explains how much money the company is actually making. | Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies principally for domestic and foreign commercial and military aircraft, and space programs. Click to get this free report STAMPS.COM INC (STMP): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report To read this article on Zacks.com click here. Cash moves in and out of any business, but it is net cash flow that explains how much money the company is actually making. | eafaa5db-cc2d-4753-8289-13346d2bae34 |
710237.0 | 2016-09-14 00:00:00 UTC | The Zacks Analyst Blog Highlights: Argan, Ducommun, Enviva Partners and Horizon Global | DCO | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-argan-ducommun-enviva-partners-and-horizon-global-2016 | nan | nan | For Immediate Release
Chicago, IL - September 14, 2016 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Argan, Inc. ( AGX ), Ducommun Inc. ( DCO ), Enviva Partners, LP ( EVA ) and Horizon Global Corporation ( HZN ) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Tuesday's Analyst Blog:
4 Small-Cap Stocks that Brokers Love Right Now
The U.S. labor market has shown a decent recovery in the past few months and the inflation level is no longer a concern, but there is still a widespread debate regarding the overall health of the U.S. economy. As a result, the hike in interest rates is not expected to be a smooth affair.
Deteriorating infrastructure, rising income inequality, elevated pension and medical costs, large current account and government budget deficits are causes of concern. Further, any improvement on the global growth front is yet to be seen. Nonetheless, household spending is likely to continue boosting the U.S. economy on the back of a buoyant consumer confidence, solid employment and faster wage growth.
Weak investment levels continue to hamper growth, which is in turn is leading to lower productivity. Thus, the combination of rising wage levels and low productivity will likely pose a threat to profitability of corporates in the coming quarters. In fact, based on these concerns, the International Monetary Fund lowered its outlook for the U.S. economic growth rate by 0.2% to 2.2%, in its latest global outlook.
In such a scenario, it becomes difficult for investors to pick right stocks. A basic analysis solely based on a stock's fundaments may not be sufficient to take an investment decision on it. Hence, one can rely on broker recommendations. Brokers have a deeper understanding of the impact of economic developments on the stocks and the sectors, so their advice should lead to better returns. Also, an average of all broker recommendations provides the most likely picture of the stock's future.
4 Broker-Favorite Small Cap Stocks to Buy Now
We have shortlisted four broker-favorite small cap stocks from four different sectors with the help of Zacks stock screener . For these stocks, which have a market capitalization of less than $1 billion, more than 85% of the covering brokers have a bullish stance. These four stocks also carry a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Moreover, these stocks have a VGM Score of 'A'. Our research shows that stocks with a VGM Score of 'A' or 'B' when combined with a Zacks Rank #1 or 2 (Buy) offer the best upside potential.
Argan, Inc. ( AGX ), headquartered in Rockville, MD, through its wholly owned Southern Maryland Cable, Inc. subsidiary, provides inside premise wiring services to the federal government and also provides underground and aerial construction services and splicing to major telecommunications and utilities customers.
Number of Brokers that Rated the Stock: 2
Brokers with Buy Recommendation: 100%
Market Cap: $766.52 million
Ducommun Inc. ( DCO ) manufactures components and assemblies, principally for domestic and foreign commercial and military aircraft and space programs. Ducommun is a subcontractor to Lockheed Martin on the Space Shuttle external tank and is a supplier of components for the Space Shuttle, as well as for the International Space Station. Ducommun is based in Carson, CA.
Number of Brokers that Rated the Stock: 3
Brokers with Buy Recommendation: 100%
Market Cap: $246.57 million
Headquartered in Bethesda, United States, Enviva Partners, LP ( EVA ) is a master limited partnership which owns and operates wood pellet production plants. It serves primarily in the United States and Europe.
Number of Brokers that Rated the Stock: 2
Brokers with Buy Recommendation: 100%
Market Cap: $310.25 million
Horizon Global Corporation ( HZN ) is a designer, manufacturer and distributor of towing, trailering, cargo management and accessory products for original equipment, aftermarket and retail customers. Horizon Global is headquartered in Troy, MI.
Number of Brokers that Rated the Stock: 3
Brokers with Buy Recommendation: 100%
Market Cap: $337.48 million
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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 recently featured in the blog include Argan, Inc. ( AGX ), Ducommun Inc. ( DCO ), Enviva Partners, LP ( EVA ) and Horizon Global Corporation ( HZN ) . Number of Brokers that Rated the Stock: 2 Brokers with Buy Recommendation: 100% Market Cap: $766.52 million Ducommun Inc. ( DCO ) manufactures components and assemblies, principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report ARGAN INC (AGX): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENVIVA PARTNERS (EVA): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks recently featured in the blog include Argan, Inc. ( AGX ), Ducommun Inc. ( DCO ), Enviva Partners, LP ( EVA ) and Horizon Global Corporation ( HZN ) . Click to get this free report ARGAN INC (AGX): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENVIVA PARTNERS (EVA): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report To read this article on Zacks.com click here. Number of Brokers that Rated the Stock: 2 Brokers with Buy Recommendation: 100% Market Cap: $766.52 million Ducommun Inc. ( DCO ) manufactures components and assemblies, principally for domestic and foreign commercial and military aircraft and space programs. | Click to get this free report ARGAN INC (AGX): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENVIVA PARTNERS (EVA): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include Argan, Inc. ( AGX ), Ducommun Inc. ( DCO ), Enviva Partners, LP ( EVA ) and Horizon Global Corporation ( HZN ) . Number of Brokers that Rated the Stock: 2 Brokers with Buy Recommendation: 100% Market Cap: $766.52 million Ducommun Inc. ( DCO ) manufactures components and assemblies, principally for domestic and foreign commercial and military aircraft and space programs. | Stocks recently featured in the blog include Argan, Inc. ( AGX ), Ducommun Inc. ( DCO ), Enviva Partners, LP ( EVA ) and Horizon Global Corporation ( HZN ) . Number of Brokers that Rated the Stock: 2 Brokers with Buy Recommendation: 100% Market Cap: $766.52 million Ducommun Inc. ( DCO ) manufactures components and assemblies, principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report ARGAN INC (AGX): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENVIVA PARTNERS (EVA): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report To read this article on Zacks.com click here. | 2a89980d-ebcf-4d2c-ba61-ba64c60dbfbe |
710238.0 | 2016-09-14 00:00:00 UTC | Boeing Wins $700M FMS Contract from Air Force for SDB I | DCO | https://www.nasdaq.com/articles/boeing-wins-%24700m-fms-contract-from-air-force-for-sdb-i-2016-09-14 | nan | nan | Aircraft major The Boeing Company 's BA Defense, Space and Security division recently won an indefinite-delivery/indefinite-quantity foreign military sales (FMS) contract from the Pentagon for the production of Small Diameter Bomb Increment I (SDB I) weapons systems. Valued at $700 million, the contract was awarded by the Air Force Life Cycle Management Center, Eglin Air Force Base, FL.
As per the terms of the contract, the Air Force will supply SDB I weapons of Lot 12-14 and associated carriage systems. Work is expected to be completed by Dec 12, 2021 and will be executed in St. Louis, MI. The contract will use fiscal 2015 and 2016 procurement funds. FMS funding of $130 million was already obligated when Boeing received the contract.
BOEING CO Price
BOEING CO Price | BOEING CO Quote
A Brief Note on SDB I
Boeing's GBU-39/B Small Diameter Bomb (SDB) is a next-generation strike weapon system that can be deployed from external as well as internal carriage systems. This low-cost and low collateral damage weapon comes with an Advanced Anti-Jam Global Positioning System-aided Inertial Navigation System (AJGPS/INS) that guides it toward the coordinates of a stationary target.
With a range greater than 60 nautical miles, SDB's precision guidance and compact size allow prosecution of more targets per sortie. In Aug 2003, following a two-year competitive phase, the Air Force selected Boeing to develop and build the SDB system. The company, along with the Air Force SDB I team, successfully delivered the weapon system ahead of schedule. Note that SDB I was first operationally deployed in 2005. Also, the SDB was first dropped in combat during a close air support sortie in Iraq, on Oct 5, 2006 and has been used on the F-15E ever since.
Our View
Being one of the largest defense contractors in the U.S., Boeing's SDB is also one of the very few weapon systems of its kind available in the market. The company serves the U.S. defense industry and its allies by producing, integrating and supporting precise, long-range and focused munitions capabilities. Currently, Boeing is designing the tail kit assembly for the B61-12, which will modernize guidance capability for the weapon under a contract that was awarded by the U.S. Air Force in Nov 2012.
We note that in the second quarter of 2016, the company's Defense, Space and Security business division garnered revenues of $7.2 billion buoyed by solid underlying operating performance. We expect the latest FMS contract to drive growth at the segment in the coming quarters and beyond.
However, we remind investors that Boeing's rival, Raytheon Company RTN - another defense giant in the U.S. - manufactures GBU-53/B Small Diameter Bomb Increment II (SDB II), which is an advanced weapon system in the line of the former's GBU-39/B SDB I. Notably, SDB II is an air-launched, net-enabled, precision strike weapon that can be used to attack both moving and stationary targets, even in adverse weather conditions.
Stocks to Consider
Both Boeing and Raytheon currently carry a Zacks Rank #3 (Hold). A couple of better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
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BOEING CO (BA): 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. | A couple of better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport a Zacks Rank #1 (Strong Buy). Click to get this free report BOEING CO (BA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Aircraft major The Boeing Company 's BA Defense, Space and Security division recently won an indefinite-delivery/indefinite-quantity foreign military sales (FMS) contract from the Pentagon for the production of Small Diameter Bomb Increment I (SDB I) weapons systems. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. A couple of better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport a Zacks Rank #1 (Strong Buy). BOEING CO Price BOEING CO Price | BOEING CO Quote A Brief Note on SDB I Boeing's GBU-39/B Small Diameter Bomb (SDB) is a next-generation strike weapon system that can be deployed from external as well as internal carriage systems. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. A couple of better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport a Zacks Rank #1 (Strong Buy). BOEING CO Price BOEING CO Price | BOEING CO Quote A Brief Note on SDB I Boeing's GBU-39/B Small Diameter Bomb (SDB) is a next-generation strike weapon system that can be deployed from external as well as internal carriage systems. | A couple of better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both of which sport a Zacks Rank #1 (Strong Buy). Click to get this free report BOEING CO (BA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. BOEING CO Price BOEING CO Price | BOEING CO Quote A Brief Note on SDB I Boeing's GBU-39/B Small Diameter Bomb (SDB) is a next-generation strike weapon system that can be deployed from external as well as internal carriage systems. | 349e2dff-2b74-4bfa-ac3e-1d3408dda5d2 |
710239.0 | 2016-09-13 00:00:00 UTC | 4 Small Cap Stocks that Brokers Love Right Now | DCO | https://www.nasdaq.com/articles/4-small-cap-stocks-that-brokers-love-right-now-2016-09-13 | nan | nan | The U.S. labor market has shown a decent recovery in the past few months and the inflation level is no longer a concern, but there is still a widespread debate regarding the overall health of the U.S. economy. As a result, the hike in interest rates is not expected to be a smooth affair.
Deteriorating infrastructure, rising income inequality, elevated pension and medical costs, large current account and government budget deficits are causes of concern. Further, any improvement on the global growth front is yet to be seen. Nonetheless, household spending is likely to continue boosting the U.S. economy on the back of a buoyant consumer confidence, solid employment and faster wage growth.
Weak investment levels continue to hamper growth, which is in turn is leading to lower productivity. Thus, the combination of rising wage levels and low productivity will likely pose a threat to profitability of corporates in the coming quarters. In fact, based on these concerns, the International Monetary Fund lowered its outlook for the U.S. economic growth rate by 0.2% to 2.2%, in its latest global outlook.
In such a scenario, it becomes difficult for investors to pick right stocks. A basic analysis solely based on a stock's fundaments may not be sufficient to take an investment decision on it. Hence, one can rely on broker recommendations. Brokers have a deeper understanding of the impact of economic developments on the stocks and the sectors, so their advice should lead to better returns. Also, an average of all broker recommendations provides the most likely picture of the stock's future.
4 Broker-Favorite Small Cap Stocks to Buy Now
We have shortlisted four broker-favorite small cap stocks from four different sectors with the help of Zacks stock screener . For these stocks, which have a market capitalization of less than $1 billion, more than 85% of the covering brokers have a bullish stance. These four stocks also carry a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Moreover, these stocks have a VGM Score of 'A'. Our research shows that stocks with a VGM Score of 'A' or 'B' when combined with a Zacks Rank #1 or 2 (Buy) offer the best upside potential.
Argan, Inc.AGX , headquartered in Rockville, MD, through its wholly owned Southern Maryland Cable, Inc. subsidiary, provides inside premise wiring services to the federal government and also provides underground and aerial construction services and splicing to major telecommunications and utilities customers.
Number of Brokers that Rated the Stock: 2
Brokers with Buy Recommendation: 100%
Market Cap: $766.52 million
Ducommun Inc.DCO manufactures components and assemblies, principally for domestic and foreign commercial and military aircraft and space programs. Ducommun is a subcontractor to Lockheed Martin on the Space Shuttle external tank and is a supplier of components for the Space Shuttle, as well as for the International Space Station. Ducommun is based in Carson, CA.
Number of Brokers that Rated the Stock: 3
Brokers with Buy Recommendation: 100%
Market Cap: $246.57 million
Headquartered in Bethesda, United States, Enviva Partners, LPEVA is a master limited partnership which owns and operates wood pellet production plants. It serves primarily in the United States and Europe.
Number of Brokers that Rated the Stock: 2
Brokers with Buy Recommendation: 100%
Market Cap: $310.25 million
Horizon Global CorporationHZN is a designer, manufacturer and distributor of towing, trailering, cargo management and accessory products for original equipment, aftermarket and retail customers. Horizon Globalis headquartered in Troy, MI.
Number of Brokers that Rated the Stock: 3
Brokers with Buy Recommendation: 100%
Market Cap: $337.48 million
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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. | Number of Brokers that Rated the Stock: 2 Brokers with Buy Recommendation: 100% Market Cap: $766.52 million Ducommun Inc.DCO manufactures components and assemblies, principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report ENVIVA PARTNERS (EVA): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report To read this article on Zacks.com click here. The U.S. labor market has shown a decent recovery in the past few months and the inflation level is no longer a concern, but there is still a widespread debate regarding the overall health of the U.S. economy. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report ENVIVA PARTNERS (EVA): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report To read this article on Zacks.com click here. Number of Brokers that Rated the Stock: 2 Brokers with Buy Recommendation: 100% Market Cap: $766.52 million Ducommun Inc.DCO manufactures components and assemblies, principally for domestic and foreign commercial and military aircraft and space programs. Number of Brokers that Rated the Stock: 3 Brokers with Buy Recommendation: 100% Market Cap: $246.57 million Headquartered in Bethesda, United States, Enviva Partners, LPEVA is a master limited partnership which owns and operates wood pellet production plants. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report ENVIVA PARTNERS (EVA): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report To read this article on Zacks.com click here. Number of Brokers that Rated the Stock: 2 Brokers with Buy Recommendation: 100% Market Cap: $766.52 million Ducommun Inc.DCO manufactures components and assemblies, principally for domestic and foreign commercial and military aircraft and space programs. Number of Brokers that Rated the Stock: 3 Brokers with Buy Recommendation: 100% Market Cap: $246.57 million Headquartered in Bethesda, United States, Enviva Partners, LPEVA is a master limited partnership which owns and operates wood pellet production plants. | Number of Brokers that Rated the Stock: 2 Brokers with Buy Recommendation: 100% Market Cap: $766.52 million Ducommun Inc.DCO manufactures components and assemblies, principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ARGAN INC (AGX): Free Stock Analysis Report ENVIVA PARTNERS (EVA): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report To read this article on Zacks.com click here. Our research shows that stocks with a VGM Score of 'A' or 'B' when combined with a Zacks Rank #1 or 2 (Buy) offer the best upside potential. | 45b6deb8-2878-4145-bd3f-4e63c9335de5 |
710240.0 | 2016-09-09 00:00:00 UTC | Lockheed Martin (LMT) Wins $133M Deal for KC-130J Aircraft | DCO | https://www.nasdaq.com/articles/lockheed-martin-lmt-wins-%24133m-deal-for-kc-130j-aircraft-2016-09-09 | nan | nan | Defense prime Lockheed MartinCorp .'s LMT Aeronautics division has received a modification contract from the U.S. Air Force for the government-configured KC-130J aircraft. The contract is valued at $132.6 million and was awarded by the Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, OH.
Per the terms of the contract, Lockheed Martin will supply 2 KC-130J aircraft to France. Work is scheduled to be executed in Marietta, GA and will be completed by Apr 30, 2020.
LOCKHEED MARTIN Price
LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote
About the KC-130J
The KC-130J is a multi-role tanker aircraft which achieved initial operational capability in 2005. The aircraft, which integrates a fire control unit for weapon systems, is an advanced derivative of Lockheed Martin's renowned C-130J transport jet.
Primary missions of the KC-130J tactical aircraft include aerial refueling, tactical transportation of passengers and cargo, aerial delivery, ground refueling and emergency re-supply.
In addition, KC-130J can accommodate 92 ground troops or 64 paratroopers and equipment, while conducting tactical transport duties. It can carry 74 patients on stretchers and accompaniments in medical rescue operations.
Our View
Late last month, Lockheed Martin won a modification contract, worth $28 million, from the U.S. Air Force for the C-130J aircraft. Per the modification, Lockheed Martin will manufacture five aircraft in addition to the number of units specified in the base contract.
Lockheed Martin is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs. In the second quarter of 2016, the company recorded revenue growth of $250 million in its Aeronautics business division, which reflects huge demand for its products in the global market.
Also, the company has raised its 2016 sales outlook for the Aeronautics division by $350 million. We believe that the latest contract win for the KC-130J aircraft will support the raised sales guidance for the Aeronautics division.
Stocks to Consider
Lockheed Martin currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . While Engility and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (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. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Lockheed Martin is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . LOCKHEED MARTIN Price LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote About the KC-130J The KC-130J is a multi-role tanker aircraft which achieved initial operational capability in 2005. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . LOCKHEED MARTIN Price LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote About the KC-130J The KC-130J is a multi-role tanker aircraft which achieved initial operational capability in 2005. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Our View Late last month, Lockheed Martin won a modification contract, worth $28 million, from the U.S. Air Force for the C-130J aircraft. | 2aeb543e-d25f-434e-ab01-a7c17e9be00b |
710241.0 | 2016-09-09 00:00:00 UTC | Boeing to Redesign 737 Max 9 to Vie with Airbus A321neo | DCO | https://www.nasdaq.com/articles/boeing-to-redesign-737-max-9-to-vie-with-airbus-a321neo-2016-09-09 | nan | nan | In a bid to compete against Airbus Group NV's EADSY longest single-aisle jet - A321neo, The Boeing CompanyBA is analyzing two potential designs for a longer version of its existing 737 Max 9 model, as per a recent report by Bloomberg. The new model, to be named Max 10, will be the largest aircraft in Boeing's 737 product line.
Notably, Boeing's 737 MAX family of commercial aircraft incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. Note, that the 737 Max 9 is presently the longest narrow-body aircraft with the capacity to accommodate up to 200 passengers.
BOEING CO Price
BOEING CO Price | BOEING CO Quote
What to Expect from the Max 10?
As per Bloomberg, the 737 Max 10 will not only be longer than its predecessor, but will also incorporate the larger, upgraded engines that are currently used in the Airbus jets. Boeing's management claims that the 737 Max 10 model will cater to worldwide aircraft customers with an improved alternative to Airbus' A321neo will cater to customers worldwide.
Will the 737 Max 10 Benefit Boeing?
To assess the 737 Max 10's potential to drive Boeing's business, a brief analysis of Airbus' A321neo is essential. Note that Airbus A321neo enjoys a distinct advantage over Boeing's Max 9 model based on its size and operating efficiencies, as it can accommodate a higher number of passengers (up to 240 in high density) being eight feet longer than the latter.
However, the lack of details related to the new Max 10's passenger capacity makes it difficult to accurately gauge its features, thereby raising questions over the new model's superiority over Airbus A321neo.
Meanwhile, Airbus A321neo is set to hit the market in 2019 and has already received 1,334 orders, reflecting huge demand for the A320 family of aircraft. Boeing, on the other hand, expects to launch the 737 Max 10 in late 2021.
Obviously, such a long time gap between the commercial debuts of the two models will go in favor of Airbus because by the time the 737 Max 10 is ready to hit the market, a considerable market share will already be captured by Airbus.
On the bright side, redesigning an existing model is expected to be significantly cheaper than launching a novel aircraft. However, revamping and upgrading the Max 9 model will involve increased engine thrust and a change in the landing gear, which will only be beneficial if the Max 10 model rakes in higher profits than the A321neo.
Lastly, although many analysts are skeptical as to whether this redesigning will prove to be profitable for Boeing, we remind investors that the 737 product line is the company's biggest source of revenues. The company is currently on track to increase the production of the 737 from the current level of 42 per month to 47 in 2017, followed by 52 in 2018 and 57 in 2019. That said, only time will tell if the new Max 10 model will be able to fetch as much profit as Boeing anticipates.
Demand for New Airplanes
We also note that Boeing currently forecasts demand for 39,620 new airplanes over the next 20 years, reflecting an increase of 4.1% over last year's forecast. In the broader market, demand for the single-aisle jet category will be particularly strong, with low-cost carriers and emerging markets driving growth. 28,140 new airplanes will be needed in this segment, indicating an increase of over 5% from last year. Given this forecast and the huge demand that Boeing's 737 family of jets already enjoys in the market, we expect the new 737 Max 10 model to hit the market right when the demand is projected to see uptick.
Stocks to Consider
Boeing currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . While Engility and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (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. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Click to get this free report BOEING CO (BA): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report To read this article on Zacks.com click here. In a bid to compete against Airbus Group NV's EADSY longest single-aisle jet - A321neo, The Boeing CompanyBA is analyzing two potential designs for a longer version of its existing 737 Max 9 model, as per a recent report by Bloomberg. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . In a bid to compete against Airbus Group NV's EADSY longest single-aisle jet - A321neo, The Boeing CompanyBA is analyzing two potential designs for a longer version of its existing 737 Max 9 model, as per a recent report by Bloomberg. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . BOEING CO Price BOEING CO Price | BOEING CO Quote What to Expect from the Max 10? | Click to get this free report BOEING CO (BA): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Boeing, on the other hand, expects to launch the 737 Max 10 in late 2021. | b60f567e-95b6-4179-b063-278b8bb01f3d |
710242.0 | 2016-09-07 00:00:00 UTC | TransDigm (TDG) to Acquire Young & Franklin and its Units | DCO | https://www.nasdaq.com/articles/transdigm-tdg-to-acquire-young-franklin-and-its-units-2016-09-07 | nan | nan | Aircraft components maker, TransDigm Group IncorporatedTDG inked a definitive agreement to acquire Young & Franklin Inc. and its subsidiaries, including Tactair Fluid Controls Inc. The deal will aid expand its footprint in the market of highly engineered, proprietary products with significant aftermarket content.
TransDigm expects this transaction to be concluded in fourth-quarter fiscal 2016, subject to regulatory approvals and customary closing conditions.
The Liverpool, NY-based Young & Franklin makes highly engineered valves and actuators, and almost all its products are proprietary. About 70% of its revenues come from the aerospace industry, while the industrial gas turbine market account for the remainder.
Its key platforms include Embraer's E2, Phenom 300 and Legacy 450/500 programs, Lockheed C130J, Mitsubishi MRJ, Bombardier's Challenger and Global programs, Bell UH1; and diverse GE, Solar and other industrial turbine applications. The company expects to generate sales of about $75 million for the year ending Dec 2016, with 70% revenues including aftermarket content.
Young & Franklin and Tactair are established manufacturers of proprietary products, with robust aftermarket content. Their innovative products will enable TransDigm to expand its offerings on a range of platforms.
TRANSDIGM GROUP Price and Consensus
TRANSDIGM GROUP Price and Consensus | TRANSDIGM GROUP Quote
TransDigm has been actively working toward strengthening and boosting its position in the highly-engineered proprietary aerospace components' niche markets. For this, the company has been eyeing proprietary aerospace businesses with strong aftermarket scope. In May, TransDigm wrapped up the purchase of ILC Holdings Inc. - the parent company of defense firm Data Device Corporation - for $1 billion. Data Device boasts a solid presence across key military aircraft platforms. It has also been enjoying a growing presence in the commercial aircraft market.
Also, early in the year, TransDigm acquired aircraft and weapons lifting and pulling systems maker, Breeze-Eastern. Such accretive acquisitions fortify this aircraft component maker's foothold in the aerospace industry and bode well for the company's long-term growth and profitability.
The company has seen a number of quarters of disconnected growth trends, but we believe that TransDigm is on a solid growth track again. Improvement in the commercial aftermarket along with significant uptick in defense bookings, augur well for its improvement in the coming quarters. In addition, the aircraft business is taking off globally and TransDigm is well placed to bank on this growth.
TransDigm presently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the aerospace and defense equipment industry are Ducommun Inc. DCO and Kratos Defense & Security Solutions, Inc. KTOS , both sporting a Zacks Rank #1 (Strong Buy), and CPI Aerostructures Inc. CVU , holding a Zacks Rank #2 (Buy).
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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 aerospace and defense equipment industry are Ducommun Inc. DCO and Kratos Defense & Security Solutions, Inc. KTOS , both sporting a Zacks Rank #1 (Strong Buy), and CPI Aerostructures Inc. CVU , holding a Zacks Rank #2 (Buy). Click to get this free report TRANSDIGM GROUP (TDG): Free Stock Analysis Report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Aircraft components maker, TransDigm Group IncorporatedTDG inked a definitive agreement to acquire Young & Franklin Inc. and its subsidiaries, including Tactair Fluid Controls Inc. | Some better-ranked stocks in the aerospace and defense equipment industry are Ducommun Inc. DCO and Kratos Defense & Security Solutions, Inc. KTOS , both sporting a Zacks Rank #1 (Strong Buy), and CPI Aerostructures Inc. CVU , holding a Zacks Rank #2 (Buy). Click to get this free report TRANSDIGM GROUP (TDG): Free Stock Analysis Report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. TRANSDIGM GROUP Price and Consensus TRANSDIGM GROUP Price and Consensus | TRANSDIGM GROUP Quote TransDigm has been actively working toward strengthening and boosting its position in the highly-engineered proprietary aerospace components' niche markets. | Some better-ranked stocks in the aerospace and defense equipment industry are Ducommun Inc. DCO and Kratos Defense & Security Solutions, Inc. KTOS , both sporting a Zacks Rank #1 (Strong Buy), and CPI Aerostructures Inc. CVU , holding a Zacks Rank #2 (Buy). Click to get this free report TRANSDIGM GROUP (TDG): Free Stock Analysis Report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. TRANSDIGM GROUP Price and Consensus TRANSDIGM GROUP Price and Consensus | TRANSDIGM GROUP Quote TransDigm has been actively working toward strengthening and boosting its position in the highly-engineered proprietary aerospace components' niche markets. | Some better-ranked stocks in the aerospace and defense equipment industry are Ducommun Inc. DCO and Kratos Defense & Security Solutions, Inc. KTOS , both sporting a Zacks Rank #1 (Strong Buy), and CPI Aerostructures Inc. CVU , holding a Zacks Rank #2 (Buy). Click to get this free report TRANSDIGM GROUP (TDG): Free Stock Analysis Report CPI AEROSTRUCTR (CVU): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Aircraft components maker, TransDigm Group IncorporatedTDG inked a definitive agreement to acquire Young & Franklin Inc. and its subsidiaries, including Tactair Fluid Controls Inc. | 88a40d59-d267-4f71-b7b3-6162590f6807 |
710243.0 | 2016-09-07 00:00:00 UTC | 7 Stocks with Recent Price Strength Set to Gain Further | DCO | https://www.nasdaq.com/articles/7-stocks-with-recent-price-strength-set-to-gain-further-2016-09-07 | nan | nan | In the stock market, finding a win-win strategy is easier said than done. No matter how disciplined and systematic investors are, equity market volatility will always manage to the better of them. A few lucky ones rake in the moolah but others fall victim to ad hoc strategies.
One could take resort to the commonly used techniques to find beaten down stocks that have the potential to recover faster than others. But this bears the risk of disappointment as one could fall into the value trap if the selected stock's hidden weakness is not identified.
In the stock game, winning means reaching a higher price. So, how about looking for the current winners that have the potential to gain further?
Sounds a good idea? Here is how to execute it:
One should primarily look for stocks that have recently witnessed a price increase. Actually, stocks that have recently seen price strength have high chances of carrying the momentum forward.
If a stock is continuously moving higher, there must be a good reason for the rise or else it probably would have fallen like the losers. So, looking at those that have already won the game and are capable of beating the benchmark that they have set for themselves sounds rational.
Nevertheless, recent price strength alone cannot do the trick. Club together other relevant parameters in your game plan to get the optimum return on your investment.
Here's how you should create the screen to shortlist the current as well as the potential winners.
Screening Parameters:
Percentage Change in Price (4 Weeks) greater than zero: This criterion shows that the stock has moved higher in the last four weeks.
Percentage Change Price (12 Weeks) greater than 10: This indicates that the stock has seen momentum over the last three months. This lowers the risk of choosing stocks that may have drawn attention due to the overwhelming performance of the overall market in a very short period.
Zacks Rank 1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance.
Average Broker Rating 1: This indicates that brokers are also highly hopeful about the stock's future performance.
Current Price greater than 5: The stocks must all be trading at a minimum of $5 or higher.
Current Price/ 52-Week High-Low Range more than 85%: This criterion filters stocks that are trading near their respective 52-week highs. It indicates that these are strong enough in terms of price.
Here are seven of the 11 stocks that made it through this screen:
HomeStreet, Inc.HMST is a diversified financial services company engaged in real estate lending, including mortgage banking activities, and retail and business banking operations, in the Pacific Northwest and Hawaii. The company beat the Zacks Consensus Estimate thrice in the preceding four quarters, with an average positive surprise of 17.3%.
Horizon Global Corp.HZN is a designer, manufacturer and distributor of towing, trailering, cargo management and accessory products for original equipment, aftermarket and retail customers. The company beat the Zacks Consensus Estimate twice and missed in the other two of the preceding four quarters. However, the average was a positive surprise of 11.9%.
Hallador Energy Co.HNRG , formerly known as Hallador Petroleum Company, is engaged in the production of steam coal. The company's primary operating property is the Carlisle underground coal mine located in western Indiana. Last quarter, the company posted earnings of 19 cents, beating the Zacks Consensus Estimate of 2 cents.
Ducommun Inc.DCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Ducommun is a subcontractor to Lockheed Martin on the Space Shuttle external tank and a supplier of components for the Space Shuttle as well as for the International Space Station. Last quarter, the company posted a positive earnings surprise of 21.4%.
Tata Motors LimitedTTM is India's leading automobile manufacturer. The company is engaged in designing, developing, manufacturing, assembling, selling, and exporting of passenger and commercial vehicles.
Evotec AGEVTCY is a leader in the discovery and development of novel small molecule drugs. The company has established a powerful platform applicable to targets across all therapeutic areas and has expertise in Central Nervous System related diseases for which it is building a pipeline of drug candidates for partnering.
Liberty Broadband Corp.LBRDA , through its subsidiaries, engages in providing digital cable services to residential and commercial customers; and entertainment, information, and communications solutions. It also provides wireless location positioning and related services.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance.
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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. | Ducommun Inc.DCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report LIBERTY BRDBD-A (LBRDA): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report EVOTEC AG-ADR (EVTCY): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report HOMESTREET INC (HMST): Free Stock Analysis Report To read this article on Zacks.com click here. Horizon Global Corp.HZN is a designer, manufacturer and distributor of towing, trailering, cargo management and accessory products for original equipment, aftermarket and retail customers. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report LIBERTY BRDBD-A (LBRDA): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report EVOTEC AG-ADR (EVTCY): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report HOMESTREET INC (HMST): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc.DCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Last quarter, the company posted earnings of 19 cents, beating the Zacks Consensus Estimate of 2 cents. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report LIBERTY BRDBD-A (LBRDA): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report EVOTEC AG-ADR (EVTCY): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report HOMESTREET INC (HMST): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc.DCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Zacks Rank 1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. | Ducommun Inc.DCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report LIBERTY BRDBD-A (LBRDA): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report EVOTEC AG-ADR (EVTCY): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report HOMESTREET INC (HMST): Free Stock Analysis Report To read this article on Zacks.com click here. In the stock market, finding a win-win strategy is easier said than done. | 60150585-517e-4055-a156-7a17d518dbae |
710244.0 | 2016-09-05 00:00:00 UTC | Lockheed's (LMT) Sikorsky Wins $135M Deal for 24 Black Hawks | DCO | https://www.nasdaq.com/articles/lockheeds-lmt-sikorsky-wins-%24135m-deal-for-24-black-hawks-2016-09-05 | nan | nan | Defense giant Lockheed Martin Corp 's LMT business unit, Sikorsky Aircraft recently won a modification contract from the U.S. Army for the sale of 24 UH-60M Black Hawk aircraft to the Taiwan government. The contract is valued at $135.4 million and was awarded by the Army Contracting Command, Redstone Arsenal, AL.
Work is scheduled to be complete by Oct 8, 2018 and will be executed inStratford, CT. The contract will use fiscal 2016 other procurement funds.
LOCKHEED MARTIN Price
LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote
The UH-60M Black Hawk
Originally developed and manufactured by Sikorsky, the UH-60M is a modified version of the renowned Black Hawk family of helicopters that supports multi-mission tactical operations. It is a twin-engine copter with four blades and an improved durability gearbox.
This medium-lift utility chopper offers fail-safe service, during both day and night, in the harshest weather conditions, anywhere in the world. Among other models of the Black Hawk, UH-60M is the most efficient, thanks to its integrated digital cockpit, moving map display, enhanced GPS/INS system and fully coupled flight controls and superior vertical lift.
Our View
Last November, Lockheed Martin bought Sikorsky Aircraft - one of the primary industry leading helicopter manufacturers in the U.S. - from United Technologies Corp. UTX for $9 billion in cash. The deal positioned Lockheed as the world's largest defense contractor, particularly with the addition of Sikorsky's world-known product, Black Hawk along with a handful of other combat as well as commercial choppers, to its helicopter product line.
We note that in the second quarter of 2016, Lockheed Martin witnessed year-over-year sales growth of 11%, majority of which was due to the Sikorsky buyout. Going ahead, management expects to witness even better cash flows from Sikorsky in 2018, indicating further expansion of the unit in the days to come.
Stocks to Consider
Lockheed Martin currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . While Engility and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (Buy).
Confidential from Zacks
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GENL DYNAMICS (GD): Free Stock Analysis Report
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DUCOMMUN INC DE (DCO): Free Stock Analysis Report
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ENGILITY HLDGS (EGL): 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. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Among other models of the Black Hawk, UH-60M is the most efficient, thanks to its integrated digital cockpit, moving map display, enhanced GPS/INS system and fully coupled flight controls and superior vertical lift. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . LOCKHEED MARTIN Price LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote The UH-60M Black Hawk Originally developed and manufactured by Sikorsky, the UH-60M is a modified version of the renowned Black Hawk family of helicopters that supports multi-mission tactical operations. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Defense giant Lockheed Martin Corp 's LMT business unit, Sikorsky Aircraft recently won a modification contract from the U.S. Army for the sale of 24 UH-60M Black Hawk aircraft to the Taiwan government. | A few better-ranked stocks in the aerospace and defense sector include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Defense giant Lockheed Martin Corp 's LMT business unit, Sikorsky Aircraft recently won a modification contract from the U.S. Army for the sale of 24 UH-60M Black Hawk aircraft to the Taiwan government. | 17956574-d4f9-4a44-9fb5-03bb90d29562 |
710245.0 | 2016-09-02 00:00:00 UTC | Lockheed Martin (LMT) Wins $204M Deal for Aegis BMD 5.1 | DCO | https://www.nasdaq.com/articles/lockheed-martin-lmt-wins-%24204m-deal-for-aegis-bmd-5.1-2016-09-02 | nan | nan | Defense contractor Lockheed Martin Corp .'s LMT Mission Systems and Training division recently won a modification contract from the U.S. Department of Defense for development of the Aegis Ballistic Missile Defense (ABMD) 5.1 system and adaption of Aegis Ashore. The latest modification has raised the total cost of the Aegis project from $2.24 billion to $2.44 billion.
The contract is valued at $204.3 million and was awarded by the Missile Defense Agency, Dahlgren, VA. Work will be carried out in Moorestown, NJ.
Work is scheduled to be complete by Sep 30, 2018 and on completion, it will deploy a certified ABMD 5.1 baseline. The contract will utilize fiscal 2016 research, development, test and evaluation funds.
LOCKHEED MARTIN Price
LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote
About Aegis
Lockheed Martin's ABMD is the naval component of the U.S. Missile Defense Agency's Ballistic Missile Defense System (BMDS). It is the world's only maritime BMDS that can simultaneously attack land targets, submarines and surface ships, while protecting the fleet against aircraft, cruise missiles and ballistic missiles.
Over time, Aegis has evolved new capabilities to counter emerging threats and leverage new technologies. Its latest configuration, called Baseline 9, offers an open architecture framework to allow endless flexibility.
ABMD 5.1 and Aegis Ashore
The ABMD system is available in many versions and the Baseline 5.1 version is scheduled to begin deployment in 2018. ABMD 5.1 will incorporate the SM-3 Block IIA - a new high-speed missile co-developed by the U.S. and Japan - into its combat system. This version also boasts improved data links to permit engage-on-remote operation and will be able to engage longer-range missiles.
On the other hand, Aegis Ashore is the first operational land-based version of the Aegis Combat System, which aims at offering affordable solutions to expand the protection of the Aegis Combat System to inland areas. The first Aegis Ashore site has already been installed in Deveselu, Romania and is expected to become operational by the end of this year. The second Aegis Ashore site, which will initially be deployed with Aegis 5.1, is set to go online in Poland in 2018.
Our View
Headquartered in Washington, DC, Lockheed Martin's Mission Systems and Training business carry out some of the company's high-profile programs including the Aegis Combat System, Littoral Combat Ship, MH-60 helicopter avionics, and military and commercial orders. The division's second-quarter sales of $3.3 billion improved 53% from the prior-year quarter. However, operating profit declined 23% year over year to $202 million, while operating margin shrunk 600 basis points to 6.1%.
Going ahead, the company expects 2016 Mission Systems and Training net sales to grow in the mid-double-digit percentage range. That said, the aforementioned contract gain has high potential to significantly boost revenues from Lockheed Martin's Mission Systems and Training division.
Stocks to Consider
Lockheed Martin currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . While Engility Holdings and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (Buy).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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GENL DYNAMICS (GD): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis Report
DUCOMMUN INC DE (DCO): Free Stock Analysis Report
ENGILITY HLDGS (EGL): 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. | Better-ranked stocks in the same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. The contract is valued at $204.3 million and was awarded by the Missile Defense Agency, Dahlgren, VA. Work will be carried out in Moorestown, NJ. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . LOCKHEED MARTIN Price LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote About Aegis Lockheed Martin's ABMD is the naval component of the U.S. Missile Defense Agency's Ballistic Missile Defense System (BMDS). | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . 's LMT Mission Systems and Training division recently won a modification contract from the U.S. Department of Defense for development of the Aegis Ballistic Missile Defense (ABMD) 5.1 system and adaption of Aegis Ashore. | Better-ranked stocks in the same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. 's LMT Mission Systems and Training division recently won a modification contract from the U.S. Department of Defense for development of the Aegis Ballistic Missile Defense (ABMD) 5.1 system and adaption of Aegis Ashore. | 7ef426fc-28c0-4591-bd82-ef42e49ef549 |
710246.0 | 2016-09-02 00:00:00 UTC | The Zacks Analyst Blog Highlights: Chemours, Cooper-Standard Holdings, Ducommun, Horizon Global and Dixie Group | DCO | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-chemours-cooper-standard-holdings-ducommun-horizon | nan | nan | For Immediate Release
Chicago, IL - September 02, 2016 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Chemours Company ( CC ), Cooper-Standard Holdings Inc. ( CPS ), Ducommun Inc. ( DCO ), Horizon Global Corporation ( HZN ) and Dixie Group, Inc. ( DXYN ) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Thursday's Analyst Blog:
5 Great Value Stocks for Growth Investors in September
Value investors always tend to invest in stocks that trade at a lower price regardless of what the performance of the companies might indicate. In other words, these stocks are known as value stocks and are mostly undervalued. Growth investors, on the other hand, usually incline toward stocks with above-average earnings growth than the market. These stocks are mostly overvalued and are expected to generate substantial capital gains.
Value investing is for investors looking to buy stocks whose value is lower than the intrinsic value. Hence, these investors are always on the lookout for stocks with low price-to-earnings (P/E) ratio or high dividend yield. On the flip side, growth investors focus on stocks with higher P/E ratio and industries with strong momentum.
In recent years, growth stocks have stolen the thunder from value stocks. But the tide seems to be turning, as the outperformance of such growth stocks forms the basis of an argument which tend to favor the value stocks rising to prominence in the near term.
The Federal Reserve's recent announcement of a possibility of raising the interest rates, and the consistent improvement of the labor market has not only strengthened the case for interest rate hike but has also eliminated the fears over the health of the U.S. economy.
However, it is a difficult task for the investors to zero in on the stocks that offer great value despite trading at a low price at the moment. Given the stark difference between value investing and growth investing, taking a prudent investment decision might appear to be a daunting task. An investor needs to use the right tools and metrics to select such stocks which are currently trading below their intrinsic value and to invest in those stocks before they're discovered by the market.
This is where our proven Zacks Rank system comes to the rescue. Using our proven methodology, investors can not only identify the attractive picks but also ascertain the industries which might turn out to be value accretive, going ahead.
The attractiveness of a stock as an investment option is confirmed by its Value Style Score and the Growth Style Score of "A" (or "B"). Our research shows that stocks with Style Scores of "A" or "B" when combined with a Zacks Rank #1 (Strong Buy) or #2 (Buy) offer the best upside potential.
Based on the above measures, we have shortlisted five stocks sporting a Zacks Rank #1 (Strong Buy) and having Value Score and Growth Score of "A".
The Chemours Company ( CC ) headquartered in Wilmington, DE, deals in chemical business. The company's operations consist of Titanium Technologies, Fluoroproducts and Chemical Solutions.
Cooper-Standard Holdings Inc. ( CPS ) was established in 1960 and has is headquartered in Novi, MI. The company operates as a supplier of systems and components for the automotive industry. Its products include sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems.
Ducommun Inc. ( DCO ), headquartered in Carson, CA, manufactures components and assemblies for domestic and foreign commercial and military aircraft and space programs.
Horizon Global Corporation ( HZN ) , headquartered in Troy, MI, is a designer, manufacturer and distributor of towing, trailering, cargo management and accessory products for original equipment, aftermarket and retail customers.
The Dixie Group, Inc. ( DXYN ) was founded in 1920 and is based in Dalton, GA. The company is a leading carpet and rug manufacturer and supplier to higher-end residential and commercial customers serviced by Masland Carpets and Fabrica International, to consumers through major retailers under the Bretlin, Globaltex and Alliance Mills brands and to the factory-built housing and recreational vehicle markets through Carriage Carpets.
Where Do Zacks' Investment Ideas Come From? You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
About Zacks Equity Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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CHEMOURS COMPNY (CC): Free Stock Analysis Report
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DIXIE GRP INC (DXYN): 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. | Stocks recently featured in the blog include Chemours Company ( CC ), Cooper-Standard Holdings Inc. ( CPS ), Ducommun Inc. ( DCO ), Horizon Global Corporation ( HZN ) and Dixie Group, Inc. ( DXYN ) . Ducommun Inc. ( DCO ), headquartered in Carson, CA, manufactures components and assemblies for domestic and foreign commercial and military aircraft and space programs. Click to get this free report CHEMOURS COMPNY (CC): Free Stock Analysis Report COOPER-STANDARD (CPS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report DIXIE GRP INC (DXYN): Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks recently featured in the blog include Chemours Company ( CC ), Cooper-Standard Holdings Inc. ( CPS ), Ducommun Inc. ( DCO ), Horizon Global Corporation ( HZN ) and Dixie Group, Inc. ( DXYN ) . Click to get this free report CHEMOURS COMPNY (CC): Free Stock Analysis Report COOPER-STANDARD (CPS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report DIXIE GRP INC (DXYN): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc. ( DCO ), headquartered in Carson, CA, manufactures components and assemblies for domestic and foreign commercial and military aircraft and space programs. | Click to get this free report CHEMOURS COMPNY (CC): Free Stock Analysis Report COOPER-STANDARD (CPS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report DIXIE GRP INC (DXYN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include Chemours Company ( CC ), Cooper-Standard Holdings Inc. ( CPS ), Ducommun Inc. ( DCO ), Horizon Global Corporation ( HZN ) and Dixie Group, Inc. ( DXYN ) . Ducommun Inc. ( DCO ), headquartered in Carson, CA, manufactures components and assemblies for domestic and foreign commercial and military aircraft and space programs. | Stocks recently featured in the blog include Chemours Company ( CC ), Cooper-Standard Holdings Inc. ( CPS ), Ducommun Inc. ( DCO ), Horizon Global Corporation ( HZN ) and Dixie Group, Inc. ( DXYN ) . Ducommun Inc. ( DCO ), headquartered in Carson, CA, manufactures components and assemblies for domestic and foreign commercial and military aircraft and space programs. Click to get this free report CHEMOURS COMPNY (CC): Free Stock Analysis Report COOPER-STANDARD (CPS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report DIXIE GRP INC (DXYN): Free Stock Analysis Report To read this article on Zacks.com click here. | 23135d26-cdb4-43e3-ae48-6fde9fb15bd7 |
710247.0 | 2016-09-01 00:00:00 UTC | 5 Great Value Stocks for Growth Investors in September | DCO | https://www.nasdaq.com/articles/5-great-value-stocks-for-growth-investors-in-september-2016-09-01 | nan | nan | Value investors always tend to invest in stocks that trade at a lower price regardless of what the performance of the companies might indicate. In other words, these stocks are known as value stocks and are mostly undervalued. Growth investors, on the other hand, usually incline toward stocks with above-average earnings growth than the market. These stocks are mostly overvalued and are expected to generate substantial capital gains.
Value investing is for investors looking to buy stocks whose value is lower than the intrinsic value. Hence, these investors are always on the lookout for stocks with low price-to-earnings (P/E) ratio or high dividend yield. On the flip side, growth investors focus on stocks with higher P/E ratio and industries with strong momentum.
In recent years, growth stocks have stolen the thunder from value stocks. But the tide seems to be turning, as the outperformance of such growth stocks forms the basis of an argument which tend to favor the value stocks rising to prominence in the near term.
The Federal Reserve's recent announcement of a possibility of raising the interest rates, and the consistent improvement of the labor market has not only strengthened the case for interest rate hike but has also eliminated the fears over the health of the U.S. economy.
However, it is a difficult task for the investors to zero in on the stocks that offer great value despite trading at a low price at the moment. Given the stark difference between value investing and growth investing, taking a prudent investment decision might appear to be a daunting task. An investor needs to use the right tools and metrics to select such stocks which are currently trading below their intrinsic value and to invest in those stocks before they're discovered by the market.
This is where our proven Zacks Rank system comes to the rescue. Using our proven methodology, investors can not only identify the attractive picks but also ascertain the industries which might turn out to be value accretive, going ahead.
The attractiveness of a stock as an investment option is confirmed by its Value Style Score and the Growth Style Score of "A" (or "B"). Our research shows that stocks with Style Scores of "A" or "B" when combined with a Zacks Rank #1 (Strong Buy) or #2 (Buy) offer the best upside potential.
Based on the above measures, we have shortlisted five stocks sporting a Zacks Rank #1 (Strong Buy) and having Value Score and Growth Score of "A".
The Chemours CompanyCC headquartered in Wilmington, DE, deals in chemical business. The company's operations consist of Titanium Technologies, Fluoroproducts and Chemical Solutions.
Cooper-Standard Holdings Inc.CPS was established in 1960 and has is headquartered in Novi, MI. The company operates as a supplier of systems and components for the automotive industry. Its products include sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems.
Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies for domestic and foreign commercial and military aircraft and space programs.
Horizon Global CorporationHZN , headquartered in Troy, MI, is a designer, manufacturer and distributor of towing, trailering, cargo management and accessory products for original equipment, aftermarket and retail customers.
The Dixie Group, Inc.DXYN was founded in 1920 and is based in Dalton, GA. The company is a leading carpet and rug manufacturer and supplier to higher-end residential and commercial customers serviced by Masland Carpets and Fabrica International, to consumers through major retailers under the Bretlin, Globaltex and Alliance Mills brands and to the factory-built housing and recreational vehicle markets through Carriage Carpets.
Where Do Zacks' Investment Ideas Come From? You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DUCOMMUN INC DE (DCO): Free Stock Analysis Report
DIXIE GRP INC (DXYN): Free Stock Analysis Report
CHEMOURS COMPNY (CC): Free Stock Analysis Report
COOPER-STANDARD (CPS): Free Stock Analysis Report
HORIZON GLBL CP (HZN): 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. | Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies for domestic and foreign commercial and military aircraft and space programs. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report DIXIE GRP INC (DXYN): Free Stock Analysis Report CHEMOURS COMPNY (CC): Free Stock Analysis Report COOPER-STANDARD (CPS): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report To read this article on Zacks.com click here. Its products include sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report DIXIE GRP INC (DXYN): Free Stock Analysis Report CHEMOURS COMPNY (CC): Free Stock Analysis Report COOPER-STANDARD (CPS): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies for domestic and foreign commercial and military aircraft and space programs. You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report DIXIE GRP INC (DXYN): Free Stock Analysis Report CHEMOURS COMPNY (CC): Free Stock Analysis Report COOPER-STANDARD (CPS): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies for domestic and foreign commercial and military aircraft and space programs. An investor needs to use the right tools and metrics to select such stocks which are currently trading below their intrinsic value and to invest in those stocks before they're discovered by the market. | Ducommun Inc.DCO , headquartered in Carson, CA, manufactures components and assemblies for domestic and foreign commercial and military aircraft and space programs. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report DIXIE GRP INC (DXYN): Free Stock Analysis Report CHEMOURS COMPNY (CC): Free Stock Analysis Report COOPER-STANDARD (CPS): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report To read this article on Zacks.com click here. This is where our proven Zacks Rank system comes to the rescue. | d414cf10-ee5a-421c-8d87-5104aa674480 |
710248.0 | 2016-09-01 00:00:00 UTC | Textron (TXT) Gets Approval for Business Overhaul Drive | DCO | https://www.nasdaq.com/articles/textron-txt-gets-approval-for-business-overhaul-drive-2016-09-01 | nan | nan | Textron Inc. 's TXT board of directors has given a green signal to a plan of restructuring and realigning the company's businesses. The initiative aims to improve operating efficiency across Textron.
Textron expects the restructuring to be complete by Mar 2017. The Textron Systems and Industrial segments will undergo the maximum changes.
Impact on Textron Systems
Textron plans to cease production of a sensor-fuzed weapon or cluster bomb, which has been witnessing a decline in foreign military orders. According to the company, orders are declining primarily due to difficulty in obtaining approvals from the executive branch and congress for foreign military sales and sales to direct commercial international customers amid the present political environment.
Overall, the restructuring drive will result in layoffs, consolidation of operations and asset impairments in the Weapons and Sensors operating unit. Apart from these, the Textron Systems segment will see job cuts and asset impairments as well.
Impact on the Industrial Segment
The initiative also entails the consolidation of the Jacobsen turf-maintenance brand with the Textron Specialized Vehicle business. This will result in the combination of certain facilities, general and administrative functions and job cuts.
Charges Related to Restructuring
Post restructuring, Textron expects to incur pre-tax charges in the range of $110-$140 million in the third quarter of 2016. Severance and associated costs are expected to be in the range of $40-$55 million. The company anticipates contract termination and other facility closure charges of $25-$30 million and asset impairment charges of $45-$55 million. Cash outlays for the restructuring initiative are projected to be between $65 million and $85 million in 2016.
TEXTRON INC Price
TEXTRON INC Price | TEXTRON INC Quote
Zacks Rank & Key Picks
Textron currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . While Engility Holdings and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (Buy).
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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 aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report TEXTRON INC (TXT): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Textron Inc. 's TXT board of directors has given a green signal to a plan of restructuring and realigning the company's businesses. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report TEXTRON INC (TXT): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . TEXTRON INC Price TEXTRON INC Price | TEXTRON INC Quote Zacks Rank & Key Picks Textron currently has a Zacks Rank #3 (Hold). | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report TEXTRON INC (TXT): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Charges Related to Restructuring Post restructuring, Textron expects to incur pre-tax charges in the range of $110-$140 million in the third quarter of 2016. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report TEXTRON INC (TXT): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Apart from these, the Textron Systems segment will see job cuts and asset impairments as well. | 406b9106-5c03-4f37-b7ba-b2349dbda4c3 |
710249.0 | 2016-08-31 00:00:00 UTC | Lockheed's (LMT) Sikorsky Wins Black Hawk Defense Deal | DCO | https://www.nasdaq.com/articles/lockheeds-lmt-sikorsky-wins-black-hawk-defense-deal-2016-08-31 | nan | nan | Lockheed Martin Corp .'s LMT business unit, Sikorsky Aircraft Corp., has won a modification contract from the U.S. Army for exercising an option for 14 UH-60M helicopters. The contract is valued at $158.4 million and the contracting activity is Army Contracting Command, Redstone Arsenal, AL.
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LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote
Work, to be executed in Stratford, CT, is scheduled to be complete by Jun 30, 2017. The contract will use fiscal 2016, 2015 and 2010 other procurement funds.
Manufactured by Sikorsky, UH-60M Black Hawk is a twin-engine helicopter with four blades and medium-lift utility. Even amid the harshest of conditions, this aircraft is capable of providing constant, fail-safe service. Moreover, the aircraft is integrated with the U.S. Army's Future Combat Systems and automated aircraft health monitoring system and has the ability to provide superior vertical lift.
Lockheed Martin purchased Black Hawk helicopter maker, Sikorsky Aircraft, from United Technologies Corp. UTX on Nov 2015. The deal boosted Lockheed's position as the world's largest defense contractor, strengthening its military helicopter business. The purchase of Sikorsky added another well-known product - Black Hawk - to Lockheed Martin's helicopter portfolio.
We remind investors that Lockheed Martin reported better-than-expected second-quarter 2016 earnings on the back of solid operational performance. A tax benefit related to the early adoption of the employee share-based payments accounting standard also added to the positives. It even boosted its full-year 2016 outlook for EPS, revenues, operating profit and cash flow. The solid outlook, impressive revenue growth and potential share buybacks are major positives.
Lockheed Martin currently has a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both sporting a Zacks Rank #1 (Strong Buy).
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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 aerospace and defense space include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both sporting a Zacks Rank #1 (Strong Buy). Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Lockheed Martin purchased Black Hawk helicopter maker, Sikorsky Aircraft, from United Technologies Corp. UTX on Nov 2015. | Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both sporting a Zacks Rank #1 (Strong Buy). The contract is valued at $158.4 million and the contracting activity is Army Contracting Command, Redstone Arsenal, AL. LOCKHEED MARTIN Price LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote Work, to be executed in Stratford, CT, is scheduled to be complete by Jun 30, 2017. | Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both sporting a Zacks Rank #1 (Strong Buy). The contract is valued at $158.4 million and the contracting activity is Army Contracting Command, Redstone Arsenal, AL. LOCKHEED MARTIN Price LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote Work, to be executed in Stratford, CT, is scheduled to be complete by Jun 30, 2017. | Stocks to Consider Better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL and Ducommun Inc. DCO , both sporting a Zacks Rank #1 (Strong Buy). Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Lockheed Martin Corp . | 4a50f2cf-0806-4d01-833b-bc341d448377 |
710250.0 | 2016-08-31 00:00:00 UTC | Huntington Ingalls (HII) Unit Wins $88M Contract for NSC 9 | DCO | https://www.nasdaq.com/articles/huntington-ingalls-hii-unit-wins-%2488m-contract-for-nsc-9-2016-08-31 | nan | nan | Huntington Ingalls Industries, Inc. 's HII subsidiary, Ingalls Shipbuilding has clinched a contract from the U.S. Coast Guard to procure long-lead materials for the ninth National Security Cutter ("NSC"). The contract is valued at $88.2 million.
Huntington Ingalls will use advance procurement funds to buy important items for NSC 9, including steel, main propulsion systems, generators, electrical switchboards and major castings.
According to Kari Wilkinson, Ingalls' Vice President of program management, the latest contract will enable the company's shipbuilders to commence work on the assumption that it will be awarded the construction contract for the next ship under this program.
HUNTINGTON INGL Price
HUNTINGTON INGL Price | HUNTINGTON INGL Quote
The company has already delivered five NSCs. It expects to deliver Munro, the sixth NSC, and launch Kimball, the seventh NSC, in the fourth quarter of 2016. The eighth NSC, Midgett, is expected to be laid later this year.
These cutters will replace the old 12 Hamilton-class High-Endurance Cutters. The new of class comprises ships 418 feet long with a 54-foot beam, which can shift 4,500 tons with a full load. The cutters can cover 12,000 miles, with a maximum speed of 28 knots.
Per the statement of the Coast Guard leadership, these ships will help to strengthen front-line operations in the fight against crime, particularly drug interdictions. Ingalls Shipbuilding is providing the advanced fleet of cutters to allow the Coast Guard to continue carrying out its daily missions of protecting the U.S. shores.
Demand for this class of ships is enabling Huntington Ingalls to build each ship more effectively and efficiently than its predecessor. This means that if Huntington Ingalls receives more orders for these cutters from the U.S. Navy, it will further boost economies of scale.
Huntington Ingalls is the prime industrial employer in Virginia. It is the sole designer and manufacturer of nuclear-powered aircraft carriers in the U.S. Over 70% of the active U.S. Navy fleet consists of Huntington Ingalls ships. The company has developed an exclusive ability in all aspects of aircraft carrier designing, production, innovation, repair, and technical and engineering support.
Huntington Ingalls currently has a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . While Engility Holdings and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (Buy).
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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 aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HUNTINGTON INGL (HII): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Huntington Ingalls will use advance procurement funds to buy important items for NSC 9, including steel, main propulsion systems, generators, electrical switchboards and major castings. | Stocks to Consider Some better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HUNTINGTON INGL (HII): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. While Engility Holdings and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (Buy). | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HUNTINGTON INGL (HII): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Huntington Ingalls Industries, Inc. 's HII subsidiary, Ingalls Shipbuilding has clinched a contract from the U.S. Coast Guard to procure long-lead materials for the ninth National Security Cutter ("NSC"). | Stocks to Consider Some better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HUNTINGTON INGL (HII): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Huntington Ingalls Industries, Inc. 's HII subsidiary, Ingalls Shipbuilding has clinched a contract from the U.S. Coast Guard to procure long-lead materials for the ninth National Security Cutter ("NSC"). | dab56528-185d-4b20-9b84-12da78948822 |
710251.0 | 2016-08-30 00:00:00 UTC | General Dynamics Electric Boat Gets $300M U.S. Navy Deal | DCO | https://www.nasdaq.com/articles/general-dynamics-electric-boat-gets-%24300m-u.s.-navy-deal-2016-08-30 | nan | nan | General Dynamics Corp. 's GD subsidiary, Electric Boat Corp., secured a contract worth $300.6 million for Virginia Class submarines.
GENL DYNAMICS Price
GENL DYNAMICS Price | GENL DYNAMICS Quote
The contract mandated Electric Boat to provide Lead Yard Services and development studies and design efforts for the said submarines. This General Dynamics affiliate will also maintain, update, and support the Virginia Class design and related drawings and data for each submarine, including technology insertion throughout its construction and Post Shakedown Availability (PSA) period.
The work will be carried out mainly at the Groton shipyard in Connecticut and is expected to be completed by Sep 2017.
About Virginia-Class Submarine
The Virginia-class submarine program is a class of nuclear-powered fast attack submarines serving the U.S. Navy. These submarines are designed for a broad spectrum of open-ocean and littoral missions. Virginia-class submarines are also designed for intelligence, surveillance and reconnaissance operations as well as mine warfare. These vessels are one of the three classes of attack submarines used by the U.S. Navy, the other two being the Los Angeles class and the Seawolf class. The submarines will be operational until 2070.
A Look into General Dynamics' Second-Quarter Performance
We remind investors that General Dynamics' second-quarter earnings not only beat the Zacks Consensus Estimate by 6.1% but also improved 7.5% year over year. The upside was largely driven by favorable margins in three of the four segments along with a lower tax rate. Based on the robust performance in the first half of 2016, the company raised its earnings per share guidance for the year.
However, the top line lagged estimates and also declined 2.8% from the year-ago level. It also registered weak bookings during the quarter. The large cabin business jet market is another concern.
General Dynamics currently has a Zacks Rank #2 (Buy).
Other Stocks to Consider
Other favorably placed stocks in the aerospace and defense space are Engility Holdings, Inc. EGL , AeroVironment, Inc. AVAV and Ducommun Inc. DCO , all sporting a Zacks Rank #1 (Strong Buy).
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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 favorably placed stocks in the aerospace and defense space are Engility Holdings, Inc. EGL , AeroVironment, Inc. AVAV and Ducommun Inc. DCO , all sporting a Zacks Rank #1 (Strong Buy). Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report AEROVIRONMENT (AVAV): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. General Dynamics Corp. 's GD subsidiary, Electric Boat Corp., secured a contract worth $300.6 million for Virginia Class submarines. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report AEROVIRONMENT (AVAV): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other favorably placed stocks in the aerospace and defense space are Engility Holdings, Inc. EGL , AeroVironment, Inc. AVAV and Ducommun Inc. DCO , all sporting a Zacks Rank #1 (Strong Buy). GENL DYNAMICS Price GENL DYNAMICS Price | GENL DYNAMICS Quote The contract mandated Electric Boat to provide Lead Yard Services and development studies and design efforts for the said submarines. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report AEROVIRONMENT (AVAV): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other favorably placed stocks in the aerospace and defense space are Engility Holdings, Inc. EGL , AeroVironment, Inc. AVAV and Ducommun Inc. DCO , all sporting a Zacks Rank #1 (Strong Buy). GENL DYNAMICS Price GENL DYNAMICS Price | GENL DYNAMICS Quote The contract mandated Electric Boat to provide Lead Yard Services and development studies and design efforts for the said submarines. | Other Stocks to Consider Other favorably placed stocks in the aerospace and defense space are Engility Holdings, Inc. EGL , AeroVironment, Inc. AVAV and Ducommun Inc. DCO , all sporting a Zacks Rank #1 (Strong Buy). Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report AEROVIRONMENT (AVAV): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. General Dynamics Corp. 's GD subsidiary, Electric Boat Corp., secured a contract worth $300.6 million for Virginia Class submarines. | b6faab7a-a211-4752-a590-2c1975f6c2c1 |
710252.0 | 2016-08-29 00:00:00 UTC | General Dynamics (GD) Wins $511M Deal for 2 Containerships | DCO | https://www.nasdaq.com/articles/general-dynamics-gd-wins-%24511m-deal-for-2-containerships-2016-08-29 | nan | nan | General Dynamics Corporation 's GD business unit, General Dynamics National Steel and Shipbuilding Company (NASSCO), has won a contract from Matson Navigation Company, Inc., a wholly owned subsidiary of Matson, Inc. MATX . The contract is worth $511.0 million, as stated by Matson.
Per the contract, General Dynamics will design and build two Kanaloa Class containerships for Matson. Construction will commence in early 2018, and are scheduled to be delivered by 2019 end and mid 2020. Matson will use the vessels to transport containers, automobiles and trucks between the continental west coast and Hawaii.
The container ships, 870 feet long with a 3,500 twenty-foot equivalent unit ("TEU") capacity, will be built at the NASSCO shipyard in San Diego. They will use liquefied natural gas ("LNG")-capable main and auxiliary engines compliant with Tier III emission necessities and option to incorporate LNG fuel gas system at a later stage. The ships will have roll-on/roll-off capability and are designed to operate at speeds of up to 23 knots.
GENL DYNAMICS Price
GENL DYNAMICS Price | GENL DYNAMICS Quote
According to Fred Harris, the president of NASSCO, the company has been playing a crucial role in developing the future of the American shipping industry since long time. NASSCO's track record of successfully constructing high-quality, highly efficient and on-time delivery for the Jones Act trade has led to the recent contract from Matson.
Based in the San Diego industrial area, NASSCO has been designing and building ships since 1960. It focuses on designing and building supplementary and support ships for the U.S. Navy, as well as oil tankers and dry cargo carriers for the commercial markets. NASSCO also specializes in repair services for the Navy's global force.
We note that General Dynamics engages in developing mission-critical information systems and technologies; land and expeditionary combat vehicles, armaments and munitions; shipbuilding and marine systems; and business aviation. The company's revenues are derived from a broad portfolio of products and services that help to keep its overall growth momentum steady.
General Dynamics currently has a Zacks Rank #2 (Buy).
Other Stocks to Consider
A couple of other favorably placed stocks in the aerospace and defense space are Engility Holdings, Inc. EGL and Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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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 A couple of other favorably placed stocks in the aerospace and defense space are Engility Holdings, Inc. EGL and Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report MATSON INC (MATX): Free Stock Analysis Report To read this article on Zacks.com click here. The container ships, 870 feet long with a 3,500 twenty-foot equivalent unit ("TEU") capacity, will be built at the NASSCO shipyard in San Diego. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report MATSON INC (MATX): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider A couple of other favorably placed stocks in the aerospace and defense space are Engility Holdings, Inc. EGL and Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy). General Dynamics Corporation 's GD business unit, General Dynamics National Steel and Shipbuilding Company (NASSCO), has won a contract from Matson Navigation Company, Inc., a wholly owned subsidiary of Matson, Inc. MATX . | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report MATSON INC (MATX): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider A couple of other favorably placed stocks in the aerospace and defense space are Engility Holdings, Inc. EGL and Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy). General Dynamics Corporation 's GD business unit, General Dynamics National Steel and Shipbuilding Company (NASSCO), has won a contract from Matson Navigation Company, Inc., a wholly owned subsidiary of Matson, Inc. MATX . | Other Stocks to Consider A couple of other favorably placed stocks in the aerospace and defense space are Engility Holdings, Inc. EGL and Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report MATSON INC (MATX): Free Stock Analysis Report To read this article on Zacks.com click here. General Dynamics Corporation 's GD business unit, General Dynamics National Steel and Shipbuilding Company (NASSCO), has won a contract from Matson Navigation Company, Inc., a wholly owned subsidiary of Matson, Inc. MATX . | cd0d9bf4-3c7e-4035-83a7-28b59b7bbb80 |
710253.0 | 2016-08-29 00:00:00 UTC | Lockheed Martin (LMT) Wins $287M Deal for C-130J Aircraft | DCO | https://www.nasdaq.com/articles/lockheed-martin-lmt-wins-%24287m-deal-for-c-130j-aircraft-2016-08-29 | nan | nan | Lockheed Martin Corp.LMT has won a modification contract from the U.S. Air Force for the C-130J type aircraft. The contract is valued at $287.2 million. Contracting activity is the Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, OH.
Per the latest modification, Lockheed Martin will manufacture five aircraft in addition to the number of aircraft specified in the base contract.
Work is scheduled to be complete by Apr 30, 2020 and will be performed in Marietta, GA. The contract will use fiscal 2014, 2015 and 2016 Air Force aircraft procurement funds; fiscal 2016 Marine Corps Navy aircraft procurement funds; fiscal 2016 Marine Corps Navy aircraft advance procurement funds; and fiscal 2015 overseas contingency operations funds.
LOCKHEED MARTIN Price
LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote
C-130J Super Hercules, the latest model in Lockheed Martin's Hercules family, is a four-engine, turboprop, military transport aircraft. The Hercules family boasts the longest continuous production run of a military aircraft in history. The C-130J's crew includes just two pilots and one loadmaster as no navigator or flight engineer is required on the aircraft.
The J-model is almost similar to the classic Hercules in terms of general appearance. However, it uses updated technology like the new Rolls-Royce AE 2100 D3 turboprops with Dowty R391 composite scimitar propellers, digital avionics and reduced crew requirements. These improvements boosted its performance over its C-130E/H predecessors, such as 40% greater range, 21% higher maximum speed and 41% shorter take-off distance.
Meanwhile, the company has also won a modification contract from the U.S. Army to continue offering engineering, materials and equipment, personnel, testing, technical management and logistical support for upgrading close combat tactical trainer systems. Valued at $147.1 million, the contract was awarded by the Army Program Executive Office, Simulation, Training and Instrumentation, Orlando, FL. Work is scheduled to be complete by Sep 28, 2017.
Lockheed Martin is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs.
Lockheed Martin currently has a Zacks Rank #3 (Hold).
Stocks to Consider
A few better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . While Engility and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (Buy).
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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 A few better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. However, it uses updated technology like the new Rolls-Royce AE 2100 D3 turboprops with Dowty R391 composite scimitar propellers, digital avionics and reduced crew requirements. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . The contract will use fiscal 2014, 2015 and 2016 Air Force aircraft procurement funds; fiscal 2016 Marine Corps Navy aircraft procurement funds; fiscal 2016 Marine Corps Navy aircraft advance procurement funds; and fiscal 2015 overseas contingency operations funds. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . The contract will use fiscal 2014, 2015 and 2016 Air Force aircraft procurement funds; fiscal 2016 Marine Corps Navy aircraft procurement funds; fiscal 2016 Marine Corps Navy aircraft advance procurement funds; and fiscal 2015 overseas contingency operations funds. | Stocks to Consider A few better-ranked stocks in the aerospace and defense space include Engility Holdings, Inc. EGL , General Dynamics Corporation GD and Ducommun Inc. DCO . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Lockheed Martin Corp.LMT has won a modification contract from the U.S. Air Force for the C-130J type aircraft. | 4c7e7a7e-b059-402c-8dfa-b846cce63bf8 |
710254.0 | 2016-08-26 00:00:00 UTC | Lockheed Martin (LMT) Clinches $126M U.S. Navy Contract | DCO | https://www.nasdaq.com/articles/lockheed-martin-lmt-clinches-%24126m-u.s.-navy-contract-2016-08-26 | nan | nan | Lockheed Martin Corp .'s LMT Mission Systems and Training division recently won a contract from the U.S. Navy for engineering services and support of the Integrated Submarine Imaging Systems ("ISIS") program. This modification contract is valued at $126.3 million.
Per the contract, Lockheed Martin is entailed to provide services that include design, development, testing, reverse engineering, technology insertion/refreshment, engineering services, field engineering services and system support.
The ISIS program is mainly engaged in providing mission critical, all-weather, visual and electronic search, digital image management, indication, warning, and platform architecture interface capabilities. These are deployed for SSN 688 (Los Angeles class); SSN 21 (Seawolf class); SSGN (Ohio class); SSBN (Ohio class); and SSN 774 (Virginia class) submarines, with potential for other submarines.
The contract work will be carried out in Manassas, VA; Virginia Beach, VA; Northampton, MA; Fairfax, VA; Arlington, VA; and Newport, RI. It is expected to run through Sep 2017.
Headquartered in Washington, DC, Lockheed Martin's Mission Systems and Training business carry out some of its high-profile programs comprising the Aegis Combat System, Littoral Combat Ship, MH-60 helicopter avionics, as well as military and commercial orders.
This division's second-quarter sales of $3.3 billion increased 53% from the prior-year quarter. The upside primarily reflects higher revenues from Sikorsky. However, operating profit decreased 23% year over year to $202 million and operating margin shrunk 600 basis points to 6.1%.
The company expects Mission Systems and Training's 2016 net sales to advance in the mid-double digit percentage range compared to 2015. This is mainly attributable to the addition of Sikorsky programs for a full year, partially offset by a decline in volume due to the completion of certain programs.
Zacks Rank & Key Picks
Lockheed Martin currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . While Engility Holdings and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (Buy).
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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 same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. The ISIS program is mainly engaged in providing mission critical, all-weather, visual and electronic search, digital image management, indication, warning, and platform architecture interface capabilities. | Better-ranked stocks in the same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. While Engility Holdings and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (Buy). | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . 's LMT Mission Systems and Training division recently won a contract from the U.S. Navy for engineering services and support of the Integrated Submarine Imaging Systems ("ISIS") program. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . 's LMT Mission Systems and Training division recently won a contract from the U.S. Navy for engineering services and support of the Integrated Submarine Imaging Systems ("ISIS") program. | 5b66ba34-1fe9-4f73-b32a-281abb1cfda8 |
710255.0 | 2016-08-24 00:00:00 UTC | Lockheed (LMT) Gets $80M Contract for Frigate Ship Program | DCO | https://www.nasdaq.com/articles/lockheed-lmt-gets-%2480m-contract-for-frigate-ship-program-2016-08-24 | nan | nan | Lockheed Martin Corp.LMT won a contract for the U.S. Navy's frigate ship program. The five-year contract is worth up to $79.5 million and covers fiscal years 2016 to 2021.
LOCKHEED MARTIN Price
LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote
Per the contract, the U.S. Navy will use Lockheed Martin's COMBATSS-21 or COMponent-BAsed Total-Ship System-21st Century as the combat management system for the program.
COMBATSS-21 is the combat management system that is currently deployed on the Freedom variant Littoral Combat Ship (LCS). Manufactured from the Aegis Common Source Library (CSL), COMBATSS-21 shares a pedigree with the Aegis Baseline 9 software developed for the Aegis cruiser and destroyer fleet, as well as international ships, the Aegis Ashore system, LCS and the Coast Guard National Security Cutters.
Being an Aegis Combat System Engineering Agent, Lockheed Martin supplies advanced combat management systems and conducts the entire combat system integration life-cycle. This allows navies around the world to meet their most critical mission objectives.
Lockheed Martin has already delivered and integrated Aegis and Aegis-based products on 126 platforms in eight nations, with an additional 23 under construction or planned.
The U.S. Navy cruisers, destroyers, LCS, Coast Guard National Security Cutters and Aegis Ashore sites are currently operating Aegis and Aegis-derived systems. The navies of Japan, Spain, Norway, the Republic of Korea as well as Australia have also chosen Aegis to safe guard their nations.
Zacks Rank & Key Picks
Lockheed Martin currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . While Engility Holdings and Ducommun sport a Zacks Rank #1 (Strong Buy), General Dynamics carries a Zacks Rank #2 (Buy).
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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 same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Lockheed Martin has already delivered and integrated Aegis and Aegis-based products on 126 platforms in eight nations, with an additional 23 under construction or planned. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . LOCKHEED MARTIN Price LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote Per the contract, the U.S. Navy will use Lockheed Martin's COMBATSS-21 or COMponent-BAsed Total-Ship System-21st Century as the combat management system for the program. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . LOCKHEED MARTIN Price LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote Per the contract, the U.S. Navy will use Lockheed Martin's COMBATSS-21 or COMponent-BAsed Total-Ship System-21st Century as the combat management system for the program. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ENGILITY HLDGS (EGL): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same space include Engility Holdings, Inc. EGL , Ducommun Inc. DCO and General Dynamics Corp. GD . LOCKHEED MARTIN Price LOCKHEED MARTIN Price | LOCKHEED MARTIN Quote Per the contract, the U.S. Navy will use Lockheed Martin's COMBATSS-21 or COMponent-BAsed Total-Ship System-21st Century as the combat management system for the program. | 5472bcf3-fcad-43a7-8b9e-c4ba2c09d7b6 |
710256.0 | 2016-08-22 00:00:00 UTC | 7 Stocks with Recent Price Strength for Your Portfolio | DCO | https://www.nasdaq.com/articles/7-stocks-with-recent-price-strength-for-your-portfolio-2016-08-22 | nan | nan | In the stock game, winning means reaching a higher price.
However, finding a win-win strategy is easier said than done. In the current highly volatile market, it is difficult for even an ardent investor to come up with a foolproof approach.
One could resort to commonly used techniques to find beaten down stocks that have the potential to recover faster than others. But this bears the risk of disappointment. Particularly, one could get stuck in the value trap if the hidden weaknesses in selected stocks are not identified.
So, wouldn't it be safer to look for stocks that are winners currently and have the potential to gain further?
If you are convinced of this strategy, here's how to execute it:
One should primarily look for stocks that have recently been witnessing a price increase. Actually, stocks backed by recent price strength have a high chance of carrying the momentum forward.
If a stock is continuously moving higher, there must be a good reason for the rise or else it probably would have fallen or remained stable. So, looking at stocks that have already won the game and are capable of beating the benchmark that they have set themselves sounds rational.
However, recent price strength alone cannot create magic. So you need to set other relevant parameters for a successful investment strategy.
Here's how you should create the screen to shortlist current as well as potential winners.
Screening Parameters:
Percentage Change in Price (4 Weeks) greater than zero: This criterion shows that the stock moved higher in the last four weeks.
Percentage Change Price (12 Weeks) greater than 10: This indicates that the stock saw momentum over the last three months. This lowers the risk of choosing stocks that may have drawn attention due to the overwhelming performance of the overall market in a very short span.
Zacks Rank 1: No matter whether the market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance.
Average Broker Rating 1: This indicates that brokers are also highly hopeful about the stock's future performance.
Current Price greater than 5: The stocks must all be trading at a minimum of $5 or higher.
Current Price/52-Week High-Low Range more than 85%: This criterion filters stocks that are trading near their respective 52-week highs. This indicates that these are strong enough in terms of price.
Here are seven of the 13 stocks that made it through this screen:
Innospec Inc.IOSP , formerly known as Octel Corp., is a major manufacturer and distributor of fuel additives and other specialty chemicals. Their products are sold globally, primarily to oil refineries. The company surpassed the Zacks Consensus Estimate in each of the preceding four quarters, with an average positive surprise of 15.2%.
HomeStreet, Inc.HMST is a diversified financial services company. It is engaged in real estate lending, including mortgage banking activities and retail and business banking operations, and serves consumers and businesses in the Pacific Northwest and Hawaii. The company beat the Zacks Consensus Estimate thrice in the preceding four quarters, with an average positive surprise of 17.3%.
Gibraltar Industries, Inc.ROCK is a leading manufacturer, processor and distributor of metals and other engineered materials for the building products, vehicular, and other industrial markets. The company surpassed the Zacks Consensus Estimate in each of the preceding four quarters, with an average positive surprise of 74.5%.
PCM Inc.PCMI is a technology solutions provider to businesses, government and educational institutions and individual consumers. It offers technology products and solutions as well as consumer electronics equipment and other consumer products. The company surpassed the Zacks Consensus Estimate in the last two quarters, with an average positive surprise of 43.5%.
Horizon Global CorporationHZN is a designer, manufacturer and distributor of towing, trailering, cargo management and accessory products for original equipment, aftermarket and retail customers. The company surpassed the Zacks Consensus Estimate in the last two quarters, with an average positive surprise of 75.8%.
Ducommun IncorporatedDCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Ducommun is a subcontractor to Lockheed Martin on the Space Shuttle external tank and a supplier of components for Space Shuttle and the International Space Station. Last quarter, the company posted a positive earnings surprise of 21.4%.
KT CorporationKT provides telecommunication services. Its services include mobile telecommunications services, telephone services, fixed-line and VoIP telephone services. The company also provides interconnection services to other telecommunications' companies, broadband Internet access services and other Internet-related services. It also offers information technology and network services, including consulting, designing, building, and maintaining of systems and communication networks.
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The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance .
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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. | Ducommun IncorporatedDCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report KT CORP (KT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report INNOSPEC INC (IOSP): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report PCMI INC (PCMI): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report HOMESTREET INC (HMST): Free Stock Analysis Report To read this article on Zacks.com click here. Here are seven of the 13 stocks that made it through this screen: Innospec Inc.IOSP , formerly known as Octel Corp., is a major manufacturer and distributor of fuel additives and other specialty chemicals. | Click to get this free report KT CORP (KT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report INNOSPEC INC (IOSP): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report PCMI INC (PCMI): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report HOMESTREET INC (HMST): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun IncorporatedDCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Screening Parameters: Percentage Change in Price (4 Weeks) greater than zero: This criterion shows that the stock moved higher in the last four weeks. | Click to get this free report KT CORP (KT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report INNOSPEC INC (IOSP): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report PCMI INC (PCMI): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report HOMESTREET INC (HMST): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun IncorporatedDCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Zacks Rank 1: No matter whether the market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. | Ducommun IncorporatedDCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report KT CORP (KT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report INNOSPEC INC (IOSP): Free Stock Analysis Report GIBRALTAR INDUS (ROCK): Free Stock Analysis Report PCMI INC (PCMI): Free Stock Analysis Report HORIZON GLBL CP (HZN): Free Stock Analysis Report HOMESTREET INC (HMST): Free Stock Analysis Report To read this article on Zacks.com click here. Current Price greater than 5: The stocks must all be trading at a minimum of $5 or higher. | 085373ab-a709-4b4a-83c7-ebc7b12c40e4 |
710257.0 | 2016-08-22 00:00:00 UTC | Raytheon Secures $92M Navy Contract for 2 EASR Variants | DCO | https://www.nasdaq.com/articles/raytheon-secures-%2492m-navy-contract-for-2-easr-variants-2016-08-22 | nan | nan | Raytheon Company 's RTN business unit, Integrated Defense Systems ("IDS"), has won a 42-month engineering and manufacturing development (EMD) contract from the U.S. Navy for the Enterprise Air Surveillance Radar (EASR). Two configuration variants will be included in the EASR - a rotating phased array and a three-face fixed-phased array.
The contract is valued at $92.1 million. It includes options which could increase the cumulative value to $723.1 million, if exercised. Contracting activity is the Naval Sea Systems Command, Washington Navy Yard, District of Columbia.
Per the contract, Raytheon will manufacture, incorporate and analyze an EASR engineering development model (EDM). The contract starts with design work, followed by preliminary design review and system acceptance of the model at the end of testing.
Work is scheduled to be complete by Feb 2020. The majority of the work will be performed in Sudbury, MA, while the rest will be carried out in various locations across the U.S. The contract will use fiscal 2016 research, development and test and evaluation funds.
RAYTHEON CO Price
RAYTHEON CO Price | RAYTHEON CO Quote
Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. The company will continue to gain traction on the back of its strong fundamentals, focus on technological innovation and improvement of its product offering, which will ensure more contract wins and an enhanced growth trajectory.
The company has been enjoying a steady stream of contracts from several government establishments. As a result, total backlog at the end of the second quarter of 2016 was $35.31 billion, up from $34.49 billion at the end of second-quarter 2015.
Raytheon currently has a Zacks Rank #3 (Hold).
Stocks to Consider
Investors interested in the aerospace and defense equipment sector may consider Ducommun Inc. DCO , Kratos Defense & Security Solutions, Inc. KTOS and Aerojet Rocketdyne Holdings, Inc. AJRD . While Ducommun and Kratos sport a Zacks Rank #1 (Strong Buy), Aerojet Rocketdyne carries a Zacks Rank #2 (Buy).
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KRATOS DEFENSE (KTOS): Free Stock Analysis Report
DUCOMMUN INC DE (DCO): Free Stock Analysis Report
RAYTHEON CO (RTN): Free Stock Analysis Report
AEROJET ROCKETD (AJRD): 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. | Stocks to Consider Investors interested in the aerospace and defense equipment sector may consider Ducommun Inc. DCO , Kratos Defense & Security Solutions, Inc. KTOS and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon Company 's RTN business unit, Integrated Defense Systems ("IDS"), has won a 42-month engineering and manufacturing development (EMD) contract from the U.S. Navy for the Enterprise Air Surveillance Radar (EASR). | Stocks to Consider Investors interested in the aerospace and defense equipment sector may consider Ducommun Inc. DCO , Kratos Defense & Security Solutions, Inc. KTOS and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. While Ducommun and Kratos sport a Zacks Rank #1 (Strong Buy), Aerojet Rocketdyne carries a Zacks Rank #2 (Buy). | Click to get this free report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Investors interested in the aerospace and defense equipment sector may consider Ducommun Inc. DCO , Kratos Defense & Security Solutions, Inc. KTOS and Aerojet Rocketdyne Holdings, Inc. AJRD . Raytheon Company 's RTN business unit, Integrated Defense Systems ("IDS"), has won a 42-month engineering and manufacturing development (EMD) contract from the U.S. Navy for the Enterprise Air Surveillance Radar (EASR). | Stocks to Consider Investors interested in the aerospace and defense equipment sector may consider Ducommun Inc. DCO , Kratos Defense & Security Solutions, Inc. KTOS and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon Company 's RTN business unit, Integrated Defense Systems ("IDS"), has won a 42-month engineering and manufacturing development (EMD) contract from the U.S. Navy for the Enterprise Air Surveillance Radar (EASR). | 2160b39e-7555-4e8c-87bc-561948b0ad78 |
710258.0 | 2016-08-22 00:00:00 UTC | Should You Get Rid of Triumph Group (TGI) Now? | DCO | https://www.nasdaq.com/articles/should-you-get-rid-of-triumph-group-tgi-now-2016-08-22 | 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 Triumph Group, Inc.TGI , 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 #5 (Strong Sell) further confirms weakness in TGI.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 5 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $5.53 a share a month ago to its current level of $3.99.
Also, for the current quarter, Triumph Group has seen 3 downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to 85 cents a share from $1.28 over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 17.7% in the past month.
TRIUMPH GRP INC Price and Consensus
TRIUMPH GRP INC Price and Consensus | TRIUMPH GRP 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 Aerospace/ Defense Equipment industry, you may instead consider a better-ranked stock - Ducommun Inc. DCO . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be better selection at this 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. | If you are still interested in the Aerospace/ Defense Equipment industry, you may instead consider a better-ranked stock - Ducommun Inc. DCO . Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report DUCOMMUN INC DE (DCO): 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 TRIUMPH GRP INC (TGI): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the Aerospace/ Defense Equipment industry, you may instead consider a better-ranked stock - Ducommun Inc. DCO . One such stock that you may want to consider dropping is Triumph Group, Inc.TGI , 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. | Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the Aerospace/ Defense Equipment industry, you may instead consider a better-ranked stock - Ducommun Inc. DCO . One such stock that you may want to consider dropping is Triumph Group, Inc.TGI , 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 Aerospace/ Defense Equipment industry, you may instead consider a better-ranked stock - Ducommun Inc. DCO . Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. One such stock that you may want to consider dropping is Triumph Group, Inc.TGI , 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. | c3b484c0-aaac-4541-a594-25d13bd090f1 |
710259.0 | 2016-08-19 00:00:00 UTC | Boeing (BA) Wins $2.8B Air Force Contract for KC-46 Tankers | DCO | https://www.nasdaq.com/articles/boeing-ba-wins-%242.8b-air-force-contract-for-kc-46-tankers-2016-08-19 | nan | nan | The Boeing Co.BA clinched the much anticipated $2.8 billion contract form the U.S. Air Force for the first lot of 19 KC-46 Pegasus aerial tankers. Recently, the Air Force won permission from the Pentagon to sign two production contracts with Boeing.
BOEING CO Price
BOEING CO Price | BOEING CO Quote
The contract includes the first two production batches of seven and 12 aircraft as well as spare parts. Boeing expects to build a total of 179 of the 767-based refueling aircraft including the future options. The Air Force will use KC-46 to replace its fleet of KC-135 tankers.
Boeing's KC-46 program faced multiple delays due to technical glitches in the tanker. In June this year, the Air Force revealed plans to seek compensation from Boeing for delays in the program.
Manufactured on the air frame of Boeing's 767 commercial jet, KC-46 is the first new U.S. tanker since the 1980s. In the words of Leanne Caret, Boeing Defense, Space & Security president and CEO, "The KC-46 tanker will provide the Air Force unprecedented refueling capabilities, operational flexibility and combat readiness".
The wide-bodied KC-46 Pegasus is a multirole tanker that can refuel all U.S., allied and coalition military aircraft compatible with international aerial refueling procedures, according to the company. Boeing will start delivering tankers to the Air Force in 2017.
The company incurred losses in the second quarter after it absorbed after-tax charges in relation to three separate programs: the 787, the 747 and the KC-46 tanker aircraft program. The bottom line also plunged 127% year over year, owing to a 787 cost reclassification ($1.33 per share), and charges on the 747 ($1.28) and the KC-46 tanker (62 cents) programs.
No doubt that Boeing has made progress on the KC-46 tanker program. Yet, the question whether the program will prove profitable for Boeing still looms large.
Zacks Rank & Key Picks
Boeing currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the defense space include Ducommun Inc. DCO , General Dynamics Corp. GD and Aerojet Rocketdyne Holdings, Inc. AJRD . While Ducommun sports a Zacks Rank #1 (Strong Buy), General Dynamics and Aerojet Rocketdyne hold a Zacks Rank #2 (Buy).
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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 defense space include Ducommun Inc. DCO , General Dynamics Corp. GD and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report BOEING CO (BA): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. The Boeing Co.BA clinched the much anticipated $2.8 billion contract form the U.S. Air Force for the first lot of 19 KC-46 Pegasus aerial tankers. | Better-ranked stocks in the defense space include Ducommun Inc. DCO , General Dynamics Corp. GD and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report BOEING CO (BA): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. While Ducommun sports a Zacks Rank #1 (Strong Buy), General Dynamics and Aerojet Rocketdyne hold a Zacks Rank #2 (Buy). | Click to get this free report BOEING CO (BA): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the defense space include Ducommun Inc. DCO , General Dynamics Corp. GD and Aerojet Rocketdyne Holdings, Inc. AJRD . BOEING CO Price BOEING CO Price | BOEING CO Quote The contract includes the first two production batches of seven and 12 aircraft as well as spare parts. | Better-ranked stocks in the defense space include Ducommun Inc. DCO , General Dynamics Corp. GD and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report BOEING CO (BA): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. In June this year, the Air Force revealed plans to seek compensation from Boeing for delays in the program. | e3642c39-c28e-461d-9ef0-b562b742b8f7 |
710260.0 | 2016-08-18 00:00:00 UTC | Raytheon to Manufacture NSM Launchers at Louisville Plant | DCO | https://www.nasdaq.com/articles/raytheon-to-manufacture-nsm-launchers-at-louisville-plant-2016-08-18 | nan | nan | Raytheon CompanyRTN is set to manufacture launchers for the Kongsberg Naval Strike Missile or NSM at its Louisville facility. The company builds Close-in Weapon Systems including Phalanx, SeaRAM and Rolling Airframe Missile launchers at the plant. This contract closely follows Raytheon's deal with Kongsberg to construct the NSM launchers in Tucson, AZ.
RAYTHEON CO Price
RAYTHEON CO Price | RAYTHEON CO Quote
The contract also entails the final assembly, integration and test of the NSM at Raytheon's Tucson facility.
NSM is an anti-ship missile with a range of over 100 nautical miles. It has a greater capability to strike land and sea targets. Raytheon and Kongsberg believe that NSM is a perfect resolution for navies around the world as well as for the U.S. Navy's Littoral Combat Ship ("LCS"). Back in 2014, the U.S. Navy test fired a NSM from Independence-class LCS USS Coronado (LCS-4).
Lockheed Martin Corp.'s LMT Long Range Anti-Ship Missile ("LRASM") and an improved version of Boeing's BA Harpoon anti-ship missile are likely to pose competitive threat to the Over-the-horizon program.
Based in Massachusetts, Raytheon is one of the largest aerospace and defense companies in the U.S. with a diversified line of military products, including missiles, radars, sensors, surveillance and reconnaissance equipment, communication and information systems, naval systems, air traffic control systems, and technical services.
Q2 Performance at a Glance
Raytheon reported solid second-quarter results wherein it topped the Zacks Consensus Estimates on both the top and bottom line fronts. Further, the company's earnings and revenues improved 3.2% and 6.1% respectively, on a year-over-year basis. Apart from reporting a stellar second quarter, the missile maker raised its 2016 guidance for margins, operating cash flow, EPS as well as bookings.
Earlier this month, Raytheon secured a U.S. Navy contract extension to provide conversion, system overhaul and upgrade services as well as related hardware for MK 15 Close-In Weapon Systems or CIWS. This modification contract, worth $288 million, will include purchases for the Navy and foreign allies comprising governments of Turkey as well as Australia, under the Foreign Military Sales ("FMS") program. Raytheon is slated to complete work under this contract by Dec 2022.
Raytheon has a distinct focus on its overseas business. The company has been witnessing a steady rise in international sales over the past few years. International bookings comprised 31% of total company bookings in the second quarter of 2016. International sales increased 8% in the quarter while 42% of the total backlog was from international customers.
Raytheon carries a Zacks Rank #3 (Hold).
A Key Pick
A better-ranked stock in the defense space is Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy).
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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 Key Pick A better-ranked stock in the defense space is Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. The company builds Close-in Weapon Systems including Phalanx, SeaRAM and Rolling Airframe Missile launchers at the plant. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. A Key Pick A better-ranked stock in the defense space is Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy). Lockheed Martin Corp.'s LMT Long Range Anti-Ship Missile ("LRASM") and an improved version of Boeing's BA Harpoon anti-ship missile are likely to pose competitive threat to the Over-the-horizon program. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. A Key Pick A better-ranked stock in the defense space is Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy). RAYTHEON CO Price RAYTHEON CO Price | RAYTHEON CO Quote The contract also entails the final assembly, integration and test of the NSM at Raytheon's Tucson facility. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. A Key Pick A better-ranked stock in the defense space is Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy). Raytheon CompanyRTN is set to manufacture launchers for the Kongsberg Naval Strike Missile or NSM at its Louisville facility. | f8119488-546f-4d20-8cf2-d99dbc3e9c3d |
710261.0 | 2016-08-18 00:00:00 UTC | Boeing (BA) Set to Gain a B737-800 Order from Jeju Air | DCO | https://www.nasdaq.com/articles/boeing-ba-set-to-gain-a-b737-800-order-from-jeju-air-2016-08-18 | nan | nan | The Boeing Co.BA is set to clinch an order from South Korea's Jeju Air for its B737-800 planes.
BOEING CO Price
BOEING CO Price | BOEING CO Quote
South Korea's largest low-cost carrier, Jeju Air, plans to buy three B737-800 planes from Boeing for $291 million (317 billion won) by Oct 2018, to guarantee stable supplies.
The carrier is set to diversify its portfolio by entering into the hotel business and have its own aircraft to generate a new revenue stream in the wake of intense competition among local budget airlines. As per a regulatory filing, Jeju Air will spend $54.9 million to build a high-rise hotel near Hongik University in Seoul, a famous tourist destination. Construction is expected to be complete by 2018.
The latest move by Jeju Air comes close on the heels of a launch by the country's sixth low-cost carrier Air Seoul. This intensifies competition in the market where Jeju Air has been enjoying a dominant position over the past several years.
Boeing 737-800
737-800 is a member of the Next-Generation 737 family which is extremely popular as a single-aisle aircraft, courtesy its advanced technology and low operation and maintenance costs.
A Look at Boeing's Q2 Performance
Although Boeing managed to beat Street expectations, it reported a loss in the second quarter owing to three significant charges. Meanwhile, higher shipments of the 777 and 787 wide bodies drove a modest increase in the commercial airplanes unit, more than offsetting a revenue decline in Boeing's defense business. Boeing cut its profit outlook for 2016 to reflect the impact of the 787 R&D reclassification and the 747 and tanker charges, while reaffirming the revenue guidance.
Notably, deliveries of its single-aisle 737, its most popular plane, slipped to 127 in the second quarter from 128 a year ago.
Projections
Boeing anticipates the commercial fleet to double to 45,240 airplanes by the end of 2035, backed by 4.8% annual growth in commercial passenger traffic. For that, the world will need 39,620 new planes, worth $5.9 trillion, between 2016 and 2035, per Boeing's current market estimations.
The company expects single-aisle jets to be the major growth driver, making up for 71% of the projection. This translates into worldwide demand for 28,140 single-aisle jets, worth $3.0 trillion, over the next 20 years. The new Boeing 737 MAX 8 and the current 737-800 will be major growth catalysts.
Zacks Rank & Key Picks
Boeing currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the defense space include Ducommun Inc. DCO , General Dynamics Corp. GD and Aerojet Rocketdyne Holdings, Inc. AJRD . While Ducommun sports a Zacks Rank #1 (Strong Buy), General Dynamics and Aerojet Rocketdyne hold a Zacks Rank #2 (Buy).
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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 defense space include Ducommun Inc. DCO , General Dynamics Corp. GD and Aerojet Rocketdyne Holdings, Inc. AJRD . Click to get this free report BOEING CO (BA): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. The carrier is set to diversify its portfolio by entering into the hotel business and have its own aircraft to generate a new revenue stream in the wake of intense competition among local budget airlines. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the defense space include Ducommun Inc. DCO , General Dynamics Corp. GD and Aerojet Rocketdyne Holdings, Inc. AJRD . BOEING CO Price BOEING CO Price | BOEING CO Quote South Korea's largest low-cost carrier, Jeju Air, plans to buy three B737-800 planes from Boeing for $291 million (317 billion won) by Oct 2018, to guarantee stable supplies. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the defense space include Ducommun Inc. DCO , General Dynamics Corp. GD and Aerojet Rocketdyne Holdings, Inc. AJRD . BOEING CO Price BOEING CO Price | BOEING CO Quote South Korea's largest low-cost carrier, Jeju Air, plans to buy three B737-800 planes from Boeing for $291 million (317 billion won) by Oct 2018, to guarantee stable supplies. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the defense space include Ducommun Inc. DCO , General Dynamics Corp. GD and Aerojet Rocketdyne Holdings, Inc. AJRD . The latest move by Jeju Air comes close on the heels of a launch by the country's sixth low-cost carrier Air Seoul. | 9fe22ab7-2d1a-4fa1-b0d3-ada82f1b77a1 |
710262.0 | 2016-08-17 00:00:00 UTC | 3 Reasons Why Ducommun (DCO) is a Great Value Stock | DCO | https://www.nasdaq.com/articles/3-reasons-why-ducommun-dco-is-a-great-value-stock-2016-08-17 | nan | nan | Many investors like to look for value in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for value investors in the near term.
This method discovered several great candidates for value-oriented investors, but today let's focus on Ducommun Inc.DCO as this stock is looking especially impressive right now. And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for DCO's status as a solid value stock below:
Forward PE for Ducommun
Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. Generally speaking, value investors like to see this ratio below 20, though it can vary by industry.
Right now, DCO has a forward PE of just 16.23, which means that investors are paying $16.23 cents for each dollar in expected Ducommun earnings this year. Compared to the industry at large this is pretty favorable as the overall space has an average PE of 17.83 in comparison.
DUCOMMUN INC DE PE Ratio (TTM)
DUCOMMUN INC DE PE Ratio (TTM) | DUCOMMUN INC DE Quote
Price/Cash Flow for Ducommun Stock
An often overlooked ratio that can still be a great indicator of value is the price/cash flow metric. This reading is preferred by some since it avoids amortization and depreciation concerns and can give a more accurate picture of the financial health in a business.
The P/CF ratio for DCO comes in at 6.58, and since investors are generally looking for a reading under 20 here, this is pretty good news. Meanwhile, we should also point out that the industry average for this metric is 9.72, so Company Name has its peers beat in this regard too.
DCO Earnings Estimate Revisions Moving in the Right Direction
The solid value ratios outlined in the preceding paragraphs might be enough for some investors, but we should also note that the earnings estimate revisions have been trending in a positive direction as well. Analysts who follow DCO stock have been raising their estimates for the company lately, meaning that the EPS picture is looking a bit more favorably for Ducommun now.
Over the past 30days, 2 earnings estimates have gone higher compared to none lower for the full year, while we are also seeing that 1 estimate has move upwards with no downward revision for the next year time frame too. These revisions have helped to boost the consensus estimate as 30 days ago DCO was expected to post earnings of $1.37 per share for the full year though today it looks to have EPS of $1.27 for the full year.
Bottom Line
For the reasons detailed above, investors shouldn't be surprised to read that we have DCO as a stock with a Value Score of 'A' and a Zacks Rank #1 (Strong Buy). So if you are a value investor, definitely keep DCO on your short list as this looks to be a stock that is very well-positioned for gains in the near term.
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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. | Analysts who follow DCO stock have been raising their estimates for the company lately, meaning that the EPS picture is looking a bit more favorably for Ducommun now. Bottom Line For the reasons detailed above, investors shouldn't be surprised to read that we have DCO as a stock with a Value Score of 'A' and a Zacks Rank #1 (Strong Buy). This method discovered several great candidates for value-oriented investors, but today let's focus on Ducommun Inc.DCO as this stock is looking especially impressive right now. | DCO Earnings Estimate Revisions Moving in the Right Direction The solid value ratios outlined in the preceding paragraphs might be enough for some investors, but we should also note that the earnings estimate revisions have been trending in a positive direction as well. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. This method discovered several great candidates for value-oriented investors, but today let's focus on Ducommun Inc.DCO as this stock is looking especially impressive right now. | And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for DCO's status as a solid value stock below: Forward PE for Ducommun Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. This method discovered several great candidates for value-oriented investors, but today let's focus on Ducommun Inc.DCO as this stock is looking especially impressive right now. | Right now, DCO has a forward PE of just 16.23, which means that investors are paying $16.23 cents for each dollar in expected Ducommun earnings this year. These revisions have helped to boost the consensus estimate as 30 days ago DCO was expected to post earnings of $1.37 per share for the full year though today it looks to have EPS of $1.27 for the full year. This method discovered several great candidates for value-oriented investors, but today let's focus on Ducommun Inc.DCO as this stock is looking especially impressive right now. | ddab81e2-5bae-4cd8-856f-842e3e3cc793 |
710263.0 | 2016-08-09 00:00:00 UTC | TransDigm (TDG) Q3 Earnings Beat; Sales Rise Y/Y, View Up | DCO | https://www.nasdaq.com/articles/transdigm-tdg-q3-earnings-beat-sales-rise-y-y-view-up-2016-08-09 | nan | nan | After a strong beat last quarter, TransDigm Group IncorporatedTDG followed up with another striking beat in its third-quarter fiscal 2016 results. The company raised its fiscal 2016 guidance as well.
The aircraft supplier posted adjusted quarterly earnings (including stock-based compensation adjustments) of $2.94 per share, trumping the Zacks Consensus Estimate of $2.80 by 5%.
The figures fared even better in the year-over-year comparison, registering an increase of almost 37.4% from the year-ago tally of $2.14 per share.
Net income for the quarter came in at $140.6 million, up a whopping 41.9% from the comparable quarter a year ago. The increase in income was driven primarily by growth in net sales, robust performance in the company's commercial aftermarket segment and successful cost productivity efforts. Lower interest expenses and refinancing costs added to earnings growth.
I nside the Headlines
Net sales for the quarter came in at $797.7 million, representing a year-over-year growth of 15.4%. The top line missed the Zacks Consensus Estimate of $822 million.
Despite the miss, the company's organic net sales grew about 8.3% in the quarter. Strong growth in commercial aftermarket revenues (up about 8% from the prior year) contributed to the top line. Commercial OEM also contributed to the top-line expansion, growing 4% year over year. Even Defense revenues jumped back on the growth track, rising 3% over the comparable period last year.
TransDigm's EBITDA (earnings before interest, taxes, depreciation and amortization) escalated 26.5% year over year to $344.6 million, driven by robust sales and strong gross margin expansion.
Acquisitions
Continuing with its robust acquisition strategy, TransDigm wrapped up the purchase of ILC Holdings Inc., the parent company of defense firm Data Device Corporation ("DDC") for $1 billion, during the quarter. DDC is a provider of data-networking, power-control and motion-control products and software for the defense, aerospace and industrial industries. The firm boasts a strong presence across key military aircraft platforms and a growing presence in the commercial aircraft market. The deal will help TransDigm expand its footprint in the market of highly engineered, proprietary products with significant aftermarket content, while strengthening its presence in the military and commercial aircraft market.
Just last quarter, TransDigm acquired Breeze-Eastern Corporation, which designs and manufactures mission critical electromechanical systems, for about $205 million. The acquisition will strengthen TransDigm's foothold in the aerospace industry, especially in the niche markets of highly-engineered proprietary aerospace components.
Liquidity & Share Repurchases
TransDigm ended the quarter with cash and cash equivalents of $1.67 billion, significantly up from $714 million as of Sep 30, 2015. The company boosted its cash balance through an offering of additional term loans of $950 million, a private offering of $950 million, higher commitments on its revolving credit facility and some debt refinancing. The proceeds from the above actions were partly used to fund the purchase price of the DDC acquisition.
The company's long-term debt was $9.95 billion at the end of the quarter compared with $8.11 billion at the end of Sep 2015.
In fiscal 2016 so far, the company has repurchased 1,015,387 shares for an aggregate cost of about $208 million. The company had authorized a new share repurchase plan during the last quarter, comprising buyback of shares worth approximately $450 million, and roughly $341 million worth of shares remain under the new authorization.
Fiscal 2016 Guidance Raised Again
TransDigm raised its top line and earnings guidance for fiscal 2016 once again, incorporating the effect of the DDC acquisition, the present market scenario as well its recent operational performance.
For fiscal 2016, the company upped its guidance for net sales from previous expectations of $3,151-$3,181 million to a range of $3,170-$3,190 million.
Also, it now expects adjusted earnings to come in a range of $11.21-$11.39 per share, up from the prior projections of $11.04-$11.28.
TRANSDIGM GROUP Price and Consensus
TRANSDIGM GROUP Price and Consensus | TRANSDIGM GROUP Quote
Our Take
After displaying erratic growth trends over a number of quarters, we believe that TransDigm is on a solid growth track again. Improvement in the commercial aftermarket, coupled with significant uptick in defense bookings bode well for its growth picture in the coming quarters. In addition, the aircraft business is taking off globally, and TransDigm is well-placed to capitalize on the growth.
TransDigm's acquired businesses will likely continue being strong growth drivers in the coming times. Further, the company's efforts to streamline costs will likely translate into strong margin expansion in the quarters ahead.
TransDigm presently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the aerospace and defense space include Ducommun Inc. DCO , KLX Inc. KLXI and General Dynamics Corporation GD , each holding a Zacks Rank #2 (Buy).
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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 aerospace and defense space include Ducommun Inc. DCO , KLX Inc. KLXI and General Dynamics Corporation GD , each holding a Zacks Rank #2 (Buy). Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KLX INC (KLXI): Free Stock Analysis Report To read this article on Zacks.com click here. The increase in income was driven primarily by growth in net sales, robust performance in the company's commercial aftermarket segment and successful cost productivity efforts. | Some better-ranked stocks in the aerospace and defense space include Ducommun Inc. DCO , KLX Inc. KLXI and General Dynamics Corporation GD , each holding a Zacks Rank #2 (Buy). Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KLX INC (KLXI): Free Stock Analysis Report To read this article on Zacks.com click here. TRANSDIGM GROUP Price and Consensus TRANSDIGM GROUP Price and Consensus | TRANSDIGM GROUP Quote Our Take After displaying erratic growth trends over a number of quarters, we believe that TransDigm is on a solid growth track again. | Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KLX INC (KLXI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the aerospace and defense space include Ducommun Inc. DCO , KLX Inc. KLXI and General Dynamics Corporation GD , each holding a Zacks Rank #2 (Buy). The company had authorized a new share repurchase plan during the last quarter, comprising buyback of shares worth approximately $450 million, and roughly $341 million worth of shares remain under the new authorization. | Some better-ranked stocks in the aerospace and defense space include Ducommun Inc. DCO , KLX Inc. KLXI and General Dynamics Corporation GD , each holding a Zacks Rank #2 (Buy). Click to get this free report GENL DYNAMICS (GD): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KLX INC (KLXI): Free Stock Analysis Report To read this article on Zacks.com click here. The increase in income was driven primarily by growth in net sales, robust performance in the company's commercial aftermarket segment and successful cost productivity efforts. | 42936929-cab0-45ba-93c8-a55bbde3ed99 |
710264.0 | 2016-08-08 00:00:00 UTC | Ducommun (DCO) Looks Good: Stock Adds 7.5% in Session | DCO | https://www.nasdaq.com/articles/ducommun-dco-looks-good%3A-stock-adds-7.5-in-session-2016-08-08 | nan | nan | Ducommun Inc.DCO was a big mover last session, as the company saw its shares rise over 7% on the day. The upside was driven by the company's announcement of better-than-expected earnings for the second-quarter 2016. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $19.02 to $20.40 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Friday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Ducommun currently sports a Zacks Rank #1 (Strong Buy).
DUCOMMUN INC DE Price
DUCOMMUN INC DE Price | DUCOMMUN INC DE Quote
Another favorably placed stock in the same industry is CAE Inc. CAE , carrying a Zacks Rank #2 (Buy).
Is DCO going up? Or down? Predict to see what others think: Up or Down
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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. | Ducommun Inc.DCO was a big mover last session, as the company saw its shares rise over 7% on the day. Is DCO going up? Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc.DCO was a big mover last session, as the company saw its shares rise over 7% on the day. Is DCO going up? | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc.DCO was a big mover last session, as the company saw its shares rise over 7% on the day. Is DCO going up? | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc.DCO was a big mover last session, as the company saw its shares rise over 7% on the day. Is DCO going up? | 9f40c002-657d-47eb-961f-d29064e57c1c |
710265.0 | 2016-08-08 00:00:00 UTC | Raytheon (RTN) Gets $288M Navy Contract for CIWS Upgrade | DCO | https://www.nasdaq.com/articles/raytheon-rtn-gets-%24288m-navy-contract-for-ciws-upgrade-2016-08-08 | nan | nan | Raytheon Co.RTN has secured a U.S. Navy contract to continue to provide conversion, system overhaul and upgrade services as well as related hardware for MK 15 Close-In Weapon Systems or CIWS.
RAYTHEON CO Price
RAYTHEON CO Price | RAYTHEON CO Quote
This modification contract, worth $288 million, will include purchases for the Navy and foreign allies comprising governments of Turkey as well as Australia, under the Foreign Military Sales ("FMS") program. Raytheon is slated to complete work under this contract by Dec 2022.
CIWS is an automatic terminal defense weapon system that is designed to detect, track, engage and destroy anti-ship missile threats penetrating outer defense envelopes. It has two variants - Phalanx and SeaRAM - in which the former utilizes a six-barrel Gatlin gun while the latter replaces the gun with an 11-round Rolling Airframe Missile guide.
The Phalanx type of CIWS is currently installed on Navy and Coast Guard ships, and is also in use among foreign allies.
Raytheon has a distinct focus on its overseas business. The company has been witnessing a steady rise in international sales over the past few years. International bookings comprised 31% of total company bookings in the second quarter of 2016. International sales increased 8% in the quarter while 42% of the total backlog was from international customers.
Raytheon reported second-quarter 2016 adjusted earnings from continuing operations of $1.75 per share, beating the Zacks Consensus Estimate by 2.9%. Earnings also increased 6.1% from the year-ago figure. The company's top line surpassed the Zacks Consensus Estimate by 3.3% and improved 3.2% year over year.
Although the company has maintained its 2016 revenue projection, it increased the earnings guidance to the range of $7.13−$7.33 per share from $6.93−$7.13 per share expected earlier.
Zacks Rank
Raytheon carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the defense space include Ducommun Inc. DCO , CAE Inc. CAE and KLX Inc. KLXI . While Ducommun sports a Zacks Rank #1 (Strong Buy), CAE and KLX carry a Zacks Rank #2 (Buy).
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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 defense space include Ducommun Inc. DCO , CAE Inc. CAE and KLX Inc. KLXI . Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report KLX INC (KLXI): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. The Phalanx type of CIWS is currently installed on Navy and Coast Guard ships, and is also in use among foreign allies. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report KLX INC (KLXI): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the defense space include Ducommun Inc. DCO , CAE Inc. CAE and KLX Inc. KLXI . International bookings comprised 31% of total company bookings in the second quarter of 2016. International sales increased 8% in the quarter while 42% of the total backlog was from international customers. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report KLX INC (KLXI): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the defense space include Ducommun Inc. DCO , CAE Inc. CAE and KLX Inc. KLXI . RAYTHEON CO Price RAYTHEON CO Price | RAYTHEON CO Quote This modification contract, worth $288 million, will include purchases for the Navy and foreign allies comprising governments of Turkey as well as Australia, under the Foreign Military Sales ("FMS") program. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CAE INC (CAE): Free Stock Analysis Report KLX INC (KLXI): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the defense space include Ducommun Inc. DCO , CAE Inc. CAE and KLX Inc. KLXI . RAYTHEON CO Price RAYTHEON CO Price | RAYTHEON CO Quote This modification contract, worth $288 million, will include purchases for the Navy and foreign allies comprising governments of Turkey as well as Australia, under the Foreign Military Sales ("FMS") program. | f745e990-94e4-49be-a2d0-839d122d786e |
710266.0 | 2016-05-06 00:00:00 UTC | Defense Stocks Reporting Earnings on May 9: ARTX, LMIA, DCO | DCO | https://www.nasdaq.com/articles/defense-stocks-reporting-earnings-on-may-9%3A-artx-lmia-dco-2016-05-06 | nan | nan | It's almost time for a curtain call of the first-quarter earnings season, with nearly 75% of the S&P 500 members having already released their results. Nearly 71.4% of the total 374 releases surpassed earnings expectation while 56.4% topped revenue estimates. It's so far so good, and if you add the recent weakening of the U.S. dollar, the S&P 500 members aren't so precariously placed as they were widely thought to be.
However, overall first-quarter 2016 earnings from the S&P 500 members are expected to be 7.1% lower than first-quarter 2015 on a 1.1% decline in total revenues. Out of the 16 sectors in our coverage, nearly 50% are expected to register a decrease in earnings compared with the prior year. Aerospace's earnings were expected to be down by 6.6% on a 0.4% decrease in revenues.
Among the 16 sectors in our coverage universe, the energy sector is expected to be the worst performer. Earnings from the energy sector are expected to be down 110.9% year over year on a 31.5% drop in revenues. Eight out of the 16 sectors are expected to come out with earnings growth this season with Automobile being the strongest at 53.2% earnings growth on 0.9% increase in revenues. For further details on earnings release kindly consult our Earnings Trend report.
Our proprietary model also shows that a stock which has a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has high chances of coming up with a positive surprise.
The top guns of the defense space like The Boeing Company BA and Lockheed Martin Corporation LMT have already released their first-quarter results. Boeing missed estimates by 3.8% while Lockheed came out with a positive earnings surprise of 2.8%.
With the first-quarter earnings season nearing its close, let's take stock of some defense players who are going to report earnings on May 9.
Arotech Corporation ARTX , a Zacks Rank #1 stock, delivered a positive earnings surprise of 600.0% in the preceding quarter. This defense company has an ESP of 0.00% and is a leading provider of quality defense and security products. This company supplies pilot decision-making support software for the F-15, F-16, F-18, F-22, and F-35 aircraft.
The above chart indicates that Arotech Corporation delivered positive earnings surprises in two out of the last four quarters. The average positive earnings surprise was 166.67%.
LMI Aerospace Inc. LMIA , a Zacks Rank#3 stock, reported a positive earnings surprise of 185.71% last quarter. This defense company is a leading supplier of structural assemblies to the commercial, business and regional, and defense aerospace market. It supplies components to Boeing's 737, 737 Max and 787 models. The backlog of the company continues to increase thanks to a continuous stream of orders from commercial giants. LMI Aerospace has an ESP of 0.00%.
The above chart indicates that LMI Aerospace delivered positive earnings surprises in three out of the last four quarters. The average positive earnings surprise was 223.93%.
Ducommun Inc. DCO , a Zacks Rank #5 (Strong Sell) stock, reported a negative earnings surprise of 5.41% last quarter. This company has an ESP of 0.00% and is a global provider of manufacturing and engineering services in aerospace, defense and industrial markets. In first-quarter 2016, the company received a contract from Airbus to produce titanium structures for engine support on the A320neo aircraft. Airbus also awarded Ducommun its first work on the A330neo platform. Per the engineering design support contract, Ducommun will work with Airbus to improve the manufacturability, cost, and function of certain metal structure applications.
The above chart indicates that Ducommun Inc. delivered positive earnings surprises in only one out of the last four quarters. This led to an average negative earnings surprise of 70.40%.
Bottom Line
With the first-quarter earnings season nearing its close, let's stay focused on the aerospace and defense stocks releasing their numbers on Monday.
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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. | Ducommun Inc. DCO , a Zacks Rank #5 (Strong Sell) stock, reported a negative earnings surprise of 5.41% last quarter. Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AROTECH CORP (ARTX): Free Stock Analysis Report To read this article on Zacks.com click here. The top guns of the defense space like The Boeing Company BA and Lockheed Martin Corporation LMT have already released their first-quarter results. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AROTECH CORP (ARTX): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc. DCO , a Zacks Rank #5 (Strong Sell) stock, reported a negative earnings surprise of 5.41% last quarter. Arotech Corporation ARTX , a Zacks Rank #1 stock, delivered a positive earnings surprise of 600.0% in the preceding quarter. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AROTECH CORP (ARTX): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc. DCO , a Zacks Rank #5 (Strong Sell) stock, reported a negative earnings surprise of 5.41% last quarter. With the first-quarter earnings season nearing its close, let's take stock of some defense players who are going to report earnings on May 9. | Ducommun Inc. DCO , a Zacks Rank #5 (Strong Sell) stock, reported a negative earnings surprise of 5.41% last quarter. Click to get this free report BOEING CO (BA): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AROTECH CORP (ARTX): Free Stock Analysis Report To read this article on Zacks.com click here. With the first-quarter earnings season nearing its close, let's take stock of some defense players who are going to report earnings on May 9. | 5ab7d167-ffad-4ced-93ee-26d6e2a303fa |
710267.0 | 2016-03-14 00:00:00 UTC | After-Hours Earnings Report for March 14, 2016 : TTEC, INGN, MNKD, AKBA, BLCM, PFSW, RXDX, JMBA, CUI, TPVG, DCO, RST | DCO | https://www.nasdaq.com/articles/after-hours-earnings-report-march-14-2016-ttec-ingn-mnkd-akba-blcm-pfsw-rxdx-jmba-cui-tpvg | nan | nan | The following companies are expected to report earnings after hours on 03/14/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
TeleTech Holdings, Inc. ( TTEC ) is reporting for the quarter ending December 31, 2015. The outsourcing company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.52. This value represents a 13.04% increase compared to the same quarter last year. TTEC missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -17.14%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for TTEC is 18.36 vs. an industry ratio of 21.10.
Inogen, Inc ( INGN ) is reporting for the quarter ending December 31, 2015. The medical instruments company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.07. This value represents a 16.67% increase compared to the same quarter last year. In the past year INGN has met analyst expectations once and beat the expectations the other three quarters. The "days to cover" for this stock exceeds 14 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for INGN is 77.91 vs. an industry ratio of 4.10, implying that they will have a higher earnings growth than their competitors in the same industry.
MannKind Corporation ( MNKD ) is reporting for the quarter ending December 31, 2015. The biomedical (gene) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.05. This value represents a 44.44% increase compared to the same quarter last year. MNKD missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -14.29%. The "days to cover" for this stock exceeds 24 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for MNKD is -4.75 vs. an industry ratio of -20.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Akebia Therapeutics, Inc. ( AKBA ) is reporting for the quarter ending December 31, 2015. The drug company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.46. This value represents a 11.54% increase compared to the same quarter last year. AKBA missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -61.9%. The "days to cover" for this stock exceeds 13 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AKBA is -5.52 vs. an industry ratio of 30.40.
Bellicum Pharmaceuticals, Inc. ( BLCM ) is reporting for the quarter ending December 31, 2015. The drug company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.44. This value represents a 78.22% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for BLCM is -5.87 vs. an industry ratio of 30.40.
PFSweb, Inc. ( PFSW ) is reporting for the quarter ending December 31, 2015. The business services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.03. This value represents a 116.67% decrease compared to the same quarter last year. The last two quarters PFSW had negative earnings surprises; the latest report they missed by -133.33%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for PFSW is -29.64 vs. an industry ratio of 18.90.
Ignyta, Inc. ( RXDX ) is reporting for the quarter ending December 31, 2015. The drug company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.55. This value represents a 47.62% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for RXDX is -2.88 vs. an industry ratio of 30.40.
Jamba, Inc. ( JMBA ) is reporting for the quarter ending December 31, 2015. The restaurant company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.07. This value represents a 74.07% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 35 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for JMBA is 76.65 vs. an industry ratio of 26.40, implying that they will have a higher earnings growth than their competitors in the same industry.
CUI Global, Inc. ( CUI ) is reporting for the quarter ending December 31, 2015. The machinery company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.01. This value represents a 80.00% increase compared to the same quarter last year. CUI missed the consensus earnings per share in the 1st calendar quarter of 2015 by -166.67%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for CUI is -39.35 vs. an industry ratio of 12.40.
TriplePoint Venture Growth BDC Corp. ( TPVG ) is reporting for the quarter ending December 31, 2015. The financial services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.31. This value represents a 47.46% decrease compared to the same quarter last year. In the past year TPVG has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2015 Price to Earnings ratio for TPVG is 6.94 vs. an industry ratio of 6.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2015. The aerospace and defense company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.37. This value represents a 19.57% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DCO is 16.61 vs. an industry ratio of 27.10.
Rosetta Stone ( RST ) is reporting for the quarter ending December 31, 2015. The computer software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.67. This value represents a 294.12% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for RST is -3.20 vs. an industry ratio of 7.60.
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. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DCO is 16.61 vs. an industry ratio of 27.10. The medical instruments company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.07. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DCO is 16.61 vs. an industry ratio of 27.10. Zacks Investment Research reports that the 2015 Price to Earnings ratio for INGN is 77.91 vs. an industry ratio of 4.10, implying that they will have a higher earnings growth than their competitors in the same industry. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DCO is 16.61 vs. an industry ratio of 27.10. Zacks Investment Research reports that the 2015 Price to Earnings ratio for INGN is 77.91 vs. an industry ratio of 4.10, implying that they will have a higher earnings growth than their competitors in the same industry. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DCO is 16.61 vs. an industry ratio of 27.10. TTEC missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -17.14%. | 6eb15f90-0819-447a-9dfb-1b286124ef13 |
710268.0 | 2015-12-14 00:00:00 UTC | Zacks Industry Outlook Highlights: Ducommun, KLX and LMI Aerospace | DCO | https://www.nasdaq.com/articles/zacks-industry-outlook-highlights%3A-ducommun-klx-and-lmi-aerospace-2015-12-14 | nan | nan | Chicago, IL - December 14, 2015 - Today, Zacks Equity Research discusses the Aerospace/Defense (Part 3), including Ducommun Inc. ( DCO ), KLX Inc. ( KLXI ) and LMI Aerospace Inc. ( LMIA ).
Industry: Aerospace/Defense (Part 3)
Link: http://www.zacks.com/ commentary/64683/will-cuts-in- major-weapons-programs-hurt- defense-stocks
Economic Picture: The U.S. has been the world's largest defense consumer since World War II. Iraq and Afghanistan wars in the past decade boosted spending, driving it to historic heights. However, the winding down of those wars and severe pressure to lower the national debt burden following the country's major financial distress since the Great Depression have cast a long shadow over the U.S defense budget. Although the defense market received the latest two-year budget deal with much enthusiasm as it brought military stability, one cannot overlook the risk of an economic downturn.
A country's ability to spend on defense is a function of its economic health. The same is true at the global level - the faster the global economy grows, the higher the defense spending. Following the global crisis in 2008, there was a marked shift in defense spending growth from the developed to the emerging countries.
Notably, the overall U.S. economy, as measured by the gross domestic product or GDP, increased at an annual rate of 2.1% in the July-September period, per the Commerce Department report. This was down from the second quarter's notable 3.9% growth rate. Government spending grew at a 1.7% rate as strength in state and local spending offset a big drop in defense spending.
Although GDP growth will likely accelerate slightly to around 2.5% for 2015, economists are anticipating that 2015 will be another year of only modest economic growth.
Intense Competition: The aerospace and defense companies compete among themselves for a number of small and large programs.
Moreover, China is flexing its military muscles and is developing space technologies aimed at blocking U.S. military communications, per a report commissioned by a panel formed by the U.S. Congress. China's goal is to become a space power as forceful the U.S. and to promote a space industry equal to those in the U.S., Europe and Russia.
Given the looming headwinds, we advise investors against names that offer little growth/opportunity over the near term. These include companies for which estimate revision trends reflect a bearish sentiment.
In addition, we are skeptical of these Zacks Ranked #5 (Strong Sell) stocks: Ducommun Inc. ( DCO ), KLX Inc. ( KLXI ) and LMI Aerospace Inc. ( LMIA ).
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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. | Chicago, IL - December 14, 2015 - Today, Zacks Equity Research discusses the Aerospace/Defense (Part 3), including Ducommun Inc. ( DCO ), KLX Inc. ( KLXI ) and LMI Aerospace Inc. ( LMIA ). In addition, we are skeptical of these Zacks Ranked #5 (Strong Sell) stocks: Ducommun Inc. ( DCO ), KLX Inc. ( KLXI ) and LMI Aerospace Inc. ( LMIA ). Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KLX INC (KLXI): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report To read this article on Zacks.com click here. | Chicago, IL - December 14, 2015 - Today, Zacks Equity Research discusses the Aerospace/Defense (Part 3), including Ducommun Inc. ( DCO ), KLX Inc. ( KLXI ) and LMI Aerospace Inc. ( LMIA ). In addition, we are skeptical of these Zacks Ranked #5 (Strong Sell) stocks: Ducommun Inc. ( DCO ), KLX Inc. ( KLXI ) and LMI Aerospace Inc. ( LMIA ). Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KLX INC (KLXI): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report To read this article on Zacks.com click here. | Chicago, IL - December 14, 2015 - Today, Zacks Equity Research discusses the Aerospace/Defense (Part 3), including Ducommun Inc. ( DCO ), KLX Inc. ( KLXI ) and LMI Aerospace Inc. ( LMIA ). Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KLX INC (KLXI): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, we are skeptical of these Zacks Ranked #5 (Strong Sell) stocks: Ducommun Inc. ( DCO ), KLX Inc. ( KLXI ) and LMI Aerospace Inc. ( LMIA ). | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KLX INC (KLXI): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report To read this article on Zacks.com click here. Chicago, IL - December 14, 2015 - Today, Zacks Equity Research discusses the Aerospace/Defense (Part 3), including Ducommun Inc. ( DCO ), KLX Inc. ( KLXI ) and LMI Aerospace Inc. ( LMIA ). In addition, we are skeptical of these Zacks Ranked #5 (Strong Sell) stocks: Ducommun Inc. ( DCO ), KLX Inc. ( KLXI ) and LMI Aerospace Inc. ( LMIA ). | b54e3131-20ed-4d5c-b766-4ab3b1e51aa7 |
710269.0 | 2015-11-13 00:00:00 UTC | What Falling Estimates & Price Mean for Ducommun (DCO) | DCO | https://www.nasdaq.com/articles/what-falling-estimates-price-mean-for-ducommun-dco-2015-11-13 | 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 Ducommun Inc.DCO , 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 #5 (Strong Sell) further confirms weakness in DCO.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 2 estimates moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from $1.01 a share a month ago to its current level of 85 cents.
Also, for the current quarter, Ducommun has seen 4 downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to 38 cents a share from 55 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 11.7% in the past month.
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 broader Aerospace sector, you may instead consider a better-ranked stock - Leidos Holdings, Inc. LDOS . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be better selection at this 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. | One such stock that you may want to consider dropping is Ducommun Inc.DCO , 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 #5 (Strong Sell) further confirms weakness in DCO. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. One such stock that you may want to consider dropping is Ducommun Inc.DCO , 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 #5 (Strong Sell) further confirms weakness in DCO. | One such stock that you may want to consider dropping is Ducommun Inc.DCO , 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. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. A Zacks Rank #5 (Strong Sell) further confirms weakness in DCO. | One such stock that you may want to consider dropping is Ducommun Inc.DCO , 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 #5 (Strong Sell) further confirms weakness in DCO. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. | d6cfc31f-a240-4db0-b7f9-9a569e76996c |
710270.0 | 2015-10-29 00:00:00 UTC | Kratos Defense & Security (KTOS) Rises: Stock Jumps 6.5% | DCO | https://www.nasdaq.com/articles/kratos-defense-security-ktos-rises%3A-stock-jumps-6.5-2015-10-29 | nan | nan | Kratos Defense & Security Solutions, Inc.KTOS was a big mover last session, as the company saw its shares rise nearly 7% 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 of the company, as the stock is now trading above the volatile price range of $4.05 to $4.86 over the past one month time frame.
None of the estimates for this stock were revised in the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Kratos Defense & Security carries a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.
A better-ranked stock in the aerospace/defense equipment industry is Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy).
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Is KTOS going up? Or down? Predict to see what others think: Up or Down
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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 better-ranked stock in the aerospace/defense equipment industry is Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report To read this article on Zacks.com click here. Kratos Defense & Security Solutions, Inc.KTOS was a big mover last session, as the company saw its shares rise nearly 7% on the day. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the aerospace/defense equipment industry is Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy). Kratos Defense & Security carries a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the aerospace/defense equipment industry is Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy). This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.05 to $4.86 over the past one month time frame. | A better-ranked stock in the aerospace/defense equipment industry is Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report To read this article on Zacks.com click here. Kratos Defense & Security Solutions, Inc.KTOS was a big mover last session, as the company saw its shares rise nearly 7% on the day. | c7be0391-441c-46d9-b1e6-86fab277d573 |
710271.0 | 2015-10-29 00:00:00 UTC | Triumph (TGI) Misses Q2 Earnings and Revenue Estimates | DCO | https://www.nasdaq.com/articles/triumph-tgi-misses-q2-earnings-and-revenue-estimates-2015-10-29 | nan | nan | Triumph Group Inc. 's TGI adjusted earnings from continuing operations for second-quarter fiscal 2016 ended Sep 30, 2015, came in at $1.32 per share, lagging the Zacks Consensus Estimate of $1.35 by 2.2%. Also, earnings decreased 7% from $1.42 a year ago.
On a GAAP basis, the company reported earnings of $1.25 per share, compared with $1.32 per share in the prior-year quarter. The difference in reported and adjusted earnings was due to an approximate $5.4 million pre-tax charge (7 cents per share) related to a facility consolidation in the Aerospace Systems Group as a result of the ongoing business review.
Triumph Group Inc. (TGI) - Earnings Surprise | FindTheCompany
Total Revenue
In the reported quarter, net sales were $954.8 million, missing the Zacks Consensus Estimate of $985 million by 3.1%. The top line also declined 4% year over year.
Moreover, organic sales declined 12% primarily due to a lower production rate of key Aerostructures programs.
Operational Highlights
In second-quarter fiscal 2016, the company reported an operating income of $110 million, compared with $114.7 million in the prior-year quarter.
Segment Performance
Aerostructures: Segment sales were $604.9 million, down from $632.5 million in the year-ago quarter. Organic sales were down 17% primarily due to lower production on the C-17, 747-8 and A330 programs. Operating income declined 4.1% to $67.1 million from $70 million in the year-ago quarter.
Aerospace Systems: Segment sales declined 3% year over year to $280.2 million. Organic sales for the quarter decreased 3% mainly due to lower aftermarket sales, order timing on certain military programs and slower commercial rotorcraft demand. Operating income was $46.1 million, down 0.2% year over year from the prior-year level of $46.2 million.
Aftermarket Services: Segment revenues rose 0.7% to $73.8 million in the reported quarter. Organic sales for the quarter declined 11% primarily due to decreased demand of commercial aircraft. Operating income was $9.1 million, down 21.5% from $11.6 million in second-quarter fiscal 2015.
Financial Position
As of Sep 30, 2015, Triumph's cash balance was $39.1 million compared with $32.6 million as of Mar 31, 2015. As of Jun 30, 2015, long-term debt (excluding current portion) was $1,556.6 million compared with $1,326.3 million as of Mar 31, 2015.
Cash outflow from operations, after pension contributions, during the quarter was $178.5 million as against an inflow of $313.8 million in the year-ago quarter. The company spent $38.1 million as capital expenditure in the quarter compared with $59.1 million in the comparable period last year.
Guidance
For fiscal 2016, the company reiterated revenues in the range of $3.9-$4.0 billion and earnings per share, excluding facility consolidation costs and the pension curtailment charge, between $5.50 and $5.75 per share.
Cash available for debt reduction, acquisitions and share repurchases for fiscal 2016 is expected in the range of $25-$50 million.
Zacks Rank
Currently, Triumph carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the aerospace/defense industry include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy), and LMI Aerospace Inc. LMIA and Kratos Defense & Security Solutions, Inc. KTOS , both holding a Zacks Rank #2 (Buy).
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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 aerospace/defense industry include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy), and LMI Aerospace Inc. LMIA and Kratos Defense & Security Solutions, Inc. KTOS , both holding a Zacks Rank #2 (Buy). Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report To read this article on Zacks.com click here. Triumph Group Inc. 's TGI adjusted earnings from continuing operations for second-quarter fiscal 2016 ended Sep 30, 2015, came in at $1.32 per share, lagging the Zacks Consensus Estimate of $1.35 by 2.2%. | Some better-ranked stocks in the aerospace/defense industry include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy), and LMI Aerospace Inc. LMIA and Kratos Defense & Security Solutions, Inc. KTOS , both holding a Zacks Rank #2 (Buy). Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report To read this article on Zacks.com click here. Triumph Group Inc. (TGI) - Earnings Surprise | FindTheCompany Total Revenue In the reported quarter, net sales were $954.8 million, missing the Zacks Consensus Estimate of $985 million by 3.1%. | Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the aerospace/defense industry include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy), and LMI Aerospace Inc. LMIA and Kratos Defense & Security Solutions, Inc. KTOS , both holding a Zacks Rank #2 (Buy). Triumph Group Inc. (TGI) - Earnings Surprise | FindTheCompany Total Revenue In the reported quarter, net sales were $954.8 million, missing the Zacks Consensus Estimate of $985 million by 3.1%. | Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the aerospace/defense industry include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy), and LMI Aerospace Inc. LMIA and Kratos Defense & Security Solutions, Inc. KTOS , both holding a Zacks Rank #2 (Buy). Operational Highlights In second-quarter fiscal 2016, the company reported an operating income of $110 million, compared with $114.7 million in the prior-year quarter. | 454b9954-c344-4d69-8b64-da3b90ea5ee2 |
710272.0 | 2015-10-27 00:00:00 UTC | Spirit AeroSystems' Q3 Earnings Miss Estimates, Down Y/Y | DCO | https://www.nasdaq.com/articles/spirit-aerosystems-q3-earnings-miss-estimates-down-y-y-2015-10-27 | nan | nan | Spirit AeroSystems Holdings, Inc.SPR posted third-quarter 2015 adjusted earnings of 89 cents, missing the Zacks Consensus Estimate of 94 cents by 5.3%. Earnings were also lower than the year-ago figure of 90 cents.
On a GAAP basis, the company reported earnings of $2.24 per share in the reported quarter compared to $1.20 in the prior-year quarter. The difference between operating and GAAP results was due to an impact of $1.35 for the release of majority of deferred tax asset valuation allowance.
Spirit Aerosystems Holdings Inc. - Earnings Surprise | FindTheBest
Highlights of the Release
Total revenues of $1,594 million in the third quarter missed the Zacks Consensus Estimate of $1,662 million by 4.1%. However, the top line declined 5.8% year over year primarily due to the divestiture of the Gulfstream wing and lower revenues from the 787 program.
Backlog at the end of the quarter was $46 billion, registering a sequential decrease of $1 billion.
Segment Performance
Fuselage Systems: Revenues at the segment increased 2% to $820 million from the prior-year figure of $804 million.
Propulsion Systems: The segment recorded revenues of $430 million in the reported quarter, down from $442 million in the year-ago quarter.
Wing Systems: Revenues at this segment also decreased 23.5% year over year to $341 million.
Financial Position
As of Oct 1, 2015, Spirit AeroSystems had $1,042.7 million in cash and cash equivalents compared with $377.9 million as of Dec 31, 2014.
Long-term debt (excluding current portion) as of Oct 1, 2015, was $1,105 million, lower than $1,144.1 million at the end of 2014.
Cash flow from operating activities increased significantly to $240 million in the quarter from $119 million a year ago.
Capital expenditure was $101 million compared with $44.4 million in the year-ago period. Free cash flow was $139 million compared with $75 million in the prior-year period.
Guidance
Spirit AeroSystems maintained its 2015 revenue guidance in the range of $6.6 billion to $6.7 billion.
The company increased its earnings expectations for the year to $3.80−$3.95 per share from $3.60−$3.80 guided earlier. Additionally, management maintained its free cash flow projection of $700−$800 million and capital investments in the range of $325−$375 million.
Other Defense Releases
Raytheon Co. RTN reported third-quarter 2015 earnings from continuing operations of $1.47 per share, beating the Zacks Consensus Estimate of $1.40 by 5%.
Upcoming Releases
Ducommun Inc. DCO is scheduled to release its earnings on Nov 4, 2015, after the market closes.
LMI Aerospace Inc. LMIA is scheduled to release its earnings on Nov 6, 2015 before the opening bell.
Zacks Rank
Spirit AeroSystems currently has a Zacks Rank #2 (Buy).
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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. | Upcoming Releases Ducommun Inc. DCO is scheduled to release its earnings on Nov 4, 2015, after the market closes. Click to get this free report SPIRIT AEROSYS (SPR): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. The difference between operating and GAAP results was due to an impact of $1.35 for the release of majority of deferred tax asset valuation allowance. | Click to get this free report SPIRIT AEROSYS (SPR): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Upcoming Releases Ducommun Inc. DCO is scheduled to release its earnings on Nov 4, 2015, after the market closes. Spirit AeroSystems Holdings, Inc.SPR posted third-quarter 2015 adjusted earnings of 89 cents, missing the Zacks Consensus Estimate of 94 cents by 5.3%. | Click to get this free report SPIRIT AEROSYS (SPR): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Upcoming Releases Ducommun Inc. DCO is scheduled to release its earnings on Nov 4, 2015, after the market closes. Spirit Aerosystems Holdings Inc. - Earnings Surprise | FindTheBest Highlights of the Release Total revenues of $1,594 million in the third quarter missed the Zacks Consensus Estimate of $1,662 million by 4.1%. | Click to get this free report SPIRIT AEROSYS (SPR): Free Stock Analysis Report RAYTHEON CO (RTN): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Upcoming Releases Ducommun Inc. DCO is scheduled to release its earnings on Nov 4, 2015, after the market closes. Cash flow from operating activities increased significantly to $240 million in the quarter from $119 million a year ago. | a62c7866-a0cc-457b-bb4f-bdd7efc5fddc |
710273.0 | 2015-08-27 00:00:00 UTC | Raytheon Secures U.S. Air Force Life-Cycle Support Contract | DCO | https://www.nasdaq.com/articles/raytheon-secures-u.s.-air-force-life-cycle-support-contract-2015-08-27 | nan | nan | Raytheon CompanyRTN has been selected by the U.S. Air Force as one of the prime contractors on the Training Systems Acquisition III (TSA III) contract to provide training services. The 10-year multiple award, indefinite delivery/indefinite quantity contract has a total value of $20.9 billion.
Per the multiple-award contract, Raytheon will bid for delivery orders to provide lifecycle management for aircrew, maintenance and systems-specific training systems internationally.
As a supplier of training services to the U.S. Army, Raytheon's investments in systems, amenities and partnerships have helped it to save more than $300 million since 2007, while maintaining training effectiveness and efficiency.
Raytheon intends to use its Automated Toolset for Lifecycle Activities and Services Management Information System (ATLAS MIS). This is a web-based collection of tools for real-time management oversight in areas such as finance and property, and training device sustainment. The system can accurately track over 30 million spare and repair parts, and provide lifecycle management data to over 6,000 users and 150 companies across 400 locations worldwide.
The company also operates the Warfighter FOCUS Customer Support Operations Center (CSOC) that can swiftly respond to trainer necessities, while monitoring training sustainment activities round the clock.
Recently, Raytheon won a contract extension from the NASA to continue providing operations, maintenance and engineering services to the Neutral Buoyancy Lab and Space Vehicle Mockup Facility for up to four years. The contract has a potential value of $101.9 million.
During the second quarter of 2015, Intelligence and Information Services ("IIS") booked contracts worth $387 million for domestic training programs and $151 million for foreign training programs in support of Warfighter FOCUS activities. The segment also booked $376 million on a number of classified contracts.
Zacks Rank
Raytheon Company currently has a Zacks Rank #4 (Sell). Some better-ranked stocks in the industry include Ducommun Inc. DCO and LMI Aerospace Inc. LMIA , both sporting a Zacks Rank #1 (Strong Buy), and Spirit AeroSystems Holdings, Inc. SPR carrying a Zacks Rank #2 (Buy).
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RAYTHEON CO (RTN): 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 industry include Ducommun Inc. DCO and LMI Aerospace Inc. LMIA , both sporting a Zacks Rank #1 (Strong Buy), and Spirit AeroSystems Holdings, Inc. SPR carrying a Zacks Rank #2 (Buy). Click to get this free report RAYTHEON CO (RTN): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Per the multiple-award contract, Raytheon will bid for delivery orders to provide lifecycle management for aircrew, maintenance and systems-specific training systems internationally. | Some better-ranked stocks in the industry include Ducommun Inc. DCO and LMI Aerospace Inc. LMIA , both sporting a Zacks Rank #1 (Strong Buy), and Spirit AeroSystems Holdings, Inc. SPR carrying a Zacks Rank #2 (Buy). Click to get this free report RAYTHEON CO (RTN): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. During the second quarter of 2015, Intelligence and Information Services ("IIS") booked contracts worth $387 million for domestic training programs and $151 million for foreign training programs in support of Warfighter FOCUS activities. | Click to get this free report RAYTHEON CO (RTN): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the industry include Ducommun Inc. DCO and LMI Aerospace Inc. LMIA , both sporting a Zacks Rank #1 (Strong Buy), and Spirit AeroSystems Holdings, Inc. SPR carrying a Zacks Rank #2 (Buy). Raytheon CompanyRTN has been selected by the U.S. Air Force as one of the prime contractors on the Training Systems Acquisition III (TSA III) contract to provide training services. | Click to get this free report RAYTHEON CO (RTN): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the industry include Ducommun Inc. DCO and LMI Aerospace Inc. LMIA , both sporting a Zacks Rank #1 (Strong Buy), and Spirit AeroSystems Holdings, Inc. SPR carrying a Zacks Rank #2 (Buy). Per the multiple-award contract, Raytheon will bid for delivery orders to provide lifecycle management for aircrew, maintenance and systems-specific training systems internationally. | 9881cf20-8d8a-4698-a839-8012ac04a33b |
710274.0 | 2015-08-25 00:00:00 UTC | Orbital ATK/Lockheed Martin Sign Deal for A2100 Program | DCO | https://www.nasdaq.com/articles/orbital-atk-lockheed-martin-sign-deal-for-a2100-program-2015-08-25 | nan | nan | Dulles, VA-based aerospace and defense company Orbital ATK, Inc.OA has signed a contract to supply propellant and pressurant tanks for Lockheed Martin Corporation's LMT A2100 satellite program. The A2100 satellites offer global telecommunications applications for government, commercial and civil customers.
The contract, which will expire in Mar 2020, extends Orbital ATK's 20-year long relationship with Lockheed Martin for satellite fuel tanks produced by its Space Components Division of Space Systems Group in Commerce, CA. Since the mid-1990s, Orbital ATK has supplied all but two flight sets for the A2100 platform.
A flight set includes a hybrid composite pair of liquid propellant tanks, a pair of high-pressure/high-performance, titanium-lined pressurant tanks and a pair of titanium-lined ion propulsion xenon tanks.
The liquid propellant tanks contain a high-performance Propellant Management Device (PMD) designed by Wilson, WY-based PMD Technologies. PMDs are static all-metal structures inside spacecraft propellant tanks that use surface tension to ensure gas-free liquid delivery to the tank outlet. To date, Orbital ATK has delivered more than 1,400 PMD tank assemblies.
Last month, Orbital ATK inked a $98 million deal with Lockheed Martin for providing the launch abort motor for the Orion human spaceflight capsule's Launch Abort System. The primary goal of the contract is to complete design, development, test and qualification of the abort motor (read more: Orbital ATK Gets Launch Abort Motor Contract from Lockheed ).
The diverse product offering of Orbital ATK enables it to maintain consistent contract wins and will help the company to achieve its revenue and earnings guidance for 2015. For 2015, Orbital ATK widened the revenue guidance range to $4,425-$4,500 million from an earlier projection of $4,350-$4,450 million. Earnings for the year are projected in a band of $4.60-$4.80 per share, up from $4.40-$4.60 per share guided earlier.
Currently, Orbital ATK carries a Zacks Rank #2 (Buy). Ducommun Inc. DCO and LMI Aerospace Inc. LMIA are other favorably placed stocks in the aerospace and defense equipment industry at the moment, both sporting a Zacks Rank #1 (Strong Buy).
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ORBITAL ATK INC (OA): 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. | Ducommun Inc. DCO and LMI Aerospace Inc. LMIA are other favorably placed stocks in the aerospace and defense equipment industry at the moment, both sporting a Zacks Rank #1 (Strong Buy). Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ORBITAL ATK INC (OA): Free Stock Analysis Report To read this article on Zacks.com click here. Dulles, VA-based aerospace and defense company Orbital ATK, Inc.OA has signed a contract to supply propellant and pressurant tanks for Lockheed Martin Corporation's LMT A2100 satellite program. | Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ORBITAL ATK INC (OA): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc. DCO and LMI Aerospace Inc. LMIA are other favorably placed stocks in the aerospace and defense equipment industry at the moment, both sporting a Zacks Rank #1 (Strong Buy). Dulles, VA-based aerospace and defense company Orbital ATK, Inc.OA has signed a contract to supply propellant and pressurant tanks for Lockheed Martin Corporation's LMT A2100 satellite program. | Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ORBITAL ATK INC (OA): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc. DCO and LMI Aerospace Inc. LMIA are other favorably placed stocks in the aerospace and defense equipment industry at the moment, both sporting a Zacks Rank #1 (Strong Buy). Dulles, VA-based aerospace and defense company Orbital ATK, Inc.OA has signed a contract to supply propellant and pressurant tanks for Lockheed Martin Corporation's LMT A2100 satellite program. | Ducommun Inc. DCO and LMI Aerospace Inc. LMIA are other favorably placed stocks in the aerospace and defense equipment industry at the moment, both sporting a Zacks Rank #1 (Strong Buy). Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ORBITAL ATK INC (OA): Free Stock Analysis Report To read this article on Zacks.com click here. Dulles, VA-based aerospace and defense company Orbital ATK, Inc.OA has signed a contract to supply propellant and pressurant tanks for Lockheed Martin Corporation's LMT A2100 satellite program. | ac32cbaf-1d3b-4d7d-a660-76c3c010f63c |
710275.0 | 2015-08-24 00:00:00 UTC | Raytheon Wins $102 Million Contract Extension from the NASA | DCO | https://www.nasdaq.com/articles/raytheon-wins-%24102-million-contract-extension-from-the-nasa-2015-08-24 | nan | nan | Raytheon CompanyRTN has won a contract extension from the National Aeronautics and Space Administration's (NASA) Johnson Space Center to continue providing operations, maintenance and engineering services to the Neutral Buoyancy Lab ("NBL") and Space Vehicle Mockup Facility ("SVMF") for up to four years. The contract has a potential value of $101.9 million.
NBL is the deep water pool to train astronauts for space walks and other activities associated with spaceflight ascent, orbit and re-entry. SVMF, on the other hand, provides full-size mockups and simulators for the International Space Station, Orion capsule and commercial space modules. Essentially, both facilities examine scenarios and new equipment, and are integral in ensuring safe human spaceflight.
Per the latest contract, Raytheon will continue to serve as the NASA's partner for critical space mission support programs. The company runs real-time mission scenarios for International Space Station astronauts so as to prepare them for spaceflight challenges. Apart from daily operations and maintenance, the company conducts service life extension programs for simulated operations in a dynamic underwater environment.
Raytheon makes concerted efforts on increasing commercial uses of NBL. This has increased commercial demand for the agency's underwater setting for equipment testing and safety training purposes. This helps the NASA to offset its expenditure substantially and continue providing services for space exploration in the future.
We note that Raytheon's Intelligence and Information Services (IIS) segment has secured contracts worth over $2.5 billion till date. These include one from the NASA for managing the earth science data system, the Space launch range contract from the U.S. Air Force, and a contract for variety of support services from the North American Aerospace Defense Command (NORAD).
During the second quarter of 2015, IIS booked $387 million worth of contracts on domestic training programs and $151 million on foreign training programs in support of Warfighter FOCUS activities. The segment also booked $376 million on a number of classified contracts.
Zacks Rank
Raytheon Company currently has a Zacks Rank #4 (Sell). Better-ranked stocks in the industry include Ducommun Inc. DCO and LMI Aerospace Inc. LMIA , both sporting a Zacks Rank #1 (Strong Buy), and Spirit AeroSystems Holdings, Inc. SPR carrying a Zacks Rank #2 (Buy).
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RAYTHEON CO (RTN): Free Stock Analysis Report
SPIRIT AEROSYS (SPR): Free Stock Analysis Report
LMI AEROSPACE (LMIA): Free Stock Analysis Report
DUCOMMUN INC DE (DCO): 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. | Better-ranked stocks in the industry include Ducommun Inc. DCO and LMI Aerospace Inc. LMIA , both sporting a Zacks Rank #1 (Strong Buy), and Spirit AeroSystems Holdings, Inc. SPR carrying a Zacks Rank #2 (Buy). Click to get this free report RAYTHEON CO (RTN): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. NBL is the deep water pool to train astronauts for space walks and other activities associated with spaceflight ascent, orbit and re-entry. | Better-ranked stocks in the industry include Ducommun Inc. DCO and LMI Aerospace Inc. LMIA , both sporting a Zacks Rank #1 (Strong Buy), and Spirit AeroSystems Holdings, Inc. SPR carrying a Zacks Rank #2 (Buy). Click to get this free report RAYTHEON CO (RTN): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. During the second quarter of 2015, IIS booked $387 million worth of contracts on domestic training programs and $151 million on foreign training programs in support of Warfighter FOCUS activities. | Click to get this free report RAYTHEON CO (RTN): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the industry include Ducommun Inc. DCO and LMI Aerospace Inc. LMIA , both sporting a Zacks Rank #1 (Strong Buy), and Spirit AeroSystems Holdings, Inc. SPR carrying a Zacks Rank #2 (Buy). Raytheon CompanyRTN has won a contract extension from the National Aeronautics and Space Administration's (NASA) Johnson Space Center to continue providing operations, maintenance and engineering services to the Neutral Buoyancy Lab ("NBL") and Space Vehicle Mockup Facility ("SVMF") for up to four years. | Better-ranked stocks in the industry include Ducommun Inc. DCO and LMI Aerospace Inc. LMIA , both sporting a Zacks Rank #1 (Strong Buy), and Spirit AeroSystems Holdings, Inc. SPR carrying a Zacks Rank #2 (Buy). Click to get this free report RAYTHEON CO (RTN): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report LMI AEROSPACE (LMIA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon CompanyRTN has won a contract extension from the National Aeronautics and Space Administration's (NASA) Johnson Space Center to continue providing operations, maintenance and engineering services to the Neutral Buoyancy Lab ("NBL") and Space Vehicle Mockup Facility ("SVMF") for up to four years. | 407def2a-0875-4bd7-933a-bb1e2dea170e |
710276.0 | 2015-08-24 00:00:00 UTC | Will TransDigm Grow on Ongoing Strategic Acquisitions? | DCO | https://www.nasdaq.com/articles/will-transdigm-grow-on-ongoing-strategic-acquisitions-2015-08-24 | nan | nan | We issued an updated research report on TransDigm Group IncorporatedTDG on Aug 24, 2015. This leading global designer, producer and supplier of highly engineered aircraft components recently concluded the buyout of PneuDraulics.
TransDigm had announced the PneuDraulics acquisition on Jul 28, 2015. This acquisition provides the company with a total tax benefit of $107 million for a span of 15 years. PneuDraulics holds a proven record of providing best-in-class hydraulic components to a substantial part of the aerospace market including commercial transport, regional business jets and military aircraft.
PneuDraulics' foothold in multiple, high-use platforms, coupled with its strong position in aftermarket content, makes it a perfect pick for TransDigm. With this acquisition, TransDigm will now be able to strengthen its commercial aftermarket presence through increased offerings on several platforms of The Boeing Company BA and Airbus Group SE EADSY .
Notably, TransDigm has been actively working towards strengthening and enhancing its position in highly engineered proprietary aerospace components' niche markets. For this, the company has been eyeing proprietary aerospace businesses with strong aftermarket scope. In third-quarter fiscal 2015, TransDigm closed the acquisition of the aerospace businesses of Franke Aquarotter GmbH and Pexco LLC. Going forward, TransDigm projects to reap private-equity like returns from these buyouts. Such acquisitions bode well for the company's long-term growth and are in line with its core operating strategies.
However, we are concerned about TransDigm's rising debt burden and higher interest expense. At the end of the third quarter, the company's long term debt stood at $8.2 billion, up from $7.2 billion at the end of Sep 2014. Further, major acquisitions like Franke Aquarotter might take some time to be properly integrated into the company's existing business and may not be immediately accretive.
Also, the company's interest expenses have been trending high for the last few quarters, totaling about $107 million in the reported quarter, up 22% year over year. TransDigm anticipates rising interest expense to continue to offset its profitability growth, going forward too.
Over the last seven days, the Zacks Consensus Estimate for 2015 and 2016 earnings per share remained stable at $8.26 and $9.23, respectively. Consequently, the stock currently has a Zacks Rank #3 (Hold).
Investors interested in the same industry may consider a better-ranked stock like Ducommun Inc. DCO with a Zacks Rank #1 (Strong Buy).
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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. | Investors interested in the same industry may consider a better-ranked stock like Ducommun Inc. DCO with a Zacks Rank #1 (Strong Buy). Click to get this free report BOEING CO (BA): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report To read this article on Zacks.com click here. PneuDraulics holds a proven record of providing best-in-class hydraulic components to a substantial part of the aerospace market including commercial transport, regional business jets and military aircraft. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the same industry may consider a better-ranked stock like Ducommun Inc. DCO with a Zacks Rank #1 (Strong Buy). Notably, TransDigm has been actively working towards strengthening and enhancing its position in highly engineered proprietary aerospace components' niche markets. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the same industry may consider a better-ranked stock like Ducommun Inc. DCO with a Zacks Rank #1 (Strong Buy). With this acquisition, TransDigm will now be able to strengthen its commercial aftermarket presence through increased offerings on several platforms of The Boeing Company BA and Airbus Group SE EADSY . | Click to get this free report BOEING CO (BA): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the same industry may consider a better-ranked stock like Ducommun Inc. DCO with a Zacks Rank #1 (Strong Buy). Also, the company's interest expenses have been trending high for the last few quarters, totaling about $107 million in the reported quarter, up 22% year over year. | a6dda7d7-909a-4c56-8ef7-7a755bacb009 |
710277.0 | 2015-07-31 00:00:00 UTC | What's in Store for Glu Mobile (GLUU) this Earnings Season? - Analyst Blog | DCO | https://www.nasdaq.com/articles/whats-store-glu-mobile-gluu-earnings-season-analyst-blog-2015-07-31 | nan | nan | What's in Store for Glu Mobile (GLUU) this Earnings Season?
Glu Mobile, Inc.GLUU , a developer of gaming applications for smartphone and tablets, is set to release second-quarter 2015 results on Aug 4. The company reported a positive earnings surprise of 100% in the last reported quarter.
The company has delivered positive earnings surprises in the trailing four quarters with an average beat of 161.61%. Let's see how things are shaping up for this announcement.
Factors to Consider
Last quarter, Glu Mobile witnessed strong growth in both top and bottom lines driven by its strong portfolio, including Kim Kardashian: Hollywood and new product launches like Dino Hunter: Deadly Shores,Tap Sports: Baseball,Deer Hunter 2014, Eternity Warriors 3, Contract Killer: Sniper and Racing Rivals. The company also signed a five-year mobile gaming partnership with popular singer and songwriter Katy Perry for developing a free-to-play mobile game that is expected to be launched in the latter half of this year.
This month, the company launched its latest game, Tap Sports Baseball 2015, which is likely to drive growth going forward. Also, the company remains well positioned to benefit from the strength in the global mobile game market.
However, growing competition from established players will make it difficult for the company to register strong growth in the near term. Further, significant investment in research and development of new games will likely be a headwind for the company, putting pressure on margins.
Earnings Whispers?
Our proven model does not conclusively show that Glu Mobile is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. That is not the case here, as you will see below.
Zacks ESP: The Earnings ESP is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 4 cents.
Zacks Rank: Glu Mobile carries a Zacks Rank #3 (Hold). Though Zacks Rank #1, 2 or 3 increases the predictive power of ESP, the company's ESP of 0.00% makes surprise prediction difficult.
We caution against stocks with Zacks Rank #4 and #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.
Stocks to Consider
Here are some companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Ducommun Inc. DCO , with an Earnings ESP of +69.23% and a Zacks Rank #1 (Strong Buy).
SunEdison Inc. SUNE , with an Earnings ESP of +8.89% and a Zacks Rank #3.
Amtech Systems Inc. ASYS , with an Earnings ESP of +8.00% and a Zacks Rank #3.
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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 Here are some companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Ducommun Inc. DCO , with an Earnings ESP of +69.23% and a Zacks Rank #1 (Strong Buy). Click to get this free report AMTEC SYSTEMS (ASYS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report SUNEDISON INC (SUNE): Free Stock Analysis Report GLU MOBILE INC (GLUU): Free Stock Analysis Report To read this article on Zacks.com click here. Glu Mobile, Inc.GLUU , a developer of gaming applications for smartphone and tablets, is set to release second-quarter 2015 results on Aug 4. | Stocks to Consider Here are some companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Ducommun Inc. DCO , with an Earnings ESP of +69.23% and a Zacks Rank #1 (Strong Buy). Click to get this free report AMTEC SYSTEMS (ASYS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report SUNEDISON INC (SUNE): Free Stock Analysis Report GLU MOBILE INC (GLUU): Free Stock Analysis Report To read this article on Zacks.com click here. This month, the company launched its latest game, Tap Sports Baseball 2015, which is likely to drive growth going forward. | Stocks to Consider Here are some companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Ducommun Inc. DCO , with an Earnings ESP of +69.23% and a Zacks Rank #1 (Strong Buy). Click to get this free report AMTEC SYSTEMS (ASYS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report SUNEDISON INC (SUNE): Free Stock Analysis Report GLU MOBILE INC (GLUU): Free Stock Analysis Report To read this article on Zacks.com click here. We caution against stocks with Zacks Rank #4 and #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum. | Stocks to Consider Here are some companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Ducommun Inc. DCO , with an Earnings ESP of +69.23% and a Zacks Rank #1 (Strong Buy). Click to get this free report AMTEC SYSTEMS (ASYS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report SUNEDISON INC (SUNE): Free Stock Analysis Report GLU MOBILE INC (GLUU): Free Stock Analysis Report To read this article on Zacks.com click here. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. | b999bace-19ba-4e1b-8431-2c5bfc2df738 |
710278.0 | 2015-07-30 00:00:00 UTC | Triumph Lags Q1 Earnings but Surpasses Revenue Estimates - Analyst Blog | DCO | https://www.nasdaq.com/articles/triumph-lags-q1-earnings-but-surpasses-revenue-estimates-analyst-blog-2015-07-30 | nan | nan | Triumph Group Inc. 's TGI adjusted earnings from continuing operations for first-quarter fiscal 2016 ended Jun 30, 2015 came in at $1.31 per share, lagging the Zacks Consensus Estimate of $1.33 by 1.5%. However, earnings increased 10.1% from $1.19 a year ago.
On a GAAP basis, the company reported earnings of $1.27 per share compared with $2.46 per share in the prior-year quarter. The difference in reported and adjusted earnings was due to an approximate $2.9 million pre-tax charge (4 cents per share) related to an amendment to the Triumph Aerostructures pension plan included in the recently ratified United Automobile Workers collective bargaining agreement.
Triumph Group Inc. - Earnings Surprise | FindTheBest
Total Revenue
In the reported quarter, net sales were $959.6 million, surpassing the Zacks Consensus Estimate of $954 million by 3.4%. The top line improved 7% year over year.
Despite the year-over-year increase, the top line was tempered by a 10% drop in organic sales, which was primarily due to production rate reductions on key Aerostructures programs.
Operational Highlights
In first-quarter fiscal 2016, the company reported operating income of $107.9 million compared with $240.5 million in the prior-year quarter.
Segment Performance
Aerostructures: Segment sales were $611.8 million, almost flat compared with $612.2 million in the year-ago quarter. Organic sales were down 14% primarily due to lower production of the C-17, 747-8, A330 and G450/G550 programs. Operating income declined 4.1% to $66 million from $68.8 million in the year-ago quarter.
Aerospace Systems: Segment sales surged 26.2% year over year to $277.6 million. Organic sales for the quarter decreased 3% mainly due to order timing on certain military programs and slower commercial rotorcraft demand. Operating income was $51.3 million, up 37.2% year over year from the prior-year level of $37.4 million.
Aftermarket Services: Segment revenues rose 10.5% to $74.7 million in the reported quarter. Organic sales for the quarter were flat compared with prior year. Operating income was $10.0 million, down 4.8% from $10.5 million in first-quarter fiscal 2015.
Financial Position
As of Jun 30, 2015, Triumph's cash balance was $39.7 million compared with $32.6 million as of Mar 31, 2015. As of Jun 30, 2015, long-term debt (excluding current portion) stood at $1,505.7 million compared with $1,326.3 million as of Mar 31, 2015.
Cash outflow from operations, after pension contributions, during the quarter was $148.5 million compared with $52.1 million in the year-ago quarter. The company spent $18.0 million as capital expenditure in the quarter compared with $23.1 million in the comparable period last year.
Guidance
For fiscal 2016, the company expects revenues in the range of $3.9 to $4.0 billion; and earnings per share, excluding the first-quarter curtailment charge, between $5.50 and $5.75 per share.
Cash available for debt reduction, acquisitions and share repurchases for fiscal 2016 is expected in the range of $125-$150 million.
Zacks Rank
Currently, Triumph carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the aerospace/defense industry include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy); and Aerojet Rocketdyne Holdings, Inc. AJRD and Kratos Defense & Security Solutions, Inc. KTOS , both holding a Zacks Rank #2 (Buy).
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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 aerospace/defense industry include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy); and Aerojet Rocketdyne Holdings, Inc. AJRD and Kratos Defense & Security Solutions, Inc. KTOS , both holding a Zacks Rank #2 (Buy). Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Triumph Group Inc. 's TGI adjusted earnings from continuing operations for first-quarter fiscal 2016 ended Jun 30, 2015 came in at $1.31 per share, lagging the Zacks Consensus Estimate of $1.33 by 1.5%. | Some better-ranked stocks in the aerospace/defense industry include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy); and Aerojet Rocketdyne Holdings, Inc. AJRD and Kratos Defense & Security Solutions, Inc. KTOS , both holding a Zacks Rank #2 (Buy). Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Operational Highlights In first-quarter fiscal 2016, the company reported operating income of $107.9 million compared with $240.5 million in the prior-year quarter. | Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the aerospace/defense industry include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy); and Aerojet Rocketdyne Holdings, Inc. AJRD and Kratos Defense & Security Solutions, Inc. KTOS , both holding a Zacks Rank #2 (Buy). Triumph Group Inc. - Earnings Surprise | FindTheBest Total Revenue In the reported quarter, net sales were $959.6 million, surpassing the Zacks Consensus Estimate of $954 million by 3.4%. | Some better-ranked stocks in the aerospace/defense industry include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy); and Aerojet Rocketdyne Holdings, Inc. AJRD and Kratos Defense & Security Solutions, Inc. KTOS , both holding a Zacks Rank #2 (Buy). Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Triumph Group Inc. 's TGI adjusted earnings from continuing operations for first-quarter fiscal 2016 ended Jun 30, 2015 came in at $1.31 per share, lagging the Zacks Consensus Estimate of $1.33 by 1.5%. | 1f07b81a-5e19-4f8b-a792-20cca691e406 |
710279.0 | 2015-07-30 00:00:00 UTC | The Zacks Analyst Blog Highlights: Lockheed Martin, Boeing, Ducommun, L-3 Communications Holdings and TransDigm Group - Press Releases | DCO | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-lockheed-martin-boeing-ducommun-l-3-communications | nan | nan | For Immediate Release
Chicago, IL - July 30, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Lockheed Martin Corp. ( LMT ), Boeing ( BA ), Ducommun Incorporated ( DCO ), L-3 Communications Holdings Inc. ( LLL ) and TransDigm Group Incorporated ( TDG ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Wednesday's Analyst Blog:
3 Defense Stocks Poised for Q2 Earnings Beats
The Q2 earnings parade has really started rolling with 22.2% of the aerospace and defense companies having released their numbers. And they've been unbeaten so far with an earnings beat ratio of 100%. The defense heavy weights − Lockheed Martin Corp. ( LMT ) and Boeing ( BA ) − have crushed the Zacks Consensus Estimate by 10.11% and 15.71%, respectively. The revenue beat ratio, at 50%, is not all that uninspiring.
As per Capital Spectator's average estimate for several econometric-based forecasts, the U.S. economy is expected to post a moderate rebound in the second quarter after Q1's 0.7% slump.
A country's ability to spend on defense is a function of its economic health. The same is true at the global level - the faster the global economy grows, the higher the defense spending. With the U.S. economy slowly picking up with a solid labor market picture, the defense companies are expected to see traction for the remainder of 2015.
A major headwind for the defense players however is the strong U.S. dollar that is having an adverse impact over and above the harm being done by budget austerities. A stronger dollar could have an adverse impact on foreign military sales. Second-quarter results from United Technology (UTX) showed a significant negative impact from China weakness and a strong dollar. Again, as the struggle in Europe continues to cloud the economic picture, a mature European defense market is indeed a challenge for the U.S. players.
Considering these headwinds, the aerospace sector's earnings are expected to decline 11.7% in the second quarter, a sharp fall from the 0.7% earnings growth registered in the preceding quarter. The sector is expected to register top-line growth of 4.1% (0.8% growth in Q1) while margins are projected to go south by 6.7% (7.6% growth in Q1).
Nevertheless, the defense industry continues to adjust its business models and cost structures to counter new challenges. The classic example in this case is Lockheed Martin's two recent strategic moves - a planned spin-off or sale of its government IT and technical services businesses and the acquisition of Sikorsky. This prime defense contractor will become an even bigger aerospace powerhouse as it scoops up Black Hawk helicopter maker Sikorsky Aircraft from United Technologies for $9 billion in cash.
Hence, the slowdown is likely to be short-lived given the enormous tailwind from a sharp plunge in energy costs encouraging Americans to spend. An improved job market also raises optimism. This positive economic picture will have an influence on budget allocations.
Budget Snapshot
Coming to budgetary issues, although Senate Democrats and Republicans are battling over how to tackle the so-called "sequestration" spending caps, the wind is definitely in favor of boosts to the defense budget, as the Pentagon has hitherto been mostly strained, monetarily and otherwise, with the threat to homeland security the top concern .
President Obama's fiscal 2016 budget proposal, unveiled on Feb 2, 2015, called for $534.3 billion to be allocated for the Department of Defense's base budget and $50.9 billion in war funds, a total of $585.3 billion. The base budget proposal is about $38 billion more than what sequestration would allow and over the FY2015 enacted budget of $496.1 billion.
In contrast, the Republican-controlled Senate approved its version on Mar 2015 of the GOP fiscal 2016 budget. The budget keeps military spending at $523 billion, the level set by the caps. It also allots about $90 billion for Pentagon's separate war fund, the overseas contingency operations ("OCO") fund. It is worth noting that OCO is not subject to the automatic budget caps imposed by sequestration.
If we were to list the positives for the sector, Middle East tensions, a recovering U.S. economy accompanied with the buzz about higher budget allocations may well have worked in its favor despite the nagging sequestration worries. It is evident that the defense sector is playing well, combating budget austerity with multiple ploys that also include diversification into the commercial aerospace industry. In the end, they're growing profitably.
The case for investing in defense stocks looks good in the light of the above arguments. So, it is a profitable strategy to zero in on a handful of defense names that are poised to beat earnings estimates this quarter. An earnings beat should help these stocks gain investor confidence, paving the way for strong price appreciation.
How to Pick?
Picking the right stock for your portfolio could appear to be a daunting task given the wide range of companies in the aerospace and defense space. One way to confine the list of choices during this earnings season is by looking at stocks that have a solid Zacks Rank accompanied by a favorable Earnings ESP . The combination of a favorable Zacks Rank - Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) - and a positive Earnings ESP is usually an indication of an earnings beat.
Earnings ESP is our proprietary methodology for determining which stocks have the best chance to pull a surprise in their next earnings announcement. It shows the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate.
Our research shows that for stocks with this combination, the chance of a positive earnings surprise is as high as 70%.
For investors seeking to apply this strategy to their portfolio, we have highlighted three defense stocks that may stand out this season.
Ducommun Incorporated ( DCO )
Ducommun manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. It has been winning orders for additional work on Boeing 737 MAX as well as for new G500 and G600 business jets from Gulfstream Aerospace Corp., a wholly owned subsidiary of General Dynamics.
For the upcoming release, Ducommun has an earnings ESP of +69.23% and a Zacks Rank #1. The company is set to report second-quarter results on Aug 5 after the closing bell. It has a long-term earnings growth expectation of 7%.
L-3 Communications Holdings Inc. ( LLL )
L-3 Communications is focused on providing value through innovative and affordable solutions that continue to reshape its portfolio. Recently, it wrapped up the sale of its Marine Systems International or MSI business to Wartsila Corporation. The sale of MSI is in line with its focus on core businesses which will help improve margins on a consolidated basis. To that end, L-3 Communications acquired UK-based CTC Aviation Group to enhance its commercial aviation training operations and strengthen its international presence.
This defense Zacks Ranked #2 company has a long-term earnings growth expectation of 7.70%. The company has a P/E (F1) of 15.92 along with an earnings ESP of +1.74%. The company is expected to report its second-quarter 2015 results before the opening bell on Jul 30.
TransDigm Group Incorporated ( TDG )
TransDigm designs, produces and supplies highly engineered proprietary aerospace components and certain systems/subsystems with a significant aftermarket presence. The company's products cater to both commercial and defense markets, which account for 70% and 30% of total revenues, respectively. A diversified revenue base reduces the company's dependence on any particular market channel and helps in maintaining its financial performance.
TransDigm has a Zacks Rank #3 along with an earnings ESP +0.46%. The company is expected to report its third-quarter fiscal 2015 results on Aug 4. The company has a long-term earnings growth expectation of 14.16%.
Bottom Line
U.S. defense spending had peaked in 2010 only to wane in the succeeding years due to budget austerity. However, considering cost-cutting measures, stock buybacks, earnings gains from overseas businesses, along with a recovering economy and falling oil prices , the important thing is to choose the right defense stocks before they release their earnings numbers. An earnings beat would inevitably lead to rising estimates and share gains.
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LOCKHEED MARTIN (LMT): Free Stock Analysis Report
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DUCOMMUN INC DE (DCO): Free Stock Analysis Report
L-3 COMM HLDGS (LLL): Free Stock Analysis Report
TRANSDIGM GROUP (TDG): 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. | Stocks recently featured in the blog include the Lockheed Martin Corp. ( LMT ), Boeing ( BA ), Ducommun Incorporated ( DCO ), L-3 Communications Holdings Inc. ( LLL ) and TransDigm Group Incorporated ( TDG ). Ducommun Incorporated ( DCO ) Ducommun manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report BOEING CO (BA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks recently featured in the blog include the Lockheed Martin Corp. ( LMT ), Boeing ( BA ), Ducommun Incorporated ( DCO ), L-3 Communications Holdings Inc. ( LLL ) and TransDigm Group Incorporated ( TDG ). Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report BOEING CO (BA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Incorporated ( DCO ) Ducommun manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. | Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report BOEING CO (BA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include the Lockheed Martin Corp. ( LMT ), Boeing ( BA ), Ducommun Incorporated ( DCO ), L-3 Communications Holdings Inc. ( LLL ) and TransDigm Group Incorporated ( TDG ). Ducommun Incorporated ( DCO ) Ducommun manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. | Stocks recently featured in the blog include the Lockheed Martin Corp. ( LMT ), Boeing ( BA ), Ducommun Incorporated ( DCO ), L-3 Communications Holdings Inc. ( LLL ) and TransDigm Group Incorporated ( TDG ). Ducommun Incorporated ( DCO ) Ducommun manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report BOEING CO (BA): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report To read this article on Zacks.com click here. | 998c210b-713a-4d67-bce3-15907baf5284 |
710280.0 | 2015-07-29 00:00:00 UTC | 3 Defense Stocks Poised for Q2 Earnings Beat - Earnings ESP | DCO | https://www.nasdaq.com/articles/3-defense-stocks-poised-for-q2-earnings-beat-earnings-esp-2015-07-29 | nan | nan | The Q2 earnings parade has really started rolling with 22.2% of the aerospace and defense companies having released their numbers. And they've been unbeaten so far with an earnings beat ratio of 100%. The defense heavy weights − Lockheed Martin Corp. (LMT) and Boeing (BA) − have crushed the Zacks Consensus Estimate by 10.11% and 15.71%, respectively. The revenue beat ratio, at 50%, is not all that uninspiring.
As per Capital Spectator's average estimate for several econometric-based forecasts, the U.S. economy is expected to post a moderate rebound in the second quarter after Q1's 0.7% slump.
A country's ability to spend on defense is a function of its economic health. The same is true at the global level - the faster the global economy grows, the higher the defense spending. With the U.S. economy slowly picking up with a solid labor market picture, the defense companies are expected to see traction for the remainder of 2015.
A major headwind for the defense players however is the strong U.S. dollar that is having an adverse impact over and above the harm being done by budget austerities. A stronger dollar could have an adverse impact on foreign military sales. Second-quarter results from United Technology (UTX) showed a significant negative impact from China weakness and a strong dollar. Again, as the struggle in Europe continues to cloud the economic picture, a mature European defense market is indeed a challenge for the U.S. players.
Considering these headwinds, the aerospace sector's earnings are expected to decline 11.7% in the second quarter, a sharp fall from the 0.7% earnings growth registered in the preceding quarter. The sector is expected to register top-line growth of 4.1% (0.8% growth in Q1) while margins are projected to go south by 6.7% (7.6% growth in Q1).
Nevertheless, the defense industry continues to adjust its business models and cost structures to counter new challenges. The classic example in this case is Lockheed Martin's two recent strategic moves - a planned spin-off or sale of its government IT and technical services businesses and the acquisition of Sikorsky. This prime defense contractor will become an even bigger aerospace powerhouse as it scoops up Black Hawk helicopter maker Sikorsky Aircraft from United Technologies for $9 billion in cash.
Hence, the slowdown is likely to be short-lived given the enormous tailwind from a sharp plunge in energy costs encouraging Americans to spend. An improved job market also raises optimism. This positive economic picture will have an influence on budget allocations.
Budget Snapshot
Coming to budgetary issues, although Senate Democrats and Republicans are battling over how to tackle the so-called "sequestration" spending caps, the wind is definitely in favor of boosts to the defense budget, as the Pentagon has hitherto been mostly strained, monetarily and otherwise, with the threat to homeland security the top concern .
President Obama's fiscal 2016 budget proposal, unveiled on Feb 2, 2015, called for $534.3 billion to be allocated for the Department of Defense's base budget and $50.9 billion in war funds, a total of $585.3 billion. The base budget proposal is about $38 billion more than what sequestration would allow and over the FY2015 enacted budget of $496.1 billion.
In contrast, the Republican-controlled Senate approved its version on Mar 2015 of the GOP fiscal 2016 budget. The budget keeps military spending at $523 billion, the level set by the caps. It also allots about $90 billion for Pentagon's separate war fund, the overseas contingency operations ("OCO") fund. It is worth noting that OCO is not subject to the automatic budget caps imposed by sequestration.
If we were to list the positives for the sector, Middle East tensions, a recovering U.S. economy accompanied with the buzz about higher budget allocations may well have worked in its favor despite the nagging sequestration worries. It is evident that the defense sector is playing well, combating budget austerity with multiple ploys that also include diversification into the commercial aerospace industry. In the end, they're growing profitably.
The case for investing in defense stocks looks good in the light of the above arguments. So, it is a profitable strategy to zero in on a handful of defense names that are poised to beat earnings estimates this quarter. An earnings beat should help these stocks gain investor confidence, paving the way for strong price appreciation.
How to Pick?
Picking the right stock for your portfolio could appear to be a daunting task given the wide range of companies in the aerospace and defense space. One way to confine the list of choices during this earnings season is by looking at stocks that have a solid Zacks Rank accompanied by a favorable Earnings ESP . The combination of a favorable Zacks Rank - Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) - and a positive Earnings ESP is usually an indication of an earnings beat.
Earnings ESP is our proprietary methodology for determining which stocks have the best chance to pull a surprise in their next earnings announcement. It shows the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate.
Our research shows that for stocks with this combination, the chance of a positive earnings surprise is as high as 70%.
For investors seeking to apply this strategy to their portfolio, we have highlighted three defense stocks that may stand out this season.
Ducommun Incorporated ( DCO )
Ducommun manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. It has been winning orders for additional work on Boeing 737 MAX as well as for new G500 and G600 business jets from Gulfstream Aerospace Corp., a wholly owned subsidiary of General Dynamics ( GD ).
For the upcoming release, Ducommun has an earnings ESP of +69.23% and a Zacks Rank #1. The company is set to report second-quarter results on Aug 5 after the closing bell. It has a long-term earnings growth expectation of 7%.
L-3 Communications Holdings Inc. ( LLL )
L-3 Communications is focused on providing value through innovative and affordable solutions that continue to reshape its portfolio. Recently, it wrapped up the sale of its Marine Systems International or MSI business to Wartsila Corporation. The sale of MSI is in line with its focus on core businesses which will help improve margins on a consolidated basis. To that end, L-3 Communications acquired UK-based CTC Aviation Group to enhance its commercial aviation training operations and strengthen its international presence.
This defense Zacks Ranked #2 company has a long-term earnings growth expectation of 7.70%. The company has a P/E (F1) of 15.92 along with an earnings ESP of +1.74%. The company is expected to report its second-quarter 2015 results before the opening bell on Jul 30.
TransDigm Group Incorporated ( TDG )
TransDigm designs, produces and supplies highly engineered proprietary aerospace components and certain systems/subsystems with a significant aftermarket presence. The company's products cater to both commercial and defense markets, which account for 70% and 30% of total revenues, respectively. A diversified revenue base reduces the company's dependence on any particular market channel and helps in maintaining its financial performance.
TransDigm has a Zacks Rank #3 along with an earnings ESP +0.46%. The company is expected to report its third-quarter fiscal 2015 results on Aug 4. The company has a long-term earnings growth expectation of 14.16%.
Bottom Line
U.S. defense spending had peaked in 2010 only to wane in the succeeding years due to budget austerity. However, considering cost-cutting measures, stock buybacks, earnings gains from overseas businesses, along with a recovering economy and falling oil prices , the important thing is to choose the right defense stocks before they release their earnings numbers. An earnings beat would inevitably lead to rising estimates and share gains.
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
DUCOMMUN INC DE (DCO): Free Stock Analysis Report
L-3 COMM HLDGS (LLL): Free Stock Analysis Report
TRANSDIGM GROUP (TDG): Free Stock Analysis Report
GENL DYNAMICS (GD): 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. | Ducommun Incorporated ( DCO ) Ducommun manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report To read this article on Zacks.com click here. This prime defense contractor will become an even bigger aerospace powerhouse as it scoops up Black Hawk helicopter maker Sikorsky Aircraft from United Technologies for $9 billion in cash. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Incorporated ( DCO ) Ducommun manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. The combination of a favorable Zacks Rank - Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) - and a positive Earnings ESP is usually an indication of an earnings beat. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Incorporated ( DCO ) Ducommun manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. The combination of a favorable Zacks Rank - Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) - and a positive Earnings ESP is usually an indication of an earnings beat. | Ducommun Incorporated ( DCO ) Ducommun manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report To read this article on Zacks.com click here. The base budget proposal is about $38 billion more than what sequestration would allow and over the FY2015 enacted budget of $496.1 billion. | 5148b6bb-6839-43b2-b836-d9f64ececb56 |
710281.0 | 2015-07-29 00:00:00 UTC | TransDigm Eyes Aftermarket Growth with PneuDraulics Buy - Analyst Blog | DCO | https://www.nasdaq.com/articles/transdigm-eyes-aftermarket-growth-with-pneudraulics-buy-analyst-blog-2015-07-29 | nan | nan | Leading designer, producer and supplier of aircraft components TransDigm Group IncTDG recently inked an agreement to acquire PneuDraulics Inc., a manufacturer and supplier of precision hydraulic components. Valued at roughly $325 million, the transaction will likely be funded with the company's existing cash balance.
This acquisition will provide TransDigm group with a total tax benefit of $107 million for a span of 15 years. Subject to satisfaction of regulatory approvals and necessary closing conditions, the deal is expected to close by the end of fiscal-year 2015.
PneuDraulics holds a proven record of providing best-in-class hydraulic components to a substantial part of the aerospace market including commercial transport, regional business jets and military aircraft. The company's solid foothold in multiple, high-use platforms, coupled with its strong position in aftermarket content, makes it a perfect pick for TransDigm.
With this acquisition, TransDigm will be able to strengthen its commercial aftermarket presence through increased offerings on Boeing platform, including 787 and Airbus A350.
For some time, Transdigm has been eyeing proprietary aerospace businesses with strong aftermarket scope, as 90% of its net sales are generated by proprietary engineered products. Since PneuDraulics' entire revenue is proprietary and aftermarket sales accounted for 35% of it, this acquisition will likely augment Transdigm's top line, going forward.
As a matter of fact, TransDigm concluded the previously disclosed acquisition of Pexco Aerospace, the aerospace business of Pexco LLC, on May 14, 2015. Moreover, following second-quarter fiscal 2015, the company closed the acquisition of Franke Aquarotter GmbH's aerospace business. On Mar 26, it also completed the buyout of Telair, which boasts strong aftermarket trade.
The latest acquisition of PneuDraulics mirrors the company's prudent strategy of bolstering its foothold in the niche markets of highly engineered proprietary aerospace components. We believe such deals, being in sync with the company's core operating strategies, bode well for the long term.
TransDigm currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry are Aerojet Rocketdyne Holdings, Inc. AJRD , Ducommun Inc. DCO and Kratos Defense & Security Solutions, Inc. KTOS . All three stocks hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TRANSDIGM GROUP (TDG): Free Stock Analysis Report
DUCOMMUN INC DE (DCO): Free Stock Analysis Report
KRATOS DEFENSE (KTOS): Free Stock Analysis Report
AEROJET ROCKETD (AJRD): 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 industry are Aerojet Rocketdyne Holdings, Inc. AJRD , Ducommun Inc. DCO and Kratos Defense & Security Solutions, Inc. KTOS . Click to get this free report TRANSDIGM GROUP (TDG): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. PneuDraulics holds a proven record of providing best-in-class hydraulic components to a substantial part of the aerospace market including commercial transport, regional business jets and military aircraft. | Some better-ranked stocks in the industry are Aerojet Rocketdyne Holdings, Inc. AJRD , Ducommun Inc. DCO and Kratos Defense & Security Solutions, Inc. KTOS . Click to get this free report TRANSDIGM GROUP (TDG): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report AEROJET ROCKETD (AJRD): 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 TRANSDIGM GROUP (TDG): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the industry are Aerojet Rocketdyne Holdings, Inc. AJRD , Ducommun Inc. DCO and Kratos Defense & Security Solutions, Inc. KTOS . For some time, Transdigm has been eyeing proprietary aerospace businesses with strong aftermarket scope, as 90% of its net sales are generated by proprietary engineered products. | Some better-ranked stocks in the industry are Aerojet Rocketdyne Holdings, Inc. AJRD , Ducommun Inc. DCO and Kratos Defense & Security Solutions, Inc. KTOS . Click to get this free report TRANSDIGM GROUP (TDG): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report AEROJET ROCKETD (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. The latest acquisition of PneuDraulics mirrors the company's prudent strategy of bolstering its foothold in the niche markets of highly engineered proprietary aerospace components. | a32520ca-34a9-46cb-bf2d-4a857c4e1a10 |
710282.0 | 2015-07-29 00:00:00 UTC | Monster Worldwide (MWW) Q2 Earnings: What to Expect? - Analyst Blog | DCO | https://www.nasdaq.com/articles/monster-worldwide-mww-q2-earnings%3A-what-to-expect-analyst-blog-2015-07-29 | nan | nan | Monster Worldwide, Inc.MWW is set to report second-quarter 2015 results on Jul 30. Last quarter, the company delivered in line earnings. The company delivered positive earnings surprise in only one of the last four quarters, thereby resulting in an average negative earnings surprise of 158.33%. Let's see how things are shaping up for this announcement.
Factors to Consider
Monster had reported soft results last quarter with earnings meeting expectations but revenues lagging the same.
Monster's re-branding process is expected to boost its overall growth over the long term. The company has already outlined a strategy to completely refurbish its platform and business model to enhance the experience of recruiters, employers and job seekers. Monster continues to diversify its customer base. It targets the enterprise market or those businesses that are among the top 1,500 organizations operating on a global basis.
However, the macroeconomic outlook remains uncertain, causing employers to become conservative and thereby restrict their hiring budget. Further, competition has intensified over the last few years in the online employment market, which, in our view, has resulted in Monster losing some market share to companies such as Naukri (Info Edge) and Hewitt Associates, among others. The barriers to entry in the Internet businesses are relatively low. Many recruiters are using alternative social media sites, such as LinkedIn LNKD and Facebook FB , which has further dented Monster's profitability.
For second-quarter 2015, the company expects non-GAAP earnings per share from continuing operations in the range of 7 to 11 cents, excluding $4 to $5 million of stock-based compensation, $1.2 million of non-cash debt discount amortization related to the convertible debt and restructuring charges related to its Reallocate to Accelerate program.
Earnings Whispers
Our proven model does not conclusively show that Monster is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. That is not the case here as you will see below.
Zacks ESP: Both the Most Accurate estimate and the Zacks Consensus Estimate stand at 6 cents. Hence, the difference is 0.00%.
Zacks Rank: Monster's Zacks Rank #3 (Hold) when combined with a 0.00% ESP makes surprise prediction difficult.
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 a negative estimate revisions momentum.
Stock to Consider
Here is a stock that you may consider as our model shows it has the right combination of elements to post an earnings beat this quarter:
Ducommun Inc. DCO , with an Earnings ESP of + 69.23% and a Zacks Rank #1 (Strong Buy).
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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. | Stock to Consider Here is a stock that you may consider as our model shows it has the right combination of elements to post an earnings beat this quarter: Ducommun Inc. DCO , with an Earnings ESP of + 69.23% and a Zacks Rank #1 (Strong Buy). Click to get this free report MONSTER WWD INC (MWW): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report LINKEDIN CORP-A (LNKD): Free Stock Analysis Report To read this article on Zacks.com click here. The company has already outlined a strategy to completely refurbish its platform and business model to enhance the experience of recruiters, employers and job seekers. | Stock to Consider Here is a stock that you may consider as our model shows it has the right combination of elements to post an earnings beat this quarter: Ducommun Inc. DCO , with an Earnings ESP of + 69.23% and a Zacks Rank #1 (Strong Buy). Click to get this free report MONSTER WWD INC (MWW): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report LINKEDIN CORP-A (LNKD): 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. | Stock to Consider Here is a stock that you may consider as our model shows it has the right combination of elements to post an earnings beat this quarter: Ducommun Inc. DCO , with an Earnings ESP of + 69.23% and a Zacks Rank #1 (Strong Buy). Click to get this free report MONSTER WWD INC (MWW): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report LINKEDIN CORP-A (LNKD): Free Stock Analysis Report To read this article on Zacks.com click here. 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 a negative estimate revisions momentum. | Stock to Consider Here is a stock that you may consider as our model shows it has the right combination of elements to post an earnings beat this quarter: Ducommun Inc. DCO , with an Earnings ESP of + 69.23% and a Zacks Rank #1 (Strong Buy). Click to get this free report MONSTER WWD INC (MWW): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report LINKEDIN CORP-A (LNKD): Free Stock Analysis Report To read this article on Zacks.com click here. Factors to Consider Monster had reported soft results last quarter with earnings meeting expectations but revenues lagging the same. | 4a5acce9-5777-4b2e-97da-bf74b5b2bca6 |
710283.0 | 2015-07-27 00:00:00 UTC | Will Spirit AeroSystems (SPR) Keep its Earnings Streak Alive? - Analyst Blog | DCO | https://www.nasdaq.com/articles/will-spirit-aerosystems-spr-keep-its-earnings-streak-alive-analyst-blog-2015-07-27 | nan | nan | Spirit AeroSystems Holdings, Inc. SPR is set to release its second-quarter 2015 results before the opening bell on Jul 29, 2015. In the preceding quarter, Spirit AeroSystems delivered a positive earnings surprise of 8.70%. Also, the company has delivered positive earnings surprises in all of the last four quarter with an average beat of 20.93%. Let's see how things are shaping up prior to this announcement.
Why a Likely Positive Surprise?
Our proven model shows that Spirit AeroSystems is likely to beat earnings this season because it has the right combination of two key ingredients. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates, and Spirit AeroSystems has the right mix.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, stands at +2.06%. This is because the Most Accurate estimate is at 99 cents while the Zacks Consensus Estimate is lower at 97 cents. This is a meaningful indicator of a likely positive earnings surprise.
Zacks Rank: Spirit AeroSystems currently carries a Zacks Rank #3. The company's Zacks Rank #3 and positive ESP make us reasonably confident of an earnings beat.
Note that stocks with a Zacks Rank #1, 2 or 3 have a significantly higher chance of beating earnings. Conversely, Sell-rated stocks (#4 and 5) should never be considered going into an earnings announcement.
What is Driving the Better-than-Expected Earnings?
On its first quarterearnings call the company revealed that it has made meaningful progress on Airbus Group's A350 program. To date, the company has delivered 33 ship sets under this program.
Spirit AeroSystems is also associated with Boeing's BA 737 commercial airline program. 737 is currently the best-selling single-aisle airplane with demand increasing each passing day. Hence, Boeing's decision to ramp up the 737 Next Generation production rate in response to strong market demand will prove beneficial for Spirit AeroSystems as well.
Spirit AeroSystems Holdings has implemented cost-saving initiatives and is still working to lower costs by reducing overhead expenses. In addition, the company has improved productivity in its ongoing projects which will lend support.
Other Stocks to Consider
Here are two other stocks in the aerospace and defense industry you may want to consider as our model shows that these stocks have the right combination of elements to post an earnings beat this season:
Ducommun Inc. DCO has an Earnings ESP of +69.23% and a Zacks Rank #1.
TransDigm Group Incorporated TDG has an Earnings ESP of +0.46% and a Zacks Rank #3.
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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 Here are two other stocks in the aerospace and defense industry you may want to consider as our model shows that these stocks have the right combination of elements to post an earnings beat this season: Ducommun Inc. DCO has an Earnings ESP of +69.23% and a Zacks Rank #1. Click to get this free report BOEING CO (BA): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Spirit AeroSystems Holdings, Inc. SPR is set to release its second-quarter 2015 results before the opening bell on Jul 29, 2015. | Click to get this free report BOEING CO (BA): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Here are two other stocks in the aerospace and defense industry you may want to consider as our model shows that these stocks have the right combination of elements to post an earnings beat this season: Ducommun Inc. DCO has an Earnings ESP of +69.23% and a Zacks Rank #1. In the preceding quarter, Spirit AeroSystems delivered a positive earnings surprise of 8.70%. | Other Stocks to Consider Here are two other stocks in the aerospace and defense industry you may want to consider as our model shows that these stocks have the right combination of elements to post an earnings beat this season: Ducommun Inc. DCO has an Earnings ESP of +69.23% and a Zacks Rank #1. Click to get this free report BOEING CO (BA): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates, and Spirit AeroSystems has the right mix. | Other Stocks to Consider Here are two other stocks in the aerospace and defense industry you may want to consider as our model shows that these stocks have the right combination of elements to post an earnings beat this season: Ducommun Inc. DCO has an Earnings ESP of +69.23% and a Zacks Rank #1. Click to get this free report BOEING CO (BA): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates, and Spirit AeroSystems has the right mix. | 0818ba3f-9578-4cfd-8f2e-eea4aac1b576 |
710284.0 | 2015-07-23 00:00:00 UTC | B/E Aerospace (BEAV) in Focus: Stock Plunges 12.4% - Tale of the Tape | DCO | https://www.nasdaq.com/articles/b-e-aerospace-beav-in-focus%3A-stock-plunges-12.4-tale-of-the-tape-2015-07-23 | nan | nan | B/E Aerospace Inc. ( BEAV ) saw a big move in the last trading session, as the company's shares fell by over 12% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for BEAV, as the stock is now down nearly 18% in the past one-month time frame.
On Jul 22, the company announced reported disappointing second-quarter results, hurt by relatively weaker sales to Russian customers. B/E Aerospace reported earnings of 75 cents per share, trailing the Zacks Consensus Estimate by a penny.
The company, which designs, manufactures, sells, and services cabin interior products for commercial aircraft and business jets, has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. However, the consensus for earnings estimate has moved higher over the past month. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
BEAV currently holds a Zacks Rank #4 (Sell).
Investors interested in the Aerospace/Defense Equipment industry may consider a better-ranked stock like Ducommun Inc. ( DCO ), carrying a Zacks Rank #1 (Strong Buy).
Is BEAV going up? Or down? Predict to see what others think: Up or Down
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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. | Investors interested in the Aerospace/Defense Equipment industry may consider a better-ranked stock like Ducommun Inc. ( DCO ), carrying a Zacks Rank #1 (Strong Buy). Click to get this free report B/E AEROSPACE (BEAV): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. B/E Aerospace Inc. ( BEAV ) saw a big move in the last trading session, as the company's shares fell by over 12% on the day. | Click to get this free report B/E AEROSPACE (BEAV): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the Aerospace/Defense Equipment industry may consider a better-ranked stock like Ducommun Inc. ( DCO ), carrying a Zacks Rank #1 (Strong Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research? | Click to get this free report B/E AEROSPACE (BEAV): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the Aerospace/Defense Equipment industry may consider a better-ranked stock like Ducommun Inc. ( DCO ), carrying a Zacks Rank #1 (Strong Buy). B/E Aerospace reported earnings of 75 cents per share, trailing the Zacks Consensus Estimate by a penny. | Investors interested in the Aerospace/Defense Equipment industry may consider a better-ranked stock like Ducommun Inc. ( DCO ), carrying a Zacks Rank #1 (Strong Buy). Click to get this free report B/E AEROSPACE (BEAV): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. B/E Aerospace Inc. ( BEAV ) saw a big move in the last trading session, as the company's shares fell by over 12% on the day. | 90f0e39f-3390-423a-b64f-4cf49dfda52c |
710285.0 | 2015-07-23 00:00:00 UTC | Orbital ATK Extends Contract with Airbus on A350 Program - Analyst Blog | DCO | https://www.nasdaq.com/articles/orbital-atk-extends-contract-with-airbus-on-a350-program-analyst-blog-2015-07-23 | nan | nan | Premier aerospace and defense company, Orbital ATK, Inc.OA has entered into an agreement with Airbus Group SE EADSY to modify its current contract on the A350 program. The new agreement will expand the existing contract to include the manufacture of composite stringers and frames for the 1000 variant of the A350 aircraft.
Presently, the A350 program contract work includes production of composite stringers and frames for the A350-900 aircraft. Since the commencement of the program, Orbital ATK has delivered more than 44,000 parts.
Orbital ATK's Aerospace Structures division of the Flight Systems Group is executing the A350 program at its state-of-the art Aircraft Commercial Center of Excellence facility in Clearfield, UT.
The company expects this contract to unfurl job opportunities in Utah as additional professional and manufacturing employees will be required.
Apart from having a presence in the commercial aerospace market, the company provides assistance to the Pentagon, U.S. law enforcement agencies and foreign governments. Given the defense budget cuts and political uncertainty, orders from the commercial business ensure regular returns for the company.
Recently, Orbital ATK received a contract from the U.S. Air Force's Operationally Responsive Space ("ORS") Office to launch the ORS-5 SensorSat spacecraft in mid-2017. Orbital ATK will use a rocket from its Minotaur Launch Vehicle Family. The contract is valued at $23.6 million (read: Orbital ATK Seals $23.6M Contract to Launch ORS-5 Mission ).
Zacks Rank
Orbital ATK currently has a Zacks Rank #4 (Sell). Some better-ranked stocks in the aerospace and defense space include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy) and HEICO Corporation HEI , carrying a Zacks Rank #2 (Buy).
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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 aerospace and defense space include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy) and HEICO Corporation HEI , carrying a Zacks Rank #2 (Buy). Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report ORBITAL ATK INC (OA): Free Stock Analysis Report To read this article on Zacks.com click here. Premier aerospace and defense company, Orbital ATK, Inc.OA has entered into an agreement with Airbus Group SE EADSY to modify its current contract on the A350 program. | Some better-ranked stocks in the aerospace and defense space include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy) and HEICO Corporation HEI , carrying a Zacks Rank #2 (Buy). Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report ORBITAL ATK INC (OA): 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. | Some better-ranked stocks in the aerospace and defense space include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy) and HEICO Corporation HEI , carrying a Zacks Rank #2 (Buy). Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report ORBITAL ATK INC (OA): Free Stock Analysis Report To read this article on Zacks.com click here. Premier aerospace and defense company, Orbital ATK, Inc.OA has entered into an agreement with Airbus Group SE EADSY to modify its current contract on the A350 program. | Some better-ranked stocks in the aerospace and defense space include Ducommun Inc. DCO , sporting a Zacks Rank #1 (Strong Buy) and HEICO Corporation HEI , carrying a Zacks Rank #2 (Buy). Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report AIRBUS GROUP NV (EADSY): Free Stock Analysis Report ORBITAL ATK INC (OA): Free Stock Analysis Report To read this article on Zacks.com click here. The contract is valued at $23.6 million (read: Orbital ATK Seals $23.6M Contract to Launch ORS-5 Mission ). | 5c4622b3-43e5-4c53-83da-c6cd1b5af7b9 |
710286.0 | 2015-07-17 00:00:00 UTC | AAR Corp. (AIR) Projects Strong MRO Business; Time to Buy? - Analyst Blog | DCO | https://www.nasdaq.com/articles/aar-corp.-air-projects-strong-mro-business-time-to-buy-analyst-blog-2015-07-17 | nan | nan | We updated our research report on AAR Corp.AIR on Jul 16, 2015. The company is currently working to transform itself and focus more on its industry-leading services businesses and sell its large manufacturing operations. AAR Corp operates in a highly competitive space and is subject to stringent government regulations.
The company reported mixed fourth-quarter fiscal 2015 results recently with its top line beating the Zacks Consensus Estimate while the bottom line ending in the red and disappointing estimates. Revenues were down 1.1% year over year primary due to lower contribution from its Expeditionary Services segment.
Wood Dale, IL-based AAR Corp. is the largest independent maintenance, repair and overhaul ("MRO") services provider in North America. The company expects its supply chain and MRO businesses to be driven by its strong position in the thriving global aviation services market.
This Zacks Rank #3 (Hold) company expects to see favorable order trends from commercial customers and government for comprehensive supply chain and maintenance programs, as these customers continue to seek ways to reduce their operating cost structure. Last month, the company entered into a joint venture with South African Airways Technical, the maintenance unit of South African Airways, in order to reduce costs and enhance the fleet's operational efficiencies.
As part of the company's transformation process, AAR Corp. sold its Telair Cargo Group partially utilizing the proceeds to lower its debts and buy back shares.
On the downside, AAR Corp. operates in a highly competitive space consisting of both big and small industry players. Moreover, the company is subject to government regulations and may need to incur significant expenses to comply with new or more stringent laws.
Stocks to Consider
Some better-ranked stocks in the aerospace and defense space are Triumph Group, Inc. TGI , Ducommun Inc. DCO and HEICO Corporation HEI . All three stocks currently carry a Zacks Rank #2 (Buy).
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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 aerospace and defense space are Triumph Group, Inc. TGI , Ducommun Inc. DCO and HEICO Corporation HEI . Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report AAR CORP (AIR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report To read this article on Zacks.com click here. Wood Dale, IL-based AAR Corp. is the largest independent maintenance, repair and overhaul ("MRO") services provider in North America. | Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report AAR CORP (AIR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the aerospace and defense space are Triumph Group, Inc. TGI , Ducommun Inc. DCO and HEICO Corporation HEI . AAR Corp operates in a highly competitive space and is subject to stringent government regulations. | Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report AAR CORP (AIR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the aerospace and defense space are Triumph Group, Inc. TGI , Ducommun Inc. DCO and HEICO Corporation HEI . This Zacks Rank #3 (Hold) company expects to see favorable order trends from commercial customers and government for comprehensive supply chain and maintenance programs, as these customers continue to seek ways to reduce their operating cost structure. | Stocks to Consider Some better-ranked stocks in the aerospace and defense space are Triumph Group, Inc. TGI , Ducommun Inc. DCO and HEICO Corporation HEI . Click to get this free report TRIUMPH GRP INC (TGI): Free Stock Analysis Report AAR CORP (AIR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report To read this article on Zacks.com click here. AAR Corp operates in a highly competitive space and is subject to stringent government regulations. | 9ab40fab-f3f2-41d0-b835-c46ed8a26ea9 |
710287.0 | 2015-07-15 00:00:00 UTC | Orbital ATK Seals $23.6M Contract to Launch ORS-5 Mission - Analyst Blog | DCO | https://www.nasdaq.com/articles/orbital-atk-seals-%2423.6m-contract-to-launch-ors-5-mission-analyst-blog-2015-07-15 | nan | nan | Dulles, VA-based Orbital ATK, Inc.OA announced that it has received a contract from the U.S. Air Force's Operationally Responsive Space ("ORS") Office to launch the ORS-5 SensorSat spacecraft in mid-2017. Orbital ATK will use a rocket from its MinotaurLaunch Vehicle Family. The contract is valued at $23.6 million.
Orbital ATK will use a Minotaur IV rocket for the ORS-5 mission, which will be launched from Launch Complex-46 operated by Space Florida at Cape Canaveral Air Force Station. The launch from Cape Canaveral will now increase the list of Minotaur launch sites to four. This is going to be the Minotaur vehicle's first flight from this range.
Orbital ATK's Minotaur launch vehicles have the flexibility and multiple vehicle configurations that help to meet specific mission requirements. It is at the same time reasonably priced.
The Minotaur IV uses retired Intercontinental Ballistic Missile (ICBM) Peacekeeper boosters for the first three stages and Orbital ATK Orion 38 solid rocket motors for the upper stages. A team from both Orbital and ATK heritage companies will integrate the final launch vehicle.
Management believes that it is a perfect example of the synergies achieved by the merger of Orbital Sciences and the Aerospace and Defense groups of Alliant Techsystems. Deploying one launch team with expertise in critical propulsion and avionics subsystems and full systems engineering understanding was only made possible by the merger.
The award was won as a competitive commercial launch contract for OSR Office and will be licensed by the Federal Aviation Administration.
Last week Orbital ATK clinched a $98 million contract from Lockheed Martin Corporation LMT to provide the launch abort motor for the Orion human spaceflight capsule's Launch Abort System. The Orion spacecraft will launch aboard NASA's Space Launch System enabling humans to explore new deep space destinations (read: Orbital ATK Gets Launch Abort Motor Contract from Lockheed ).
Zacks Rank
Orbital ATK currently has a Zacks Rank #4 (Sell). Some better-ranked stocks in the aerospace and defense space include Ducommun Inc. DCO and HEICO Corporation HEI . Both stocks currently carry a Zacks Rank #2 (Buy).
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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 aerospace and defense space include Ducommun Inc. DCO and HEICO Corporation HEI . Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report ORBITAL ATK INC (OA): Free Stock Analysis Report To read this article on Zacks.com click here. Dulles, VA-based Orbital ATK, Inc.OA announced that it has received a contract from the U.S. Air Force's Operationally Responsive Space ("ORS") Office to launch the ORS-5 SensorSat spacecraft in mid-2017. | Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report ORBITAL ATK INC (OA): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the aerospace and defense space include Ducommun Inc. DCO and HEICO Corporation HEI . Orbital ATK will use a Minotaur IV rocket for the ORS-5 mission, which will be launched from Launch Complex-46 operated by Space Florida at Cape Canaveral Air Force Station. | Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report ORBITAL ATK INC (OA): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the aerospace and defense space include Ducommun Inc. DCO and HEICO Corporation HEI . Last week Orbital ATK clinched a $98 million contract from Lockheed Martin Corporation LMT to provide the launch abort motor for the Orion human spaceflight capsule's Launch Abort System. | Some better-ranked stocks in the aerospace and defense space include Ducommun Inc. DCO and HEICO Corporation HEI . Click to get this free report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report ORBITAL ATK INC (OA): Free Stock Analysis Report To read this article on Zacks.com click here. Orbital ATK will use a Minotaur IV rocket for the ORS-5 mission, which will be launched from Launch Complex-46 operated by Space Florida at Cape Canaveral Air Force Station. | 522683ce-a77b-4db0-bf07-485af4e5ec90 |
710288.0 | 2015-07-14 00:00:00 UTC | AAR Corp. Surpasses Earnings, Revenue Estimates in Q4 - Analyst Blog | DCO | https://www.nasdaq.com/articles/aar-corp.-surpasses-earnings-revenue-estimates-in-q4-analyst-blog-2015-07-14 | nan | nan | Aerospace and defense products and services supplier, AAR Corp.AIR reported fourth-quarter fiscal 2015 earnings of 36 cents per share, outpacing the Zacks Consensus Estimate of 22 cents by 63.6%. Quarterly earnings, however, declined 16.3% year over year, hurt by a rise in costs and expenses.
The company earned 24 cents per share in fiscal 2015, down a substantial 86.9% year over year. Earnings, however, widely missed the Zacks Consensus Estimate of $1.10 per share.
Aar Corporation - Earnings Surprise | FindTheBest
Revenue
In the quarter under review, consolidated sales were $415.8 million, surpassing the Zacks Consensus Estimate of $390 million by 6.6%. On a year-over-year basis, revenues dipped 1.1% primarily due to lower contribution from its Expeditionary Services segment.
Fiscal 2015 revenues declined 6.7% year over year to $1,594.3 million. Revenues also missed the Zacks Consensus Estimate of $1729 million by 7.8%.
Segment Details
In the reported quarter, Aviation Services' revenues of $360.2 million contributed 86.6% to total revenues. Segmental revenues jumped 17.1% from the year-ago quarter on the back of improved sales at AAR Corp.'s supply chain business.
The Expeditionary Services segment contributed 13.4% to quarterly revenues, corresponding to $55.6 million. A year-over-year decline of 50.8% was mainly due to lower airlift operations as a result of a slower pace of replacement of flying positions and lower sales at mobility systems.
Operational Highlights
In the fiscal fourth quarter, AAR Corp.'s cost of sales surged 25.7% year over year to $436.2 million.
A rise in cost of sales resulted in a gross loss of $20.4 million for the reported quarter as against a gross profit of $73.5 million in the prior-year period.
Selling, general and administrative expenses increased 11.1% year over year to $51.2 million.
The company incurred interest expenses of $7.2 million in the reported quarter, up 12.5% year over year.
Financial Update
AAR Corp.'s cash and cash equivalents as of May 31, 2015, came in at $54.7 million, down from $89.2 million as of May 31, 2014.
Net property, plant and equipment were $214.8 million as of May 31, 2015, compared with $314.9 million at the end of fiscal 2014.
As of May 31, 2015, total debt declined significantly to $154 million from $634 million as of May 31, 2014.
Dividend Update
AAR Corp. announced a cash dividend of 7.5 cents per share. The dividend is payable on or before Aug 12, 2015, to shareholders of record as of Jul 28, 2015.
Business Update
AAR Corp. has recently announced its plans to shift its MRO facility in Hot Springs, AR to its Oklahoma City facility. The move is part of its efforts to optimize its assets and improve return on invested capital.
Owing to overcapacity in North America, the company plans to transfer its maintenance operation for regional aircraft to Oklahoma City by Aug 2015. This would better align the capacity of AAR's 1MRO Network with current market demand. The company expects this move to boost the performance of its MRO business in fiscal 2016.
A Glance at Its Peer
Triumph Group Inc. TGI reported adjusted earnings from continuing operations for the fourth-quarter fiscal 2015 (ended Mar 31, 2015) of $1.71 per diluted share, beating the Zacks Consensus Estimate of $1.66 by 3%.
Zacks Rank
AAR Corp. has a Zacks Rank #3 (Hold). Some better-ranked stocks in the same sector include Ducommun Inc. DCO and HEICO Corp. HEI . Both stocks currently display a Zacks Rank #2 (Buy).
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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 Ducommun Inc. DCO and HEICO Corp. HEI . Click to get this free report AAR CORP (AIR): Free Stock Analysis Report TRIUMPH GRP INC (TGI): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report To read this article on Zacks.com click here. Segmental revenues jumped 17.1% from the year-ago quarter on the back of improved sales at AAR Corp.'s supply chain business. | Click to get this free report AAR CORP (AIR): Free Stock Analysis Report TRIUMPH GRP INC (TGI): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same sector include Ducommun Inc. DCO and HEICO Corp. HEI . Aerospace and defense products and services supplier, AAR Corp.AIR reported fourth-quarter fiscal 2015 earnings of 36 cents per share, outpacing the Zacks Consensus Estimate of 22 cents by 63.6%. | Click to get this free report AAR CORP (AIR): Free Stock Analysis Report TRIUMPH GRP INC (TGI): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same sector include Ducommun Inc. DCO and HEICO Corp. HEI . Aar Corporation - Earnings Surprise | FindTheBest Revenue In the quarter under review, consolidated sales were $415.8 million, surpassing the Zacks Consensus Estimate of $390 million by 6.6%. | Some better-ranked stocks in the same sector include Ducommun Inc. DCO and HEICO Corp. HEI . Click to get this free report AAR CORP (AIR): Free Stock Analysis Report TRIUMPH GRP INC (TGI): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report HEICO CORP (HEI): Free Stock Analysis Report To read this article on Zacks.com click here. The company earned 24 cents per share in fiscal 2015, down a substantial 86.9% year over year. | b3892b48-d2a6-4eb7-b161-36c06675f8b0 |
710289.0 | 2015-05-14 00:00:00 UTC | Ducommun Inc. (DCO) Crumbles: Stock Slumps by 19.9% - Tale of the Tape | DCO | https://www.nasdaq.com/articles/ducommun-inc.-dco-crumbles%3A-stock-slumps-by-19.9-tale-of-the-tape-2015-05-14 | nan | nan | Ducommun Inc. ( DCO ) saw a big move in the last trading session, as the company's shares fell by nearly 20% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for DCO, as the stock is now down over 26% in the past one-month time frame.
On May 12, the company announced reported extremely disappointing first-quarter results, as it reported a net loss of 18 cents, in contrast to the Zacks Consensus Estimate of earnings of 29 cents.
This slump shouldn't be too much of a surprise to investors, as the company, which provides engineering and manufacturing products and services, has seen 2 negative revisions in the past few weeks and its current year earnings consensus has also moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
DCO currently holds a Zacks Rank #3 (Hold).
Investors interested in the Aerospace/Defense Equipment industry may consider a better-ranked stock like TransDigm Group Incorporated ( TDG ), carrying a Zacks Rank #1 (Strong Buy).
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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. | Ducommun Inc. ( DCO ) saw a big move in the last trading session, as the company's shares fell by nearly 20% on the day. This continues the recent trend for DCO, as the stock is now down over 26% in the past one-month time frame. DCO currently holds a Zacks Rank #3 (Hold). | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc. ( DCO ) saw a big move in the last trading session, as the company's shares fell by nearly 20% on the day. This continues the recent trend for DCO, as the stock is now down over 26% in the past one-month time frame. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report TRANSDIGM GROUP (TDG): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc. ( DCO ) saw a big move in the last trading session, as the company's shares fell by nearly 20% on the day. This continues the recent trend for DCO, as the stock is now down over 26% in the past one-month time frame. | Ducommun Inc. ( DCO ) saw a big move in the last trading session, as the company's shares fell by nearly 20% on the day. This continues the recent trend for DCO, as the stock is now down over 26% in the past one-month time frame. DCO currently holds a Zacks Rank #3 (Hold). | 39e02844-8346-468c-a50c-5c00db00b380 |
710290.0 | 2015-05-12 00:00:00 UTC | After-Hours Earnings Report for May 12, 2015 : MCK, Z, RSPP, INGN, STKL, OPWR, VTL, EXAR, SSRI, LMNS, EC, DCO | DCO | https://www.nasdaq.com/articles/after-hours-earnings-report-may-12-2015-mck-z-rspp-ingn-stkl-opwr-vtl-exar-ssri-lmns-ec | nan | nan | The following companies are expected to report earnings after hours on 05/12/2015. Visit our Earnings Calendar for a full list of expected earnings releases.
McKesson Corporation ( MCK ) is reporting for the quarter ending March 31, 2015. The medical/dental supplies company's consensus earnings per share forecast from the 11 analysts that follow the stock is $2.75. This value represents a 7.84% increase compared to the same quarter last year. In the past year MCK has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 10.31%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for MCK is 20.95 vs. an industry ratio of -4.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Zillow Group, Inc. ( Z ) is reporting for the quarter ending March 31, 2015. The internet services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.38. This value represents a 137.50% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days.The days to cover, as reported in the 4/30/2015 short interest update, increased 127.64% from previous report on 4/15/2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for Z is -94.88 vs. an industry ratio of -50.30.
RSP Permian, Inc. ( RSPP ) is reporting for the quarter ending March 31, 2015. The oil (us exp & production) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.18. This value represents a 21.74% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for RSPP is 42.81 vs. an industry ratio of 86.30.
Inogen, Inc ( INGN ) is reporting for the quarter ending March 31, 2015. The medical instruments company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.07. This value represents a 40.00% increase compared to the same quarter last year. In the past year INGN has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 100%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for INGN is 79.91 vs. an industry ratio of -31.90, implying that they will have a higher earnings growth than their competitors in the same industry.
SunOpta, Inc. ( STKL ) is reporting for the quarter ending March 31, 2015. The food company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.08. This value represents a 20.00% decrease compared to the same quarter last year. The last two quarters STKL had negative earnings surprises; the latest report they missed by -40%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for STKL is 23.44 vs. an industry ratio of 4.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Opower, Inc. ( OPWR ) is reporting for the quarter ending March 31, 2015. The internet software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.16. This value represents a 50.00% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 36 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for OPWR is -16.21 vs. an industry ratio of -15.00.
Vital Therapies, Inc. ( VTL ) is reporting for the quarter ending March 31, 2015. The biomedical (gene) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.60. This value represents a 97.55% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 13 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for VTL is -10.47 vs. an industry ratio of -2.40.
Exar Corporation ( EXAR ) is reporting for the quarter ending March 31, 2015. The electric company company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.03. This value represents a 400.00% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for EXAR is -336.00 vs. an industry ratio of 10.80.
Silver Standard Resources Inc. ( SSRI ) is reporting for the quarter ending March 31, 2015. The mining company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.11. This value represents a 152.38% increase compared to the same quarter last year. The last two quarters SSRI had negative earnings surprises; the latest report they missed by -150%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for SSRI is 42.15 vs. an industry ratio of -41.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Lumenis Ltd. ( LMNS ) is reporting for the quarter ending March 31, 2015. The medical instruments company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.09. This value represents a 80.00% increase compared to the same quarter last year. LMNS missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -6.67%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for LMNS is 16.92 vs. an industry ratio of -31.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Ecopetrol S.A. ( EC ) is reporting for the quarter ending March 31, 2015. The oil company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.07. This value represents a 108.64% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 12 days.
Ducommun Incorporated ( DCO ) is reporting for the quarter ending March 31, 2015. The aerospace and defense company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.29. This value represents a 30.95% decrease compared to the same quarter last year. DCO missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -51.02%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DCO is 16.76 vs. an industry ratio of -84.90, 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. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending March 31, 2015. DCO missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -51.02%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DCO is 16.76 vs. an industry ratio of -84.90, implying that they will have a higher earnings growth than their competitors in the same industry. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending March 31, 2015. DCO missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -51.02%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DCO is 16.76 vs. an industry ratio of -84.90, implying that they will have a higher earnings growth than their competitors in the same industry. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending March 31, 2015. DCO missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -51.02%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DCO is 16.76 vs. an industry ratio of -84.90, implying that they will have a higher earnings growth than their competitors in the same industry. | DCO missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -51.02%. Ducommun Incorporated ( DCO ) is reporting for the quarter ending March 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DCO is 16.76 vs. an industry ratio of -84.90, implying that they will have a higher earnings growth than their competitors in the same industry. | 7849eb81-28f5-4caf-965d-ff9c45c124ea |
710291.0 | 2015-03-31 00:00:00 UTC | After-Hours Earnings Report for March 31, 2015 : SNX, UTIW, NG, LNDC, CTSO, DCO, WLDN, ADK, PPSI, PRGN, FSI, RGSE | DCO | https://www.nasdaq.com/articles/after-hours-earnings-report-march-31-2015-snx-utiw-ng-lndc-ctso-dco-wldn-adk-ppsi-prgn-fsi | nan | nan | The following companies are expected to report earnings after hours on 03/31/2015. Visit our Earnings Calendar for a full list of expected earnings releases.
Synnex Corporation ( SNX ) is reporting for the quarter ending February 28, 2015. The business software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.52. This value represents a 21.60% increase compared to the same quarter last year. In the past year SNX has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 7.65%. The "days to cover" for this stock exceeds 14 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for SNX is 11.42 vs. an industry ratio of 112.40.
UTi Worldwide Inc. ( UTIW ) is reporting for the quarter ending January 31, 2015. The transportation services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.07. This value represents a 53.33% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 16 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for UTIW is -40.45 vs. an industry ratio of 21.40.
Novagold Resources Inc. ( NG ) is reporting for the quarter ending February 28, 2015. The consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.02. NG reported earnings of $-0.03 per share for the same quarter a year ago; representing a a decrease of -33.33%.
Landec Corporation ( LNDC ) is reporting for the quarter ending February 28, 2015. The plastics company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.17. This value represents a 29.17% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 23 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for LNDC is 24.33 vs. an industry ratio of 20.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Cytosorbents Corporation ( CTSO ) is reporting for the quarter ending December 31, 2014. The medical products company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.21. This value represents a 16.00% increase compared to the same quarter last year. In the past year CTSO has met analyst expectations four times Zacks Investment Research reports that the 2014 Price to Earnings ratio for CTSO is -15.94 vs. an industry ratio of -5.80.
Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2014. The aerospace and defense company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.30. This value represents a 14.29% decrease compared to the same quarter last year.
Willdan Group, Inc. ( WLDN ) is reporting for the quarter ending December 31, 2014. The engineering company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.26. This value represents a 188.89% increase compared to the same quarter last year. In the past year WLDN has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 88.89%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for WLDN is 12.93 vs. an industry ratio of 2.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Adcare Health Systems Inc ( ADK ) is reporting for the quarter ending December 31, 2014. The consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.05. ADK reported earnings of $-0.12 per share for the same quarter a year ago; representing a a decrease of -58.33%.
Pioneer Power Solutions, Inc. ( PPSI ) is reporting for the quarter ending December 31, 2014. The machinery company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.14. This value represents a 17.65% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for PPSI is 15.62 vs. an industry ratio of 10.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Paragon Shipping Inc. ( PRGN ) is reporting for the quarter ending December 31, 2014. The shipping company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.34. This value represents a 183.33% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for PRGN is -0.83 vs. an industry ratio of 38.80.
Flexible Solutions International Inc. ( FSI ) is reporting for the quarter ending December 31, 2014. The consensus earnings per share forecast from the 1 analyst that follows the stock is $0.02. FSI reported earnings of $0.19 per share for the same quarter a year ago; representing a a decrease of -89.47%.
Real Goods Solar, Inc. ( RGSE ) is reporting for the quarter ending December 31, 2014. The solar company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.16. This value represents a 220.00% decrease compared to the same quarter last year. RGSE missed the consensus earnings per share in the 1st calendar quarter of 2014 by -38.46%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for RGSE is -0.40 vs. an industry ratio of 3.80.
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. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2014. The business software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.52. The transportation services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.07. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2014. Zacks Investment Research reports that the 2015 Price to Earnings ratio for LNDC is 24.33 vs. an industry ratio of 20.90, implying that they will have a higher earnings growth than their competitors in the same industry. In the past year CTSO has met analyst expectations four times Zacks Investment Research reports that the 2014 Price to Earnings ratio for CTSO is -15.94 vs. an industry ratio of -5.80. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2014. NG reported earnings of $-0.03 per share for the same quarter a year ago; representing a a decrease of -33.33%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for WLDN is 12.93 vs. an industry ratio of 2.90, implying that they will have a higher earnings growth than their competitors in the same industry. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2014. In the past year SNX has beat the expectations every quarter. In the past year WLDN has beat the expectations every quarter. | 2ffdb49f-f5e9-4be8-8c6d-0c531dfbf243 |
710292.0 | 2015-03-16 00:00:00 UTC | After-Hours Earnings Report for March 16, 2015 : OMER, BDSI, PRSC, ANW, QUNR, LWAY, DCO, EGY, HCCI, BDE, REI, XONE | DCO | https://www.nasdaq.com/articles/after-hours-earnings-report-march-16-2015-omer-bdsi-prsc-anw-qunr-lway-dco-egy-hcci-bde | nan | nan | The following companies are expected to report earnings after hours on 03/16/2015. Visit our Earnings Calendar for a full list of expected earnings releases.
Omeros Corporation ( OMER ) is reporting for the quarter ending December 31, 2014. The medical products company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.60. This value represents a 30.43% decrease compared to the same quarter last year. In the past year OMER has met analyst expectations twice and beat the expectations the other two quarters. The "days to cover" for this stock exceeds 15 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for OMER is -11.41 vs. an industry ratio of -8.00.
BioDelivery Sciences International, Inc. ( BDSI ) is reporting for the quarter ending December 31, 2014. The biomedical (gene) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.40. This value represents a 25.00% decrease compared to the same quarter last year. The last two quarters BDSI had negative earnings surprises; the latest report they missed by -34.48%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for BDSI is -12.84 vs. an industry ratio of -19.50, implying that they will have a higher earnings growth than their competitors in the same industry.
The Providence Service Corporation ( PRSC ) is reporting for the quarter ending December 31, 2014. The business services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.28. This value represents a 16.67% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for PRSC is 38.48 vs. an industry ratio of 37.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Aegean Marine Petroleum Network Inc. ( ANW ) is reporting for the quarter ending December 31, 2014. The shipping company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.22. This value represents a 37.50% increase compared to the same quarter last year. The last two quarters ANW had negative earnings surprises; the latest report they missed by -9.09%. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ANW is 16.65 vs. an industry ratio of 35.40.
Qunar Cayman Islands Limited ( QUNR ) is reporting for the quarter ending December 31, 2014. The internet services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.54. This value represents a 200.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for QUNR is -18.39 vs. an industry ratio of 97.80.
Lifeway Foods, Inc. ( LWAY ) is reporting for the quarter ending December 31, 2014. The dairy company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.05. This value represents a 350.00% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 19 days.The days to cover, as reported in the 2/27/2015 short interest update, increased 213.12% from previous report on 2/13/2015. Zacks Investment Research reports that the 2014 Price to Earnings ratio for LWAY is 81.45 vs. an industry ratio of 28.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2014. The aerospace and defense company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.30. This value represents a 14.29% decrease compared to the same quarter last year.
Vaalco Energy Inc ( EGY ) is reporting for the quarter ending December 31, 2014. The international company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.12. This value represents a 73.91% decrease compared to the same quarter last year. EGY missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -44.44%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for EGY is 5.52 vs. an industry ratio of 10.70.
Heritage-Crystal Clean, Inc. ( HCCI ) is reporting for the quarter ending December 31, 2014. The pollution control company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.39. This value represents a 378.57% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 25 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for HCCI is -52.68 vs. an industry ratio of 6.50.
Black Diamond, Inc. ( BDE ) is reporting for the quarter ending December 31, 2014. The leisure (recreational) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.03. This value represents a 66.67% decrease compared to the same quarter last year. BDE missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -37.5%. The "days to cover" for this stock exceeds 13 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for BDE is -121.83 vs. an industry ratio of 5.10.
Ring Energy, Inc. ( REI ) is reporting for the quarter ending December 31, 2014. The consensus earnings per share forecast from the 4 analysts that follow the stock is $0.05. REI reported earnings of $0.08 per share for the same quarter a year ago; representing a a decrease of -37.50%. The "days to cover" for this stock exceeds 15 days.
The ExOne Company ( XONE ) is reporting for the quarter ending December 31, 2014. The consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.03. XONE reported earnings of $-0.22 per share for the same quarter a year ago; representing a a decrease of -86.36%. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for XONE is -14.53 vs. an industry ratio of -14.50.
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. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2014. The business services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.28. The internet services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.54. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2014. Zacks Investment Research reports that the 2014 Price to Earnings ratio for BDSI is -12.84 vs. an industry ratio of -19.50, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2014 Price to Earnings ratio for PRSC is 38.48 vs. an industry ratio of 37.30, implying that they will have a higher earnings growth than their competitors in the same industry. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2014. Zacks Investment Research reports that the 2014 Price to Earnings ratio for BDSI is -12.84 vs. an industry ratio of -19.50, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2014 Price to Earnings ratio for PRSC is 38.48 vs. an industry ratio of 37.30, implying that they will have a higher earnings growth than their competitors in the same industry. | Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2014. EGY missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -44.44%. BDE missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -37.5%. | 19da84b3-faec-49d2-a003-e24126cb6c94 |
710293.0 | 2014-12-19 00:00:00 UTC | Will Defense be Hit by Weak Economies of Allied Nations? - Industry Outlook | DCO | https://www.nasdaq.com/articles/will-defense-be-hit-by-weak-economies-of-allied-nations-industry-outlook-2014-12-19 | nan | nan | The sequester that went into effect at the start of Mar 2013 will cut spending by a total of approximately $1.1 trillion over the eight-year period from 2013 to 2021. This will likely affect the defense sector's performance. The recently approved defense spending bill for fiscal 2015 is $18 billion lower than the last fiscal year.
Defense Budgets in Allied Nations Under Pressure: A country's artillery expansion is determined by its economic growth. The faster the global economy grows, the higher the defense spending. Following the global crisis in 2008, there was a marked shift in defense spending growth from the developed to the emerging countries.
The European Commission, which is the executive arm of the EU, now expects the region's economy to grow at 0.8% this year and 1.1% next year, down from its late spring estimates of 1.2% and 1.7% for 2014 and 2015, respectively. In this context, a mature European defense market is indeed a challenge for the U.S. players.
Intense Competition: The aerospace and defense companies compete among themselves for a number of small and large programs. Therefore, with new competitors coming in, it is important for the U.S. pros to stay ahead in technology.
Given the looming headwinds, we advise investors against names that offer little growth/opportunity over the near term. These include companies for which estimate revision trends reflect a bearish sentiment.
We remain apprehensive on the Zacks Rank #4 (Sell) companies including Moog Inc. ( MOG.A ), Curtiss-Wright Corp. ( CW ), Ducommun Inc. ( DCO ) and L-3 Communications Holdings Inc. ( LLL ).
In addition, we are skeptical of these Zacks Ranked #5 (Strong Sell) stocks: American Science & Engineering Inc. ( ASEI ), Exelis Inc. ( XLS ), Kratos Defense & Security Solutions, Inc. ( KTOS ) and Wesco Aircraft Holdings, Inc. ( WAIR ).
Our Take
In " Defense Majors Step Up Foreign Sales to Weather Sequester ," we focused on the conditions which are expected to drive the industry forward.
The industry's position is now challenged by global competition, changes in technology, national and worldwide economic conditions and global policies affecting defense, civilian and commercial aviation.
On the whole, budget austerities remain an overhang on the military sector. The companies that have little diversification outside the U.S. are highly susceptible to spending cuts from sequestration. On the other hand, those with an international order book would find it less difficult to combat sequestration.
Despite the uncertainty related to sequestration, huge defense budget cuts and cancellation of big-ticket programs, we have a mixed outlook for the sector on the back of technological progress, accretive acquisitions and cost-cutting efforts of individual companies. With careful management and prudent spending the sector is expected to weather the anemic defense budget environment. This keeps us for the most part neutral on the sector for the time being.
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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. | We remain apprehensive on the Zacks Rank #4 (Sell) companies including Moog Inc. ( MOG.A ), Curtiss-Wright Corp. ( CW ), Ducommun Inc. ( DCO ) and L-3 Communications Holdings Inc. ( LLL ). Click to get this free report EXELIS INC (XLS): Free Stock Analysis Report WESCO AIRCRAFT (WAIR): Free Stock Analysis Report MOOG INC A (MOG.A): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report AMER SCI & ENG (ASEI): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, we are skeptical of these Zacks Ranked #5 (Strong Sell) stocks: American Science & Engineering Inc. ( ASEI ), Exelis Inc. ( XLS ), Kratos Defense & Security Solutions, Inc. ( KTOS ) and Wesco Aircraft Holdings, Inc. ( WAIR ). | We remain apprehensive on the Zacks Rank #4 (Sell) companies including Moog Inc. ( MOG.A ), Curtiss-Wright Corp. ( CW ), Ducommun Inc. ( DCO ) and L-3 Communications Holdings Inc. ( LLL ). Click to get this free report EXELIS INC (XLS): Free Stock Analysis Report WESCO AIRCRAFT (WAIR): Free Stock Analysis Report MOOG INC A (MOG.A): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report AMER SCI & ENG (ASEI): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, we are skeptical of these Zacks Ranked #5 (Strong Sell) stocks: American Science & Engineering Inc. ( ASEI ), Exelis Inc. ( XLS ), Kratos Defense & Security Solutions, Inc. ( KTOS ) and Wesco Aircraft Holdings, Inc. ( WAIR ). | Click to get this free report EXELIS INC (XLS): Free Stock Analysis Report WESCO AIRCRAFT (WAIR): Free Stock Analysis Report MOOG INC A (MOG.A): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report AMER SCI & ENG (ASEI): Free Stock Analysis Report To read this article on Zacks.com click here. We remain apprehensive on the Zacks Rank #4 (Sell) companies including Moog Inc. ( MOG.A ), Curtiss-Wright Corp. ( CW ), Ducommun Inc. ( DCO ) and L-3 Communications Holdings Inc. ( LLL ). Despite the uncertainty related to sequestration, huge defense budget cuts and cancellation of big-ticket programs, we have a mixed outlook for the sector on the back of technological progress, accretive acquisitions and cost-cutting efforts of individual companies. | We remain apprehensive on the Zacks Rank #4 (Sell) companies including Moog Inc. ( MOG.A ), Curtiss-Wright Corp. ( CW ), Ducommun Inc. ( DCO ) and L-3 Communications Holdings Inc. ( LLL ). Click to get this free report EXELIS INC (XLS): Free Stock Analysis Report WESCO AIRCRAFT (WAIR): Free Stock Analysis Report MOOG INC A (MOG.A): Free Stock Analysis Report L-3 COMM HLDGS (LLL): Free Stock Analysis Report KRATOS DEFENSE (KTOS): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report AMER SCI & ENG (ASEI): Free Stock Analysis Report To read this article on Zacks.com click here. This will likely affect the defense sector's performance. | b5fde782-f13e-4104-987f-97bbb3a968eb |
710294.0 | 2014-11-12 00:00:00 UTC | What Makes Ducommun (DCO) a Strong Sell? - Tale of the Tape | DCO | https://www.nasdaq.com/articles/what-makes-ducommun-dco-a-strong-sell-tale-of-the-tape-2014-11-12 | 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 Ducommun Inc. ( DCO ), 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 #5 (Strong Sell) further confirms weakness in DCO.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 3 estimates moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from $1.94 a share a month ago to its current level of $1.60.
Also, for the current quarter, Ducommun has seen 3 downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to 33 cents a share from 46 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 11.6% in the past month.
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 Aerospace/Defense Equipment industry, you may instead consider some better-ranked stocks Spirit AeroSystems Holdings, Inc. ( SPR ), Teledyne Technologies Inc. ( TDY ) and Esterline Technologies Corp. ( ESL ). While Spirit AeroSystems and Teledyne Technologies sport a Zacks Rank #1 (Strong Buy), Esterline Technologies holds a Zacks Rank #2(Buy). With favorable Zacks Ranks, these stocks may be better selections at this 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. | One such stock that you may want to consider dropping is Ducommun Inc. ( DCO ), 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 #5 (Strong Sell) further confirms weakness in DCO. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report TELEDYNE TECH (TDY): Free Stock Analysis Report ESTERLINE TECHN (ESL): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report TELEDYNE TECH (TDY): Free Stock Analysis Report ESTERLINE TECHN (ESL): Free Stock Analysis Report To read this article on Zacks.com click here. One such stock that you may want to consider dropping is Ducommun Inc. ( DCO ), 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 #5 (Strong Sell) further confirms weakness in DCO. | One such stock that you may want to consider dropping is Ducommun Inc. ( DCO ), 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. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report TELEDYNE TECH (TDY): Free Stock Analysis Report ESTERLINE TECHN (ESL): Free Stock Analysis Report To read this article on Zacks.com click here. A Zacks Rank #5 (Strong Sell) further confirms weakness in DCO. | One such stock that you may want to consider dropping is Ducommun Inc. ( DCO ), 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 #5 (Strong Sell) further confirms weakness in DCO. Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report TELEDYNE TECH (TDY): Free Stock Analysis Report ESTERLINE TECHN (ESL): Free Stock Analysis Report To read this article on Zacks.com click here. | 200d797b-8930-4212-a70b-e189784f25b5 |
710295.0 | 2014-11-06 00:00:00 UTC | Texas Instruments Unveils New Series of MSP430 MCUs - Analyst Blog | DCO | https://www.nasdaq.com/articles/texas-instruments-unveils-new-series-of-msp430-mcus-analyst-blog-2014-11-06 | nan | nan | Texas Instruments ( TXN ) or TI recently expanded its industrial microcontroller portfolio with the launch of a new series of MSP43 industrial microcontrollers (MCUs), MSP430i204x. These MCUs are now available in production quantities for USD $1.70 per 1,000 units.
The MSP430i204x is designed to provide precision, accuracy and cost savings and meets the temperature range requirements from -40 to 105 degrees Celsius essential for industrial applications. These are available in small package sizes, which will allow developers to make smaller products for industrial applications by reducing board space and increasing system accuracy.
The MSP430i204x industrial MCUs consist of integrated smart analog and up to four integrated sigma delta analog-to-digital converters (ADCs). The ADCs will enable the MCUs to provide accuracy and precision down to 1% in smart metering products. The MCUs also containa digitally controlled oscillator (DCO),which helps inremoving the need for an external crystal.
TI is in the process of invigorating its product line and most of the recent growth in the embedded business is attributable to microcontrollers.
Leveraging the latest MCUs will enable high performance in applications with smarter metering solutions and help to detect unauthorized access. Moreover, the latest products will enhance Texas Instruments' differentiated product pipeline, thereby boosting revenues. However, Texas Instruments operates in an intensely competitive industry and companies such as Broadcom ( BRCM ) and Analog Devices ( ADI ) can pose stiff competition.
Texas Instruments reported strong third-quarter earnings that grew 19.6% sequentially and 29.1% year over year. Revenues of $3.50 billion were up 6.3% sequentially and 7.9% year over year. Gross margin of 58.4% was up 124 basis points (bps) sequentially and 354 bps from the year-ago quarter.
Texas Instruments currently holds a Zacks Rank #2 (Buy). Another stock worth considering in the space is Intel Corp. ( INTC ) carrying the same rank as Texas Instruments.
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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 MCUs also containa digitally controlled oscillator (DCO),which helps inremoving the need for an external crystal. However, Texas Instruments operates in an intensely competitive industry and companies such as Broadcom ( BRCM ) and Analog Devices ( ADI ) can pose stiff competition. Click to get this free report TEXAS INSTRS (TXN): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report BROADCOM CORP-A (BRCM): Free Stock Analysis Report ANALOG DEVICES (ADI): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report TEXAS INSTRS (TXN): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report BROADCOM CORP-A (BRCM): Free Stock Analysis Report ANALOG DEVICES (ADI): Free Stock Analysis Report To read this article on Zacks.com click here. The MCUs also containa digitally controlled oscillator (DCO),which helps inremoving the need for an external crystal. However, Texas Instruments operates in an intensely competitive industry and companies such as Broadcom ( BRCM ) and Analog Devices ( ADI ) can pose stiff competition. | Click to get this free report TEXAS INSTRS (TXN): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report BROADCOM CORP-A (BRCM): Free Stock Analysis Report ANALOG DEVICES (ADI): Free Stock Analysis Report To read this article on Zacks.com click here. The MCUs also containa digitally controlled oscillator (DCO),which helps inremoving the need for an external crystal. However, Texas Instruments operates in an intensely competitive industry and companies such as Broadcom ( BRCM ) and Analog Devices ( ADI ) can pose stiff competition. | Click to get this free report TEXAS INSTRS (TXN): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report BROADCOM CORP-A (BRCM): Free Stock Analysis Report ANALOG DEVICES (ADI): Free Stock Analysis Report To read this article on Zacks.com click here. The MCUs also containa digitally controlled oscillator (DCO),which helps inremoving the need for an external crystal. However, Texas Instruments operates in an intensely competitive industry and companies such as Broadcom ( BRCM ) and Analog Devices ( ADI ) can pose stiff competition. | 1f7c41ff-2790-449b-98e3-577e5a36987f |
710296.0 | 2014-10-29 00:00:00 UTC | DUCOMMUN Slumps: DCO Plunges 10.8% in Session - Tale of the Tape | DCO | https://www.nasdaq.com/articles/ducommun-slumps%3A-dco-plunges-10.8-in-session-tale-of-the-tape-2014-10-29 | nan | nan | Ducommun Inc. ( DCO ) saw a big move in the last trading session, as the company's shares fell by nearly 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for DCO, as the stock is now down over 11% since Oct 16.
The company, which manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs, has not seen any estimate revision over the past month, and the current year earnings consensus hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
DCO currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Aerospace/Defense Equipment industry include Orbital Sciences Corp. ( ORB ), Teledyne Technologies Inc. ( TDY ) and Spirit AeroSystems Holdings, Inc. ( SPR ), each carrying a Zacks Rank #1 (Strong Buy).
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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. | Ducommun Inc. ( DCO ) saw a big move in the last trading session, as the company's shares fell by nearly 11% on the day. This continues the recent trend for DCO, as the stock is now down over 11% since Oct 16. DCO currently has a Zacks Rank #4 (Sell). | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ORBITAL SCIENCE (ORB): Free Stock Analysis Report TELEDYNE TECH (TDY): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc. ( DCO ) saw a big move in the last trading session, as the company's shares fell by nearly 11% on the day. This continues the recent trend for DCO, as the stock is now down over 11% since Oct 16. | Click to get this free report DUCOMMUN INC DE (DCO): Free Stock Analysis Report ORBITAL SCIENCE (ORB): Free Stock Analysis Report TELEDYNE TECH (TDY): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Inc. ( DCO ) saw a big move in the last trading session, as the company's shares fell by nearly 11% on the day. This continues the recent trend for DCO, as the stock is now down over 11% since Oct 16. | Ducommun Inc. ( DCO ) saw a big move in the last trading session, as the company's shares fell by nearly 11% on the day. This continues the recent trend for DCO, as the stock is now down over 11% since Oct 16. DCO currently has a Zacks Rank #4 (Sell). | f300d3ae-f162-401d-b4cc-c86a185b8032 |
710297.0 | 2014-09-24 00:00:00 UTC | AAR Corp Misses on Q1 Earnings & Revenues, Guides Lower - Analyst Blog | DCO | https://www.nasdaq.com/articles/aar-corp-misses-on-q1-earnings-revenues-guides-lower-analyst-blog-2014-09-24 | nan | nan | Aerospace and defense products and services supplier AAR Corp. ( AIR ) reported fiscal first quarter 2015 (ending Aug 31, 2014) earnings of 36 cents per share, missing the Zacks Consensus Estimate of 41 cents by 12.2%. The reported number was also down 20% from the year-ago figure of 45 cents mainly due to lower contribution from its defense customers.
Revenue
In the fiscal first quarter of 2015, consolidated sales were $469.2 million, down 8.8% year over year and below the Zacks Consensus Estimate of $496.0 million. The company's top line declined due to lower contributions from both its Aviation Services and Technology Products segments.
Segment Details
In the reported quarter, Aviation Services' revenues of $363.7 million comprised 78% of total revenues. Segment revenues declined 7.6% from the year-ago quarter. The downtrend was due to a 27% decline in sales to defense customers owing to the drawdown of aircraft positions in Afghanistan and for the delay in commencement of new contracts in Africa for its airlift business. However, this was partly offset by a 7% increase in revenues from commercial customers given its strength in supply chain.
The Technology Products segment contributed 22% to total revenues in the quarter, corresponding to $105.5 million (down 12.7% year over year). The decrease was mainly due to lower sales of mobility products.
Margins
Cost of sales in the reported quarter decreased 8.4% year over year to $393.9 million and represented 84% of total revenues. Selling, general and administrative expense increased 5.9% to $44.9 million. As a percentage of sales, selling, general and administrative expenses stood at 9.6% this quarter as against 9.3% in the year-ago quarter.
Financial Update
In the fiscal first quarter of 2015, cash and cash equivalents were approximately $81.8 million, down from $89.2 million at fiscal 2014 end. Net property, plant and equipment were $287.9 million, down from $314.9 million at the end of fiscal 2014. Total outstanding debt was $627.1 million.
Cash flow from operations in first quarter fiscal 2015 was $15 million and free cash flow was $6 million. The company paid dividends totaling $3.0 million.
Guidance
The company has lowered its earnings expectation for fiscal 2015 to the range of $1.65-$1.75 per share from its earlier outlook of $1.80−$1.90 per share. Total revenues are now expected in the band of $2.0 billion to $2.05 billion, down from its previous expectation of $2.1 billion to $2.15 billion.
In spite of the slashed guidance the company expects its supply chain business and its maintenance, repair, and overhaul businesses to grow given its strong position in the growing global aviation services market.
Zacks Rank
Currently, AAR Corp. holds a Zacks Rank #3 (Hold). Players in the aerospace and defense industry with a favorable Zacks Rank include Ducommun Inc. ( DCO ), B/E Aerospace Inc. ( BEAV ) and Curtiss-Wright Corp. ( CW ). While Ducommun holds a Zacks Rank #1 (Strong Buy), B/E Aerospace and Curtiss-Wright carry a Zacks Rank #2 (Buy).
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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. | Players in the aerospace and defense industry with a favorable Zacks Rank include Ducommun Inc. ( DCO ), B/E Aerospace Inc. ( BEAV ) and Curtiss-Wright Corp. ( CW ). Click to get this free report AAR CORP (AIR): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report B/E AEROSPACE (BEAV): Free Stock Analysis Report To read this article on Zacks.com click here. The reported number was also down 20% from the year-ago figure of 45 cents mainly due to lower contribution from its defense customers. | Click to get this free report AAR CORP (AIR): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report B/E AEROSPACE (BEAV): Free Stock Analysis Report To read this article on Zacks.com click here. Players in the aerospace and defense industry with a favorable Zacks Rank include Ducommun Inc. ( DCO ), B/E Aerospace Inc. ( BEAV ) and Curtiss-Wright Corp. ( CW ). Aerospace and defense products and services supplier AAR Corp. ( AIR ) reported fiscal first quarter 2015 (ending Aug 31, 2014) earnings of 36 cents per share, missing the Zacks Consensus Estimate of 41 cents by 12.2%. | Click to get this free report AAR CORP (AIR): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report B/E AEROSPACE (BEAV): Free Stock Analysis Report To read this article on Zacks.com click here. Players in the aerospace and defense industry with a favorable Zacks Rank include Ducommun Inc. ( DCO ), B/E Aerospace Inc. ( BEAV ) and Curtiss-Wright Corp. ( CW ). Revenue In the fiscal first quarter of 2015, consolidated sales were $469.2 million, down 8.8% year over year and below the Zacks Consensus Estimate of $496.0 million. | Players in the aerospace and defense industry with a favorable Zacks Rank include Ducommun Inc. ( DCO ), B/E Aerospace Inc. ( BEAV ) and Curtiss-Wright Corp. ( CW ). Click to get this free report AAR CORP (AIR): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report B/E AEROSPACE (BEAV): Free Stock Analysis Report To read this article on Zacks.com click here. Aerospace and defense products and services supplier AAR Corp. ( AIR ) reported fiscal first quarter 2015 (ending Aug 31, 2014) earnings of 36 cents per share, missing the Zacks Consensus Estimate of 41 cents by 12.2%. | 239a9b9d-1f7d-4ffa-8fb5-e6a63195d7df |
710298.0 | 2014-08-22 00:00:00 UTC | General Dynamics Hits New 52-Week High on Higher Guidance - Analyst Blog | DCO | https://www.nasdaq.com/articles/general-dynamics-hits-new-52-week-high-on-higher-guidance-analyst-blog-2014-08-22 | nan | nan | On Aug 21, 2014, shares of General Dynamics Corp. ( GD ) soared to a new 52-week high of $124.25, finally ending the trading session a little lower at $123.68. This defense prime with a market cap of around $41.6 billion has seen its shares rise roughly 29.4% so far this year, outperforming the 7.8% gain of the S&P 500 over the same period.
What's Driving General Dynamics Up?
General Dynamics is one of the largest U.S. defense contractors whose revenue exposure is spread over a broad portfolio of products and services that help it to keep the overall growth momentum steady. The company is one of the two contractors equipped to build nuclear-powered submarines in the U.S.
Since the start of 2014, there have been a number of share price gainers among the pure-play defense majors, with General Dynamics leading the pack, driven by consistent contract wins and a stable second-quarter 2014 performance.
The Pentagon's #3 contractor posted a 5.46% average positive surprise over the last four quarters. Yet, its revenues fell 4.6% in the second quarter, missing the Street expectation. Nonetheless, this defense behemoth recently increased its overall earnings outlook for the year to $7.40 to $7.45 per share from its earlier forecast of $7.05 to $7.10 per share. The company's cost-cutting initiatives spurred profitability even as defense spending by the U.S. government remained low.
The maker of Gulfstream jets, tanks as well as U.S. Navy ships expects to repurchase shares in the second half of 2014. The company has already spent approximately $2.7 billion on share buybacks so far this year.
Total backlog at the end of second-quarter 2014 was $71.1 billion, up 27% from the preceding quarter. The company's total potential contract value, the sum of all backlog components, increased 29% to $99.5 billion in the second quarter 2014 - this marks the highest for the company in the past four years.
Although the cloud of sequestration still hovers over the defense sector, hurting many programs, this will have a minimal impact on General Dynamics' future prospects. The escalating military tension in the Asia-Pacific region has provoked the U.S. Department of Defense to prioritize the company's prime shipbuilding programs. Earlier this year, the U.S. Navy signed a $17.6 billion multi-year contract with General Dynamics to build 10 Virginia-class submarines.
General Dynamics is a Zacks Rank #2 (Buy) stock. Other companies in the defense space worth considering include Northrop Grumman Corp. ( NOC ), Lockheed Martin Corp. ( LMT ) and Ducommun Inc. ( DCO ). Ducommun carries a Zacks Rank #1 (Strong Buy), while Northrop Grumman and Lockheed Martin hold the same rank as General Dynamics.
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NORTHROP GRUMMN (NOC): Free Stock Analysis Report
GENL DYNAMICS (GD): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis Report
DUCOMMUN INC DE (DCO): 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. | Other companies in the defense space worth considering include Northrop Grumman Corp. ( NOC ), Lockheed Martin Corp. ( LMT ) and Ducommun Inc. ( DCO ). Click to get this free report NORTHROP GRUMMN (NOC): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. General Dynamics is one of the largest U.S. defense contractors whose revenue exposure is spread over a broad portfolio of products and services that help it to keep the overall growth momentum steady. | Other companies in the defense space worth considering include Northrop Grumman Corp. ( NOC ), Lockheed Martin Corp. ( LMT ) and Ducommun Inc. ( DCO ). Click to get this free report NORTHROP GRUMMN (NOC): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun carries a Zacks Rank #1 (Strong Buy), while Northrop Grumman and Lockheed Martin hold the same rank as General Dynamics. | Click to get this free report NORTHROP GRUMMN (NOC): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Other companies in the defense space worth considering include Northrop Grumman Corp. ( NOC ), Lockheed Martin Corp. ( LMT ) and Ducommun Inc. ( DCO ). Since the start of 2014, there have been a number of share price gainers among the pure-play defense majors, with General Dynamics leading the pack, driven by consistent contract wins and a stable second-quarter 2014 performance. | Other companies in the defense space worth considering include Northrop Grumman Corp. ( NOC ), Lockheed Martin Corp. ( LMT ) and Ducommun Inc. ( DCO ). Click to get this free report NORTHROP GRUMMN (NOC): Free Stock Analysis Report GENL DYNAMICS (GD): Free Stock Analysis Report LOCKHEED MARTIN (LMT): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Nonetheless, this defense behemoth recently increased its overall earnings outlook for the year to $7.40 to $7.45 per share from its earlier forecast of $7.05 to $7.10 per share. | e0cc013c-aafc-495c-9442-4be62a29358f |
710299.0 | 2014-08-20 00:00:00 UTC | TASER International (TASR) Jumps: Stock Rises 9.8% - Tale of the Tape | DCO | https://www.nasdaq.com/articles/taser-international-tasr-jumps%3A-stock-rises-9.8-tale-of-the-tape-2014-08-20 | nan | nan | TASER International Inc. ( TASR ) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up more than 34% since Aug 12, 2014.
The company has seen no estimate revision over the past 7 days and the Zacks Consensus Estimate has not been in a trend either. Yesterday's jump is encouraging though, so make sure to keep a close watch on this electrical weapons manufacturer in the near future.
TASER International currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, better-ranked stocks in the Aerospace/Defense Products & Services sector include Ducommun Inc. ( DCO ), Spirit AeroSystems Holdings, Inc. ( SPR ) and Curtiss-Wright Corporation ( CW ). While Ducommun and Spirit AeroSystems sport a Zacks Rank #1 (Strong Buy), Curtiss-Wright has a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TASER INTL INC (TASR): Free Stock Analysis Report
DUCOMMUN INC DE (DCO): Free Stock Analysis Report
SPIRIT AEROSYS (SPR): Free Stock Analysis Report
CURTISS WRIGHT (CW): 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. | However, better-ranked stocks in the Aerospace/Defense Products & Services sector include Ducommun Inc. ( DCO ), Spirit AeroSystems Holdings, Inc. ( SPR ) and Curtiss-Wright Corporation ( CW ). Click to get this free report TASER INTL INC (TASR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report To read this article on Zacks.com click here. TASER International Inc. ( TASR ) was a big mover last session, as the company saw its shares rise nearly 10% on the day. | However, better-ranked stocks in the Aerospace/Defense Products & Services sector include Ducommun Inc. ( DCO ), Spirit AeroSystems Holdings, Inc. ( SPR ) and Curtiss-Wright Corporation ( CW ). Click to get this free report TASER INTL INC (TASR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report To read this article on Zacks.com click here. While Ducommun and Spirit AeroSystems sport a Zacks Rank #1 (Strong Buy), Curtiss-Wright has a Zacks Rank #2 (Buy). | Click to get this free report TASER INTL INC (TASR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report To read this article on Zacks.com click here. However, better-ranked stocks in the Aerospace/Defense Products & Services sector include Ducommun Inc. ( DCO ), Spirit AeroSystems Holdings, Inc. ( SPR ) and Curtiss-Wright Corporation ( CW ). Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? | However, better-ranked stocks in the Aerospace/Defense Products & Services sector include Ducommun Inc. ( DCO ), Spirit AeroSystems Holdings, Inc. ( SPR ) and Curtiss-Wright Corporation ( CW ). Click to get this free report TASER INTL INC (TASR): Free Stock Analysis Report DUCOMMUN INC DE (DCO): Free Stock Analysis Report SPIRIT AEROSYS (SPR): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report To read this article on Zacks.com click here. TASER International Inc. ( TASR ) was a big mover last session, as the company saw its shares rise nearly 10% on the day. | 20b66721-e521-46be-aa46-1f04c3c1e317 |
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