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722300.0
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2017-08-01 00:00:00 UTC
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Can Parker-Hannifin (PH) Maintain its Earnings Streak in Q4?
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DE
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https://www.nasdaq.com/articles/can-parker-hannifin-ph-maintain-its-earnings-streak-in-q4-2017-08-01
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nan
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nan
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Parker-Hannifin CorporationPH is scheduled to report fourth-quarter fiscal 2017 results before the opening bell on Aug 3.
Last quarter, the company posted its seventh consecutive earnings beat, recording a positive surprise of 13.4%. Parker-Hannifin boasts an average positive surprise of approximately 14.9% over the trailing four quarters.
We expect the company to beat earnings in the about-to-be-reported quarter.
Why a Likely Positive Surprise?
Our proven model shows an earnings beat for Parker-Hannifin as it possesses the key components.
Zacks ESP:Earnings ESP for Parker-Hannifin is +0.87% as the Most Accurate estimate is pegged at $2.33 while the Zacks Consensus Estimate is $2.31. A favorable Zacks ESP serves as a meaningful and leading indicator of a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter ..
Zacks Rank: Parker-Hannifin has a Zacks Rank #2 (Buy). Note that stocks with Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 have a significantly higher chance of beating earnings estimates. Conversely, Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement.
The favorable combination of Parker-Hannifin's Zacks Rank #2 and +0.87% ESP makes us reasonably confident of a positive earnings beat.
What is Driving the Better-Than-Expected Earnings?
Parker-Hannifin continues to benefit from its extensive distribution network, which sells to the more lucrative MRO markets. Robust distribution sales have helped it in reaching out to smaller OEMs. We believe that the company's strong aftermarket sales are likely to raise its bottom line and margins for the fiscal fourth quarter. This apart, Parker-Hannifin's revamped "WIN Strategy", which cushions against global macroeconomic uncertainties, has acted as a staple growth driver.
The WIN Strategy, coupled with a host of other consolidation and simplification initiatives, helped Parker-Hannifin garner significant cost savings and witness margin expansion. During the reported fiscal fourth quarter, the company's adjusted segment operating margins expanded 140 basis points (bps) year over year thanks to its concerted restructuring activities, undertaken over the last few years. This trend is likely to continue for the soon-to-be-reported quarter.
In addition, the recent CLARCOR buyout, which has strengthened Parker-Hannifin's filtration product suite, will supplement the company's recurring revenue growth. Also, other bolt-on acquisitions completed over the past two years, namely, Jäger Automobil-Technik GmbH, Jäger Automotive Polska President Engineering Group Limited and Helac Corporation, are also expected to stoke its inorganic growth for the fiscal fourth quarter.
Despite these positives, Parker-Hannifin's diverse geographic presence is exposed to currency headwinds. The company's sales shrunk 3.2% for fiscal 2016 due to the same. We believe foreign currency translation risks will play a major spoilsport for fiscal 2017. This apart, sluggishness in its key natural resources market that includes oil and gas, agriculture, mining and construction equipment, are likely to hamper the company's growth.
In addition, rising prices of core materials like steel and aluminium are expected to erode the company's financials for the soon-to-be-reported quarter. Moreover, Parker-Hannifin's high restructuring charges might pose as headwind for the upcoming results. Earlier, the company declared incurring business realignment expenses of about $48 million in fiscal 2017, which is projected to impact earnings per share to the tune of $0.25.
Parker-Hannifin Corporation Price and EPS Surprise
Parker-Hannifin Corporation Price and EPS Surprise | Parker-Hannifin Corporation Quote
Stocks That Warrant a Look
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter.
Deere & Company DE has an Earnings ESP of +5.32% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
MSA Safety Incorporated MSA has an Earnings ESP of +5.75% and a Zacks Rank #2.
JELD-WEN Holding, Inc. JELD has an Earnings ESP of +7.69% and a Zacks Rank #2.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JELD-WEN Holding, Inc. (JELD): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
MSA Safety Incorporporated (MSA): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This apart, sluggishness in its key natural resources market that includes oil and gas, agriculture, mining and construction equipment, are likely to hamper the company's growth. Our proven model shows an earnings beat for Parker-Hannifin as it possesses the key components. Conversely, Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement.
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Parker-Hannifin Corporation Price and EPS Surprise Parker-Hannifin Corporation Price and EPS Surprise | Parker-Hannifin Corporation Quote Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter. Click to get this free report JELD-WEN Holding, Inc. (JELD): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report MSA Safety Incorporporated (MSA): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model shows an earnings beat for Parker-Hannifin as it possesses the key components.
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Parker-Hannifin Corporation Price and EPS Surprise Parker-Hannifin Corporation Price and EPS Surprise | Parker-Hannifin Corporation Quote Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter. Click to get this free report JELD-WEN Holding, Inc. (JELD): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report MSA Safety Incorporporated (MSA): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model shows an earnings beat for Parker-Hannifin as it possesses the key components.
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The favorable combination of Parker-Hannifin's Zacks Rank #2 and +0.87% ESP makes us reasonably confident of a positive earnings beat. Our proven model shows an earnings beat for Parker-Hannifin as it possesses the key components. Conversely, Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement.
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61c8afcf-944c-4d69-a03f-4ac49933e0c0
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722301.0
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2017-08-01 00:00:00 UTC
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Owens-Illinois (OI) Q2 Earnings Top, Sales Lag, View Up
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DE
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https://www.nasdaq.com/articles/owens-illinois-oi-q2-earnings-top-sales-lag-view-up-2017-08-01
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nan
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nan
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Owens-Illinois, Inc.OI reported second-quarter 2017 adjusted earnings per share of 75 cents, surpassing the Zacks Consensus Estimate of 67 cents. In addition, earnings jumped 15% year over year and exceeded the management's guidance range of 63-68 cents per share.
Including one-time items, the company's earnings increased to 85 cents per share in the quarter from 65 cents recorded in the year-ago quarter.
Operational Update
Owens-Illinois' net sales remained flat year over year at $1.75 billion. Revenues missed the Zacks Consensus Estimate of $1.77 billion. Price inched up 1% on a global basis, which was offset by modestly lower sales volume and adverse currency translation. On a global basis, pricing was up 1%.
Owens-Illinois, Inc. Price, Consensus and EPS Surprise
Owens-Illinois, Inc. Price, Consensus and EPS Surprise | Owens-Illinois, Inc. Quote
Shipments in Europe remained flat year over year in the second quarter. In Latin America, volume increased in low-single digits, mainly stemmed by higher spirits and beer shipments. Growth was concentrated in Mexico, which reported record sales. Another positive sign was reported in Brazil where low single-digit growth in shipments in the quarter was driven by gains in June.
On the other hand, sales volume in North America declined due to lower shipments and the ongoing unfavorable mix seen in prior quarters. Sales volume in the Asia Pacific declined primarily due to lower domestic sales in China.
Cost of sales dipped 1% year over year to $1.4 billion. Gross profit ascended 1.2% to $346 million from $342 million recorded in the year-earlier quarter. Selling and administrative expenses declined 2.4% to $123 million. Segment operating profit improved 8% year over year to $252 million. Segment operating profit margin expanded 120 basis points to 14.4% in the quarter.
Financial Update
Owens-Illinois had cash and cash equivalents of $335 million at the end of second-quarter 2017 compared with $492 million at the end of 2016. The company recorded cash used for operating activities of $156 million during the six-month period ended Jun 30, 2017, compared with cash usage of $107 million in the comparable period last year.
Owens-Illinois' long-term debt increased to $5,471 million at the end of second-quarter 2017, compared with $5,133 million at the end of 2016.
The company also announced that its European subsidiary sold to a third party its right, title and interest in amounts due under its arbitration award against Venezuela. As consideration, the subsidiary received a cash payment of $115 million, and retains a modest potential upside depending upon recovery of the award. The company intends to use the after-tax proceeds of the cash payments to reduce outstanding borrowings under its revolving line of credit.
Guidance
The company raised its earnings guidance reflecting consistent solid operating performance, strong business performance through the second half, favorable currency translation and a lower tax rate. Owens-Illinois now guides its adjusted earnings per share for 2017 to be in the range of $2.55-$2.65, up from the prior band of $2.40-$2.50.
Owens-Illinois continues to successfully execute on its strategic initiatives in commercial activities, end-to-end supply chain management and working capital reduction. Its focus on systems cost improvement is on track to yield $35-$45 million in segment operating profit for the full year.
The company continues to focus on transformation efforts. Successful program execution will allow the closure of the plant in the Netherlands earlier than anticipated. It expects margin improvement on the back of continued operating stability and lower total systems cost. Moreover, additional investments, capability building in innovation and integration, as well as organizational simplification, will drive growth.
Share Price Performance
Over the last one year, Owens-Illinois outperformed its industry with respect to price performance. The stock gained around 31.1%, while the industry recorded growth of 25.3% over the same time frame.
Zacks Rank & Other Key Picks
Currently, Owens-Illinois carries a Zacks Rank #2 (Buy).
Other top-ranked stocks in the sector include AGCO Corporation AGCO , Deere & Company DE and Apogee Enterprises, Inc. APOG , all three sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has expected long-term growth rate of 12.41%.
Deere has expected long-term growth rate of 9.17%.
Apogee has expected long-term growth rate of 12.50%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Owens-Illinois, Inc. (OI): Free Stock Analysis Report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the other hand, sales volume in North America declined due to lower shipments and the ongoing unfavorable mix seen in prior quarters. The company also announced that its European subsidiary sold to a third party its right, title and interest in amounts due under its arbitration award against Venezuela. In addition, earnings jumped 15% year over year and exceeded the management's guidance range of 63-68 cents per share.
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Other top-ranked stocks in the sector include AGCO Corporation AGCO , Deere & Company DE and Apogee Enterprises, Inc. APOG , all three sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, earnings jumped 15% year over year and exceeded the management's guidance range of 63-68 cents per share.
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The company recorded cash used for operating activities of $156 million during the six-month period ended Jun 30, 2017, compared with cash usage of $107 million in the comparable period last year. Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, earnings jumped 15% year over year and exceeded the management's guidance range of 63-68 cents per share.
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Owens-Illinois' long-term debt increased to $5,471 million at the end of second-quarter 2017, compared with $5,133 million at the end of 2016. In addition, earnings jumped 15% year over year and exceeded the management's guidance range of 63-68 cents per share. Including one-time items, the company's earnings increased to 85 cents per share in the quarter from 65 cents recorded in the year-ago quarter.
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e19ad2f6-35a8-495b-bb52-6f88cb6bfdaa
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722302.0
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2017-08-01 00:00:00 UTC
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YieldBoost Deere & Co. To 4.7% Using Options
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DE
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https://www.nasdaq.com/articles/yieldboost-deere-co-47-using-options-2017-08-01
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nan
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nan
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Shareholders of Deere & Co. (Symbol: DE) looking to boost their income beyond the stock's 1.9% annualized dividend yield can sell the January 2019 covered call at the $150 strike and collect the premium based on the $5.30 bid, which annualizes to an additional 2.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 4.7% annualized rate in the scenario where the stock is not called away. Any upside above $150 would be lost if the stock rises there and is called away, but DE shares would have to climb 16.1% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 20.2% return from this trading level, in addition to any dividends collected before the stock was called.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Deere & Co., looking at the dividend history chart for DE below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 1.9% annualized dividend yield.
Below is a chart showing DE's trailing twelve month trading history, with the $150 strike highlighted in red:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 covered call at the $150 strike gives good reward for the risk of having given away the upside beyond $150. ( Do most options expire worthless? This and six other common options myths debunked ). We calculate the trailing twelve month volatility for Deere & Co. (considering the last 252 trading day closing values as well as today's price of $129.26) to be 22%. For other call options contract ideas at the various different available expirations, visit the DE Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Tuesday, the put volume among S&P 500 components was 518,415 contracts, with call volume at 857,983, for a put:call ratio of 0.60 so far for the day. Compared to the long-term median put:call ratio of .65, that represents high call volume relative to puts; in other words, buyers are showing a preference for calls in options trading so far today. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. Below is a chart showing DE's trailing twelve month trading history, with the $150 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 covered call at the $150 strike gives good reward for the risk of having given away the upside beyond $150. We calculate the trailing twelve month volatility for Deere & Co. (considering the last 252 trading day closing values as well as today's price of $129.26) to be 22%.
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Shareholders of Deere & Co. (Symbol: DE) looking to boost their income beyond the stock's 1.9% annualized dividend yield can sell the January 2019 covered call at the $150 strike and collect the premium based on the $5.30 bid, which annualizes to an additional 2.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 4.7% annualized rate in the scenario where the stock is not called away. Any upside above $150 would be lost if the stock rises there and is called away, but DE shares would have to climb 16.1% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 20.2% return from this trading level, in addition to any dividends collected before the stock was called. Below is a chart showing DE's trailing twelve month trading history, with the $150 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 covered call at the $150 strike gives good reward for the risk of having given away the upside beyond $150.
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Shareholders of Deere & Co. (Symbol: DE) looking to boost their income beyond the stock's 1.9% annualized dividend yield can sell the January 2019 covered call at the $150 strike and collect the premium based on the $5.30 bid, which annualizes to an additional 2.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 4.7% annualized rate in the scenario where the stock is not called away. Any upside above $150 would be lost if the stock rises there and is called away, but DE shares would have to climb 16.1% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 20.2% return from this trading level, in addition to any dividends collected before the stock was called. In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company.
|
Shareholders of Deere & Co. (Symbol: DE) looking to boost their income beyond the stock's 1.9% annualized dividend yield can sell the January 2019 covered call at the $150 strike and collect the premium based on the $5.30 bid, which annualizes to an additional 2.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 4.7% annualized rate in the scenario where the stock is not called away. Below is a chart showing DE's trailing twelve month trading history, with the $150 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 covered call at the $150 strike gives good reward for the risk of having given away the upside beyond $150. For other call options contract ideas at the various different available expirations, visit the DE Stock Options page of StockOptionsChannel.com.
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9b5223c2-4639-4851-8578-816d4c811aa7
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722303.0
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2017-08-01 00:00:00 UTC
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Xylem (XYL) Tops Q2 Earnings, Lifts 2017 EPS & Revenue View
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DE
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https://www.nasdaq.com/articles/xylem-xyl-tops-q2-earnings-lifts-2017-eps-revenue-view-2017-08-01
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nan
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nan
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Premium water solutions provider, Xylem Inc.XYL reported mixed second-quarter 2017 results.
Earnings
Quarterly adjusted earnings came in at 59 cents per share, surpassing the Zacks Consensus Estimate of 57 cents. In addition, the bottom line came in higher than the year-ago tally of 48 cents per share.
Revenues
Quarterly revenues were $1,164 million, up 24.9% year over year. However, the top line missed the Zacks Consensus Estimate of $1,172 million.
Xylem Inc. Price, Consensus and EPS Surprise
Xylem Inc. Price, Consensus and EPS Surprise | Xylem Inc. Quote
Margins and Costs
Xylem's cost of revenues for the reported quarter came in at $705 million, jumping 25.2% year over year. Gross profit margin during the quarter was 39.4%, down 20 basis points (bps) year over year.
Selling, general and administrative expenses came in at $270 million compared to $227 million incurred in the year-ago period. Research and development expenses were $44 million, as against $27 million reported in the prior-year quarter.
Quarterly adjusted operating margin was 13.3%, up 30 basis points (bps) year over year.
Segmental Details
The Water Infrastructure segment generated revenues of $482 million, as against $484 million recorded in the comparable period last year.
Revenues from the Applied Water segment totaled $361 million, down from $366 million recorded in the year-ago quarter.
The company's recently formed Sensus & Analytics business segment generated revenues worth $321 million in the reported quarter, up from $82 million recorded in the year-earlier period.
Balance Sheet and Cash Flow
Xylem exited second-quarter 2017 with cash and cash equivalents of $288 million compared with $308 million as of Dec 31, 2016. Long-term debt was $2,168 million, as against $2,108 million recorded at the end of 2016.
In first-half 2017, Xylem generated cash of $151 million from operating activities compared with $125 million recorded in the prior-year period. Capital expenditure was $77 million, as against $62 million incurred in the year-ago quarter.
Outlook
Xylem raised its revenue guidance for 2017 from 4.5-$4.6 billion to the $4.65-$4.70 billion range. Notably, eliminating the impact of acquisitions and foreign currency translation, this Zacks Rank #2 (Buy) company anticipates to accrue organic revenue growth within the range of 2-3% for 2017. Moreover, it lifted its adjusted earnings guidance for the full year from $2.23-$2.38 per share to the $2.30-$2.40 per share range.
Other Key Picks
Other top-ranked stocks in the industry are listed below:
Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company DE sports a Zacks Rank #1 and has a remarkable average positive earnings surprise of 70.41% for the past four quarters.
AGCO Corporation AGCO , which also sports a Zacks Rank #1 at present, generated an average positive earnings surprise of 39.70% over the trailing four quarters.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Xylem Inc. (XYL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Premium water solutions provider, Xylem Inc.XYL reported mixed second-quarter 2017 results. Research and development expenses were $44 million, as against $27 million reported in the prior-year quarter. Segmental Details The Water Infrastructure segment generated revenues of $482 million, as against $484 million recorded in the comparable period last year.
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Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Xylem Inc. (XYL): Free Stock Analysis Report To read this article on Zacks.com click here. Premium water solutions provider, Xylem Inc.XYL reported mixed second-quarter 2017 results. Research and development expenses were $44 million, as against $27 million reported in the prior-year quarter.
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The company's recently formed Sensus & Analytics business segment generated revenues worth $321 million in the reported quarter, up from $82 million recorded in the year-earlier period. Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Xylem Inc. (XYL): Free Stock Analysis Report To read this article on Zacks.com click here. Premium water solutions provider, Xylem Inc.XYL reported mixed second-quarter 2017 results.
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In first-half 2017, Xylem generated cash of $151 million from operating activities compared with $125 million recorded in the prior-year period. Premium water solutions provider, Xylem Inc.XYL reported mixed second-quarter 2017 results. Research and development expenses were $44 million, as against $27 million reported in the prior-year quarter.
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794adf3c-3cff-4cbd-864a-3c911eef4ca2
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722304.0
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2017-08-01 00:00:00 UTC
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Milacron (MCRN) Tops Q2 Earnings & Revenues on Order Growth
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DE
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https://www.nasdaq.com/articles/milacron-mcrn-tops-q2-earnings-revenues-on-order-growth-2017-08-01
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nan
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nan
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Milacron Holdings CorpMCRN reported second-quarter fiscal 2017 adjusted earnings per share of 46 cents, a 12% increase year over year and also surpassed the Zacks Consensus Estimate of 41 cents. The improved performance was aided by continued orders and sales momentum, along with strong performance in Melt Delivery and Control Systems and Fluids businesses. Further, Advanced Plastic Processing Technologies' aftermarket business helped deliver the performance.
Including one-time items, the company reported earnings per share of 14 cents in the quarter compared with 18 cents per share in the year-ago quarter.
Operational Update
Milacron's revenues inched up 0.4% to $309 million from the year-ago quarter. Revenues beat the Zacks Consensus Estimate of $306 million. Excluding the unfavorable impact of foreign currency, sales for the quarter increased 1.4% from the prior-year quarter.
Cost of sales during the quarter went up 2.3% year over year to $205 million compared with the prior-year quarter. Gross profit declined 3% year over year to $103.8 million with gross margin contracting 120 basis points to 33.6%.
Selling, general and administrative expenses increased 1% year over year to $64.5 million. Milacron reported adjusted operating profit of $34.6 million which decreased 3% from $35.7 million in the year-ago quarter. Adjusted EBITDA went up 3.1% to $59.6 million for the quarter from $57.8 million in the prior-year quarter.
Milacron Holdings Corp. Price, Consensus and EPS Surprise
Milacron Holdings Corp. Price, Consensus and EPS Surprise | Milacron Holdings Corp. Quote
Segment Results
Advanced Plastic Processing Technologies: Net sales declined 7.1% year over year to $166 million. Excluding $0.2 million of unfavorable effects of currency movements, sales decreased 7.2% in the prior-year quarter. Adjusted EBITDA decreased 14.2% year over year to $20 million.
Melt Delivery and Control Systems: Net sales went up 12% year over year to $112 million. Excluding unfavorable influence of currency movements of $2.9 million, sales advanced 14.7% in the prior-year period. Adjusted EBITDA improved 21.5% to $40.1 million.
Fluid Technologies: Net sales went up 7% year over year to $30.5 million. Sales improved 8.7% in the prior-year period, excluding $0.6 million of unfavorable effects of currency movements. Adjusted EBITDA increased 6.2% to $6.9 million.
Financial Update
As of Jun 30, 2017, Milacron had cash and cash equivalents of $94 million compared with $130.2 million as of Dec 31, 2016. The company used $1.4 million of cash in operating activities in the first half of 2017 compared with cash inflow of $49.4 million in the prior-year comparable period. Long-term debt was $920.9 million as of Jun 30, 2017, compared with $934 million as of Dec 31, 2016.
Outlook
For fiscal 2017, Milacron reaffirmed organic sales growth guidance of 0-2%. Adjusted EBITDA is forecasted to be between $219 million and $225 million. Free Cash Flow (before restructuring) is expected to lie between $90 million and $100 million.
In the past six months, Milacron has outperformed industry . Its shares rose 7.0%, ahead of the industry's rise of 5.7%.
Milacron currently sports a Zacks Rank #2 (Buy).
Some other top-ranked stocks worth considering in the sector include AGCO Corporation AGCO , Terex Corporation TEX and Deere & Company DE . All three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has an earnings ESP of 39.70% for the trailing four quarters. Terex has an average earnings surprise of 122.61% for the last four quarters, while Deere has an average earnings surprise of 70.41% in the past four quarters.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Terex Corporation (TEX): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Milacron Holdings Corp. (MCRN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Excluding $0.2 million of unfavorable effects of currency movements, sales decreased 7.2% in the prior-year quarter. The improved performance was aided by continued orders and sales momentum, along with strong performance in Melt Delivery and Control Systems and Fluids businesses. Further, Advanced Plastic Processing Technologies' aftermarket business helped deliver the performance.
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Milacron Holdings Corp. Price, Consensus and EPS Surprise Milacron Holdings Corp. Price, Consensus and EPS Surprise | Milacron Holdings Corp. Quote Segment Results Advanced Plastic Processing Technologies: Net sales declined 7.1% year over year to $166 million. Some other top-ranked stocks worth considering in the sector include AGCO Corporation AGCO , Terex Corporation TEX and Deere & Company DE . Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Milacron Holdings Corp. (MCRN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Milacron Holdings Corp. Price, Consensus and EPS Surprise Milacron Holdings Corp. Price, Consensus and EPS Surprise | Milacron Holdings Corp. Quote Segment Results Advanced Plastic Processing Technologies: Net sales declined 7.1% year over year to $166 million. Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Milacron Holdings Corp. (MCRN): Free Stock Analysis Report To read this article on Zacks.com click here. The improved performance was aided by continued orders and sales momentum, along with strong performance in Melt Delivery and Control Systems and Fluids businesses.
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The improved performance was aided by continued orders and sales momentum, along with strong performance in Melt Delivery and Control Systems and Fluids businesses. Further, Advanced Plastic Processing Technologies' aftermarket business helped deliver the performance. Gross profit declined 3% year over year to $103.8 million with gross margin contracting 120 basis points to 33.6%.
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aa0c6dad-f0ce-49e8-83f8-d76ee7db5f5b
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722305.0
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2017-07-31 00:00:00 UTC
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Ball Corporation (BLL) Q2 Earnings: Is a Beat in the Offing?
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https://www.nasdaq.com/articles/ball-corporation-bll-q2-earnings%3A-is-a-beat-in-the-offing-2017-07-31
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We expect Ball CorporationBLL to beat estimates when it reports second-quarter 2017 results on Aug 3, before the opening bell.
Ball Corporation surpassed the Zacks Consensus Estimate in each of the trailing four quarters, generating an average positive surprise of 5.61%. In the preceding quarter, it delivered a positive earnings surprise of 11.76%. Let's see how things are shaping up for this announcement.
Ball Corporation Price and EPS Surprise
Ball Corporation Price and EPS Surprise | Ball Corporation Quote
Why a Likely Positive Surprise?
Our proven model shows that Ball Corporation is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen.
Zacks ESP: The Earnings ESP for Ball Corporation is +1.82%. This is because the Most Accurate estimate of 56 cents comes in higher than the Zacks Consensus Estimate of 55 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Ball Corporation currently carries a Zacks Rank #3. Though Ball Corporation's Zacks Rank #3 increases the predictive power of ESP, the ESP of 0.00% makes surprise prediction difficult.
Conversely, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Factors to Influence Q2 Results
In the second quarter, Ball Corporation expects that the food and aerosol segment will benefit from cost savings associated with the West Virginia metal service center closure, and anticipated growth for aluminum aerosol products. Focus on meeting rising demand and effective management of invested capital base to drive EVA dollars will fortify its global packaging businesses.
The company remains on track with free cash flow, EVA dollar and earnings per share growth, as well as cost savings targets for 2017. Further, Ball Corporation's multi-year value capture plans are on course. It will recognize majority of the $150 million of expected 2017 synergies in the second half of the year. Moreover, its cost-savings benefits in Brazil, including better operational performance, will likely boost its second-half performance. These factors will certainly drive second-quarter results.
Share Price Performance
This metal and plastic packaging manufacturer for beverages and foods has gained 18.50% over the past one year, outperforming its industry 's gain of 16.84%.
Stocks That Warrant a Look
Here are some stocks you may want to consider, as according to our model these have the right combination of elements to post an earnings beat this quarter.
Deere & Company DE , with an Earnings ESP of +5.32% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here
Regal Beloit Corporation RBC , with an Earnings ESP of +0.78% and a Zacks Rank #2.
Applied Industrial Technologies, Inc. AIT , with an Earnings ESP of +1.30% and a Zacks Rank #3.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ball Corporation (BLL): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Regal Beloit Corporation (RBC): Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Focus on meeting rising demand and effective management of invested capital base to drive EVA dollars will fortify its global packaging businesses. In the preceding quarter, it delivered a positive earnings surprise of 11.76%. Our proven model shows that Ball Corporation is likely to beat estimates this quarter.
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Click to get this free report Ball Corporation (BLL): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Regal Beloit Corporation (RBC): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report To read this article on Zacks.com click here. In the preceding quarter, it delivered a positive earnings surprise of 11.76%. Our proven model shows that Ball Corporation is likely to beat estimates this quarter.
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Click to get this free report Ball Corporation (BLL): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Regal Beloit Corporation (RBC): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report To read this article on Zacks.com click here. In the preceding quarter, it delivered a positive earnings surprise of 11.76%. Our proven model shows that Ball Corporation is likely to beat estimates this quarter.
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In the preceding quarter, it delivered a positive earnings surprise of 11.76%. Our proven model shows that Ball Corporation is likely to beat estimates this quarter. Focus on meeting rising demand and effective management of invested capital base to drive EVA dollars will fortify its global packaging businesses.
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722306.0
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2017-07-31 00:00:00 UTC
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TriMas (TRS) Q2 Earnings Beat Estimates, Affirms Guidance
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https://www.nasdaq.com/articles/trimas-trs-q2-earnings-beat-estimates-affirms-guidance-2017-07-31
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TriMas CorporationTRS posted adjusted earnings of 40 cents per share for second-quarter 2017, beating the Zacks Consensus Estimate of 36 cents. Earnings also improved 18% year over year. On a reported basis, including special items, TriMas' reported earnings of 32 cents per share in the reported quarter compared with 23 cents in the prior-year quarter.
TriMas posted revenues of $213 million for the quarter, outpacing the Zacks Consensus Estimate of $206 million. Revenues also went up 4.9% year over year. Organic growth in all four segments helped counter lower sales related to the de-emphasis of less profitable geographic regions in the Energy segment as well unfavorable currency impact.
Cost and Margins
Cost of sales rose 5.3% to $154 million in the quarter from $146 million in the year-ago quarter. Gross profit increased 4% year over year to $59.4 million. Gross margin contracted 30 basis points (bps) to 27.8%.
Selling, general and administrative expenses declined 14% year over year to $33 million. Adjusted operating profit improved 18% to $30.3 million from the prior-year quarter. Adjusted operating margin expanded 160 basis points year over year to 14.2% in the quarter.
TriMas Corporation Price, Consensus and EPS Surprise
TriMas Corporation Price, Consensus and EPS Surprise | TriMas Corporation Quote
Segment Performance
Packaging: Net sales edged up 0.7% year over year to $88.7 million, driven by sales increases in all the three end markets negated the impact of unfavorable currency exchange. Adjusted operating profit dipped 2% to $21.5 million.
Aerospace: Net sales increased 8% to $47.6 million from $44.1 million in the year-earlier quarter as a result of improved production throughput and strong order demand. The segment reported adjusted operating profit of $6.9 million, a 38% rise from $5 million in the comparable quarter last year.
Energy: Net sales improved 9% year over year to $43.5 million, benefiting from higher demand resulting from improved delivery performance. This helped offset the impact of de-emphasizing less profitable geographic regions. The segment reported adjusted operating profit of $4 million compared with $1.8 million in the year-ago quarter primarily as a result of its extensive realignment efforts and manufacturing productivity improvements.
Engineered Components: The segment reported revenues of $33.6 million, an 8% improvement from $31.2 million in the prior-year quarter, primarily owing to higher sales of oil field-related products as a result of increased oil and natural gas activity within the U. S. Adjusted operating profit improved 21% to $4.7 million due to increased sales levels and continued cost management.
Financial Performance
TriMas had cash and cash equivalents of $22.7 million as of Jun 30, 2017, compared with $20.7 million at the end of 2016. The company recorded cash from operations of $49.6 million in first-half 2017 compared with cash usage of $32.9 million recorded in the prior-year comparable period. As of quarter end, TriMas' net debt was $323.8 million, compared with $353.9 million as of Dec 31, 2016.
Guidance
TriMas reaffirmed full-year 2017 earnings per share range of $1.35-$1.45 on the back of 2-4% growth in sales compared with 2016.
TriMas' realignment efforts initiated towards the end of last year and earlier this year are starting to reap anticipated benefits. Meanwhile, the company will continue to focus on leveraging the TriMas Business Model to drive performance improvements, particularly within Aerospace and Energy segments.
Share Price Performance
In the last one year, TriMas has outperformed the industry with respect to price performance. The stock gained around 35.4%, while the industry rose 29.7%.
Zacks Rank & Other Key Picks
TriMas currently carries a Zacks Rank #2 (Buy).
Some other stocks worth considering in the sector include AGCO Corporation AGCO , Terex Corporation TEX and Deere & Company DE . All three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has an earnings ESP of 39.70% for the trailing four quarters. Terex has an average earnings surprise of 122.61% for the last four quarters, while Deere has an average earnings surprise of 70.41% in the past four quarters.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Terex Corporation (TEX): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
TriMas Corporation (TRS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, the company will continue to focus on leveraging the TriMas Business Model to drive performance improvements, particularly within Aerospace and Energy segments. Organic growth in all four segments helped counter lower sales related to the de-emphasis of less profitable geographic regions in the Energy segment as well unfavorable currency impact. Selling, general and administrative expenses declined 14% year over year to $33 million.
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Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report TriMas Corporation (TRS): Free Stock Analysis Report To read this article on Zacks.com click here. Organic growth in all four segments helped counter lower sales related to the de-emphasis of less profitable geographic regions in the Energy segment as well unfavorable currency impact. Selling, general and administrative expenses declined 14% year over year to $33 million.
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Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report TriMas Corporation (TRS): Free Stock Analysis Report To read this article on Zacks.com click here. Organic growth in all four segments helped counter lower sales related to the de-emphasis of less profitable geographic regions in the Energy segment as well unfavorable currency impact. Selling, general and administrative expenses declined 14% year over year to $33 million.
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Organic growth in all four segments helped counter lower sales related to the de-emphasis of less profitable geographic regions in the Energy segment as well unfavorable currency impact. Selling, general and administrative expenses declined 14% year over year to $33 million. Adjusted operating margin expanded 160 basis points year over year to 14.2% in the quarter.
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722307.0
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2017-07-31 00:00:00 UTC
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Will WestRock (WRK) be Able to Retain Earnings Streak in Q3?
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https://www.nasdaq.com/articles/will-westrock-wrk-be-able-to-retain-earnings-streak-in-q3-2017-07-31
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WestRock CompanyWRK , a provider of paper and packaging solutions to consumer and corrugated markets, is scheduled to report third-quarter fiscal 2017 results on Aug 3.
Last quarter, the company posted a positive surprise of 14.89%.
In fact, it delivered earnings surprises in the trailing four quarters, with an average beat of 9.79%.
Westrock Company Price and EPS Surprise
Westrock Company Price and EPS Surprise | Westrock Company Quote
Let's see how things are shaping up prior to this announcement.
Factors at Play
For the fiscal third quarter, WestRock expects sequential adjusted earnings per share higher than 54 cents achieved in the fiscal second quarter. The company guided EBITDA to lie in the range of $50-$70 million for the fiscal third quarter, which will benefit from seasonally higher volumes, favorable mix and productivity. Thus, favorable market trends and the relentless execution of its strategy will drive growth.
WestRock witnessed total commodity inflation of $125 million year over year in the fiscal second quarter. This was the result of significant increases across most of its input costs. Input cost inflation are projected to be close to $350 million for fiscal 2017 and consequently be a headwind in the fiscal third quarter as well. Additionally, pricing pressure continues to be a concern for WestRock due to industry oversupply in both containerboard and boxboard.
Earnings Whispers
Our proven model does not conclusively show that WestRock will beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: WestRock's Earnings ESP is +0.00% as the Most Accurate estimate of 47 cents is in line with the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Zacks Rank: Though WestRock's Zacks Rank #3 increases the predictive power of ESP, the ESP of 0.00% 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 negative estimate revisions.
Share Price Performance
In the past three months, shares of WestRock have outperformed the industry . The stock gained 6.7% ahead of the industry's rise of 4.3%.
Stocks That Warrant a Look
Here are some stocks you may want to consider, as according to our model these have the right combination of elements to post an earnings beat this quarter.
Deere & Company DE , with an Earnings ESP of +5.32% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Regal Beloit Corporation RBC , with an Earnings ESP of +0.78% and a Zacks Rank #2.
Applied Industrial Technologies, Inc. AIT , with an Earnings ESP of +1.30% and a Zacks Rank #3.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Regal Beloit Corporation (RBC): Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
Westrock Company (WRK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WestRock CompanyWRK , a provider of paper and packaging solutions to consumer and corrugated markets, is scheduled to report third-quarter fiscal 2017 results on Aug 3. The company guided EBITDA to lie in the range of $50-$70 million for the fiscal third quarter, which will benefit from seasonally higher volumes, favorable mix and productivity. In fact, it delivered earnings surprises in the trailing four quarters, with an average beat of 9.79%.
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report Regal Beloit Corporation (RBC): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Westrock Company (WRK): Free Stock Analysis Report To read this article on Zacks.com click here. WestRock CompanyWRK , a provider of paper and packaging solutions to consumer and corrugated markets, is scheduled to report third-quarter fiscal 2017 results on Aug 3. In fact, it delivered earnings surprises in the trailing four quarters, with an average beat of 9.79%.
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report Regal Beloit Corporation (RBC): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Westrock Company (WRK): Free Stock Analysis Report To read this article on Zacks.com click here. WestRock CompanyWRK , a provider of paper and packaging solutions to consumer and corrugated markets, is scheduled to report third-quarter fiscal 2017 results on Aug 3. In fact, it delivered earnings surprises in the trailing four quarters, with an average beat of 9.79%.
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WestRock CompanyWRK , a provider of paper and packaging solutions to consumer and corrugated markets, is scheduled to report third-quarter fiscal 2017 results on Aug 3. In fact, it delivered earnings surprises in the trailing four quarters, with an average beat of 9.79%. The company guided EBITDA to lie in the range of $50-$70 million for the fiscal third quarter, which will benefit from seasonally higher volumes, favorable mix and productivity.
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2017-07-28 00:00:00 UTC
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Can Eaton (ETN) Keep Earnings Surprise Streak Alive in Q2?
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https://www.nasdaq.com/articles/can-eaton-etn-keep-earnings-surprise-streak-alive-in-q2-2017-07-28
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Eaton CorporationETN is slated to report second-quarter 2017 financial results before the market opens on Aug 1. The power management company reported a positive earnings surprise in three out of the last four quarters, resulting in an average surprise of 3.26%.
Why a Likely Positive Surprise?
Our proven model shows that Eaton Corporation is likely to beat estimates 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 be able to beat estimates and Eaton Corporation has the right mix.
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks ESP : The company's Earnings ESP is +1.72%. This is because the Most Accurate estimate is pegged at $1.18, higher than the Zacks Consensus Estimate of $1.16. This is a meaningful and leading indicator of a likely positive surprise.
Eaton Corporation, PLC Price and EPS Surprise
Eaton Corporation, PLC Price and EPS Surprise | Eaton Corporation, PLC Quote
Zacks Rank : Eaton currently carries a Zacks Rank #2. The combination of Eaton's favorable Zacks Rank and positive ESP makes us reasonably confident of a positive surprise this season.
Conversely, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Factors to Consider
Eaton expects its earnings per share to be between $1.05 and $1.15 in second-quarter 2017. Segment margins are expected in the range of 15.2-15.6%, including restructuring costs.
To cope with the challenging environment, the company had planned a restructuring program. Eaton will continue the program and reap its benefits in the second quarter and throughout 2017.
Eaton continues to invest in research and development (R&D) activities to churn out new products and upgrade the existing ones to facilitate effective and easy power management. In addition, the improvement in its end market will result in organic growth and boost earnings.
However, foreign exchange is expected to have a negative impact on earnings in the second quarter.
Other Stocks to Consider
Apart from Eaton Corporation, one can consider a few other companies from the Sector that have the right combination of elements to post an earnings beat this quarter.
Deere & Company DE has an Earnings ESP of +5.32% and a Zacks Rank #1. It is expected to report third-quarter fiscal 2017 earnings on Aug 18. You can see the complete list of today's Zacks #1 Rank stocks here .
Ball Corporation BLL has an Earnings ESP of +1.82% and a Zacks Rank #3. It is expected to report second-quarter earnings on Aug 3.
MRC Global Inc. MRC has an Earnings ESP of +66.67% and a Zacks Rank #3. It is expected to report first-quarter earnings on Aug 3.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
Ball Corporation (BLL): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Eaton Corporation, PLC (ETN): Free Stock Analysis Report
MRC Global Inc. (MRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eaton continues to invest in research and development (R&D) activities to churn out new products and upgrade the existing ones to facilitate effective and easy power management. Other Stocks to Consider Apart from Eaton Corporation, one can consider a few other companies from the Sector that have the right combination of elements to post an earnings beat this quarter. Our proven model shows that Eaton Corporation is likely to beat estimates because it has the right combination of two key ingredients.
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Click to get this free report Ball Corporation (BLL): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Eaton Corporation, PLC (ETN): Free Stock Analysis Report MRC Global Inc. (MRC): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model shows that Eaton Corporation is likely to beat estimates because it has the right combination of two key ingredients. The combination of Eaton's favorable Zacks Rank and positive ESP makes us reasonably confident of a positive surprise this season.
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Click to get this free report Ball Corporation (BLL): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Eaton Corporation, PLC (ETN): Free Stock Analysis Report MRC Global Inc. (MRC): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model shows that Eaton Corporation is likely to beat estimates because it has the right combination of two key ingredients. The combination of Eaton's favorable Zacks Rank and positive ESP makes us reasonably confident of a positive surprise this season.
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The combination of Eaton's favorable Zacks Rank and positive ESP makes us reasonably confident of a positive surprise this season. Our proven model shows that Eaton Corporation is likely to beat estimates because it has the right combination of two key ingredients. Factors to Consider Eaton expects its earnings per share to be between $1.05 and $1.15 in second-quarter 2017.
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722309.0
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2017-07-28 00:00:00 UTC
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Eliot Finkel Investment Counsel, LLC Buys Extra Space Storage Inc, Bank of Nova Scotia, Chevron ...
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https://www.nasdaq.com/articles/eliot-finkel-investment-counsel-llc-buys-extra-space-storage-inc-bank-nova-scotia-chevron
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Eliot Finkel Investment Counsel, LLC
New Purchases: EXR , CM ,
Added Positions: BNS , CVX, HPT, GM,
Reduced Positions:PCAR, SYY, JNJ, BA,
Sold Out:ADP,
For the details of Eliot Finkel Investment Counsel, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Eliot+Finkel+Investment+Counsel%2C+LLC
These are the top 5 holdings of Eliot Finkel Investment Counsel, LLC
Norfolk Southern Corp ( NSC ) - 55,090 shares, 4.92% of the total portfolio. Shares reduced by 0.54%
Deere & Co ( DE ) - 46,820 shares, 4.25% of the total portfolio. Shares reduced by 0.4%
Sysco Corp ( SYY ) - 113,450 shares, 4.19% of the total portfolio. Shares reduced by 2%
Wells Fargo & Co ( WFC ) - 102,070 shares, 4.15% of the total portfolio. Shares reduced by 0.02%
Amgen Inc ( AMGN ) - 32,275 shares, 4.08% of the total portfolio. Shares reduced by 0.09%
New Purchase: Extra Space Storage Inc (EXR)
Eliot Finkel Investment Counsel, LLC initiated holdings in Extra Space Storage Inc. The purchase prices were between $71.79 and $80.8, with an estimated average price of $76.62. The stock is now traded at around $77.92. The impact to the portfolio due to this purchase was 1.83%. The holdings were 31,945 shares as of 2017-06-30.
New Purchase: Canadian Imperial Bank of Commerce (CM)
Eliot Finkel Investment Counsel, LLC initiated holdings in Canadian Imperial Bank of Commerce. The purchase prices were between $77.61 and $86.46, with an estimated average price of $80.85. The stock is now traded at around $86.53. The impact to the portfolio due to this purchase was 0.77%. The holdings were 12,890 shares as of 2017-06-30.
Added: Bank of Nova Scotia (BNS)
Eliot Finkel Investment Counsel, LLC added to the holdings in Bank of Nova Scotia by 114.44%. The purchase prices were between $54.5 and $61.06, with an estimated average price of $57.27. The stock is now traded at around $62.36. The impact to the portfolio due to this purchase was 1.34%. The holdings were 56,890 shares as of 2017-06-30.
Added: Chevron Corp (CVX)
Eliot Finkel Investment Counsel, LLC added to the holdings in Chevron Corp by 58.39%. The purchase prices were between $103.11 and $109.43, with an estimated average price of $105.99. The stock is now traded at around $108.12. The impact to the portfolio due to this purchase was 1.28%. The holdings were 45,285 shares as of 2017-06-30.
Sold Out: Automatic Data Processing Inc (ADP)
Eliot Finkel Investment Counsel, LLC sold out the holdings in Automatic Data Processing Inc. The sale prices were between $96.46 and $105.16, with an estimated average price of $101.22.
Warning! GuruFocus has detected 5 Warning Signs with BNS. Click here to check it out.
BNS 15-Year Financial Data
The intrinsic value of BNS
Peter Lynch Chart of BNS
Premium Members
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eliot Finkel Investment Counsel, LLC New Purchases: EXR , CM , Added Positions: BNS , CVX, HPT, GM, Reduced Positions:PCAR, SYY, JNJ, BA, Sold Out:ADP, For the details of Eliot Finkel Investment Counsel, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Eliot+Finkel+Investment+Counsel%2C+LLC These are the top 5 holdings of Eliot Finkel Investment Counsel, LLC Norfolk Southern Corp ( NSC ) - 55,090 shares, 4.92% of the total portfolio. Shares reduced by 0.54% Deere & Co ( DE ) - 46,820 shares, 4.25% of the total portfolio. The stock is now traded at around $77.92.
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Eliot Finkel Investment Counsel, LLC New Purchases: EXR , CM , Added Positions: BNS , CVX, HPT, GM, Reduced Positions:PCAR, SYY, JNJ, BA, Sold Out:ADP, For the details of Eliot Finkel Investment Counsel, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Eliot+Finkel+Investment+Counsel%2C+LLC These are the top 5 holdings of Eliot Finkel Investment Counsel, LLC Norfolk Southern Corp ( NSC ) - 55,090 shares, 4.92% of the total portfolio. Shares reduced by 0.54% Deere & Co ( DE ) - 46,820 shares, 4.25% of the total portfolio. The stock is now traded at around $77.92.
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Eliot Finkel Investment Counsel, LLC New Purchases: EXR , CM , Added Positions: BNS , CVX, HPT, GM, Reduced Positions:PCAR, SYY, JNJ, BA, Sold Out:ADP, For the details of Eliot Finkel Investment Counsel, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Eliot+Finkel+Investment+Counsel%2C+LLC These are the top 5 holdings of Eliot Finkel Investment Counsel, LLC Norfolk Southern Corp ( NSC ) - 55,090 shares, 4.92% of the total portfolio. Added: Bank of Nova Scotia (BNS) Eliot Finkel Investment Counsel, LLC added to the holdings in Bank of Nova Scotia by 114.44%. Shares reduced by 0.54% Deere & Co ( DE ) - 46,820 shares, 4.25% of the total portfolio.
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Eliot Finkel Investment Counsel, LLC New Purchases: EXR , CM , Added Positions: BNS , CVX, HPT, GM, Reduced Positions:PCAR, SYY, JNJ, BA, Sold Out:ADP, For the details of Eliot Finkel Investment Counsel, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Eliot+Finkel+Investment+Counsel%2C+LLC These are the top 5 holdings of Eliot Finkel Investment Counsel, LLC Norfolk Southern Corp ( NSC ) - 55,090 shares, 4.92% of the total portfolio. GuruFocus has detected 5 Warning Signs with BNS. Shares reduced by 0.54% Deere & Co ( DE ) - 46,820 shares, 4.25% of the total portfolio.
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5fb10055-7121-4bbd-9122-48dc30b25acb
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722310.0
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2017-07-27 00:00:00 UTC
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What's in Store for Aegion (AEGN) this Earnings Season?
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https://www.nasdaq.com/articles/whats-in-store-for-aegion-aegn-this-earnings-season-2017-07-27
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Aegion CorporationAEGN is scheduled to release second-quarter 2017 results on Aug 1, after the market closes .
Last quarter, Aegion missed earnings expectations by 5.26%. In the last four reported quarters, it surpassed earnings estimates on one occasion and missed in the other three. Nevertheless, the company recorded an average positive earnings surprise of 1.26%.
Aegion's share price movement shows that the stock has outperformed the industry 's share price performance in the past one year. Specifically, the stock has rallied 14.56% during this period, while the industry gained 10.39%.
Aegion Corp Price and EPS Surprise
Aegion Corp Price and EPS Surprise | Aegion Corp Quote
Factors Influencing Q2
Higher raw material cost and a tighter market for U.S. construction labor, which will put pressure on wages, are expected to thwart margins in the second quarter. While these costs are being passed on to the market on current big bids, the margins in backlog could be affected.
Moreover, Aegion's results will be hurt by challenges in the Canadian upstream oil market due to low oil and gas prices, and rising interest expenses. Despite these hurdles, consistent focus on labor utilization, project management and optimization of the fundamental business processes will drive results in the quarter to be reported.
Earnings Whispers
Our proven model does not conclusively show that Aegion will likely beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen. However, that is not the case here, as you will see below.
Zacks ESP: Aegion's Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 42 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Aegion currently carries a Zacks Rank #3. Although the company's rank is favorable, the 0.00% ESP makes surprise prediction difficult.
Conversely, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks That Warrant a Look
Here are some stocks you may want to consider, as according to our model these have the right combination of elements to post an earnings beat this quarter.
AGCO Corporation AGCO , with an Earnings ESP of +2.89% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company DE , with an Earnings ESP of +5.32% and a Zacks Rank #1.
AptarGroup, Inc. ATR , with an Earnings ESP of +2.06% and a Zacks Rank #2.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks 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
Aegion Corp (AEGN): Free Stock Analysis Report
AptarGroup, Inc. (ATR): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite these hurdles, consistent focus on labor utilization, project management and optimization of the fundamental business processes will drive results in the quarter to be reported. Nevertheless, the company recorded an average positive earnings surprise of 1.26%. Earnings Whispers Our proven model does not conclusively show that Aegion will likely beat earnings estimates this quarter.
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Click to get this free report Aegion Corp (AEGN): Free Stock Analysis Report AptarGroup, Inc. (ATR): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. Nevertheless, the company recorded an average positive earnings surprise of 1.26%. Despite these hurdles, consistent focus on labor utilization, project management and optimization of the fundamental business processes will drive results in the quarter to be reported.
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Click to get this free report Aegion Corp (AEGN): Free Stock Analysis Report AptarGroup, Inc. (ATR): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. Nevertheless, the company recorded an average positive earnings surprise of 1.26%. Despite these hurdles, consistent focus on labor utilization, project management and optimization of the fundamental business processes will drive results in the quarter to be reported.
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Deere & Company DE , with an Earnings ESP of +5.32% and a Zacks Rank #1. Nevertheless, the company recorded an average positive earnings surprise of 1.26%. Despite these hurdles, consistent focus on labor utilization, project management and optimization of the fundamental business processes will drive results in the quarter to be reported.
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dce6abc9-123e-4553-9c91-2d789f6c9ae9
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722311.0
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2017-07-27 00:00:00 UTC
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Emerson (EMR) to Report Q3 Earnings: Is a Beat in Store?
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https://www.nasdaq.com/articles/emerson-emr-to-report-q3-earnings%3A-is-a-beat-in-store-2017-07-27
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Emerson Electric Co.EMR is slated to report third-quarter fiscal 2017 results before the opening bell on Aug 1.
In the last reported quarter, the company's earnings were in line with the Zacks Consensus Estimate. Emerson has an average positive surprise of 4.3% over the trailing four quarters, with two beats, one miss and one in-line earnings.
We expect Emerson to score an earnings beat in the about-to-be-reported quarter.
Why a Likely Positive Surprise?
Our proven model shows an earnings beat for Emerson as it possesses the key components.
Zacks ESP:Earnings ESP for Emerson is +2.94% as the Most Accurate estimate is pegged at 70 cents, higher than the Zacks Consensus Estimate of 68 cents. A positive Zacks ESP serves as a meaningful and leading indicator of a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Emerson Electric Company Price and EPS Surprise
Emerson Electric Company Price and EPS Surprise | Emerson Electric Company Quote
Zacks Rank: Emerson has a Zacks Rank #3 (Hold). Note that stocks with Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 have a significantly higher chance of beating earnings estimates.
Conversely, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
The favorable combination of Emerson's Zacks Rank #3 and +2.94% ESP makes us reasonably confident of a positive earnings beat.
Growth Factors this Past Factor
Emerson continues to benefit from global infrastructure growth. Its core businesses hold dominant positions in markets tied to energy efficiency and infrastructure spending. Particularly, the Commercial & Residential Solutions segment is expected to act as a major catalyst for the soon-to-be-reported quarter, fueled by improving trends in the U.S. and Asian construction markets.
Favorable trends in power, life sciences and improving MRO spending by oil and gas are expected to raise the top line for the quarter under review. Also, Emerson's restructuring efforts, undertaken over the past few quarters, are likely to boost upcoming results. During the fiscal year, Emerson has offloaded three of its businesses - Network Power, Leroy-Somer and Control Techniques - and generated $5.2 billion in proceeds.
These restructuring actions better equips Emerson to cross-leverage its remaining portfolio and navigate between businesses. We believe the streamlined business structure will be conducive to earnings and margin expansion during the fiscal third quarter. During the previous quarter, Emerson's total segment and EBIT margin increased 40 basis points (bps) and 30 bps, respectively, on a year-over-year basis, on the back of restructuring actions.
This apart, the company is likely to see inorganic growth on the recent Pentair Valves & Controls buyout. Other acquisitions including Locus Traxx, PakSense and Blending & Transfer Systems business of FMC Technologies are expected to drive third-quarter fiscal sales as well.
Other Stocks to Consider
Here are some other companies that you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat this quarter:
Deere & Company DE has an Earnings ESP of +5.32% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Barnes Group Inc. B has an Earnings ESP of +1.45% and a Zacks Rank #2.
Eaton Corporation plc ETN has an Earnings ESP of +1.72% and a Zacks Rank #2.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
See these stocks 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
Emerson Electric Company (EMR): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Eaton Corporation, PLC (ETN): Free Stock Analysis Report
Barnes Group, Inc. (B): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly, the Commercial & Residential Solutions segment is expected to act as a major catalyst for the soon-to-be-reported quarter, fueled by improving trends in the U.S. and Asian construction markets. Our proven model shows an earnings beat for Emerson as it possesses the key components. The favorable combination of Emerson's Zacks Rank #3 and +2.94% ESP makes us reasonably confident of a positive earnings beat.
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Other Stocks to Consider Here are some other companies that you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.32% and a Zacks Rank #1. Click to get this free report Emerson Electric Company (EMR): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Eaton Corporation, PLC (ETN): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model shows an earnings beat for Emerson as it possesses the key components.
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Other Stocks to Consider Here are some other companies that you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.32% and a Zacks Rank #1. Click to get this free report Emerson Electric Company (EMR): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Eaton Corporation, PLC (ETN): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model shows an earnings beat for Emerson as it possesses the key components.
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The favorable combination of Emerson's Zacks Rank #3 and +2.94% ESP makes us reasonably confident of a positive earnings beat. Other Stocks to Consider Here are some other companies that you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.32% and a Zacks Rank #1. Our proven model shows an earnings beat for Emerson as it possesses the key components.
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8fed5edb-a017-428b-98c4-6d0ec044fd1a
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722312.0
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2017-07-27 00:00:00 UTC
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Strength Seen in iRobot (IRBT): Stock Soars 21.15%
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https://www.nasdaq.com/articles/strength-seen-in-irobot-irbt%3A-stock-soars-21.15-2017-07-27
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iRobot CorporationIRBT was a big mover last session, as the company saw its shares rise over 21% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $80.54 to $92.47 in the past one month time frame.
The move came after the company reported solid second-quarter 2017 results. At the same time, the company also announced the completion of an acquisition to increase its international presence.
The company has not seen any to estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
iRobot currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
iRobot Corporation Price and EPS Surprise
iRobot Corporation Price and EPS Surprise | iRobot Corporation Quote
A better-ranked stock in the Industrial Products sector is Deere & Company DE , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Is DE going up? Or down? Predict to see what others think: Up or Down
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks 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
iRobot Corporation (IRBT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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iRobot Corporation Price and EPS Surprise iRobot Corporation Price and EPS Surprise | iRobot Corporation Quote A better-ranked stock in the Industrial Products sector is Deere & Company DE , which currently carries a Zacks Rank #1 (Strong Buy). Is DE going up? Despite all the innovation, there is a single component no tech company can survive without.
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iRobot Corporation Price and EPS Surprise iRobot Corporation Price and EPS Surprise | iRobot Corporation Quote A better-ranked stock in the Industrial Products sector is Deere & Company DE , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Is DE going up?
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iRobot Corporation Price and EPS Surprise iRobot Corporation Price and EPS Surprise | iRobot Corporation Quote A better-ranked stock in the Industrial Products sector is Deere & Company DE , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Is DE going up?
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iRobot Corporation Price and EPS Surprise iRobot Corporation Price and EPS Surprise | iRobot Corporation Quote A better-ranked stock in the Industrial Products sector is Deere & Company DE , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Is DE going up?
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ac4b1d0f-50a3-4a38-bec8-360b26fdbd36
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722313.0
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2017-07-26 00:00:00 UTC
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iRobot (IRBT) Tops Q2 Earnings & Revenues, Raises 2017 View
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https://www.nasdaq.com/articles/irobot-irbt-tops-q2-earnings-revenues-raises-2017-view-2017-07-26
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Premium consumer technology company, iRobot CorporationIRBT reported better-than-expected results for second-quarter 2017.
This Zacks Rank #3 (Hold) stock also raised its full-year 2017 guidance as it sees encouraging prospects for business in the U.S. as well as the Europe, Middle East and Africa (EMEA) in the near term.
Earnings and Revenues
Quarterly adjusted earnings came in at 27 cents per share, handily beating the Zacks Consensus Estimate of 25 cents. The bottom line also came in higher than the year-ago quarter tally of 17 cents per share.
Quarterly revenues came in at $183.1 million, comfortably surpassing the Zacks Consensus Estimate of $176 million. In addition, the top line came 23.2% higher than the prior-year quarter figure.
iRobot Corporation Price, Consensus and EPS Surprise
iRobot Corporation Price, Consensus and EPS Surprise | iRobot Corporation Quote
Costs and Margins
Cost of sales in the reported quarter was $93.3 million, up 18% year over year. Gross profit margin in the reported quarter came in at 49.1%, expanding 230 basis points (bps) year over year.
Total operating expenses were $85.8 million, up 34.5% year over year.
Operating margin came in at 2.2% compared with 3.9% recorded in the year-ago period.
Segmental Information
On Apr 4, 2016, iRobot successfully completed the divestiture of its Defense & Security business to solely focus on its Consumer business.
In second-quarter 2017, the company's Consumer business generated revenues worth $183.1 million, up 23.7% year over year. This upswing was stemmed by robust sales of the company's home robotic products across all (especially Roomba 652) major end markets.
Total units shipped in the quarter came in at 749,000, up from 674,000 shipped in second-quarter 2016.
Balance Sheet and Cash Flow
iRobot exited the quarter under review with cash and cash equivalents of $220.2 million, up from $214.5 million recorded in Dec 31, 2016. Long-term liabilities were $6.3 million, nearly flat with the figure recorded at the end of 2016.
At the end of the second quarter, iRobot generated net cash of $32.8 million from operating activities as against $35.6 million generated in the year-earlier period. Capital expenditure was $13.3 million on Jul 1, 2017, compared to $4.9 million recorded at the end of second-quarter 2016.
Outlook
iRobot raised its revenue guidance for full-year 2017 from $780-$790 million to $815-$825 million (estimating a year-over-year increment of 24-26%). Furthermore, the company lifted its full-year earnings guidance from $1.45-$1.70 per share to the $1.80-$2.00 per share range. However, the company noted that the revised guidance does not include the impact of its planned Robopolis acquisition, which is likely to close by fourth-quarter 2017. Notably, iRobot mentioned that it plans to fund several new product innovation projects with the incremental profitability.
Key Picks
A few better-ranked stocks in the industry are listed below:
Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently boasts a Zacks Rank #1 (Strong Buy). You can see see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company DE sports a Zacks Rank #1 and has an average positive earnings surprise of 70.41% for the past four quarters.
AGCO Corporation AGCO , which also boasts a Zacks Rank #1 at present, generated an average positive earnings surprise of 40.39% over the trailing four quarters.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
iRobot Corporation (IRBT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Operating margin came in at 2.2% compared with 3.9% recorded in the year-ago period. Segmental Information On Apr 4, 2016, iRobot successfully completed the divestiture of its Defense & Security business to solely focus on its Consumer business. Balance Sheet and Cash Flow iRobot exited the quarter under review with cash and cash equivalents of $220.2 million, up from $214.5 million recorded in Dec 31, 2016.
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Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report iRobot Corporation (IRBT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. Operating margin came in at 2.2% compared with 3.9% recorded in the year-ago period. Segmental Information On Apr 4, 2016, iRobot successfully completed the divestiture of its Defense & Security business to solely focus on its Consumer business.
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Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report iRobot Corporation (IRBT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. Operating margin came in at 2.2% compared with 3.9% recorded in the year-ago period. Segmental Information On Apr 4, 2016, iRobot successfully completed the divestiture of its Defense & Security business to solely focus on its Consumer business.
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Operating margin came in at 2.2% compared with 3.9% recorded in the year-ago period. Segmental Information On Apr 4, 2016, iRobot successfully completed the divestiture of its Defense & Security business to solely focus on its Consumer business. Balance Sheet and Cash Flow iRobot exited the quarter under review with cash and cash equivalents of $220.2 million, up from $214.5 million recorded in Dec 31, 2016.
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51f2e46a-a424-43e3-99fe-d4e3d987159a
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722314.0
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2017-07-26 00:00:00 UTC
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What's in the Offing for Owens-Illinois (OI) in Q2 Earnings?
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https://www.nasdaq.com/articles/whats-in-the-offing-for-owens-illinois-oi-in-q2-earnings-2017-07-26
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Owens-Illinois, Inc.OI is scheduled to report second-quarter 2017 results after the market closes on Jul 31.
Last quarter, the company's earnings beat the Zacks Consensus Estimate by 9.43%. Owens-Illinois surpassed the Zacks Consensus Estimate in each of the trailing four quarters, generating an average positive surprise of 5.92%.
Let's see how things are shaping up prior to this announcement.
Owens-Illinois, Inc. Price and EPS Surprise
Owens-Illinois, Inc. Price and EPS Surprise | Owens-Illinois, Inc. Quote
Factors to Consider
Owens-Illinois remains on track to achieve the company's financial targets, including volume growth, margin, adjusted earnings, cash flow and deleveraging. In first-quarter 2017, the company began to deploy new customer relationship management tools which will help enhance effectiveness in customer service, increase its ability to grow with existing customers and develop new business.
Importantly, Owens-Illinois projects that sales volume in Brazil will begin to recover in second-quarter 2017. In Europe, sales volumes are projected to be flat in the second quarter, due, in part, the adjustment of the extra shipping day that benefited the first-quarter sales. Price/cost spread for Europe is likely to remain nearly flat through the rest of the year, a positive outcome since this has weighed on earnings over the last several years. Overall, the company anticipates higher earnings and margin expansion for Europe in second-quarter 2017.
However, Owens-Illinois remains concerned about the uncertainty in macroeconomic conditions and currency rates, as well as several other factors. Currency is expected to be a 1 cent headwind in the second quarter. The company's results in the to-be-reported quarter might be a bit muted due to planned investments in the joint venture as well as in the core business.
Further, Owens-Illinois expects tax rate to be about 27% in the second quarter. This is substantially higher than the first-quarter rate and the rate reported in prior-year quarter and is expected to mar results in the quarter to be reported.
Earnings Whispers
Our proven model does not conclusively show that Owens-Illinois is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here, as you will see below:
Zacks ESP: The Earnings ESP for Owens-Illinois is 0.00%. This is because the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at 67 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Owens-Illinois currently has a Zacks Rank #2 (Buy) which increases the predictive power of ESP. However, the company's ESP of 0.00% makes surprise prediction difficult.
Conversely, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Share Price Performance
The company's share price has outperformed its industry 's performance over the last one year. The current rate of return for the industry is 23.03%, while that of Owens-Illinois is 28.95%.
Stocks That Warrant a Look
Here are some stocks you may want to consider, as according to our model these have the right combination of elements to post an earnings beat this quarter.
AGCO Corporation AGCO , with an Earnings ESP of +2.89% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company DE , with an Earnings ESP of +5.32% and a Zacks Rank #1.
AptarGroup, Inc. ATR , with an Earnings ESP of +2.06% and a Zacks Rank #2.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
AptarGroup, Inc. (ATR): Free Stock Analysis Report
Owens-Illinois, Inc. (OI): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Owens-Illinois, Inc. Price and EPS Surprise Owens-Illinois, Inc. Price and EPS Surprise | Owens-Illinois, Inc. Quote Factors to Consider Owens-Illinois remains on track to achieve the company's financial targets, including volume growth, margin, adjusted earnings, cash flow and deleveraging. In first-quarter 2017, the company began to deploy new customer relationship management tools which will help enhance effectiveness in customer service, increase its ability to grow with existing customers and develop new business. Earnings Whispers Our proven model does not conclusively show that Owens-Illinois is likely to beat estimates this quarter.
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Owens-Illinois, Inc. Price and EPS Surprise Owens-Illinois, Inc. Price and EPS Surprise | Owens-Illinois, Inc. Quote Factors to Consider Owens-Illinois remains on track to achieve the company's financial targets, including volume growth, margin, adjusted earnings, cash flow and deleveraging. Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. In first-quarter 2017, the company began to deploy new customer relationship management tools which will help enhance effectiveness in customer service, increase its ability to grow with existing customers and develop new business.
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Owens-Illinois, Inc. Price and EPS Surprise Owens-Illinois, Inc. Price and EPS Surprise | Owens-Illinois, Inc. Quote Factors to Consider Owens-Illinois remains on track to achieve the company's financial targets, including volume growth, margin, adjusted earnings, cash flow and deleveraging. Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. In first-quarter 2017, the company began to deploy new customer relationship management tools which will help enhance effectiveness in customer service, increase its ability to grow with existing customers and develop new business.
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Owens-Illinois, Inc. Price and EPS Surprise Owens-Illinois, Inc. Price and EPS Surprise | Owens-Illinois, Inc. Quote Factors to Consider Owens-Illinois remains on track to achieve the company's financial targets, including volume growth, margin, adjusted earnings, cash flow and deleveraging. In first-quarter 2017, the company began to deploy new customer relationship management tools which will help enhance effectiveness in customer service, increase its ability to grow with existing customers and develop new business. Earnings Whispers Our proven model does not conclusively show that Owens-Illinois is likely to beat estimates this quarter.
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8d65d1db-f365-4cd5-adac-4d459d39a3ff
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722315.0
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2017-07-26 00:00:00 UTC
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Will Barnes Group (B) Keep Earnings Streak Alive in Q2?
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DE
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https://www.nasdaq.com/articles/will-barnes-group-b-keep-earnings-streak-alive-in-q2-2017-07-26
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nan
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nan
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Machinery company Barnes Group Inc.B is set to release second-quarter 2017 results on Jul 28, before the market opens.
The company's financial performance in the last four quarters was impressive, with better-than-expected results in each. Average earnings surprise was a positive 8.94%. Notably, in the last quarter, the company's earnings of 71 cents per share topped the Zacks Consensus Estimate by 18.33%. We believe that sound financial performance and growth prospects have lifted investor sentiments for the company. In the last three months, the company's shares have yielded 13.18% return, outperforming the gain of 2.39% recorded by the industry it belongs to.
Let us see whether Barnes Group will be able to maintain its earnings streak this quarter.
Why a Likely Positive Surprise?
Our proven model shows that Barnes Group will likely pull a surprise this quarter. This is because the company has the combination of two key ingredients for a possible earnings beat - a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks ESP: Barnes Group has an ESP of +1.45% for the quarter. This is because the Most Accurate estimate of 70 cents is higher than the Zacks Consensus Estimate of 69 cents.
Barnes Group, Inc. Price and EPS Surprise
Barnes Group, Inc. Price and EPS Surprise | Barnes Group, Inc. Quote
Zacks Rank: Barnes Group's Zacks Rank #2 increases the predictive power of ESP. Moreover, its positive ESP makes us reasonably confident of an earnings beat.
Notably, we caution against stocks with Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
What is Driving the Better-than-Expected Earnings?
We believe that operating conditions in the industry have been favorable for machinery companies in the quarter. Notably, industrial production - a measure of the level of output of manufacturing, mining and utilities sectors in a country - grew at an annual rate of 4.7% in the second quarter, driven by impressive growth in mining and utilities. New orders for U.S.-manufactured machinery increased 4.6% in the first five months of 2017. Such positives should positively impact Barnes Group's industrial business.
Also, governmental policies supporting better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will boost Barnes Group's businesses in the quarter. Efforts of business expansion in international markets, investments for innovation and new product development, effective supply chain and logistics, and enhancement of operational excellence might be other drivers.
Barnes Group's inorganic initiatives, especially the acquired assets of FOBOHA (Aug 2016), will be beneficial in the quarter. In the second quarter, the company acquired the privately held Gammaflux L.P. This buyout will boost the company's Molding Solution's businesses.
Other Stocks to Consider
Here are some companies in the industry you may want to consider, as they have the right combination of elements to post an earnings beat this quarter, according to our model.
AGCO Corporation AGCO , with an Earnings ESP of +2.89% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company DE , with an Earnings ESP of +5.32% and a Zacks Rank #1.
Flowserve Corporation FLS , with an Earnings ESP of +4.55% and a Zacks Rank #3.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Flowserve Corporation (FLS): Free Stock Analysis Report
Barnes Group, Inc. (B): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also, governmental policies supporting better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will boost Barnes Group's businesses in the quarter. Efforts of business expansion in international markets, investments for innovation and new product development, effective supply chain and logistics, and enhancement of operational excellence might be other drivers. In the last three months, the company's shares have yielded 13.18% return, outperforming the gain of 2.39% recorded by the industry it belongs to.
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Flowserve Corporation (FLS): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report To read this article on Zacks.com click here. In the last three months, the company's shares have yielded 13.18% return, outperforming the gain of 2.39% recorded by the industry it belongs to. Our proven model shows that Barnes Group will likely pull a surprise this quarter.
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Flowserve Corporation (FLS): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report To read this article on Zacks.com click here. In the last three months, the company's shares have yielded 13.18% return, outperforming the gain of 2.39% recorded by the industry it belongs to. Our proven model shows that Barnes Group will likely pull a surprise this quarter.
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In the last three months, the company's shares have yielded 13.18% return, outperforming the gain of 2.39% recorded by the industry it belongs to. Our proven model shows that Barnes Group will likely pull a surprise this quarter. Moreover, its positive ESP makes us reasonably confident of an earnings beat.
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35547c04-b0ac-4d10-b21e-1737e996b085
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722316.0
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2017-07-25 00:00:00 UTC
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Can A.O. Smith (AOS) Keep its Earnings Streak Alive in Q2?
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DE
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https://www.nasdaq.com/articles/can-a.o.-smith-aos-keep-its-earnings-streak-alive-in-q2-2017-07-25
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nan
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nan
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A. O. Smith CorporationAOS is scheduled to report second-quarter 2017 results before the opening bell on Jul 26.
With a string of earnings beats over the past 22 quarters, the company's surprise history is quite spectacular. Last quarter, it posted a positive earnings surprise of 6.4%. The stock boasts an average positive surprise of 4.9% over the past four quarters.
Let's see how things are shaping up for this announcement and whether A. O. Smith is set to add yet another earnings beat to its winning streak.
Factors to Consider
A.O. Smith's thriving residential and commercial boiler businesses have consistently raised the top and bottom line over the past several quarters. We believe the stellar demand for its products in China and boilers and commercial water heaters in the U.S. will prove conducive to its sales performance. Factors, including an increasing number of households, thriving replacement market, geographic expansion and improved product mix are likely to act as tailwinds for China.
A.O. Smith's sales of residential and commercial boilers are largely driven by innovation by Lochinvar. Lochinvar-branded products have benefited from the transition from lower-efficiency to higher-efficiency boilers, new product introduction and market share gain. During first-quarter 2017, Lochinvar-branded products grew 5%, led by strong demand for water heater and modest growth in boilers. This trend is likely to continue for the second quarter as well.
This apart, we believe the Aquasana buyout, which was completed last year, has helped A.O. Smith to cross-sell water treatment products in China. As a matter of fact, for full-year 2017, the company anticipates Aquasana sales to lie within the band of $55-60 million, proving accretive to earnings growth.
Despite these positives, the company has been witnessing a rise in overall operating expenses over the past few quarters. High selling and administrative expenses to support the development of innovative products and quality improvement are expected to hurt second-quarter margins.
Moreover, escalating capital expenditures, in relation to capacity expansion in China and ERP implementation initiatives, are likely to remain an overhang. Also, currency headwinds that have been eroding A.O. Smith's sales of late, are a concern.
Earnings Whispers
Our proven model does not conclusively show that A. O. Smith will beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here as you will see below:
Zacks ESP: Earnings ESP for the company is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 53 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Smith (A.O.) Corporation Price and EPS Surprise
Smith (A.O.) Corporation Price and EPS Surprise | Smith (A.O.) Corporation Quote
Zacks Rank: A. O. Smith has a Zacks Rank #2. Though Zacks Rank #1, 2 and 3 increase the predictive power of the ESP, the company's ESP of 0.00% makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks That Warrant a Look
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter.
AGCO Corporation AGCO has an Earnings ESP of +2.89% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Deere & Company DE has an Earnings ESP of +5.32% and a Zacks Rank #1.
Eaton Corporation plc ETN has an Earnings ESP of +1.72% and a Zacks Rank #2.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks 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
Smith (A.O.) Corporation (AOS): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Eaton Corporation, PLC (ETN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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High selling and administrative expenses to support the development of innovative products and quality improvement are expected to hurt second-quarter margins. Factors to Consider A.O. Smith's thriving residential and commercial boiler businesses have consistently raised the top and bottom line over the past several quarters.
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Corporation (AOS): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Eaton Corporation, PLC (ETN): Free Stock Analysis Report To read this article on Zacks.com click here. Factors to Consider A.O. Smith's thriving residential and commercial boiler businesses have consistently raised the top and bottom line over the past several quarters.
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Corporation (AOS): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Eaton Corporation, PLC (ETN): Free Stock Analysis Report To read this article on Zacks.com click here. Factors to Consider A.O. Smith's thriving residential and commercial boiler businesses have consistently raised the top and bottom line over the past several quarters.
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Factors to Consider A.O. Smith's thriving residential and commercial boiler businesses have consistently raised the top and bottom line over the past several quarters. We believe the stellar demand for its products in China and boilers and commercial water heaters in the U.S. will prove conducive to its sales performance.
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bfd67665-1461-4f3b-93c6-8d02b0d8ff94
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722317.0
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2017-07-25 00:00:00 UTC
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Noteworthy Tuesday Option Activity: DE, JNJ, RIG
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DE
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity-de-jnj-rig-2017-07-25
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Deere & Co. (Symbol: DE), where a total of 9,895 contracts have traded so far, representing approximately 989,500 underlying shares. That amounts to about 47.9% of DE's average daily trading volume over the past month of 2.1 million shares. Especially high volume was seen for the $120 strike put option expiring September 15, 2017 , with 2,628 contracts trading so far today, representing approximately 262,800 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $120 strike highlighted in orange:
Johnson & Johnson (Symbol: JNJ) options are showing a volume of 24,893 contracts thus far today. That number of contracts represents approximately 2.5 million underlying shares, working out to a sizeable 45.6% of JNJ's average daily trading volume over the past month, of 5.5 million shares. Particularly high volume was seen for the $128 strike put option expiring August 18, 2017 , with 5,661 contracts trading so far today, representing approximately 566,100 underlying shares of JNJ. Below is a chart showing JNJ's trailing twelve month trading history, with the $128 strike highlighted in orange:
And Transocean Ltd (Symbol: RIG) options are showing a volume of 57,481 contracts thus far today. That number of contracts represents approximately 5.7 million underlying shares, working out to a sizeable 44.9% of RIG's average daily trading volume over the past month, of 12.8 million shares. Especially high volume was seen for the $9.50 strike call option expiring August 18, 2017 , with 27,254 contracts trading so far today, representing approximately 2.7 million underlying shares of RIG. Below is a chart showing RIG's trailing twelve month trading history, with the $9.50 strike highlighted in orange:
For the various different available expirations for DE options , JNJ options , or RIG options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $120 strike put option expiring September 15, 2017 , with 2,628 contracts trading so far today, representing approximately 262,800 underlying shares of DE. Particularly high volume was seen for the $128 strike put option expiring August 18, 2017 , with 5,661 contracts trading so far today, representing approximately 566,100 underlying shares of JNJ. Especially high volume was seen for the $9.50 strike call option expiring August 18, 2017 , with 27,254 contracts trading so far today, representing approximately 2.7 million underlying shares of RIG.
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Below is a chart showing DE's trailing twelve month trading history, with the $120 strike highlighted in orange: Johnson & Johnson (Symbol: JNJ) options are showing a volume of 24,893 contracts thus far today. That number of contracts represents approximately 2.5 million underlying shares, working out to a sizeable 45.6% of JNJ's average daily trading volume over the past month, of 5.5 million shares. That number of contracts represents approximately 5.7 million underlying shares, working out to a sizeable 44.9% of RIG's average daily trading volume over the past month, of 12.8 million shares.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Deere & Co. (Symbol: DE), where a total of 9,895 contracts have traded so far, representing approximately 989,500 underlying shares. That number of contracts represents approximately 2.5 million underlying shares, working out to a sizeable 45.6% of JNJ's average daily trading volume over the past month, of 5.5 million shares. Especially high volume was seen for the $9.50 strike call option expiring August 18, 2017 , with 27,254 contracts trading so far today, representing approximately 2.7 million underlying shares of RIG.
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Especially high volume was seen for the $120 strike put option expiring September 15, 2017 , with 2,628 contracts trading so far today, representing approximately 262,800 underlying shares of DE. Especially high volume was seen for the $9.50 strike call option expiring August 18, 2017 , with 27,254 contracts trading so far today, representing approximately 2.7 million underlying shares of RIG. Below is a chart showing RIG's trailing twelve month trading history, with the $9.50 strike highlighted in orange: For the various different available expirations for DE options , JNJ options , or RIG options , visit StockOptionsChannel.com.
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010e63f0-e541-4e5c-93d7-221051d771cd
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722318.0
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2017-07-25 00:00:00 UTC
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A Seasonal Stress Test
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DE
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https://www.nasdaq.com/articles/seasonal-stress-test-2017-07-25
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nan
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nan
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The editors are in agreement that we've had a decent-to-good start to this earnings season. However, business is about to pick up in a big way this week with more than 1,000 companies reporting. It will be a great test to see if this season has what it takes to launch the market on its next leg higher.
"(A)s I've mentioned before, over the last 8 ½ years, the average gain for the S&P during earnings season has been more than 2%. And I'm expecting more of the same again this year," said Kevin Matras in Options Trader .
This week began with a rather lackluster start, except for the good old NASDAQ. The index's 10-session winning streak may have been snapped on Friday, but today it put together its 11th rise in 12 days with a gain of 0.36% to 6410.8. The other two indices tried to overcome early weakness, but both came up short. The S&P was down 0.11% today to 2469.9 and the Dow declined 0.31% to 21,513.2.
The portfolios may not have made many moves today, but that will change as the reports start rolling in. There are other events this week that could have an impact as well, including an FOMC rate decision on Wednesday and a GDP report on Friday. For right now though, take a look at the highlights section below for a couple of swaps in Black Box Trader , a big winner for Momentum Trader and an area with exceptional growth potential that you may never have considered in Zacks Confidential .
Today's Portfolio Highlights:
Black Box Trader: This week's adjustment involved two swaps. The portfolio got out of Vishay Intertechnology (VSH, +2.7%) and Deere & Co. (DE). The new buys that replaced those sells were Boeing Co. (BA) and Century Aluminum (CENX). Read the Black Box Trader's Guide to learn more about this computer-driven service designed to take the emotion out of investing.
Momentum Trader: Usually, Dave sells ahead of earnings reports, but he made an exception with PetMed Express (PETS) given the small exposure. And it's a good thing he did! The pet pharmacy company recently beat on both the top and bottom lines in its fiscal first quarter, sending the stock higher by nearly 18.3% on Monday. Therefore, MT had the best-performing stock from all the portfolios today.
Zacks Confidential: One area that provides investors with exceptional growth potential is...genome editing. Genome editing? If you've never heard of it, then you should really read this week's Zacks Confidential . Not only does this science hold limitless possibilities to treat and maybe even cure diseases, but it also holds plenty of promise for investors. As editor of Healthcare Innovators , Kevin Cook is uniquely qualified to talk about this innovation, which is why Steve handed him the keys to ZC. Read his detailed analysis of this space and get four ideas with long-term promise by clicking: Gene Editing: How to Invest.
Large-Cap Trader:"In the Global Week Ahead, pay attention to three U.S. catalysts.
"First off, this will be the biggest earnings week of the Q2 season. There's plenty of room for a lousy report. But there are so many, it may get washed out quickly.
"Second, on Wednesday, the latest FOMC statement hits the tape. Watch out for market-moving comments about recent weak inflation data.
"Third and finally, traders close out the week with a Friday 1st estimate of U.S. Q2 GDP growth. If Q2 doesn't beat up on Q1, that would be considered a stumble." -- John Blank
All the Best,
Jim Giaquinto
Recommendations from Zacks' Private Portfolios:
Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Momentum Trader: Usually, Dave sells ahead of earnings reports, but he made an exception with PetMed Express (PETS) given the small exposure. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). The editors are in agreement that we've had a decent-to-good start to this earnings season.
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For right now though, take a look at the highlights section below for a couple of swaps in Black Box Trader , a big winner for Momentum Trader and an area with exceptional growth potential that you may never have considered in Zacks Confidential . Zacks Confidential: One area that provides investors with exceptional growth potential is...genome editing. The editors are in agreement that we've had a decent-to-good start to this earnings season.
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For right now though, take a look at the highlights section below for a couple of swaps in Black Box Trader , a big winner for Momentum Trader and an area with exceptional growth potential that you may never have considered in Zacks Confidential . Today's Portfolio Highlights: Black Box Trader: This week's adjustment involved two swaps. The editors are in agreement that we've had a decent-to-good start to this earnings season.
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For right now though, take a look at the highlights section below for a couple of swaps in Black Box Trader , a big winner for Momentum Trader and an area with exceptional growth potential that you may never have considered in Zacks Confidential . The editors are in agreement that we've had a decent-to-good start to this earnings season. And I'm expecting more of the same again this year," said Kevin Matras in Options Trader .
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722319.0
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2017-07-21 00:00:00 UTC
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Consumer Sector Update for 07/21/2017: EROS,SITE,DE,ALV
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DE
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https://www.nasdaq.com/articles/consumer-sector-update-07212017-erossitedealv-2017-07-21
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nan
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nan
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Top Consumer Stocks
WMT +0.16%
MCD -0.21%
DIS -0.28%
CVS -0.19%
KO +0.36%
Consumer stocks still were narrowly mixed in late trade this afternoon, with shares of consumer staples companies in the S&P 500 climbing almost 0.2% while shares of consumer discretionary firms in the S&P 500 were posting a nearly 0.1% decrease.
In company news, Eros International ( EROS ) remained lower shortly before Friday's closing bell, recovering somewhat from a mid-day, 22% decline that briefly triggered a trading halt earlier this afternoon.
Shares of the Bollywood film distributor had been trading about 7% lower at $12.60 apiece in light trade only to quickly drop near the session low of $10.55 a share, tripping automatic market circuit-breakers that paused trading in a bid to limit volatility. The stock almost as quickly rebounded to its prior range and later climbed to within 1% of its break-even mark before drifting south again.
In other sector news,
(+) SITE, Launches secondary offering of 5.44 mln shares now held by CD&R Landscape Holdings, an affiliate of Clayton, Dubilier & Rice, LLC, and Deere & Company ( DE ).
(-) ALV, Non-GAAP EPS of $1.44 declines from $1.75 per share in year-ago period and missing Street view by a penny. Total revenue falls to $2.54 bln, also lagging the $2.57 bln analyst mean.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The stock almost as quickly rebounded to its prior range and later climbed to within 1% of its break-even mark before drifting south again. In other sector news, (+) SITE, Launches secondary offering of 5.44 mln shares now held by CD&R Landscape Holdings, an affiliate of Clayton, Dubilier & Rice, LLC, and Deere & Company ( DE ). (-) ALV, Non-GAAP EPS of $1.44 declines from $1.75 per share in year-ago period and missing Street view by a penny.
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In company news, Eros International ( EROS ) remained lower shortly before Friday's closing bell, recovering somewhat from a mid-day, 22% decline that briefly triggered a trading halt earlier this afternoon. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Consumer stocks still were narrowly mixed in late trade this afternoon, with shares of consumer staples companies in the S&P 500 climbing almost 0.2% while shares of consumer discretionary firms in the S&P 500 were posting a nearly 0.1% decrease.
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Consumer stocks still were narrowly mixed in late trade this afternoon, with shares of consumer staples companies in the S&P 500 climbing almost 0.2% while shares of consumer discretionary firms in the S&P 500 were posting a nearly 0.1% decrease. Shares of the Bollywood film distributor had been trading about 7% lower at $12.60 apiece in light trade only to quickly drop near the session low of $10.55 a share, tripping automatic market circuit-breakers that paused trading in a bid to limit volatility. In company news, Eros International ( EROS ) remained lower shortly before Friday's closing bell, recovering somewhat from a mid-day, 22% decline that briefly triggered a trading halt earlier this afternoon.
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Consumer stocks still were narrowly mixed in late trade this afternoon, with shares of consumer staples companies in the S&P 500 climbing almost 0.2% while shares of consumer discretionary firms in the S&P 500 were posting a nearly 0.1% decrease. In company news, Eros International ( EROS ) remained lower shortly before Friday's closing bell, recovering somewhat from a mid-day, 22% decline that briefly triggered a trading halt earlier this afternoon. The stock almost as quickly rebounded to its prior range and later climbed to within 1% of its break-even mark before drifting south again.
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5db9a76c-f019-4596-8247-d7a76997a10b
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722320.0
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2017-07-19 00:00:00 UTC
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MRC Global Combats Industry Headwinds with Growth Drivers
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https://www.nasdaq.com/articles/mrc-global-combats-industry-headwinds-with-growth-drivers-2017-07-19
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On Jul 18, Zacks Investment Research downgraded MRC Global Inc.MRC to a Zacks Rank #3 (Hold) from a Zacks Rank #2 (Buy). Going by the Zacks model, companies holding a Zacks Rank #3 have high chances of performing in line with the broader market in the quarters ahead.
On a month-to-date basis, this stock yielded a return of 1.76%, underperforming 3.92% growth recorded by the Zacks categorized Steel - Pipe and Tube industry.
Existing Scenario
Dismal pricing conditions prevailing in the energy market might continue to hurt MRC Global's near-term results. Lower oil prices are deferring or reducing investments made by the energy companies, hence marring MRC Global's downstream businesses. Further slump in oil prices might roll back the company's major petro-chemical projects and depress top- and bottom-line performances in the quarters ahead.
Moreover, we believe that other headwinds such as a stronger U.S. dollar, stiff industry rivalry or sudden input price inflation might dent the company's near-term top- and bottom-line performances.
However, MRC Global anticipates accruing revenue growth within the range of 13-23% (on a year-over-year basis) in 2017. Strong midstream and upstream businesses are likely to boost its revenues in the quarters ahead.
Also, the company's latest contracts (such as the Statoil deal secured in Jul 2017) are expected to bolster revenues, as well as enhance its profitability in the near term. Furthermore, MRC Global believes that strategic acquisitions and sound restructuring moves would reinforce its financials, moving ahead.
Key Picks
A few better-ranked stocks in the industry are listed below:
Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company DE sports a Zacks Rank #1 and has an average positive earnings surprise of 70.41% for the past four quarters.
AGCO Corporation AGCO , which also boasts a Zacks Rank #1 at present, generated an average positive earnings surprise of 40.39% over the trailing four quarters.
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Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
MRC Global Inc. (MRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Further slump in oil prices might roll back the company's major petro-chemical projects and depress top- and bottom-line performances in the quarters ahead. Moreover, we believe that other headwinds such as a stronger U.S. dollar, stiff industry rivalry or sudden input price inflation might dent the company's near-term top- and bottom-line performances. On Jul 18, Zacks Investment Research downgraded MRC Global Inc.MRC to a Zacks Rank #3 (Hold) from a Zacks Rank #2 (Buy).
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On Jul 18, Zacks Investment Research downgraded MRC Global Inc.MRC to a Zacks Rank #3 (Hold) from a Zacks Rank #2 (Buy). Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report MRC Global Inc. (MRC): Free Stock Analysis Report To read this article on Zacks.com click here. Going by the Zacks model, companies holding a Zacks Rank #3 have high chances of performing in line with the broader market in the quarters ahead.
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On Jul 18, Zacks Investment Research downgraded MRC Global Inc.MRC to a Zacks Rank #3 (Hold) from a Zacks Rank #2 (Buy). Going by the Zacks model, companies holding a Zacks Rank #3 have high chances of performing in line with the broader market in the quarters ahead. Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report MRC Global Inc. (MRC): Free Stock Analysis Report To read this article on Zacks.com click here.
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On Jul 18, Zacks Investment Research downgraded MRC Global Inc.MRC to a Zacks Rank #3 (Hold) from a Zacks Rank #2 (Buy). Further slump in oil prices might roll back the company's major petro-chemical projects and depress top- and bottom-line performances in the quarters ahead. Going by the Zacks model, companies holding a Zacks Rank #3 have high chances of performing in line with the broader market in the quarters ahead.
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356ba758-e436-41bb-a56e-33755408309d
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722321.0
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2017-07-18 00:00:00 UTC
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Top Ranked Momentum Stocks to Buy for July 18th
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DE
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https://www.nasdaq.com/articles/top-ranked-momentum-stocks-to-buy-for-july-18th-2017-07-18
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Here are three stocks with Zacks Rank #1 (Strong Buy) and strong momentum characteristics for investors to consider today, July 18 th :
Deere & Company (DE): This agricultural equipment producer has witnessed the Zacks Consensus Estimate for its current year earnings increasing 30.4% over the last 60 days.
Deere & Company Price and Consensus
Deere & Company Price and Consensus | Deere & Company Quote
Deere's shares gained 15.7% over the last three months. The company possesses a Momentum Score of A.
Deere & Company Price
Deere & Company Price | Deere & Company Quote
POSCO (PKX) : This steel company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.2% over the last 60 days.
POSCO Price and Consensus
POSCO Price and Consensus | POSCO Quote
POSCO's shares gained 21.6% over the last three months. The company possesses a Momentum Score of B.
POSCO Price
POSCO Price | POSCO Quote
Worthington Industries, Inc. (WOR) : This metals manufacturing company has witnessed the Zacks Consensus Estimate for its current year earnings rising 9.9% over the last 60 day s
Worthington Industries, Inc. Price and Consensus
Worthington Industries, Inc. Price and Consensus | Worthington Industries, Inc. Quote
Worthington Industries' shares gained 27.9% over the last three months higher than S&P 500's gains of 4.7%. The company possesses a Momentum Score of B.
Worthington Industries, Inc. Price
Worthington Industries, Inc. Price | Worthington Industries, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here .
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Worthington Industries, Inc. (WOR): Free Stock Analysis Report
POSCO (PKX): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are three stocks with Zacks Rank #1 (Strong Buy) and strong momentum characteristics for investors to consider today, July 18 th : Deere & Company (DE): This agricultural equipment producer has witnessed the Zacks Consensus Estimate for its current year earnings increasing 30.4% over the last 60 days. Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Deere's shares gained 15.7% over the last three months. The company possesses a Momentum Score of A. Deere & Company Price Deere & Company Price | Deere & Company Quote POSCO (PKX) : This steel company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.2% over the last 60 days.
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The company possesses a Momentum Score of A. Deere & Company Price Deere & Company Price | Deere & Company Quote POSCO (PKX) : This steel company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.2% over the last 60 days. Click to get this free report Worthington Industries, Inc. (WOR): Free Stock Analysis Report POSCO (PKX): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks with Zacks Rank #1 (Strong Buy) and strong momentum characteristics for investors to consider today, July 18 th : Deere & Company (DE): This agricultural equipment producer has witnessed the Zacks Consensus Estimate for its current year earnings increasing 30.4% over the last 60 days.
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The company possesses a Momentum Score of A. Deere & Company Price Deere & Company Price | Deere & Company Quote POSCO (PKX) : This steel company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.2% over the last 60 days. Click to get this free report Worthington Industries, Inc. (WOR): Free Stock Analysis Report POSCO (PKX): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks with Zacks Rank #1 (Strong Buy) and strong momentum characteristics for investors to consider today, July 18 th : Deere & Company (DE): This agricultural equipment producer has witnessed the Zacks Consensus Estimate for its current year earnings increasing 30.4% over the last 60 days.
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The company possesses a Momentum Score of A. Deere & Company Price Deere & Company Price | Deere & Company Quote POSCO (PKX) : This steel company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.2% over the last 60 days. Here are three stocks with Zacks Rank #1 (Strong Buy) and strong momentum characteristics for investors to consider today, July 18 th : Deere & Company (DE): This agricultural equipment producer has witnessed the Zacks Consensus Estimate for its current year earnings increasing 30.4% over the last 60 days. Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Deere's shares gained 15.7% over the last three months.
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ec8fa9a7-0791-4173-b6d2-dd98be321b13
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722322.0
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2017-07-17 00:00:00 UTC
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Tetra Tech (TTEK) Wins Security Support Contract from FAA
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https://www.nasdaq.com/articles/tetra-tech-ttek-wins-security-support-contract-from-faa-2017-07-17
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Pasadena-based Tetra Tech Inc.TTEK recently secured a hazardous materials and security support contract from the Federal Aviation Administration (FAA). The deal not only boosts the company's organic growth path, but will also help the FAA improve its secure and safe civil aviation services.
However, the news failed to evoke any positive investor sentiment for the stock, as its shares traded nearly flat following the deal's announcement.
Dismal pricing conditions prevailing in the oil and gas market might continue to hurt Tetra Tech's financials in the quarters ahead. However, the company is poised to grow on the back of disciplined cost management, robust backlogs, new contracts and strategic capital deployment moves.
Over the last three months, shares of this Zacks Rank #3 (Hold) stock yielded a return of 12.03%, outperforming 7.59% growth recorded by the Zacks categorized Pollution Control Equipment/Services industry.
Inside the Headlines
FAA's Office of Security and Hazardous Materials Safety (ASH) awarded the contract to Tetra Tech for offering specific cybersecurity and technical services (related to intelligence activities, contingency planning, emergency operations and organizing secured transit of hazardous materials in air commerce). In addition, Tetra Tech will help the FAA efficiently manage the tracking systems of hazardous materials.
ASH looks into the critical-infrastructure and security aspects of aviation. It also collaborates with several Federal agencies for handling matters related to national security, which have a direct link to aeronautics. On the back of the contract offered to Tetra Tech, ASH will be able to enhance the quality of aviation via facility security, personnel security and hazardous materials safety.
The maximum ceiling value of the contract is estimated to be $77 million.
Stocks to Consider
A few better-ranked stocks in the industry are listed below:
Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company DE also sports a Zacks Rank #1 and has an average positive earnings surprise of 70.41% for the past four quarters.
AGCO Corporation AGCO , which also boasts a Zacks Rank #1 at present, has an average positive earnings surprise of 40.39% for the trailing four quarters.
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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
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Tetra Tech, Inc. (TTEK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, the company is poised to grow on the back of disciplined cost management, robust backlogs, new contracts and strategic capital deployment moves. Inside the Headlines FAA's Office of Security and Hazardous Materials Safety (ASH) awarded the contract to Tetra Tech for offering specific cybersecurity and technical services (related to intelligence activities, contingency planning, emergency operations and organizing secured transit of hazardous materials in air commerce). Pasadena-based Tetra Tech Inc.TTEK recently secured a hazardous materials and security support contract from the Federal Aviation Administration (FAA).
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Pasadena-based Tetra Tech Inc.TTEK recently secured a hazardous materials and security support contract from the Federal Aviation Administration (FAA). Stocks to Consider A few better-ranked stocks in the industry are listed below: Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Inside the Headlines FAA's Office of Security and Hazardous Materials Safety (ASH) awarded the contract to Tetra Tech for offering specific cybersecurity and technical services (related to intelligence activities, contingency planning, emergency operations and organizing secured transit of hazardous materials in air commerce). Stocks to Consider A few better-ranked stocks in the industry are listed below: Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Pasadena-based Tetra Tech Inc.TTEK recently secured a hazardous materials and security support contract from the Federal Aviation Administration (FAA). Stocks to Consider A few better-ranked stocks in the industry are listed below: Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). The deal not only boosts the company's organic growth path, but will also help the FAA improve its secure and safe civil aviation services.
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eaabd4d1-6d32-42e4-90b2-8598c98ede85
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722323.0
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2017-07-17 00:00:00 UTC
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Top Ranked Momentum Stocks to Buy for July 17th
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DE
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https://www.nasdaq.com/articles/top-ranked-momentum-stocks-to-buy-for-july-17th-2017-07-17
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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, July 17th:
PVH Corp. (PVH): This apparel company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 1.5% over the last 60 days.
PVH Corp. Price and Consensus
PVH Corp. Price and Consensus | PVH Corp. Quote
PVH's shares gained 12.8% over the last three months higher than S&P 500's gains of 5.6%. The company possesses a Momentum Score of A.
PVH Corp. Price
PVH Corp. Price | PVH Corp. Quote
Yum China Holdings, Inc. (YUMC): This restaurant companyhas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.8% over the last 60 days.
Yum China Holdings Inc. Price and Consensus
Yum China Holdings Inc. Price and Consensus | Yum China Holdings Inc. Quote
Yum China Holdings' shares gained 12.4% over the last three months. The company possesses a Momentum Score of A.
Yum China Holdings Inc. Price
Yum China Holdings Inc. Price | Yum China Holdings Inc. Quote
Agilent Technologies, Inc. (A): This application focused solutions provider has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 3.3% over the last 60 days.
Agilent Technologies, Inc. Price and Consensus
Agilent Technologies, Inc. Price and Consensus | Agilent Technologies, Inc. Quote
Agilent Technologies' shares gained 17.6% over the last three months. The company possesses a Momentum Score of A.
Agilent Technologies, Inc. Price
Agilent Technologies, Inc. Price | Agilent Technologies, Inc. Quote
Deere & Company (DE): Thisagricultural equipments producerhas a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 30.4% over the last 60 days.
Deere & Company Price and Consensus
Deere & Company Price and Consensus | Deere & Company Quote
Deere's shares gained 16.2% over the last three months. The company possesses a Momentum Score of A.
Deere & Company Price
Deere & Company Price | Deere & Company Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here .
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 11X worse than the market. See these critical buys and sells 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
Yum China Holdings Inc. (YUMC): Free Stock Analysis Report
PVH Corp. (PVH): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Agilent Technologies, Inc. (A): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, July 17th: PVH Corp. (PVH): This apparel company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 1.5% over the last 60 days. The company possesses a Momentum Score of A. Yum China Holdings Inc. Price Yum China Holdings Inc. Price | Yum China Holdings Inc. Quote Agilent Technologies, Inc. (A): This application focused solutions provider has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 3.3% over the last 60 days. The company possesses a Momentum Score of A. Agilent Technologies, Inc. Price Agilent Technologies, Inc. Price | Agilent Technologies, Inc. Quote Deere & Company (DE): Thisagricultural equipments producerhas a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 30.4% over the last 60 days.
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The company possesses a Momentum Score of A. Yum China Holdings Inc. Price Yum China Holdings Inc. Price | Yum China Holdings Inc. Quote Agilent Technologies, Inc. (A): This application focused solutions provider has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 3.3% over the last 60 days. Click to get this free report Yum China Holdings Inc. (YUMC): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, July 17th: PVH Corp. (PVH): This apparel company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 1.5% over the last 60 days.
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The company possesses a Momentum Score of A. Yum China Holdings Inc. Price Yum China Holdings Inc. Price | Yum China Holdings Inc. Quote Agilent Technologies, Inc. (A): This application focused solutions provider has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 3.3% over the last 60 days. The company possesses a Momentum Score of A. Agilent Technologies, Inc. Price Agilent Technologies, Inc. Price | Agilent Technologies, Inc. Quote Deere & Company (DE): Thisagricultural equipments producerhas a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 30.4% over the last 60 days. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, July 17th: PVH Corp. (PVH): This apparel company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 1.5% over the last 60 days.
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The company possesses a Momentum Score of A. Agilent Technologies, Inc. Price Agilent Technologies, Inc. Price | Agilent Technologies, Inc. Quote Deere & Company (DE): Thisagricultural equipments producerhas a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 30.4% over the last 60 days. Click to get this free report Yum China Holdings Inc. (YUMC): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, July 17th: PVH Corp. (PVH): This apparel company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 1.5% over the last 60 days.
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6fc6e92e-552a-454f-af53-2ba9a26ccbfc
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722324.0
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2017-07-14 00:00:00 UTC
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Actuant (ATU) Hit by Tepid Energy Market, Currency Headwinds
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DE
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https://www.nasdaq.com/articles/actuant-atu-hit-by-tepid-energy-market-currency-headwinds-2017-07-14
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nan
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On Jul 14, we issued an updated research report on Actuant CorporationATU .
Over the last three months, shares of this Zacks Rank #5 (Strong Sell) stock lost 2.79%, as against 10.25% growth recorded by the Zacks categorized Machine-Tools & Related Products industry.
Existing Issues
Challenging conditions lingering in the global energy market have been hurting Actuant's top- and bottom-line performances. In third-quarter fiscal 2017, its Energy segment's revenues dipped 17.6% year over year. Lower sales recorded by the Hydratight business (due to increasing delays in project scopes and start dates), compounded losses of off-shore well development and upstream exploration businesses stemmed the year-over-year downside.
The company believes that further decline in oil prices would defer and weigh over investments made in the energy market, thus continuing to hurt its results in the near term. Primarily, on grounds of tepid energy market conditions, Actuant trimmed its earnings guidance for fiscal 2017 to the 82-87 cents per share range from the previous projection of $1.10-$1.20 per share.
Moreover, foreign business exposure makes the company highly vulnerable to economic and geopolitical risks. Actuant predicts that a stronger U.S. dollar would dent its top-line performance in the near term.
Furthermore, we believe that other headwinds such as stiff industry rivalry or input price inflation might depress the company's near-term results.
Over the last 60 days, the Zacks Consensus Estimate for the stock moved south for both fiscal 2017 and 2018, reflecting bearish market sentiments.
Stocks to Consider
Some better-ranked stocks in the industry are listed below:
Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company DE also sports a Zacks Rank #1 and has an average positive earnings surprise of 70.41% for the past four quarters.
AGCO Corporation AGCO boasts a Zacks Rank #1 at present and has an average positive earnings surprise of 40.39% for the trailing four quarters.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Actuant Corporation (ATU): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company believes that further decline in oil prices would defer and weigh over investments made in the energy market, thus continuing to hurt its results in the near term. Over the last three months, shares of this Zacks Rank #5 (Strong Sell) stock lost 2.79%, as against 10.25% growth recorded by the Zacks categorized Machine-Tools & Related Products industry. Lower sales recorded by the Hydratight business (due to increasing delays in project scopes and start dates), compounded losses of off-shore well development and upstream exploration businesses stemmed the year-over-year downside.
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Stocks to Consider Some better-ranked stocks in the industry are listed below: Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Actuant Corporation (ATU): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. Over the last three months, shares of this Zacks Rank #5 (Strong Sell) stock lost 2.79%, as against 10.25% growth recorded by the Zacks categorized Machine-Tools & Related Products industry.
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Over the last three months, shares of this Zacks Rank #5 (Strong Sell) stock lost 2.79%, as against 10.25% growth recorded by the Zacks categorized Machine-Tools & Related Products industry. Stocks to Consider Some better-ranked stocks in the industry are listed below: Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Actuant Corporation (ATU): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks to Consider Some better-ranked stocks in the industry are listed below: Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Actuant Corporation (ATU): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. Over the last three months, shares of this Zacks Rank #5 (Strong Sell) stock lost 2.79%, as against 10.25% growth recorded by the Zacks categorized Machine-Tools & Related Products industry.
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ae65c1fc-550d-4a1a-8ded-133e0549223c
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722325.0
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2017-07-14 00:00:00 UTC
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Manitowoc Downgraded to Sell on Lingering Weak Crane Demand (Revised)
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DE
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https://www.nasdaq.com/articles/manitowoc-downgraded-to-sell-on-lingering-weak-crane-demand-revised-2017-07-14
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nan
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nan
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On Jul 12, The Manitowoc Company, Inc.MTW was downgraded a notch to a Zacks Rank #4 (Sell). Going by the Zacks model, companies carrying a Zacks Rank #4 have chances of performing weaker than the broader market over the upcoming quarters.
Why the Downgrade?
On May 9, the manufacturer of cranes reported an adjusted loss per share of 17 cents per share compared with a loss of 5 cents reported in the year-ago quarter. Manitowoc expects revenues to decline approximately 8-10% year over year in 2017. Adjusted EBITDA is anticipated between $41 million and $59 million.
Since first-quarter results, Manitowoc's shares dipped 6.9%, underperforming the 8.3% growth registered by the Zacks categorized Machinery-Construction/ Mining sub industry.
Crane demand continues to be soft and at historically low levels in America, due to depressed used-crane values and weak rental rates. Based on current activity levels, particularly in mobile cranes, the company does not expect a meaningful recovery in global demand for cranes in the near term. Mobile crane demand continues to be muted in the Americas and the Middle East region, due to persistently lower used crane values and soft rental rates. The North American market for crawler cranes continues to be extremely weak. Uncertainty among customers is mounting due to emerging market peers, apprehensions related to China's growth outlook, persistently depressed oil prices and sluggish domestic growth.
Manitowoc Company, Inc. Price and Consensus
Manitowoc Company, Inc. Price and Consensus | Manitowoc Company, Inc. Quote
The company is also facing stiff competition from China-based crane manufacturers like XCMG, Zoomlion, Sany, Fushun Excavator and Fushun Yongmao, all of which have demonstrated significant growth in the last few years. They have undergone product-line expansion, primarily adding larger cranes, and captured growing shares of the export markets in Asia, Africa, Middle East and South America.
Manitowoc is overvalued compared with its sub industry. Its forward 12-month Enterprise Value/ EBITDA (EV/EBITDA) ratio is 15.57 while the Zacks categorized Machinery-Construction/Mining sub industry's 12-month forward EV/EBITDA ratio is much lower at 12.18. Thus, we caution the investors against entering the stock at this point.
Key Picks
Better-ranked stocks in the same industry include Apogee Enterprises, Inc. APOG , Deere & Company DE and Lakeland Industries, Inc. LAKE . All the three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Apogee has an average positive earnings surprise of 3.41% in the trailing four quarters. Deere generated an average positive earnings surprise of 70.41% in the last four quarters. Lakeland has an average positive earnings surprise of 49.26%.
(We are reissuing this article to correct a mistake. The original article, issued on Jul 12, 2017, should no longer be relied upon.)
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
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Manitowoc Company, Inc. (The) (MTW): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Lakeland Industries, Inc. (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.
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Since first-quarter results, Manitowoc's shares dipped 6.9%, underperforming the 8.3% growth registered by the Zacks categorized Machinery-Construction/ Mining sub industry. Crane demand continues to be soft and at historically low levels in America, due to depressed used-crane values and weak rental rates. They have undergone product-line expansion, primarily adding larger cranes, and captured growing shares of the export markets in Asia, Africa, Middle East and South America.
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Manitowoc Company, Inc. Price and Consensus Manitowoc Company, Inc. Price and Consensus | Manitowoc Company, Inc. Quote The company is also facing stiff competition from China-based crane manufacturers like XCMG, Zoomlion, Sany, Fushun Excavator and Fushun Yongmao, all of which have demonstrated significant growth in the last few years. Key Picks Better-ranked stocks in the same industry include Apogee Enterprises, Inc. APOG , Deere & Company DE and Lakeland Industries, Inc. LAKE . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Manitowoc Company, Inc. (The) (MTW): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Going by the Zacks model, companies carrying a Zacks Rank #4 have chances of performing weaker than the broader market over the upcoming quarters. Manitowoc Company, Inc. Price and Consensus Manitowoc Company, Inc. Price and Consensus | Manitowoc Company, Inc. Quote The company is also facing stiff competition from China-based crane manufacturers like XCMG, Zoomlion, Sany, Fushun Excavator and Fushun Yongmao, all of which have demonstrated significant growth in the last few years. Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Manitowoc Company, Inc. (The) (MTW): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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On Jul 12, The Manitowoc Company, Inc.MTW was downgraded a notch to a Zacks Rank #4 (Sell). Mobile crane demand continues to be muted in the Americas and the Middle East region, due to persistently lower used crane values and soft rental rates. Manitowoc Company, Inc. Price and Consensus Manitowoc Company, Inc. Price and Consensus | Manitowoc Company, Inc. Quote The company is also facing stiff competition from China-based crane manufacturers like XCMG, Zoomlion, Sany, Fushun Excavator and Fushun Yongmao, all of which have demonstrated significant growth in the last few years.
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4ca5af24-0b01-4fa0-a24d-bc926b409629
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722326.0
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2017-07-13 00:00:00 UTC
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Caterpillar Hits 52-Week High: What's Driving the Stock?
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DE
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https://www.nasdaq.com/articles/caterpillar-hits-52-week-high%3A-whats-driving-the-stock-2017-07-13
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nan
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nan
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Caterpillar Inc .'s CAT shares attained a 52-week high of $110 during intraday trading on Jul 12, finally closing lower at $108.96. The company has delivered a year-to-date return of about 19.4%. Caterpillar has a market cap of $64.2 billion. Average volume of shares traded in the last three months was approximately 4.86 million.
What's Driving Caterpillar?
Caterpillar's share price has gained since it reported May sales report on Jun 20, 2017. The company reported a rise of 8% in sales, a pick up from 1% growth witnessed in April and March. Overall performance was led by Asia Pacific which witnessed 49% rise in sales. Overall sales at Resource Industries were down 3%, nevertheless an improvement from the 19% decline suffered in March and April. Sales in Construction Industries improved 11% year over year, depicting an upward trend since Feb 2017 owing to 52% surge in sales in Asia Pacific.
The Asia Pacific region has been a consistent performer for Caterpillar since it posted the first positive reading in Aug 2016. Since then the company has been witnessing a growing trend in sales in the region with the growth graph steadily picking up steam from single digits to growth of 49% witnessed in May. It is also worth mentioning that after four successive months of declines, North America has delivered positive growth in May. Though in Latin America, growth still remains in the negative territory and is muted compared with the prior months.
Caterpillar which has so far been grappling with the commodities rout triggered by a slowdown in China and excess supplies of most metals and energy products, is finally showing signs of turnaround this year. This has been made possible by relentless cost saving actions along with improvement in construction and Asia Pacific. In first-quarter 2017, the company delivered year-over-year improvement in both the top line and bottom line for the first time in 10 quarters. Backlog improved on a year-over-year basis for the first time since third-quarter 2014.
The company has outperformed the Zacks categorized Machinery - Construction/ Mining subindustry in the past one year. Shares have gained 40.9% while the industry registered an increase of 39.9%.
Quoting activity remains promising in many of Caterpillar's markets and retail sales are turning positive for both machines and Energy & Transportation for the first time in several years. The company estimates revenues around $38 billion to $41 billion for 2017, depicting a 2% rise from the revenues reported in fiscal 2016. It now anticipates earnings per share (excluding restructuring costs) of $3.75, reflecting a 10% improvement over 2016 earnings.
Caterpillar recently announced that its board of directors have approved 1.3% increase in quarterly dividend to 78 cents per share after a hiatus of two years. The move reflects balance sheet strength and improved cost structure which has once again enabled the company to deliver incremental returns to shareholders. Going forward, the company is expected to benefit from President Trump's plans of big spending in infrastructure as it is anticipated to play a major role in the national infrastructure plan.
Caterpillar, Inc. Price and Consensus
Caterpillar, Inc. Price and Consensus | Caterpillar, Inc. Quote
Estimates for Caterpillar have moved up in the past 60 days, reflecting the optimistic outlook of analysts. The earnings estimate for fiscal 2017 has gone up 2% while that of fiscal 2018 has moved up 3%.
Caterpillar currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same space include Apogee Enterprises, Inc. APOG , Belden Inc. BDC and Deere & Company DE , each boasting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Apogee has an average positive earnings surprise of 3.42% in the trailing four quarters. Belden delivered an average positive earnings surprise of 7.17% in the preceding four quarters. Deere & Company generated an average positive earnings surprise of 70.41% in the last four quarters.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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
Belden Inc (BDC): Free Stock Analysis Report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the same space include Apogee Enterprises, Inc. APOG , Belden Inc. BDC and Deere & Company DE , each boasting a Zacks Rank #1 (Strong Buy). The company has delivered a year-to-date return of about 19.4%. Average volume of shares traded in the last three months was approximately 4.86 million.
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Some better-ranked stocks in the same space include Apogee Enterprises, Inc. APOG , Belden Inc. BDC and Deere & Company DE , each boasting a Zacks Rank #1 (Strong Buy). Click to get this free report Belden Inc (BDC): Free Stock Analysis Report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. The company has delivered a year-to-date return of about 19.4%.
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Click to get this free report Belden Inc (BDC): Free Stock Analysis Report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. The company has delivered a year-to-date return of about 19.4%. Average volume of shares traded in the last three months was approximately 4.86 million.
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Average volume of shares traded in the last three months was approximately 4.86 million. The company has delivered a year-to-date return of about 19.4%. Overall sales at Resource Industries were down 3%, nevertheless an improvement from the 19% decline suffered in March and April.
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39e9ba2e-cb69-4ed5-bcfd-c867fe877ff6
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722327.0
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2017-07-12 00:00:00 UTC
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S&P 500 Movers: HOG, NRG
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DE
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https://www.nasdaq.com/articles/sp-500-movers-hog-nrg-2017-07-12
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nan
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nan
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In early trading on Wednesday, shares of NRG Energy topped the list of the day's best performing components of the S&P 500 index, trading up 19.4%. Year to date, NRG Energy registers a 58.7% gain.
And the worst performing S&P 500 component thus far on the day is Harley-Davidson, trading down 2.3%. Harley-Davidson is lower by about 12.9% looking at the year to date performance.
Two other components making moves today are Deere, trading down 1.3%, and PayPal Holdings, trading up 2.8% on the day.
VIDEO: S&P 500 Movers: HOG, NRG
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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VIDEO: S&P 500 Movers: HOG, NRG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Wednesday, shares of NRG Energy topped the list of the day's best performing components of the S&P 500 index, trading up 19.4%. Two other components making moves today are Deere, trading down 1.3%, and PayPal Holdings, trading up 2.8% on the day.
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VIDEO: S&P 500 Movers: HOG, NRG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Wednesday, shares of NRG Energy topped the list of the day's best performing components of the S&P 500 index, trading up 19.4%. Two other components making moves today are Deere, trading down 1.3%, and PayPal Holdings, trading up 2.8% on the day.
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In early trading on Wednesday, shares of NRG Energy topped the list of the day's best performing components of the S&P 500 index, trading up 19.4%. Two other components making moves today are Deere, trading down 1.3%, and PayPal Holdings, trading up 2.8% on the day. VIDEO: S&P 500 Movers: HOG, NRG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Wednesday, shares of NRG Energy topped the list of the day's best performing components of the S&P 500 index, trading up 19.4%. VIDEO: S&P 500 Movers: HOG, NRG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Two other components making moves today are Deere, trading down 1.3%, and PayPal Holdings, trading up 2.8% on the day.
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9ce4f431-cd78-42d6-bc7f-381925df5147
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722328.0
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2017-07-12 00:00:00 UTC
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Lindsay (LNN) Upgraded to Buy on Robust Irrigation Market
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DE
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https://www.nasdaq.com/articles/lindsay-lnn-upgraded-to-buy-on-robust-irrigation-market-2017-07-12
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nan
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On Jul 12, Lindsay CorporationLNN was upgraded to a Zacks Rank #2 (Buy) on improved activity levels in the international irrigation and infrastructure markets.
Going by the Zacks model, companies holding a Zacks Rank #2 have chances of performing better than the broader market in the quarters ahead.
Over the past six months, Lindsay outperformed the Zacks categorized Machinery-Farm industry. While the stock gained 20.7%, the Zacks sub-industry recorded 19% growth.
Why the Upgrade?
In the third-quarter conference call, Lindsay noted that it remains confident about the stabilization in the U.S. irrigation equipment market. The positive view is backed by increasing demand for food owing to rising population, favorable government policies on agricultural machinery and increasing adoption of precision farming.
Notably, Lindsay's irrigation operating margin performance in the U.S. will benefit from the strength and growth of technology products. In Apr 2017, Lindsay rolled out FieldNET Advisor, an irrigation management solution. FieldNET Advisor enables growers to maximize profitability through better irrigation management.
In the infrastructure segment, Lindsay remains positive about Road Zipper System projects, as well as increased demand for its road safety products. The growing need for infrastructure development and improvement in the U.S., along with a desire for increased spending, will drive growth and demand for critical road safety products.
We believe that the company's continuous efforts for the expansion of its solutions offering and improvement of global cost structure will definitely help it gain momentum and boost the top line. Moreover, a consistent recovery in Brazil and increased project activity in developing international markets will stoke growth.
Lindsay also has a positive record of earnings surprises for the last few quarters. The company's estimates moved up 2.8% for fiscal 2017 and 2.7% for fiscal 2018, over the past 30 days, reflecting investors' optimism in the stock.
Lindsay Corporation Price and Consensus
Lindsay Corporation Price and Consensus | Lindsay Corporation Quote
Other Stocks to Consider
Other top-ranked stocks in the same sector are Apogee Enterprises, Inc. APOG , Lakeland Industries, Inc. LAKE and Deere & Company DE . All three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Apogee has an average positive earnings surprise of 3.42% for the trailing four quarters. Lakeland generated an average positive earnings surprise of 49.26% over the past four quarters. Deere has an average positive earnings surprise of 70.41% for the trailing four quarters.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Lindsay Corporation (LNN): Free Stock Analysis Report
Lakeland Industries, Inc. (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.
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On Jul 12, Lindsay CorporationLNN was upgraded to a Zacks Rank #2 (Buy) on improved activity levels in the international irrigation and infrastructure markets. The growing need for infrastructure development and improvement in the U.S., along with a desire for increased spending, will drive growth and demand for critical road safety products. We believe that the company's continuous efforts for the expansion of its solutions offering and improvement of global cost structure will definitely help it gain momentum and boost the top line.
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On Jul 12, Lindsay CorporationLNN was upgraded to a Zacks Rank #2 (Buy) on improved activity levels in the international irrigation and infrastructure markets. Lindsay Corporation Price and Consensus Lindsay Corporation Price and Consensus | Lindsay Corporation Quote Other Stocks to Consider Other top-ranked stocks in the same sector are Apogee Enterprises, Inc. APOG , Lakeland Industries, Inc. LAKE and Deere & Company DE . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lindsay Corporation (LNN): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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On Jul 12, Lindsay CorporationLNN was upgraded to a Zacks Rank #2 (Buy) on improved activity levels in the international irrigation and infrastructure markets. Lindsay Corporation Price and Consensus Lindsay Corporation Price and Consensus | Lindsay Corporation Quote Other Stocks to Consider Other top-ranked stocks in the same sector are Apogee Enterprises, Inc. APOG , Lakeland Industries, Inc. LAKE and Deere & Company DE . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lindsay Corporation (LNN): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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On Jul 12, Lindsay CorporationLNN was upgraded to a Zacks Rank #2 (Buy) on improved activity levels in the international irrigation and infrastructure markets. The growing need for infrastructure development and improvement in the U.S., along with a desire for increased spending, will drive growth and demand for critical road safety products. Going by the Zacks model, companies holding a Zacks Rank #2 have chances of performing better than the broader market in the quarters ahead.
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0a7bb5cd-2a5e-4910-a715-ff7ce1a8746e
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722329.0
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2017-07-12 00:00:00 UTC
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Manitowoc Downgraded to Sell on Lingering Weak Crane Demand
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DE
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https://www.nasdaq.com/articles/manitowoc-downgraded-to-sell-on-lingering-weak-crane-demand-2017-07-12
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nan
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nan
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On Jul 12, The Manitowoc Company, Inc.MTW was downgraded a notch to a Zacks Rank #4 (Sell). Going by the Zacks model, companies carrying a Zacks Rank #4 have chances of performing weaker than the broader market over the upcoming quarters.
Why the Downgrade?
On May 9, the maker of cranes and restaurant equipment reported an adjusted loss per share of 17 cents per share compared with a loss of 5 cents reported in the year-ago quarter. Manitowoc expects revenues to decline approximately 8-10% year over year in 2017. Adjusted EBITDA is anticipated to lie between $41 million and $59 million.
Since first-quarter results, Manitowoc's shares gained 2.7%, underperforming the 7.4% growth registered by the Zacks categorized Machinery-Construction/ Mining sub industry.
Crane demand continues to be soft and at historically low levels in America, due to depressed used-crane values and weak rental rates. Based on current activity levels, particularly in mobile cranes, the company does not expect a meaningful recovery in global demand for cranes in the near term. Mobile crane demand continues to be muted in the Americas and the Middle East region, due to persistently lower used crane values and soft rental rates. The North American market for crawler cranes continues to be extremely weak. Uncertainty among customers is mounting due to emerging market peers, apprehensions related to China's growth outlook, persistently depressed oil prices and sluggish domestic growth.
Manitowoc Company, Inc. Price and Consensus
Manitowoc Company, Inc. Price and Consensus | Manitowoc Company, Inc. Quote
Further, the company is facing stiff competition from China-based crane manufacturers like XCMG, Zoomlion, Sany, Fushun Excavator and Fushun Yongmao, all of which have demonstrated significant growth in the last few years. They have undergone product-line expansion, primarily adding larger cranes, and captured growing shares of the export markets in Asia, Africa, Middle East and South America.
Manitowoc is overvalued compared with its sub industry. Its forward twelve months Enterprise Value/ EBITDA (EV/EBITDA) ratio is 15.57 while the Zacks categorized Machinery-Construction/Mining sub industry's 12-month forward EV/EBITDA ratio is much lower at 12.18. Thus, we caution the investors against entering the stock at this point.
Key Picks
Better-ranked stocks in the same industry include Apogee Enterprises, Inc. APOG , Deere & Company DE and Lakeland Industries, Inc. LAKE . All the three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Apogee has an average positive earnings surprise of 3.41% in the trailing four quarters. Deere generated an average positive earnings surprise of 70.41% in the last four quarters. Lakeland has an average positive earnings surprise of 49.26%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Manitowoc Company, Inc. (The) (MTW): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Since first-quarter results, Manitowoc's shares gained 2.7%, underperforming the 7.4% growth registered by the Zacks categorized Machinery-Construction/ Mining sub industry. Crane demand continues to be soft and at historically low levels in America, due to depressed used-crane values and weak rental rates. They have undergone product-line expansion, primarily adding larger cranes, and captured growing shares of the export markets in Asia, Africa, Middle East and South America.
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Manitowoc Company, Inc. Price and Consensus Manitowoc Company, Inc. Price and Consensus | Manitowoc Company, Inc. Quote Further, the company is facing stiff competition from China-based crane manufacturers like XCMG, Zoomlion, Sany, Fushun Excavator and Fushun Yongmao, all of which have demonstrated significant growth in the last few years. Key Picks Better-ranked stocks in the same industry include Apogee Enterprises, Inc. APOG , Deere & Company DE and Lakeland Industries, Inc. LAKE . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Manitowoc Company, Inc. (The) (MTW): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Manitowoc Company, Inc. Price and Consensus Manitowoc Company, Inc. Price and Consensus | Manitowoc Company, Inc. Quote Further, the company is facing stiff competition from China-based crane manufacturers like XCMG, Zoomlion, Sany, Fushun Excavator and Fushun Yongmao, all of which have demonstrated significant growth in the last few years. Key Picks Better-ranked stocks in the same industry include Apogee Enterprises, Inc. APOG , Deere & Company DE and Lakeland Industries, Inc. LAKE . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Manitowoc Company, Inc. (The) (MTW): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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On Jul 12, The Manitowoc Company, Inc.MTW was downgraded a notch to a Zacks Rank #4 (Sell). Mobile crane demand continues to be muted in the Americas and the Middle East region, due to persistently lower used crane values and soft rental rates. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
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2e7a7a49-0388-49f7-a678-5b3cac00960a
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722330.0
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2017-07-12 00:00:00 UTC
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A Junior Freak Out
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DE
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https://www.nasdaq.com/articles/junior-freak-out-2017-07-12
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nan
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nan
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The July episode of the Zacks Ultimate Strategy Session is now available for viewing! Tune in to this "must-see event" when Steve Reitmeister, Kevin Cook, Sheraz Mian, Tracey Ryniec and Brian Bolan discussed the investment landscape from most every angle. Don't miss your chance to hear:
• Tracey and Brian Agree to Disagree on Value versus Growth
• Steve's answers to your questions in Reity's Mailbag
• Tips for improving your portfolio
• And much more
Simply log on to Zacks.com and view the July episode here. And please let us know what you think of the new format. Email all feedback to mailbag@zacks.com .
President Trump has a way of getting under the market's skin. So when an email thread was released today between his son, Donald Trump Jr., and a Russian lawyer (which some took as "collusion"), the market's kneejerk reaction was to take a plunge. However, stocks regained their composure rather quickly this time, which was in stark contrast to the May 17th bloodletting on allegations that POTUS interfered in a FBI investigation.
By the closing bell, the NASDAQ had put together its third straight session of gains with an advance of 0.27% to 6,193.3, while the Dow was breakeven (up 0.55 of a point) to 21,409.1. The S&P declined 0.08% to 2425.5.
The editors feel that the market's recovery today was a great sign that the bulls are still solidly in control and that stocks want to move higher. For example, Kevin decided to sell all UVXY shares in TAZR today, which he bought earlier this month to protect the portfolio from a pullback ahead of earnings season. "The market has spoken again today saying it wants little to do with the downside," said Kevin.
Today's Portfolio Highlights:
Home Run Investor: Using physical cash to buy products and/or services is getting obsolete. Dave wants a stake in the NEW ways of moving money around. EEFT already provides some exposure to this innovative industry, but he wants more. Therefore, the editor bought a position in Square (SQ) on Tuesday, which provides point-of-sale solutions and has a peer-to-peer payments service. This Zacks Rank #2 is expected to grow revenue by 25% this year and next, and is back on the move after a month of consolidation. The complete commentary has a lot more on this new addition.
Healthcare Innovators: Shares of immune-oncology player Bluebird Bio (BLUE) soared to an unsustainable $120 after the ASCO convention, but it has since come back down to earth. It has actually dropped all the way below $95 and into an ideal buying range for Kevin. The editor made BLUE the portfolio's 27th holding as he works up to the full complement of 30 names. The full commentary has a lot more on this new addition.
Stocks Under $10: Brian Bolan agrees with a well-known investment pundit that the EU is a good place to invest in the near term. So the editor decided to pick up Netherlands-based Constellium (CSTM) for his promised pick today. The company is a Zacks Rank #2 that sells aluminum products for the aerospace, automotive and packaging industries. The company has reported top-line beats in its last two quarters and announced a positive earnings surprise of 44% in its most recent report. CSTM is also expected to generate double-digit growth for revenue and earnings this year. Don't miss Brian's detailed analysis of this new pick in the full write-up.
Zacks Short List: Only one swap in this week's adjustment as National Oilwell (NOV) was short-covered and left the portfolio, while PTC Inc. (PTC) was added. Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide.
Surprise Trader: The portfolio is now all clear and ready for earnings season after Eric sold the remaining three positions. Deere (DE) was the big winner with a return of 11.8% in less than two months. Earnings season is the busiest time for this portfolio, so get ready for a lot of action in the days ahead. The editor is planning on some replacement picks later this week or early next.
Zacks Counterstrike:"So here we go again. This absurdity continues to come out every other week which often brings selling into the market. It's impossible to speculate if this will ever materialize into any trouble for Trump, but so far nothing has been an real issue. So all we can do is assume the same this time and go on with our trading lives.
"While the initial market reaction was fear and panic, with the S&P selling and the VIX spiking, traders eventually calmed down. The S&P finished came all the way back to where it was before the news and the S&P closed only 0.08% lower, while the Nasdaq was up 0.27%.
"The move today was pretty telling. We saw a headline that should have been pretty bad news for stocks, but yet we moved back to highs of the day. This clearly shows the bullish nature of this market. Unfortunately for the bears, they showed there hand today and it's pretty darn weak. The bulls still have complete control, but I'm puzzled to what they are waiting for to push the market highs." -- Jeremy Mullin
Until Tomorrow,
Jim Giaquinto
Recommendations from Zacks' Private Portfolios:
Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Don't miss your chance to hear: • Tracey and Brian Agree to Disagree on Value versus Growth • Steve's answers to your questions in Reity's Mailbag • Tips for improving your portfolio • And much more Simply log on to Zacks.com and view the July episode here. For example, Kevin decided to sell all UVXY shares in TAZR today, which he bought earlier this month to protect the portfolio from a pullback ahead of earnings season. The July episode of the Zacks Ultimate Strategy Session is now available for viewing!
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For example, Kevin decided to sell all UVXY shares in TAZR today, which he bought earlier this month to protect the portfolio from a pullback ahead of earnings season. The July episode of the Zacks Ultimate Strategy Session is now available for viewing! Don't miss your chance to hear: • Tracey and Brian Agree to Disagree on Value versus Growth • Steve's answers to your questions in Reity's Mailbag • Tips for improving your portfolio • And much more Simply log on to Zacks.com and view the July episode here.
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For example, Kevin decided to sell all UVXY shares in TAZR today, which he bought earlier this month to protect the portfolio from a pullback ahead of earnings season. The July episode of the Zacks Ultimate Strategy Session is now available for viewing! Don't miss your chance to hear: • Tracey and Brian Agree to Disagree on Value versus Growth • Steve's answers to your questions in Reity's Mailbag • Tips for improving your portfolio • And much more Simply log on to Zacks.com and view the July episode here.
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Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). The July episode of the Zacks Ultimate Strategy Session is now available for viewing! Don't miss your chance to hear: • Tracey and Brian Agree to Disagree on Value versus Growth • Steve's answers to your questions in Reity's Mailbag • Tips for improving your portfolio • And much more Simply log on to Zacks.com and view the July episode here.
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e68c34f3-6569-41b9-b851-9b3164c31107
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722331.0
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2017-07-12 00:00:00 UTC
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Noteworthy Wednesday Option Activity: DE, CVX, HOLX
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DE
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity-de-cvx-holx-2017-07-12
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 11,977 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.5% of DE's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $125 strike call option expiring July 14, 2017 , with 1,013 contracts trading so far today, representing approximately 101,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $125 strike highlighted in orange:
Chevron Corporation (Symbol: CVX) options are showing a volume of 26,552 contracts thus far today. That number of contracts represents approximately 2.7 million underlying shares, working out to a sizeable 49.5% of CVX's average daily trading volume over the past month, of 5.4 million shares. Particularly high volume was seen for the $104 strike put option expiring July 14, 2017 , with 5,151 contracts trading so far today, representing approximately 515,100 underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $104 strike highlighted in orange:
And Hologic Inc (Symbol: HOLX) saw options trading volume of 11,004 contracts, representing approximately 1.1 million underlying shares or approximately 46.3% of HOLX's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $50 strike call option expiring August 18, 2017 , with 6,973 contracts trading so far today, representing approximately 697,300 underlying shares of HOLX. Below is a chart showing HOLX's trailing twelve month trading history, with the $50 strike highlighted in orange:
For the various different available expirations for DE options , CVX options , or HOLX options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $125 strike call option expiring July 14, 2017 , with 1,013 contracts trading so far today, representing approximately 101,300 underlying shares of DE. Particularly high volume was seen for the $104 strike put option expiring July 14, 2017 , with 5,151 contracts trading so far today, representing approximately 515,100 underlying shares of CVX. Particularly high volume was seen for the $50 strike call option expiring August 18, 2017 , with 6,973 contracts trading so far today, representing approximately 697,300 underlying shares of HOLX.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 11,977 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing DE's trailing twelve month trading history, with the $125 strike highlighted in orange: Chevron Corporation (Symbol: CVX) options are showing a volume of 26,552 contracts thus far today. Below is a chart showing CVX's trailing twelve month trading history, with the $104 strike highlighted in orange: And Hologic Inc (Symbol: HOLX) saw options trading volume of 11,004 contracts, representing approximately 1.1 million underlying shares or approximately 46.3% of HOLX's average daily trading volume over the past month, of 2.4 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 11,977 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number of contracts represents approximately 2.7 million underlying shares, working out to a sizeable 49.5% of CVX's average daily trading volume over the past month, of 5.4 million shares. Below is a chart showing CVX's trailing twelve month trading history, with the $104 strike highlighted in orange: And Hologic Inc (Symbol: HOLX) saw options trading volume of 11,004 contracts, representing approximately 1.1 million underlying shares or approximately 46.3% of HOLX's average daily trading volume over the past month, of 2.4 million shares.
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Especially high volume was seen for the $125 strike call option expiring July 14, 2017 , with 1,013 contracts trading so far today, representing approximately 101,300 underlying shares of DE. Particularly high volume was seen for the $104 strike put option expiring July 14, 2017 , with 5,151 contracts trading so far today, representing approximately 515,100 underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $104 strike highlighted in orange: And Hologic Inc (Symbol: HOLX) saw options trading volume of 11,004 contracts, representing approximately 1.1 million underlying shares or approximately 46.3% of HOLX's average daily trading volume over the past month, of 2.4 million shares.
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56aca7dc-e698-4122-89be-4f9538c58faf
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722332.0
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2017-07-12 00:00:00 UTC
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6 Stocks Shooting Warning Flares Despite Yellen’s Market Fuel
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DE
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https://www.nasdaq.com/articles/6-stocks-shooting-warning-flares-despite-yellens-market-fuel-2017-07-12
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
All eyes were on Federal Reserve chairman Janet Yellen's semi-annual testimony to Congress on Wednesday.
Source: Day Donaldson Via Flickr
To the surprise of many, she walked back the impression the Fed was growing increasingly hawkish by noting interest rates wouldn't have to rise all that much further to get to a neutral policy stance.
She maintained the belief that recent inflation weakness was driven by one-off factors and that "quantitative tightening" balance sheet normalization would begin soon.
Investors focused on the dovish comments; however, pushing risk assets higher and the Dow Jones Industrial Average to new intra-day record highs for the first time since mid-June. Long-term Treasury bonds also rallied, providing relief to risk parity funds hit in recent weeks by the combination of weakness in both bonds and equities.
But not everyone was impressed. Big bank stocks, for instance, declined on the news on a drop in long-term yields pressuring net interest margin hopes.
The 10 Worst Stocks for 2017's Second Half
Here are six stocks that aren't playing along:
Stocks Shooting Warning Flares: Deere & Company (DE)
Deere & Company (NYSE: DE ) is getting hit hard on Wednesday, down 2.8%, after hitting resistance from its mid-June high. The catalyst was a negative crop conditions report from the U.S. Department of Agriculture resulting in big losses for corn and wheat futures.
Worries surround an abundant South American corn crop (negatively impacting U.S. corn prices and inventory levels) and an ongoing decline in U.S. crop conditions. All of this will negatively impact farmer earnings and the ability to finance new equipment purchases.
DE will next report results on Aug. 18 before the bell. Analysts are looking for earnings of $1.88 per share on revenues of $6.9 billion. When the company last reported on May 19, earnings of $2.14 beat the consensus estimate by 45 cents on a 2.2% rise in revenue. Watch for a possible decline to the November-May trading range near $110, which would be worth a 10%+ decline from here.
Stocks Shooting Warning Flares: CenturyLink (CTL)
Centurylink Inc (NYSE: CTL ) shares are down 2.4% in trading on Wednesday, dropping further below its 50-day and 200-day moving averages to hit lows not seen since March. This continues a post-election malaise in the mid-$20s and represents a decline of nearly 20% from its mid-June high.
9 Companies That Might Not Survive to See 2018
CTL will next report results on Aug. 2 after the close. Analysts are looking for earnings of 49 cents per share on revenues of $4.1 billion. When the company last reported on May 3, earnings of 52 cents per share missed estimates by a penny on a 4.4% drop in revenue.
Stocks Shooting Warning Flares: Harley Davidson (HOG)
Harley-Davidson Inc (NYSE: HOG ) shares are down 2.9% as I write this, dropping out of a three-month consolidation range and falling away from its 200-day moving average. This takes shares back to levels not seen since October representing a drop of nearly 20% from its mid-March high. The drop was catalyzed by a cautious note from Goldman analysts citing weak channel activity indicating a soft Q2. Shares were also downgraded by Bernstein amid ongoing caution from the U.S. consumer.
The company will next report results on July 18 before the bell. Analysts are looking for earnings of $1.39 per share on revenues of $1.6 billion. When the company last reported on April 18, earnings of $1.05 beat estimates by 3 cents on a 15.7% decline in revenue.
Stocks Shooting Warning Flares: Morgan Stanley (MS)
Morgan Stanley (NYSE: MS ) shares are rolling lower, down 1.2%, as it remains within the confines of a massive eight-month consolidation range. Watch for a drop to support near $41, which coincides with its 200-day moving average. Bank shares haven't been doing much amid net interest margin concerns (from recent yield curve flattening) as well as industry management warnings that Q2 trading revenue wasn't all that great.
6 Stocks That Will Crumple the Hardest in a Market Crash
MS will next report results on July 19 before the bell. Analysts are looking for earnings of 77 cents per share on revenues of $9.1 billion. When the company last reported on April 19, earnings of $1.00 per share beat estimates by 10 cents on a 25% increase in revenues.
Stocks Shooting Warning Flares: Best Buy (BBY)
Best Buy Co Inc (NYSE: BBY ) shares are continuing to fall on Wednesday, down another 0.7% to cut below its 50-day moving average. This represents a 13% drop from its late May high on reports Amazon.com, Inc. (NASDAQ: AMZN ) - which just had a very successful "Prime Day" promotion - is looking to start tech services offering that will challenges the company's "Geek Squad" offering. Yet another way AMZN is delivering a serious punch to traditional retailers like BBY.
The company will next report results on Aug. 24 before the bell. Analysts are looking for earnings of 63 cents per share of BBY on revenues of $8.7 billion. When the company last reported results on May 25, earnings of 60 cents per share beat estimates by 20 cents on a 1% rise in revenue from the year-ago period.
Stocks Shooting Warning Flares: Fossil Group (FOSL)
Watchmaker Fossil Group Inc (NASDAQ: FOSL ) just can't catch a break, down another 6.5% on Wednesday to test its June lows as a combination of uneven retail sales and pressure from smart wearables keep eating into its top line growth. FOSL shares are down more than 70% from their post-election high in November. And the waterfall decline shows no signs of slowing. Less than four years ago, shares were trading above $125.
8 Mergers That Could Dethrone Amazon
FOSL will next report results on Aug. 8 after the close. Analysts are looking for a loss of 38 cents per share on revenues of nearly $617 million. When the company last reported on May 9, a loss of $1.00 per share was 6 cents better than expected on an 11.8% decline in revenues.
Anthony Mirhaydari is founder of theEdge and Edge Pro investment advisory newsletters. Free two- and four-week trial offers have been extended to InvestorPlace readers.
The post 6 Stocks Shooting Warning Flares Despite Yellen's Market Fuel appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips All eyes were on Federal Reserve chairman Janet Yellen's semi-annual testimony to Congress on Wednesday. Big bank stocks, for instance, declined on the news on a drop in long-term yields pressuring net interest margin hopes. The 10 Worst Stocks for 2017's Second Half Here are six stocks that aren't playing along: Stocks Shooting Warning Flares: Deere & Company (DE) Deere & Company (NYSE: DE ) is getting hit hard on Wednesday, down 2.8%, after hitting resistance from its mid-June high.
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The 10 Worst Stocks for 2017's Second Half Here are six stocks that aren't playing along: Stocks Shooting Warning Flares: Deere & Company (DE) Deere & Company (NYSE: DE ) is getting hit hard on Wednesday, down 2.8%, after hitting resistance from its mid-June high. InvestorPlace - Stock Market News, Stock Advice & Trading Tips All eyes were on Federal Reserve chairman Janet Yellen's semi-annual testimony to Congress on Wednesday. Big bank stocks, for instance, declined on the news on a drop in long-term yields pressuring net interest margin hopes.
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The 10 Worst Stocks for 2017's Second Half Here are six stocks that aren't playing along: Stocks Shooting Warning Flares: Deere & Company (DE) Deere & Company (NYSE: DE ) is getting hit hard on Wednesday, down 2.8%, after hitting resistance from its mid-June high. InvestorPlace - Stock Market News, Stock Advice & Trading Tips All eyes were on Federal Reserve chairman Janet Yellen's semi-annual testimony to Congress on Wednesday. Big bank stocks, for instance, declined on the news on a drop in long-term yields pressuring net interest margin hopes.
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Watch for a possible decline to the November-May trading range near $110, which would be worth a 10%+ decline from here. This continues a post-election malaise in the mid-$20s and represents a decline of nearly 20% from its mid-June high. When the company last reported on May 9, a loss of $1.00 per share was 6 cents better than expected on an 11.8% decline in revenues.
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a3bc0e71-6ddc-45f2-9267-b37b4c5c0b11
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722333.0
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2017-07-11 00:00:00 UTC
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Terex (TEX) Upgraded to Buy on Organizational Restructuring
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https://www.nasdaq.com/articles/terex-tex-upgraded-to-buy-on-organizational-restructuring-2017-07-11
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On Jul 11, Terex CorporationTEX was upgraded to a Zacks Rank #2 (Buy), mainly driven by consistent progress on refocusing its portfolio and organizational structure.
Going by the Zacks model, companies holding a Zacks Rank #2 have chances of performing better than the broader market in the quarters ahead.
Year to date, the company has outperformed the Zacks categorized Machinery-Construction/Mining sub-industry with respect to price performance. The stock rallied 17.9%, while the industry recorded 13.4% growth.
What's Driving the Stock?
Terex is simplifying its organizational structure and continues to progress on refocusing its portfolio by reducing the company's global footprint and cost structure. The company exited the Coventry facility and also closed Jinan, the Cranes manufacturing unit in China. It has also agreed to sell the loader backhoe business in India. Terex also shut down an underperforming business in Brazil.
Further, Terex took additional steps in first-quarter 2017 to focus on its core Aerial Work Platforms, Cranes and Material Processing businesses. A major step was closing the Material Handling & Port Solutions (MHPS) sale on schedule in Jan 2017. The company also completed the previously announced sale of its Coventry, England-based dumper and loader backhoe business.
Recently, Terex completed the sale of 8.9% of the total shares outstanding of Konecranes Plc. This sale is in line with the company's efforts to simplify its structure, systems and footprint, in a bid to improve efficiency and enhance global competitiveness.
Notably, the company raised its 2017 earnings per share outlook to the $0.80-$0.95 range. It continues to reduce its cost structure, with emphasis on general and administrative expenses. Moreover, Terex will continue to implement cost-reduction plans over the balance of 2017.
Terex also has a positive record of earnings surprise for the last few quarters. Investors seem to be optimistic about the company's future prospects, given that its estimates moved up 3.2% for fiscal 2017 and 5.1% for fiscal 2018, over the past 30 days.
Other Stocks to Consider
Other top-ranked stocks in the same sector are Apogee Enterprises, Inc. APOG , Lakeland Industries, Inc. LAKE and Deere & Company DE . All three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Apogee has an average positive earnings surprise of 3.42% for the trailing four quarters. Lakeland generated an average positive earnings surprise of 49.26% over the past four quarters. Deere has an average positive earnings surprise of 70.41% for the trailing four quarters.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Terex Corporation (TEX): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Lakeland Industries, Inc. (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.
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On Jul 11, Terex CorporationTEX was upgraded to a Zacks Rank #2 (Buy), mainly driven by consistent progress on refocusing its portfolio and organizational structure. Going by the Zacks model, companies holding a Zacks Rank #2 have chances of performing better than the broader market in the quarters ahead. The stock rallied 17.9%, while the industry recorded 13.4% growth.
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Other Stocks to Consider Other top-ranked stocks in the same sector are Apogee Enterprises, Inc. APOG , Lakeland Industries, Inc. LAKE and Deere & Company DE . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Terex Corporation (TEX): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here. On Jul 11, Terex CorporationTEX was upgraded to a Zacks Rank #2 (Buy), mainly driven by consistent progress on refocusing its portfolio and organizational structure.
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Other Stocks to Consider Other top-ranked stocks in the same sector are Apogee Enterprises, Inc. APOG , Lakeland Industries, Inc. LAKE and Deere & Company DE . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Terex Corporation (TEX): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here. On Jul 11, Terex CorporationTEX was upgraded to a Zacks Rank #2 (Buy), mainly driven by consistent progress on refocusing its portfolio and organizational structure.
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Other Stocks to Consider Other top-ranked stocks in the same sector are Apogee Enterprises, Inc. APOG , Lakeland Industries, Inc. LAKE and Deere & Company DE . On Jul 11, Terex CorporationTEX was upgraded to a Zacks Rank #2 (Buy), mainly driven by consistent progress on refocusing its portfolio and organizational structure. Going by the Zacks model, companies holding a Zacks Rank #2 have chances of performing better than the broader market in the quarters ahead.
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276b4625-25c1-42fd-8e28-ce1a88b2f2e2
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722334.0
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2017-07-11 00:00:00 UTC
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Middleby (MIDD) Downgraded to Sell, Macro Headwinds Linger
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https://www.nasdaq.com/articles/middleby-midd-downgraded-to-sell-macro-headwinds-linger-2017-07-11
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nan
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nan
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On Jul 11, The Middleby CorporationMIDD was downgraded to a Zacks Rank #4 (Sell) from a Zacks Rank #3 (Hold). Going by the Zacks model, companies carrying a Zacks Rank #4 have chances of performing weaker than the broader market over the upcoming quarters.
Over the last one month, Middleby's shares lost 8.84%, as against 1.11% growth registered by the Zacks categorized Machinery-General Industrial industry.
Reason for the Downgrade
Middleby's overseas businesses are exposed to currency translation risks. For instance, adverse foreign exchange impact lowered the company's top-line results by $13.3 million in first-quarter 2017. The company believes that a stronger U.S. dollar might continue to dent its foreign market revenue and profitability even in the quarters ahead.
Moreover, dismal oil prices are thwarting the oil companies' sales, thus significantly reducing the extent of Greenfield investments made in the sector. Lower investments made by the companies are hurting the sales of heavy equipment, machinery parts and steel producers, like Middleby.
Additionally, we believe that extensive industry rivalry might weaken Middleby's competency in the market, in turn denting its near-term top- and bottom-line performances. Furthermore, possibility of a sudden input price inflation remains a major concern.
Over the last 30 days, the Zacks Consensus Estimate for the stock also moved south for both 2017 and 2018, underlining negative market sentiment.
Stocks to Consider
Some better-ranked stocks in the industry are listed below:
Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company DE also sports a Zacks Rank #1 and has an average positive earnings surprise of 70.41% for the past four quarters.
AGCO Corporation AGCO carries a Zacks Rank #2 (Buy) at present and has an average positive earnings surprise of 40.39% for the trailing four quarters.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
The Middleby Corporation (MIDD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lower investments made by the companies are hurting the sales of heavy equipment, machinery parts and steel producers, like Middleby. Additionally, we believe that extensive industry rivalry might weaken Middleby's competency in the market, in turn denting its near-term top- and bottom-line performances. Deere & Company DE also sports a Zacks Rank #1 and has an average positive earnings surprise of 70.41% for the past four quarters.
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Stocks to Consider Some better-ranked stocks in the industry are listed below: Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report To read this article on Zacks.com click here. On Jul 11, The Middleby CorporationMIDD was downgraded to a Zacks Rank #4 (Sell) from a Zacks Rank #3 (Hold).
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Going by the Zacks model, companies carrying a Zacks Rank #4 have chances of performing weaker than the broader market over the upcoming quarters. Stocks to Consider Some better-ranked stocks in the industry are listed below: Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report To read this article on Zacks.com click here.
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On Jul 11, The Middleby CorporationMIDD was downgraded to a Zacks Rank #4 (Sell) from a Zacks Rank #3 (Hold). Stocks to Consider Some better-ranked stocks in the industry are listed below: Apogee Enterprises, Inc. APOG has an average positive earnings surprise of 3.42% for the last four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). Going by the Zacks model, companies carrying a Zacks Rank #4 have chances of performing weaker than the broader market over the upcoming quarters.
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2239cd87-68d6-40d4-b48d-1b1ee994d246
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722335.0
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2017-07-11 00:00:00 UTC
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Rockwell Automation Upgraded to Buy on Bright Prospects
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https://www.nasdaq.com/articles/rockwell-automation-upgraded-to-buy-on-bright-prospects-2017-07-11
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On Jul 11, Rockwell Automation Inc.ROK was upgraded by a notch to a Zacks Rank #2 (Buy). Going by the Zacks model, companies carrying a Zacks Rank #2 have better chances of performing above the broader market over the upcoming quarters.
Why the Upgrade?
Market sentiments has been favourable to Rockwell Automation for quite some time now, especially after the company reported better-than-expected results in the first half of fiscal 2017. Earnings surprise was a positive 20.69% in the first quarter while in the recently reported second-quarter fiscal 2017, earnings surpassed the Zacks Consensus Estimate by 10.71%. The company reported adjusted earnings per share of $1.55 in second-quarter fiscal 2017, up 13% from $1.37 earned in the prior-year quarter.
Year to date, Rockwell Automation's shares yielded a return of 23.7%, outperforming the 22.8% gain recorded by the Zacks categorized Industrial Automation and Robotics sub industry.
Backed by strong performance in first-half fiscal 2017, the company had increased fiscal 2017 sales growth guidance to the range of 4.5-7.5%. Further, it now anticipates adjusted earnings per share in the range of $6.45-$6.75. Compared with earnings per share of $5.93 in fiscal 2016, the mid-point of the range depicts a year-over-year climb of 11%. As the macro environment continues to improve, the consumer and transportation verticals are expected to deliver consistent growth. Heavy industries are anticipated to grow in 2017 despite the prevailing softness in oil and gas and mining.
Rockwell Automation's new Connected Enterprise (CE) integrated supply chain management system will be a catalyst. The company is increasing the number of industries, applications and geographies, as well as improving investments to expand the value of CE. With average profitability well above the corporate average, CE sales will be an integral part of Rockwell Automation's incremental growth and provide boost to margins over the next few years. Further, it remains active on the acquisition front. The company made three acquisitions during fiscal 2016 - Automation Control Products, MagneMotion and MAVERICK Technologies which further strengthened its technology differentiation, increased domain expertise and expanded presence in the markets.
Rockwell Automation continues to target long-term revenue growth of 6-8%, delivering double-digit EPS growth, return on invested capital (ROIC) of more than 20% over the long term and cash flow of around 100% of adjusted income. These long-term goals will be supported by the company's strategy of diversifying sales streams by way of expanding products portfolio, solutions and services as well as global presence. The company also aims to achieve growth rates in excess of the automation market by expanding its served market, strengthening competitive differentiation, and serving a wider range of industries and applications.
Rockwell Automation, Inc. Price and Consensus
Rockwell Automation, Inc. Price and Consensus | Rockwell Automation, Inc. Quote
Investors seem to be optimistic about Rockwell Automation's future prospects, as evident from year-over-year earnings growth of 11.96% for fiscal 2017 and 9.44% for fiscal 2018.
Other Stocks to Consider
Other top-ranked stocks in the same industry include Apogee Enterprises, Inc. APOG , Deere & Company DE and Lakeland Industries, Inc. LAKE . All the three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see t he complete list of today's Zacks #1 Rank stocks here .
Apogee has an average positive earnings surprise of 3.41% in the trailing four quarters. Deere generated an average positive earnings surprise of 70.41% in the last four quarters. Lakeland has an average positive earnings surprise of 49.26%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Rockwell Automation, Inc. (ROK): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Lakeland Industries, Inc. (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.
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On Jul 11, Rockwell Automation Inc.ROK was upgraded by a notch to a Zacks Rank #2 (Buy). Going by the Zacks model, companies carrying a Zacks Rank #2 have better chances of performing above the broader market over the upcoming quarters. Why the Upgrade?
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Rockwell Automation, Inc. Price and Consensus Rockwell Automation, Inc. Price and Consensus | Rockwell Automation, Inc. Quote Investors seem to be optimistic about Rockwell Automation's future prospects, as evident from year-over-year earnings growth of 11.96% for fiscal 2017 and 9.44% for fiscal 2018. Other Stocks to Consider Other top-ranked stocks in the same industry include Apogee Enterprises, Inc. APOG , Deere & Company DE and Lakeland Industries, Inc. LAKE . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Year to date, Rockwell Automation's shares yielded a return of 23.7%, outperforming the 22.8% gain recorded by the Zacks categorized Industrial Automation and Robotics sub industry. Rockwell Automation, Inc. Price and Consensus Rockwell Automation, Inc. Price and Consensus | Rockwell Automation, Inc. Quote Investors seem to be optimistic about Rockwell Automation's future prospects, as evident from year-over-year earnings growth of 11.96% for fiscal 2017 and 9.44% for fiscal 2018. Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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The company made three acquisitions during fiscal 2016 - Automation Control Products, MagneMotion and MAVERICK Technologies which further strengthened its technology differentiation, increased domain expertise and expanded presence in the markets. Rockwell Automation, Inc. Price and Consensus Rockwell Automation, Inc. Price and Consensus | Rockwell Automation, Inc. Quote Investors seem to be optimistic about Rockwell Automation's future prospects, as evident from year-over-year earnings growth of 11.96% for fiscal 2017 and 9.44% for fiscal 2018. Other Stocks to Consider Other top-ranked stocks in the same industry include Apogee Enterprises, Inc. APOG , Deere & Company DE and Lakeland Industries, Inc. LAKE .
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722336.0
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2017-07-11 00:00:00 UTC
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Five Scorching Hot Stocks Screaming Higher
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https://www.nasdaq.com/articles/five-scorching-hot-stocks-screaming-higher-2017-07-11
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It was all good until the Donald Jr. email hit the wires, then the market dipped quickly. Good news is for the most part the market recovered on into the close. The bad news is, the damage is done and what looked to be an extension of yesterday's rally flat ran out of gas.
Check out Dave's Daily Dive video above where I break down the market action today!!!
Each day I, Dave Bartosiak of Zacks.com ( Twitter @bartosiastics ) dive into the charts, pointing out key price action and levels for you to watch.
But it doesn't stop there because the highlight of today's video, which you can see for free by clicking above, is where I uncover five Zacks Rank #1 (Strong Buy) stocks that are breaking out to new 52-week highs today. These stocks have a ton of momentum behind them and are charging higher. The list of stocks he covers today include:
Calithera Biosciences CALA
Calithera Biosciences, Inc., a clinical-stage biopharmaceutical company, focuses on discovering and developing small molecule drugs directed against tumor metabolism and tumor immunology targets for the treatment of cancer in the United States. Its lead product candidate is CB-839, an inhibitor of glutaminase, which is in Phase Ib/2 clinical trials for the treatment of solid tumors. The company has a license agreement with Mars, Inc. to develop and commercialize Symbioscience's portfolio of arginase inhibitors for use in human healthcare; and license and research agreement with High Point Pharmaceuticals, LLC and TransTech Pharma LLC to develop and commercialize hexokinase II inhibitors.
Carolina Financial CARO
Calithera Biosciences, Inc. Price and Consensus
Calithera Biosciences, Inc. Price and Consensus | Calithera Biosciences, Inc. Quote
Carolina Financial Corporation operates as a bank holding company for CresCom Bank that provides a range of commercial and retail banking financial services in South Carolina and North Carolina. The company operates in Community Banking and Wholesale Mortgage Banking segments.
Deere & Co DE
Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide.
Exelixis EXEL
Exelixis, Inc., a biopharmaceutical company, engages in the discovery, development, and commercialization of new medicines with the potential to enhance care and outcomes for people with cancer. The company's products include CABOMETYX for the treatment of patients with advanced renal cell carcinoma, who have received prior anti-angiogenic therapy; and COMETRIQ for the treatment of patients with progressive, metastatic medullary thyroid carcinoma. Its CABOMETYX and COMETRIQ are derived from cabozantinib, an inhibitor of multiple tyrosine kinases, including MET, AXL, and VEGF receptors, which has shown clinical anti-tumor activity in approximately 20 forms of cancer and is the subject of a broad clinical development program. It also offers COTELLIC (cobimetinib), a selective inhibitor of MEK, in combination with vemurafenib for the treatment of patients with BRAF V600E or V600K mutation-positive advanced melanoma in the United States; and in combination with vemurafenib in other territories, including the European Union, Switzerland, Canada, Australia, and Brazil.
ING Group ING
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. The company operates through Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments.
Now See All Our Private Trades
While today's Zacks Rank #1 new additions are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for all Zacks trades >>
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
Carolina Financial Corporation (CARO): Free Stock Analysis Report
ING Group, N.V. (ING): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Exelixis, Inc. (EXEL): Free Stock Analysis Report
Calithera Biosciences, Inc. (CALA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The list of stocks he covers today include: Calithera Biosciences CALA Calithera Biosciences, Inc., a clinical-stage biopharmaceutical company, focuses on discovering and developing small molecule drugs directed against tumor metabolism and tumor immunology targets for the treatment of cancer in the United States. The company has a license agreement with Mars, Inc. to develop and commercialize Symbioscience's portfolio of arginase inhibitors for use in human healthcare; and license and research agreement with High Point Pharmaceuticals, LLC and TransTech Pharma LLC to develop and commercialize hexokinase II inhibitors. Check out Dave's Daily Dive video above where I break down the market action today!!!
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The list of stocks he covers today include: Calithera Biosciences CALA Calithera Biosciences, Inc., a clinical-stage biopharmaceutical company, focuses on discovering and developing small molecule drugs directed against tumor metabolism and tumor immunology targets for the treatment of cancer in the United States. Carolina Financial CARO Calithera Biosciences, Inc. Price and Consensus Calithera Biosciences, Inc. Price and Consensus | Calithera Biosciences, Inc. Quote Carolina Financial Corporation operates as a bank holding company for CresCom Bank that provides a range of commercial and retail banking financial services in South Carolina and North Carolina. Click to get this free report Carolina Financial Corporation (CARO): Free Stock Analysis Report ING Group, N.V. (ING): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Exelixis, Inc. (EXEL): Free Stock Analysis Report Calithera Biosciences, Inc. (CALA): Free Stock Analysis Report To read this article on Zacks.com click here.
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The list of stocks he covers today include: Calithera Biosciences CALA Calithera Biosciences, Inc., a clinical-stage biopharmaceutical company, focuses on discovering and developing small molecule drugs directed against tumor metabolism and tumor immunology targets for the treatment of cancer in the United States. Carolina Financial CARO Calithera Biosciences, Inc. Price and Consensus Calithera Biosciences, Inc. Price and Consensus | Calithera Biosciences, Inc. Quote Carolina Financial Corporation operates as a bank holding company for CresCom Bank that provides a range of commercial and retail banking financial services in South Carolina and North Carolina. Click to get this free report Carolina Financial Corporation (CARO): Free Stock Analysis Report ING Group, N.V. (ING): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Exelixis, Inc. (EXEL): Free Stock Analysis Report Calithera Biosciences, Inc. (CALA): Free Stock Analysis Report To read this article on Zacks.com click here.
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Carolina Financial CARO Calithera Biosciences, Inc. Price and Consensus Calithera Biosciences, Inc. Price and Consensus | Calithera Biosciences, Inc. Quote Carolina Financial Corporation operates as a bank holding company for CresCom Bank that provides a range of commercial and retail banking financial services in South Carolina and North Carolina. Check out Dave's Daily Dive video above where I break down the market action today!!! But it doesn't stop there because the highlight of today's video, which you can see for free by clicking above, is where I uncover five Zacks Rank #1 (Strong Buy) stocks that are breaking out to new 52-week highs today.
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722337.0
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2017-07-10 00:00:00 UTC
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AptarGroup (ATR) Hits 52-Week High on Strong Pharma Segment
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https://www.nasdaq.com/articles/aptargroup-atr-hits-52-week-high-on-strong-pharma-segment-2017-07-10
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With enhanced focus on innovative product launches and a robust Pharma segment, AptarGroup, Inc.ATR scaled a 52-week high of $88.55 on Jul 7, before closing at $88.09.
AptarGroup's shares climbed 20% year to date, outperforming the Zacks categorized Containers-Paper/Plastic sector's growth of 11.6%. The company has long-term earnings growth rate of 9.33%, making us confident of its innate strength.
AptarGroup has a healthy year-to-date return of 21% and a solid one-year return of 11.7%.
The stock has a market cap of $5.5 billion. Average volume of shares traded over the last three months is approximately 280K. We note that the company has beaten the Zacks Consensus Estimate in three out of the trailing four quarters, the average positive earnings surprise being 1.78%.
AptarGroup, Inc. Price and Consensus
AptarGroup, Inc. Price and Consensus | AptarGroup, Inc. Quote
Growth Catalysts
For second-quarter 2017, AptarGroup expects earnings to be in the range of 92-97 cents, the mid-point of the guidance reflects 9% year-over-year improvement. Growth will likely be stemmed by the Pharma and Food + Beverage segments. The Pharma segment continues to benefit from solid demand across its portfolio of devices.
During the first quarter, AptarGroup received an order for the first integrated electronic nasal lockout device approved by the EMA, following a multi-year development with Takeda Pharmaceuticals International AG.
Last year, the company entered into a partnership with Propeller Health - a leading digital platform for respiratory health management - to develop a fully integrated connected metered dose inhaler that combines electronic sensing, dose counting and wireless communicating capabilities.
Further, the company has signed an agreement to acquire a 20% minority ownership position in Kali Care, a Silicon Valley-based technology company. AptarGroup's leading dispensing technologies in combination with Kali Care's smart sensors, data analytics and cloud services have the prospects to become a valuable solution for clinicians. These strategic collaborations underline the company's endeavors to bring innovation in healthcare.
Notably, AptarGroup participated in several global beauty product launches, including Estée Lauder's revitalizing eye gel during the quarter. In addition, the company is expanding its presence in the growing color cosmetics market. Its dispensers were selected for two new global liquid foundations by Coty and LVMH.
Zacks Rank & Other Key Picks
At present, AptarGroup carries a Zacks Rank #2 (Buy).
Other top-ranked companies in the industrial products space include Apogee Enterprises, Inc. APOG , Deere & Company DE and Casella Waste Systems, Inc. CWST , each boasting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Apogee has expected long-term growth of 3.42%.
Deere has expected long-term growth of 70.41%.
Casella Waste has expected long-term growth of 187.78%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AptarGroup, Inc. (ATR): Free Stock Analysis Report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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During the first quarter, AptarGroup received an order for the first integrated electronic nasal lockout device approved by the EMA, following a multi-year development with Takeda Pharmaceuticals International AG. Notably, AptarGroup participated in several global beauty product launches, including Estée Lauder's revitalizing eye gel during the quarter. The company has long-term earnings growth rate of 9.33%, making us confident of its innate strength.
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Other top-ranked companies in the industrial products space include Apogee Enterprises, Inc. APOG , Deere & Company DE and Casella Waste Systems, Inc. CWST , each boasting a Zacks Rank #1 (Strong Buy). Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report To read this article on Zacks.com click here. The company has long-term earnings growth rate of 9.33%, making us confident of its innate strength.
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Other top-ranked companies in the industrial products space include Apogee Enterprises, Inc. APOG , Deere & Company DE and Casella Waste Systems, Inc. CWST , each boasting a Zacks Rank #1 (Strong Buy). Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report To read this article on Zacks.com click here. The company has long-term earnings growth rate of 9.33%, making us confident of its innate strength.
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The Pharma segment continues to benefit from solid demand across its portfolio of devices. Other top-ranked companies in the industrial products space include Apogee Enterprises, Inc. APOG , Deere & Company DE and Casella Waste Systems, Inc. CWST , each boasting a Zacks Rank #1 (Strong Buy). The company has long-term earnings growth rate of 9.33%, making us confident of its innate strength.
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2017-07-10 00:00:00 UTC
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8 Reasons to Steer Clear from Grainger (GWW) Stock for Now
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https://www.nasdaq.com/articles/8-reasons-to-steer-clear-from-grainger-gww-stock-for-now-2017-07-10
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W.W. Grainger, Inc.GWW has been disappointing investors of late. Shares of this provider of MRO solutions have plunged 22% year to date, due to its dismal first-quarter results and reduced outlook for 2017.
Should investors dump the stock from their portfolio? Let's find out.
Estimates Headed South
The estimates for the company for second-quarter 2017, fiscal 2017 and fiscal 2018 have moved south in the past 60 days, reflecting the negative outlook of analysts. For the second quarter, the estimate has gone down 3% to $2.61 per share in the past 60 days.
For fiscal 2017, the estimate has dipped 1% to $10.38. For fiscal 2018, the estimate has declined 2% to $10.97 per share.
Negative Earnings Surprise History
The company missed the Zacks Consensus Estimate in the last reported quarter by 4.32%. Further, it has an overall negative earnings surprise of 2.01% in the trailing four quarters.
Negative Growth Projections
The Zacks Consensus Estimate for the second quarter is pegged at $2.61, a 9.57% drop from $2.89 reported in second-quarter 2016. For fiscal 2017, the Zacks Consensus Estimate is pegged at $10.38, reflecting a 10.39% year-over-year decline.
Weak Q1, Lowered 2017 Guidance
Grainger's first-quarter 2017 adjusted earnings per share declined 9% year over year, due to the adverse effect of strategic pricing initiatives in the U.S.
Due to stronger-than-anticipated positive customer response to the U.S. strategic pricing actions, Grainger decided to accelerate pricing actions this year instead of 2018. However, the decision requires a significant reduction to the company's earnings per share guidance for 2017.
Accordingly, Grainger now guides sales growth of 1-4%, down from the earlier guidance of 2-6%. It estimates earnings per share to be in the range of $10.00-$11.30 compared with the previous band of $11.30-$12.40. Compared with the earnings of $11.58 in fiscal 2017, the mid-point of the guidance range depicts a year-over-year decline of 8%.
An Underperformer
Grainger has underperformed the Zacks categorized Industrial Services sub-industry with respect to price performance in the past two years. The stock lost around 21.3% while the industry dropped 18.3%.
Near-Term Headwinds Remain
The abovementioned pricing actions will affect results in 2017. The company now expects U.S. price deflation of 5% for the year and a gross margin contraction of 210 basis points in 2017. The price acceleration is a headwind to 2017 and 2018 gross margin.
Grainger's Canada segment remains a concern. The segment continues to be challenged due to elevated expenses. Additionally, the company's oil and gas, and energy exposure in Canada is very high. Consequently, fluctuation in oil prices will hamper the segment's results.
Lower Inventory Turnover Ratio
Over the trailing 12 months, the inventory turnover ratio for Grainger has been 4.35% compared with the industry's level of 5.07%. This is a signal of inefficiency, and implies either poor sales or excess inventory.
Unfavorable Zacks Rank
Grainger currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Better-ranked stocks in the same industry include are Apogee Enterprises, Inc. APOG , Deere & Company DE and Lakeland Industries, Inc. LAKE . All the three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Apogee has an average positive earnings surprise of 3.41% in the trailing four quarters. Deere generated an average positive earnings surprise of 70.41% in the last four quarters. Lakeland has an average positive earnings surprise of 49.26%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report
W.W. Grainger, Inc. (GWW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of this provider of MRO solutions have plunged 22% year to date, due to its dismal first-quarter results and reduced outlook for 2017. Estimates Headed South The estimates for the company for second-quarter 2017, fiscal 2017 and fiscal 2018 have moved south in the past 60 days, reflecting the negative outlook of analysts. For fiscal 2018, the estimate has declined 2% to $10.97 per share.
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Estimates Headed South The estimates for the company for second-quarter 2017, fiscal 2017 and fiscal 2018 have moved south in the past 60 days, reflecting the negative outlook of analysts. Weak Q1, Lowered 2017 Guidance Grainger's first-quarter 2017 adjusted earnings per share declined 9% year over year, due to the adverse effect of strategic pricing initiatives in the U.S. Due to stronger-than-anticipated positive customer response to the U.S. strategic pricing actions, Grainger decided to accelerate pricing actions this year instead of 2018. Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report W.W. Grainger, Inc. (GWW): Free Stock Analysis Report To read this article on Zacks.com click here.
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Weak Q1, Lowered 2017 Guidance Grainger's first-quarter 2017 adjusted earnings per share declined 9% year over year, due to the adverse effect of strategic pricing initiatives in the U.S. Due to stronger-than-anticipated positive customer response to the U.S. strategic pricing actions, Grainger decided to accelerate pricing actions this year instead of 2018. Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report W.W. Grainger, Inc. (GWW): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of this provider of MRO solutions have plunged 22% year to date, due to its dismal first-quarter results and reduced outlook for 2017.
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Weak Q1, Lowered 2017 Guidance Grainger's first-quarter 2017 adjusted earnings per share declined 9% year over year, due to the adverse effect of strategic pricing initiatives in the U.S. Due to stronger-than-anticipated positive customer response to the U.S. strategic pricing actions, Grainger decided to accelerate pricing actions this year instead of 2018. Here's another stock idea to consider. Shares of this provider of MRO solutions have plunged 22% year to date, due to its dismal first-quarter results and reduced outlook for 2017.
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2017-07-07 00:00:00 UTC
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Zacks Earnings Trends Highlights: American Airlines, United-Continental, Deere and Caterpillar
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https://www.nasdaq.com/articles/zacks-earnings-trends-highlights%3A-american-airlines-united-continental-deere-and
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For Immediate Release
Chicago, IL - July 07, 2017 - Zacks Director of Research Sheraz Mian says, "The Q2 earnings season takes the spotlight with quarterly reports from the big banks next week, but companies with fiscal quarters ending in May have been reporting results already."
Start of Q2 Earnings Season
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Here are the key points:
• The Q2 earnings season takes the spotlight with quarterly reports from the big banks next week, but companies with fiscal quarters ending in May have been reporting results already and these reports form part of our Q2 tally.
• Of such companies with fiscal quarters end in May, we have seen results from 23 S&P 500 members. This is too small a sample to draw any firm conclusions from. But for whatever it is worth, the growth and proportion of positive surprises for these 23 index members are tracking above what we had seen from the same cohort of companies in other recent periods.
• Q2 Estimates have come down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
• Total Q2 earnings for the S&P 500 index are expected to be up +5.7% from the same period last year on +4.6% higher revenues. The Energy, Aerospace, Finance, Technology, Construction and Industrial Products are expected to be big growth drivers in Q2, with the quarterly earnings growth pace dropping to +3.3% on an ex-Energy basis.
• Beyond Q2, total earnings for the S&P 500 index are currently expected to grow by +6.3% on +4.5% higher revenues in the September quarter and +9.8% on +5.3% higher revenues in Q4.
• For full-year 2017, total earnings for the index are expected to be up +7.4% on +4.2% higher revenues, which would follow +1.1% earnings growth on +2.1% higher revenues in 2016. Index earnings are expected to be up +11.3% in 2018 and +9.2% in 2019.
• The Energy, Technology and Finance sectors are the biggest earnings contributors in 2017 - 2017 earnings growth would be +4.8% on an ex-Energy basis.
This trend of negative revisions ahead of the start of each reporting cycles is not new; we have been seeing this play out quarter after quarter for more than 3 years. That said, the revisions trend has been moving in a favorable direction over the last two quarters and that same trend is even more at play in Q2 estimates. What this means is that while estimates for Q2 have come down, they haven't come down as much as would typically be the case by this time in other recent periods.
Estimates for 10 of the 16 Zacks sectors have come down since the start of the period, with Energy, Consumer Discretionary, Utilities, and Basic Materials suffering the most revisions.
Estimates for 6 Zacks sectors have gone up since the start of the period, with estimates for the Industrial Products and Transportation sectors going up the most. Positive estimate revisions for American Airlines (NASDAQ: AAL - Free Report ), United-Continental (NYSE: UAL - Free Report ), Deere & Company (NYSE: DE - Free Report ) and Caterpillar (NYSE: CAT - Free Report ) reflect revision trends for these two sectors. Technology, Aerospace, Business Services, and Construction are the other sectors where Q2 estimates have gone up since the start of the quarter.
Expectations for Q2 & Beyond
The Q2 earnings season will follow the strong showing in the preceding reporting cycle when growth reached its highest level in more than five years and an above-average proportion of companies beat revenue estimates. Importantly, estimates for Q2 didn't fall as much as had historically been the case, as mentioned earlier. The market will be looking for continuation of these favorable trends this earnings season, which has (officially) gotten underway already but wouldn't take the spotlight till next week, when the major banks come out with results (thankfully, Alcoa's report no longer serves that purpose).
Of the standout sectors, earnings growth is expected to be the strongest for the Energy (expected to be up +247.7%), Aerospace (+48.8%), Construction (+15.7%) and Industrial Products (+11.8%) sectors are expected to have double-digit earnings growth in Q2.
For Finance and Technology, the two biggest sectors in the index, earnings are expected to be up +5.9% and +10.1%, respectively. This would follow double-digit growth for both the sectors in the preceding period. Of these two major sectors, the Finance sector remains at risk of coming up short this earnings season for a number of reasons, including the unfavorable interest rate backdrop, the continued deceleration in loan growth and a likely sub-par capital markets showing.
Note: Sheraz Mian manages the Zacks equity research department. He is an acknowledged earnings expert whose commentaries and analyses appear on Zacks.com and in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview . He manages the Zacks Top 10 and Focus List portfolios and writes the Weekly Market Analysis article for Zacks Premium subscribers.
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Note: Sheraz Mian manages the Zacks equity research department. He is an acknowledged earnings expert whose commentaries and analyses appear on Zacks.com and in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview . He manages the Zacks Top 10 and Focus List portfolios and writes the Weekly Market Analysis article for Zacks Premium subscribers.
If you want an email notification each time Sheraz Mian publishes a new article, pleaseclick here>>>
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Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The market will be looking for continuation of these favorable trends this earnings season, which has (officially) gotten underway already but wouldn't take the spotlight till next week, when the major banks come out with results (thankfully, Alcoa's report no longer serves that purpose). His weekly earnings related articles include Earnings Trends and Earnings Preview . 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.
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Positive estimate revisions for American Airlines (NASDAQ: AAL - Free Report ), United-Continental (NYSE: UAL - Free Report ), Deere & Company (NYSE: DE - Free Report ) and Caterpillar (NYSE: CAT - Free Report ) reflect revision trends for these two sectors. His weekly earnings related articles include Earnings Trends and Earnings Preview . Get the full Report on AAL - FREE Get the full Report on UAL - FREE Get the full Report on DE - FREE Get the full Report on CAT - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts 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.
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Positive estimate revisions for American Airlines (NASDAQ: AAL - Free Report ), United-Continental (NYSE: UAL - Free Report ), Deere & Company (NYSE: DE - Free Report ) and Caterpillar (NYSE: CAT - Free Report ) reflect revision trends for these two sectors. His weekly earnings related articles include Earnings Trends and Earnings Preview . Get the full Report on AAL - FREE Get the full Report on UAL - FREE Get the full Report on DE - FREE Get the full Report on CAT - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts 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.
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His weekly earnings related articles include Earnings Trends and Earnings Preview . Click to get this free report American Airlines Group, Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • The Q2 earnings season takes the spotlight with quarterly reports from the big banks next week, but companies with fiscal quarters ending in May have been reporting results already and these reports form part of our Q2 tally.
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6441ed3a-fc66-4f17-90c0-67bff5fabbec
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722340.0
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2017-07-07 00:00:00 UTC
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Sonoco (SON) Arm to Increase Paperboard Prices in Europe
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https://www.nasdaq.com/articles/sonoco-son-arm-to-increase-paperboard-prices-in-europe-2017-07-07
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Sonoco Alcore S.a.r.l., a wholly owned subsidiary of Sonoco Products CompanySON , announced that it will raise the prices of all recycled paperboard grades sold in the company's European region.
The consumer packaging company has decided to raise the prices, owing to the constant rise in raw material costs as a result of increased demand. China`s National Sword initiative, new capacity within the paper packaging sector and improving European economy stemmed the inflated demand.
Thus, Sonoco decided to pass these increases to its customers. The company raised the prices of recycled paperboard by €50 per ton ($57 / ton). The price hike will be effective with shipments on or after Jul 17.
Sonoco Products Company Price
Sonoco Products Company Price | Sonoco Products Company Quote
In Mar 2017, Sonoco raised the prices of recycled paperboard by $64 (€60) per metric ton due to the same reason. Increase in costs can adversely affect the company's business and financial results, while the ability to pass them on to customers through price hike will improve productivity.
Sonoco is disappointed with the results from its single corrugated medium machine due to the lackluster market conditions. In addition, the slowdown in manufacturing in the U.S. and emerging markets, along with a stronger U.S. dollar, is expected to thwart its industrial businesses.
These factors affected Sonoco's price performance over the past one year. The stock gained around 0.9%, underperforming the Zacks classified Containers-Paper/Plastic sub-industry that gained 15.9% over the same time frame.
Sonoco currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same space include Apogee Enterprises, Inc. APOG , Casella Waste Systems, Inc. CWST and Deere & Company DE , each boasting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Apogee has an average positive earnings surprise of 3.42% in the trailing four quarters. Casella Waste delivered a remarkable average positive earnings surprise of 187.78% in the trailing four quarters. Deere & Company delivered an average positive earnings surprise of 70.41% in the last four quarters.
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Sonoco Products Company (SON): Free Stock Analysis Report
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Deere & Company (DE): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The consumer packaging company has decided to raise the prices, owing to the constant rise in raw material costs as a result of increased demand. Some better-ranked stocks in the same space include Apogee Enterprises, Inc. APOG , Casella Waste Systems, Inc. CWST and Deere & Company DE , each boasting a Zacks Rank #1 (Strong Buy). Sonoco Alcore S.a.r.l., a wholly owned subsidiary of Sonoco Products CompanySON , announced that it will raise the prices of all recycled paperboard grades sold in the company's European region.
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Some better-ranked stocks in the same space include Apogee Enterprises, Inc. APOG , Casella Waste Systems, Inc. CWST and Deere & Company DE , each boasting a Zacks Rank #1 (Strong Buy). Click to get this free report Sonoco Products Company (SON): Free Stock Analysis Report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report To read this article on Zacks.com click here. Sonoco Alcore S.a.r.l., a wholly owned subsidiary of Sonoco Products CompanySON , announced that it will raise the prices of all recycled paperboard grades sold in the company's European region.
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Sonoco Alcore S.a.r.l., a wholly owned subsidiary of Sonoco Products CompanySON , announced that it will raise the prices of all recycled paperboard grades sold in the company's European region. Click to get this free report Sonoco Products Company (SON): Free Stock Analysis Report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report To read this article on Zacks.com click here. The consumer packaging company has decided to raise the prices, owing to the constant rise in raw material costs as a result of increased demand.
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Some better-ranked stocks in the same space include Apogee Enterprises, Inc. APOG , Casella Waste Systems, Inc. CWST and Deere & Company DE , each boasting a Zacks Rank #1 (Strong Buy). Sonoco Alcore S.a.r.l., a wholly owned subsidiary of Sonoco Products CompanySON , announced that it will raise the prices of all recycled paperboard grades sold in the company's European region. The consumer packaging company has decided to raise the prices, owing to the constant rise in raw material costs as a result of increased demand.
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ad079682-90db-4993-b55c-9062fbc8af14
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722341.0
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2017-07-06 00:00:00 UTC
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Start of the Q2 Earnings Season
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DE
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https://www.nasdaq.com/articles/start-q2-earnings-season-2017-07-06-0
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nan
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Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Here are the key points:
• The Q2 earnings season takes the spotlight with quarterly reports from the big banks next week, but companies with fiscal quarters ending in May have been reporting results already and these reports form part of our Q2 tally.
• Of such companies with fiscal quarters end in May, we have seen results from 23 S&P 500 members. This is too small a sample to draw any firm conclusions from. But for whatever it is worth, the growth and proportion of positive surprises for these 23 index members are tracking above what we had seen from the same cohort of companies in other recent periods.
• Q2 Estimates have come down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
• Total Q2 earnings for the S&P 500 index are expected to be up +5.7% from the same period last year on +4.6% higher revenues. The Energy, Aerospace, Finance, Technology, Construction and Industrial Products are expected to be big growth drivers in Q2, with the quarterly earnings growth pace dropping to +3.3% on an ex-Energy basis.
• Beyond Q2, total earnings for the S&P 500 index are currently expected to grow by +6.3% on +4.5% higher revenues in the September quarter and +9.8% on +5.3% higher revenues in Q4.
• For full-year 2017, total earnings for the index are expected to be up +7.4% on +4.2% higher revenues, which would follow +1.1% earnings growth on +2.1% higher revenues in 2016. Index earnings are expected to be up +11.3% in 2018 and +9.2% in 2019.
• The Energy, Technology and Finance sectors are the biggest earnings contributors in 2017 - 2017 earnings growth would be +4.8% on an ex-Energy basis.
Estimates for Q2 came down since the start of the period, as the chart below shows
This trend of negative revisions ahead of the start of each reporting cycles is not new; we have been seeing this play out quarter after quarter for more than 3 years. That said, the revisions trend has been moving in a favorable direction over the last two quarters and that same trend is even more at play in Q2 estimates. What this means is that while estimates for Q2 have come down, they haven't come down as much as would typically be the case by this time in other recent periods.
Estimates for 10 of the 16 Zacks sectors have come down since the start of the period, with Energy, Consumer Discretionary, Utilities, and Basic Materials suffering the most revisions.
Estimates for 6 Zacks sectors have gone up since the start of the period, with estimates for the Industrial Products and Transportation sectors going up the most. Positive estimate revisions for American Airlines ( AAL ), United-Continental ( UAL ), Deere & Company ( DE ) and Caterpillar ( CAT ) reflect revision trends for these two sectors. Technology, Aerospace, Business Services, and Construction are the other sectors where Q2 estimates have gone up since the start of the quarter.
Expectations for Q2 & Beyond
The Q2 earnings season will follow the strong showing in the preceding reporting cycle when growth reached its highest level in more than five years and an above-average proportion of companies beat revenue estimates. Importantly, estimates for Q2 didn't fall as much as had historically been the case, as mentioned earlier. The market will be looking for continuation of these favorable trends this earnings season, which has (officially) gotten underway already but wouldn't take the spotlight till next week, when the major banks come out with results (thankfully, Alcoa's report no longer serves that purpose).
Of the standout sectors, earnings growth is expected to be the strongest for the Energy (expected to be up +247.7%), Aerospace (+48.8%), Construction (+15.7%) and Industrial Products (+11.8%) sectors are expected to have double-digit earnings growth in Q2.
For Finance and Technology, the two biggest sectors in the index, earnings are expected to be up +5.9% and +10.1%, respectively. This would follow double-digit growth for both the sectors in the preceding period. Of these two major sectors, the Finance sector remains at risk of coming up short this earnings season for a number of reasons, including the unfavorable interest rate backdrop, the continued deceleration in loan growth and a likely sub-par capital markets showing.
The chart below shows quarterly earnings growth expectations beyond Q2.
Note: Sheraz Mian manages the Zacks equity research department. He is an acknowledged earnings expert whose commentaries and analyses appear on Zacks.com and in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview . He manages the Zacks Top 10 and Focus List portfolios and writes the Weekly Market Analysis article for Zacks Premium subscribers.
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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
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
American Airlines Group, Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The market will be looking for continuation of these favorable trends this earnings season, which has (officially) gotten underway already but wouldn't take the spotlight till next week, when the major banks come out with results (thankfully, Alcoa's report no longer serves that purpose). You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • The Q2 earnings season takes the spotlight with quarterly reports from the big banks next week, but companies with fiscal quarters ending in May have been reporting results already and these reports form part of our Q2 tally. But for whatever it is worth, the growth and proportion of positive surprises for these 23 index members are tracking above what we had seen from the same cohort of companies in other recent periods.
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You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • The Q2 earnings season takes the spotlight with quarterly reports from the big banks next week, but companies with fiscal quarters ending in May have been reporting results already and these reports form part of our Q2 tally. Positive estimate revisions for American Airlines ( AAL ), United-Continental ( UAL ), Deere & Company ( DE ) and Caterpillar ( CAT ) reflect revision trends for these two sectors. Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report American Airlines Group, Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here.
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You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • The Q2 earnings season takes the spotlight with quarterly reports from the big banks next week, but companies with fiscal quarters ending in May have been reporting results already and these reports form part of our Q2 tally. Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report American Airlines Group, Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. But for whatever it is worth, the growth and proportion of positive surprises for these 23 index members are tracking above what we had seen from the same cohort of companies in other recent periods.
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report American Airlines Group, Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • The Q2 earnings season takes the spotlight with quarterly reports from the big banks next week, but companies with fiscal quarters ending in May have been reporting results already and these reports form part of our Q2 tally. But for whatever it is worth, the growth and proportion of positive surprises for these 23 index members are tracking above what we had seen from the same cohort of companies in other recent periods.
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722342.0
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2017-07-05 00:00:00 UTC
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A (Mostly) Strong Start to the Second Half
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https://www.nasdaq.com/articles/mostly-strong-start-second-half-2017-07-05
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SPECIAL NOTE: Technology is changing the world at lightning speed and at the center of everything is semiconductors. They make up the integrated circuits used in every electronic device in the world. The development and adoption of new tech has also been a major driving force for the markets and economy for years. That trend is likely to accelerate in the foreseeable future. Meaning that tech stocks will be some of the most profitable investments you'll find in the days to come. Our latest special report, "Conducting the Future of Technology: 4 Best Stocks in the $386 Billion Semiconductor Market," delves into semiconductors and highlights 4 stocks to buy early before the next big innovations really take off. Log on to Zacks.com to read it now.
The Dow had a solid start to the second half on Monday with a jump of 0.61% (or nearly 130 points) to 21,479.3. The S&P contributed with a 0.23% advance to 2429. Financials and energy led the way, helped by a solid ISM Manufacturing Index report that climbed to its highest level in about three years.
...And then there's the NASDAQ, which started the second half in the same way it finished the first. The index declined by 0.49% to 6110.1, which is ironic since the market just completed a strong first half thanks mainly to an impressive performance from technology.
Now we take a day off to celebrate the country's 241st birthday. When we meet up again on Wednesday, we'll be in the thick of the turn-of-the-month deluge of economic data, culminating on Friday with the government's jobs report. And before you know it, a new earnings season will begin.
Along the way, the editors will be watching tech closely to see when this weakness ends. In today's highlights section, Jeremy Mullin and Kevin Cook both offer their takes on the NASDAQ (the latter gives his outlook amid a new buy designed to protect from near-term volatility). Other activity in the portfolios today included a new buy from Stocks Under $10 and five swaps in this week's Black Box Trader adjustment. Read more below:
Today's Portfolio Highlights:
Stocks Under $10: Shares of TICC Capital Corp (TICC) have dropped by about $1 over the past few weeks, yet earnings estimates for this business development company have advanced enough to make the stock a Zacks Rank #2 (Buy). Brian sees opportunity in this scenario, so he picked up the stock for the portfolio on Monday. TICC provides capital to companies that are looking to grow organically or through acquisitions. In addition to the advantageous entry point and solid Zacks Rank, the editor is also impressed with its valuation. Read the complete commentary for a lot more on this new addition.
Black Box Trader: Half of the portfolio was swapped out on Monday, which included three profitable exits. The stocks that were sold today included:
• Cigna Corp. (CI, +3.6%)
• Caterpillar (CAT, +2.5%)
• Darden Restaurants (DRI, +1.4%)
• Ultra Clean Holdings (UCTT)
• Deere & Co (DE)
The new buys that replaced these names are:
• KB Home (KBH)
• BGC Partners (BGCP)
• Hartford Financial Services (HIG)
• Eastman Chemical (EMN)
• UnitedHealth Group (UNH)
Read the Black Box Trader's Guide to learn more about this computer-driven service designed to take the emotion out of investing.
TAZR Trader: The time to buy volatility is at moments of extreme complacency, which is what Kevin is seeing right now. The editor believes that the recent NASDAQ struggles are foreshadowing a generally weaker period in July before moving higher amid earnings season. To protect his NASDAQ-heavy portfolio, Kevin bought a 10% position in ProShares Ultra VIX Short-Term Futures ETF (UVXY) on Monday. The idea here is to circle the wagons as the NASDAQ tests lower supports and then switch to long positions once the bull resumes. The full write-up has more specifics.
Zacks Counterstrike:"Today was supposed to be a quiet holiday shortened session. However, the Nasdaq didn't seem to get the memo. While the S&P was relatively strong on the back of financials and energy, tech stocks were very weak. The Nasdaq was sold all day and closed 0.49% lower, while the S&P held its own and closed 0.23% higher.
"My thoughts on the further tech weakness are that this is more sector rotation and nothing more. We basically hit the 5580 NQ targets on today, printing 5581.25, so we will see if there is a nice bounce off that area on Wednesday.
"Let's take a look at the Nasdaq futures updated chart. We came very close to hitting targets today with a low of 5581.25 on the contract. This is only 1.25 points away from the targets I have been pointing to for a while. I consider targets hit after coming that close, so it is time to look for the next Fib setup. From the level hit today I would expect a bounce, so if I see some opportunity we will be buyers Wednesday." -- Jeremy Mullin
Have a Happy Fourth of July!
Jim Giaquinto
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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.
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In today's highlights section, Jeremy Mullin and Kevin Cook both offer their takes on the NASDAQ (the latter gives his outlook amid a new buy designed to protect from near-term volatility). The stocks that were sold today included: • Cigna Corp. (CI, +3.6%) • Caterpillar (CAT, +2.5%) • Darden Restaurants (DRI, +1.4%) • Ultra Clean Holdings (UCTT) • Deere & Co (DE) The new buys that replaced these names are: • KB Home (KBH) • BGC Partners (BGCP) • Hartford Financial Services (HIG) • Eastman Chemical (EMN) • UnitedHealth Group (UNH) Read the Black Box Trader's Guide to learn more about this computer-driven service designed to take the emotion out of investing. They make up the integrated circuits used in every electronic device in the world.
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Our latest special report, "Conducting the Future of Technology: 4 Best Stocks in the $386 Billion Semiconductor Market," delves into semiconductors and highlights 4 stocks to buy early before the next big innovations really take off. Other activity in the portfolios today included a new buy from Stocks Under $10 and five swaps in this week's Black Box Trader adjustment. They make up the integrated circuits used in every electronic device in the world.
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Our latest special report, "Conducting the Future of Technology: 4 Best Stocks in the $386 Billion Semiconductor Market," delves into semiconductors and highlights 4 stocks to buy early before the next big innovations really take off. Read more below: Today's Portfolio Highlights: Stocks Under $10: Shares of TICC Capital Corp (TICC) have dropped by about $1 over the past few weeks, yet earnings estimates for this business development company have advanced enough to make the stock a Zacks Rank #2 (Buy). The stocks that were sold today included: • Cigna Corp. (CI, +3.6%) • Caterpillar (CAT, +2.5%) • Darden Restaurants (DRI, +1.4%) • Ultra Clean Holdings (UCTT) • Deere & Co (DE) The new buys that replaced these names are: • KB Home (KBH) • BGC Partners (BGCP) • Hartford Financial Services (HIG) • Eastman Chemical (EMN) • UnitedHealth Group (UNH) Read the Black Box Trader's Guide to learn more about this computer-driven service designed to take the emotion out of investing.
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Read more below: Today's Portfolio Highlights: Stocks Under $10: Shares of TICC Capital Corp (TICC) have dropped by about $1 over the past few weeks, yet earnings estimates for this business development company have advanced enough to make the stock a Zacks Rank #2 (Buy). They make up the integrated circuits used in every electronic device in the world. The development and adoption of new tech has also been a major driving force for the markets and economy for years.
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e40b8e01-d527-4d25-8f4b-2f20f9bd3da1
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722343.0
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2017-07-05 00:00:00 UTC
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AGCO Corp (AGCO) to Grow on Expansion in Product Offering
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DE
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https://www.nasdaq.com/articles/agco-corp-agco-to-grow-on-expansion-in-product-offering-2017-07-05
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nan
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nan
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We issued an updated research report on AGCO CorporationAGCO on Jul 4. The manufacturer of farm equipment is likely to benefit from focus on product development. Increased investments through capital expenditures and engineering spend, as well as long-term capital allocation plan will also aid growth.
AGCO continues to invest in initiatives which will drive long-term benefits, raise the efficiency of factories, improve service levels, as well as strengthen the company's product offerings. The company's consistent efforts to refresh its full line of equipment, with focus on high horsepower products for the growing professional farming sector, as well as new products, will expand the current product offering.
AGCO's new products have been performing very well in the market as evident from the number of awards received in Feb 2017 at the SIMA Farm Show in Paris, including the Machine of the Year Award for the Massey Ferguson 6718 S.
Despite the soft demand environment, the company continues to make strategic investments. AGCO intends to increase the level of investment to execute product development plans, resulting in increased capital expenditures and engineering spend during 2017. The company's spending plan in 2017 is needed to maintain competitiveness and support the long-term prospects of its business.
In the first-quarter conference call, AGCO raised its net sales guidance to approximately $7.7 billion for 2017. The company projects earnings per share for 2017 to be approximately $2.70. For the long term, it expects elevated grain demand, driven by population growth and increased protein consumption, which will result in favorable income levels for farmers.
Despite these positives, AGCO underperformed the Zacks classified Machinery Farm sub-industry with respect to price performance over the past one year, mainly due to lower industry equipment demand and elevated expenses. The stock gained around 45.4%, while the industry recorded growth of 53.4%, over the same time frame.
AGCO currently carries a Zacks Rank #2 (Buy).
Other top-ranked stocks in the sector include Apogee Enterprises, Inc. APOG , Worthington Industries, Inc. WOR and Deere & Company DE . All three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Apogee has an average positive earnings surprise of 3.42% for the trailing four quarters.
Worthington generated an average positive earnings surprise of 4.05% over the past four quarters.
Deere has a remarkable average positive earnings surprise of 70.41% for the last four quarters.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
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
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Worthington Industries, Inc. (WOR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For the long term, it expects elevated grain demand, driven by population growth and increased protein consumption, which will result in favorable income levels for farmers. Despite these positives, AGCO underperformed the Zacks classified Machinery Farm sub-industry with respect to price performance over the past one year, mainly due to lower industry equipment demand and elevated expenses. The manufacturer of farm equipment is likely to benefit from focus on product development.
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AGCO intends to increase the level of investment to execute product development plans, resulting in increased capital expenditures and engineering spend during 2017. Other top-ranked stocks in the sector include Apogee Enterprises, Inc. APOG , Worthington Industries, Inc. WOR and Deere & Company DE . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Worthington Industries, Inc. (WOR): Free Stock Analysis Report To read this article on Zacks.com click here.
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AGCO's new products have been performing very well in the market as evident from the number of awards received in Feb 2017 at the SIMA Farm Show in Paris, including the Machine of the Year Award for the Massey Ferguson 6718 S. Despite the soft demand environment, the company continues to make strategic investments. Despite these positives, AGCO underperformed the Zacks classified Machinery Farm sub-industry with respect to price performance over the past one year, mainly due to lower industry equipment demand and elevated expenses. Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Worthington Industries, Inc. (WOR): Free Stock Analysis Report To read this article on Zacks.com click here.
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AGCO intends to increase the level of investment to execute product development plans, resulting in increased capital expenditures and engineering spend during 2017. Deere has a remarkable average positive earnings surprise of 70.41% for the last four quarters. The manufacturer of farm equipment is likely to benefit from focus on product development.
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2dee3417-977b-4d57-8642-2e5e1caf3c1f
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722344.0
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2017-07-05 00:00:00 UTC
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AGCO or Lincoln Electric: Which Stock Is More Enticing Now?
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DE
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https://www.nasdaq.com/articles/agco-or-lincoln-electric%3A-which-stock-is-more-enticing-now-2017-07-05
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nan
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nan
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Industrial production, a measure of output at factories, mines and utilities, and one of the leading economic indicators for the industrial stocks, rose at an annual rate of 1.5 % in first-quarter 2017. The momentum continues in the second quarter with U.S. industrial production logging growth of 1.1% in April compared with March, marking its biggest gain since Feb 2014. Industrial production remained unchanged in May compared with April.
The industrial products sector (one of the 16 broad Zacks sectors) also put up a 28.5% growth in earnings in first-quarter 2017 and 11.9% growth in earnings is projected in second-quarter 2017. The Industrial Products sector is one of the three sectors projected to log a double-digit growth in the second quarter. (Read more: Taking Stock of the Earnings Picture )
Economic indicators are indicating a healthy business environment for the industrial sector. Government policies encouraging better trade relations along with increase in infrastructural investments, job creation and high consumer-end demand will support growth going ahead. Trump administration's plan to invest significantly in the country's infrastructure, if implemented, will boost growth of the industrial sector.
Thus, the industrial products sector is currently enjoying a Zacks Sector Rank of 4, which puts it in the top 25% of the 16 sectors in our coverage. In the past one year, the industrial products sector has clocked a gain of 28.8%, ahead of the S&P 500's climb of 17.3%.
In this context, we focus on two industrial stocks, AGCO Corp. AGCO and Lincoln Electric Holdings, Inc. LECO . AGCO is a leading manufacturer and distributor of agricultural equipment and related replacement parts with a market capitalization of $5.40 billion. Lincoln Electric is a manufacturer and reseller of welding and cutting products with a market capitalization of $6.06 billion.
While both the stocks carry a Zacks Rank #2 (Buy), it will be interesting to see which stock is better positioned in terms of fundamentals. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Other top-ranked stocks in the same industry that are worth considering include Deere & Company DE sporting a Zacks Rank #1 and Alamo Group, Inc. ALG , carrying a Zacks Rank #2.
Price Performance
In the last year, the Machinery industry has witnessed an increase of 38.8% while the industrial products sector rose 25.1%. Both Lincoln Electric and AGCO have outpaced the industry and the sector with a respective 59.4% and 45.4% surge. This round goes to Lincoln Electric without a question.
Valuation
The EV/EBITDA metric is usually used to compare two stocks within the same industry or sector and has an edge over other metrics such as P/E because it is not affected by the different capital structures of the two companies.
Compared with machinery industry's EV/EBITDA ratio of 12.42, Lincoln Electric is over-priced, with a reading of 16.36. Meanwhile, AGCO is much cheaper with a trailing 12-month EV/EBITDA of 10.59. Clearly, AGCO is cheaper in terms of valuation.
Inventory Turnover Ratio
In the last year, the inventory turnover ratio for AGCO and Lincoln Electric has been 3.48% and 5.39%, respectively, compared with the machinery industry's level of 3.88%.
Lincoln Electric's higher inventory turnover than the industry average means that inventory is sold at a faster rate, suggesting inventory management effectiveness. Further, a high inventory turnover rate means less company resources are tied up in inventory and it is able to manage inventory effectively to generate revenues and avoid wastage. Clearly, Lincoln Electric has scored better on this front.
Return on Assets
Return on assets (ROA) is one of the key financial ratios for industrial companies as they rely heavily on inventory to create revenues. An above-average ROA denotes that the company in question is generating earnings by effectively managing assets.
AGCO and Lincoln Electric's ROA for the trailing 12-months (TTM) is 2.79% and 11.97%, respectively. Lincoln Electric has scored above the industry's level of 4.29% while AGCO falls short. This round belongs to Lincoln Electric.
Dividend Yield
In the last one-year period, AGCO's dividend yield was pegged at 0.82% while Lincoln Electric's is higher at 1.51%. Though both have a dividend yield lower than the machinery industry's dividend yield of 1.66%, on a comparative basis, Lincoln Electric scores better.
Debt- to- Capital
Both Lincoln Electric and AGCO have lower debt-to-capital ratio of 47.36% and 39.65% respectively compared with the industry average of 68.45%. However, AGCO holds an edge here.
Earnings Performance in the Last Quarter
AGCO reported an adjusted loss of $0.02 per share in first-quarter 2017, as against earnings of $0.11 per share recorded in first-quarter 2016. The loss reported in the quarter was, however, narrower than the Zacks Consensus Estimate of a loss of $0.17.
Lincoln Electric reported earnings of $0.88 per share in first-quarter 2017, up 16% year over year. Earnings also surpassed the Zacks Consensus Estimate of $0.79.
Earnings Surprise History
Taking a look at both the companies surprise history, AGCO has outpaced the Zacks Consensus Estimate in all the four trailing quarters, with an average positive earnings surprise history of 40.39%. Meanwhile, Lincoln Electric has delivered positive earnings surprises in the trailing four quarters, generating an average positive earnings surprise of 4.66%.
Earnings Estimate Revisions, Growth
On one hand, earnings estimates for Lincoln Electric have gone up 0.3% for fiscal 2017 and 0.2% for fiscal 2018 in the past 60 days. On the other hand, estimates for AGCO have gone up 0.7% and 1.8%.
AGCO's fiscal 2017 earnings estimates reflects a year-over-year growth of 12.06% while the fiscal 2018 earnings estimate reflects a year-over-year growth of 23.69%. Lincoln Electric's earnings estimates for fiscal 2017 and fiscal 2018 depict a projected growth of 11.69% and 9.59%, respectively. AGCO has expected earnings per share growth rate of 12.41%, much higher than Lincoln Electric's 9.90. AGCO is a clear winner here.
Conclusion
Our comparative analysis shows that Lincoln Electric holds an edge over AGCO when considering price performance, profitability, inventory turnover and dividend yield. However, when considering valuation, leverage, earnings surprise history and earnings growth projections, AGCO seems to be the preferred stock. Since the scales are balanced, both these Zacks Rank #2 stocks would make great additions to your portfolio.
Today's Stocks from Zacks' Hottest Strategies
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
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
Lincoln Electric Holdings, Inc. (LECO): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Alamo Group, Inc. (ALG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Government policies encouraging better trade relations along with increase in infrastructural investments, job creation and high consumer-end demand will support growth going ahead. Conclusion Our comparative analysis shows that Lincoln Electric holds an edge over AGCO when considering price performance, profitability, inventory turnover and dividend yield. Other top-ranked stocks in the same industry that are worth considering include Deere & Company DE sporting a Zacks Rank #1 and Alamo Group, Inc. ALG , carrying a Zacks Rank #2.
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Other top-ranked stocks in the same industry that are worth considering include Deere & Company DE sporting a Zacks Rank #1 and Alamo Group, Inc. ALG , carrying a Zacks Rank #2. Click to get this free report Lincoln Electric Holdings, Inc. (LECO): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Alamo Group, Inc. (ALG): Free Stock Analysis Report To read this article on Zacks.com click here. Government policies encouraging better trade relations along with increase in infrastructural investments, job creation and high consumer-end demand will support growth going ahead.
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Click to get this free report Lincoln Electric Holdings, Inc. (LECO): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Alamo Group, Inc. (ALG): Free Stock Analysis Report To read this article on Zacks.com click here. Government policies encouraging better trade relations along with increase in infrastructural investments, job creation and high consumer-end demand will support growth going ahead. Other top-ranked stocks in the same industry that are worth considering include Deere & Company DE sporting a Zacks Rank #1 and Alamo Group, Inc. ALG , carrying a Zacks Rank #2.
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Conclusion Our comparative analysis shows that Lincoln Electric holds an edge over AGCO when considering price performance, profitability, inventory turnover and dividend yield. Government policies encouraging better trade relations along with increase in infrastructural investments, job creation and high consumer-end demand will support growth going ahead. Other top-ranked stocks in the same industry that are worth considering include Deere & Company DE sporting a Zacks Rank #1 and Alamo Group, Inc. ALG , carrying a Zacks Rank #2.
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029fe8fa-d3cd-4002-be71-a9dfa78d5160
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722345.0
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2017-07-03 00:00:00 UTC
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Terex (TEX) Hits New 52-Week High: Is More Upside Left?
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DE
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https://www.nasdaq.com/articles/terex-tex-hits-new-52-week-high%3A-is-more-upside-left-2017-07-03
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nan
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nan
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Terex CorporationTEX touched a fresh 52-week high of $37.90 on Jun 30, before retracing to close the day at $37.50.
Terex has a market cap of roughly $3.7 billion and the average volume of shares traded in the last three months is around 1.77M. It has a healthy year-to-date return of 19.5% and a solid one-year return of 90%.
In the last six months, Terex has outperformed the Zacks categorized Machinery-Construction/Mining industry. The company's shares have gained around 15.4% during this period compared with the industry's growth of 12.8%.
Positive earnings estimate revisions for 2017 and 2018 and earnings growth projection of 18.43% for the next five years, indicate the stock's potential for further price appreciation. We note that the company has beaten the Zacks Consensus Estimate in three out of the trailing four quarters, with animpressive average positive earnings surprise of 122.61%.
Terex Corporation Price and Consensus
Terex Corporation Price and Consensus | Terex Corporation Quote
Growth Catalysts
In the first-quarter conference call, Terex raised its 2017 earnings per share outlook to the range of 80-95 cents. The company expects interest savings of approximately $35 million on an annualized basis. Terex will continue to implement cost-reduction plans over the balance of 2017. Moreover, it continues to reduce its cost structure with emphasis on general and administrative expenses, which will drive growth.
Further, Terex took additional steps in the first quarter to focus on its core Aerial Work Platforms, Cranes and Material Processing businesses. A major step was closing the MHPS sale on schedule in Jan 2017. It also completed the previously announced sale of dumper and loader backhoe business based in Coventry, England.
In March, the company announced the agreement to sell its India loader backhoe business. These sales represented an important milestone as they were the last significant assets held for sale in the company's former construction segment. The only asset remaining to sell is the Brazilian Utilities business.
Notably, Terex rolled out an assessment of its global services, parts and lifecycle solutions. The company remains focused on deploying sales management and pipeline tracking tools in its global mobile cranes business in AWP North America. Moreover, Terex's efforts to maximize the opportunities to leverage its global spend will stoke growth.
Zacks Rank & Key Picks
Terex currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth considering in the same sector are Deere & Company DE , Apogee Enterprises, Inc. APOG and Colfax Corporation CFX . All three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deere has an average positive earnings surprise of 70.41% for the trailing four quarters. Apogee delivered an average positive earnings surprise of 3.42% in the last four quarters. Colfaxhas delivered an average positive earnings surprise of 9.45% in the last four quarters.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations 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
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Terex Corporation (TEX): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Colfax Corporation (CFX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company remains focused on deploying sales management and pipeline tracking tools in its global mobile cranes business in AWP North America. 5 Trades Could Profit "Big-League" from Trump Policies If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
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Some better-ranked stocks worth considering in the same sector are Deere & Company DE , Apogee Enterprises, Inc. APOG and Colfax Corporation CFX . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Terex Corporation (TEX): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Colfax Corporation (CFX): Free Stock Analysis Report To read this article on Zacks.com click here. Terex has a market cap of roughly $3.7 billion and the average volume of shares traded in the last three months is around 1.77M.
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Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Terex Corporation (TEX): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Colfax Corporation (CFX): Free Stock Analysis Report To read this article on Zacks.com click here. Terex has a market cap of roughly $3.7 billion and the average volume of shares traded in the last three months is around 1.77M. It also completed the previously announced sale of dumper and loader backhoe business based in Coventry, England.
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Some better-ranked stocks worth considering in the same sector are Deere & Company DE , Apogee Enterprises, Inc. APOG and Colfax Corporation CFX . Terex has a market cap of roughly $3.7 billion and the average volume of shares traded in the last three months is around 1.77M. It also completed the previously announced sale of dumper and loader backhoe business based in Coventry, England.
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37eea8b9-12f7-4337-a393-a5a16321ac60
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722346.0
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2017-07-03 00:00:00 UTC
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Lindsay Hits New 52-Week High on Strong Q3 Results & Outlook
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DE
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https://www.nasdaq.com/articles/lindsay-hits-new-52-week-high-on-strong-q3-results-outlook-2017-07-03
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nan
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nan
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Shares of Lindsay CorporationLNN scaled a new 52-week high of $92.74 during trading session on Jun 30, following its third-quarter fiscal 2017 results ended May 31, 2017. The company eventually closed the trading session a little lower at $89.25.
This Omaha, NE-based leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems, has a market cap of roughly $975 million. The average volume of shares traded in the last three months is around 71.57K.
Year to date, Lindsay's stock has outperformed the Zacks categorized Machinery-Farm industry. While the stock has gained 20.5%, the Zacks sub-industry recorded 19.5% growth.
Positive earnings estimate revisions for 2017 and 2018 as well as earnings growth expectation of 13.50% for the next five years indicate the stock's potential for further price appreciation.
Growth Drivers
Lindsay reported third-quarter fiscal 2017 (ended May 31, 2017) earnings of $1.02 per share compared with 90 cents per share recorded in the prior-year quarter. Earnings surpassed the Zacks Consensus Estimate of 92 cents, generating a positive earnings surprise of around 10.9%. The company delivered an average positive earnings surprise of 3.29% in the trailing four quarters.
The company's backlog as of May 31, 2017, was $70.1 million compared with $61.2 million as of May 31, 2016.
Further, it expects that stabilization in the U.S. irrigation equipment market, a consistent recovery in Brazil and increased project activity in developing international markets will drive growth. The company also stated that its irrigation operating margin performance in the U.S. will likely benefit from the strength and growth of technology products. Further, growers' sentiment in the U.S. has been displaying signs of improvement.
Moreover, Lindsay is poised to gain from improving activity levels in the international irrigation and infrastructure markets. Additionally, population growth, increased food production, efficient water use and infrastructure upgrades are likely to propel long-term growth.
Lindsay Corporation Price and Consensus
Lindsay Corporation Price and Consensus | Lindsay Corporation Quote
In the last seven days, the Zacks Consensus Estimate for the stock increased 4% to $2.25 for fiscal 2017 and 3% to $3.04 for fiscal 2018.
Zacks Rank & Stocks to Consider
Lindsay currently carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the same space include Deere & Company DE , AGCO Corporation AGCO and Alamo Group Inc. ALG .
Deere's earnings estimate for fiscal 2017 climbed 31% to $6.31 in the past 60 days and for fiscal 2018 moved north 23% to $6.83. The stock flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
The Zacks Consensus Estimate for AGCO Corporation has gone up 11% for 2017 and 10% for 2018 in the last 60 days. AGCO carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Alamo Group for fiscal 2017 and fiscal 2018 have both moved up 3% in the past 60 days. The stock carries a Zacks Rank #2.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations 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
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Lindsay Corporation (LNN): Free Stock Analysis Report
Alamo Group, Inc. (ALG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This Omaha, NE-based leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems, has a market cap of roughly $975 million. 5 Trades Could Profit "Big-League" from Trump Policies If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
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Other top-ranked stocks in the same space include Deere & Company DE , AGCO Corporation AGCO and Alamo Group Inc. ALG . Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Lindsay Corporation (LNN): Free Stock Analysis Report Alamo Group, Inc. (ALG): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Lindsay CorporationLNN scaled a new 52-week high of $92.74 during trading session on Jun 30, following its third-quarter fiscal 2017 results ended May 31, 2017.
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Zacks Rank & Stocks to Consider Lindsay currently carries a Zacks Rank #2 (Buy). Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Lindsay Corporation (LNN): Free Stock Analysis Report Alamo Group, Inc. (ALG): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Lindsay CorporationLNN scaled a new 52-week high of $92.74 during trading session on Jun 30, following its third-quarter fiscal 2017 results ended May 31, 2017.
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While the stock has gained 20.5%, the Zacks sub-industry recorded 19.5% growth. Growth Drivers Lindsay reported third-quarter fiscal 2017 (ended May 31, 2017) earnings of $1.02 per share compared with 90 cents per share recorded in the prior-year quarter. Shares of Lindsay CorporationLNN scaled a new 52-week high of $92.74 during trading session on Jun 30, following its third-quarter fiscal 2017 results ended May 31, 2017.
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83e8fa71-7f45-4fa9-bac4-63e3fda96581
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722347.0
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2017-06-30 00:00:00 UTC
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6 Reasons that Make Avery Dennison (AVY) a Solid Pick Now
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DE
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https://www.nasdaq.com/articles/6-reasons-that-make-avery-dennison-avy-a-solid-pick-now-2017-06-30
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nan
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nan
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Avery Dennison CorporationAVY stock looks promising at the moment. We are optimistic about the company's prospects and believe that the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead.
Let's delve deeper in to the factors that make this producer of pressure-sensitive materials an attractive investment option.
What's Working in Favor of Avery Dennison?
Solid Rank: Avery Dennison currently carries a Zacks Rank #2 (Buy). Going by the Zacks model, companies carrying a Zacks Rank #2 have chances of performing better than the broader market in the quarters ahead. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
An Outperformer: Avery Dennison's shares climbed 24% in the past one year, outperforming the Zacks categorized Office Supplies & Forms sub industry's growth of 21.4%.
Strong Q1, Upbeat Guidance: Avery Dennison reported adjusted earnings of $1.11 per share in first-quarter 2017, which climbed 18% from 94 cents recorded in the year-ago quarter. For 2017, the company raised adjusted earnings per share guidance range to $4.50-$4.65 from the prior band of $4.30-$4.50, reflecting stronger operating outlook and lower expected full-year tax rate. It anticipates organic sales growth of 3.5-4.5% for the full year, reflecting solid results in the first quarter. Further, the company expects to deliver its sixth consecutive year of a double-digit increase in EPS and solid organic sales growth.
Positive Earnings Surprise History: Avery Dennison topped the Zacks Consensus Estimate in the last reported quarter, recording a positive surprise of 6.73%. In the trailing four quarters, the company posted an average positive earnings surprise of 5.53%.
Positive Growth Projections: The Zacks Consensus Estimate for earnings is $4.58 for fiscal 2017 which reflects a year-over-year growth of 13.93%. For fiscal 2018, the Zacks Consensus Estimate for earnings is pegged at $4.99, year-over-year growth of 8.88%.
Avery Dennison has long-term expected earnings per share growth of 7%.
Growth Drivers in Place: Avery Dennison's Label and Graphic Materials segment continues to deliver strong margins on the back of 5% organic growth. This group is the company's largest and highest-return business. In the past four years, the business has consistently generated organic growth within its targeted range of 4-5%. The new Industrial and Healthcare Materials segment will return to a solid growth trajectory by the middle of the year when the bulk of the headwinds in healthcare will be over.
Avery Dennison witnessed volumes increase across customer categories over the last few quarters despite a difficult retail apparel market, demonstrating early success of its multi-year transformation strategy. The company's effort to reduce complexity as well as focus on cost structure, and use lower-cost locally sourced materials will support more competitive pricing.
The company will continue to increase the pace of investment to leverage specialty labels, graphics, and reflective solutions business, as demonstrated by the acquisitions of Mactac Europe, Hanita Coatings, and Ink Mill, as well as its investment to expand the plant in Luxembourg. Further, Avery Dennison has agreed to acquire Yongle Tape Company Ltd., a manufacturer of specialty tapes and related products used in a variety of industrial markets, including the global automotive industry. Additionally, it has acquired Longford, Ireland-based Finesse Medical, a maker of materials used for wound care and skin treatments. Finesse Medical's product portfolio of silicone gels and polyurethane foam dressings will complement Avery Dennison's products in wound care. Further, its converting and packaging capabilities will enable the company to offer expanded manufacturing services to customers.
Other Stocks to Consider
Other top-ranked stocks worth considering in the same sector are AGCO Corp. AGCO , Deere & Company DE and Lakeland Industries, Inc. LAKE . All three stocks flaunt a Zacks Rank #1.
AGCO has an average positive earnings surprise of 40.39% in the trailing four quarters. Deere generated an average positive earnings surprise of 70.41% in the last four quarters, while Lakeland Industries has an average positive earnings surprise of 49.26% in the preceding four quarters.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations 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
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Avery Dennison Corporation (AVY): Free Stock Analysis Report
Lakeland Industries, Inc. (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.
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Avery Dennison witnessed volumes increase across customer categories over the last few quarters despite a difficult retail apparel market, demonstrating early success of its multi-year transformation strategy. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. Avery Dennison CorporationAVY stock looks promising at the moment.
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Positive Earnings Surprise History: Avery Dennison topped the Zacks Consensus Estimate in the last reported quarter, recording a positive surprise of 6.73%. Other Stocks to Consider Other top-ranked stocks worth considering in the same sector are AGCO Corp. AGCO , Deere & Company DE and Lakeland Industries, Inc. LAKE . Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Positive Earnings Surprise History: Avery Dennison topped the Zacks Consensus Estimate in the last reported quarter, recording a positive surprise of 6.73%. Deere generated an average positive earnings surprise of 70.41% in the last four quarters, while Lakeland Industries has an average positive earnings surprise of 49.26% in the preceding four quarters. Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Positive Earnings Surprise History: Avery Dennison topped the Zacks Consensus Estimate in the last reported quarter, recording a positive surprise of 6.73%. Avery Dennison has long-term expected earnings per share growth of 7%. Growth Drivers in Place: Avery Dennison's Label and Graphic Materials segment continues to deliver strong margins on the back of 5% organic growth.
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9d9fffde-8f51-4431-87f2-5909d837a20c
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722348.0
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2017-06-30 00:00:00 UTC
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Apogee (APOG) to Benefit from Acquisitions, Backlog Growth
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DE
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https://www.nasdaq.com/articles/apogee-apog-to-benefit-from-acquisitions-backlog-growth-2017-06-30
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nan
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nan
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On Jun 29, we issued an updated research report on Apogee Enterprises, Inc.APOG . The company is poised to benefit from acquisitions, improving architectural market, and growth in backlog and bidding activity. Focus on operational improvements, as well as expansion in new geographies and markets also remain tailwinds.
In the first-quarter conference call, Apogee updated its earnings per share guidance to $3.65-$3.85. The company also lifted its revenue growth outlook to 26-28%. The raised guidance is backed by internal market visibility from backlog, commitments and bidding activity, and positive external metrics, including forecasts for mid-single digit U.S. commercial construction market growth in 2017.
Apogee remains active on the acquisition front. Over the last six months, Apogee acquired two companies - Sotawall and EFCO. Sotawall will contribute to Apogee's revenue and margin growth in commercial construction markets. Furthermore, the EFCO acquisition will help in expanding Apogee's presence in the midsized commercial buildings, broaden its product offerings and enhance its geographic presence across the U.S.
The EFCO acquisition will also aid to capture $10-$15 million in annual synergies, by fiscal 2020. Moreover, with the addition of EFCO and Sotawall, Apogee will be able to add approximately $1.4 billion in revenues in fiscal 2018.
Notably, Apogee remains focused on better positioning itself over a cycle, including growing its share of mid-size projects in architectural glass, expanding its geographic presence and product offerings. Thus, the company's efforts on productivity improvement, cost control and improvements in volume, mix, project margins and operating leverage will aid margin expansion.
In addition, Apogee continues to expect mid-single digit U.S. commercial construction market growth in fiscal 2018, as market activity, the Architecture Billings Index (ABI), office employment indicate a positive momentum. The ABI reported a score of 52.6 for Jun 2017, the fifth straight month that the index has remained positive.
Moreover, Apogee has outperformed the Zacks classified Glass Products sub-industry with respect to price performance over the past two years. The stock gained around 6.2%, while the industry recorded growth of 3.3% over the same time frame.
Apogee currently sports a Zacks Rank #1 (Strong Buy).
Other similarly-ranked stocks in the sector include AGCO Corporation AGCO , Colfax Corporation CFX and Deere & Company DE . You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has an average positive earnings surprise of 40.39% for the trailing four quarters.
Colfax generated an average positive earnings surprise of 9.45% over the past four quarters.
Deere has a remarkable average positive earnings surprise of 70.41% for the last four quarters.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations 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
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Colfax Corporation (CFX): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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5 Trades Could Profit "Big-League" from Trump Policies If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. Furthermore, the EFCO acquisition will help in expanding Apogee's presence in the midsized commercial buildings, broaden its product offerings and enhance its geographic presence across the U.S.
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In addition, Apogee continues to expect mid-single digit U.S. commercial construction market growth in fiscal 2018, as market activity, the Architecture Billings Index (ABI), office employment indicate a positive momentum. Other similarly-ranked stocks in the sector include AGCO Corporation AGCO , Colfax Corporation CFX and Deere & Company DE . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Colfax Corporation (CFX): Free Stock Analysis Report To read this article on Zacks.com click here.
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In addition, Apogee continues to expect mid-single digit U.S. commercial construction market growth in fiscal 2018, as market activity, the Architecture Billings Index (ABI), office employment indicate a positive momentum. Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Colfax Corporation (CFX): Free Stock Analysis Report To read this article on Zacks.com click here. Furthermore, the EFCO acquisition will help in expanding Apogee's presence in the midsized commercial buildings, broaden its product offerings and enhance its geographic presence across the U.S.
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Furthermore, the EFCO acquisition will help in expanding Apogee's presence in the midsized commercial buildings, broaden its product offerings and enhance its geographic presence across the U.S. In addition, Apogee continues to expect mid-single digit U.S. commercial construction market growth in fiscal 2018, as market activity, the Architecture Billings Index (ABI), office employment indicate a positive momentum. The ABI reported a score of 52.6 for Jun 2017, the fifth straight month that the index has remained positive.
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125bf7bf-cbc6-49f5-8cc8-d4f259fb9eed
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722349.0
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2017-06-30 00:00:00 UTC
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Lindsay (LNN) Q3 Earnings Beat Estimates, Outlook Impressive
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DE
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https://www.nasdaq.com/articles/lindsay-lnn-q3-earnings-beat-estimates-outlook-impressive-2017-06-30
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nan
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nan
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Lindsay CorporationLNN reported third-quarter fiscal 2017 (ended May 31, 2017) earnings of $1.02 per share compared with 90 cents per share recorded in the prior-year quarter. Earnings surpassed the Zacks Consensus Estimate of 92 cents, generating a positive earnings surprise of around 10.9%.
The irrigation equipment manufacturer reported revenues of $152 million, beating the Zacks Consensus Estimate of $145 million. Revenues increased nearly 7.2% on a year-over-year basis.
Irrigation segment revenues were up 2% year over year to $120 million. U.S irrigation and international irrigation revenues both recorded 2% growth. Domestic irrigation revenues increased mainly due to higher average selling prices and improved irrigation equipment unit volume. International irrigation revenues were up primarily on the back of the continuation of a notable recovery in Brazil, increased project activity in developing markets, and a slightly favorable currency translation impact.
Lindsay Corporation Price, Consensus and EPS Surprise
Lindsay Corporation Price, Consensus and EPS Surprise | Lindsay Corporation Quote
Infrastructure segment revenues surged 31% to $31.5 million, driven by higher Road Zipper system sales and lease revenue, as well as rise in sales of road safety products in international markets.
Operational Update
Cost of operating revenues increased 6% year over year to $105.6 million. Gross profit went up 9.8% to $45.9 million from $41.8 million in the year-ago quarter. Gross margin also expanded 71 basis points (bps) to 30.3%. Higher margins in the infrastructure segment were more than offset by lower margin in the irrigation segment. Improved infrastructure margin resulted from higher Road Zipper system sales, and lease revenue and volume leverage from higher road safety product sales.
Operating expenses flared up 7.5% year over year to $28.5 million in the quarter, mainly from higher product development costs and professional fees. The company posted an operating profit of $17.4 million, a 13.6% rise from $15.3 million recorded in the year-earlier quarter. Operating margin advanced 70bps to 11.5% in the third quarter of fiscal 2017 compared to the prior year's third quarter.
Financial Position
Lindsay had cash and cash equivalents of $113.2 million at the end of the fiscal third quarter compared with $101.2 million at the end of third-quarter fiscal 2016. The company reported cash flow from operating activities of $24.5 million for the nine-month period ended May 31, 2017, compared with $20.3 million recorded in the prior-year period. Lindsay had long-term debt of $116.8 million at the end of the fiscal third quarter, flat year over year.
There were no share repurchases during the fiscal third quarter. As of Feb 28, 2017, shares worth around $63.7 million remained under the company's buyback program.
Lindsay's backlog as of May 31, 2017, was $70.1 million compared with $61.2 million as of May 31, 2016.
Outlook
Lindsay expects that stabilization in the U.S. irrigation equipment market, a consistent recovery in Brazil and increased project activity in developing international markets will drive growth. The company also stated that its irrigation operating margin performance in the U.S. will likely benefit from the strength and growth of technology products. Further, growers' sentiment in the U.S. has been displaying signs of improvement.
Moreover, Lindsay is poised to gain from improving activity levels in the international irrigation and infrastructure markets. In addition, population growth, increased food production, efficient water use and infrastructure upgrades are likely to propel long-term growth.
However, overall market conditions and capital investment continue to be constrained by lower commodity prices and farm income. Additionally, Lindsay is likely to witness escalated costs and near-term volatility in the road safety product revenues.
Year to date, Lindsay's stock has outperformed the Zacks categorized Machinery-Farm industry. While the stock has gained 22.5%, the Zacks sub-industry recorded 18.2% growth over the same time frame.
Lindsay currently carries a Zacks Rank #2 (Buy).
Other top-ranked stocks in the same space include AGCO Corporation AGCO , Apogee Enterprises, Inc. APOG and Deere & Company DE . All three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has an average positive earnings surprise of 40.39% for the trailing four quarters.
Apogee generated an average positive earnings surprise of 3.42% over the past four quarters.
Deere has a remarkable average positive earnings surprise of 70.41% for the last four quarters.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations 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
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Lindsay Corporation (LNN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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International irrigation revenues were up primarily on the back of the continuation of a notable recovery in Brazil, increased project activity in developing markets, and a slightly favorable currency translation impact. 5 Trades Could Profit "Big-League" from Trump Policies If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
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Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Lindsay Corporation (LNN): Free Stock Analysis Report To read this article on Zacks.com click here. Lindsay CorporationLNN reported third-quarter fiscal 2017 (ended May 31, 2017) earnings of $1.02 per share compared with 90 cents per share recorded in the prior-year quarter. U.S irrigation and international irrigation revenues both recorded 2% growth.
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Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Lindsay Corporation (LNN): Free Stock Analysis Report To read this article on Zacks.com click here. Lindsay CorporationLNN reported third-quarter fiscal 2017 (ended May 31, 2017) earnings of $1.02 per share compared with 90 cents per share recorded in the prior-year quarter. U.S irrigation and international irrigation revenues both recorded 2% growth.
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Lindsay CorporationLNN reported third-quarter fiscal 2017 (ended May 31, 2017) earnings of $1.02 per share compared with 90 cents per share recorded in the prior-year quarter. The company posted an operating profit of $17.4 million, a 13.6% rise from $15.3 million recorded in the year-earlier quarter. U.S irrigation and international irrigation revenues both recorded 2% growth.
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ff0d4763-2cc1-46b1-bacc-d944c8b42bde
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722350.0
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2017-06-29 00:00:00 UTC
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Greif Approves Share Repurchase, Divulges 2020 Growth Plans
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DE
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https://www.nasdaq.com/articles/greif-approves-share-repurchase-divulges-2020-growth-plans-2017-06-29
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nan
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nan
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On Investor Day 2017, Greif, Inc.GEF disclosed the company's 2020 growth plans. The industrial packaging solutions provider will focus on disciplined operational execution of strategies to fuel long-term growth.
The company anticipates that operating profit before special items will be in the range of $425-$465 million in 2020. It also guides free cash flow range of $230-$270 million in 2020. In addition, Greif introduced its "Path to Growth" plan, which highlights the process, strategy and acquisition priorities.
Greif also announced the authorization of repurchase of up to four million shares of Class A Common Stock or Class B Common Stock or any combination of the foregoing. Thus, the company will benefit from the further execution of transformation efforts.
Greif Bros. Corporation Price
Greif Bros. Corporation Price | Greif Bros. Corporation Quote
Previously, Greif had implemented a strategy to enhance its business portfolio, address under-performing assets and generate additional cash. This strategy includes selling, general and administrative reductions across the company, as well as rationalization of manufacturing facilities.
Greif has been successful in fixing under-performing businesses and divesting non-core assets and closed facilities, which will drive long-term performance. During fiscal 2016, the company completed four divestitures. These divestitures were of non-strategic businesses, three in the Rigid Industrial Packaging & Services segment, and the other in the Flexible Products & Services segment.
Greif outperformed the Zacks classified Containers-Metal/Glass sub-industry with respect to price performance over the past one year. The stock gained around 47.3%, while the industry recorded growth of 17% over the same time frame.
Greif currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the same space include AGCO Corporation AGCO , Apogee Enterprises, Inc. APOG and Deere & Company DE . All three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has an average positive earnings surprise of 40.39% for the trailing four quarters.
Apogee generated an average positive earnings surprise of 3.42% over the past four quarters.
Deere has a remarkable average positive earnings surprise of 70.41% for the last four quarters.
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And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
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
Greif Bros. Corporation (GEF): Free Stock Analysis Report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The industrial packaging solutions provider will focus on disciplined operational execution of strategies to fuel long-term growth. Corporation Quote Previously, Greif had implemented a strategy to enhance its business portfolio, address under-performing assets and generate additional cash. Greif has been successful in fixing under-performing businesses and divesting non-core assets and closed facilities, which will drive long-term performance.
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Better-ranked stocks in the same space include AGCO Corporation AGCO , Apogee Enterprises, Inc. APOG and Deere & Company DE . Corporation (GEF): Free Stock Analysis Report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. The industrial packaging solutions provider will focus on disciplined operational execution of strategies to fuel long-term growth.
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Better-ranked stocks in the same space include AGCO Corporation AGCO , Apogee Enterprises, Inc. APOG and Deere & Company DE . Corporation (GEF): Free Stock Analysis Report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. The industrial packaging solutions provider will focus on disciplined operational execution of strategies to fuel long-term growth.
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Corporation Quote Previously, Greif had implemented a strategy to enhance its business portfolio, address under-performing assets and generate additional cash. The industrial packaging solutions provider will focus on disciplined operational execution of strategies to fuel long-term growth. It also guides free cash flow range of $230-$270 million in 2020.
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7b74f04c-e19e-40a0-856b-a43975a41434
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722351.0
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2017-06-29 00:00:00 UTC
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Noteworthy Thursday Option Activity: ADSK, DE, MA
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DE
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity-adsk-de-ma-2017-06-29
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Autodesk Inc. (Symbol: ADSK), where a total of 11,848 contracts have traded so far, representing approximately 1.2 million underlying shares. That amounts to about 46.7% of ADSK's average daily trading volume over the past month of 2.5 million shares. Especially high volume was seen for the $105 strike call option expiring July 21, 2017 , with 5,407 contracts trading so far today, representing approximately 540,700 underlying shares of ADSK. Below is a chart showing ADSK's trailing twelve month trading history, with the $105 strike highlighted in orange:
Deere & Co. (Symbol: DE) saw options trading volume of 11,757 contracts, representing approximately 1.2 million underlying shares or approximately 45.6% of DE's average daily trading volume over the past month, of 2.6 million shares. Especially high volume was seen for the $130 strike call option expiring August 18, 2017 , with 5,827 contracts trading so far today, representing approximately 582,700 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $130 strike highlighted in orange:
And Mastercard Inc (Symbol: MA) saw options trading volume of 14,207 contracts, representing approximately 1.4 million underlying shares or approximately 43% of MA's average daily trading volume over the past month, of 3.3 million shares. Particularly high volume was seen for the $121 strike put option expiring July 07, 2017 , with 2,164 contracts trading so far today, representing approximately 216,400 underlying shares of MA. Below is a chart showing MA's trailing twelve month trading history, with the $121 strike highlighted in orange:
For the various different available expirations for ADSK options , DE options , or MA options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $105 strike call option expiring July 21, 2017 , with 5,407 contracts trading so far today, representing approximately 540,700 underlying shares of ADSK. Especially high volume was seen for the $130 strike call option expiring August 18, 2017 , with 5,827 contracts trading so far today, representing approximately 582,700 underlying shares of DE. Particularly high volume was seen for the $121 strike put option expiring July 07, 2017 , with 2,164 contracts trading so far today, representing approximately 216,400 underlying shares of MA.
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Especially high volume was seen for the $105 strike call option expiring July 21, 2017 , with 5,407 contracts trading so far today, representing approximately 540,700 underlying shares of ADSK. Below is a chart showing ADSK's trailing twelve month trading history, with the $105 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 11,757 contracts, representing approximately 1.2 million underlying shares or approximately 45.6% of DE's average daily trading volume over the past month, of 2.6 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $130 strike highlighted in orange: And Mastercard Inc (Symbol: MA) saw options trading volume of 14,207 contracts, representing approximately 1.4 million underlying shares or approximately 43% of MA's average daily trading volume over the past month, of 3.3 million shares.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Autodesk Inc. (Symbol: ADSK), where a total of 11,848 contracts have traded so far, representing approximately 1.2 million underlying shares. Below is a chart showing ADSK's trailing twelve month trading history, with the $105 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 11,757 contracts, representing approximately 1.2 million underlying shares or approximately 45.6% of DE's average daily trading volume over the past month, of 2.6 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $130 strike highlighted in orange: And Mastercard Inc (Symbol: MA) saw options trading volume of 14,207 contracts, representing approximately 1.4 million underlying shares or approximately 43% of MA's average daily trading volume over the past month, of 3.3 million shares.
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Especially high volume was seen for the $105 strike call option expiring July 21, 2017 , with 5,407 contracts trading so far today, representing approximately 540,700 underlying shares of ADSK. Below is a chart showing ADSK's trailing twelve month trading history, with the $105 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 11,757 contracts, representing approximately 1.2 million underlying shares or approximately 45.6% of DE's average daily trading volume over the past month, of 2.6 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $130 strike highlighted in orange: And Mastercard Inc (Symbol: MA) saw options trading volume of 14,207 contracts, representing approximately 1.4 million underlying shares or approximately 43% of MA's average daily trading volume over the past month, of 3.3 million shares.
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fadac704-53b4-4549-b119-19bb85152f4e
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722352.0
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2017-06-29 00:00:00 UTC
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4 Agriculture Stocks That Will Help Your Portfolio Grow
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DE
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https://www.nasdaq.com/articles/4-agriculture-stocks-that-will-help-your-portfolio-grow-2017-06-29
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nan
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nan
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Agriculture is a mammoth industry with stocks covering fertilizers, seeds, agricultural chemicals, farm equipment, food processing, and more. However, the industry tends to be cyclical in nature. It booms when commodity prices are high and the farmer's income is high. But as commodity prices fall, it takes the industry down with it.
Harvests in the last four years have been near record levels. However, these higher grain inventories pressurized commodity prices, and resulted in lower farm income. Industry demand in most global markets remains at historically low levels as a result of weaker economic conditions. Deteriorating farm economics negatively impacted farmer sentiment, which in turn affected demand for agricultural equipment demand. The companies responded by tuning down production and closely managing inventories.
However, things are looking up this year with companies delivering better results and improved outlook. In 2017, agricultural exports are projected to rise 3% to $134 billion. U.S. agricultural exports are projected to account for 33% of farm sector gross earnings in 2017.
We believe the agricultural play stocks are poised to gain in the long term. Given that the global population is expected to soar to 9.5 billion by 2050, the agricultural sector faces a huge challenge to produce enough food as arable land shrinks. To meet the increased demand for food, fiber, and feed, analysts suggest agricultural output will have to double by that year.
Maximizing crop yields and farm productivity will be vital. Companies that manufacture farm equipment such as tractors, harvesters, and sprayers will assume an increasingly important role. To sum up, farm equipment manufacturers have huge growth potential ahead, and consequently make for great investments.
Currently the Zacks categorized Manufacturing - Farm Equipment is enjoying a Zacks Industry Rank of 11. The favorable rank places the industry in the top 4% of the 250+ groups enlisted. In the past one year, the Manufacturing - Farm Equipment industry has clocked a gain of 49.6%, outperforming the S&P 500's advance of 17.9%.
In this context, we focus on four companies in the industry that are must buys given their favorable Zacks Ranks, price movements and earnings estimate revisions.
Deere & CompanyDE , producer of agricultural equipment and a leading manufacturer of construction, forestry, and commercial and consumer equipment flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Deere has a long-term earnings growth rate of 9.17%. Deere outpaced the Zacks Consensus Estimate in the trailing four quarters, generating an encouraging positive average earnings surprise of 70.41%. The estimate for fiscal 2017 climbed 31% to $6.31 in the past 60 days and for fiscal 2018 also moved north 23% to $6.83. The projected growth rate for fiscal 2017 is 31.12% and for fiscal 2018 is 8.10%.
Deere has a dividend yield of 1.97%. The stock has surged 55.1% in the last one year.
AGCO CorporationAGCO , manufacturer and distribution of farm equipment, machinery and replacement parts in the U.S. and Canada, sports a Zacks Rank #1.
The company has delivered positive earnings surprises in the last four quarters, with an average beat of 40.39%. The company has expected long-term earnings per share growth rate of 13.06%. Sentiments are in favor of the company, as evident in the positive earnings estimate revisions of 11% for 2017 and 10% for 2018 in the last 60 days. The stock has a dividend yield of 0.84%. Its shares have gained 46.2% in the last one year.
Alamo Group Inc.ALG , designs, manufactures, and sells agricultural equipment and infrastructure maintenance equipment for governmental and industrial use worldwide. It carries a Zacks Rank #2 (Buy).
Earnings estimates for fiscal 2017 and fiscal 2018 have both moved up 3% in the past 60 days. The projected growth rate for fiscal 2017 is 13.81% and for fiscal 2018 at 8.86%. The stock has a dividend yield of 0.44%. Its shares have gained 45.5% in the last one year.
Titan International, Inc.TWI manufactures and sells wheels, tires, wheel and tire assemblies, along with undercarriage systems and components for various agricultural equipment as well as for off-highway vehicles. The stock also carries a Zacks Rank #2.
The Zacks Consensus Estimate for fiscal 2017 has gone up in the past 60 days. The projected growth rate for fiscal 2017 is 84.66% and for fiscal 2018 at 487.93%. The stock has a dividend yield of 0.17%. Its shares have gained 92.2% in the last one year.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
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
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Titan International, Inc. (TWI): Free Stock Analysis Report
Alamo Group, Inc. (ALG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Industry demand in most global markets remains at historically low levels as a result of weaker economic conditions. Deteriorating farm economics negatively impacted farmer sentiment, which in turn affected demand for agricultural equipment demand. The companies responded by tuning down production and closely managing inventories.
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Titan International, Inc.TWI manufactures and sells wheels, tires, wheel and tire assemblies, along with undercarriage systems and components for various agricultural equipment as well as for off-highway vehicles. Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Titan International, Inc. (TWI): Free Stock Analysis Report Alamo Group, Inc. (ALG): Free Stock Analysis Report To read this article on Zacks.com click here. Industry demand in most global markets remains at historically low levels as a result of weaker economic conditions.
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Titan International, Inc. (TWI): Free Stock Analysis Report Alamo Group, Inc. (ALG): Free Stock Analysis Report To read this article on Zacks.com click here. Industry demand in most global markets remains at historically low levels as a result of weaker economic conditions. Deteriorating farm economics negatively impacted farmer sentiment, which in turn affected demand for agricultural equipment demand.
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Industry demand in most global markets remains at historically low levels as a result of weaker economic conditions. Deteriorating farm economics negatively impacted farmer sentiment, which in turn affected demand for agricultural equipment demand. The companies responded by tuning down production and closely managing inventories.
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722353.0
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2017-06-28 00:00:00 UTC
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5 Industrial Stocks Near 52-Week Highs that are Must Buys
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DE
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https://www.nasdaq.com/articles/5-industrial-stocks-near-52-week-highs-that-are-must-buys-2017-06-28
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The industrial products sector (one of the 16 broad Zacks sectors) is currently enjoying a Zacks Sector Rank of 2, just a pace behind the Auto, Tires and Trucks sector. This can be attributed to the fact that the majority of the 215 industries within this sector has performed well lately and are poised to take the momentum ahead in the coming quarters.
Some industries in the industrial products sector that are currently well placed in the top 10% of total 265 Zacks categorized industries include Manufacturing - Material Handling and Office Supplies industries which are in the top 2%. Manufacturing - Farm Equipment and Manufacturing - Thermal Products industries are among the top 6% while Glass Products is among the top 7%.
In the past one year, the industrial products sector has clocked a gain of 28.9%, outperformed the S&P 500's climb of 20.7%. The U.S. factory activity seems to have overcome its previous sluggishness driven by steady job creation, a stable dollar and strong overseas demand.
Economic indicators are indicating a healthy business environment in the industrial sector. For the first quarter of 2017, industrial production - a measure of output at factories, mines and utilities, rose at an annual rate of 1.5 %. The momentum continues in the second quarter with U.S. industrial production logging growth of 1.1% in April compared with March, marking its biggest gain since Feb 2014. Industrial production remained unchanged in May compared with April. A drop in manufacturing output was mitigated by increases in mining and utilities output to keep the index flat in May. Though manufacturing output declined 0.4% in May; it is well within the range of normal monthly volatility. Factory production has gone up 1.4 % in the last 12 months. Total industrial production in May was 2.2% above year-earlier level.
Government policies encouraging better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will support growth. The Industrial Products sector put up a 28.5% growth in earnings in first-quarter 2017 and an 11.7% growth in earnings is projected in second-quarter 2017. The Industrial Products sector is one of the three sectors projected to log a double-digit growth in the second quarter. (Read more: Q2 Earnings Season Preview )
Thus, investing in the industrial space makes perfect sense at this point. However, the question arises - how to make that choice. To zero in on stocks that are winning currently and have the potential to gain further, we have opted one tried and tested technique - picking stocks near their 52-week highs.
Why These Stocks are Good Bets
Investing in stocks near their 52-week high is similar to following the momentum strategy, which is based on the premise that once a trend is established, it is likely to continue. The surge is driven by a broad set of factors including impressive sales, robust profitability and bullish earnings prospects. Major developments may also send stocks soaring.
On the flipside, stocks that are trading near their 52-week highs carry the risk of falling fast as the market might consider them overvalued. But the positives seem to outweigh drawbacks.
Notably, momentum investors strongly believe in "the trend is your friend", which means stocks that are growing will continue to grow. They make short-term choices among stocks that are scaling up and sell them at the first sign of a downtrend. The basic idea is that once a trend is recognized, it is likely to continue and the chances of a reversal are minimal.
Thus, picking such stocks might help investors earn higher returns in the short term. However, this is only a speculative strategy and not meant for the faint hearted.
Stocks That Fit the Bill
Given their strong earnings history, positive earnings revisions and great value metrics, we believe these five industrial stocks, all of which are near their 52-week highs, will continue their uptrend for now. The stocks carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and have a Momentum Style Score of "A" or "B". You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO CorporationAGCO , manufacturer and distribution of farm equipment, machinery and replacement parts in the U.S. and Canada, boasts a Zacks Rank #1 and has a Momentum Style Score of "A". The company has delivered positive earnings surprises in the last four quarters, with an average beat of 40.39%. The company has an expected long-term earnings per share growth rate of 13.06%. Sentiments are in favor of the company, as evident in the positive earnings estimate revisions of 11% for 2017 and 10% for 2018 in the last 60 days. The stock closed at $66.47 yesterday, logging a year-to-date gain of 15.4% so far this year and is near its 52-week high of $68.04.
AptarGroup, Inc.ATR provides a range of packaging, dispensing, and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The stock carries a Zacks Rank #2 and has a Momentum Style Score of "A". The company has delivered positive earnings surprises in the last four quarters, with an average beat of 1.78%. The long-term expected earnings growth rate for AptarGroup is 9.33%. The estimates for the company for fiscal 2017 and fiscal 2018 have moved north 5% and 5%, respectively in the last 60 days, reflecting the positive outlook of analysts. The stock has gained 18.5% so far this year and closed trading at $86.37 yesterday, near its 52-week high of $87.94.
Barnes Group Inc.B is an international manufacturer of precision metal parts and distributor of industrial supplies. The stock carries a Zacks Rank #2 and has a Momentum Style Score of "B". The company has delivered positive earnings surprises in the last four quarters, with an average beat of 8.94%. Earnings estimates for fiscal 2017 and fiscal 2018 have both moved up 3% over the past 60 days. The long-term expected earnings growth rate for Barnes Group is 9%. Closing at $57.80 yesterday, the stock has clocked a gain of 22.5% so far this year and is near to its 52-week high of $58.54.
Deere & CompanyDE , producer of agricultural equipment and a leading manufacturer of construction, forestry, and commercial and consumer equipment flaunts a Zacks Rank #1 and Momentum Score of "A". Deere has a long-term earnings growth rate of 9.17%. Deere outpaced the Zacks Consensus Estimate in the trailing four quarters, generating an encouraging positive average earnings surprise of 70.41%. The estimate for fiscal 2017 climbed 31% to $6.31 in the past 60 days and for fiscal 2018 also moved north 23% to $6.83. Closing at $122.00 yesterday, the stock has gained 19.1% so far this year and is near its 52-week high of $128.37.
Lakeland Industries, Inc.LAKE manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the U.S. and internationally. The stock sports a Zacks Rank #1 and has a Momentum Style Score of "A". The company has delivered positive earnings surprises in the trailing four quarters, with an average beat of 49.26%. The long-term expected earnings growth rate for Lakeland is 10.0 %. Closing at $13.65 yesterday, the stock has gained 31.3% so far this year and is near its 52-week high of $13.70.
Looking Ahead
These stocks have managed to grab the spotlight with notable performances, supported by solid earnings and impressive growth projections. These factors make us more or less confident that investing in these stocks will yield strong returns in the short term.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
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
AptarGroup, Inc. (ATR): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Barnes Group, Inc. (B): Free Stock Analysis Report
Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The U.S. factory activity seems to have overcome its previous sluggishness driven by steady job creation, a stable dollar and strong overseas demand. Government policies encouraging better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will support growth. Some industries in the industrial products sector that are currently well placed in the top 10% of total 265 Zacks categorized industries include Manufacturing - Material Handling and Office Supplies industries which are in the top 2%.
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Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here. Some industries in the industrial products sector that are currently well placed in the top 10% of total 265 Zacks categorized industries include Manufacturing - Material Handling and Office Supplies industries which are in the top 2%. The U.S. factory activity seems to have overcome its previous sluggishness driven by steady job creation, a stable dollar and strong overseas demand.
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Some industries in the industrial products sector that are currently well placed in the top 10% of total 265 Zacks categorized industries include Manufacturing - Material Handling and Office Supplies industries which are in the top 2%. Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report To read this article on Zacks.com click here. The U.S. factory activity seems to have overcome its previous sluggishness driven by steady job creation, a stable dollar and strong overseas demand.
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Some industries in the industrial products sector that are currently well placed in the top 10% of total 265 Zacks categorized industries include Manufacturing - Material Handling and Office Supplies industries which are in the top 2%. The U.S. factory activity seems to have overcome its previous sluggishness driven by steady job creation, a stable dollar and strong overseas demand. A drop in manufacturing output was mitigated by increases in mining and utilities output to keep the index flat in May.
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26961653-27ae-455f-a729-e70d018c844e
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722354.0
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2017-06-27 00:00:00 UTC
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Top Ranked Momentum Stocks to Buy for June 27th
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https://www.nasdaq.com/articles/top-ranked-momentum-stocks-to-buy-for-june-27th-2017-06-27
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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, June 27th:
Norfolk Southern Corporation (NSC): This rail transportation company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days.
Norfolk Souther Corporation Price and Consensus
Norfolk Souther Corporation Price and Consensus | Norfolk Souther Corporation Quote
Norfolk Southern's shares gained 8% over the last three months higher than S&P 500's gains of 4.1%. The company possesses a Momentum Score of A.
Norfolk Souther Corporation Price
Norfolk Souther Corporation Price | Norfolk Souther Corporation Quote
Exelixis, Inc. (EXEL): This biopharmaceutical companyhas a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising more than 100% over the last 60 days.
Exelixis, Inc. Price and Consensus
Exelixis, Inc. Price and Consensus | Exelixis, Inc. Quote
Exelixis's shares gained 19.1% over the last three months. The company possesses a Momentum Score of A.
Exelixis, Inc. Price
Exelixis, Inc. price | Exelixis, Inc. Quote
Lennox International Inc. (LII): This heating, ventilation and air conditioning manufacturer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.1% over the last 60 days.
Lennox International, Inc. Price and Consensus
Lennox International, Inc. price-consensus-chart | Lennox International, Inc. Quote
Lennox International's shares gained 10% over the last three months. The company possesses a Momentum Score of A.
Lennox International, Inc. Price
Lennox International, Inc. price | Lennox International, Inc. Quote
Deere & Company (DE): This agricultural equipments producer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 31.5% over the last 60 days.
Deere & Company Price and Consensus
Deere & Company price-consensus-chart | Deere & Company Quote
Deere's shares gained 13.2% over the last three months. The company possesses a Momentum Score of A.
Deere & Company Price
Deere & Company price | Deere & Company Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here .
Now See All Our Private Trades
While today's Zacks Rank #1 new additions are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for all Zacks trades >>
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
Norfolk Souther Corporation (NSC): Free Stock Analysis Report
Lennox International, Inc. (LII): Free Stock Analysis Report
Exelixis, Inc. (EXEL): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, June 27th: Norfolk Southern Corporation (NSC): This rail transportation company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days. from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). The company possesses a Momentum Score of A. Lennox International, Inc. Price Lennox International, Inc. price | Lennox International, Inc. Quote Deere & Company (DE): This agricultural equipments producer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 31.5% over the last 60 days.
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Click to get this free report Norfolk Souther Corporation (NSC): Free Stock Analysis Report Lennox International, Inc. (LII): Free Stock Analysis Report Exelixis, Inc. (EXEL): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, June 27th: Norfolk Southern Corporation (NSC): This rail transportation company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days. The company possesses a Momentum Score of A. Lennox International, Inc. Price Lennox International, Inc. price | Lennox International, Inc. Quote Deere & Company (DE): This agricultural equipments producer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 31.5% over the last 60 days.
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The company possesses a Momentum Score of A. Lennox International, Inc. Price Lennox International, Inc. price | Lennox International, Inc. Quote Deere & Company (DE): This agricultural equipments producer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 31.5% over the last 60 days. Click to get this free report Norfolk Souther Corporation (NSC): Free Stock Analysis Report Lennox International, Inc. (LII): Free Stock Analysis Report Exelixis, Inc. (EXEL): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, June 27th: Norfolk Southern Corporation (NSC): This rail transportation company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days.
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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, June 27th: Norfolk Southern Corporation (NSC): This rail transportation company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days. The company possesses a Momentum Score of A. Lennox International, Inc. Price Lennox International, Inc. price | Lennox International, Inc. Quote Deere & Company (DE): This agricultural equipments producer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 31.5% over the last 60 days. Deere & Company Price and Consensus Deere & Company price-consensus-chart | Deere & Company Quote Deere's shares gained 13.2% over the last three months.
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6cd18472-7916-40f5-8e72-ae0150735205
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722355.0
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2017-06-27 00:00:00 UTC
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Deere & Company (DE) Ex-Dividend Date Scheduled for June 28, 2017
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DE
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https://www.nasdaq.com/articles/deere-company-de-ex-dividend-date-scheduled-june-28-2017-2017-06-27
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Deere & Company ( DE ) will begin trading ex-dividend on June 28, 2017. A cash dividend payment of $0.6 per share is scheduled to be paid on August 01, 2017. Shareholders who purchased DE prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 13th quarter that DE has paid the same dividend. At the current stock price of $123.35, the dividend yield is 1.95%.
The previous trading day's last sale of DE was $123.35, representing a -3.91% decrease from the 52 week high of $128.37 and a 60.76% increase over the 52 week low of $76.73.
DE is a part of the Capital Goods sector, which includes companies such as Thermo Fisher Scientific Inc ( TMO ) and Danaher Corporation ( DHR ). DE's current earnings per share, an indicator of a company's profitability, is $5.55. Zacks Investment Research reports DE's forecasted earnings growth in 2017 as 31.13%, compared to an industry average of 15.8%.
For more information on the declaration, record and payment dates, visit the DE Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DE through an Exchange Traded Fund [ETF]?
The following ETF(s) have DE as a top-10 holding:
iShares MSCI Agriculture Producers Fund ( VEGI )
VanEck Vectors Agribusiness ETF ( MOO )
VanEck Vectors Natural Resources ETF ( HAP )
iShares iBonds Mar 2023 Term Corporate ex-Financials ETF ( IBCE ).
The top-performing ETF of this group is MOO with an increase of 2.7% over the last 100 days. VEGI has the highest percent weighting of DE at 9.66%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased DE prior to the ex-dividend date are eligible for the cash dividend payment. DE is a part of the Capital Goods sector, which includes companies such as Thermo Fisher Scientific Inc ( TMO ) and Danaher Corporation ( DHR ). Zacks Investment Research reports DE's forecasted earnings growth in 2017 as 31.13%, compared to an industry average of 15.8%.
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The following ETF(s) have DE as a top-10 holding: iShares MSCI Agriculture Producers Fund ( VEGI ) VanEck Vectors Agribusiness ETF ( MOO ) VanEck Vectors Natural Resources ETF ( HAP ) iShares iBonds Mar 2023 Term Corporate ex-Financials ETF ( IBCE ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Deere & Company ( DE ) will begin trading ex-dividend on June 28, 2017.
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Shareholders who purchased DE prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the DE Dividend History page. The following ETF(s) have DE as a top-10 holding: iShares MSCI Agriculture Producers Fund ( VEGI ) VanEck Vectors Agribusiness ETF ( MOO ) VanEck Vectors Natural Resources ETF ( HAP ) iShares iBonds Mar 2023 Term Corporate ex-Financials ETF ( IBCE ).
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A cash dividend payment of $0.6 per share is scheduled to be paid on August 01, 2017. DE's current earnings per share, an indicator of a company's profitability, is $5.55. The following ETF(s) have DE as a top-10 holding: iShares MSCI Agriculture Producers Fund ( VEGI ) VanEck Vectors Agribusiness ETF ( MOO ) VanEck Vectors Natural Resources ETF ( HAP ) iShares iBonds Mar 2023 Term Corporate ex-Financials ETF ( IBCE ).
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1adac480-0008-45ff-9c8e-9cd9ec6f2100
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722356.0
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2017-06-27 00:00:00 UTC
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Is it Time to Buy Agriculture Stocks?
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DE
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https://www.nasdaq.com/articles/it-time-buy-agriculture-stocks-2017-06-27
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nan
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(0: 30 ) - Agriculture Stocks: Ignored By Investors
(2: 15 ) - Equipment Manufactures
(8: 30 ) - Fertilizer Market
(15: 50 ) - Nitrogen Producers
(20: 30 ) - Episode Roundup: Podcast@Zacks.com
Welcome to Episode #88 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
But in this episode, due to the upcoming holiday, she's going solo to talk about one of her favorite investing industries: the agriculture stocks.
This is a cyclical industry. It does well when commodity prices are high and the farmers are getting rich, and then it falls when the reverse happens. A few years ago, the farmers were being compared to bankers in terms of wealth. But since then, as commodity prices have dropped, there has been a 3-year farming recession.
Sales of farming equipment have fallen every year during that time. And on the fertilizer side, overproduction has kept prices low even though demand has remained stable.
A Rebound in 2017?
2016 was a difficult year for the farming industry. But in their first quarter earnings reports, many companies began to talk about the market in a new, more optimistic light.
While 2017 is still expected to see low fertilizer prices, they believe the worst is likely over and that there will be improvement into 2018.
If that's true, is now a buying opportunity in the stocks?
Wall Street is completely ignoring this industry. As a result, several of them are trading near multi-year lows.
Two Different Segments: Equipment versus Fertilizers
Tracey looks at two different areas of agriculture, the equipment makers and the fertilizer producers, which have split personalities.
On the equipment side, Deere and AGCOare seeing rising earnings estimates. Both stocks are Zacks Rank #1 (Strong Buys).
1. Deere (DE) recently got a boost thanks to its announced acquisition of Wirtgen Group, which will complement the company's Construction & Forestry unit. It will be in the Top 5 of road construction equipment makers after the deal closes.
2. AGCO (AGCO) is seeing a bottoming in demand after 3 years of declines. Brazil is expected to finally rebound this year.
Both of these stocks are up in 2017 with Deere up 20% and AGCO up 16.6% year-to-date.
Is it too late to get in?
The Fertilizer Stocks: A Buying Opportunity or Not?
Tracey also took a look at the fertilizer stocks, which have been completely battered in this downturn.
1. Agrium (AGU) is merging with Potash this year to form Nutrien. It will be the largest fertilizer company in the world. Is Tracey a fan of this merger?
2. Mosaic (MOS) shares are down 20% year-to-date and near 5-year lows. But are there reasons to be optimistic about the second half of 2017 for this potash and phosphate producer?
3. CF Industries (CF) is the nitrogen fertilizer maker. Non-North American producers dumped excess supply onto the North American market earlier this year which depressed prices in the first quarter. However, demand from American farmers has been strong. Shares are down 11%. It's a Zacks Rank #5 (Strong Sell) but if those estimates turn around, could this be one to buy?
She used to own Potash in her own personal portfolio but recently threw in the towel and sold her shares. It is probably a sign that this industry could be on the upswing since Tracey used to be a diehard bull on the fertilizer stocks.
Usually the bottom is in when even the diehards give up.
What else should you know about the agriculture stocks?
Find out on this week's podcast.
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Watch him go through the trade as he answers your questions in real time.
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CF Industries Holdings, Inc. (CF): Free Stock Analysis Report
Agrium Inc. (AGU): Free Stock Analysis Report
Mosaic Company (The) (MOS): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But in this episode, due to the upcoming holiday, she's going solo to talk about one of her favorite investing industries: the agriculture stocks. Deere (DE) recently got a boost thanks to its announced acquisition of Wirtgen Group, which will complement the company's Construction & Forestry unit. Each week, Zacks' Dave Bartosiak will bring you a detailed explanation of the trades "live" on YouTube.
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(0: 30 ) - Agriculture Stocks: Ignored By Investors (2: 15 ) - Equipment Manufactures (8: 30 ) - Fertilizer Market (15: 50 ) - Nitrogen Producers (20: 30 ) - Episode Roundup: Podcast@Zacks.com Welcome to Episode #88 of the Zacks Market Edge Podcast. Click to get this free report CF Industries Holdings, Inc. (CF): Free Stock Analysis Report Agrium Inc. (AGU): Free Stock Analysis Report Mosaic Company (The) (MOS): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. But in this episode, due to the upcoming holiday, she's going solo to talk about one of her favorite investing industries: the agriculture stocks.
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(0: 30 ) - Agriculture Stocks: Ignored By Investors (2: 15 ) - Equipment Manufactures (8: 30 ) - Fertilizer Market (15: 50 ) - Nitrogen Producers (20: 30 ) - Episode Roundup: Podcast@Zacks.com Welcome to Episode #88 of the Zacks Market Edge Podcast. Click to get this free report CF Industries Holdings, Inc. (CF): Free Stock Analysis Report Agrium Inc. (AGU): Free Stock Analysis Report Mosaic Company (The) (MOS): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. But in this episode, due to the upcoming holiday, she's going solo to talk about one of her favorite investing industries: the agriculture stocks.
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However, demand from American farmers has been strong. (0: 30 ) - Agriculture Stocks: Ignored By Investors (2: 15 ) - Equipment Manufactures (8: 30 ) - Fertilizer Market (15: 50 ) - Nitrogen Producers (20: 30 ) - Episode Roundup: Podcast@Zacks.com Welcome to Episode #88 of the Zacks Market Edge Podcast. But in this episode, due to the upcoming holiday, she's going solo to talk about one of her favorite investing industries: the agriculture stocks.
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5782db2c-8391-4cac-b79c-860149c43c09
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722357.0
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2017-06-26 00:00:00 UTC
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Tech Strikes Back
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DE
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https://www.nasdaq.com/articles/tech-strikes-back-2017-06-26
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nan
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nan
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We started Monday with real concerns about technology after two rough weeks for the NASDAQ. But by Friday, that index had blown the doors off its counterparts with a weekly gain of 1.84%. It has now made up more than half of the approximately 2.6% drop over the previous two weeks. The S&P was up 0.21% this week while the Dow advanced 0.05%.
For today's session, oil had a nice 1% pop to a bit over $43, which helped the S&P advance by 0.16% to 2438.3. However, the Dow didn't move much at all, declining 0.01% to 21,394.8. The NASDAQ was the big winner with an advance of 0.46% on Friday to 6265.3. Meanwhile, the Russell 2000 jumped by 0.73% to 1414.8.
"As I mentioned Wednesday I still believe the NASDAQ is in a short-term consolidation period stuck within a long-term bullish trend," said Dave in Momentum Trader . "This week only hammered home that thesis, although after seeing the slow creep back towards the highs I'm feeling much more at ease."
The portfolios had a nice mix of buys and sells on Friday. Surprise Trader made the biggest splash by taking profits on two double-digit winners, while selling half of a third name for another positive result. Meanwhile, Stocks Under $10 and Income Investor each bought new positions. Continue reading for more info...
Today's Portfolio Highlights:
Surprise Trader: The portfolio went to the bank on Friday with three profitable sells...including two double digit winners! Western Digital (WDC) and Caterpillar (CAT) are both right at their time limits, so Eric decided to sell them and take gains of 11.7% and 10.3%, respectively. The editor added these positions about two months ago, right before they reported solid quarterly reports. Meanwhile, with the commodity market being so choppy of late, Eric also sold half of the Deere (DE) position for an 8% profit.
Stocks Under $10: Brian has been talking a lot about diversification lately, which is one of the reasons why he bought the goldminer Iamgold (IAG) on Friday. But the other reason he picked up this Zacks Rank #1 was to get a little more defensive in the portfolio. The editor feels that the market's "check engine soon" light may be on right now, and he wants to play it a little safe. IAG has posted two big beats in the past four quarters (along with two meets) and should turn the corner into profitability next year. The full write-up has a lot more on this new addition.
Income Investor: For the second year in a row, H&R Block (HRB) made a significant increase in its quarterly dividend. It was raised by 9% to 24 cents per share, as the tax services provider also repurchased shares worth $317 million. This all came in a quarter where HRB beat the Zacks Consensus Estimate by more than 7%. Neena liked the company's quarter, and it doesn't hurt that this Zacks Rank #1 also has a Zacks VGM Score of A and is part of a space in the top 17% of the Zacks Industry Rank. As announced yesterday, the editor decided to add HRB to the portfolio on Friday. Read more in the full write-up.
Healthcare Innovators: Remember earlier this week when the portfolio dominated the top performers list with four out of the top five movers? Well, HI did it again on Friday! But this time it had TWO double digit performers in ReWalk Robotics (RWLK, +33.3%) and Immune Design Corp. (IMDZ, +14.2%). Other top movers included Epizyme (EPZM, +7.7%) and Juno Therapeutics (JUNO, +7.5%).
Have a Great Weekend!
Jim Giaquinto
One More Thing...
The weekend is a great time to head over to our Special Reports section, which recently released the latest version of 7 Best Stocks for the Next 30 Days . Give the report a look and make sure to read some of our other offerings, such as:
• 5 Stocks to Double
• Invest Like Warren Buffett
• The 588% Revenue Explosion Recommendations from Zacks' Private Portfolios:
Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"As I mentioned Wednesday I still believe the NASDAQ is in a short-term consolidation period stuck within a long-term bullish trend," said Dave in Momentum Trader . Surprise Trader made the biggest splash by taking profits on two double-digit winners, while selling half of a third name for another positive result. But by Friday, that index had blown the doors off its counterparts with a weekly gain of 1.84%.
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Continue reading for more info... Today's Portfolio Highlights: Surprise Trader: The portfolio went to the bank on Friday with three profitable sells...including two double digit winners! But by Friday, that index had blown the doors off its counterparts with a weekly gain of 1.84%. It has now made up more than half of the approximately 2.6% drop over the previous two weeks.
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Continue reading for more info... Today's Portfolio Highlights: Surprise Trader: The portfolio went to the bank on Friday with three profitable sells...including two double digit winners! But by Friday, that index had blown the doors off its counterparts with a weekly gain of 1.84%. It has now made up more than half of the approximately 2.6% drop over the previous two weeks.
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Surprise Trader made the biggest splash by taking profits on two double-digit winners, while selling half of a third name for another positive result. Continue reading for more info... Today's Portfolio Highlights: Surprise Trader: The portfolio went to the bank on Friday with three profitable sells...including two double digit winners! But by Friday, that index had blown the doors off its counterparts with a weekly gain of 1.84%.
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94e9c837-0ff9-4b10-877e-d5b74f083a31
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722358.0
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2017-06-23 00:00:00 UTC
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Why Deere & Company (DE) Could Beat Earnings Estimates Again
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DE
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https://www.nasdaq.com/articles/why-deere-company-de-could-beat-earnings-estimates-again-2017-06-23
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nan
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nan
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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Deere & CompanyDE , a firm in the Manufacturing - Farm Equipment, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, DE has beaten estimates by at least 20% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, DE expected to post 50 cents per share, while it actually produced 61 cents per share, a beat of 22%. Meanwhile, for the most recent quarter, the company looked to deliver $1.70 per share, when it actually saw $2.49 per share instead, representing a 46.5% positive surprise.
Deere & Company Price and EPS Surprise
Deere & Company Price and EPS Surprise | Deere & Company Quote
Thanks in part to this history, recent estimates have been moving higher for Deere & Company. In fact, the Earnings ESP for DE is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company's earnings prospects. This is the case for DE, as the firm currently has a Zacks Earnings ESP of +2.16%, so another beat could be around the corner.
This is particularly true when you consider that DE has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today's Zacks #1 Rank stocks here .
When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that DE could see another beat at its next report, especially if recent trends are any guide.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells 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
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In fact, in these reports, DE has beaten estimates by at least 20% in both cases, suggesting it has a nice short-term history of crushing expectations. In fact, the Earnings ESP for DE is positive, which is a great sign of a coming beat. Consider Deere & CompanyDE , a firm in the Manufacturing - Farm Equipment, which could be a great candidate for another beat.
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Deere & Company Price and EPS Surprise Deere & Company Price and EPS Surprise | Deere & Company Quote Thanks in part to this history, recent estimates have been moving higher for Deere & Company. When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that DE could see another beat at its next report, especially if recent trends are any guide. Click to get this free report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere & Company Price and EPS Surprise Deere & Company Price and EPS Surprise | Deere & Company Quote Thanks in part to this history, recent estimates have been moving higher for Deere & Company. When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that DE could see another beat at its next report, especially if recent trends are any guide. Consider Deere & CompanyDE , a firm in the Manufacturing - Farm Equipment, which could be a great candidate for another beat.
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In fact, the Earnings ESP for DE is positive, which is a great sign of a coming beat. Consider Deere & CompanyDE , a firm in the Manufacturing - Farm Equipment, which could be a great candidate for another beat. In fact, in these reports, DE has beaten estimates by at least 20% in both cases, suggesting it has a nice short-term history of crushing expectations.
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48eb0288-6358-46d5-8391-55d81838237f
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722359.0
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2017-06-22 00:00:00 UTC
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How Proposed Corporate Tax Cut Would Impact Deere’s Valuation
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DE
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https://www.nasdaq.com/articles/how-proposed-corporate-tax-cut-would-impact-deeres-valuation-2017-06-22
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nan
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nan
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The Trump administration recently laid out a plan to reduce the federal corporate tax rate to 15% from the current rate of 35%. According to U.S. Treasury data, the average effective tax rate of U.S. companies in 2016 was close to 22% , as net operating losses, international business, tax credits and other items can reduce the effective rate. For Deere ( DE ), the figure has ranged between 28% to 37% in the last five years. The new policy, if implemented, could reduce the company's effective tax rate to 27%, thus unlocking nearly $100 million in annual cash flows, which could increase its valuation by around 10%. Below we explain further.
Deere Stock Has Upside of 10% If Effective Tax Rate Is Reduced To 20%
Deere paid nearly $380 million in taxes to U.S. federal and state government in 2016. Deere's income before taxes from its U.S. operations was $967 million in 2016, taking the effective tax rate for its U.S. operations (federal and state combined) to close to 40%. However, this included some deferred taxes from the prior year, and if we average Deere's effective tax rate in the U.S. for the past few years, it turns out to be very close to the blended average statutory rate (again, state and federal combined) of 39%. If the corporate rate were to be cut to 15%, it is reasonable to believe that the company's effective U.S. tax rate could be close to 20-22%.
This, in turn, could reduce the company's overall effective tax rate - including international operations - to around 27%, thus freeing up about $100 million in free cash flow. This could result in a 10% upside to our price estimate for Deere. Using Trefis technology, you can leverage our interactive platform to visualize how the change in tax rate can impact Deere's valuation.
For more information, please refer to our complete analysis for Deere
See More at Trefis |View Interactive Institutional Research(Powered by Trefis)
Get Trefis Technology
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, this included some deferred taxes from the prior year, and if we average Deere's effective tax rate in the U.S. for the past few years, it turns out to be very close to the blended average statutory rate (again, state and federal combined) of 39%. Using Trefis technology, you can leverage our interactive platform to visualize how the change in tax rate can impact Deere's valuation. The Trump administration recently laid out a plan to reduce the federal corporate tax rate to 15% from the current rate of 35%.
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Deere's income before taxes from its U.S. operations was $967 million in 2016, taking the effective tax rate for its U.S. operations (federal and state combined) to close to 40%. For more information, please refer to our complete analysis for Deere See More at Trefis |View Interactive Institutional Research(Powered by Trefis) Get Trefis Technology The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Trump administration recently laid out a plan to reduce the federal corporate tax rate to 15% from the current rate of 35%.
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Deere Stock Has Upside of 10% If Effective Tax Rate Is Reduced To 20% Deere paid nearly $380 million in taxes to U.S. federal and state government in 2016. However, this included some deferred taxes from the prior year, and if we average Deere's effective tax rate in the U.S. for the past few years, it turns out to be very close to the blended average statutory rate (again, state and federal combined) of 39%. The Trump administration recently laid out a plan to reduce the federal corporate tax rate to 15% from the current rate of 35%.
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Deere's income before taxes from its U.S. operations was $967 million in 2016, taking the effective tax rate for its U.S. operations (federal and state combined) to close to 40%. However, this included some deferred taxes from the prior year, and if we average Deere's effective tax rate in the U.S. for the past few years, it turns out to be very close to the blended average statutory rate (again, state and federal combined) of 39%. For more information, please refer to our complete analysis for Deere See More at Trefis |View Interactive Institutional Research(Powered by Trefis) Get Trefis Technology The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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8a41966c-6314-4916-ac34-cb3a560de1b9
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722360.0
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2017-06-22 00:00:00 UTC
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Will Earnings Growth Continue in Q2?
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DE
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https://www.nasdaq.com/articles/will-earnings-growth-continue-q2-2017-06-22
|
nan
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nan
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Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Here are the key points:
• The Q2 earnings season wouldn't take the spotlight till the week of July 10th when the big banks will come out with quarterly reports. But companies with fiscal quarters ending in May have starting reporting already and these reports form part of our Q2 tally.
• Of such companies with fiscal quarters end in May, we have seen results from 7 S&P 500 members. This is too small a sample to draw any firm conclusions from. But for whatever it is worth, the growth and proportion of positive surprises for these 7 index members are tracking above what we had seen from the same cohort of companies in other recent periods.
• Q2 Estimates have come down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
• Total Q2 earnings for the S&P 500 index are expected to be up +5.7% from the same period last year on +4.7% higher revenues. The Energy, Aerospace, Finance, Technology, Construction and Industrial Products are expected to be big growth drivers in Q2, with the quarterly earnings growth pace dropping to +3% on an ex-Energy basis.
• The picture that emerged from the Q1 earnings season was one of notable improvement over other recent periods, with growth reaching the highest level in more than 5 years and a bigger proportion of companies beating estimates, particularly revenue estimates.
• Beyond Q2, total earnings for the S&P 500 index are currently expected to grow by +6.4% on +4.7% higher revenues in the September quarter and +10% on +5.3% higher revenues in Q4.
• For full-year 2017, total earnings for the index are expected to be up +7.8% on +4.2% higher revenues, which would follow +1% earnings growth on +2% higher revenues in 2016. Index earnings are expected to be up +11.7% in 2018 and +9.1% in 2019. The Energy, Technology and Finance sectors are the biggest earnings contributors in 2017 - 2017 earnings growth would be +4.9% on an ex-Energy basis.
The Q2 earnings season will follow the strong showing in the preceding reporting cycle when growth reached its highest level in more than five years and an above-average proportion of companies beat revenue estimates. The market will be looking for continuation of these favorable trends in the Q2 reporting cycle as well, which has (officially) gotten underway already but wouldn't ramp up through the week of July 10th, when the major banks come out with results (thankfully, Alcoa's report no longer serves that purpose).
Estimates for Q2 have come down since the start of the period, as the chart below shows
This trend of negative revisions ahead of the start of each reporting cycles is not new; we have been seeing this play out quarter after quarter for more than 3 years. That the revisions trend has been moving in a favorable direction over the last two quarters and that same trend is even more at play in Q2 estimates. What this means is that while estimates for Q2 have come down, they haven't come down as much as would typically be the case by this time in other recent periods.
Estimates for 10 of the 16 Zacks sectors have come down since the start of Q2, with Consumer Discretionary and Basic Materials suffering the most revisions. Estimates for the Tech sector remain effectively unchanged, while the same for Transportation, Aerospace, Business Services, Construction, and Industrial Products sectors have gone up. The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture.
The actual Q1 earnings growth (+13.3%) turned out to be double the growth pace that was expected at the start of the reporting cycle (+6.6%). This magnitude of outperformance was unusual and above the quarterly trend of the last few years. We know that actual Q2 growth will be higher relative to what is currently expected. But even if actual Q2 earnings growth turns out to be as high as was expected at the start of the quarter (+7.9%), it will still be below what was achieved in Q1.
In fact, we can project with a reasonable level of confidence that the Q1 earnings growth pace will be the highest for the next few quarters. We should continue to see positive earnings growth in the coming quarters, but the growth pace will likely stay below what we experienced in Q1.
The chart below shows quarterly earnings growth expectations beyond Q2.
Note: Sheraz Mian manages the Zacks equity research department. He is an acknowledged earnings expert whose commentaries and analyses appear on Zacks.com and in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview . He manages the Zacks Top 10 and Focus List portfolios and writes the Weekly Market Analysis article for Zacks Premium subscribers.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations 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
Deere & Company (DE): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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5 Trades Could Profit "Big-League" from Trump Policies If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • The Q2 earnings season wouldn't take the spotlight till the week of July 10th when the big banks will come out with quarterly reports.
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The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • The Q2 earnings season wouldn't take the spotlight till the week of July 10th when the big banks will come out with quarterly reports.
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• For full-year 2017, total earnings for the index are expected to be up +7.8% on +4.2% higher revenues, which would follow +1% earnings growth on +2% higher revenues in 2016. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • The Q2 earnings season wouldn't take the spotlight till the week of July 10th when the big banks will come out with quarterly reports. But for whatever it is worth, the growth and proportion of positive surprises for these 7 index members are tracking above what we had seen from the same cohort of companies in other recent periods.
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You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • The Q2 earnings season wouldn't take the spotlight till the week of July 10th when the big banks will come out with quarterly reports. But for whatever it is worth, the growth and proportion of positive surprises for these 7 index members are tracking above what we had seen from the same cohort of companies in other recent periods. • Q2 Estimates have come down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
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bd9fd67f-33b6-48c8-a177-888da8df8087
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722361.0
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2017-06-21 00:00:00 UTC
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Will Earnings Growth Continue in Q2?
|
DE
|
https://www.nasdaq.com/articles/will-earnings-growth-continue-q2-2017-06-21
|
nan
|
nan
|
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>>
Here are the key points:
• The Q2 earnings season wouldn't take the spotlight till the week of July 10th when the big banks will come out with quarterly reports. But companies with fiscal quarters ending in May have starting reporting already and these reports form part of our Q2 tally.
• Of such companies with fiscal quarters end in May, we have seen results from 7 S&P 500 members. This is too small a sample to draw any firm conclusions from. But for whatever it is worth, the growth and proportion of positive surprises for these 7 index members are tracking above what we had seen from the same cohort of companies in other recent periods.
• Q2 Estimates have come down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
• Total Q2 earnings for the S&P 500 index are expected to be up +5.7% from the same period last year on +4.7% higher revenues. The Energy, Aerospace, Finance, Technology, Construction and Industrial Products are expected to be big growth drivers in Q2, with the quarterly earnings growth pace dropping to +3% on an ex-Energy basis.
• The picture that emerged from the Q1 earnings season was one of notable improvement over other recent periods, with growth reaching the highest level in more than 5 years and a bigger proportion of companies beating estimates, particularly revenue estimates.
• Beyond Q2, total earnings for the S&P 500 index are currently expected to grow by +6.4% on +4.7% higher revenues in the September quarter and +10% on +5.3% higher revenues in Q4.
• For full-year 2017, total earnings for the index are expected to be up +7.8% on +4.2% higher revenues, which would follow +1% earnings growth on +2% higher revenues in 2016. Index earnings are expected to be up +11.7% in 2018 and +9.1% in 2019. The Energy, Technology and Finance sectors are the biggest earnings contributors in 2017 - 2017 earnings growth would be +4.9% on an ex-Energy basis.
The Q2 earnings season will follow the strong showing in the preceding reporting cycle when growth reached its highest level in more than five years and an above-average proportion of companies beat revenue estimates. The market will be looking for continuation of these favorable trends in the Q2 reporting cycle as well, which has (officially) gotten underway already but wouldn't ramp up through the week of July 10th, when the major banks come out with results (thankfully, Alcoa's report no longer serves that purpose).
Estimates for Q2 have come down since the start of the period, as the chart below shows
This trend of negative revisions ahead of the start of each reporting cycles is not new; we have been seeing this play out quarter after quarter for more than 3 years. That the revisions trend has been moving in a favorable direction over the last two quarters and that same trend is even more at play in Q2 estimates. What this means is that while estimates for Q2 have come down, they haven't come down as much as would typically be the case by this time in other recent periods.
Estimates for 10 of the 16 Zacks sectors have come down since the start of Q2, with Consumer Discretionary and Basic Materials suffering the most revisions. Estimates for the Tech sector remain effectively unchanged, while the same for Transportation, Aerospace, Business Services, Construction, and Industrial Products sectors have gone up. The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture.
The actual Q1 earnings growth (+13.3%) turned out to be double the growth pace that was expected at the start of the reporting cycle (+6.6%). This magnitude of outperformance was unusual and above the quarterly trend of the last few years. We know that actual Q2 growth will be higher relative to what is currently expected. But even if actual Q2 earnings growth turns out to be as high as was expected at the start of the quarter (+7.9%), it will still be below what was achieved in Q1.
In fact, we can project with a reasonable level of confidence that the Q1 earnings growth pace will be the highest for the next few quarters. We should continue to see positive earnings growth in the coming quarters, but the growth pace will likely stay below what we experienced in Q1.
The chart below shows quarterly earnings growth expectations beyond Q2.
Note: Sheraz Mian manages the Zacks equity research department. He is an acknowledged earnings expert whose commentaries and analyses appear on Zacks.com and in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview . He manages the Zacks Top 10 and Focus List portfolios and writes the Weekly Market Analysis article for Zacks Premium subscribers.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations 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
Deere & Company (DE): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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5 Trades Could Profit "Big-League" from Trump Policies If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>> Here are the key points: • The Q2 earnings season wouldn't take the spotlight till the week of July 10th when the big banks will come out with quarterly reports.
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The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here. You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>> Here are the key points: • The Q2 earnings season wouldn't take the spotlight till the week of July 10th when the big banks will come out with quarterly reports.
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• For full-year 2017, total earnings for the index are expected to be up +7.8% on +4.2% higher revenues, which would follow +1% earnings growth on +2% higher revenues in 2016. You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>> Here are the key points: • The Q2 earnings season wouldn't take the spotlight till the week of July 10th when the big banks will come out with quarterly reports. But for whatever it is worth, the growth and proportion of positive surprises for these 7 index members are tracking above what we had seen from the same cohort of companies in other recent periods.
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You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>> Here are the key points: • The Q2 earnings season wouldn't take the spotlight till the week of July 10th when the big banks will come out with quarterly reports. But for whatever it is worth, the growth and proportion of positive surprises for these 7 index members are tracking above what we had seen from the same cohort of companies in other recent periods. • Q2 Estimates have come down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
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722362.0
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2017-06-21 00:00:00 UTC
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Prepare for the Next Dividend Rush
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DE
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https://www.nasdaq.com/articles/prepare-next-dividend-rush-2017-06-21
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In this low interest rate environment, dividends are still looking great.
After all, the S&P 500 currently yields about 2%, and that is a heck of a lot better than you can get through most savings accounts.
On top of this, dividends do two important things:
First, a generous dividend payment often lowers a stock's volatility. I'd much rather own a stock that's stable rather than one that scatters all over the place.
They also tell me how much money a company really has. If the company is willing to part with cash in the form of a dividend payment, then I know they really earned it.
But you still have to do your homework and screen dividend stocks for fundamental health . Stock selection remains critical with dividend stocks, because if you choose them correctly, you can make a fortune both as your invested capital appreciates over the years-and as the quarterly dividend grows.
And now is the perfect time to do so because we're coming up on a bunch of ex-dividend dates over the next few weeks.
Note: These ratings are based on the Dividend Grader system, which follows different criteria than the Portfolio Grader system .
For more information on the Dividend Grader formula, click here .
As you can see, there are plenty of promising dividend stocks to buy, but there are also many pitfalls here. As always, you should continue running your holdings through both Portfolio Grader and Dividend Grader to make sure that you're only holding top-rated stocks.
More From InvestorPlace
10 Best Dividend Stocks for the Market's 10 Sectors
7 Dividend Stocks to Buy That Make The Grade
8 Dangerous Dividend Stocks That Could Cut or Kill Their Payouts
The post Prepare for the Next Dividend Rush appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If the company is willing to part with cash in the form of a dividend payment, then I know they really earned it. Stock selection remains critical with dividend stocks, because if you choose them correctly, you can make a fortune both as your invested capital appreciates over the years-and as the quarterly dividend grows. And now is the perfect time to do so because we're coming up on a bunch of ex-dividend dates over the next few weeks.
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More From InvestorPlace 10 Best Dividend Stocks for the Market's 10 Sectors 7 Dividend Stocks to Buy That Make The Grade 8 Dangerous Dividend Stocks That Could Cut or Kill Their Payouts The post Prepare for the Next Dividend Rush appeared first on InvestorPlace . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In this low interest rate environment, dividends are still looking great.
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On top of this, dividends do two important things: First, a generous dividend payment often lowers a stock's volatility. Stock selection remains critical with dividend stocks, because if you choose them correctly, you can make a fortune both as your invested capital appreciates over the years-and as the quarterly dividend grows. More From InvestorPlace 10 Best Dividend Stocks for the Market's 10 Sectors 7 Dividend Stocks to Buy That Make The Grade 8 Dangerous Dividend Stocks That Could Cut or Kill Their Payouts The post Prepare for the Next Dividend Rush appeared first on InvestorPlace .
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If the company is willing to part with cash in the form of a dividend payment, then I know they really earned it. More From InvestorPlace 10 Best Dividend Stocks for the Market's 10 Sectors 7 Dividend Stocks to Buy That Make The Grade 8 Dangerous Dividend Stocks That Could Cut or Kill Their Payouts The post Prepare for the Next Dividend Rush appeared first on InvestorPlace . InvestorPlace - Stock Market News, Stock Advice & Trading Tips In this low interest rate environment, dividends are still looking great.
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722363.0
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2017-06-21 00:00:00 UTC
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Caterpillar's (CAT) May Sales Rise 8%: Good Times Ahead?
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DE
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https://www.nasdaq.com/articles/caterpillars-cat-may-sales-rise-8%3A-good-times-ahead-2017-06-21
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nan
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nan
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Caterpillar Inc.CAT reported 8% rise in sales in May, a pick up from 1% growth witnessed in April and March thanks to continuing improvement in Asia Pacific, particularly in Resource Industries. This is a positive development for the ailing mining and construction equipment behemoth which had been going through a rough patch with sales declining for an unprecedented 51-month long stretch that ended in March this year.
As per the company's recent May 2017 sales report, overall performance was led by Asia Pacific which witnessed 49% rise in sales. Sale edged up 2% in North America. Sales slumped 15% in Latin America, while Europe, Africa and Middle East (EAME) witnessed a 6% dip.
The Asia Pacific region has been a consistent performer for Caterpillar since it posted the first positive reading in Aug 2016. The company has since then witnessed a growing trend in sales in the region with the growth graph steadily picking up steam from single digits to the 49% growth witnessed in May. It is also worth mentioning that after four successive months of declines, North America has delivered positive growth in May. Though in Latin America, growth still remains in the negative territory and is muted compared with the prior months this year.
Caterpillar, Inc. Price
Caterpillar, Inc. Price | Caterpillar, Inc. Quote
Overall sales at Resource Industries were down 3%, nevertheless an improvement from the 19% decline suffered in March and April. Latin American sales witnessed the maximum decline of 50%, followed by a 3% drop in North America. EAME sales were flat. Asia Pacific was the only region to put up a positive growth of 34%, a massive turnaround from the 6% drop in April.
Sales in Construction Industries improved 11% year over year, depicting an upward trend since Feb 2017. Sales surged 52% in Asia Pacific and went up 9% in Latin America. The rise of 4% observed in North America helped offset the 7% decline in EAME. The construction industry has now entered a more mature phase of expansion, and construction spending can be anticipated to see moderate gains through 2017 and beyond.
Sales in the Energy & Transportation segment rose 4%, an improvement from the 2% dip in April. Sales to the Oil and Gas sector, Transportation sector and Industrial sector posted a rise of 13%, 9% and 4%, respectively. This helped offset a 10% decline in sales to the Power Generation Sector.
Caterpillar which has so far been grappling with the commodities rout triggered by a slowdown in China and excess supplies of most metals and energy products, is finally showing signs of turnaround this year. This was made possible by its relentless cost saving actions along with improvement in construction and Asia Pacific. In the first quarter of 2017, the company delivered year-over-year improvement in both the top line and bottom line for the first time in 10 quarters. Backlog improved on a year-over-year basis for the first time since the third quarter of 2014.
The company has outperformed the Zacks categorized Machinery - Construction/ Mining subindustry on a year-to-date basis. Shares have gained 17.3% while the industry registered an increase of 16.5%.
Quoting activity remains promising in many of Caterpillar's markets and retail sales are turning positive for both machines and Energy & Transportation for the first time in several years. The company estimates revenues around $38 to $41 billion for 2017, depicting a 2% rise from the revenues reported in fiscal 2016. It now anticipates earnings per share (excluding restructuring costs) of $3.75, reflecting a 10% improvement over 2016 earnings.
The Zacks Consensus Estimate for fiscal 2017 for revenues and earnings are $40.21 billion and $4.13, respectively. Notably, both the figures are higher than the company's respective guidance. Estimates for Caterpillar have moved up in the past 60 days, reflecting the optimistic outlook of analysts. The earnings estimate for fiscal 2017 has gone up 28% while that of fiscal 2018 has moved up 18%.
Caterpillar recently announced that its board of directors have approved 1.3% increase in quarterly dividend to 78 cents per share after a hiatus of two years. The move reflects balance sheet strength and improved cost structure which has once again enabled the company to deliver incremental returns to shareholders. Going forward, Caterpillar is expected to benefit from President Trump's plans of big spending in infrastructure as it is anticipated to play a major role in the national infrastructure plan.
Caterpillar currently sports a Zacks Rank #1 (Strong Buy).
Other top-ranked companies in the industrial product space include AGCO Corporation AGCO , Deere & Company DE and Rockwell Automation Inc. ROK . AGCO and Deere flaunt the same rank as Caterpillar while Rockwell Automation carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has expected long-term growth of 12.11%.
Deere has an expected long-term growth of 9.17%.
Rockwell Automation has an expected long-term growth of 10.63%.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>
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
Rockwell Automation, Inc. (ROK): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This is a positive development for the ailing mining and construction equipment behemoth which had been going through a rough patch with sales declining for an unprecedented 51-month long stretch that ended in March this year. Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). It is also worth mentioning that after four successive months of declines, North America has delivered positive growth in May.
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Caterpillar, Inc. Price Caterpillar, Inc. Price | Caterpillar, Inc. Quote Overall sales at Resource Industries were down 3%, nevertheless an improvement from the 19% decline suffered in March and April. Other top-ranked companies in the industrial product space include AGCO Corporation AGCO , Deere & Company DE and Rockwell Automation Inc. ROK . Click to get this free report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Caterpillar, Inc. Price Caterpillar, Inc. Price | Caterpillar, Inc. Quote Overall sales at Resource Industries were down 3%, nevertheless an improvement from the 19% decline suffered in March and April. Click to get this free report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. This is a positive development for the ailing mining and construction equipment behemoth which had been going through a rough patch with sales declining for an unprecedented 51-month long stretch that ended in March this year.
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Latin American sales witnessed the maximum decline of 50%, followed by a 3% drop in North America. Sales in Construction Industries improved 11% year over year, depicting an upward trend since Feb 2017. This is a positive development for the ailing mining and construction equipment behemoth which had been going through a rough patch with sales declining for an unprecedented 51-month long stretch that ended in March this year.
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2017-06-20 00:00:00 UTC
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Reliance Steel (RS) Updates Earnings Guidance for Q2
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https://www.nasdaq.com/articles/reliance-steel-rs-updates-earnings-guidance-for-q2-2017-06-20
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Reliance Steel & Aluminum Co.RS has updated its earnings guidance for the second quarter ending Jun 30, 2017.
The company now anticipates earnings per share in the range of $1.30-$1.40 for the second quarter of 2017, compared with the previous outlook of $1.50-$1.60 per share.
Reliance Steel said that the favorable momentum it witnessed with respect to demand and price in the first quarter of 2017 did not accelerate into the second quarter as it had expected earlier owing to challenging market conditions. The company's gross profit margin witnessed a downward pressure due to increased uncertainty in metals pricing.
Reliance Steel has outperformed the Zacks categorized Metal-Products Distributor industry over the last six months. The company's shares lost 12.7% over this period while the industry saw a decline of 46.1%.
Reliance Steel is likely to gain from strong momentum across automotive and aerospace markets. The company expects sustained momentum across these markets in 2017. It should also benefit from its aggressive acquisition strategy, broad and diversified product base and wide geographic footprint.
However, the company's business in the energy markets is expected to remain under pressure due to depressed oil pricing. While there has been some recovery of late in the non-residential construction market (Reliance Steel's biggest end-market), demand still remains significantly below the peak levels achieved in 2006. This key end-use market remains on a slow road to recovery. The steel industry also suffers from fundamental issues including low capacity utilization, cheaper imports, excess supply and inventory glut.
Reliance Steel & Aluminum Co. Price and Consensus
Reliance Steel & Aluminum Co. Price and Consensus | Reliance Steel & Aluminum Co. Quote
Zacks Rank & Key Picks
Reliance Steel currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies in the industrial product space include Caterpillar, Inc. CAT , Deere & Company DE and AGCO Corporation AGCO . 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.
Caterpillar has expected long-term growth of 9.5%.
Deere & Company has expected long-term growth of 9.2%.
AGCO Corp has expected long-term growth of 12.1%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
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
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Reliance Steel & Aluminum Co. (RS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While there has been some recovery of late in the non-residential construction market (Reliance Steel's biggest end-market), demand still remains significantly below the peak levels achieved in 2006. Reliance Steel said that the favorable momentum it witnessed with respect to demand and price in the first quarter of 2017 did not accelerate into the second quarter as it had expected earlier owing to challenging market conditions. The company's shares lost 12.7% over this period while the industry saw a decline of 46.1%.
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Some better-ranked companies in the industrial product space include Caterpillar, Inc. CAT , Deere & Company DE and AGCO Corporation AGCO . Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Reliance Steel & Aluminum Co. (RS): Free Stock Analysis Report To read this article on Zacks.com click here. Reliance Steel said that the favorable momentum it witnessed with respect to demand and price in the first quarter of 2017 did not accelerate into the second quarter as it had expected earlier owing to challenging market conditions.
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Reliance Steel said that the favorable momentum it witnessed with respect to demand and price in the first quarter of 2017 did not accelerate into the second quarter as it had expected earlier owing to challenging market conditions. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Reliance Steel & Aluminum Co. (RS): Free Stock Analysis Report To read this article on Zacks.com click here. The company's shares lost 12.7% over this period while the industry saw a decline of 46.1%.
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Reliance Steel said that the favorable momentum it witnessed with respect to demand and price in the first quarter of 2017 did not accelerate into the second quarter as it had expected earlier owing to challenging market conditions. Some better-ranked companies in the industrial product space include Caterpillar, Inc. CAT , Deere & Company DE and AGCO Corporation AGCO . The company's shares lost 12.7% over this period while the industry saw a decline of 46.1%.
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2017-06-20 00:00:00 UTC
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5 Industrial Stocks to Add to Your Portfolio Right Now
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https://www.nasdaq.com/articles/5-industrial-stocks-to-add-to-your-portfolio-right-now-2017-06-20
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U.S. factory activity has overcome its persistent sluggishness of last year on the back of steady job creation, a stable dollar and strong overseas demand. The industrials sector has also been gaining a lot of traction lately thanks to President Trump's plan to increase infrastructure spending.
For the first quarter, industrial production - a measure of output at factories, mines and utilities - rose at an annual rate of 1.5 %. The momentum continued in the second quarter with U.S. industrial production logging growth of 1.1% in April compared with March, marking its biggest gain since Feb 2014. Industrial production remained unchanged in May compared with April.
A drop in manufacturing output was offset by increases in mining and utilities output to keep the index flat in May. Though manufacturing output declined 0.4% in May; it is well within the range of normal monthly volatility. Factory production has gone up 1.4 % in the last 12 months. Total industrial production in May was 2.2% above year-earlier level.
Growth Momentum to Continue in Q2
The Industrial Products sector (one of the 16 broad Zacks sectors), put up a 28.5% growth in earnings in first-quarter 2017 on the back of 8.7% increase in revenues. The proportion of companies beating both earnings and revenue estimates was 72.7%. For second-quarter 2017, an 11.5% growth in earnings is projected on the back of a 12.2% rise in revenues. (Read more: Earnings Growth to Continue in Q2 )
An Outperformer
Year to date, the industrial products sector has outperformed the S&P 500. The industry has clocked a gain of 12.2%, ahead of the S&P 500's gain of 11.1%.
Favorable Position
The bullish Zacks Sector Rank of 2 carried by the industrial products sector is a testimony to the fact that it is back in favor. The favorable rank places the sector in the top 13% of the 16 sectors we cover.
Thus it would be a prudent idea to invest in some industrial stocks that have compelling prospects and are well poised to run higher leveraging improving market conditions. We highlight the following stocks, armed with a Zacks Rank #1 (Strong Buy) or 2 (Buy), and are worth considering for investment right now. You can see the complete list of today's Zacks #1 Rank stocks here .
Caterpillar Inc.CAT , the mining and construction equipment behemoth boasts a Zacks Rank #1 and is a good pick at the moment. It has a long-term earnings growth rate of 9.5%.
The company delivered a positive average earnings surprise of 40.25% in the last four quarters. The Zacks Consensus Estimate for fiscal 2017 has gone up 28% in the past 60 days and is currently at $4.13, reflecting year-over-year growth of 20.73%. The estimate for fiscal 2018 has gone up 18% to $5.15, reflecting 24.75% year-over-year growth.
Deere & CompanyDE , producer of agricultural equipment and a leading manufacturer of construction, forestry, and commercial and consumer equipment flaunts a Zacks Rank #1. Deere has a long-term earnings growth rate of 9.17%.
Deere outpaced the Zacks Consensus Estimate in the trailing four quarters, generating an encouraging positive average earnings surprise of 70.41%. The estimate for fiscal 2017 climbed 32% to $6.31 in the past 60 days. The Zacks Consensus Estimate for fiscal 2018 also moved north 23% to $6.82. The projected growth rate for fiscal 2017 is 31.12% and for fiscal 2018 at 8.10%.
Parker-Hannifin CorporationPH , a global diversified manufacturer of motion & control technologies and systems, sports a Zacks Rank #1. It has a long-term earnings growth rate of 9.39%.
The company has a robust earnings surprise history, with consecutive earnings beats in the four trailing quarters, with an average positive earnings surprise history of 14.94%. The Zacks Consensus Estimate for fiscal 2017 has gone up 5% in the past 60 days and is currently at $7.91, reflecting year-over-year growth of 22.37%. The estimate for fiscal 2018 has gone up 6% to $8.90, reflecting 12.62% year-over-year growth.
Pentair plcPNR , a diversified industrial manufacturing company, carries a Zacks Rank #2. It has an estimated earnings growth rate of 11.41%.
Pentair outpaced the Zacks Consensus Estimate in the trailing four quarters, generating an encouraging positive average earnings surprise of 5.29%. The estimate for fiscal 2017 inched up 1% to $3.52. The Zacks Consensus Estimate for fiscal 2018 also moved north 2% to $3.92, in the past 60 days. The projected growth rate for fiscal 2017 is 15.52% and for fiscal 2018 at 11.23%.
Colfax CorporationCFX , carrying a Zacks Rank #2, is one of the leading manufacturing and engineering companies, which specializes in products and services related to gas and fluid handling, and fabrication technology. It has a long-term earnings growth rate of 10.83%.
The company has an average positive earnings surprise of 9.45% in the last four quarters. The Zacks Consensus Estimate for fiscal 2017 has gone up 3% in the past 60 days and is currently at $1.71, reflecting a year-over-year growth of 9.81%. The estimate for fiscal 2018 has gone up 5% to $2.00, reflecting 16.93% year-over-year growth.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
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
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
Colfax Corporation (CFX): Free Stock Analysis Report
Pentair PLC. (PNR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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U.S. factory activity has overcome its persistent sluggishness of last year on the back of steady job creation, a stable dollar and strong overseas demand. Thus it would be a prudent idea to invest in some industrial stocks that have compelling prospects and are well poised to run higher leveraging improving market conditions. The industrials sector has also been gaining a lot of traction lately thanks to President Trump's plan to increase infrastructure spending.
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Deere outpaced the Zacks Consensus Estimate in the trailing four quarters, generating an encouraging positive average earnings surprise of 70.41%. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Colfax Corporation (CFX): Free Stock Analysis Report Pentair PLC. U.S. factory activity has overcome its persistent sluggishness of last year on the back of steady job creation, a stable dollar and strong overseas demand.
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Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Colfax Corporation (CFX): Free Stock Analysis Report Pentair PLC. U.S. factory activity has overcome its persistent sluggishness of last year on the back of steady job creation, a stable dollar and strong overseas demand. The industrials sector has also been gaining a lot of traction lately thanks to President Trump's plan to increase infrastructure spending.
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U.S. factory activity has overcome its persistent sluggishness of last year on the back of steady job creation, a stable dollar and strong overseas demand. The industrials sector has also been gaining a lot of traction lately thanks to President Trump's plan to increase infrastructure spending. A drop in manufacturing output was offset by increases in mining and utilities output to keep the index flat in May.
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2017-06-19 00:00:00 UTC
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Why Deere & Company (DE) Stock Might be a Great Pick
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https://www.nasdaq.com/articles/why-deere-company-de-stock-might-be-a-great-pick-2017-06-19
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One stock that might be an intriguing choice for investors right now is Deere & CompanyDE . This is because this security in the Manufacturing - Farm Equipment space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Manufacturing - Farm Equipment space as it currently has a Zacks Industry Rank of 15 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Deere & Company is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
Deere & Company Price and Consensus
Deere & Company Price and Consensus | Deere & Company Quote
In fact, over the past month, current quarter estimates have risen from $1.55 per share to $1.85 per share, while current year estimates have risen from $4.95 per share to $6.31 per share. This has helped DE to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. You can see the complete list of today's Zacks #1 Rank stocks here .
So, if you are looking for a decent pick in a strong industry, consider Deere & Company. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This has helped DE to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. One stock that might be an intriguing choice for investors right now is Deere & CompanyDE .
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Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote In fact, over the past month, current quarter estimates have risen from $1.55 per share to $1.85 per share, while current year estimates have risen from $4.95 per share to $6.31 per share. One stock that might be an intriguing choice for investors right now is Deere & CompanyDE . This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board.
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Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote In fact, over the past month, current quarter estimates have risen from $1.55 per share to $1.85 per share, while current year estimates have risen from $4.95 per share to $6.31 per share. One stock that might be an intriguing choice for investors right now is Deere & CompanyDE . This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board.
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One stock that might be an intriguing choice for investors right now is Deere & CompanyDE . This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. Meanwhile, Deere & Company is actually looking pretty good on its own too.
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2017-06-19 00:00:00 UTC
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2 Small-Cap Stocks Warren Buffett Would Buy (MHLD, ARTNA)
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https://www.nasdaq.com/articles/2-small-cap-stocks-warren-buffett-would-buy-mhld-artna-2017-06-19
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
His portfolio is built on the largest companies in America.
Giants like Apple Inc. (NASDAQ: AAPL ), Deere & Company (NYSE: DE ), and Wal-Mart Stores Inc (NSYE: WMT ) dominate his holdings.
While Buffett's concentration is on the largest of the large-caps, he has a love for the potential of small-caps, defined as companies with market capitalizations between$300 million to $2 billion.
A little while ago he told Fortune Magazine , " It's one thing to own stock in a Coca-Cola or something, but when you are actually in the business of making determinations about opening stores and pricing decisions, you learn from it. We have made a lot more money out of See's than shows from the earnings of See's, just by the fact that it has educated me. "
How Warren Buffett Picks His Winners
It's safe to say Warren's consultation fee is among the most expensive of all time. People routinely spend a million plus dollars just to have an informal lunch with the guru. Astoundingly, the latest bid posted at $2.7 million for an hour or two of his time.
But you don't need to shell out the price of a private island to find small-cap stocks Buffett would buy. The investing legend freely provides his investing guidance and strategy to anyone with the gumption to look.
The 7 Best Stocks to Buy at Any Price
For almost thirty years, he has written an annual investor letter outlining his ideas for the year, there are multiple books focused on his core philosophy, and Buffett is known to be open about his investing influences in interviews. These sources reveal a few common themes.
Just like "location, location, location" is the mantra for real estate investors, "value, value, the value" could be the three words describing Buffett's investing thesis. Buffett points at Columbia University professors Benjamin Graham and David Dodd as his primary influencers. Specifically, the professors' famous stock market book Security Analysis , which was one of the first works describing value investing.
At its core, value investing is buying cheapened stocks according to an analysis of the balance sheet. Stated simply, shares are purchased at a discount to their actual worth. It doesn't matter if the companies are large-cap or small-cap, his investing thesis remains the same.
Another crucial concept of Buffett's investing thesis is an economic moat. Moats are especially critical for small-cap stocks, due to the inherent volatility in the small-cap stock sector.
Buffett explained the value of a moat in his 2007 Berkshire Hathaway shareholder letter:
" A great business must have an enduring "moat" that protects excellent returns on invested capital. The dynamics of capitalism guarantee that competitors will repeatedly assault any business "castle" that is earning a formidable barrier such as a companies being the low-cost producer or possessing a powerful world-wide brand is essential for sustained success ."
Here are 2 small-cap stocks Warren Buffett would love:
Maiden Holdings, Ltd. (MHLD)
Buffett loves insurance companies, and this reinsurance-focused holding company is no exception. Boasting a market cap of $1 billion places Maiden Holdings, Ltd. (NASDAQ: MHLD ) within the small-cap range.
According to one of Ben Graham's main investment rules, sales cannot be lower than $340 million. Maiden Holdings' sales of $2.7 billion easily fit the criteria.
Maiden also enjoys solid free cash flows and a nearly 2.3% return on assets. A dependable dividend yield of over 5.2% sweetens the shares for value-seeking investors.
Add in the fact that the shares are currently trading in the $11.35 zone, near the bottom of their 52-week range, and this stock has value written all over it.
Artesian Resources Corporation (ARTNA)
Artesian Resources Corporation (NASDAQ: ARTNA ) is a regional utilities provider with a market cap of around $360 million, placing it just above the micro-cap range. The company's 12%-plus profit margin and a dividend yield of over 2% outperform the S&P 500's average stock yield of less than 2% and average profit margin of about 9%.
Utilities are known for wide economic moats due to the extreme difficulty of entry for competitors and government protection. Shares are trading higher by over 30% in the last 52 weeks, adding price momentum to the already bullish metrics.
Risks To Consider: Small-cap companies are inherently more volatile than their large-cap brethren. Even stable, profitable small-cap stocks can be risky.
Action To Take: Consider adding one or both of the above small-cap stocks to your portfolio. When evaluating any stock, applying the Buffett value criteria is a time-proven way to improve long-term returns.
10 Great Stocks to Buy You Didn't Know Existed
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The post 2 Small-Cap Stocks Warren Buffett Would Buy (MHLD, ARTNA) appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Giants like Apple Inc. (NASDAQ: AAPL ), Deere & Company (NYSE: DE ), and Wal-Mart Stores Inc (NSYE: WMT ) dominate his holdings. A little while ago he told Fortune Magazine , " It's one thing to own stock in a Coca-Cola or something, but when you are actually in the business of making determinations about opening stores and pricing decisions, you learn from it. The dynamics of capitalism guarantee that competitors will repeatedly assault any business "castle" that is earning a formidable barrier such as a companies being the low-cost producer or possessing a powerful world-wide brand is essential for sustained success ."
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Here are 2 small-cap stocks Warren Buffett would love: Maiden Holdings, Ltd. (MHLD) Buffett loves insurance companies, and this reinsurance-focused holding company is no exception. Boasting a market cap of $1 billion places Maiden Holdings, Ltd. (NASDAQ: MHLD ) within the small-cap range. Artesian Resources Corporation (ARTNA) Artesian Resources Corporation (NASDAQ: ARTNA ) is a regional utilities provider with a market cap of around $360 million, placing it just above the micro-cap range.
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Here are 2 small-cap stocks Warren Buffett would love: Maiden Holdings, Ltd. (MHLD) Buffett loves insurance companies, and this reinsurance-focused holding company is no exception. Giants like Apple Inc. (NASDAQ: AAPL ), Deere & Company (NYSE: DE ), and Wal-Mart Stores Inc (NSYE: WMT ) dominate his holdings. While Buffett's concentration is on the largest of the large-caps, he has a love for the potential of small-caps, defined as companies with market capitalizations between$300 million to $2 billion.
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Here are 2 small-cap stocks Warren Buffett would love: Maiden Holdings, Ltd. (MHLD) Buffett loves insurance companies, and this reinsurance-focused holding company is no exception. Maiden Holdings' sales of $2.7 billion easily fit the criteria. Giants like Apple Inc. (NASDAQ: AAPL ), Deere & Company (NYSE: DE ), and Wal-Mart Stores Inc (NSYE: WMT ) dominate his holdings.
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722368.0
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2017-06-19 00:00:00 UTC
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Caterpillar vs. Deere: Which Is the Better Strong-Buy Rated Stock?
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DE
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https://www.nasdaq.com/articles/caterpillar-vs.-deere%3A-which-is-the-better-strong-buy-rated-stock-2017-06-19
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Industrial production remained unchanged in May after registering its biggest gain in nearly three years in the prior month. Manufacturing output, which accounts for around 75% of total industrial production, decreased 0.4% after advancing in April. This was the second monthly fall in the last three months. Despite the decline in its biggest contributor, industrial output managed to remain flat last month following an increase in mining and utilities production.
In this context, it is wise to focus on two major industrial companies, Caterpillar Inc. CAT and Deere & Company DE . While both the behemoths have a Zacks Rank #1 (Strong Buy), it will be interesting to see which stock is better positioned in terms of fundamentals. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Other industrial stocks from the Zacks Industrial Products sector which also carry a Zacks Rank #1 include Atlas Copco AB ATLKY and Parker-Hannifin Corp. PH .
Deere Beats on the Bourses
Over the last year, the industrial sector as a whole and the two stocks under consideration, have considerably outpaced S&P 500's performance of 17.2%. While the Zacks Industrial Products sector has advanced 20.7% over the last year, Caterpillar has soared 40.8%. However, Deere has outperformed both Caterpillarand broader industry, surging 49.4% over the same period.
Valuation
The most appropriate ratio to evaluate these two industrials stocks is EV/EBITDA. This metric is usually used to compare two stocks within the same industry or sector. It is superior to other metrics such as P/E because it is not affected by the different capital structures of the two companies. Further, EV/EBITDA does not include the impact of non-cash expenses.
First, we have compared the broader industrial sector with the benchmark S&P 500 in terms of EV/EBITDA. For the last year, the S&P 500 has an EV/EBITDA value of 10.89, whereas the Zacks Industrial Products sector's readings stand at 15. This clearly shows that the sector is relatively overvalued.
Coming to the individual EV/EBITDA ratios, both Caterpillar and Deere are underpriced, with readings of 12.93 and 13.89, respectively. Clearly, Caterpillar stands out in terms of valuation.
Inventory Turnover Ratio
Inventory turnover ratio evaluates the efficiency of an industrial company's manufacturing process. A high inventory turnover ratio ensures that the company is able to manage its inventory effectively to generate revenues and avoid wastage.
This is one of the most important financial ratios, which is widely used by industrial companies to measure their ability to utilize their inventories. In the last year, the inventory turnover ratio for Caterpillar and Deere has been 3.08% and 4.75%, respectively, lower than the sector's level of 5.4%. However, Caterpillar has registered better inventory turnover than its competitor.
Return on Assets
Return on assets (ROA) is one of the key financial ratios for industrials as they rely heavily on inventory to create revenues. Although they have a comparatively low level of net profit, an above-average ROA denotes that the company in question is generating earnings by effectively managing its assets.
A positive ROA indicates that the company has reported gains from its assets for the period in question. Coming to Caterpillar and Deere, ROA for the trailing 12-months (TTM) is 3.1% and 3.05%, respectively, which are below the industrial sector's level of 5.4%. This round easily goes to Caterpillar.
Dividend Yield
In the last one-year period, the dividend yield for Caterpillar has been higher than both the broader sector and Deere. While the broader sector offered a yield of 1.81%, Caterpillar returned 2.86%. In comparison, Deere has a dividend yield of 1.88%.
Also, Caterpillar announced that its board of directors have approved a 1.3% increase in quarterly dividend to 78 cents per share after a hiatus of two years. The move reflects the company's balance sheet strength and improved cost structure which has once again enabled it to deliver incremental returns to its shareholders. (Read more: Caterpillar Hikes Dividend After a Gap of 2 Years )
Earnings History, ESP and Estimate Revisions
Caterpillar started 2017 on a positive note. In the first quarter of 2017, Caterpillar delivered year-over-year improvement in both the top and the bottom line for the first time in 10 quarters. Adjusted earnings came in at $1.28 per share, handily beating the Zacks Consensus Estimate of 62 cents. (Read More: Caterpillar Tops Q1 Earnings & Revenues, Raises View )
Deere's second-quarter fiscal 2017 earnings surged around 59.6% year over year to $2.49 per share. Earnings also beat the Zacks Consensus Estimate of $1.70 by a wide margin. Moreover, its revenues of $7.260 billion surpassed the Zacks Consensus Estimate of $7.244 billion. (Read More: Deere Beats on Q2 Earnings & Revenues, Raises FY17 View )
Considering a more comprehensive earnings history, both Caterpillar and Deere delivered positive surprises in each of the prior four quarters. However, Deere stands out with an average positive earnings surprise of 70.4%, better than Caterpillar's average beat of 40.3%.
When considering Earnings ESP , there is little to choose since both Caterpillar and Deere have an ESP of 0. However, Caterpillar's earnings estimate for the current year has increased only by 1.4% over the last one month, significantly lower than Deere's jump of 30.4%.
Conclusion
Our comparative analysis shows that Caterpillar holds an edge over Deere when considering profitability and valuation ratios. Also, Caterpillar offers a stronger dividend yield than Deere.
However, when considering price performance, inventory turnover, average positive earnings surprise and a more comprehensive look at its previous earnings performance, Deere is clearly a better stock. Since there is little to choose between the two, both these Zacks Rank #1 stocks would make great additions to your portfolio.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
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
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
Atlas Copco AB (ATLKY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite the decline in its biggest contributor, industrial output managed to remain flat last month following an increase in mining and utilities production. Although they have a comparatively low level of net profit, an above-average ROA denotes that the company in question is generating earnings by effectively managing its assets. The move reflects the company's balance sheet strength and improved cost structure which has once again enabled it to deliver incremental returns to its shareholders.
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(Read More: Caterpillar Tops Q1 Earnings & Revenues, Raises View ) Deere's second-quarter fiscal 2017 earnings surged around 59.6% year over year to $2.49 per share. (Read More: Deere Beats on Q2 Earnings & Revenues, Raises FY17 View ) Considering a more comprehensive earnings history, both Caterpillar and Deere delivered positive surprises in each of the prior four quarters. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Atlas Copco AB (ATLKY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Other industrial stocks from the Zacks Industrial Products sector which also carry a Zacks Rank #1 include Atlas Copco AB ATLKY and Parker-Hannifin Corp. PH . (Read More: Deere Beats on Q2 Earnings & Revenues, Raises FY17 View ) Considering a more comprehensive earnings history, both Caterpillar and Deere delivered positive surprises in each of the prior four quarters. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Atlas Copco AB (ATLKY): Free Stock Analysis Report To read this article on Zacks.com click here.
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(Read More: Deere Beats on Q2 Earnings & Revenues, Raises FY17 View ) Considering a more comprehensive earnings history, both Caterpillar and Deere delivered positive surprises in each of the prior four quarters. Manufacturing output, which accounts for around 75% of total industrial production, decreased 0.4% after advancing in April. Despite the decline in its biggest contributor, industrial output managed to remain flat last month following an increase in mining and utilities production.
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2017-06-18 00:00:00 UTC
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3 Growth Stocks for Enterprising Investors
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https://www.nasdaq.com/articles/3-growth-stocks-enterprising-investors-2017-06-18
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An enterprising investor is one who will go out of his way to find a stock that others might overlook because it doesn't fit in with conventions. It just so happens that such stocks can also be some of the best companies to own.
We asked three top Motley Fool competitors to identify a stock they think would fit the bill and provide investors with good long-term returns. Read on to find out why EPAM Systems (NYSE: EPAM) , Ulta Beauty (NASDAQ: ULTA) , and Terex (NYSE: TEX) might be the growth stocks you never realized they were.
A fast-growing IT services provider
Brian Feroldi (EPAM Systems): While it may not be a household name, EPAM Systems is a company that IT professionals from around the world are undoubtedly familiar with. EPAM is a leading provider of customized software solutions for businesses of all shapes and sizes. EPAM employs more than 22,400 designers, engineers, and consultants worldwide that can be quickly dispatched to create a unique software solution for a customer. Since many companies are in need of specialty software but lack the technological expertise to create it on their own, they can simply place a call to EPAM and quickly get their hands on the solution they need.
What's wonderful about being an IT outsourcing provider is that most software needs to be constantly updated and maintained. This means EPAM isn't shown the door once it creates a working solution. Instead, the company's relationship with its customers tends to grow over time, which provides EPAM with a recurring book of business. In fact, EPAM's management team claims that nearly 90% of its revenue for the year is fully booked before the year even starts.
With a strong base of recurring revenue in place, EPAM's management team gets to remain laser-focused on talent acquisition , winning new business and expanding profitability. A quick glance at the company's financial history shows that this business model is working out wonderfully for investors.
EPAM Revenue (TTM) data by YCharts .
Looking ahead, Wall Street believes EPAM will continue to grow profits in excess of 17% annually over the next five years. With shares trading for less than 20 times next year's earnings, I think EPAM is a growth stock that even value investors can learn to love.
Beautiful profits
Demitri Kalogeropoulos(Ulta Beauty): Ulta Beauty's business has shown no real impact from the industry slowdown that's pinching most retailers these days. Instead, the beauty and salon services specialist's latest earnings results describe a business that's in full-on growth mode.
A healthy spike in customer traffic, along with higher average spending and soaring e-commerce revenue, sent comparable-store sales higher by 14% in the fiscal first quarter. The company outperformed on each of those targets, which led management to raise its full-year comps outlook to double-digit growth. The digital channel played the biggest role in that upgrade, as CEO Mary Dillon and her team now believe they'll post 50% higher e-commerce sales to mark just a tiny deceleration from last year's 56% spike. However, unlike many peers who have sacrificed profitability to capture market share online, Ulta Beauty's margins are improving: Net profit rose to 10% of sales last quarter from 9% a year ago.
Ulta Beauty plans to add 100 new spa locations to its store footprint this year -- units that could come along at attractive terms given that many other retailers are closing shops in response to falling customer traffic. With 9% higher visits last quarter, and an 11% traffic increase in each of the prior two periods, Ulta shareholders can feel confident that the company isn't suffering from the same problem. These operating trends suggest the retailer could grow sales at close to 2016's 24% pace even as profitability improves toward management's long-term goal of hitting 15% operating margin by 2019.
Constructing a stronger future
Rich Duprey(Terex): Mid-size construction equipment specialist Terex is mounting a comeback, focusing all of its efforts on a more focused, simplified structure centered around three segments: aerial work platforms, cranes, and materials processing. It has sold off virtually everything else that doesn't fit into these divisions, and though it is still posting losses on a GAAP basis, after adjusting for one-time restructuring-related charges, income from continuing operations was $5.5 million in the first quarter, or $0.05 per share, about even with last year's $5 million $0.05 per share performance.
Terex is finding its footing just at the right time as it seems the industry is beginning to turn after a prolonged downturn. Caterpillar (NYSE: CAT) posted higher revenues and profits for the period that were ahead of analyst expectations. Deere (NYSE: DE) also beat on revenues and earnings.
There are a number of risks that still face Terex, yet despite first-quarter business being slow in aerial work platforms and cranes, it was actually stronger than management had anticipated. Still, the important thing is that Terex has improved its financial position in such a way that will allow it to better deal with the vagaries of the business such as the replacement cycle that currently has hurt operations.
Terex improved its capital structure by reducing its debt some $600 million while at the same time improving interest rates it paid while extending the maturities on the loans. When the market really does gain traction again, Terex will be well positioned to capitalize on it.
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The author(s) may have a position in any stocks mentioned.
Brian Feroldi has no position in any stocks mentioned. Demitrios Kalogeropoulos has no position in any stocks mentioned. Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Ulta Beauty, Inc.. The Motley Fool recommends EPAM Systems. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The digital channel played the biggest role in that upgrade, as CEO Mary Dillon and her team now believe they'll post 50% higher e-commerce sales to mark just a tiny deceleration from last year's 56% spike. We asked three top Motley Fool competitors to identify a stock they think would fit the bill and provide investors with good long-term returns. A fast-growing IT services provider Brian Feroldi (EPAM Systems): While it may not be a household name, EPAM Systems is a company that IT professionals from around the world are undoubtedly familiar with.
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A fast-growing IT services provider Brian Feroldi (EPAM Systems): While it may not be a household name, EPAM Systems is a company that IT professionals from around the world are undoubtedly familiar with. Beautiful profits Demitri Kalogeropoulos(Ulta Beauty): Ulta Beauty's business has shown no real impact from the industry slowdown that's pinching most retailers these days. We asked three top Motley Fool competitors to identify a stock they think would fit the bill and provide investors with good long-term returns.
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Beautiful profits Demitri Kalogeropoulos(Ulta Beauty): Ulta Beauty's business has shown no real impact from the industry slowdown that's pinching most retailers these days. We asked three top Motley Fool competitors to identify a stock they think would fit the bill and provide investors with good long-term returns. A fast-growing IT services provider Brian Feroldi (EPAM Systems): While it may not be a household name, EPAM Systems is a company that IT professionals from around the world are undoubtedly familiar with.
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We asked three top Motley Fool competitors to identify a stock they think would fit the bill and provide investors with good long-term returns. A fast-growing IT services provider Brian Feroldi (EPAM Systems): While it may not be a household name, EPAM Systems is a company that IT professionals from around the world are undoubtedly familiar with. EPAM is a leading provider of customized software solutions for businesses of all shapes and sizes.
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722370.0
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2017-06-15 00:00:00 UTC
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Caterpillar (CAT) Hikes Dividend After a Gap of 2 Years
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https://www.nasdaq.com/articles/caterpillar-cat-hikes-dividend-after-a-gap-of-2-years-2017-06-15
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Caterpillar Inc.CAT announced that its board of directors have approved a 1.3% increase in quarterly dividend to 78 cents per share after a hiatus of two years. The move reflects the company's balance sheet strength and improved cost structure which has once again enabled it to deliver incremental returns to shareholders.
The increased dividend will be paid on Aug 19, 2017, to shareholders of record as of Jul 20, 2017. The last dividend hike had come in Jun 2015, when it was hiked by 10% from 70 cents to 77 cents. Starting from 1990, Caterpillar had been hiking its dividend every summer, starting with quarterly payout due in July. During the recession Caterpillar had refrained from hiking dividends and resumed its trend of increasing dividend in Jun 2010. Caterpillar once again was forced to maintain its dividend in the last two years as it bore the brunt of a weak mining sector.
Nevertheless, the company has consistently paid a cash dividend every year since it was formed and paid a quarterly dividend since 1933. Over the span of 10 years, its cash dividend has grown from the payout of 30 cents per share to the current payout of 78 cents.
Caterpillar, Inc. Price
Caterpillar, Inc. Price | Caterpillar, Inc. Quote
Caterpillar's has a five year average dividend yield of 3.09%, five year dividend growth rate of 11.8% and payout ratio of 76%. With the increased dividend, Caterpillar's dividend yield will go up from the current 2.90% to 2.98%, higher than Deere & Company's DE 1.90%. Caterpillar's current dividend yield of 2.94% is also higher than the Zacks categorized Machinery - Construction/ Mining sub industry's dividend yield of 2.74%.
Caterpillar which has so far been grappling with the commodities rout triggered by a slowdown in China and excess supplies of most metals and energy products, is showing signs of a turnaround this year. This was made possible by its relentless cost saving actions along with improvement in construction and Asia Pacific. In the first quarter of 2017, the company delivered year-over-year improvement in both the top line and bottom line for the first time in 10 quarters. Backlog improved on a year-over-year basis for the first time since the third quarter of 2014. Further, Caterpillar's March sales growth of 1% put an end to its unprecedented 51-month long stretch of declining sales.
Caterpillar's cash and liquidity position also remains strong with the company ending the first quarter with cash and short-term investments of $9.47 billion. Debt-to-capital ratio at ME&T was 41.7%, within its targeted range of 30-45%. ME&T operating cash flow for the first quarter was $1.5 billion, compared with $0.2 billion in the prior-year quarter. The company has about $3.7 billion remaining of the $10 billion share-repurchase program that the board approved in the first quarter of 2014, which expires in 2018. Resumption of share repurchases will be accretive to earnings.
Quoting activity remains promising in many of Caterpillar's markets and retail sales are turning positive for both machines and Energy & Transportation for the first time in several years. The company estimates revenues around $38 to $41 billion for 2017 that depicts a 2% rise from the revenues reported in fiscal 2016. The company now anticipates earnings per share (excluding restructuring costs) of $3.75, reflecting a 10% improvement over 2016 earnings.
The company has performed close to the Zacks categorized Machinery-Construction/Mining subindustry on a year-to-date basis. Shares have gained 14.7% while the industry registered an increase of 15%.
Caterpillar's sales in Construction Industries have shown signs of improvement lately. The construction industry has now entered a more mature phase of expansion, and construction spending can be anticipated to see moderate gains through 2017 and beyond. The company is also witnessing growth in Asia Pacific which will likely be a growth driver.
Another factor working in favor of Caterpillar is its endeavours to reduce costs in the wake of weak demand. In Sep 2015, Caterpillar set upon significant restructuring and cost reduction initiative, with actions expected through 2018. Once fully implemented, the plan would aid lower its annual operating costs by about $1.5 billion. Going forward, Caterpillar is expected to benefit from President Trump's plans of big spending in infrastructure as it is anticipated to play a major role in the national infrastructure plan.
Caterpillar currently sports a Zacks Rank #1 (Strong Buy).
Other top-ranked companies in the industrial product space include AGCO Corporation AGCO and Rockwell Automation Inc. ROK . AGCO flaunts the same rank as Caterpillar while Rockwell Automation carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
AGCO has expected long-term growth of 12.11%.
Rockwell Automation has an expected long-term growth of 10.63%.
3 Stocks to Ride a 588% Revenue Explosion
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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
Rockwell Automation, Inc. (ROK): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The move reflects the company's balance sheet strength and improved cost structure which has once again enabled it to deliver incremental returns to shareholders. Caterpillar Inc.CAT announced that its board of directors have approved a 1.3% increase in quarterly dividend to 78 cents per share after a hiatus of two years. The increased dividend will be paid on Aug 19, 2017, to shareholders of record as of Jul 20, 2017.
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Caterpillar, Inc. Price Caterpillar, Inc. Price | Caterpillar, Inc. Quote Caterpillar's has a five year average dividend yield of 3.09%, five year dividend growth rate of 11.8% and payout ratio of 76%. Other top-ranked companies in the industrial product space include AGCO Corporation AGCO and Rockwell Automation Inc. ROK . Click to get this free report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Caterpillar, Inc. Price Caterpillar, Inc. Price | Caterpillar, Inc. Quote Caterpillar's has a five year average dividend yield of 3.09%, five year dividend growth rate of 11.8% and payout ratio of 76%. Caterpillar's current dividend yield of 2.94% is also higher than the Zacks categorized Machinery - Construction/ Mining sub industry's dividend yield of 2.74%. Click to get this free report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Caterpillar, Inc. Price Caterpillar, Inc. Price | Caterpillar, Inc. Quote Caterpillar's has a five year average dividend yield of 3.09%, five year dividend growth rate of 11.8% and payout ratio of 76%. Caterpillar Inc.CAT announced that its board of directors have approved a 1.3% increase in quarterly dividend to 78 cents per share after a hiatus of two years. The move reflects the company's balance sheet strength and improved cost structure which has once again enabled it to deliver incremental returns to shareholders.
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8de51ee8-573e-4192-8b4e-b10f7b5ea93e
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722371.0
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2017-06-15 00:00:00 UTC
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After Hours Most Active for Jun 15, 2017 : ON, YHOO, FOXA, V, ETE, INTC, QQQ, MU, T, HTZ, NEE, DE
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https://www.nasdaq.com/articles/after-hours-most-active-jun-15-2017-yhoo-foxa-v-ete-intc-qqq-mu-t-htz-nee-de-2017-06-15
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The NASDAQ 100 After Hours Indicator is down -.17 to 5,700.72. The total After hours volume is currently 39,183,924 shares traded.
The following are the most active stocks for the after hours session :
ON Semiconductor Corporation ( ON ) is -0.005 at $15.43, with 2,516,863 shares traded. As reported by Zacks, the current mean recommendation for ON is in the "buy range".
Yahoo! Inc. ( YHOO ) is unchanged at $52.58, with 2,504,808 shares traded. YHOO's current last sale is 115.56% of the target price of $45.5.
Twenty-First Century Fox, Inc. ( FOXA ) is unchanged at $27.74, with 2,286,525 shares traded. As reported by Zacks, the current mean recommendation for FOXA is in the "buy range".
Visa Inc. ( V ) is unchanged at $94.17, with 2,105,798 shares traded. As reported by Zacks, the current mean recommendation for V is in the "buy range".
Energy Transfer Equity, L.P. ( ETE ) is +0.03 at $15.98, with 1,937,675 shares traded. As reported by Zacks, the current mean recommendation for ETE is in the "buy range".
Intel Corporation ( INTC ) is +0.03 at $35.34, with 1,842,111 shares traded. As reported by Zacks, the current mean recommendation for INTC is in the "buy range".
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.04 at $139.17, with 1,536,964 shares traded. This represents a 36.78% increase from its 52 Week Low.
Micron Technology, Inc. ( MU ) is unchanged at $30.56, with 1,392,341 shares traded. As reported by Zacks, the current mean recommendation for MU is in the "buy range".
AT&T Inc. ( T ) is unchanged at $38.84, with 1,239,748 shares traded. T's current last sale is 90.33% of the target price of $43.
Hertz Global Holdings, Inc ( HTZ ) is unchanged at $9.55, with 1,052,661 shares traded. HTZ's current last sale is 73.46% of the target price of $13.
NextEra Energy, Inc. ( NEE ) is unchanged at $141.87, with 1,040,781 shares traded. As reported by Zacks, the current mean recommendation for NEE is in the "buy range".
Deere & Company ( DE ) is unchanged at $126.37, with 1,040,234 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Jul 2017. The consensus EPS forecast is $1.85. DE's current last sale is 108.47% of the target price of $116.5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the after hours session : ON Semiconductor Corporation ( ON ) is -0.005 at $15.43, with 2,516,863 shares traded. Hertz Global Holdings, Inc ( HTZ ) is unchanged at $9.55, with 1,052,661 shares traded. The total After hours volume is currently 39,183,924 shares traded.
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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 total After hours volume is currently 39,183,924 shares traded. The following are the most active stocks for the after hours session : ON Semiconductor Corporation ( ON ) is -0.005 at $15.43, with 2,516,863 shares traded.
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Inc. ( YHOO ) is unchanged at $52.58, with 2,504,808 shares traded. AT&T Inc. ( T ) is unchanged at $38.84, with 1,239,748 shares traded. The total After hours volume is currently 39,183,924 shares traded.
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AT&T Inc. ( T ) is unchanged at $38.84, with 1,239,748 shares traded. The total After hours volume is currently 39,183,924 shares traded. The following are the most active stocks for the after hours session : ON Semiconductor Corporation ( ON ) is -0.005 at $15.43, with 2,516,863 shares traded.
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b15d7a5a-9eae-4911-8734-0ad1124907d0
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722372.0
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2017-06-14 00:00:00 UTC
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5 Large Cap Stocks to Buy Now
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https://www.nasdaq.com/articles/5-large-cap-stocks-buy-now-2017-06-14
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At Zacks, we evaluate and provide information on numerous types of stocks throughout the market in order to present variety to investors. Some investors prefer to maximize value by investing in smaller companies due to potential growth opportunities, while others prefer companies that possess a greater market cap and can provide a safer, more consistent investment.
Large market cap stocks usually classify as a much more reliable investment because of the fact that they control a large portion of their given industry, and fortunately, companies with a larger market cap have performed well throughout 2017.
Investors can utilize the Zacks Rank, as well as our Style Scores system, to explore many solid large market cap stocks trading on the market today. Check out these five to consider right now:
1. Caterpillar Inc. (CAT)
Caterpillar Inc. is an American corporation which focuses on designing, manufacturing, and selling machinery, engines and various financial products to customers around the world. Caterpillar possesses a large market cap of around $62 billion and falls into an industry that ranks in the top 36% of the Zacks Industry Rank.
Additionally, Caterpillar pays a respectable dividend of 2.91%, which compares favorably to industry average of 0.75%. This year, Caterpillar is expecting a 2% rise in revenues, and EPS are projected to increase by 10%. Also, Caterpillar currently stands at a Zacks Rank #1 (Strong Buy) due to the strong earnings estimate revision activity we have seen.
2. Intel Corporation (INTC)
Intel Corporation is an American technology company that supplies computer chip processors to computer manufacturers such as HP, Dell, and Apple. Intel possesses a market cap of close to $170 billion, and its industry ranks in the top 23% of the Zacks Industry Rank.
Intel ranks highly within its sector since it produces a 21.48% return on equity compared to the industry average of 7.39%. Zacks has given INTC an "A" for Value and Growth in our Style Scores system, which means that Intel holds a strong value for its current price-as well as potential growth prospects. Furthermore, Intel pays a strong 3.04% dividend to stockholders. INTC currently sports a Zacks Rank #2 (Buy).
3. Marriott International (MAR)
Marriott International is a company that operates numerous hotels including Marriott, The Ritz-Carlton, Renaissance, and Courtyard. Marriott International owns over 6,000 properties which allow it to offer premium rates to customers in an extremely competitive industry.
Thus, Marriott's large market share of close to $40 billion allows it to hold a competitive advantage against its competitors. Marriott stock is a dependable purchase with growth prospects, as the company projects room additions of up to 6% in 2017. MAR is currently a Zacks Rank #1 (Strong Buy).
4. Best Buy Co. Inc. (BBY)
Best Buy Company is a business that focuses on selling computers, electronics, appliances and various home office products. Best Buy's industry falls into the top 1% of the Zacks Industry Rank, and the company bests its industry peers in key categories like return on equity; the company has posted a 26.81% RoE compared to an industry average of 6.76%.
BBY has also outperformed other stocks in the industry, gaining more than 98% compared to the average of 62% over the past year. Best Buy scored an "A" for Value and Momentum in our Style Scores system, which means this stock has the potential to continue its surge. Best Buy is also a Zacks Rank #1 (Strong Buy).
5. Deere & Company (DE)
Deere & Company is one of the world's leading producers in agricultural, construction, and commercial equipment. Deere & Company's large market share of around $40 billion has placed the company in a strong position in its industry, which currently sits in the top 5% of the Zacks Industry Rank.
Deere & Company's projected sale growths of 8.85% is well above the industry average of 0.88%, and the company projects equipment sales to rise in the third-quarter of 2017 by 18%. Deere & Company received a Zacks Rank #1 (Strong Buy) due to its control of the industry and projected increase in sales, which have caused analysts to revise their earnings estimates upward.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for 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
Marriott International (MAR): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Intel Corporation (INTC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At Zacks, we evaluate and provide information on numerous types of stocks throughout the market in order to present variety to investors. Deere & Company received a Zacks Rank #1 (Strong Buy) due to its control of the industry and projected increase in sales, which have caused analysts to revise their earnings estimates upward. Some investors prefer to maximize value by investing in smaller companies due to potential growth opportunities, while others prefer companies that possess a greater market cap and can provide a safer, more consistent investment.
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Deere & Company received a Zacks Rank #1 (Strong Buy) due to its control of the industry and projected increase in sales, which have caused analysts to revise their earnings estimates upward. Click to get this free report Marriott International (MAR): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. At Zacks, we evaluate and provide information on numerous types of stocks throughout the market in order to present variety to investors.
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Deere & Company's large market share of around $40 billion has placed the company in a strong position in its industry, which currently sits in the top 5% of the Zacks Industry Rank. Click to get this free report Marriott International (MAR): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. At Zacks, we evaluate and provide information on numerous types of stocks throughout the market in order to present variety to investors.
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At Zacks, we evaluate and provide information on numerous types of stocks throughout the market in order to present variety to investors. Some investors prefer to maximize value by investing in smaller companies due to potential growth opportunities, while others prefer companies that possess a greater market cap and can provide a safer, more consistent investment. Check out these five to consider right now: 1.
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683393ce-c55d-4129-9261-43ec690a9257
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722373.0
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2017-06-13 00:00:00 UTC
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Apogee (APOG) Closes EFCO Acquisition, Expands Portfolio
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https://www.nasdaq.com/articles/apogee-apog-closes-efco-acquisition-expands-portfolio-2017-06-13
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Apogee Enterprises, Inc.APOG has closed the previously announced acquisition of 100% of the stock of privately held EFCO Corporation. The buyout will fortify the company's presence in mid-size commercial buildings, broaden product offerings, as well as expand geographic presence across the U.S.
Why EFCO?
Headquartered in Monett, MO, EFCO structurally has similar operations to those across the Apogee businesses, including productivity and supply chain. The company boasts a diversified product offering, such as architectural aluminum window, curtainwall, storefront and entrance systems for commercial construction projects. EFCO generated revenues of more than $250 million in 2016.
Apogee Enterprises, Inc. Price
Apogee Enterprises, Inc. Price | Apogee Enterprises, Inc. Quote
Financial Terms of the Deal
Apogee acquired EFCO from Pella Corporation, for roughly $195 million. Apogee funded the buyout through the expansion of its existing credit facility. EFCO is the ninth independent operating unit in the Apogee portfolio and will be reported as part of the architectural framing systems segment.
Benefits for Apogee
Apogee anticipates that the EFCO acquisition will add $200-$220 million to its revenues and be accretive to EBITDA and earnings per share, excluding transaction-related costs, in fiscal 2018. The acquisition will also help to capture $10-$15 million in annual synergies, by fiscal 2020. Further, Apogee expects significant margin enhancement opportunities, post the buyout.
Acquisitions Drive Growth
Apogee continues to benefit from its diligent acquisition strategy. In Dec 2016, the company acquired Sotawall Limited, a leading designer and fabricator of high-performance, unitized curtainwall systems for commercial construction projects in North America. The Sotawall buyout added $69 million to Apogee's framing systems backlog in fourth-quarter fiscal 2017. The acquisition is also anticipated to bolster revenues for the architectural framing systems segment and be accretive to the company's earnings in fiscal 2018 and 2019.
Outlook
For first-quarter fiscal 2018, excluding any revenues or earnings from EFCO, Apogee estimates revenues to be up around 10% and earnings per share to be down roughly 10%, compared to the prior-year period. The company's fiscal first-quarter results will be affected by the projected revenue decline for the architectural services segment in the first half of fiscal 2018, as well as transaction-related costs from the Sotawall and EFCO acquisitions.
The long-term outlook for Apogee's architectural services segment remains positive, following a considerable increase in segment backlog in fourth-quarter fiscal 2017, alongwith significant backlog growth expected in the fiscal first quarter. This backlog growth will likely support architectural services segment revenue growth in fiscal 2019 and beyond.
Excluding the impact of the EFCO acquisition, Apogee reaffirmed its fiscal 2018 outlook, projecting revenues to be up around 10%. It envisions earnings of $3.35-$3.55 per share in fiscal 2018.
Share Price Performance
In the last one year, Apogee has outperformed the Zacks classified Glass Products sub-industry with respect to price performance. While the stock rallied 31%, the industry recorded a gain of 23.8% over the same time frame.
Zacks Rank
Apogee currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the broader sector include AGCO Corporation AGCO , Applied Industrial Technologies, Inc. AIT and Deere & Company DE . All three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has an estimated long-term earnings growth rate of 12.11%. Applied Industrial Technologies has an estimated long-term earnings growth of 12%, while Deere has an estimated long-term earnings growth of 9.17%.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for 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
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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EFCO is the ninth independent operating unit in the Apogee portfolio and will be reported as part of the architectural framing systems segment. In Dec 2016, the company acquired Sotawall Limited, a leading designer and fabricator of high-performance, unitized curtainwall systems for commercial construction projects in North America. The buyout will fortify the company's presence in mid-size commercial buildings, broaden product offerings, as well as expand geographic presence across the U.S. Why EFCO?
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Apogee Enterprises, Inc. Price Apogee Enterprises, Inc. Price | Apogee Enterprises, Inc. Quote Financial Terms of the Deal Apogee acquired EFCO from Pella Corporation, for roughly $195 million. Better-ranked stocks in the broader sector include AGCO Corporation AGCO , Applied Industrial Technologies, Inc. AIT and Deere & Company DE . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Apogee Enterprises, Inc. Price Apogee Enterprises, Inc. Price | Apogee Enterprises, Inc. Quote Financial Terms of the Deal Apogee acquired EFCO from Pella Corporation, for roughly $195 million. Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report To read this article on Zacks.com click here. The buyout will fortify the company's presence in mid-size commercial buildings, broaden product offerings, as well as expand geographic presence across the U.S. Why EFCO?
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The Sotawall buyout added $69 million to Apogee's framing systems backlog in fourth-quarter fiscal 2017. The company's fiscal first-quarter results will be affected by the projected revenue decline for the architectural services segment in the first half of fiscal 2018, as well as transaction-related costs from the Sotawall and EFCO acquisitions. The buyout will fortify the company's presence in mid-size commercial buildings, broaden product offerings, as well as expand geographic presence across the U.S. Why EFCO?
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2017-06-09 00:00:00 UTC
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Notable Friday Option Activity: IBM, CXW, DE
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https://www.nasdaq.com/articles/notable-friday-option-activity-ibm-cxw-de-2017-06-09
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in International Business Machines Corp (Symbol: IBM), where a total of 19,414 contracts have traded so far, representing approximately 1.9 million underlying shares. That amounts to about 49.8% of IBM's average daily trading volume over the past month of 3.9 million shares. Particularly high volume was seen for the $152.50 strike call option expiring June 09, 2017 , with 2,273 contracts trading so far today, representing approximately 227,300 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $152.50 strike highlighted in orange:
CoreCivic Inc (Symbol: CXW) saw options trading volume of 6,135 contracts, representing approximately 613,500 underlying shares or approximately 49.8% of CXW's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $32 strike call option expiring June 16, 2017 , with 5,060 contracts trading so far today, representing approximately 506,000 underlying shares of CXW. Below is a chart showing CXW's trailing twelve month trading history, with the $32 strike highlighted in orange:
And Deere & Co. (Symbol: DE) options are showing a volume of 14,732 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 47.7% of DE's average daily trading volume over the past month, of 3.1 million shares. Especially high volume was seen for the $130 strike call option expiring December 15, 2017 , with 4,083 contracts trading so far today, representing approximately 408,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $130 strike highlighted in orange:
For the various different available expirations for IBM options , CXW options , or DE options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $152.50 strike call option expiring June 09, 2017 , with 2,273 contracts trading so far today, representing approximately 227,300 underlying shares of IBM. Especially high volume was seen for the $32 strike call option expiring June 16, 2017 , with 5,060 contracts trading so far today, representing approximately 506,000 underlying shares of CXW. Especially high volume was seen for the $130 strike call option expiring December 15, 2017 , with 4,083 contracts trading so far today, representing approximately 408,300 underlying shares of DE.
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Particularly high volume was seen for the $152.50 strike call option expiring June 09, 2017 , with 2,273 contracts trading so far today, representing approximately 227,300 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $152.50 strike highlighted in orange: CoreCivic Inc (Symbol: CXW) saw options trading volume of 6,135 contracts, representing approximately 613,500 underlying shares or approximately 49.8% of CXW's average daily trading volume over the past month, of 1.2 million shares. Below is a chart showing CXW's trailing twelve month trading history, with the $32 strike highlighted in orange: And Deere & Co. (Symbol: DE) options are showing a volume of 14,732 contracts thus far today.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in International Business Machines Corp (Symbol: IBM), where a total of 19,414 contracts have traded so far, representing approximately 1.9 million underlying shares. Particularly high volume was seen for the $152.50 strike call option expiring June 09, 2017 , with 2,273 contracts trading so far today, representing approximately 227,300 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $152.50 strike highlighted in orange: CoreCivic Inc (Symbol: CXW) saw options trading volume of 6,135 contracts, representing approximately 613,500 underlying shares or approximately 49.8% of CXW's average daily trading volume over the past month, of 1.2 million shares.
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Particularly high volume was seen for the $152.50 strike call option expiring June 09, 2017 , with 2,273 contracts trading so far today, representing approximately 227,300 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $152.50 strike highlighted in orange: CoreCivic Inc (Symbol: CXW) saw options trading volume of 6,135 contracts, representing approximately 613,500 underlying shares or approximately 49.8% of CXW's average daily trading volume over the past month, of 1.2 million shares. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 47.7% of DE's average daily trading volume over the past month, of 3.1 million shares.
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2017-06-08 00:00:00 UTC
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What's Behind Deere's $5.2 Billion Acquisition of Wirtgen Group?
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https://www.nasdaq.com/articles/whats-behind-deeres-52-billion-acquisition-wirtgen-group-2017-06-08
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For its latest big-ticket acquisition, Deere & Co. (NYSE: DE) has elected to go international. The company announced last week that it had struck a deal to buy German road construction equipment maker Wirtgen Group.
The acquisition won't come cheap. Deere agreed to pay a cool 4.36 billion euros ($5.2 billion) in cash for the company. That's a lot of scratch. Here's why Deere is willing to pony up so much for a new asset.
Paying a Deere price
In a stroke, the acquisition adds serious bulk to Deere's construction equipment sales business. According to the company, Wirtgen Group is "the leading manufacturer worldwide of road construction equipment."
Although Deere doesn't break out numbers specifically for its road construction activities -- or the broader construction segment -- it's a crucial area for the company. After all, the wider category it's part of -- construction and forestry -- was responsible for nearly one-fifth of the nearly $8.3 billion in revenue it booked in its recently reported Q2.
The company touts the synergistic effects of the Wirtgen Group buy. In the press release heralding the deal, Max Guinn, Deere's president of construction and forestry said that it "enhances our global distribution options in construction equipment and enhances our capabilities in emerging markets."
Guinn also pointed out that global spending on infrastructure projects has outpaced that of the general construction sector and isn't as cyclical.
What helps greatly is that Wirtgen Group's products effectively fill out the road construction offerings of its American parent-to-be. Deere illustrated this point in the following graphic, showing its current product categories in the segment (in yellow numbers) matched with those of Wirtgen Group.
Owning its German peer will also add some meat to the top line. Deere said that Wirtgen Group's 2016 sales totaled 2.6 billion euros ($2.9 billion). Although Deere runs a massive operation that brought in $27 billion in trailing-12-month revenue, its new asset's take will represent more than a bump in that number.
This Fool's take
Deere's been doing well lately , with revenue advancing by 5% on a year-over-year basis, and per-share net profit ballooning by 60% in Q2. Although the construction and forestry segment's sales rose by 7%, it's a thin-margin business at the moment: Its operating profit margin was 7%, notably under the 11% in Deere's core agriculture and turf segment.
So in addition to the revenue bump it'll provide, Wirtgen Group should also help Deere improve that margin figure. As the two companies' road construction product lines are very complementary, there is obvious scope to eliminate redundancies to cut costs.
Meanwhile, Wirtgen Group has a much better geographical range than the still very U.S.-focused Deere. That should nicely pad and broaden the new owner's client list, even if the American dollar is a bit strong at the moment. It should also fuel the segment's growth, in spite of growing doubts that the current presidential administration's plans to spend $1 trillion on infrastructure will be realized.
In short, I believe this is an opportunistic buy, made at the right time by a company on the upswing. In spite of the expense -- the purchase price well exceeds the company's cash position -- Deere shareholders should very much consider it a positive development, and another reason for holding on to the company's stock.
Deere believes Wirtgen Group will be accretive to per-share earnings, although it didn't provide a specific number. The deal will be financed by a combination of cash on hand and (necessarily) debt. It's been approved by Deere's board and is expected to close in the first quarter of the company's fiscal 2018.
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Eric Volkman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company announced last week that it had struck a deal to buy German road construction equipment maker Wirtgen Group. Deere illustrated this point in the following graphic, showing its current product categories in the segment (in yellow numbers) matched with those of Wirtgen Group. It should also fuel the segment's growth, in spite of growing doubts that the current presidential administration's plans to spend $1 trillion on infrastructure will be realized.
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The company announced last week that it had struck a deal to buy German road construction equipment maker Wirtgen Group. Paying a Deere price In a stroke, the acquisition adds serious bulk to Deere's construction equipment sales business. For its latest big-ticket acquisition, Deere & Co. (NYSE: DE) has elected to go international.
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Paying a Deere price In a stroke, the acquisition adds serious bulk to Deere's construction equipment sales business. Although Deere doesn't break out numbers specifically for its road construction activities -- or the broader construction segment -- it's a crucial area for the company. In spite of the expense -- the purchase price well exceeds the company's cash position -- Deere shareholders should very much consider it a positive development, and another reason for holding on to the company's stock.
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Paying a Deere price In a stroke, the acquisition adds serious bulk to Deere's construction equipment sales business. Although Deere runs a massive operation that brought in $27 billion in trailing-12-month revenue, its new asset's take will represent more than a bump in that number. For its latest big-ticket acquisition, Deere & Co. (NYSE: DE) has elected to go international.
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3b024827-98de-497d-ab3b-aefcd7559346
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722376.0
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2017-06-07 00:00:00 UTC
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Calgon Carbon Signs Water Treatment Contract in Singapore
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DE
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https://www.nasdaq.com/articles/calgon-carbon-signs-water-treatment-contract-in-singapore-2017-06-07
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nan
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nan
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Calgon Carbon CorporationCCC has signed a supply contract with Sanli M&E Engineering Pte Ltd (Chye Joo-Sanli Joint Venture). Per the terms of the contract, Calgon Carbon will supply 2.9 million pounds of granular activated carbon ("GAC") for process upgrading at Choa Chu Kang Waterworks in Singapore. GAC, known for its high quality and outstanding performance, is a proven technology in treating drinking water for the removal of organic matter, taste, and odor.
Financial terms of the deal however, remain undisclosed. The deliveries under the contract are expected to start in late 2017.
The selection was made by taking into account Calgon Carbon's advanced manufacturing process which makes GAC and the performance of its products that have been installed in several drinking water treatment plants across Asia.
Calgon Carbon has underperformed the Zacks categorized Pollution Control industry in the past one year. The company's shares have declined around 8.7%, compared with roughly 21.8% gain recorded by the industry.
Despite some recovery of late, Calgon Carbon's industrial end-markets are expected to remain somewhat sluggish in the near term. The company is also seeing weak demand for activated carbon in specific markets. Demand in Europe, especially in the UK portable water market, is expected to remain sluggish in the near term. Market uncertainties are expected to sustain moving ahead.
Also, currency remains a headwind for the company. Unfavorable currency translation had a $1.9 million negative impact on its top line in first-quarter 2017. The company sees an unfavorable impact of around $1.5 million for the second quarter of 2017.
Calgon Carbon Corporation Price and Consensus
Calgon Carbon Corporation Price and Consensus | Calgon Carbon Corporation Quote
Zacks Rank and Key Picks
Calgon Carbon currently carries a Zacks Rank #4 (Sell).
Some top-ranked companies in the industrial products space include Caterpillar, Inc. CAT , Deere & Company DE and AGCO Corporation AGCO . 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.
Caterpillar has expected long-term growth of 9.5%.
Deere & Company has expected long-term growth of 9.2%.
AGCO Corp has expected long-term growth of 12.1%.
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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
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Calgon Carbon Corporation (CCC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The selection was made by taking into account Calgon Carbon's advanced manufacturing process which makes GAC and the performance of its products that have been installed in several drinking water treatment plants across Asia. Financial terms of the deal however, remain undisclosed. The deliveries under the contract are expected to start in late 2017.
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Some top-ranked companies in the industrial products space include Caterpillar, Inc. CAT , Deere & Company DE and AGCO Corporation AGCO . Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Calgon Carbon Corporation (CCC): Free Stock Analysis Report To read this article on Zacks.com click here. Financial terms of the deal however, remain undisclosed.
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Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Calgon Carbon Corporation (CCC): Free Stock Analysis Report To read this article on Zacks.com click here. Financial terms of the deal however, remain undisclosed. The deliveries under the contract are expected to start in late 2017.
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Despite some recovery of late, Calgon Carbon's industrial end-markets are expected to remain somewhat sluggish in the near term. Some top-ranked companies in the industrial products space include Caterpillar, Inc. CAT , Deere & Company DE and AGCO Corporation AGCO . Financial terms of the deal however, remain undisclosed.
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179577dc-177b-4424-b60d-69b28cbf2ec7
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722377.0
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2017-06-07 00:00:00 UTC
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PNR Named Top 10 SAFE International Dividend Stock
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DE
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https://www.nasdaq.com/articles/pnr-named-top-10-safe-international-dividend-stock-2017-06-07
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nan
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nan
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Pentair PLC (Symbol: PNR) has been named to the Dividend Channel ''International S.A.F.E. 10'' list, signifying an international stock with above-average ''DividendRank'' statistics including a strong 2.1% yield, as well as a superb track record of at least five years of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel , Pentair PLC is an underlying holding representing 1.11% of the Powershares International Dividend Achievers ETF ( PID ), which holds $8,962,768 worth of PNR shares.
Pentair PLC (Symbol: PNR) made the "Dividend Channel International S.A.F.E. 10" list because of these qualities: S . Solid return - hefty yield and strong DividendRank characteristics; A. Accelerating amount - consistent dividend increases over time; F . Flawless five year history - never a missed or lowered dividend; E. Enduring - at least a half-decade of dividend payments.
Start slideshow:
Ten Top S.A.F.E. International Dividend Stocks »
The annualized dividend paid by Pentair PLC is $1.38/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 07/19/2017. Below is a long-term dividend history chart for PNR, which the report stressed as being of key importance.
PNR operates in the Industrial Machinery & Equipment sector, among companies like Illinois Tool Works, Inc. ( ITW ), and Deere & Co. ( DE ).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Pentair PLC (Symbol: PNR) made the "Dividend Channel International S.A.F.E. Below is a long-term dividend history chart for PNR, which the report stressed as being of key importance. PNR operates in the Industrial Machinery & Equipment sector, among companies like Illinois Tool Works, Inc. ( ITW ), and Deere & Co. ( DE ).
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Pentair PLC (Symbol: PNR) has been named to the Dividend Channel ''International S.A.F.E. Pentair PLC (Symbol: PNR) made the "Dividend Channel International S.A.F.E. International Dividend Stocks » The annualized dividend paid by Pentair PLC is $1.38/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 07/19/2017.
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10'' list, signifying an international stock with above-average ''DividendRank'' statistics including a strong 2.1% yield, as well as a superb track record of at least five years of dividend growth, according to the most recent ''DividendRank'' report. According to the ETF Finder at ETF Channel , Pentair PLC is an underlying holding representing 1.11% of the Powershares International Dividend Achievers ETF ( PID ), which holds $8,962,768 worth of PNR shares. International Dividend Stocks » The annualized dividend paid by Pentair PLC is $1.38/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 07/19/2017.
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Pentair PLC (Symbol: PNR) has been named to the Dividend Channel ''International S.A.F.E. 10'' list, signifying an international stock with above-average ''DividendRank'' statistics including a strong 2.1% yield, as well as a superb track record of at least five years of dividend growth, according to the most recent ''DividendRank'' report. Pentair PLC (Symbol: PNR) made the "Dividend Channel International S.A.F.E.
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0f729be9-510d-46b2-a048-9c51d8f585f6
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722378.0
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2017-06-07 00:00:00 UTC
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Favorable Revisions Trend for Q2 Earnings
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DE
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https://www.nasdaq.com/articles/favorable-revisions-trend-q2-earnings-2017-06-07
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nan
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nan
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Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Here are the key points:
• It is still a few weeks before we get into the heart of the Q2 earnings season, but early indicators are pointing to a continuation of the positive earnings trends that we saw in the last two quarterly reporting cycles.
• Q2 Estimates have come down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
• Total Q2 earnings for the S&P 500 index are expected to be up +5.7% from the same period last year on +4.8% higher revenues. The Energy, Finance, Technology, Construction and Industrial Products are expected to be big growth drivers in Q2, with the quarterly earnings growth pace dropping to +3% on an ex-Energy basis.
• The Q1 earnings season is effectively over now, with results from 496 S&P 500 members already out. Total earnings for these companies are up +13.4% from the same period last year on +7% higher revenues, with 72.6% beating EPS estimates and 65.5% beating revenue estimates.
• The picture that emerged from the Q1 earnings season was one of notable improvement over other recent periods, with growth reaching the highest level in more than 5 years and a bigger proportion of companies beating estimates, particularly revenue estimates.
• Beyond Q2, total earnings for the S&P 500 index are currently expected to grow by +6.4% on +4.9% higher revenues in the September quarter and +9.9% on +5.4% higher revenues in Q4.
• For full-year 2017, total earnings for the index are expected to be up +7.7% on +4.1% higher revenues, which would follow +1% earnings growth on +2% higher revenues in 2016. Index earnings are expected to be up +11.5% in 2018 and +9.3% in 2019.
The chart below shows how estimates for Q2 have evolved since the start of the period.
This trend of negative revisions ahead of the start of each reporting cycles is not new; we have been seeing this play out quarter after quarter for more than 3 years. The revisions trend has been moving in a favorable direction over the last two quarters and that same trend is even more at play in the Q2 estimates. What this means is that while estimates for Q2 have come down, they haven't come down as much as would typically be the case by this time in other recent periods.
Estimates for 11 of the 16 Zacks sectors have come down since the start of Q2, with Consumer Discretionary and Utilities suffering the most revisions. Estimates for the Tech sector remain effectively unchanged, while the Transportation, Aerospace, Business Services, and Industrial Products sectors have gone up. The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture.
The actual Q1 earnings growth (+13.3%) turned out to be double the growth pace that was expected at the start of the reporting cycle (+6.6%). This magnitude of outperformance was unusual and above the quarterly trend of the last few years. But even if actual Q2 earnings growth turns out to be as high as was expected at the start of the quarter (+7.9%), it will still be below what was achieved in Q1.
In fact, we can project with a reasonable level of confidence that the Q1 earnings growth pace will be the highest for the next few quarters. We should continue to see positive earnings growth in the coming quarters, but the growth pace will likely stay below what we experienced in Q1.
The chart below shows quarterly earnings growth expectations beyond Q2.
Q1 Earnings Season Scorecard
The side-by-side charts below compare the growth rates and beat ratios for the 496 index members with what we saw from the same companies in other recent periods.
The comparison charts above show that growth as well as positive beats compared favorably with historical periods. The proportion of companies beating revenue estimates was particularly notable, as was the revenue growth pace.
Please note that the positive Q1 results were broad-based and not narrowly concentrated. Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (79%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (68.5%), and Finance (68.1%). The Consumer Staples operators appeared to be struggling, with the proportion of Consumer Staples companies beating revenue estimates the lowest of all 16 Zacks sectors.
Note: Sheraz Mian manages the Zacks equity research department. He is an acknowledged earnings expert whose commentaries and analyses appear on Zacks.com and in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview . He manages the Zacks Top 10 and Focus List portfolios and writes the Weekly Market Analysis article for Zacks Premium subscribers.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Caterpillar, Inc. (CAT): 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.
|
The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture. Q1 Earnings Season Scorecard The side-by-side charts below compare the growth rates and beat ratios for the 496 index members with what we saw from the same companies in other recent periods. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • It is still a few weeks before we get into the heart of the Q2 earnings season, but early indicators are pointing to a continuation of the positive earnings trends that we saw in the last two quarterly reporting cycles.
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The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture. Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (79%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (68.5%), and Finance (68.1%). Click to get this free report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (79%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (68.5%), and Finance (68.1%). You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • It is still a few weeks before we get into the heart of the Q2 earnings season, but early indicators are pointing to a continuation of the positive earnings trends that we saw in the last two quarterly reporting cycles. • Q2 Estimates have come down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
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Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (79%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (68.5%), and Finance (68.1%). Click to get this free report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • It is still a few weeks before we get into the heart of the Q2 earnings season, but early indicators are pointing to a continuation of the positive earnings trends that we saw in the last two quarterly reporting cycles.
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4a929ee1-4d12-4efb-8bc0-c11a229fa8f4
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722379.0
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2017-06-07 00:00:00 UTC
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Favorable Revisions Trend for Q2 Earnings
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DE
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https://www.nasdaq.com/articles/favorable-revisions-trend-q2-earnings-2017-06-07-0
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nan
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nan
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Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Here are the key points:
• It is still a few weeks before we get into the heart of the Q2 earnings season, but early indicators are pointing to a continuation of the positive earnings trends that we saw in the last two quarterly reporting cycles.
• Q2 Estimates have come down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
• Total Q2 earnings for the S&P 500 index are expected to be up +5.7% from the same period last year on +4.8% higher revenues. The Energy, Finance, Technology, Construction and Industrial Products are expected to be big growth drivers in Q2, with the quarterly earnings growth pace dropping to +3% on an ex-Energy basis.
• The Q1 earnings season is effectively over now, with results from 496 S&P 500 members already out. Total earnings for these companies are up +13.4% from the same period last year on +7% higher revenues, with 72.6% beating EPS estimates and 65.5% beating revenue estimates.
• The picture that emerged from the Q1 earnings season was one of notable improvement over other recent periods, with growth reaching the highest level in more than 5 years and a bigger proportion of companies beating estimates, particularly revenue estimates.
• Beyond Q2, total earnings for the S&P 500 index are currently expected to grow by +6.4% on +4.9% higher revenues in the September quarter and +9.9% on +5.4% higher revenues in Q4.
• For full-year 2017, total earnings for the index are expected to be up +7.7% on +4.1% higher revenues, which would follow +1% earnings growth on +2% higher revenues in 2016. Index earnings are expected to be up +11.5% in 2018 and +9.3% in 2019.
The chart below shows how estimates for Q2 have evolved since the start of the period.
This trend of negative revisions ahead of the start of each reporting cycles is not new; we have been seeing this play out quarter after quarter for more than 3 years. The revisions trend has been moving in a favorable direction over the last two quarters and that same trend is even more at play in the Q2 estimates. What this means is that while estimates for Q2 have come down, they haven't come down as much as would typically be the case by this time in other recent periods.
Estimates for 11 of the 16 Zacks sectors have come down since the start of Q2, with Consumer Discretionary and Utilities suffering the most revisions. Estimates for the Tech sector remain effectively unchanged, while the Transportation, Aerospace, Business Services, and Industrial Products sectors have gone up. The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture.
The actual Q1 earnings growth (+13.3%) turned out to be double the growth pace that was expected at the start of the reporting cycle (+6.6%). This magnitude of outperformance was unusual and above the quarterly trend of the last few years. But even if actual Q2 earnings growth turns out to be as high as was expected at the start of the quarter (+7.9%), it will still be below what was achieved in Q1.
In fact, we can project with a reasonable level of confidence that the Q1 earnings growth pace will be the highest for the next few quarters. We should continue to see positive earnings growth in the coming quarters, but the growth pace will likely stay below what we experienced in Q1.
The chart below shows quarterly earnings growth expectations beyond Q2.
Q1 Earnings Season Scorecard
The side-by-side charts below compare the growth rates and beat ratios for the 496 index members with what we saw from the same companies in other recent periods.
The comparison charts above show that growth as well as positive beats compared favorably with historical periods. The proportion of companies beating revenue estimates was particularly notable, as was the revenue growth pace.
Please note that the positive Q1 results were broad-based and not narrowly concentrated. Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (79%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (68.5%), and Finance (68.1%). The Consumer Staples operators appeared to be struggling, with the proportion of Consumer Staples companies beating revenue estimates the lowest of all 16 Zacks sectors.
Note: Sheraz Mian manages the Zacks equity research department. He is an acknowledged earnings expert whose commentaries and analyses appear on Zacks.com and in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview . He manages the Zacks Top 10 and Focus List portfolios and writes the Weekly Market Analysis article for Zacks Premium subscribers.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Caterpillar, Inc. (CAT): 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.
|
The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture. Q1 Earnings Season Scorecard The side-by-side charts below compare the growth rates and beat ratios for the 496 index members with what we saw from the same companies in other recent periods. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • It is still a few weeks before we get into the heart of the Q2 earnings season, but early indicators are pointing to a continuation of the positive earnings trends that we saw in the last two quarterly reporting cycles.
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The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture. Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (79%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (68.5%), and Finance (68.1%). Click to get this free report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (79%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (68.5%), and Finance (68.1%). You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • It is still a few weeks before we get into the heart of the Q2 earnings season, but early indicators are pointing to a continuation of the positive earnings trends that we saw in the last two quarterly reporting cycles. • Q2 Estimates have come down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
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Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (79%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (68.5%), and Finance (68.1%). Click to get this free report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: • It is still a few weeks before we get into the heart of the Q2 earnings season, but early indicators are pointing to a continuation of the positive earnings trends that we saw in the last two quarterly reporting cycles.
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7065af7d-20d2-4911-9346-8df69b716795
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722380.0
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2017-06-06 00:00:00 UTC
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Lindsay (LNN) to Gain Amid Headwinds in Road Safety Products
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DE
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https://www.nasdaq.com/articles/lindsay-lnn-to-gain-amid-headwinds-in-road-safety-products-2017-06-06
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nan
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nan
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We issued an updated research report on Lindsay CorporationLNN on Jun 5.
Lindsay is poised to gain from improved activity levels in the international irrigation and infrastructure markets, investments in product development and acquisitions. Near-term headwinds to road safety products, reduced farm income and cautious government spending are expected to hurt results.
Notably, Lindsay continues to recognize benefits from the water-related acquisitions completed over the past few years. These acquisitions aided the company boost its gross margins, provided incremental revenue and profits derived from non-agricultural markets, and delivered platforms for future growth.
Further, Lindsay's acquisition of Elecsys Corporation is a strategic addition to the company's long-term goal of leading the market in advanced technologies for managing water-usage efficiency. The acquisition will contribute to the development of Lindsay's technology platform as well as improve the cost and quality of electronic technologies. Further acquisitions will drive growth.
Lindsay's most significant opportunities for growth over the next several years remain in international markets, where irrigation use is less developed and demand is driven primarily by food security, water scarcity and population growth. Moreover, increased food production, efficient water use and infrastructure upgrades are likely to drive long-term growth.
However, net farm income in the U.S. is projected to be at the lowest level in 2017, leading to uncertainty among growers and resulting in persistent downward pressure on irrigation equipment demand and pricing. Additionally, global or economic slowdowns could hurt government spending and will have a resultant negative impact on demand for Lindsay's products.
Domestically, the Federal Highway Administration has mandated a change to certification standards for road safety products to be phased, beginning in 2018. This change requires additional research and development spending, and can have an impact on the competitive positioning of the company's highway safety products.
Lindsay has, thus, underperformed the Zacks categorized Machinery-Farm industry over the past one year. The stock gained 15.2%, falling way behind the Zacks sub-industry's gain of 38.1% over the said time frame.
Lindsay currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks in the sector include AGCO Corporation AGCO , Deere & Company DE and Altra Industrial Motion Corp. AIMC . All three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has an average positive earnings surprise of 40.39% for the trailing four quarters. Deere has an average positive earnings surprise of 70.41% for the last four quarters, while Altra Industrial Motion generated an impressive average positive earnings surprise of 15.93% over the past four quarters.
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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
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Lindsay Corporation (LNN): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These acquisitions aided the company boost its gross margins, provided incremental revenue and profits derived from non-agricultural markets, and delivered platforms for future growth. However, net farm income in the U.S. is projected to be at the lowest level in 2017, leading to uncertainty among growers and resulting in persistent downward pressure on irrigation equipment demand and pricing. Lindsay is poised to gain from improved activity levels in the international irrigation and infrastructure markets, investments in product development and acquisitions.
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Stocks to Consider Better-ranked stocks in the sector include AGCO Corporation AGCO , Deere & Company DE and Altra Industrial Motion Corp. AIMC . Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Lindsay Corporation (LNN): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. Lindsay is poised to gain from improved activity levels in the international irrigation and infrastructure markets, investments in product development and acquisitions.
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Lindsay is poised to gain from improved activity levels in the international irrigation and infrastructure markets, investments in product development and acquisitions. Stocks to Consider Better-ranked stocks in the sector include AGCO Corporation AGCO , Deere & Company DE and Altra Industrial Motion Corp. AIMC . Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Lindsay Corporation (LNN): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Lindsay is poised to gain from improved activity levels in the international irrigation and infrastructure markets, investments in product development and acquisitions. Stocks to Consider Better-ranked stocks in the sector include AGCO Corporation AGCO , Deere & Company DE and Altra Industrial Motion Corp. AIMC . These acquisitions aided the company boost its gross margins, provided incremental revenue and profits derived from non-agricultural markets, and delivered platforms for future growth.
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522764ce-31f7-495a-b44b-7ebaa5954490
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722381.0
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2017-06-06 00:00:00 UTC
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Calgon Carbon Signs Water Treatment Contract Worth $3.5M
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DE
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https://www.nasdaq.com/articles/calgon-carbon-signs-water-treatment-contract-worth-%243.5m-2017-06-06
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nan
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nan
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Calgon Carbon CorporationCCC has signed a $3.5 million supply contract. Per the terms of the contract, the company will provide granular activated carbon ("GAC") and associated equipment systems to the city of Newburgh, NY. The project, starting in Jun 2017, has been geared to treat the city's drinking water contaminated by PFOS (perfluorooctane sulfonate).
Calgon Carbon will supply nine Model 12-40 GAC adsorption systems (18 vessels) and over 700,000 pounds of Filtrasorb 400AR GAC. The GAC adsorption equipment will be installed in phases, with all equipment expected to be in service by fourth-quarter 2017. Both the GAC and vessels will be made in the U.S.
PFOA (perfluorooctanoic acid) and PFOS, both manmade compounds, are two most commonly produced types of PFAS (perfluoroalkyl substances) and are used in firefighting foams and coating additives. These harmful contaminants can affect fetuses, cause liver tissue damage, cancer, and thyroid issues. These pollutants are likely to impact municipalities as well as private well owners in the U.S.
Calgon Carbon is known for effectively treating emerging contaminants like PFOA and PFOS over the past 15 years. GAC is a cost-effective treatment and is proven to be better than other activated carbons in the market. The company's coal-based Filtrasorb is preferred by many municipalities to combat PFAS or PFCs.
Calgon Carbon has underperformed the Zacks categorized Pollution Control industry in the past three months. The company's shares have moved up around 2.9%, compared with roughly 4.4% gain recorded by the industry.
Despite some recovery of late, Calgon Carbon's industrial end-markets are expected to remain somewhat sluggish in the near term. The company is also seeing weak demand for activated carbon in specific markets. Demand in Europe, especially in the UK portable water market, is expected to remain sluggish in the near term. Market uncertainties are expected to sustain moving ahead.
Also, currency remains a headwind for the company. Unfavorable currency translation had a $1.9 million negative impact on its top line in first-quarter 2017. The company sees an unfavorable impact of around $1.5 million for second-quarter 2017.
Calgon Carbon Corporation Price and Consensus
Calgon Carbon Corporation Price and Consensus | Calgon Carbon Corporation Quote
Zacks Rank and Key Picks
Calgon Carbon currently carries a Zacks Rank #4 (Sell).
Some better-ranked companies in the industrial products space include Caterpillar, Inc. CAT , Deere & Company DE and AptarGroup, Inc. ATR . 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.
Caterpillar has expected long-term growth of 9.5%.
Deere & Company has expected long-term growth of 7.6%.
AptarGroup has expected long-term growth of 9.3%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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
AptarGroup, Inc. (ATR): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Calgon Carbon Corporation (CCC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Per the terms of the contract, the company will provide granular activated carbon ("GAC") and associated equipment systems to the city of Newburgh, NY. Both the GAC and vessels will be made in the U.S. PFOA (perfluorooctanoic acid) and PFOS, both manmade compounds, are two most commonly produced types of PFAS (perfluoroalkyl substances) and are used in firefighting foams and coating additives. Calgon Carbon will supply nine Model 12-40 GAC adsorption systems (18 vessels) and over 700,000 pounds of Filtrasorb 400AR GAC.
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Some better-ranked companies in the industrial products space include Caterpillar, Inc. CAT , Deere & Company DE and AptarGroup, Inc. ATR . Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Calgon Carbon Corporation (CCC): Free Stock Analysis Report To read this article on Zacks.com click here. Per the terms of the contract, the company will provide granular activated carbon ("GAC") and associated equipment systems to the city of Newburgh, NY.
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Despite some recovery of late, Calgon Carbon's industrial end-markets are expected to remain somewhat sluggish in the near term. Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Calgon Carbon Corporation (CCC): Free Stock Analysis Report To read this article on Zacks.com click here. Per the terms of the contract, the company will provide granular activated carbon ("GAC") and associated equipment systems to the city of Newburgh, NY.
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Per the terms of the contract, the company will provide granular activated carbon ("GAC") and associated equipment systems to the city of Newburgh, NY. Calgon Carbon will supply nine Model 12-40 GAC adsorption systems (18 vessels) and over 700,000 pounds of Filtrasorb 400AR GAC. Some better-ranked companies in the industrial products space include Caterpillar, Inc. CAT , Deere & Company DE and AptarGroup, Inc. ATR .
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e5bd8fd9-5e1e-411b-82ca-47e35a886c11
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722382.0
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2017-06-06 00:00:00 UTC
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Top Stock Picks for the Week of June 5th
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DE
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https://www.nasdaq.com/articles/top-stock-picks-week-june-5th-2017-06-06
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nan
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Ichor Holdings, Ltd.ICHR , This semiconductor equipment maker's stock has good momentum and is seeing solid activity on the earnings estimate revision front. Consensus estimates on this Zacks Rank #1, Strong Buy, have moved sharply higher recently. Current year figures are also looking quite promising. Strategists expect more good news to come.
Deere & Company DE , is the one world's foremost producers of agricultural and other equipment. Q2 2017 earnings for this Zacks #1, Strong Buy, easily beat both Zacks consensus earnings and revenue estimates, causing management to increase FY 17 guidance for several business segments. Deere is ranked in the top 5% of its industry.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
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
Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & Company DE , is the one world's foremost producers of agricultural and other equipment. Deere is ranked in the top 5% of its industry. Looking for Stocks with Skyrocketing Upside?
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Click to get this free report Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company DE , is the one world's foremost producers of agricultural and other equipment. Deere is ranked in the top 5% of its industry.
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Click to get this free report Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company DE , is the one world's foremost producers of agricultural and other equipment. Deere is ranked in the top 5% of its industry.
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Deere is ranked in the top 5% of its industry. Click to get this free report Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company DE , is the one world's foremost producers of agricultural and other equipment.
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503a3638-b51e-40d5-9035-04445988340e
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722383.0
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2017-06-05 00:00:00 UTC
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Bull of the Day: Deere & Co (DE)
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DE
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https://www.nasdaq.com/articles/bull-day-deere-co-de-2017-06-05
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nan
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nan
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A strong management team can guide a company through difficult periods and prepare the business for better times. This is what Deere & Co.'s management's team has done. The past several years have been difficult for the agricultural business, but the team made some prudent cost cutting measures and shifted their focus towards other segments within the company. These moves have begun to bear fruit and now Deere & Co ( DE ) is our Zacks Bull of the Day.
This Zacks Ranked #1 (Strong Buy) company is the one world's foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment. The company, in addition, provides credit, special technology, and managed health-care products and services.
Recent Earnings
The company recently announced Q2 17 earnings where they easily beat both the Zacks consensus earnings and revenue estimates. On a year over year basis the company saw gains in net income +62%, worldwide net sales +5%, worldwide revenues +5%, and net sales of equipment operations +2.2%.
Also, due to the strong performance and expected continuation of this trend, management increased FY 17 guidance in several segments; Equipment sales +9% (was +4%), Agricultural & Turf sales +8% (was +3%), and Construction & Forestry sales +13% (was +7%).
Management's Take
According to Samuel R. Allen, chairman and chief executive officer, " John Deere reported strong results in the second quarter as market conditions showed signs of further stabilization. We are seeing modestly higher overall demand for our products, with farm machinery sales in South America experiencing a strong recovery. Deere's performance also reflects the sound execution of our operating plans, the strength of a broad product portfolio, and the impact of our actions to develop a more agile cost structure. As a result, we have raised our forecast and are now calling for significantly higher earnings for the full year ."
Mr. Allen went on further to state, " Deere is demonstrating a continuing ability to produce impressive results through all phases of the business cycle. This resilience illustrates our success driving improved operating efficiencies and developing a wider range of revenue sources. It also shows the impact of the company's consistent investments in advanced technology, new products and additional markets. These actions are leading to strong performance in 2017, and they reinforce our conviction that Deere is well-positioned to deliver significant value to customers and investors over the long term ."
Acquisition Announcement
On June 1st Deere announced the acquisition of Wirtgen Group for $5.2 billion. This purchase is expected to strengthen Deere's construction and forestry segment and expand their international presence. Wirtgen is a German road construction company with products in the road construction and mineral technology areas. This transaction is expected to close and be accretive in Q1 18.
Price and Earnings Consensus Graph
As you can see in the table below, the stock has been performing quite well since the end of 2017, and the recent earnings beat and acquisition has analysts increasing their future earnings estimates.
Deere & Company Price and Consensus
Deere & Company Price and Consensus | Deere & Company Quote
Increasing Estimates
Due to the strong earnings report and subsequent acquisition announcement earnings estimates for Q3 17, Q4 17, FY 17 and FY 18 have all seen upward revisions; Q3 17 rose from $1.48 to $1.85, Q4 17 improved from $1.10 to $1.34, FY 17 jumped up from $4.83 to $6.21, and FY 18 increased from $5.59 to $6.71.
Bottom Line
With their core agricultural segment coming out of a long term down turn, Deere is expanding their reach into several emerging markets such as Russia, India, China and Brazil. The recent purchase of Wirtgen will strengthen their construction and forestry (C&F) segment which will enable them to capitalize on new domestic infrastructure projects. Finally, management also commented that they are on track to meet their $500 million cost savings goal by the end of FY 18.
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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
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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
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Management's Take According to Samuel R. Allen, chairman and chief executive officer, " John Deere reported strong results in the second quarter as market conditions showed signs of further stabilization. Deere's performance also reflects the sound execution of our operating plans, the strength of a broad product portfolio, and the impact of our actions to develop a more agile cost structure. Bottom Line With their core agricultural segment coming out of a long term down turn, Deere is expanding their reach into several emerging markets such as Russia, India, China and Brazil.
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On a year over year basis the company saw gains in net income +62%, worldwide net sales +5%, worldwide revenues +5%, and net sales of equipment operations +2.2%. Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Increasing Estimates Due to the strong earnings report and subsequent acquisition announcement earnings estimates for Q3 17, Q4 17, FY 17 and FY 18 have all seen upward revisions; Q3 17 rose from $1.48 to $1.85, Q4 17 improved from $1.10 to $1.34, FY 17 jumped up from $4.83 to $6.21, and FY 18 increased from $5.59 to $6.71. A strong management team can guide a company through difficult periods and prepare the business for better times.
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Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Increasing Estimates Due to the strong earnings report and subsequent acquisition announcement earnings estimates for Q3 17, Q4 17, FY 17 and FY 18 have all seen upward revisions; Q3 17 rose from $1.48 to $1.85, Q4 17 improved from $1.10 to $1.34, FY 17 jumped up from $4.83 to $6.21, and FY 18 increased from $5.59 to $6.71. A strong management team can guide a company through difficult periods and prepare the business for better times. This is what Deere & Co.'s management's team has done.
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This is what Deere & Co.'s management's team has done. A strong management team can guide a company through difficult periods and prepare the business for better times. The past several years have been difficult for the agricultural business, but the team made some prudent cost cutting measures and shifted their focus towards other segments within the company.
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2ed17d2b-5f6f-4000-9396-878007b368c1
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722384.0
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2017-06-05 00:00:00 UTC
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AGCO Hits 52-Week High on Positive View, Solid Prospects
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DE
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https://www.nasdaq.com/articles/agco-hits-52-week-high-on-positive-view-solid-prospects-2017-06-05
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nan
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Shares of AGCO CorporationAGCO scaled a fresh 52-week high of $65.76 on Jun 2, before closing the trading session lower at $65.23. Shares of this farm equipment manufacturer rallied on the back of positive outlook and solid prospects.
AGCO has a healthy year-to-date return of 12.7% and a solid one-year return of 18.8%. Despite touching a 52-week high, the price of the company has underperformed the Zacks Categorized Machinery Farm industry in the last twelve months. The current rate of return for the industry is 37.9% while that of AGCO is 18.6%.
The company has a market cap of $5.2 billion. AGCO's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average positive surprise of 40.39%. The average volume of shares traded over the last three months was roughly 607.2K. The stock currently has a long-term earnings growth expectation of 12.11%.
AGCO Corporation Price and Consensus
AGCO Corporation Price and Consensus | AGCO Corporation Quote
Growth Drivers
In the first-quarter 2017 conference call, AGCO raised its net sales guidance to approximately $7.7 billion for 2017. The company believes that its gross and operating margins are likely to improve from the 2016 levels, supported by the benefit of its fixed cost-reduction efforts, as well as consistent progress on productivity and purchasing initiatives.
Based on these assumptions, earnings per share for 2017 are targeted to be approximately $2.70. AGCO projects capital expenditures to be nearly $200-$225 million and free cash flow to be in the band of $225-$250 million.
Notably, AGCO continues to focus on investment, raise efficiency of factories, improve service levels and strengthen its product offerings. The company's consistent efforts to refresh its full line of equipment, with focus on high horsepower products for the growing professional farming sector, as well as new products, will expand current product offering.
AGCO intends to increase the level of investment to execute product development plans, resulting in increased capital expenditures and engineering spend during 2017. The company's spending plan in 2017 is needed to maintain competitiveness and support the long-term growth of its business.
AGCO currently boasts a Zacks Rank #1 (Strong Buy).
Other Key Picks
Other top-ranked stocks in the same space include Deere & Company DE , Altra Industrial Motion Corp. AIMC and Applied Industrial Technologies, Inc. AIT . All three stocks sport a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Deere has a remarkable average positive earnings surprise of 70.41% for the last four quarters. Altra Industrial Motion generated an average positive earnings surprise of 15.93% over the trailing four quarters. Applied Industrial Technologies has delivered an average positive earnings surprise of 9.78% in the past four quarters.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
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
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite touching a 52-week high, the price of the company has underperformed the Zacks Categorized Machinery Farm industry in the last twelve months. The average volume of shares traded over the last three months was roughly 607.2K. AGCO intends to increase the level of investment to execute product development plans, resulting in increased capital expenditures and engineering spend during 2017.
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Other Key Picks Other top-ranked stocks in the same space include Deere & Company DE , Altra Industrial Motion Corp. AIMC and Applied Industrial Technologies, Inc. AIT . Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. Despite touching a 52-week high, the price of the company has underperformed the Zacks Categorized Machinery Farm industry in the last twelve months.
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. Despite touching a 52-week high, the price of the company has underperformed the Zacks Categorized Machinery Farm industry in the last twelve months. The average volume of shares traded over the last three months was roughly 607.2K.
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The average volume of shares traded over the last three months was roughly 607.2K. Despite touching a 52-week high, the price of the company has underperformed the Zacks Categorized Machinery Farm industry in the last twelve months. AGCO intends to increase the level of investment to execute product development plans, resulting in increased capital expenditures and engineering spend during 2017.
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b420d053-40bd-4202-b0df-fb6af5fb6cb1
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722385.0
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2017-06-02 00:00:00 UTC
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Owens-Illinois Hits 52-Week High: What's Driving the Stock?
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DE
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https://www.nasdaq.com/articles/owens-illinois-hits-52-week-high%3A-whats-driving-the-stock-2017-06-02
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nan
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nan
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Shares of Owens-Illinois, Inc.OI crafted a 52-week high of $23.11 on Jun 1, before closing the day at $22.92. Shares of this manufacturer of glass container products rallied on the back of a strong Q1 and upbeat guidance.
The company has a market cap of $3.7 billion. Owens-Illinois' earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average positive surprise of 5.92%. The average volume of shares traded over the last three months was roughly 1.27M.
Owens-Illinois, Inc. Price and Consensus
Owens-Illinois, Inc. Price and Consensus | Owens-Illinois, Inc. Quote
The stock delivered a solid one-year return of around 18.3%. Over the last one year, Owens-Illinois outperformed the Zacks classified Glass Products sub-industry with respect to price performance. The stock gained around 31.5%, while the industry recorded growth of 20.8% over the same time frame.
Growth Drivers
Notably, Owens-Illinois' first-quarter 2017 adjusted earnings per share of 58 cents surpassed the Zacks Consensus Estimate of 53 cents. Additionally, earnings jumped 21% year over year and exceeded management guidance range of 50-55 cents per share.
Further, the company reaffirmed adjusted earnings per share outlook for 2017 in the band of $2.40-$2.50 per share. Compared with adjusted earnings per share of $2.31 in 2016, the mid-point of the guidance range reflects 6% year-over-year growth
For 2017, Owens-Illinois remains on track to achieve all of its financial targets, including volume growth, margin, adjusted earnings, cash flow and deleveraging. The company's focus on simplifying the organization and boosting productivity will drive long-term growth.
Moreover, Owens-Illinois remains focused on improving customer experience and giving priority to mutually beneficial, long-term partnerships. It continues to benefit from the key account management program rolled out in 2016.
Owens-Illinois currently carries a Zacks Rank #2 (Buy).
Other Key Picks
Other top-ranked stocks in the same sector are AGCO Corporation AGCO , Parker-Hannifin Corp. PH and Deere & Company DE All the three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has an average positive earnings surprise of 40.39% for the trailing four quarters. Parker-Hannifin generated an average positive earnings surprise of 40.25% over the past four quarters. Deere has an average positive earnings surprise of 14.94% over the past four quarters.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Owens-Illinois, Inc. (OI): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The average volume of shares traded over the last three months was roughly 1.27M. Owens-Illinois, Inc. Price and Consensus Owens-Illinois, Inc. Price and Consensus | Owens-Illinois, Inc. Quote The stock delivered a solid one-year return of around 18.3%. The stock gained around 31.5%, while the industry recorded growth of 20.8% over the same time frame.
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Other Key Picks Other top-ranked stocks in the same sector are AGCO Corporation AGCO , Parker-Hannifin Corp. PH and Deere & Company DE All the three stocks flaunt a Zacks Rank #1 (Strong Buy). Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report To read this article on Zacks.com click here. The average volume of shares traded over the last three months was roughly 1.27M.
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Compared with adjusted earnings per share of $2.31 in 2016, the mid-point of the guidance range reflects 6% year-over-year growth For 2017, Owens-Illinois remains on track to achieve all of its financial targets, including volume growth, margin, adjusted earnings, cash flow and deleveraging. Other Key Picks Other top-ranked stocks in the same sector are AGCO Corporation AGCO , Parker-Hannifin Corp. PH and Deere & Company DE All the three stocks flaunt a Zacks Rank #1 (Strong Buy). Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report To read this article on Zacks.com click here.
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Additionally, earnings jumped 21% year over year and exceeded management guidance range of 50-55 cents per share. Other Key Picks Other top-ranked stocks in the same sector are AGCO Corporation AGCO , Parker-Hannifin Corp. PH and Deere & Company DE All the three stocks flaunt a Zacks Rank #1 (Strong Buy). The average volume of shares traded over the last three months was roughly 1.27M.
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a831106a-eba1-4e27-b3b3-9a1a3fc10dd1
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722386.0
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2017-06-02 00:00:00 UTC
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3 Top Agricultural Equipment-Manufacturer Stocks to Buy in 2017
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DE
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https://www.nasdaq.com/articles/3-top-agricultural-equipment-manufacturer-stocks-buy-2017-2017-06-02
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nan
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nan
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It's been a difficult five years for the agricultural-equipment sector as record harvests have led to falling crop prices and a lack of willingness among farmers to buy new machinery. However, the uptick in key crop prices such as corn, wheat, and soybeans in 2017 is encouraging investors to believe a turnaround in fortunes is about to take place. In this line of thought, let's look at the three best stocks in the sector, namely Deere & Company (NYSE: DE) , AGCO Corporation (NYSE: AGCO) and CNH Industrial NV (NYSE: CNHI) .
U.S. Corn Farm Price Received data by YCharts .
A better outlook
The chart above shows how crop prices have increased in 2017, and the chart below shows the stock-price movements of the three stocks in this article during the course of the last year.
DE data by YCharts .
Simply put, they have soared as the market has started to price in a recovery in end-market conditions. Indeed, all three have reported better conditions in 2017. It's not that overall conditions are materially better -- they remain weak on a historical basis -- but there's evidence of relative improvement, particularly in places like South America.
For example, here's a summary of how Deere raised its full-year 2017 outlook on its second-quarter earnings call:
Data source: Deere & Company presentations.
While Deere didn't make any significant changes to its outlook for the Northern Hemisphere, Director of Investor Relations Tony Huegel spoke of a "very strong recovery" in Brazil. The theme was also picked up by CNH Industrial on its first-quarter earnings call.
CNH management merely reaffirmed its full-year guidance for net industrial sales of $23 billion to $24 billion and adjusted diluted earnings per share (EPS) of $0.39 to $0.41. Management also spoke of a "strong rebound in demand in LATAM and the continuation of positive market momentum in APAC."
In addition, on AGCO's first-quarter earnings release, management said, "Weak global demand for farm equipment is expected to continue to negatively impact AGCO's sales and earnings in 2017," but it didn't stop full-year net sales guidance being raised to $7.7 billion from $7.4 billion previously. In addition, full-year adjusted EPS is now expected to be $2.70 compared to a previous estimate for $2.50.
All told, global conditions appear to have stabilized, and certain markets, such as Brazil, are definitely better.
Bottom of the cycle valuations?
The investment case for buying into the sector is based on the idea that we will pass through the bottom of the agricultural cycle in 2017. As you can see below, all three companies have seen net income significantly decline in recent years.
DE Net Income (Annual) data by YCharts .
That's something to consider when you look at valuations. For example, a superficial look at one common metric, namely enterprise value (EV) to earnings before interest and taxes (EBIT) shows that all three look expensive from an historical perspective.
DE EV to EBIT (TTM) data by YCharts.
However, if 2017 proves to be the bottom, earnings are likely to turn up sharply, and valuations will come down soon enough. For example, here's a look at Deere's net income in the last few years and its forecast for 2017. Deere's current EV is around $69.5 billion. As you can see below, the valuation multiple will drop notably if net income returns to previous levels.
Data source: Deere & Company presentations. Analysis by author.
Moreover, as you can see below, according to analyst estimates, earnings at AGCO and CNH Industrial are also set to rapidly grow in the next couple of years.
Data source: Analyst estimates
The bottom line
Provided you believe the long-term fundamentals are in place for key agricultural crops to appreciate in price, then agricultural-machinery stocks area a good bet. Valuations may look high on a near-term basis, but if you view the last few years as being exceptional circumstances -- four years of near record harvests have led to falling crop prices -- then all three stocks are attractive.
10 stocks we like better than Deere & Company
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Lee Samaha has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While Deere didn't make any significant changes to its outlook for the Northern Hemisphere, Director of Investor Relations Tony Huegel spoke of a "very strong recovery" in Brazil. Data source: Analyst estimates The bottom line Provided you believe the long-term fundamentals are in place for key agricultural crops to appreciate in price, then agricultural-machinery stocks area a good bet. In this line of thought, let's look at the three best stocks in the sector, namely Deere & Company (NYSE: DE) , AGCO Corporation (NYSE: AGCO) and CNH Industrial NV (NYSE: CNHI) .
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In this line of thought, let's look at the three best stocks in the sector, namely Deere & Company (NYSE: DE) , AGCO Corporation (NYSE: AGCO) and CNH Industrial NV (NYSE: CNHI) . For example, here's a summary of how Deere raised its full-year 2017 outlook on its second-quarter earnings call: Data source: Deere & Company presentations. In addition, on AGCO's first-quarter earnings release, management said, "Weak global demand for farm equipment is expected to continue to negatively impact AGCO's sales and earnings in 2017," but it didn't stop full-year net sales guidance being raised to $7.7 billion from $7.4 billion previously.
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In this line of thought, let's look at the three best stocks in the sector, namely Deere & Company (NYSE: DE) , AGCO Corporation (NYSE: AGCO) and CNH Industrial NV (NYSE: CNHI) . In addition, on AGCO's first-quarter earnings release, management said, "Weak global demand for farm equipment is expected to continue to negatively impact AGCO's sales and earnings in 2017," but it didn't stop full-year net sales guidance being raised to $7.7 billion from $7.4 billion previously. DE data by YCharts .
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In addition, on AGCO's first-quarter earnings release, management said, "Weak global demand for farm equipment is expected to continue to negatively impact AGCO's sales and earnings in 2017," but it didn't stop full-year net sales guidance being raised to $7.7 billion from $7.4 billion previously. Data source: Deere & Company presentations. In this line of thought, let's look at the three best stocks in the sector, namely Deere & Company (NYSE: DE) , AGCO Corporation (NYSE: AGCO) and CNH Industrial NV (NYSE: CNHI) .
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bdb029ea-644f-41c2-9cbf-6c49cf927ea6
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722387.0
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2017-06-02 00:00:00 UTC
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Deere Set to Lead in Road Construction with Wirtgen Buy
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DE
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https://www.nasdaq.com/articles/deere-set-to-lead-in-road-construction-with-wirtgen-buy-2017-06-02
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nan
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nan
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In its largest ever deal, Deere & CompanyDE , the world's largest farm equipment manufacturer is acquiring world's leading road-construction equipment maker Wirtgen, for 4.6 billion euros ($5.2 billion) in cash and debt. The acquisition of Germany-based Wirtgen will aid Deere's North America-centric construction business expand to a global scale and also catapult it to the position of an industry leader in global road construction.
Shares at an All-Time High
Deere's shares touched a new 52-week high of $125.98, an all-time high as well. Shares eventually closed a tad lower to end the day at $124.70, notching a daily gain of 1.83%. This deal provided further boost to Deere's share price which was already on the rise owing to upbeat results and guidance so far in fiscal 2017.
The stock has gained 21.7% year to date, outperforming the Zacks categorized Machinery-Farm industry's increase of 19.1%.
Deere & Company Price
Deere & Company Price | Deere & Company Quote
Financials of the Deal
The acquisition will be funded with a mixture of cash and new debt. As of fiscal second-quarter 2017 end, Deere had a cash balance of $4.53 billion and a debt-to-capital ratio of 38%. The company expects the transaction to close in first-quarter fiscal 2018. On conclusion, the company anticipates the Wirtgen acquisition to immediately boost earnings.
Wirtgen Brings a Complementary Product Portfolio
Wirtgen's machines are used across the road construction sector from milling to processing, mixing, paving, compaction and rehabilitation. Wirtgen sells its machines under five premium brands across more than 100 countries through a large network of company-owned and independent dealers. It employs around 8,000 people. Following the acquisition, Deere plans to retain the Wirtgen's brands, management, manufacturing footprint, employees, and distribution network.
Deere makes equipment for part of the road-building process - loaders and dump trucks to load rocks into crushers from quarries, earthmoving tools at construction sites, and dozers and motor graders that help grade roads. Wirtgen's products are complementary to Deere's portfolio and the combined business will benefit from sharing best practices in distribution, customer support, manufacturing and technology as well as in scale and efficiency of operations.
Why Road Construction?
Expansion in road construction is a better choice given that spending on road construction and transportation projects has grown at a faster rate than the overall construction industry. Additionally, it also tends to be less cyclical. Further, there is long-term improvement potential as infrastructure improvements remains a priority globally with repair and replacement of roads and highways always commanding utmost importance.
Deere Poised Well for the Future
Deere's sales in the past few years had been dented by lower farm income that impacted farmers' ability to spend on equipment. To combat the weak environment, the company had resorted to cutting back on production and layoffs. The scenario has improved of late and its net income of $1.5 billion in fiscal 2016 was the highest in the last ten years. Despite a weak global agricultural sector, the company benefited from the adept execution of its operating plans and disciplined cost management as well as the impact of a broad product portfolio.
Deere's agriculture and turf business contributed about 73% to total revenue in the fiscal second-quarter 2017, while construction and forestry accounted for 18% of revenues. During second-quarter fiscal 2017 conference call, it raised equipment sales growth forecast to about 9% year over year for fiscal 2017 from the prior view of 4%. Segment wise, Deere estimates Agriculture and Turf equipment sales to increase about 8% in fiscal 2017. The company foresees global sales for Construction & Forestry equipment to be up about 13%. For fiscal 2017, Deere also increased net income guidance to $2.0 billion.
The company will benefit from recovery in the dairy market, and improving economic and political conditions in Brazil. Over the long term, the company is likely to gain from favorable trends, supported by increasing population and rising living standards.
Deere currently sports a Zacks Rank #1 (Strong Buy).
Other top-ranked stocks worth considering in the same sector are AGCO Corporation AGCO , Caterpillar, Inc. CAT and Parker-Hannifin Corporation PH . All the three stocks flaunt a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has an average positive earnings surprise of 40.39% in the trailing four quarters. Caterpillar generated an average positive earnings surprise of 40.25% in the past four quarters. Parker-Hannifin has an average positive earnings surprise of 14.94% in the last four quarters.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere makes equipment for part of the road-building process - loaders and dump trucks to load rocks into crushers from quarries, earthmoving tools at construction sites, and dozers and motor graders that help grade roads. Wirtgen's products are complementary to Deere's portfolio and the combined business will benefit from sharing best practices in distribution, customer support, manufacturing and technology as well as in scale and efficiency of operations. Despite a weak global agricultural sector, the company benefited from the adept execution of its operating plans and disciplined cost management as well as the impact of a broad product portfolio.
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In its largest ever deal, Deere & CompanyDE , the world's largest farm equipment manufacturer is acquiring world's leading road-construction equipment maker Wirtgen, for 4.6 billion euros ($5.2 billion) in cash and debt. Deere & Company Price Deere & Company Price | Deere & Company Quote Financials of the Deal The acquisition will be funded with a mixture of cash and new debt. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report To read this article on Zacks.com click here.
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The acquisition of Germany-based Wirtgen will aid Deere's North America-centric construction business expand to a global scale and also catapult it to the position of an industry leader in global road construction. Deere & Company Price Deere & Company Price | Deere & Company Quote Financials of the Deal The acquisition will be funded with a mixture of cash and new debt. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report To read this article on Zacks.com click here.
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In its largest ever deal, Deere & CompanyDE , the world's largest farm equipment manufacturer is acquiring world's leading road-construction equipment maker Wirtgen, for 4.6 billion euros ($5.2 billion) in cash and debt. The acquisition of Germany-based Wirtgen will aid Deere's North America-centric construction business expand to a global scale and also catapult it to the position of an industry leader in global road construction. Shares at an All-Time High Deere's shares touched a new 52-week high of $125.98, an all-time high as well.
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55af736f-7413-4ae3-ac2e-885052631548
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722388.0
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2017-06-02 00:00:00 UTC
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3 Stocks Set for Higher Highs
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DE
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https://www.nasdaq.com/articles/3-stocks-set-higher-highs-2017-06-02
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nan
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nan
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If you're a big believer in the old "Buy Low, Sell High" philosophy, then what are you going to do in a market like this one? Stocks are routinely breaking records in a nearly decade-old bull market. In such an environment, it's time to try the newer "Buy High, Sell Higher" philosophy.
Stocks that are making new highs tend to continue moving even higher until something disrupts the trajectory. With no recession in sight and the economy humming along, the overall trend for stocks remains upward. So how do you find the stocks most likely to continue ascending? The best tool is the Zacks #1 Rank New Highs screen on Zacks Premium. You'll find a collection of Strong Buy stocks that are making new highs and should continue to do so moving forward.
Below are three stocks that recently made the screen. But make sure to click on the link above to see the parameters of this list, along with more than two dozen stocks that passed the stringent criteria.
Marvell Technology Group Ltd. ( MRVL )
Data is big business these days…and it's only getting bigger. The need to store and transmit both wired and wireless data is paramount, and its right up the alley of Marvell Technology Group Ltd. (MRVL). The company is a leader in storage, networking and connectivity semiconductor solutions. Shares of MRVL have soared more than 70% over the past year on the increasing need for its services. It has easily outperformed the Semiconductor - Communications industry, which has jumped more than 45% in its own right over the past year. The space is also in the top 41% of the Zacks Industry Rank with the 105th spot out of 256.
Just last week, Marvell announced its fourth straight positive surprise as earnings per share of 20 cents in its fiscal first quarter topped the Zacks Consensus Estimate by 25%. The four-quarter average beat is now as high as 86.7%. Thanks to growth in the storage, networking and connectivity businesses, revenues jumped 11.5% year over year to $579.2 million. This result also beat the Zacks expectation of $570 million. Revenue is expected between $585 million and $615 million in the fiscal second quarter.
In the past week, six of eight covering analysts raised their expectations of this fiscal year (ending January 2018)…there were no downgrades. The Zacks Consensus Estimate has improved 8.4% in that time to 90 cents per share from 83 cents. If we go back over the past 3 months, analysts have boosted their expectations by 32.4%. The Zacks Consensus Estimate for next fiscal year (ending January 2019) is expected to grow more than 14% to $1.03 per share, which has advanced 5.1% in the past seven days.
Marvell Technology Group Ltd. Price, Consensus and EPS Surprise
Marvell Technology Group Ltd. Price, Consensus and EPS Surprise | Marvell Technology Group Ltd. Quote
Deere & Company ( DE )
For four-and-a-half years now, Deere & Company (DE) has been releasing positive earnings surprises quarter after quarter…and it did so again just two weeks ago. DE is probably the only agriculture equipment company that's also a household name, even if you don't live on a farm or have a huge backyard. The public knows DE from its commercials, distinctive green and yellow products, and for having been mentioned in several country music songs. But while its dependability as an American staple is secure, so too is its reputation in the market after 18 straight quarterly beats.
Most recently, DE reported earnings per share of $2.49 for its fiscal second quarter, marking an approximately 60% improvement over the previous year. It was also 46.5% better than the Zacks Consensus Estimate, leading to a four-quarter average beat of more than 70%. Total sales of $8.29 billion was 5.2% on top of last year due to improved demand for farm and construction equipment. Net sales for equipment operations advanced to $7.26 billion from $7.107 billion. Moving forward, DE raised its equipment sales forecast to 9% for fiscal 2017 from 4% previously.
Earnings estimates have jumped over the past 30 days thanks to the strong report. The Zacks Consensus Estimate for this fiscal year (ending October 2017) has soared 29.4% in that time to $6.21 per share as 11 of 12 covering analysts raised their expectations. Our estimate for next fiscal year (ending October 2018) has increased 20.5% in that time to $6.71, which is also 8% better than what's expected this fiscal year. Ten analysts revised higher for next year. There have been no downgrades.
Deere & Company Price, Consensus and EPS Surprise
Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote
Caterpillar ( CAT )
Having beaten the Zacks Consensus Earnings Estimate for nine straight quarters, it was surprising that Caterpillar (CAT) had a real problem with sequential sales and revenue growth. It had been over two years since this farm and construction equipment manufacturer had same quarter growth on the top line. But that finally changed when it reported first-quarter results in late April. Afterward, practically every analyst covering the stock raised their estimates, as CAT's incessant focus on cost reduction began to pay off.
The company's bottom line was pretty impressive too. Earnings per share of $1.28 doubled the year-ago result and smashed through the Zacks Consensus Estimate by 106.5%. It was the 13th beat in the last 14 quarters and marked an average beat of 40.3% in the past four. Revenues of $9.8 billion also topped our estimates at $9.3 billion, while also improving 3.8% year over year. Just as importantly, CAT increased its sales guidance for 2017 to between $38 billion and $41 billion, compared to the previous range of $36 billion to $39 billion.
Analysts couldn't wait to raise their expectations on CAT after this report. The Zacks Consensus Estimate for this year has climbed 33.7% over the past two months to $4.13 per share, as all 10 covering analysts revised higher. Likewise, the Zacks Consensus Estimate for 2018 has climbed 21.7% in that time to $5.15 per share, which is also nearly 25% better than what's expected in 2017.
Caterpillar, Inc. Price, Consensus and EPS Surprise
Caterpillar, Inc. Price, Consensus and EPS Surprise | Caterpillar, Inc. Quote
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks are routinely breaking records in a nearly decade-old bull market. Below are three stocks that recently made the screen. The company is a leader in storage, networking and connectivity semiconductor solutions.
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Marvell Technology Group Ltd. Price, Consensus and EPS Surprise Marvell Technology Group Ltd. Price, Consensus and EPS Surprise | Marvell Technology Group Ltd. Quote Deere & Company ( DE ) For four-and-a-half years now, Deere & Company (DE) has been releasing positive earnings surprises quarter after quarter…and it did so again just two weeks ago. Deere & Company Price, Consensus and EPS Surprise Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote Caterpillar ( CAT ) Having beaten the Zacks Consensus Earnings Estimate for nine straight quarters, it was surprising that Caterpillar (CAT) had a real problem with sequential sales and revenue growth. Click to get this free report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Marvell Technology Group Ltd. Price, Consensus and EPS Surprise Marvell Technology Group Ltd. Price, Consensus and EPS Surprise | Marvell Technology Group Ltd. Quote Deere & Company ( DE ) For four-and-a-half years now, Deere & Company (DE) has been releasing positive earnings surprises quarter after quarter…and it did so again just two weeks ago. Deere & Company Price, Consensus and EPS Surprise Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote Caterpillar ( CAT ) Having beaten the Zacks Consensus Earnings Estimate for nine straight quarters, it was surprising that Caterpillar (CAT) had a real problem with sequential sales and revenue growth. Click to get this free report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here.
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In the past week, six of eight covering analysts raised their expectations of this fiscal year (ending January 2018)…there were no downgrades. Stocks are routinely breaking records in a nearly decade-old bull market. Below are three stocks that recently made the screen.
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a0037d3d-bda0-4920-8b86-67e905a20dda
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722389.0
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2017-06-02 00:00:00 UTC
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Deere & Co (DE) Chairman & CEO Samuel R Allen Sold $7.8 million of Shares
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DE
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https://www.nasdaq.com/articles/deere-co-de-chairman-ceo-samuel-r-allen-sold-78-million-shares-2017-06-02
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nan
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Chairman & CEO of Deere & Co ( DE ) Samuel R Allen sold 62,704 shares of DE on 06/01/2017 at an average price of $125 a share. The total sale was $7.8 million.
Deere & Company operates in three business segments: agriculture/ turf, construction/forestry & financial services. The Company helps customers to be more productive to improve the quality of life for people around the world. Deere & Co has a market cap of $39.88 billion; its shares were traded at around $125.30 with a P/E ratio of 22.57 and P/S ratio of 1.47. The dividend yield of Deere & Co stocks is 1.91%. Deere & Co had annual average EBITDA growth of 5.70% over the past ten years.
CEO Recent Trades:
Chairman & CEO Samuel R Allen sold 62,704 shares of DE stock on 06/01/2017 at the average price of $125. The price of the stock has increased by 0.24% since.
Directors and Officers Recent Trades:
Pres., John Deere Financial Cory J Reed sold 5,601 shares of DE stock on 05/25/2017 at the average price of $123. The price of the stock has increased by 1.87% since.
Sr. V.P. & Chief Admin Offcr Marc A Howze sold 6,624 shares of DE stock on 05/19/2017 at the average price of $119.59. The price of the stock has increased by 4.77% since.
Pres., John Deere Financial Cory J Reed sold 5,840 shares of DE stock on 05/19/2017 at the average price of $119.59. The price of the stock has increased by 4.77% since.
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This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Directors and Officers Recent Trades: Pres., John Deere Financial Cory J Reed sold 5,601 shares of DE stock on 05/25/2017 at the average price of $123. & Chief Admin Offcr Marc A Howze sold 6,624 shares of DE stock on 05/19/2017 at the average price of $119.59. Pres., John Deere Financial Cory J Reed sold 5,840 shares of DE stock on 05/19/2017 at the average price of $119.59.
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CEO Recent Trades: Chairman & CEO Samuel R Allen sold 62,704 shares of DE stock on 06/01/2017 at the average price of $125. Directors and Officers Recent Trades: Pres., John Deere Financial Cory J Reed sold 5,601 shares of DE stock on 05/25/2017 at the average price of $123. Pres., John Deere Financial Cory J Reed sold 5,840 shares of DE stock on 05/19/2017 at the average price of $119.59.
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CEO Recent Trades: Chairman & CEO Samuel R Allen sold 62,704 shares of DE stock on 06/01/2017 at the average price of $125. Directors and Officers Recent Trades: Pres., John Deere Financial Cory J Reed sold 5,601 shares of DE stock on 05/25/2017 at the average price of $123. Pres., John Deere Financial Cory J Reed sold 5,840 shares of DE stock on 05/19/2017 at the average price of $119.59.
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Directors and Officers Recent Trades: Pres., John Deere Financial Cory J Reed sold 5,601 shares of DE stock on 05/25/2017 at the average price of $123. Pres., John Deere Financial Cory J Reed sold 5,840 shares of DE stock on 05/19/2017 at the average price of $119.59. Chairman & CEO of Deere & Co ( DE ) Samuel R Allen sold 62,704 shares of DE on 06/01/2017 at an average price of $125 a share.
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bf3f7ddf-b8ed-4799-8850-6798c0c36d28
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722390.0
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2017-06-01 00:00:00 UTC
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Zacks Earnings Trends Highlights: Deere & Company and Caterpillar
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DE
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https://www.nasdaq.com/articles/zacks-earnings-trends-highlights%3A-deere-company-and-caterpillar-2017-06-01
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nan
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nan
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For Immediate Release
Chicago, IL - June 01, 2017 - Zacks Director of Research Sheraz Mian says, "While growth reached its highest level in more than 5 years, a bigger proportion of companies have been able to beat estimates, particularly revenues."
Earnings Growth Likely Peaked in Q1
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>>
Here are the key points:
• The Q1 earnings is effectively over now, with results from 492 S&P 500 members already out. Total earnings for these companies are up +13.5% from the same period last year on +7.2% higher revenues, with 72.6% beating EPS estimates and 65.2% beating revenue estimates.
• These results represent a notable improvement over what we have been seeing from the same group of companies in other recent periods. While growth reached the highest level in more than 5 years, a bigger proportion of companies have been able to beat estimates, particularly revenue estimates.
• For the Retail sector, total Q1 earnings are up +1.7% from the same period last year on +3.1% higher revenues, with 60% beating EPS estimates and 50% beating revenue estimates. The sector's Q1 results have been below other recent periods and are also among the weakest of all sectors this reporting cycle.
• For Q2, total earnings for the S&P 500 index are expected to be up +5.8% on +4.8% higher revenues. The Energy, Finance, Technology, Construction and Industrial Products are expected to be big growth drivers in Q2, with the quarterly earnings growth pace dropping to +3.1% on an ex-Energy basis.
• Estimates for Q2 came down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
This trend of negative revisions ahead of the start of each reporting cycles is not new; we have been seeing this play out quarter after quarter for more than 3 years. The revisions trend has been moving in a favorable direction over the last two quarters and that same trend is even more at play in Q2 estimates. What this means is that while estimates for Q2 have come down, they haven't come down as much as would typically be the case by this time in other recent periods.
Estimates for 12 of the 16 Zacks sectors have come down since the start of Q2, with Consumer Discretionary and Utilities suffering the largest declines in revisions. Estimates for the Tech sector remain effectively unchanged, while estimates for Transportation, Construction and Industrial Products sectors have gone up. The positive revisions to Deere & Company ( DE - Free Report ) and Caterpillar ( CAT - Free Report ) are a big reason for the Industrial Product sector's improved earnings picture.
The actual Q1 earnings growth (+13.2%) turned out to be double the growth pace that was expected at the start of the reporting cycle (+6.6%). This magnitude of outperformance was unusual and above the recent quarterly trend. We know that actual Q2 growth will be higher relative to what is currently expected. But even if actual Q2 earnings growth turns out to be as high as was expected at the start of the quarter (+7.9%), it will still be below what was achieved in Q1.
In fact, we can project with a reasonable level of confidence that the Q1 earnings growth pace will be the highest for the next few quarters. Earnings growth has undoubtedly turned positive now, but the quarterly growth pace in the coming quarters will likely stay below what we experienced in Q1.
Unlike the year-over-year growth pace, the dollar amount of total earnings are expected to be in record territory in the coming quarters, particularly in the second half of the year.
Q1 Earnings Season Scorecard
Total Q1 earnings for the 492 index members that have reported results are up +13.5% from the same period last year on +7.2% higher revenues, with 72.6% beating EPS estimates and 65.2% coming ahead of top-line expectations. The proportion of companies beating both EPS and revenue estimates is currently 51.8%. The proportion of companies beating revenue estimates is particularly notable, as is the revenue growth pace.
Please note that the positive Q1 results are broad-based and not narrowly concentrated. Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (78.3%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (67.9%), and Finance (68.1%). The Consumer Staples operators appeared to struggle, with the proportion of Consumer Staples companies beating revenue estimates the lowest of all 16 Zacks sectors.
Note: Sheraz Mian manages the Zacks equity research department. He is an acknowledged earnings expert whose commentaries and analyses appear on Zacks.com and in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview . He manages the Zacks Top 10 and Focus List portfolios and writes the Weekly Market Analysis article for Zacks Premium subscribers.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
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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.
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
Deere & Company (DE): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>> Here are the key points: • The Q1 earnings is effectively over now, with results from 492 S&P 500 members already out. • For Q2, total earnings for the S&P 500 index are expected to be up +5.8% on +4.8% higher revenues. • Estimates for Q2 came down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
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The positive revisions to Deere & Company ( DE - Free Report ) and Caterpillar ( CAT - Free Report ) are a big reason for the Industrial Product sector's improved earnings picture. Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (78.3%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (67.9%), and Finance (68.1%). Click to get this free report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (78.3%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (67.9%), and Finance (68.1%). See these high-potential stocks free >> Get the full Report on DE - FREE Get the full Report on CAT - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts 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. You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>> Here are the key points: • The Q1 earnings is effectively over now, with results from 492 S&P 500 members already out.
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Q1 Earnings Season Scorecard Total Q1 earnings for the 492 index members that have reported results are up +13.5% from the same period last year on +7.2% higher revenues, with 72.6% beating EPS estimates and 65.2% coming ahead of top-line expectations. You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>> Here are the key points: • The Q1 earnings is effectively over now, with results from 492 S&P 500 members already out. • For Q2, total earnings for the S&P 500 index are expected to be up +5.8% on +4.8% higher revenues.
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84e7f3b3-face-417e-a915-7bdc45db02b2
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722391.0
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2017-06-01 00:00:00 UTC
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Notable Thursday Option Activity: TDG, DE, CELG
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DE
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https://www.nasdaq.com/articles/notable-thursday-option-activity-tdg-de-celg-2017-06-01
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in TransDigm Group Inc (Symbol: TDG), where a total of 4,646 contracts have traded so far, representing approximately 464,600 underlying shares. That amounts to about 49.1% of TDG's average daily trading volume over the past month of 946,635 shares. Particularly high volume was seen for the $210 strike put option expiring August 18, 2017 , with 2,200 contracts trading so far today, representing approximately 220,000 underlying shares of TDG. Below is a chart showing TDG's trailing twelve month trading history, with the $210 strike highlighted in orange:
Deere & Co. (Symbol: DE) options are showing a volume of 13,616 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 45.8% of DE's average daily trading volume over the past month, of 3.0 million shares. Particularly high volume was seen for the $100 strike put option expiring July 21, 2017 , with 3,220 contracts trading so far today, representing approximately 322,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $100 strike highlighted in orange:
And Celgene Corp. (Symbol: CELG) saw options trading volume of 15,290 contracts, representing approximately 1.5 million underlying shares or approximately 42.8% of CELG's average daily trading volume over the past month, of 3.6 million shares. Particularly high volume was seen for the $117 strike call option expiring June 16, 2017 , with 4,005 contracts trading so far today, representing approximately 400,500 underlying shares of CELG. Below is a chart showing CELG's trailing twelve month trading history, with the $117 strike highlighted in orange:
For the various different available expirations for TDG options , DE options , or CELG options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $210 strike put option expiring August 18, 2017 , with 2,200 contracts trading so far today, representing approximately 220,000 underlying shares of TDG. Particularly high volume was seen for the $100 strike put option expiring July 21, 2017 , with 3,220 contracts trading so far today, representing approximately 322,000 underlying shares of DE. Particularly high volume was seen for the $117 strike call option expiring June 16, 2017 , with 4,005 contracts trading so far today, representing approximately 400,500 underlying shares of CELG.
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Below is a chart showing TDG's trailing twelve month trading history, with the $210 strike highlighted in orange: Deere & Co. (Symbol: DE) options are showing a volume of 13,616 contracts thus far today. Below is a chart showing DE's trailing twelve month trading history, with the $100 strike highlighted in orange: And Celgene Corp. (Symbol: CELG) saw options trading volume of 15,290 contracts, representing approximately 1.5 million underlying shares or approximately 42.8% of CELG's average daily trading volume over the past month, of 3.6 million shares. Below is a chart showing CELG's trailing twelve month trading history, with the $117 strike highlighted in orange: For the various different available expirations for TDG options , DE options , or CELG options , visit StockOptionsChannel.com.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in TransDigm Group Inc (Symbol: TDG), where a total of 4,646 contracts have traded so far, representing approximately 464,600 underlying shares. Particularly high volume was seen for the $210 strike put option expiring August 18, 2017 , with 2,200 contracts trading so far today, representing approximately 220,000 underlying shares of TDG. Below is a chart showing DE's trailing twelve month trading history, with the $100 strike highlighted in orange: And Celgene Corp. (Symbol: CELG) saw options trading volume of 15,290 contracts, representing approximately 1.5 million underlying shares or approximately 42.8% of CELG's average daily trading volume over the past month, of 3.6 million shares.
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Particularly high volume was seen for the $100 strike put option expiring July 21, 2017 , with 3,220 contracts trading so far today, representing approximately 322,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $100 strike highlighted in orange: And Celgene Corp. (Symbol: CELG) saw options trading volume of 15,290 contracts, representing approximately 1.5 million underlying shares or approximately 42.8% of CELG's average daily trading volume over the past month, of 3.6 million shares. Particularly high volume was seen for the $117 strike call option expiring June 16, 2017 , with 4,005 contracts trading so far today, representing approximately 400,500 underlying shares of CELG.
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83f8fc5e-9ca2-49b4-acdd-c454b8b40804
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722392.0
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2017-05-31 00:00:00 UTC
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5 Reasons to Add Pentair (PNR) Stock to Your Portfolio Now
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DE
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https://www.nasdaq.com/articles/5-reasons-to-add-pentair-pnr-stock-to-your-portfolio-now-2017-05-31
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nan
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nan
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Shares of diversified industrial manufacturing company, Pentair plcPNR , have been performing well of late. If you haven't taken advantage of the share price appreciation yet, the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead. The Zacks Rank #2 (Buy) stock has an estimated long-term earnings growth rate of 11.41%.
Estimates Moving Up
Earnings estimates for fiscal 2017 and 2018 for Pentair have moved up in the past 60 days, reflecting the optimistic outlook of analysts.
The estimate for fiscal 2017 has inched up 1% to $3.52, reflecting a year-over-year growth of 15.32%. The Zacks Consensus Estimate for earnings for fiscal 2018 has also moved north 2% to $3.90, a year-over-year growth of 10.93%.
Positive Earnings Surprise History
Pentair has an impressive earnings surprise history. The company has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 5.29%.
Ahead of the Industry
Year to date, Pentair has outperformed the Zacks classified Manufacturing -Thermal Products sub-industry with respect to price performance. The stock gained around 20.2%, while the industry recorded growth of 18.1%.
Upbeat Q1 & Guidance
Pentair reported first-quarter 2017 adjusted earnings of 65 cents per share, a 6.6% increase from the year-ago quarter. Earnings also beat the Zacks Consensus Estimate of 61 cents.
Pentair reaffirmed its full-year 2017 adjusted EPS guidance range of $3.45-$3.55. Compared with the year-ago earnings of $3.05, the mid-point of the guidance reflects a year-over-year growth of 15%. The company raised the outlook for full-year revenues to approximately $4.8 billion from the prior view of $4.7 billion. For 2017, the company expects that overall adjusted core sales to improve. Pentair also anticipates cash flow to be 100% of adjusted net income.
Growth Drivers in Place
Recently, Pentair announced that it will spin off its electrical unit, which manufactures enclosures and other products for electrical systems. Instead, the company wants to focus on core water treatment business, which makes treatment and processing systems. The separation will happen in the second quarter of 2018 and is expected to occur through a tax-free spin-off of Electrical by Pentair to its shareholders. Both the businesses will trade as two independent, publicly-traded companies. The companies will boast of market-leading positions in respective industries through renowned brands, attractive margin profiles, strong free cash flow generation and compelling growth opportunities.
Pentair's Thermal business witnessed MRO growth in the first quarter for the first time in two years. This indicates solid prospects for this profitable part of the business. The company remains focused on making progress in building order channel. In its Electrical & Fastening Solutions business, Pentair is looking at additional price increases to help mitigate the cost inflation. After a challenging second-half 2016, the company's Electrical segment's order trends remain solid. The company also continues to record sound growth in the biogas business, which further showed signs of strengthening earlier this year on the back of the Union Engineering acquisition. Additionally, Pentair's Aquatic & Environmental Systems is poised to grow on industry strength, continued dealer wins and diligent product innovations.
Other Stocks to Consider
Other top ranked stocks worth considering in the same sector are AGCO Corporation AGCO , Caterpillar, Inc. CAT and Deere & Company DE . All the three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has an average positive earnings surprise of 40.39% in the trailing four quarters. Caterpillar generated an average positive earnings surprise of 40.25% in the past four quarters. Deere has an average positive earnings surprise of 9.89%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Pentair PLC. (PNR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Additionally, Pentair's Aquatic & Environmental Systems is poised to grow on industry strength, continued dealer wins and diligent product innovations. The company has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 5.29%. The stock gained around 20.2%, while the industry recorded growth of 18.1%.
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Other Stocks to Consider Other top ranked stocks worth considering in the same sector are AGCO Corporation AGCO , Caterpillar, Inc. CAT and Deere & Company DE . Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Pentair PLC. The company has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 5.29%.
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The company has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 5.29%. Other Stocks to Consider Other top ranked stocks worth considering in the same sector are AGCO Corporation AGCO , Caterpillar, Inc. CAT and Deere & Company DE . Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Pentair PLC.
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The company has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 5.29%. The stock gained around 20.2%, while the industry recorded growth of 18.1%. The separation will happen in the second quarter of 2018 and is expected to occur through a tax-free spin-off of Electrical by Pentair to its shareholders.
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9b506b20-7634-4ae9-a66c-2ff3651d4f70
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722393.0
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2017-05-31 00:00:00 UTC
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Earnings Growth Likely Peaked in Q1
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DE
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https://www.nasdaq.com/articles/earnings-growth-likely-peaked-q1-2017-05-31
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nan
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nan
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Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>>
Here are the key points:
• The Q1 earnings is effectively over now, with results from 492 S&P 500 members already out. Total earnings for these companies are up +13.5% from the same period last year on +7.2% higher revenues, with 72.6% beating EPS estimates and 65.2% beating revenue estimates.
• These results represent a notable improvement over what we have been seeing from the same group of companies in other recent periods. While growth reached the highest level in more than 5 years, a bigger proportion of companies have been able to beat estimates, particularly revenue estimates.
• For the Retail sector, total Q1 earnings are up +1.7% from the same period last year on +3.1% higher revenues, with 60% beating EPS estimates and 50% beating revenue estimates. The sector's Q1 results have been below other recent periods and are also among the weakest of all sectors this reporting cycle.
• For Q2, total earnings for the S&P 500 index are expected to be up +5.8% on +4.8% higher revenues. The Energy, Finance, Technology, Construction and Industrial Products are expected to be big growth drivers in Q2, with the quarterly earnings growth pace dropping to +3.1% on an ex-Energy basis.
• Estimates for Q2 came down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
The chart below shows how estimates for Q2 have evolved since the start of the period.
This trend of negative revisions ahead of the start of each reporting cycles is not new; we have been seeing this play out quarter after quarter for more than 3 years. The revisions trend has been moving in a favorable direction over the last two quarters and that same trend is even more at play in Q2 estimates. What this means is that while estimates for Q2 have come down, they haven't come down as much as would typically be the case by this time in other recent periods.
Estimates for 12 of the 16 Zacks sectors have come down since the start of Q2, with Consumer Discretionary and Utilities suffering the largest declines in revisions. Estimates for the Tech sector remain effectively unchanged, while estimates for Transportation, Construction and Industrial Products sectors have gone up. The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture.
The actual Q1 earnings growth (+13.2%) turned out to be double the growth pace that was expected at the start of the reporting cycle (+6.6%). This magnitude of outperformance was unusual and above the recent quarterly trend. We know that actual Q2 growth will be higher relative to what is currently expected. But even if actual Q2 earnings growth turns out to be as high as was expected at the start of the quarter (+7.9%), it will still be below what was achieved in Q1.
In fact, we can project with a reasonable level of confidence that the Q1 earnings growth pace will be the highest for the next few quarters. Earnings growth has undoubtedly turned positive now, but the quarterly growth pace in the coming quarters will likely stay below what we experienced in Q1.
The chart below shows quarterly earnings growth expectations beyond Q2.
Q1 Earnings Season Scorecard
The side-by-side charts below compare the growth rates and beat ratios for the 492 index members with what we saw from the same companies in other recent periods.
The comparison charts above show that growth as well as positive beats are tracking above historical periods. The proportion of companies beating revenue estimates is particularly notable, as is the revenue growth pace.
Please note that the positive Q1 results are broad-based and not narrowly concentrated. Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (78.3%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (67.9%), and Finance (68.1%). The Consumer Staples operators appeared to struggle, with the proportion of Consumer Staples companies beating revenue estimates the lowest of all 16 Zacks sectors.
Note: Sheraz Mian manages the Zacks equity research department. He is an acknowledged earnings expert whose commentaries and analyses appear on Zacks.com and in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview . He manages the Zacks Top 10 and Focus List portfolios and writes the Weekly Market Analysis article for Zacks Premium subscribers.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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
Deere & Company (DE): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>> Here are the key points: • The Q1 earnings is effectively over now, with results from 492 S&P 500 members already out. The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture. Q1 Earnings Season Scorecard The side-by-side charts below compare the growth rates and beat ratios for the 492 index members with what we saw from the same companies in other recent periods.
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The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture. Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (78.3%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (67.9%), and Finance (68.1%). Click to get this free report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (78.3%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (67.9%), and Finance (68.1%). You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>> Here are the key points: • The Q1 earnings is effectively over now, with results from 492 S&P 500 members already out. • For Q2, total earnings for the S&P 500 index are expected to be up +5.8% on +4.8% higher revenues.
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here. You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>> Here are the key points: • The Q1 earnings is effectively over now, with results from 492 S&P 500 members already out. • For Q2, total earnings for the S&P 500 index are expected to be up +5.8% on +4.8% higher revenues.
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abc0d7d4-a40a-4d9a-a9bb-dd31cccb07b3
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722394.0
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2017-05-31 00:00:00 UTC
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Earnings Growth Likely Peaked in Q1
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DE
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https://www.nasdaq.com/articles/earnings-growth-likely-peaked-q1-2017-05-31-0
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nan
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nan
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Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>>
Here are the key points:
• The Q1 earnings is effectively over now, with results from 492 S&P 500 members already out. Total earnings for these companies are up +13.5% from the same period last year on +7.2% higher revenues, with 72.6% beating EPS estimates and 65.2% beating revenue estimates.
• These results represent a notable improvement over what we have been seeing from the same group of companies in other recent periods. While growth reached the highest level in more than 5 years, a bigger proportion of companies have been able to beat estimates, particularly revenue estimates.
• For the Retail sector, total Q1 earnings are up +1.7% from the same period last year on +3.1% higher revenues, with 60% beating EPS estimates and 50% beating revenue estimates. The sector's Q1 results have been below other recent periods and are also among the weakest of all sectors this reporting cycle.
• For Q2, total earnings for the S&P 500 index are expected to be up +5.8% on +4.8% higher revenues. The Energy, Finance, Technology, Construction and Industrial Products are expected to be big growth drivers in Q2, with the quarterly earnings growth pace dropping to +3.1% on an ex-Energy basis.
• Estimates for Q2 came down since the quarter got underway, but the magnitude of negative revisions nevertheless compares favorably to other recent periods.
The chart below shows how estimates for Q2 have evolved since the start of the period.
This trend of negative revisions ahead of the start of each reporting cycles is not new; we have been seeing this play out quarter after quarter for more than 3 years. The revisions trend has been moving in a favorable direction over the last two quarters and that same trend is even more at play in Q2 estimates. What this means is that while estimates for Q2 have come down, they haven't come down as much as would typically be the case by this time in other recent periods.
Estimates for 12 of the 16 Zacks sectors have come down since the start of Q2, with Consumer Discretionary and Utilities suffering the largest declines in revisions. Estimates for the Tech sector remain effectively unchanged, while estimates for Transportation, Construction and Industrial Products sectors have gone up. The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture.
The actual Q1 earnings growth (+13.2%) turned out to be double the growth pace that was expected at the start of the reporting cycle (+6.6%). This magnitude of outperformance was unusual and above the recent quarterly trend. We know that actual Q2 growth will be higher relative to what is currently expected. But even if actual Q2 earnings growth turns out to be as high as was expected at the start of the quarter (+7.9%), it will still be below what was achieved in Q1.
In fact, we can project with a reasonable level of confidence that the Q1 earnings growth pace will be the highest for the next few quarters. Earnings growth has undoubtedly turned positive now, but the quarterly growth pace in the coming quarters will likely stay below what we experienced in Q1.
The chart below shows quarterly earnings growth expectations beyond Q2.
Q1 Earnings Season Scorecard
The side-by-side charts below compare the growth rates and beat ratios for the 492 index members with what we saw from the same companies in other recent periods.
The comparison charts above show that growth as well as positive beats are tracking above historical periods. The proportion of companies beating revenue estimates is particularly notable, as is the revenue growth pace.
Please note that the positive Q1 results are broad-based and not narrowly concentrated. Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (78.3%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (67.9%), and Finance (68.1%). The Consumer Staples operators appeared to struggle, with the proportion of Consumer Staples companies beating revenue estimates the lowest of all 16 Zacks sectors.
Note: Sheraz Mian manages the Zacks equity research department. He is an acknowledged earnings expert whose commentaries and analyses appear on Zacks.com and in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview . He manages the Zacks Top 10 and Focus List portfolios and writes the Weekly Market Analysis article for Zacks Premium subscribers.
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Deere & Company (DE): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>> Here are the key points: • The Q1 earnings is effectively over now, with results from 492 S&P 500 members already out. The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture. Q1 Earnings Season Scorecard The side-by-side charts below compare the growth rates and beat ratios for the 492 index members with what we saw from the same companies in other recent periods.
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The positive revisions to Deere & Company ( DE ) and Caterpillar ( CAT ) are a big reason for the Industrial Product sector's improved earnings picture. Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (78.3%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (67.9%), and Finance (68.1%). Click to get this free report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Sectors that beat revenue estimates at a proportion higher than the average for the S&P 500 index, which itself tracked above historical periods, included Autos (90% beat revenue estimates), Conglomerates (83.3%), Industrial Products (81.8% beating revenue estimates), Technology (78.3%), Basic Materials (75%), Transportation (73.3%), Construction (69.2%), Utilities (69%), Medical (67.9%), and Finance (68.1%). You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>> Here are the key points: • The Q1 earnings is effectively over now, with results from 492 S&P 500 members already out. • For Q2, total earnings for the S&P 500 index are expected to be up +5.8% on +4.8% higher revenues.
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here. You can access the full report that contains detailed historical actuals and estimates for the current and following periods, please click here>>> Here are the key points: • The Q1 earnings is effectively over now, with results from 492 S&P 500 members already out. • For Q2, total earnings for the S&P 500 index are expected to be up +5.8% on +4.8% higher revenues.
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70f99e7d-c1ff-4a88-9d57-84bb09834fe1
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722395.0
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2017-05-31 00:00:00 UTC
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Better Buy Now: Caterpillar Inc. vs. Deere & Company
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DE
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https://www.nasdaq.com/articles/better-buy-now-caterpillar-inc-vs-deere-company-2017-05-31
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nan
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nan
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Two industry stalwarts: One is the world's largest construction- and mining-equipment manufacturer, and the other the world's largest farm-equipment company. Both are battling strong end-market headwinds and have struggled to grow profits in recent years. Regardless, both stocks are flying through the roof on one bumper quarterly earnings report.
That pretty much sums up the stories of Caterpillar Inc. (NYSE: CAT) and Deere & Company (NYSE: DE) so far this year. Both heavyweight stocks are currently trading at their 52-week highs, with Caterpillar piling on 9% since announcing its first-quarter numbers mid-April and Deere gaining exactly as much since releasing its second-quarter numbers (Deere's financial year runs from November to October) on May 19.
The big question for investors is: Is this the turnaround we've been waiting for? And if so, is Caterpillar or Deere the better buy today?
The common link
On the face of it, Caterpillar and Deere operate in two different industries, with Caterpillar catering to construction, mining, and oil and gas customers while Deere serves agricultural farms. However, Deere also makes construction equipment, which is why the two stocks are commonly pitted against each other.
In fact, construction equipment is an important business for Deere, with almost 21% of its total machinery sales coming from its construction and forestry division in fiscal 2016. Moreover, Deere might've ended the year on a much stronger note -- it reported 21% lower net income -- if not for the sharp 66% slump in operating profit from its construction business. Lower sales volumes were largely to blame.
Investors were in a for a huge surprise when Deere recently reported 7% higher sales from its construction and forestry division for Q2 and projected full-year segment sales to jump 13%. (I admit I didn't see it coming either and was rather cautious about Deere.) What wasn't surprising was that Caterpillar shares bumped up too after Deere's numbers, just as Deere stock had when Caterpillar announced its own set of strong Q1 numbers in April.
Now that you know what Caterpillar and Deere have in common, let's get back to examining which stock is a better buy today.
Why Caterpillar isn't making much money
Construction equipment might be Caterpillar's bread-and-butter business, having accounted for a little more than 40% of its total machinery sales last year, but the company's fortunes are tied just as closely to the mining and oil and gas sectors.
What this means is that strong construction markets aren't enough to get Caterpillar back on the growth track. Right now, several pockets of weakness could continue to dent Caterpillar's prospects, including low capital spending by miners and oil and gas companies, as well as weak rail, marine, and power markets. These factors, combined with swelling restructuring costs as Caterpillar strives to maintain margins, explain why the company expects earnings of only about $2.10 per share this year, which looks like a dramatic improvement over last year's impairment- and restructuring-driven loss of $0.11 per share but is just a fraction of what it earned during its heyday.
In fact, heavy exposure to volatile sectors like mining and oil and gas can largely be blamed for Caterpillar's struggles in recent years. Mind you, Deere's farm-equipment business can also be very volatile as it is subject to the vagaries of climate conditions, farm income, and crop prices. But farm fundamentals didn't deteriorate as much as mining, or oil and gas more recently.
So while Deere's earnings have also come under tremendous pressure in recent years, the slump hasn't been half as bad as that of Caterpillar. And when you look at the trend in cash flows for the past five years, Deere clearly outshines Caterpillar.
CAT Net Income (TTM) data by YCharts .
Headed in different directions
Despite all the excitement, 2017 could still be among Caterpillar's worst years in terms of profits. The scene at Deere is just the reverse, with the company now projecting 8% and 13% growth in its agricultural and construction and forestry sales, respectively, for fiscal 2017. As for profits, Deere might end the year with nearly $2 billion in net income, or a huge 30% jump over 2016.
I think that's a remarkable turnaround, and Deere stock certainly deserves all the attention it's getting. I'm not sure if I can say the same for Caterpillar, though, simply because the stock has run way too high despite the company's weak operating performance. The thing is, Caterpillar investors are betting on a potential turnaround backed largely by an anticipated uptick in infrastructure spending under President Donald Trump. But it largely remains a speculative bet. Investors in Deere, on the other hand, are betting on a visible turnaround, which makes far more sense.
Interestingly, Deere is also trading cheaper than Caterpillar on a trailing-earnings basis. Even if I give Caterpillar some leeway and consider its adjusted 2016 EPS of $3.42, it is still costlier than Deere at around 31 times trailing adjusted earnings.
CAT PE Ratio (TTM) data by YCharts .
So based on past performance, projected profits, end-market prospects, or valuation, Deere, in my opinion, is a better and safer pick than Caterpillar right now.
10 stocks we like better than Deere & Company
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Neha Chamaria has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Moreover, Deere might've ended the year on a much stronger note -- it reported 21% lower net income -- if not for the sharp 66% slump in operating profit from its construction business. The thing is, Caterpillar investors are betting on a potential turnaround backed largely by an anticipated uptick in infrastructure spending under President Donald Trump. That pretty much sums up the stories of Caterpillar Inc. (NYSE: CAT) and Deere & Company (NYSE: DE) so far this year.
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The common link On the face of it, Caterpillar and Deere operate in two different industries, with Caterpillar catering to construction, mining, and oil and gas customers while Deere serves agricultural farms. Investors were in a for a huge surprise when Deere recently reported 7% higher sales from its construction and forestry division for Q2 and projected full-year segment sales to jump 13%. That pretty much sums up the stories of Caterpillar Inc. (NYSE: CAT) and Deere & Company (NYSE: DE) so far this year.
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Both heavyweight stocks are currently trading at their 52-week highs, with Caterpillar piling on 9% since announcing its first-quarter numbers mid-April and Deere gaining exactly as much since releasing its second-quarter numbers (Deere's financial year runs from November to October) on May 19. The common link On the face of it, Caterpillar and Deere operate in two different industries, with Caterpillar catering to construction, mining, and oil and gas customers while Deere serves agricultural farms. What wasn't surprising was that Caterpillar shares bumped up too after Deere's numbers, just as Deere stock had when Caterpillar announced its own set of strong Q1 numbers in April.
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Moreover, Deere might've ended the year on a much stronger note -- it reported 21% lower net income -- if not for the sharp 66% slump in operating profit from its construction business. So based on past performance, projected profits, end-market prospects, or valuation, Deere, in my opinion, is a better and safer pick than Caterpillar right now. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Deere & Company wasn't one of them!
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e2ba31a6-31c1-4073-ae62-afeb40763f03
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722396.0
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2017-05-31 00:00:00 UTC
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Daily Dividend Report: DE, ADI, ZBH, BKE, NX
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DE
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https://www.nasdaq.com/articles/daily-dividend-report-de-adi-zbh-bke-nx-2017-05-31
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nan
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Deere & Company ( DE ) declared a regular quarterly dividend of $.60 per share on common stock, payable August 1, 2017, to stockholders of record on June 30, 2017.
ADI has declared a quarterly cash dividend of $0.45 per outstanding share of common stock, representing an annual dividend per share of $1.80. The dividend will be paid on June 20, 2017 to all shareholders of record at the close of business on June 9, 2017.
Zimmer Biomet Holdings ( ZBH ) has approved the payment of a quarterly cash dividend to stockholders for the second quarter of 2017. The cash dividend of $0.24 per share will be paid on or about July 28, 2017 to stockholders of record as of the close of business on June 23, 2017.
The Buckle ( BKE ) authorized a $0.25 per share quarterly dividend to be paid to shareholders of record at the close of business on July 14, 2017, with a payment date of July 26, 2017.
Quanex declared a quarterly cash dividend of $0.04 per share on the Company's common stock, payable June 30, 2017, to shareholders of record on June 15, 2017.
VIDEO: Daily Dividend Report: DE, ADI, ZBH, BKE, NX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & Company ( DE ) declared a regular quarterly dividend of $.60 per share on common stock, payable August 1, 2017, to stockholders of record on June 30, 2017. The dividend will be paid on June 20, 2017 to all shareholders of record at the close of business on June 9, 2017. Zimmer Biomet Holdings ( ZBH ) has approved the payment of a quarterly cash dividend to stockholders for the second quarter of 2017. The cash dividend of $0.24 per share will be paid on or about July 28, 2017 to stockholders of record as of the close of business on June 23, 2017.
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Deere & Company ( DE ) declared a regular quarterly dividend of $.60 per share on common stock, payable August 1, 2017, to stockholders of record on June 30, 2017. Quanex declared a quarterly cash dividend of $0.04 per share on the Company's common stock, payable June 30, 2017, to shareholders of record on June 15, 2017. VIDEO: Daily Dividend Report: DE, ADI, ZBH, BKE, NX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ADI has declared a quarterly cash dividend of $0.45 per outstanding share of common stock, representing an annual dividend per share of $1.80. The dividend will be paid on June 20, 2017 to all shareholders of record at the close of business on June 9, 2017. Zimmer Biomet Holdings ( ZBH ) has approved the payment of a quarterly cash dividend to stockholders for the second quarter of 2017. Quanex declared a quarterly cash dividend of $0.04 per share on the Company's common stock, payable June 30, 2017, to shareholders of record on June 15, 2017.
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The cash dividend of $0.24 per share will be paid on or about July 28, 2017 to stockholders of record as of the close of business on June 23, 2017. Quanex declared a quarterly cash dividend of $0.04 per share on the Company's common stock, payable June 30, 2017, to shareholders of record on June 15, 2017. VIDEO: Daily Dividend Report: DE, ADI, ZBH, BKE, NX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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9ffc84f1-a687-490f-a8f6-617227dab6f2
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722397.0
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2017-05-29 00:00:00 UTC
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6 Reasons to Add Deere (DE) Stock to Your Portfolio Now
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DE
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https://www.nasdaq.com/articles/6-reasons-to-add-deere-de-stock-to-your-portfolio-now-2017-05-29
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nan
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Shares of Deere & CompanyDE , producer of agricultural equipment and a leading manufacturer of construction, forestry, and commercial and consumer equipment, have been performing well of late.
If you haven't taken advantage of the share price appreciation yet, the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead. This Zacks Rank #1 (Strong Buy) stock has an estimated long-term earnings growth rate of 7.58%.
Estimates Northbound
Estimates for Deere have moved up over the past 30 days, reflecting the optimistic outlook of analysts. The earnings estimate for third-quarter fiscal 2017, fiscal 2017 and 2018 have all gone up in the last 30 days.
For the fiscal third quarter, the Zacks Consensus Estimate for earnings has gone up 24% over the past 30 days and is pegged at $1.83, indicating year-over-year growth of 18%. The estimate for fiscal 2017 climbed 29% to $6.21. The Zacks Consensus Estimate for fiscal 2018 also moved north 20% to $7.27.
Positive Earnings Surprise History
Deere outpaced the Zacks Consensus Estimate over the trailing four quarters, generating an encouraging positive average earnings surprise of 70.41%.
Ahead of the Industry
The company has outperformed the Zacks categorized Machinery-Farm sub-industry in the past one year. Shares have gained 52.5%, while the industry recorded growth of 46%.
Upbeat Q2
Deere reported record second-quarter fiscal 2017 adjusted earnings per share of $2.49, surging around 59.6% year over year. Earnings also outpaced the Zacks Consensus Estimate of $1.70, registering a positive earnings surprise of 46.5%.
Raised Guidance
Given the upbeat fiscal second-quarter performance, Deere raised its equipment sales growth forecast to about 9% year over year for fiscal 2017 from the prior view of 4%. The company projects equipment sales to rise about 18% in the fiscal third quarter compared with the year-ago period. For fiscal 2017, Deere also boosted its outlook for net sales to climb 9% year over year and net income at $2.0 billion.
Growth Drivers
Deere is anticipated to gain from a durable business model and wide range of revenue sources. Its execution of operating plans, disciplined cost management and a broad product portfolio also remain tailwinds.
In addition, Deere remains well placed for growth over the long term, based on steady investments in new products and geographies. Profitability will remain strong, backed by increased global demand for food, shelter and infrastructure.
Other Stocks to Consider
Other top-ranked stocks in the same space include AGCO Corp. AGCO , Altra Industrial Motion Corp. AIMC and Applied Industrial Technologies, Inc. AIT . All three stocks sport a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has a remarkable average positive earnings surprise of 40.39% for the last four quarters. Altra Industrial Motion generated an average positive earnings surprise of 15.93% over the trailing four quarters. Applied Industrial Technologies has delivered an average positive earnings surprise of 9.78% in the past four quarters.
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Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Growth Drivers Deere is anticipated to gain from a durable business model and wide range of revenue sources. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Shares of Deere & CompanyDE , producer of agricultural equipment and a leading manufacturer of construction, forestry, and commercial and consumer equipment, have been performing well of late.
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Positive Earnings Surprise History Deere outpaced the Zacks Consensus Estimate over the trailing four quarters, generating an encouraging positive average earnings surprise of 70.41%. Other Stocks to Consider Other top-ranked stocks in the same space include AGCO Corp. AGCO , Altra Industrial Motion Corp. AIMC and Applied Industrial Technologies, Inc. AIT . Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Positive Earnings Surprise History Deere outpaced the Zacks Consensus Estimate over the trailing four quarters, generating an encouraging positive average earnings surprise of 70.41%. Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deere & CompanyDE , producer of agricultural equipment and a leading manufacturer of construction, forestry, and commercial and consumer equipment, have been performing well of late.
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Raised Guidance Given the upbeat fiscal second-quarter performance, Deere raised its equipment sales growth forecast to about 9% year over year for fiscal 2017 from the prior view of 4%. Shares of Deere & CompanyDE , producer of agricultural equipment and a leading manufacturer of construction, forestry, and commercial and consumer equipment, have been performing well of late. Estimates Northbound Estimates for Deere have moved up over the past 30 days, reflecting the optimistic outlook of analysts.
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83e2ce9a-edce-4516-b266-5f698be6e83d
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722398.0
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2017-05-26 00:00:00 UTC
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MOO, SYT, DE, ZTS: ETF Outflow Alert
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DE
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https://www.nasdaq.com/articles/moo-syt-de-zts-etf-outflow-alert-2017-05-26
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Agribusiness ETF (Symbol: MOO) where we have detected an approximate $22.1 million dollar outflow -- that's a 2.7% decrease week over week (from 14,950,000 to 14,550,000). Among the largest underlying components of MOO, in trading today Syngenta AG (Symbol: SYT) is off about 0.1%, Deere & Co. (Symbol: DE) is up about 0.6%, and Zoetis Inc (Symbol: ZTS) is up by about 0.6%. For a complete list of holdings, visit the MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average:
Looking at the chart above, MOO's low point in its 52 week range is $45.95 per share, with $55.32 as the 52 week high point - that compares with a last trade of $55.24. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average: Looking at the chart above, MOO's low point in its 52 week range is $45.95 per share, with $55.32 as the 52 week high point - that compares with a last trade of $55.24. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average: Looking at the chart above, MOO's low point in its 52 week range is $45.95 per share, with $55.32 as the 52 week high point - that compares with a last trade of $55.24. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Agribusiness ETF (Symbol: MOO) where we have detected an approximate $22.1 million dollar outflow -- that's a 2.7% decrease week over week (from 14,950,000 to 14,550,000).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Agribusiness ETF (Symbol: MOO) where we have detected an approximate $22.1 million dollar outflow -- that's a 2.7% decrease week over week (from 14,950,000 to 14,550,000). For a complete list of holdings, visit the MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average: Looking at the chart above, MOO's low point in its 52 week range is $45.95 per share, with $55.32 as the 52 week high point - that compares with a last trade of $55.24. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average: Looking at the chart above, MOO's low point in its 52 week range is $45.95 per share, with $55.32 as the 52 week high point - that compares with a last trade of $55.24. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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07d07a4f-d46a-46c8-89df-948ed8efe349
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722399.0
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2017-05-26 00:00:00 UTC
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Avery Dennison (AVY) Upgraded to Buy on Bright Prospects
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DE
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https://www.nasdaq.com/articles/avery-dennison-avy-upgraded-to-buy-on-bright-prospects-2017-05-26
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nan
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nan
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Avery Dennison CorporationAVY has been upgraded to a Zacks Rank #2 (Buy) on May 26,
Going by the Zacks model, companies sporting a Zacks Rank #1 (Strong Buy) or 2 have strong chances of outperforming the broader market.
Year to date, the company has outperformed the Zacks classified Office Supplies & Forms sub-industry with respect to price performance. The stock rallied 20%, while the industry recorded gain of a meager 1.3%.
Why the Upgrade?
Market sentiments have been favoring Avery Dennison for quite some time now, especially after the company reported better-than-expected first-quarter results. In the quarter, earnings and revenues improved on a year-over-year basis and also beat the Zacks Consensus Estimate on both the counts.
For 2017, the company hiked adjusted earnings per share guidance to a range of $4.50-$4.65, reflecting a stronger operating outlook and a lower tax rate. Avery Dennison also anticipates organic sales growth of 3.5-4.5% for full-year 2017, reflecting solid results in the first quarter. Further, it expects to deliver sixth consecutive year of a double-digit increase in EPS and solid organic sales growth. The company's consistent execution of strategies continues to enhance competitive advantage while driving profitable growth. Consistent focus on productivity, cost control and share repurchases will also drive results.
Notably, Avery Dennison announced 10% dividend hike to 45 cents per share, earlier in April. The company's balance sheet remains strong and has ample capacity to continue funding acquisitions, as well as returning cash to shareholders. It repurchased 0.5 million shares in the first quarter at an aggregate cost of $35 million and paid $36 million in dividends.
Recently, the company has acquired Longford, Ireland-based Finesse Medical, a maker of materials used for wound care and skin treatments. Finesse Medical is a strategic fit with Avery Dennison's Vancive Medical Technologies. Finesse Medical's product portfolio of silicone gels and polyurethane foam dressings will complement Avery Dennison's products in wound care. Further, its converting and packaging capabilities will enable Avery Dennison to offer expanded manufacturing services to customers.
Avery Dennison Corporation Price and Consensus
Avery Dennison Corporation Price and Consensus | Avery Dennison Corporation Quote
Avery Dennison also has a positive record of earnings surprise in the last few quarters. Investors seem to be optimistic about its future prospects, given that estimates for fiscal 2017 has moved up 4% and for fiscal 2018 have gone up 4%. The projected year-over-year earnings growth for fiscal 2017 is at 14.74% and 9.14% for fiscal 2018.
Other Stocks to Consider
Other top ranked stocks worth considering in the same sector are AGCO Corporation AGCO , Caterpillar, Inc. CAT and Deere & Company DE . All the three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
AGCO has an average positive earnings surprise of 40.39% in the trailing four quarters. Caterpillar generated an average positive earnings surprise of 40.25% in the past four quarters. Deere has an average positive earnings surprise of 9.89%.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>
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Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Avery Dennison Corporation (AVY): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company's balance sheet remains strong and has ample capacity to continue funding acquisitions, as well as returning cash to shareholders. Avery Dennison CorporationAVY has been upgraded to a Zacks Rank #2 (Buy) on May 26, Going by the Zacks model, companies sporting a Zacks Rank #1 (Strong Buy) or 2 have strong chances of outperforming the broader market. The stock rallied 20%, while the industry recorded gain of a meager 1.3%.
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Avery Dennison Corporation Price and Consensus Avery Dennison Corporation Price and Consensus | Avery Dennison Corporation Quote Avery Dennison also has a positive record of earnings surprise in the last few quarters. Other Stocks to Consider Other top ranked stocks worth considering in the same sector are AGCO Corporation AGCO , Caterpillar, Inc. CAT and Deere & Company DE . Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Avery Dennison CorporationAVY has been upgraded to a Zacks Rank #2 (Buy) on May 26, Going by the Zacks model, companies sporting a Zacks Rank #1 (Strong Buy) or 2 have strong chances of outperforming the broader market. Avery Dennison Corporation Price and Consensus Avery Dennison Corporation Price and Consensus | Avery Dennison Corporation Quote Avery Dennison also has a positive record of earnings surprise in the last few quarters. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Avery Dennison CorporationAVY has been upgraded to a Zacks Rank #2 (Buy) on May 26, Going by the Zacks model, companies sporting a Zacks Rank #1 (Strong Buy) or 2 have strong chances of outperforming the broader market. Avery Dennison Corporation Price and Consensus Avery Dennison Corporation Price and Consensus | Avery Dennison Corporation Quote Avery Dennison also has a positive record of earnings surprise in the last few quarters. Other Stocks to Consider Other top ranked stocks worth considering in the same sector are AGCO Corporation AGCO , Caterpillar, Inc. CAT and Deere & Company DE .
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3b1e6330-857d-4de1-9e77-26a66f7450a0
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