New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 13, 2014
10:05 EDTWSO, SPR, OPB, LMT, GWW, EVR, WCC, RGLS, NOC, HDS, GCA, CIO, WB, DXYN, RTN, MC, GHL, GD, BA, XECOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Boeing (BA) initiated with an Outperform at Wolfe Research... Cimarex Energy (XEC) assumed with a Hold at Brean Capital... City Office REIT (CIO) initiated with a Buy at Janney Capital... Evercore Partners (EVR) initiated with an Outperform at Bernstein... General Dynamics (GD) initiated with an Outperform at Wolfe Research... Global Cash Access (GCA) initiated with a Hold at Stifel... Grainger (GWW) initiated with an Overweight at Morgan Stanley... Greenhill & Co. (GHL) initiated with a Market Perform at Bernstein... HD Supply (HDS) initiated with an Equal Weight at Morgan Stanley... Lockheed Martin (LMT) initiated with a Peer Perform at Wolfe Research... Moelis (MC) initiated with an Outperform at Bernstein... Northrop Grumman (NOC) initiated with a Peer Perform at Wolfe Research... Opus Bank (OPB) initiated with an Outperform at Keefe Bruyette... Raytheon (RTN) initiated with an Outperform at Wolfe Research... Regulus Therapeutics (RGLS) initiated with an Outperform at Brinson Patrick... Spirit AeroSystems (SPR) initiated with a Peer Perform at Wolfe Research... The Dixie Group (DXYN) reinstated with a Strong Buy at Raymond James... WESCO (WCC) initiated with an Equal Weight at Morgan Stanley... Watsco (WSO) initiated with an Equal Weight at Morgan Stanley... Weibo (WB) initiated with a Buy at Goldman.
News For BA;XEC;CIO;EVR;GD;GCA;GWW;GHL;HDS;LMT;MC;NOC;OPB;RTN;RGLS;SPR;DXYN;WCC;WSO;WB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 >>
January 26, 2016
11:12 EDTLMTLockheed Martin expects 53 F-35 fighter jet deliveries in 2016
Subscribe for More Information
11:09 EDTLMTLockheed Martin sees new interest in search and rescue helicopters
11:07 EDTLMTLockheed Martin says increase in DoD budget shows need to respond in environment
11:06 EDTLMTLockheed Martin plans to adjust financial outlook when spin-off closes
Comments taken from Q4 earnings conference call.
11:01 EDTLMTLockheed Martin sees 2017 and beyond sales growth rate to be higher
Subscribe for More Information
07:35 EDTGWWGrainger backs FY16 EPS $10.80-$13.00, revenue down 1% to up 7%
07:33 EDTGWWGrainger reports Q4 adjusted EPS $2.49, consensus $2.23
Subscribe for More Information
07:10 EDTLMTLeidos confirms agreement to combine with Lockheed Martin units
Subscribe for More Information
07:07 EDTLMTLockheed Martin reports Q4 Aeronautics sales $4.38B
Subscribe for More Information
07:06 EDTLMTLockheed Martin sees FY16 EPS $11.45-$11.75
Subscribe for More Information
07:04 EDTLMTLockheed Martin reports Q4 EPS $3.01, consensus $2.92
Reports Q4 revenue $12.9B vs. $12.5B last year. Fourth quarter 2015 net earnings included a special charge for workforce reductions of $67 million, which decreased net earnings $44 million, or $0.14 per share; and non-recoverable transaction costs of $45 million associated with the acquisition of Sikorsky Aircraft Corporation and the Corporation's strategic review of its government IT and technical services businesses, which decreased net earnings $28 million, or $0.09 per share. These costs were offset by the recognition of a full-year U.S. research and development tax credit resulting from the enactment of tax legislation in the fourth quarter of 2015, which increased net earnings $71 million, or $0.23 per share. Fourth quarter 2014 net earnings included a special charge for a non-cash goodwill impairment of $119 million, which decreased net earnings $107 million, or $0.33 per share, partially offset by the recognition of a full-year R&D tax credit due to the temporary reinstatement of the R&D tax credit in the fourth quarter of 2014, which increased earnings $45 million, or $0.14 per share.
07:03 EDTLMTLockheed Martin to separate and combine IT/tech service units with Leidos
Lockheed Martin (LMT) has entered into a definitive agreement to separate and combine its realigned Information Systems & Global Solutions business segment with Leidos (LDOS) in a tax-efficient Reverse Morris Trust transaction, unlocking $5 billion in estimated enterprise value for Lockheed Martin stockholders. The agreement aims to align IS&GS's business with an industry leader in government IT and technical services, creating an enterprise capable of providing unparalleled solutions in industries from national security to health and life sciences. Subject to regulatory approvals, the $5B transaction includes a $1.8B one-time special cash payment to Lockheed Martin, which the Corporation intends to use to repay debt, pay dividends, and/or repurchase its stock. The cash payment is subject to adjustment on the terms set forth in the transaction documents. Lockheed Martin stockholders will receive approximately 50.5% of the outstanding equity of Leidos on a fully diluted basis with an estimated value of $3.2B. Leidos' existing shareholders will continue to hold the remaining approximately 49.5% of the outstanding shares of Leidos. The transaction structure, which is subject to market conditions, is currently contemplated to be a tax-efficient split-off transaction, which would result in a decrease in Lockheed Martin share count. The transaction is also subject to Leidos shareholder approval and completion of customary conditions, including receipt of opinions of tax counsel. The transaction is expected to close in the third or fourth quarter of 2016. Until closing, IS&GS will continue to operate as a business segment of the Corporation.
07:02 EDTLMTLockheed Martin to separate and combine IT/tech service units with Leidos
06:29 EDTLMTPoland 'very likely' to cancel $3B Airbus deal, Reuters reports
Subscribe for More Information
January 25, 2016
14:33 EDTBABoeing technical comments ahead of results
Subscribe for More Information
14:29 EDTLMT, GWWNotable companies reporting before tomorrow's open
Subscribe for More Information
13:07 EDTLMTLockheed Martin volatility flat into Q4 and outlook
Lockheed Martin February call option implied volatility is at 23, March is at 22; compared to its 52-week range of 14 to 33, suggesting non-directional price movement into the expected release of Q4 results on January 26.
07:07 EDTOPBOpus Bank increases quarterly dividend 25% to 15c per share
Opus Bank said its board increased its quarterly cash dividend by 25% to 15c per share. Chairman and CEO Stephen H. Gordon said that the increase " reflects our strong capital position, asset quality, liquidity, increasing earnings power and return metrics, and confidence in our ability to execute our business strategy and growth plans."
07:06 EDTOPBOpus Bank reports Q4 EPS 50c, consensus 57c
Subscribe for More Information
06:47 EDTOPBOpus Bank agrees to acquire PENSCO Trust Company
Opus Bank announced that it has entered into a definitive agreement to acquire PENSCO Trust Company,, a wholly-owned subsidiary of PENSCO Services. Under the terms of the agreement, PENSCO shareholders and members will receive aggregate consideration comprised of 1,698,529 shares of Opus Bank common stock and $47.25 million in cash, subject to certain adjustments set forth in the definitive agreement. The transaction is expected to close early in the second quarter of 2016, subject to certain regulatory approvals or non-objections and approvals by PENSCO's shareholders and members, after which PENSCO will operate as a subsidiary of Opus. PENSCO shareholders and members have entered into voting agreements which provide for the requisite approvals when special meetings are held to vote on the transaction. Kelly Rodriques, President and Chief Executive Officer of PENSCO, will continue in the role of President and Chief Executive Officer of PENSCO, and will join Opus as Executive Vice President-Wealth Services.
1 | 2 | 3 | 4 | 5 | 6 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use