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Stock Market & Financial Investment News

News Breaks
February 5, 2014
08:55 EDTBEAV, BEAV, CRS, CRS, ANTH, ANTH, EGL, EGL, CVU, CVU, MOG.A, MOG.A, ICFI, ICFI, CYT, CYT, SAIC, SAIC, KEYW, KEYWCowen to host a conference
35th Annual Aerospace/Defense Conference is being held in New York on February 5-6 with webcasted company presentations to begin on February 5 at 9 am. Webcast Link
News For A;CVU;EGL;ANTH;CRS;KEYW From The Last 14 Days
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October 30, 2014
13:08 EDTKEYWKEYW management to meet with Maxim
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12:34 EDTKEYWKEYW management to meet with Maxim
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October 29, 2014
16:12 EDTAAgilent reports Q3 EPS 3c, one estimate 3c
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October 28, 2014
16:42 EDTKEYWKEYW reports Q3 GAAP EPS (8c), consensus (5c)
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16:17 EDTEGLEngility Holdings agrees to acquire TASC in all-stock deal valued at $1.1B
Engility Holdings announced that they have entered into a definitive agreement to acquire privately-held TASC, a professional services provider to the national security and public safety markets, in an all-stock transaction valued at approximately $1.1B, including the assumption of net debt. This transaction will build on the strengths of each company to create a leading government services provider with expected combined pro-forma revenue of approximately $2.5B in 2014. The transaction was approved by the boards of directors of both companies and is expected to close in the first quarter of 2015. On a pro-forma basis, following the close of the transaction, the combined company is expected to generate approximately $2.5B in revenue and approximately $210M in combined adjusted EBITDA in 2014, excluding cost savings. Under the terms of the agreement, the company will maintain the Engility Holdings, Inc. name and continue to be traded on the New York Stock Exchange under the ticker symbol “EGL.” Engility stockholders of record as of the date prior to the closing of the transaction will receive a special cash dividend of approximately $11.40 per share for each Engility share they own, subject to final adjustments depending on Engility's diluted share count at time of closing. TASC stockholders will receive approximately 18.9M shares of Engility Holdings, representing an approximately 51% ownership stake in the combined company on a pro-forma, fully-diluted basis. The transaction is valued at approximately $1.1B, including the assumption of approximately $613M in net debt and the net present value of TASC’s tax assets. Once the transaction closes, the combined company will benefit from TASC’s approximately $1.4B of tax attributes, including net operating losses, with a net present value of approximately $370M. These tax assets will significantly reduce the combined company’s net cash tax expense through 2024, positioning it to generate substantial free cash flow and rapidly de-lever.
16:14 EDTEGLEngility Holdings agrees to acquire TASC in all-stock deal valued at $1.1B
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16:13 EDTEGLEngility Holdings raises FY14 adjusted EPS view to $2.90-$3.10 from $2.70-$2.90
Consensus $2.29. Backs FY14 revenue view $1.35B-$1.45B, consensus $1.41B. “As anticipated, we experienced strong award activity to start the second half of 2014 and achieved a solid sequential and year-over-year increase in our book-to-bill ratio. We won many new awards in the quarter and continue to increase our competitiveness in the market,” the company said.
16:12 EDTEGLEngility Holdings reports Q3 adjusted EPS 86c, consensus 60c
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October 27, 2014
18:38 EDTAS&P announces changes to the S&P MidCap 400 and S&P SmallCap 600 indices
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October 24, 2014
11:32 EDTCRSCarpenter Technology sees richer sequential sales mix to begin in Q2
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10:03 EDTCRSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Align Technology (ALGN) upgraded to Buy from Hold at Jefferies... Brandywine Realty (BDN) upgraded to Buy from Hold at Stifel... Buffalo Wild Wings (BWLD) upgraded to Buy from Hold at Feltl... Carpenter Technology (CRS) upgraded to Overweight from Neutral at JPMorgan... Check Point (CHKP) upgraded to Buy from Hold at Needham... Diamond Offshore (DO) upgraded at ISI Group... Digital Realty (DLR) upgraded to Market Perform from Underperform at Cowen... EQT Corporation (EQT) upgraded to Buy from Neutral at SunTrust... Education Realty (EDR) upgraded to Buy from Hold at MLV & Co.... Gigamon (GIMO) upgraded to Neutral from Underperform at BofA/Merrill... Halliburton (HAL) upgraded to Buy from Neutral at Citigroup... Invacare (IVC) upgraded at KeyBanc... Knight Transportation (KNX) upgraded to Neutral from Underperform at Credit Suisse... Logitech (LOGI) upgraded to Buy from Neutral at UBS... Lorillard (LO) upgraded to Market Perform from Underperform at Cowen... Maxim Integrated (MXIM) upgraded to Buy from Hold at Deutsche Bank... NCR Corp. (NCR) upgraded to Neutral from Sell at Goldman... Nabors Industries (NBR) upgraded to Buy from Hold at Argus... Nucor (NUE) upgraded to Outperform from Underperform at CLSA... Old National Bancorp (ONB) upgraded to Buy from Neutral at DA Davidson... Plexus (PLXS) upgraded to Outperform from Market Perform at Raymond James... Potash (POT) upgraded to Buy from Hold at TD Securities... Reliance Steel (RS) upgraded to Buy from Hold at Jefferies... ResMed (RMD) upgraded to Outperform from Market Perform at William Blair... Royal Dutch Shell (RDS.A) upgraded to Buy from Neutral at UBS... Swift Transport (SWFT) upgraded to Buy from Hold at Stifel... Vulcan Materials (VMC) upgraded to Overweight from Equal Weight at Stephens... Weatherford (WFT) upgraded to Buy from Neutral at Citigroup.
07:29 EDTCRSCarpenter Technology upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Carpenter Technology to Overweight following the company's Q1 results on expectations earnings growth will improve from a rebound in aerospace volumes and better margins. The firm keeps a $60 price target for shares.
October 23, 2014
07:13 EDTCRSCarpenter Technology announces $500M share repurchase program
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07:09 EDTCRSCarpenter Technology reports Q1 EPS 25c, consensus 16c
Reports Q1 net sales excluding surcharge $440.1M, consensus $477.46M. Reports Q1 net sales $549.8M.
October 22, 2014
08:01 EDTEGLEngility Holdings wins $42.9M contract to provide system engineering for Navy
Engility Holdings announced it has won a $42.9M contract to provide system engineering, design, prototype, and testing and evaluation for shipboard and shore-based electronic systems under a program supporting the Naval Air Warfare Center Aircraft Division. This new contract, which is administered by the U.S. Army Space and Missile Defense Command/Army Forces Strategic Command, provides Engility with the opportunity to continue and expand its work for NAWCAD and is a $42.94M three year agreement. This contract is a Firm-Fixed Price Level of Effort and the work will be done by Engility personnel in Hollywood, MD; Patuxent River Naval Air Station, Patuxent River, MD; and Webster Field Annex, St Inigoes, MD.
October 20, 2014
07:10 EDTAAmerican Society of Human Genetics to hold annual meeting
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