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Stock Market & Financial Investment News

News Breaks
May 5, 2014
07:51 EDTBEAVBE Aerospace strategic review a surprise announcement, says Canaccord
Canaccord said BE Aerospace canceled its investor day following its announcement it would explore strategic alternatives. The firm is surprised by the announcement as its valuation is relatively high and they are not aware of any part of the business the company has identified as non-core and believes it is too early to speculate on any merger possibilities. Shares are Buy rated with a $100 price target.
News For BEAV From The Last 14 Days
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October 22, 2014
05:24 EDTBEAVBE Aerospace says KLX expects to record $25M repositioning charge in Q4
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05:22 EDTBEAVBE Aerospace raises FY14 EPS view by 10c to about $4.45, consensus $4.46
BE Aerospace is raising its 2014 guidance by 10c per share, and now expects 2014 adjusted EPS of approximately $4.45 per diluted share, exclusive of total 2014 costs associated with debt redemption, professional fees, business repositioning, separation, acquisition, strategic review, and international tax initiatives, representing an increase of approximately 25% as compared to 2013 EPS similarly adjusted. 2014 free cash flow conversion ratio is expected to be approximately 60% of adjusted net earnings. The company expects each of its two businesses, B/E Aerospace and KLX, to increase both revenues and EPS at a double-digit rate in 2015 as compared with 2014, assuming no negative macroeconomic or exogenous impacts on either of the businesses. The company plans to provide more detailed financial guidance for each business at its planned investor meeting on December 1.
05:20 EDTBEAVBE Aerospace reports Q3 EPS $1.16, consensus $1.14
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October 14, 2014
12:39 EDTBEAVMonmouth Real Estate acquires industrial building for $5.2M
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