|July 15, 2013|
|19:11 EDT||MPC, CTAS, BERY, HSII, NQ, ANR, JOEZ, BRO||On The Fly: After Hours Movers|
HIGHER: Brown & Brown (BRO), up 1.8% after its second quarter earnings beat estimates... NQ Mobile (NQ), up 7.3% after saying it sees second quarter revenue exceeding $40M against estimates for $38.61M, and acquiring the remaining 45% stake in its Beijing NationSky subsidiary for $25.2M. DOWN AFTER EARNINGS: Cintas (CTAS), down 4%... Stanley Furniture (STLY), down 6.2%... Joe's Jeans (JOEZ), down 13.4% after earnings miss estimates and the company announces plans to buy Hudson Clothing for $97.6M. ALSO LOWER: Heidrick & Struggles (HSII), down 12.8% after the it's CEO will step down as the company announced it will pursue a standalone strategy after exploring strategic alternatives. The company also said it expects second quarter revenue to come in at the high end of its guidance range... Marathon Petroleum (MPC), down 3.4% after the company said it sees second quarter earnings below current estimates... Alpha Natural Resources (ANR), down 3.2% after the company's subsidiary Cumberland Coal suspended mine production due to adverse geological conditions... Berry Plastics (BERY), down 3.6% after the company gave a third quarter revenue view below estimates and filed to sell 15M shares of common stock for holders.
News For BRO;NQ;CTAS;JOEZ;HSII;MPC;ANR;BERY From The Last 14 Days
|November 30, 2015|
|19:17 EDT||NQ||On The Fly: After Hours Movers |
UP AFTER EARNINGS: Shoe Carnival (SCVL), up 1.4%. ALSO HIGHER: HF Financial (HFFC), up 18.6% after announcing merger agreement with Great Western Bancorp (GWB)... Mattress Firm (MFRM), up 7.1% after reporting its preliminary third quarter results and Sleepy's acquisition... Uniqure (QURE), up 2.5% after being initiated with a Buy at Janney Capital. DOWN AFTER EARNINGS: NQ Mobile (NQ), down 13.5% after reporting third quarter results and announcing that it will temporarily suspend the practice of providing revenue guidance. ALSO LOWER: Amsurg (AMSG), down after proposing an offering of 5.5M shares of common stock... Sunshine Heart (SSH), down 1.8% after announcing that its CEO David Rosa is leaving the company.
|19:13 EDT||NQ||NQ Mobile to temporarily suspend providing revenue guidance|
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|17:34 EDT||NQ||NQ Mobile reports Q3 EPS 1c vs 7c in Q314|
Reports Q3 revenue $87.9M, one estimate $111.5M. Gross profit in the third quarter of 2015 decreased 8.0% to $20.7M from $22.5M in the same period in 2014. Gross margin, or gross profit as a percentage of net revenues, was 23.6% in the third quarter of 2015, compared with 27.8% in the same period in 2014. Excluding the impact from hardware sales of the enterprise mobility business and associated costs, gross margin was 35.0% in the third quarter of 2015, down from 43.2% in the same period in 2014.
|14:52 EDT||MPC||EPA sets renewable fuel standards for 2014, 2015, 2016|
The EPA announced it is finalizing the volume requirements and associated percentage standards that apply under the RFS program in calendar years 2014, 2015, and 2016 for cellulosic biofuel, biomass-based diesel, advanced biofuel, and total renewable fuel. EPA is also finalizing the volume requirement for biomass-based diesel for 2017. The final 2016 standard for advanced biofuel is nearly 1 billion gallons, or 35 percent, higher than the actual 2014 volumes, while the total renewable standard requires growth from 2014 to 2016 of over 1.8 billion gallons of biofuel, or 11% higher than 2014 actual volumes. The EPA set the renewable fuel target for 2015 at 16.93B gallons and the 2016 target at 18.11B gallons. Companies involved in renewable fuel production include Pacific Ethanol (PEIX), Gevo (GEVO), Renewable Energy (REGI), FutureFuel (FF) and Amyris (AMRS). Publicly traded companies in the refiner space, which may be impacted by the EPA's renewable fuel standards, include Delek US (DK), HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO) and Western Refining (WNR). Reference Link
|10:00 EDT||HSII||On The Fly: Analyst Upgrade Summary|
Today's noteworthy upgrades include: Atwood Oceanics (ATW) upgraded to Buy from Neutral at Guggenheim... C&J Energy (CJES) upgraded to Buy from Neutral at Guggenheim... CARBO Ceramics (CRR) upgraded to Buy from Neutral at Guggenheim... Cameron (CAM) upgraded to Buy from Neutral at Guggenheim... Core Laboratories (CLB) upgraded to Buy from Neutral at Guggenheim... Diamond Offshore (DO) upgraded to Buy from Neutral at Guggenheim... Dril-Quip (DRQ) upgraded to Buy from Neutral at Guggenheim... Ensco (ESV) upgraded to Buy from Neutral at Guggenheim... FMC Technologies (FTI) upgraded to Buy from Neutral at Guggenheim... Fitbit (FIT) upgraded to Overweight from Equal Weight at Barclays... Forum Energy (FET) upgraded to Buy from Neutral at Guggenheim... Frank's International (FI) upgraded to Buy from Neutral at Guggenheim... General Dynamics (GD) upgraded to Overweight from Equal Weight at Barclays... Heidrick & Struggles (HSII) upgraded to Outperform from Market Perform at Barrington... Helmerich & Payne (HP) upgraded to Buy from Neutral at Guggenheim... Huaneng Power (HNP) upgraded to Neutral from Sell at UBS... Microsoft (MSFT) upgraded to Strong Buy from Market Perform at Raymond James... Nabors Industries (NBR) upgraded to Buy from Neutral at Guggenheim... National Oilwell (NOV) upgraded to Buy from Neutral at Guggenheim... New York Community Bancorp (NYCB) upgraded to Buy from Neutral at BofA/Merrill... Nissan (NSANY) upgraded to Buy from Neutral at Citi... Noble Corp. (NE) upgraded to Buy from Neutral at Guggenheim... Oceaneering (OII) upgraded to Buy from Neutral at Guggenheim... Oil States (OIS) upgraded to Buy from Neutral at Guggenheim... PNM Resources (PNM) upgraded to Overweight from Equal Weight at Barclays... Pacific Drilling (PACD) upgraded to Buy from Neutral at Guggenheim... Parsley Energy (PE) upgraded to Focus List from Outperform at Scotia Howard Weil... Patterson-UTI (PTEN) upgraded to Buy from Neutral at Guggenheim... Philip Morris (PM) upgraded to Neutral from Reduce at Nomura... Rowan Companies (RDC) upgraded to Buy from Neutral at Guggenheim... Sage Group (SGPYY) upgraded to Buy from Hold at Canaccord... Seventy Seven Energy (SSE) upgraded to Buy from Neutral at Guggenheim... Superior Energy (SPN) upgraded to Buy from Neutral at Guggenheim... Synchrony (SYF) upgraded on expected technical factors at BMO Capital... Transocean (RIG) upgraded to Buy from Neutral at Guggenheim... Wright Medical (WMGI) upgraded to Buy from Hold at Jefferies... Zayo Group (ZAYO) upgraded to Outperform from Neutral at Macquarie.
|08:30 EDT||BRO||Brown & Brown agrees to acquire assets of MBA Insurance Agency of Arizona|
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|08:03 EDT||HSII||Heidrick & Struggles upgraded to Outperform from Market Perform at Barrington|
Barrington analyst Kevin Steinke upgraded Heidrick & Struggles to Outperform citing continued progress in driving revenue growth and improving margins under CEO Tracy Wolstencroft. Steinke has an $33 price target for shares.
|November 25, 2015|
|07:36 EDT||MPC||Marathon Petroleum price target raised to $70 from $60 at Oppenheimer|
Oppenheimer expects Marathon to generate free cash flow of $1.6B this year and $0.7B next year, before acquisitions and share repurchases. The firm says the company's valuation is attractive, and it keeps an Outperform rating on the shares.
|November 18, 2015|
|06:58 EDT||NQ||NQ Mobile enters into binding agreement to sell Beijing Tianya |
NQ Mobile announced it has entered into a legally binding agreement to sell 100% of the equity interest in Beijing Tianya , which operates NQ Mobile's mobile health applications related business, to Tack Fiori International Group, a Cayman Islands company listed in Hong Kong, for an aggregate consideration of $40M. Beijing Tianya is a wholly owned subsidiary of Beijing NQ Technology Co., Ltd., NQ Mobile's consolidated affiliated entity in China. The company's board has approved both the transaction and the Agreement. The closing of the transaction is subject to the condition that Tack Fiori obtains the necessary approvals, including shareholder approval, to complete the transaction, as well as additional customary closing conditions, and the satisfaction and compliance of all relevant requirements under the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange Limited.
|November 17, 2015|
|06:32 EDT||MPC||MPLX and MarkWest combination receives further cash consideration from Marathon|
MPLX (MPLX) and MarkWest Energy (MWE) announced that, in connection with the anticipated combination of MPLX and MarkWest, Marathon Petroleum (MPC) has agreed to further increase the amount of the one-time cash consideration payable to MarkWest common unitholders to $6.20 per unit, up from the cash consideration previously announced on Nov. 10, 2015, of approximately $5.21 per unit. This cash consideration represents a significant enhancement to the initial July 13, 2015, offer which was approximately $3.37 per unit. Under the revised terms of the merger agreement announced today, which represents the best and final offer, MarkWest common unitholders will receive approximately $1.28 billion in total cash consideration and 1.09 MPLX common units per MarkWest common unit, for a total consideration of approximately $51.74 per MarkWest common unit, based on the closing price of MPLX's common units on Nov. 16, 2015. Three of MarkWest's largest unitholders, Kayne Anderson Capital Advisors, L.P., Tortoise Capital Advisors, L.L.C., and, as previously announced, The Energy & Minerals Group, which cumulatively represent more than 15 percent of MarkWest's outstanding units entitled to vote, have all entered into voting agreements to vote in favor of the transaction. The merger is also recommended by each of the boards of MPC, MPLX and MarkWest, and the executive management of both partnerships strongly support the transaction and its revised terms. The combination will create one of the largest master limited partnerships, which is expected to generate a mid-20 percent compound annual distribution growth rate through 2019. The transaction is subject to approval by MarkWest unitholders and other customary closing conditions and, subject to the satisfaction of those conditions, is expected to close in December 2015. The date of the special meeting of MarkWest common unitholders is Dec. 1, 2015. MarkWest unitholders of record as of Oct. 5, 2015, will be entitled to vote on approval of the merger and the associated proposals.