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Stock Market & Financial Investment News

News Breaks
August 18, 2014
06:27 EDTIR, CAMIngersoll Rand to acquire Cameron's centrifugal compressional division for $850M
Ingersoll-Rand (IR) announced it has entered into an agreement to acquire the assets of Cameron (CAM) Centrifugal Compression division for $850M. The acquisition is expected to close before the end of the year, subject to regulatory approval. The division provides centrifugal compression equipment and aftermarket parts and services for global industrial applications, air separation, gas transmission and process gas. Cameronís Centrifugal Compression division generated sales of approximately $400M in 2013, has approximately 850 employees and operates from 12 global locations. Ingersoll Rand plans to fund the acquisition through a combination of cash on hand and debt.
News For IR;CAM From The Last 14 Days
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July 29, 2015
08:04 EDTIRIngersoll-Rand outlook still positive, says Stifel
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07:22 EDTIRIngersoll-Rand results can improve in 2H15, says Bernstein
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July 28, 2015
16:53 EDTIROn The Fly: Top stock stories for Tuesday
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14:41 EDTIRHigh option volume stocks
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10:07 EDTIRHigh option volume stocks
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07:10 EDTIRIngersoll-Rand sees FY15 adjusted continuing ops EPS $3.66-$3.81
Consensus is $3.79. Based on a forecast of slow-to-moderate growth in worldwide construction and retrofit markets, and recovering but slow industrial markets for the remainder of the year, the company reaffirms its full-year guidance range for 2015 revenues and for adjusted EPS. Organic revenues, which exclude currency and acquisitions, for the full-year 2015 are expected to increase in the range of 4 to 5 percent. Full-year reported revenues are also expected to increase in the range of 4 to 5 percent compared with 2014. Full-year adjusted EPS from continuing operations are expected to be in the range of $3.66 to $3.81 with full-year reported continuing EPS expected to be $2.59 to $2.74, which now reflects the impact of the tax agreement as described on page three. Restructuring expenses are expected to approximate $0.05 per share. The forecast includes a tax rate of 25 percent for continuing operations and an average diluted share count for the full year of approximately 270 million shares. Free cash flow for full-year 2015 is expected to be in the range of $950 million to one billion dollars before the $375 million net payment associated with the IRS.
07:09 EDTIRIngersoll-Rand sees Q3 adjusted continuing ops EPS $1.15-$1.19, consensus $1.20
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07:08 EDTIRIngersoll-Rand reports Q2 adjusted continuing ops EPS $1.20, consensus $1.23
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July 27, 2015
15:03 EDTIRNotable companies reporting before tomorrow's open
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10:00 EDTCAMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADT Corp. (ADT) upgraded to Buy from Neutral at Citi... AGCO (AGCO) upgraded to Neutral from Sell at Goldman... Anthem (ANTM) upgraded to Buy from Neutral at Sterne Agee CRT... BNP Paribas (BNPQY) upgraded to Buy from Neutral at Goldman... Biogen (BIIB) upgraded on valuation at Bernstein... Box (BOX) upgraded to Overweight from Sector Weight at Pacific Crest... Capital One (COF) upgraded to Buy from Outperform at CLSA... Centene (CNC) upgraded to Buy from Neutral at UBS... Chesapeake (CHK) upgraded on potential sale of assets or company at SunTrust... Cigna (CI) upgraded to Buy from Neutral at Sterne Agee CRT... Deere (DE) upgraded to Neutral from Sell at Goldman... First BanCorp (FBP) upgraded to Buy from Neutral at Guggenheim... Flotek (FTK) upgraded on stronger demand at Oppenheimer... Lear (LEA) upgraded to Buy from Hold at Deutsche Bank... Methanex (MEOH) upgraded to Outperform from Sector Perform at Scotia Howard Weil... News Corp. (NWSA) upgraded to Outperform from Neutral at Macquarie... NextEra Energy Partners (NEP) upgraded to Outperform at Wells Fargo... OFG Bancorp (OFG) upgraded to Buy from Neutral at Guggenheim... PennyMac Mortgage (PMT) upgraded to Buy from Neutral at Compass Point... Pool Corp. (POOL) upgraded to Outperform from Market Perform at William Blair... Popular (BPOP) upgraded to Buy from Neutral at Guggenheim... Qualcomm (QCOM) upgraded to Overweight from Equal Weight at Morgan Stanley... Quality Systems (QSII) upgraded on valuation at RBC Capital... VF Corp. (VFC) upgraded to Buy from Neutral at Goldman... Ventas (VTR) upgraded on valuation, positive catalysts at BMO Capital... Weatherford (WFT) upgraded to Equal Weight from Underweight at Barclays... SS&C (SSNC) upgraded to Buy from Hold at Sandler O'Neill... Chemung Financial (CHMG) upgraded to Buy from Hold at Sandler O'Neill... Cameron (CAM) upgraded to Buy from Accumulate at Global Hunter.
09:27 EDTCAMCameron upgraded to Buy from Accumulate at Global Hunter
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July 23, 2015
09:52 EDTCAMCameron sees 2H15 subsea to be 'well above' 1H15 levels
Sees 2H15 surface segment to be lower than 1H15, although it says Q2 was low point for surface segment margins. Sees 2H15 drilling segment to be moderately lower than 1H15, with operating income to increase in remaining quarters. Sees FY15 corporate expenses $100M and FY15 interest expenses $140M.
09:50 EDTCAMCameron sees Q3 and Q4 revenue to be around Q2 levels
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09:45 EDTCAMCameron expects 2015 subsea orders to be at or above 2014 levels
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09:39 EDTCAMCameron announces 'significant' subsea order in the Gulf of Mexico
The company said it will give more information on the order in an upcoming press release. Announcement made in Q2 earnings conference call.
09:37 EDTCAMCameron says cyclical downturn continues to create uncertainty
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07:39 EDTCAMCameron believes pace of decline in customer spending begun to moderate
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07:38 EDTCAMCameron reports Q2 EPS excluding items 83c, consensus 77c
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July 22, 2015
15:26 EDTCAMNotable companies reporting before tomorrow's open
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09:34 EDTIRIngersoll-Rand debuts UP6S fixed speed rotary screw compressor solution
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