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Stock Market & Financial Investment News

News Breaks
February 28, 2013
07:42 EDTROP, WTS, ITT, TWIN, XYL, CR, NPOGabelli to hold a conference
23rd Annual Pump, Valve, & Energy Infrastructure Conference is being held in New York on February 28.
News For ITT;NPO;XYL;WTS;CR;TWIN;ROP From The Last 14 Days
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April 28, 2015
08:16 EDTTWINTwin Disc reports Q3 EPS 26c, consensus 14c
Reports Q3 revenue $60.94M, consensus $63.35M.
April 27, 2015
17:51 EDTCRCrane cuts FY15 sales decline to 6%-4% from decline of 4%-2%
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17:44 EDTCRCrane cuts FY15 EPS to $4.30-$4.50 from $4.45-$4.65, consensus $4.46
"Given the sustained strength of the U.S. dollar, we are updating our guidance to reflect foreign exchange rates as of the end of March, reducing full-year EPS expectations by 15c," said Crane.
17:42 EDTCRCrane reports Q1 adjusted EPS 92c, consensus $1.00
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09:10 EDTROPRoper Technologies says sees 'plenty of room' to make acquisitions
Says views Q1 as weakest quarter of the year. Sees Q3 as strong quarter for organic revenue growth. Says believes cash is best measure of performance. Says balance sheet leaves "plenty of room" to make acquisitions over the next 12-18 months. Sees "record" 2015. Comments made on the Q1 earnings conference call.
07:54 EDTROPRoper Technologies sees FY15 organic revenue growth 3%-5%
Looking to Q2-Q4, Roper says oil and gas markets "remain challenging," sees "flat to modest" growth in other served markets. Says FX headwind drives mid single digit segment decline for balance of year. Sees completion of Neptune Toronto project this summer. Sees weakness in Upstream fluid handling. Sees mid single digit organic growth for rest of year for RF Technology. Sees mid teens revenue growth for Medical Solutions segment for Q2-Q4. Raises FY15 operating cash flow view to >$925M from more than $900M. Sees FY15 organic revenue growth 3%-5%, tax rate 30%-31%. Assumes end of March FX rates will equate to FY15 EPS headwind of about (25c). Comments from slides that will be presented on the Q1 earnings conference call.
07:05 EDTROPRoper Technologies reports Q1 organic growth of 5%
07:05 EDTROPRoper Technologies sees Q2 EPS $1.59-$1.64, consensus $1.69
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07:04 EDTROPRoper Technologies raises FY15 EPS to $6.74-$6.95 from $6.70-$6.94
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07:04 EDTROPRoper Technologies reports Q1 adjusted EPS $1.55, consensus $1.52
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April 24, 2015
10:00 EDTITTOn The Fly: Analyst Downgrade Summary
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07:02 EDTITTITT Corp. downgraded to Hold from Buy at Deutsche Bank
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April 22, 2015
12:00 EDTNPOEnPro announces completion of $80M share repurchase program
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April 21, 2015
10:52 EDTNPOEnPro sees Q1 operating income $17.6M ex-losses, consensus 30c
EnPro Industries announced that its first quarter results will include a loss provision of $6.2M as a result of the effect of foreign exchange rates on Fairbanks Morse Engine’s euro-denominated contract with Electricite de France. Under the multi-year contract, signed in May 2014 and valued at EUR 89.2M, FME will provide engines for backup power for EDF’s French nuclear power facilities. Excluding the $6.2M loss provision, EnPro’s first quarter operating income is expected to be $17.6M, compared to $17.4M for the first quarter of 2014. Including the loss provision, EnPro’s first quarter operating income is expected to be $11.4M. Excluding the loss provision, EnPro’s Power Systems segment, which is composed of FME, is expected to report segment profit of $6.8M for the first quarter, compared to $3.3M in the first quarter of 2014. Including the loss provision, Power Systems’ first quarter 2015 segment profit is expected to be $0.6M. The loss provision on the EDF contract was not included in the company’s previously provided guidance for 2015. Since the contract was signed, the U.S. dollar has strengthened significantly against the euro, resulting in total U.S. dollar equivalent revenues, calculated at the exchange rate in effect at the end of the first quarter, falling below total projected U.S. dollar costs for the EDF contract. This evaluation is based upon the 2015 quarter-end U.S. dollar to euro exchange rate of $1.10. At the time the contract was signed, the exchange rate was $1.36. The evaluation of the impact of exchange rates on the contract will be updated on a quarterly basis for the duration of the contract. FME’s total euro-denominated sales and purchasing volumes, including the EDF contract, other engine programs and aftermarket parts are approximately balanced. At current exchange rates, the Company expects to benefit in the future from parts sourced in euros for other engine sales contracts and aftermarket parts that are denominated in U.S. dollars. However, pursuant to applicable accounting guidelines, each contract must be accounted for separately, and a loss on one contract cannot be offset against the future benefits to be realized on other contracts, even if driven by a common factor, in this case foreign exchange rates. EnPro’s full results for the first quarter will be communicated in the Earnings Release and conference call scheduled for April 30, and in the Quarterly Report on Form 10-Q to be filed on or about May 6.
April 20, 2015
18:34 EDTNPOEnPro sees Q1 operating income $17.6M ex-losses, consensus 30c
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April 14, 2015
10:14 EDTNPOEnPro management to meet with Oppenheimer
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10:01 EDTITTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AB InBev (BUD) initiated with a Neutral at Susquehanna... AMC Networks (AMCX) initiated with an Overweight at Piper Jaffray... Avery Dennison (AVY) initiated with a Hold at BB&T... Boston Beer (SAM) initiated with a Neutral at Susquehanna... Brocade (BRCD) initiated with a Neutral at Wedbush... Bunge (BG) initiated with an Overweight at Stephens... CIRCOR (CIR) initiated with a Speculative Buy at Global Hunter... Cabot Microelectronics (CCMP) initiated with a Buy at BB&T... Canadian Natural (CNQ) initiated with a Buy at GMP Securities... Cenovus Energy (CVE) initiated with a Hold at GMP Securities... China Distance Education (DL) initiated with a Buy at Brean Capital... Coca-Cola Enterprises (CCE) initiated with a Negative at Susquehanna... Coca-Cola (KO) initiated with a Negative at Susquehanna... Constellation Brands (STZ) initiated with a Neutral at Susquehanna... Discover (DFS) initiated with an Outperform at Wells Fargo... Dr Pepper Snapple (DPS) initiated with a Neutral at Susquehanna... Flex Pharma (FLKS) initiated with a Buy at H.C. Wainwright... Flowserve (FLS) initiated with a Neutral at Global Hunter... Goldman Sachs BDC (GSBD) initiated with a Neutral at BofA/Merrill... ITT Corp. (ITT) initiated with an Accumulate at Global Hunter... Intra-Cellular (ITCI) initiated with an Outperform at RBC Capital... Keurig Green Mountain (GMCR) initiated with a Positive at Susquehanna... Microsemi (MSCC) initiated with a Buy at Topeka... Molson Coors (TAP) initiated with a Positive at Susquehanna... Monster Beverage (MNST) initiated with a Neutral at Susquehanna... New Oriental Education (EDU) initiated with a Hold at Brean Capital... OM Group (OMG) initiated with a Buy at BB&T... Pattern Energy (PEGI) initiated with a Buy at Citigroup... Pentair (PNR) initiated with a Neutral at Global Hunter... PepsiCo (PEP) initiated with a Positive at Susquehanna... Ply Gem (PGEM) initiated with an Overweight at KeyBanc... SodaStream (SODA) initiated with a Positive at Susquehanna... Splunk (SPLK) initiated with an Outperform at Baird... SteadyMed (STDY) initiated with an Outperform at JMP Securities... Suncor (SU) initiated with a Hold at GMP Securities... SuperCom (SPCB) initiated with a Buy at B. Riley... TAL Education (XRS) initiated with a Buy at Brean Capital... Tarena (TEDU) initiated with a Buy at Brean Capital... Ulta Salon (ULTA) initiated with a Buy at Evercore ISI... Versartis (VSAR) initiated with a Buy, $50 target at SunTrust... WisdomTree (WETF) initiated with a Market Perform at Keefe Bruyette... uniQure (QURE) initiated with a Buy at Roth Capital.
08:27 EDTCRPrivate equity business model strong, results likely strong, says Oppenheimer
Oppenheimer's analyst says that private equity's business model is the best one he has seen in 30 years of following financial stocks. The firm expects most of the companies in the sector to report strong Q1 results, and predicts that investors will gain confidence in the sustainability of private equity firms' businesses. Oppenheimer identifies Crane (CR) and KKR (KKR) as its favorite names in the sector.
06:57 EDTITTITT Corp. initiated with an Accumulate at Global Hunter
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