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Stock Market & Financial Investment News

News Breaks
April 8, 2014
11:41 EDTUSTR, ODP, GPCUnited Stationers down after Genuine Parts unit wins Office Depot contract
Shares of United Stationers (USTR) are moving lower after Office Products International, a publication for the office products industry, reported yesterday that S.P. Richards confirmed it won the first-call wholesale business for Office Depot (ODP) in the U.S. United Stationers and S.P. Richards, a unit of Genuine Parts (GPC), are both suppliers to Office Depot. Shares of United Stationers are down 4% to $38.08 in morning trading. Shares of Genuine Parts are up 1% to $85.63.
News For USTR;ODP;GPC From The Last 14 Days
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October 22, 2014
16:24 EDTUSTRUnited Stationers reports Q3 EPS 98c, consensus 99c
Reports Q3 revenue $1.42B, consensus $1.34B.
October 20, 2014
11:32 EDTGPCGenuine Parts narrows FY14 EPS view to $4.56-$4.60 from $4.54-$4.60
Consensus is $4.60. Now sees FY14 total company revenue growth 8%, up from previous 7%-8% view, consensus is $15.18B. Now sees FY14 automotive revenue growth closer to 8% from 7%-8% view. Sees Q4 margins approaching 30% range, says has gradual expectation of margin expansion in 2015. Says focused on operating margin expansion. Sees interest expense $24M-$25M for FY. Sees FY tax rate in the 36% range. Says "comfortable" with cash position at September 30. Sees FY cash from operations $900M. Sees FY free cash flow $425M-$450M. Says first priority for cash is dividend; says will also use cash to repay debt, acquisitions, repurchases. Says will look to maintain dividend payout ratio ahead. Sees CapEx picking up further over balance of year. Says targeting bolt-on acquisitions in the $25M-$125M revenue range. Says expects to remain active in share buybacks. Comments made on the Q3 earnings conference call.
09:01 EDTODPOffice Depot stores now accept Apple Pay
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08:55 EDTGPCGenuine Parts reports Q3 EPS $1.24, consensus $1.24
Reports Q3 revenue $3.99B, consensus $3.93B.
October 17, 2014
14:19 EDTGPCGenuine Parts technical comments ahead of results
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October 16, 2014
09:32 EDTODPOffice Depot: European restructuring plan includes reduction of 1,100 positions
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October 10, 2014
10:01 EDTGPCOn The Fly: Analyst Upgrade Summary
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06:59 EDTGPCGenuine Parts upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Genuine Parts to Overweight after assuming coverage of the stock and raised its price target for shares to $100 from $98. The firm expects continued increases in the company's dividend and says NAPA has outperformed the market for the last three quarters.

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