Month: November 2012

Mergers & Acquisitions

The Sterling Group Completes the Sale of Velcon Filters, LLC to Parker Hannifin Corporation

November 1, 2012 0

The Sterling Group Completes the Sale of Velcon Filters, LLC to Parker Hannifin Corporation PR Newswire HOUSTON, Nov. 1, 2012 HOUSTON , Nov. 1, 2012 /PRNewswire/ — The Sterling Group, a middle market private equity firm based in Houston, Texas , today announced that they have finalized the sale of their portfolio company, Velcon Filters, LLC to Parker Hannifin Corporation (NYSE: PH). […]

Stock Analysts

Earnings Preview: hhgregg, Inc. (BBY) (HGG)

November 1, 2012 0

hhgregg, Inc ( HGG ), a specialty retailer of consumer and other home products, is all set to unveil its second quarter 2013 results on November 2, 2012, before market opens. The Zacks Consensus Estimate for second quarter is pegged at 9 cents (estimated year-over-year growth of 50.0%) on revenues of $640 million (year-over-year increase of 17.9%). First Quarter 2013 Recap hhgregg, Inc’s adjusted loss of 16 cents per share in the first quarter of 2013 was narrower than the Zacks Consensus Estimate by a penny […]

Upgrades

ORIENTAL FINL (OFG) Upgraded by Zacks to OUTPERFORM

November 1, 2012 0

Zacks Investment Research upgraded shares of ORIENTAL FINL (OFG) from NEUTRAL to OUTPERFORM on November 01, 2012, with a target price of $12.70. Oriental Financial Group provides a wide variety of financial services through a full-service commercial bank with its main office located in San Juan, Puerto Rico and sixteen branches located throughout Puerto Rico. The Bank directly or through its broker-dealer subsidiary, Oriental Financial Services Corp., offers commercial and consumer leasing, consumer lending, investment, money management and brokerage services, corporate and individual trust services and mortgage lending […]

Upgrades

CRESCENT FINL (CRFN) Upgraded by Zacks to OUTPERFORM

November 1, 2012 0

Zacks Investment Research upgraded shares of CRESCENT FINL (CRFN) from NEUTRAL to OUTPERFORM on November 01, 2012, with a target price of $5.60. Crescent Financial Corporation is a bank holding company. They conduct almost all of their business through Crescent State Bank, which is in the commercial banking business. […]

Upgrades

KADANT INC (KAI) Upgraded by Zacks to OUTPERFORM

November 1, 2012 0

Zacks Investment Research upgraded shares of KADANT INC (KAI) from NEUTRAL to OUTPERFORM on November 01, 2012, with a target price of $26.40. Kadant Inc. is a leading supplier of a range of products and systems for the global papermaking and paper-recycling industries, including de-inking systems, stock-preparation equipment, water-management systems, and papermaking accessories […]

Upgrades

PC CONNECTION (PCCC) Upgraded by Zacks to NEUTRAL

November 1, 2012 0

Zacks Investment Research upgraded shares of PC CONNECTION (PCCC) from UNDERPERFORM to NEUTRAL on November 01, 2012, with a target price of $10.50. PC Connection, Inc. is a direct marketer of brand-name personal computers and related peripherals, software, and networking products to business, education, government, and consumer end users located primarily in the United States. […]

Stock Analysts

Spectra’s 3Q Lags on Lower Prices (EPD) (SE)

November 1, 2012 0

Premier natural gas company Spectra Energy Corp. ( SE ) reported third-quarter 2012 earnings per share from continuing operations of 27 cents, lagging the Zacks Consensus Estimate of 31 cents. The quarterly figure also dropped 29% from the year-earlier profit of 38 cents. […]

Stock Analysts

American Axle Misses Ests (AXL) (GM)

November 1, 2012 0

American Axle and Manufacturing Inc. ( AXL ) reported a profit of $5.2 million or 7 cents per share in the third quarter of 2012, down significantly by 86% from $38.3 million or 50 cents in the year-ago quarter. The third-quarter 2012 results excluded impacts of debt refinancing and redemption costs of $10.1 million or 14 cents and restructuring costs of $3.2 million or 4 cents while 2011 results excluded asset impairments and other non-recurring operating costs of $11.9 million or 15 cents and special charges of $1.6 million or 2 cents. […]

Stock Analysts

Teradata Reports Mixed 3Q (ORCL) (TDC)

November 1, 2012 0

Teradata Corp. ( TDC ) reported strong third quarter 2012 results, with earnings of 65 cents per share beating the Zacks Consensus Estimate by a couple of cents. Quarter Details Revenue increased 7.0% year over year (10% on a constant currency basis) to $647.0 million […]

Downgrades

ASSURED GUARNTY (AGO) Downgraded by Zacks to NEUTRAL

November 1, 2012 0

Zacks Investment Research downgraded shares of ASSURED GUARNTY (AGO) from OUTPERFORM to NEUTRAL on November 01, 2012, with a target price of $16.00. Assured Guaranty is a Bermuda-based holding company providing credit enhancement products to the municipal finance, structured finance and mortgage markets. Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day […]

Downgrades

AMER SCI & ENG (ASEI) Downgraded by Zacks to NEUTRAL

November 1, 2012 0

Zacks Investment Research downgraded shares of AMER SCI & ENG (ASEI) from OUTPERFORM to NEUTRAL on November 01, 2012, with a target price of $69.70. American Science and Engineering, Inc. is engaged in developing, deploying, and supporting X-ray systems, AS&E's cargo, parcel, and personnel inspection systems. […]

Upgrades

BANCO SANT -ADR (BSAC) Upgraded by Zacks to NEUTRAL

November 1, 2012 0

Zacks Investment Research upgraded shares of BANCO SANT -ADR (BSAC) from UNDERPERFORM to NEUTRAL on November 01, 2012, with a target price of $27.90. Banco Santiago is the largest bank in Chile, in terms of assets with Ch$4,088 billion (approximately US$9.86 billion ) as of March 31, 1997. The bank is the result of the merger of two of the largest institutions in the Chilean banking system, Banco O'Higgins S.A., mainly a corporate bank, and Banco de Santiago S.A., mainly focused in consumer and middle-market lending […]

Upgrades

H&E EQUIP SVCS (HEES) Upgraded by Zacks to NEUTRAL

November 1, 2012 0

Zacks Investment Research upgraded shares of H&E EQUIP SVCS (HEES) from UNDERPERFORM to NEUTRAL on November 01, 2012, with a target price of $15.60. H&E Equipment Services, Inc. is one of the largest integrated equipment services companies in the United States with full-service facilities throughout the Intermountain, Southwest, Gulf Coast & Southeast regions of the United States […]