Month: May 2014

Stock Analysts

Public Storage Q1 FFO Misses on Cold Winter

May 2, 2014 0

Self-storage real estate investment trust (REIT) – Public Storage ( PSA ) – reported core FFO (funds from operations) of $1.80 per share, missing the Zacks Consensus Estimate of $1.86 per share. Results reflect higher expenses tied to snow removal and utilities in the cold weather as well as increased property tax expense. Nevertheless, aided by an increase in revenue, core FFO per share registered a 9.1% rise from $1.65 reported in the prior quarter […]

Stock Analysts

Fluor Misses on Q1 Earnings and Revs

May 2, 2014 0

Fluor Corporation ( FLR ) reported first-quarter 2014 results yesterday on May 1, after market closed. The company reported first-quarter net earnings of $149 million or 92 cents per share, missing the Zacks Consensus Estimate of 96 cents by 4.2%. Quarterly earnings were also down 9.8% year over year. […]

Stock Analysts

Akamai Beats on Q1 Earnings, Revs; Outlook Strong

May 2, 2014 0

Akamai Technologies, Inc. ( AKAM ) reported first-quarter 2014 earnings of 47 cents per share (including stock-based compensation expense and amortization of capitalized stock-based compensation but excluded all other non-recurring items and related tax impact), which increased 14.2% year over year and beat the Zacks Consensus Estimate by 3 cents. The year-over-year growth was primarily driven by robust revenue and margin expansion in the quarter […]

Mergers & Acquisitions

Silver Oak Services Partners Leads Acquisition Of iSystems

May 2, 2014 0

Silver Oak Services Partners Leads Acquisition Of iSystems PR Newswire EVANSTON, Ill., May 2, 2014 EVANSTON, Ill. , May 2, 2014 /PRNewswire/ — Silver Oak Services Partners, a lower middle market private equity firm focused exclusively on service businesses, announced today that it has made an investment in iSystems LLC (“iSystems”) in partnership with the founders and management. iSystems, headquartered in Colchester, VT , is a leading national Software as a Service (“SaaS”) provider of payroll, tax and HR management software for service bureaus including independent payroll processors, banks and CPAs. […]

Stock Analysts

Southwestern Energy Posts Strong Q1 Earnings

May 2, 2014 0

Independent natural gas operator, Southwestern Energy Co. ( SWN ) reported robust first-quarter 2014 results, owing to a significant increase in production along with higher natural gas prices. Southwestern reported adjusted earnings of 66 cents per share, surpassing the Zacks Consensus Estimate of 63 cents and the prior-year quarter’s earnings of 42 cents […]

Upgrades

SENOMYX INC (SNMX) Upgraded by Zacks to NEUTRAL

May 2, 2014 0

Zacks Investment Research upgraded shares of SENOMYX INC (SNMX) from UNDERPERFORM to NEUTRAL on May 02, 2014, with a target price of $7.70. Senomyx is using proprietary taste receptor technologies to discover and develop novel flavor ingredients. These include new flavors such as Savory Flavors and Cooling Flavors, as well as flavor modulators such as Bitter Blockers and enhancers of Sweet and Salt tastes […]

Upgrades

COMPASS MINERLS (CMP) Upgraded by Zacks to OUTPERFORM

May 2, 2014 0

Zacks Investment Research upgraded shares of COMPASS MINERLS (CMP) from NEUTRAL to OUTPERFORM on May 02, 2014, with a target price of $94.60. Compass Minerals is the largest producer of rock, or highway deicing, salt in North America and the United Kingdom and operates the largest highway deicing salt mines in these regions. […]

Upgrades

OFG BANCORP (OFG) Upgraded by Zacks to NEUTRAL

May 2, 2014 0

Zacks Investment Research upgraded shares of OFG BANCORP (OFG) from UNDERPERFORM to NEUTRAL on May 02, 2014, with a target price of $17.90. OFG Bancorp is a financial holding company that conducts its business activities through its subsidiaries, primarily in Puerto Rico. […]

Stock Analysts

Q1 Earnings Beat at Western Union, Outlook Retained

May 2, 2014 0

The Western Union Company ( WU ) reported first-quarter 2014 operating earnings of 37 cents per share, higher than the Zacks Consensus Estimate of 35 cents but in line with the year-ago quarter number. Western Union's total revenue of $1.35 billion was up 2% on a year-over-year basis, and increased 4% on a constant currency basis. The improvement came on the back of benefits from the previously implemented consumer money transfer pricing actions, and the investments in Digital and in Business Solutions […]