Stock Analysts

Ascena Expands with 3 New Lane Bryant Outlets

Lane Bryant, a brand of Ascena Retail Group Inc. ( ASNA ), continues to expand its store base with the opening of three new stores last week. The brand’s latest outlets were inaugurated at South Hills Village in Pittsburgh, PA; Camelback Colonnade in Phoenix, AZ; and Evergreen Marketplace in Evergreen Park, IL. […]

Stock Analysts

Reliance Steel (RS) Snaps Up Northern Illinois Steel Supply

Reliance Steel ( RS ) has acquired Illinois-based steel and metal products distributor Northern Illinois Steel Supply Co. The financial terms of the deal were not disclosed. Northern Illinois Steel fabricates and distributes a range of steel and non-ferrous metal products, mainly structural steel components and parts […]

Stock Analysts

CBRE Acquires Australian Firm, Buying Spree Goes On

To capitalize on the growing opportunities in the Pacific region and add strength to its corporate real estate services platform, CBRE Group, Inc. ( CBG ) has acquired Australian firm Paragon Project Management Pty Ltd. The acquisition also brings on board Paragon’s national team of 26 experts […]

Stock Analysts

Is Cablevision Systems (CVC) Poised for Strong Q2 Earnings?

We expect Cablevision Systems Corporation ( CVC ) to beat earnings when the company reports its second quarter financial numbers on Aug 5, 2014, before the opening bell. Last quarter, the company’s earnings surpassed the Zacks Consensus Estimate by a substantial 150%. Moreover, the company has outpaced the Zacks Consensus Estimate in three of the past four quarters, with an average earnings surprise of 88.8% […]

Stock Analysts

Amsurg Misses Q2 Earnings, Revenues, Shares Dip Marginally

Tennessee-based healthcare provider Amsurg Corp. ( AMSG ) reported adjusted earnings per share (EPS) of 63 cents from continuing operations, reflecting an 8.6% rise from the year-ago figure of 58 cents. However, the adjusted EPS figure missed the Zacks Consensus Estimate by a penny although it was within the company’s second-quarter guidance range of 61−64 cents […]

Stock Analysts

Kohlberg Kravis Raises Takeover Bid of Treasury Wines by 11%

Kohlberg Kravis Roberts & Co. ( KKR ) and Rhone Group LLC have raised the takeover bid for Australia-based global wine-making and distribution company Treasury Wines Estate, by nearly 11% to $3.2 billion. The new offer surely stands a chance to be reconsidered by the vintner, which had rejected the earlier offer on the pretext of it being too low. […]

Stock Analysts

Scientific Games (SGMS) Set to Buy Bally Tech for $3.3B

Scientific Games Corp ( SGMS ) recently announced that it will acquire slot-machine maker, Bally Technologies ( BYI ) for $3.3 billion in cash. The company is paying $83.30 per share, which is 38.4% premium to Bally’s closing price of $60.17 on Jul 31, 2014. Including refinancing of Bally’s existing net debt, the purchase price would amount to $5.1 billion […]