Mergers & Acquisitions

Reign Sapphire Corporation Signs Binding Letter of Intent to Acquire 100% of the Assets of Custom Jewelry Company Coordinates Collection Inc.

Reign Sapphire Corporation Signs Binding Letter of Intent to Acquire 100% of the Assets of Custom Jewelry Company Coordinates Collection Inc. PR Newswire BEVERLY HILLS, Calif., November 7, 2016 BEVERLY HILLS, Calif. , November 7, 2016 /PRNewswire/ — Reign Sapphire Corporation, (OTCQB: RGNP) (“Reign” or the “Company”), the first mine-gate to customer jewelry company to sell branded Australian Sapphire Jewelry direct to consumers, today announced the it has signed a binding letter of intent to acquire 100% of the assets of custom jewelry company, Coordinates Collection Inc. […]

Stock Analysts

SM Energy (SM) Incurs Narrower-than-Expected Loss in Q3

Independent oil and gas company, SM Energy Company SM posted third-quarter 2016 adjusted loss of 37 cents per share, significantly narrower than the Zacks Consensus Estimate of a loss of 63 cents. However, the quarterly loss was wider than a loss of 34 cents per share incurred in the year-ago quarter. […]

Stock Analysts

TC PipeLines (TCP) Beats Q3 Earnings on Solid Asset Base

Pipeline operator TC PipeLines LP TCP reported third-quarter 2016 earnings per unit (EPU) of 65 cents that beat the Zacks Consensus Estimate of 61 cents. The figure, however, deteriorated from 70 cents recorded in the year-ago quarter. Higher transportation demand, solid performance by the partnership’s existing asset base along with synergies from the acquisition of Portland Natural Gas Transmission System (“PNGTS”) drove the results in the quarter […]

Stock Analysts

Clovis (CLVS) Stock Up on Narrower-than-Expected Q3 Loss

Clovis Oncology, Inc, CLVS reported third-quarter 2016 loss of $1.70 per share, narrower than both the Zacks Consensus Estimate of a loss of $1.89 and the year-ago loss of $2.62. The company’s shares gained 4.6% following its third-quarter release. With no approved product in its portfolio yet, Clovis did not generate any revenue in the reported quarter, as was the case a year ago. […]

Stock Analysts

Clorox (CLX) at 52-Week Low: What Weighed Upon the Stock?

Consumer goods behemoth, The Clorox Company CLX , which was in the green zone for long, is now seeing its shares fall. Evidently, this Zacks Rank #4 (Sell) stock has lost 6.8% over the past one month and 2.1% since reporting lower-than-expected earnings for the first quarter of fiscal 2017 last week. Well, the stock was more in the limelight when it hit a 52-week low of $113.26 on the last trading day, which also marked its closing price for that session […]

Stock Analysts

Agrium (AGU) Posts Loss in Q3, Shareholders Approve Merger

Agrium Inc. AGU posted net loss (attributable to its equity holders) of $41 million or 29 cents per share in the third quarter of 2016, as against net earnings of $101 million or 72 cents per share recorded a year ago. The bottom line in the reported quarter was hurt by weaker selling prices across all nutrients, low demand for crop protection products due to low pest and disease pressure in U.S., delayed harvest in North America, and a one-time cost related to the company’s proposed merger with Potash Corporation of Saskatchewan Inc. […]

Momentum Stocks

Bear of the Day: Eaton (ETN)

Eaton Corporation (ETN) has slipped to a Zacks #5 Rank (Strong Sell) after another round of downward EPS estimate revisions. The analyst moves came after a disappointing Q3 report where operating earnings per share of $1.15 were a penny higher than the Zacks consensus but Eaton’s total revenue came in at $4.99 billion, lagging the consensus of $5.05 billion by 1.2%. […]

Mergers & Acquisitions

Live Ventures Incorporated Announces Closing of $60M Acquisition Backed by Texas Capital Bancshares and Capitala Group

Live Ventures Incorporated Announces Closing of $60M Acquisition Backed by Texas Capital Bancshares and Capitala Group Company Anticipates Net Income to Increase by $12M-$14M ($0.72 to $0.84 per share) Annually as it Acquires 100 Percent of 36-Year-Old Entertainment Retailer, Vintage Stock, Inc. PR Newswire LAS VEGAS, Nov. 7, 2016 LAS VEGAS , Nov […]