Month: February 2017

On Feb 28, we issued an updated research report on The Procter & Gamble Company PG — a branded consumer products company which has presence in more than 180 countries. Positives Procter & Gamble shares gained around 13.2% in the last one year, outperforming the 11.9% gain of the Zacks categorized Soap & Cleaning Preparations industry as well as the 8.7% growth of the Zacks Consumer Staples sector over the said period. The company recently released its second-quarter fiscal 2017 results wherein its earnings and revenues exceeded expectations by 1.9% and 0.3%, respectively, with broad-based organic sales growth and cost savings […]

The CEOs of most of the companies in the Dow Jones industrial average have seen huge increases in their worth, with the blue-chip index continuing its record winning streak. The index, in fact, has seen a huge rally since the Presidential election, crossing the psychologically mark of 20,000 and now stands within a striking distance of 21,000. […]

Pipeline operator TC PipeLines LP TCP reported fourth-quarter 2016 earnings per unit (EPU) of 70 cents that missed the Zacks Consensus Estimate of 73 cents. Also, the figure deteriorated from 79 cents per unit recorded in the year-ago quarter. Quarterly transmission revenues of $91 million missed the Zacks Consensus Estimate of $132 million […]

We issued an updated research report on the premium meat products company, Hormel Foods Corporation HRL , on Feb 27, 2017. Since the release of first-quarter fiscal 2017 earnings on Feb 23, shares of this Zacks Rank #3 (Hold) stock recorded a loss of 1.81% – broader than the loss of 0.89% incurred by the Zacks categorized Food-Meat Products industry. […]

Sony Corporation ’s SNE virtual reality system for PlayStation4 – PlayStationVR (PS VR) – has been garnering unprecedented sales since its release in October, braving the market odds which have been hurting other business lines for long. As on Feb 19, 2017, Sony Interactive Entertainment (SIE), the gaming division of the company, reported that it had sold 915,000 PS VR units in the four months following its launch. This impressive sale performance is pretty satisfying for the company, which had estimated around unit sales of about a million in the first six months […]

Information technology firm, Unisys Corporation UIS recently collaborated with Air New Zealand, the national airline of the country, to offer Cargo Portal Services (CPS) for its current and prospective freight forwarder clients. The collaboration is a natural extension of the long-serving ties of Unisys with the airline company. Air New Zealand has been using its cloud-based Logistics Management System to manage the air cargo business since 2010 […]

On Feb 28, Zacks Investment Research updated the research report on leading comprehensive waste management services provider Waste Management Inc. WM . […]

Electronics and IT distributor Avnet Inc. AVT recently completed the divesture of its Technology Solutions business to Tech Data Corporation TECD for approximately $2.645 billion. […]

Scientific Games Corporation SGMS is expected to report fourth-quarter 2016 results on Mar 2. Last quarter, it posted a negative earnings surprise of 25.56%. Scientific Games has posted positive earnings surprises in three of the trailing four quarters, resulting in an average positive earnings surprise of 13.88% […]

Oil and natural gas driller, Ensco plc ESV reported diluted fourth-quarter 2016 earnings of 9 cents a share (excluding one-time items), which surpassed the Zacks Consensus Estimate of 5 cents. The figure, however, decreased from 92 cents a share earned in the year-earlier quarter. The decline was mainly attributable to lower revenues from the floater and jackups segments. […]

In sync with its plan to expand insurance business, Fifth Third Insurance Agency Inc., an indirect, wholly owned subsidiary of Fifth Third Bancorp FITB announced a deal to acquire R.G. McGraw Insurance Agency Inc., who provides property and casualty insurance as well as risk management analysis. The transaction is anticipated to close early next month. […]

Tenet Healthcare Corp. ( THC ) reported fourth-quarter 2016 operating earnings of 6 cents per share that missed the Zacks Consensus Estimate of 20 cents by 70%. Also, the bottom line deteriorated 62.5% year over year due to lower revenue generation. […]