Month: April 2017

Machinery company DXP Enterprises, Inc. DXPE reported impressive bottom-line results for fourth-quarter 2016. The company’s earnings came in at 42 cents per share, considerably above the Zacks Consensus Estimate of 3 cents […]

Acuity Brands, Inc. AYI is slated to announce second-quarter fiscal 2017 results on Apr 4, before the opening bell. […]

According to recent reports, BP plc BP and Accsys Technologies – through its subsidiaries Tricoya Technologies Limited (“TTL”) and Medite – have announced the formation of a consortium, Tricoya Ventures UK Limited (“TVUK”). BP, through its petrochemicals and venturing businesses, will invest more than $25 million in TTL and TVUK over a two year period. […]

Baton Rouge, LA-based Amedisys Inc. AMED , a household name in home health and hospice services space, is continuing its acquisition spree. The company recently signed a definitive agreement to buy substantially all of the assets of a Knoxville, TN-based personal care provider, East Tennessee Personal Care Service […]

Shares of Louisiana-Pacific Corporation LPX scaled a new 52-week high of $24.96 on Mar 31. The homebuilding company’s stock has risen 31% year to date, outperforming the Zacks categorized Building Products – Wood ’s gain of 11.5%. What’s Driving It […]

In an effort to slash production capacity in the wake of dropping sales, Caterpillar Inc. CAT is closing its machine production plant in Aurora and will shift production to other sites. […]

Domestic energy explorer Cabot Oil & Gas Corp. COG was relieved when the U.S. Magistrate Judge Martin C […]

Investors generally have a fixation for the price-to-earnings (P/E) strategy while seeking stocks trading at attractive prices. This straight-forward, easy-to-calculate ratio is the most preferred among the valuation metrics in the investment toolkit for working out the fair market value of a stock. But even this ubiquitously used valuation metric is not without its pitfalls. […]

Lockheed Martin Corp. ’s LMT Aeronautics business unit secured a modification contract for providing air vehicle initial spares to support the air vehicle delivery schedule for the U.S. […]

Seasoned investors always look for a plan that is likely to yield high returns irrespective of market conditions. Efficiency level, which measures a company’s capability to transform its available input into output, is often considered to be an important parameter to find out whether a company has the potential to rake in handsome returns. […]

Chinese energy giant PetroChina Co. Ltd. […]

Premium motion and control technologies provider, Parker-Hannifin Corporation ’s PH O-Ring Division has been renamed Parker O-Ring & Engineered Seals Division, following the consolidation of its Engineered Material Group. The unification of the businesses reflects the company’s business realignment action, which when combined with the simplification initiative, is expected to boost manufacturing footprint. This newly named division comprises a diverse array of sealing solutions and services offered by Parker-Hannifin. […]

Financial stocks remained a favorite among investors over the last three months. One such major banking stock – Bank of America Corporation BAC – jumped 6.8% in first-quarter 2017. It significantly outpaced the Zacks categorized Major Regional Banks industry’s gain of 1.6%. […]

Eni SpA E recently announced that it has inked a sale and purchase agreement with Eneco. The deal facilitates the latter to purchase a 100% stake of Eni gas & power NV/SA along with its subsidiary, Eni Wind Belgium NV/SA. […]