Month: September 2017

July housing data indeed reflects a soft housing momentum for the time being. Nevertheless, the 2017 outlook for homebuilding seems to be solid given strong economic growth and labor market. The U.S. […]

Laboratory Corporation of America Holdings LH or LabCorp recently announced the successful closure of the acquisition of Chiltern International Group Limited, a specialty CRO (contract research organization). Earlier, the company had entered into a definitive agreement with Chiltern’s shareholders to purchase the company for an all-cash transaction valued at roughly $1.2 billion. LabCorp expects Chiltern to generate 2017 revenues of roughly $550 million and adjusted earnings before interest, taxes, depreciation and amortization of around $95 million. […]

Kronos Worldwide, Inc. KRO recently announced plans to offer €400 million in total principal amount of senior secured notes due 2025 in a private offering, subject to market conditions. […]

Dave & Buster’s Entertainment, Inc. PLAY is scheduled to report second-quarter fiscal 2017 numbers on Sep 5, after market close. We expect the company to beat expectations […]

In line with its store expansion strategy DICK'S Sporting Goods DKS recently announced plans to open 10 stores. These openings will comprise eight new flagship stores and two Field & Stream stores across six states during the first half of September. […]

John Wiley & Sons Inc. JW.A is scheduled to report first-quarter fiscal 2018 financial numbers before the opening bell on Sep 7. […]

Oil refining and marketing giant Marathon Petroleum Corporation MPC recently divested some of its pipelines and storage assets to MPLX LP MPLX . The move helped Marathon Petroleum to garner proceeds of $1.05 billion from its master limited partnership, which it had spun off in 2012. […]

We issued an updated research report on premium steel & iron firm, Gibraltar Industries, Inc. ROCK on Sep 4. […]

On Sep 4, we issued an updated the research report on Waste Connections, Inc. WCN . Driving Factors Waste Connections is an integrated solid waste services company that provides waste collection, transfer, disposal and recycling services across the United States and Canada […]

On Sep 1, we issued an updated research report on GNC Holdings, Inc. GNC , a leading global specialty retailer of products for health and wellness, including vitamins, minerals, herbal supplement, sports nutrition and diet. The company currently carries a Zacks Rank #3 (Hold) […]

Investors flock to a business that reports profits on a regular basis. And to gauge the extent of profit there is no better metric than the net profit margin. A proper analysis of the same reveals how efficiently a company is run. […]

Shares of PayPal Holdings, Inc. PYPL hit a new 52-week high of $62.23 on Sep 1, eventually closing at $61.46. The stock has returned 65.3% in a year and approximately 55.7% year to date […]

CIBC CM recently announced the completion of the buyout of Geneva Advisors, a Chicago-based private wealth management firm. The transaction is expected to be accretive to CIBC’s earnings in fiscal 2019. Details of the Deal Per the terms disclosed in July 2017, the deal is valued at $200 million. […]

Aon plc AON has signed a definitive agreement to acquire The Townsend Group, majority stake of which is owned by Colony NorthStar, Inc., a leading global real estate and investment management firm. The deal, valued at nearly $475 million, is likely to close over the next six months. Townsend is a leading provider of global investment management and advisory services with primary focus on real estate. […]

Global data center service provider Equinix Inc. EQIX recently announced plans of its public offering of €750 million aggregate principal amount of senior notes. The notes are slated for maturity in 2025 […]

Costco Wholesale Corporation COST continued with solid comparable-store sales (comps) trend amid a tough retail landscape. Major chains are grappling with sluggish store and mall traffic as consumers switch to online shopping. […]

Eaton Corporation ’s ETN extensive market reach, consistent cash flow generation, share buybacks, excellent restructuring initiatives and prudent product innovation are expected to drive its performance. Retaining this Zacks Rank #3 (Hold) stock in your portfolio now is a good idea, given the following positive factors. Positive Growth Projections: The Zacks Consensus Estimate for earnings is $4.61 on revenues of $20.19 billion for 2017 […]

The Buckle, Inc. ’s BKE soft comparable-store sales (comps) performance has been a concern for investors. Comps for the four-week period ended Aug 26, 2017 declined 7.9% year over year. […]

Interactive Brokers Group, Inc. ’s IBKR Electronic Brokerage segment reported a year-over-year increase in Daily Average Revenue Trades (DARTs) for August 2017. The segment deals in clearance and settlement of trades for individual and institutional clients globally. […]

Shares of Westlake Chemical Corporation WLK have gained around 10% over the past month. The company has also outperformed its industry ’s gain of 7% to over the same time frame. Westlake Chemical, which has a market cap of roughly $10 billion, is a vertically integrated manufacturer and supplier of petrochemicals, polymers and fabricated products […]