Month: February 2018

Building on the sector's second annual gain in a row, energy stocks have witnessed a solid start to 2018 and look poised to continue climbing in the coming months. Just a few months ago, or until September last year, the commodity had a very difficult year. […]

Paycom Software PAYC reported solid fourth-quarter 2017 results wherein the top and the bottom lines came ahead of the respective Zacks Consensus Estimate and also improved year over year. The company’s non-GAAP earnings per share came in at 29 cents per share, which beat the Zacks Consensus Estimate of 23 cents. […]

Auto sector’s fourth-quarter earnings announcement is in full swing. Of the lot, a few important companies have already released earnings for the quarter ending Dec 31, 2017. On Feb 6, General Motors Company GM and Cummins Inc […]

The Mississippi Public Service Commission (“MPSC”) and the electric utility firm finally reached a settlement regarding the rate issue over The Southern Company ’s SO controversial Kemper project. MPSC has finally decided to lower the amount needed to recover from customers. Looking Back Mississippi Power, subsidiary of Southern Company and in charge of the Kemper Project, has spent years for the construction of the project, which is based on clean coal gasification technology […]

SandRidge Energy, Inc. SD recently landed a merger deal with its rival Midstates Petroleum Company MPO in an all-stock deal. […]

AECOM ACM reported first-quarter fiscal 2018 adjusted earnings per share of 57 cents, beating the Zacks Consensus Estimate of 55 cents. Also, the bottom line increased 7.5% from the year-ago tally of 53 cents. The improvement was primarily attributable to the company’s impressive top-line performance. […]

Over the last five trading days, the likes of Spirit Airlines SAVE , Allegiant Travel Company ALGT and SkyWest SKYW reported better-than-expected earnings per share and revenues in the fourth quarter of 2017. While, Allegiant and SkyWest’s bottom line expanded year over year, the same declined at Spirit Airlines due to higher costs. However, revenues increased on a year-over-year basis at all the above-mentioned air carriers […]

Owens-Illinois, Inc. OI reported fourth-quarter 2017 adjusted earnings of 55 cents per share, up 10% year over year, ahead of the Zacks Consensus Estimate of 52 cents. The uptick primarily reflected the benefits of the company’s global focus on reducing Total Systems Cost […]

Associated Banc-Corp ASB announced a 7.1% hike in its quarterly cash dividend. The new dividend of 15 cents per share will be paid on Mar 15 to shareholders on record as of Mar 1. Based on yesterday’s closing price of $24.25 per share, the dividend yield is 2.47% […]

Fortive Corporation FTV is set to report fourth-quarter 2017 results on Feb 8. Notably, the company beat the Zacks Consensus Estimates for earnings in each of the trailing four quarters, with an average surprise of 3.78%. […]

Microchip Technology Inc. MCHP reported third-quarter fiscal 2018 non-GAAP earnings of $1.36 per share, surpassing the Zacks Consensus Estimate by a penny. The figure improved 29.5% year over year but declined 3.5% sequentially. […]

PG&E Corporation PCG is set to report fourth-quarter 2017 results on Feb 9, before the market opens. Last quarter, the company delivered a positive earnings surprise of 19.15%. Moreover, the company surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average earnings beat of 14.71% […]

Freeport-McMoRan Inc. ’s FCX board has reinstated a cash dividend on its common stock and plans to declare a quarterly dividend of 5 cents per share. It expects an initial quarterly dividend to be paid on May 1, 2018. […]

8point3 Energy Partners LP CAFD recently announced a merger agreement with Capital Dynamics — a Swiss-based asset management firm. Per the terms of the deal, Capital Dynamics’ subsidiary CD Clean Energy and Infrastructure will acquire 8point3 Energy for an enterprise value of $1.7 billion. […]

Myriad Genetics, Inc. MYGN reported adjusted earnings per share (EPS) of 31 cents in the second quarter of fiscal 2018, up 19.2% year over year. […]