Technicals

Shell’s (RDS.A) Solid Q1 Earnings Led by Higher Oil Prices

An Earnings Beat: Europe’s largest oil company Royal Dutch Shell plc RDS.A reported earnings per ADS (on a current cost of supplies basis, excluding items – the market’s preferred measure) of $1.28, above the Zacks Consensus Estimate of $1.24 and the year-ago profit of 92 cents. Higher realized commodity prices led to the outperformance. Estimate Revision Trend & Surprise History: The stock had seen the Zacks Consensus Estimate for first-quarter earnings being revised 14.8% upward over the last 30 days […]

Mergers & Acquisitions

Generational Equity Advises Mountain Dog Food in Sale to Dane Creek Capital

Generational Equity Advises Mountain Dog Food in Sale to Dane Creek Capital Acquisition marks first of several investments in frozen raw pet food manufacturers in Canada by Dane Creek PR Newswire DALLAS, April 26, 2018 DALLAS , April 26, 2018 /PRNewswire/ — Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Mountain Dog Enterprises Inc. dba Mountain Dog Food, to Dane Creek Capital Corp. The acquisition closed October 1, 2017 . […]

Mergers & Acquisitions

High-growth Tech Firm Metamako Buys xCelor’s Hardware Business

High-growth Tech Firm Metamako Buys xCelor’s Hardware Business PR Newswire SYDNEY, NEW YORK, LONDON, CHICAGO and TOKYO, April 26, 2018 SYDNEY , NEW YORK , LONDON , CHICAGO and TOKYO , April 26, 2018 /PRNewswire/ — Metamako , provider of the world’s leading low-latency, FPGA-enabled network solutions, announced today the acquisition of xCelor ‘s network device business. In a clear strategic move Metamako is making its first acquisition, strengthening its position as the premier network technology platform for companies developing and deploying high-performance applications. xCelor will now concentrate on its applications business, providing its apps on the Metamako hardware […]

Mergers & Acquisitions

SNH Capital Partners announce the acquisition of ProMax

SNH Capital Partners announce the acquisition of ProMax PR Newswire LAS VEGAS, April 26, 2018 LAS VEGAS , April 26, 2018 /PRNewswire/ — SNH Capital Partners (“SNH”) announce the acquisition of ProMax, a leading SaaS provider of marketing services and credit data to automotive retail dealers across the United States. The acquisition of ProMax extends SNH’s market leadership across retail automotive solutions, including National Credit Center, an SNH Capital Partners portfolio company and a leading provider of data, credit, compliance and fraud solutions in the sector. […]

Mergers & Acquisitions

ProMedica Health System to Acquire HCR ManorCare Redefining Care for Seniors

ProMedica Health System to Acquire HCR ManorCare Redefining Care for Seniors – Welltower and ProMedica enter into Joint Venture that will propel ProMedica to be in the top 15 largest U.S. Health Systems – First of its kind partnership spans full spectrum of care, including wellness, skilled nursing, memory care, assisted living, hospice and home care – Partnership to create an approximate $7B health network with 70,000 employees in 30 states – ProMedica will invest as much as $400M of growth and upgrade capital over the next five years – Welltower and ProMedica have jointly entered into agreement to acquire the real estate of Quality Care Properties PR Newswire TOLEDO, Ohio, April 25, 2018 TOLEDO, Ohio , April 25, 2018 /PRNewswire/ — ProMedica, a mission-based, not-for-profit healthcare system focused on improving health and well-being across the care continuum, announced today it is planning to acquire HCR ManorCare, the nation’s second largest provider of post-acute services and long-term care. […]

Mergers & Acquisitions

ProMedica Health System And Welltower To Acquire Quality Care Properties In Newly Formed Joint Venture

ProMedica Health System And Welltower To Acquire Quality Care Properties In Newly Formed Joint Venture ProMedica (A1/A+) to Acquire QCP Principal Tenant, HCR ManorCare, and Enter Into New 15-Year Lease With Welltower and ProMedica Property Joint Venture (80/20) with 1.8x EBITDAR Coverage ~8% Yielding $2.2 Billion Investment at Welltower Share Investment Expected To Provide ~$0.20 Per Share Annual Accretion to Welltower(1) Joint Venture to Propel ProMedica to be in the top 15 Largest U.S. Health Systems PR Newswire TOLEDO, Ohio, April 25, 2018 TOLEDO, Ohio , April 25, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) and Quality Care Properties, Inc […]

Stock Analysts

Why Chevron (CVX) Could See Upstream Earnings Rise in Q1

It's earnings season again and oil supermajor Chevron Corporation CVX is getting ready to release its first-quarter 2018 results on Friday, Apr 27. While the downstream side of the picture appears rather tepid, sentiment across the upstream division is quite encouraging. (See more in Chevron to Report Q1 Earnings: What's in the Offing? […]

Mergers & Acquisitions

McClatchy Announces $13 Million Debt Tender Offer At Par For 2022 Notes

McClatchy Announces $13 Million Debt Tender Offer At Par For 2022 Notes Completed the Sale and Leaseback of Real Property in Columbia, South Carolina PR Newswire SACRAMENTO, Calif., April 25, 2018 SACRAMENTO, Calif. , April 25, 2018 /PRNewswire/ — McClatchy (NYSE American: MNI) announced that The State Media Company completed the sale of real property including The State building and surrounding land. Concurrent with the sale, McClatchy entered into a 15-year lease with the purchaser of the real property, which includes initial annual lease payments of approximately $1.6 million . […]

Stock Analysts

Smorgasbord of Q1 Earnings: FB, CMG, QCOM & More

Facebook FB , which has spent most of 2018 under a dark cloud regarding concerns about exposing its extensive amount of users to data mining, false news items, etc., still managed to blow the doors off Q1 earnings and revenue estimates: $1.69 per share outperformed the $1.36 in the Zacks consensus, whereas revenues of $11.97 billion surpassed expectations of $11.95 billion. These results speak to 63% year-over-year earnings growth, and +49% on the top line. […]

Mergers & Acquisitions

Early Warning Press Release Issued in Connection with the Acquisition of Shares of Sant Veritas Holdings Inc. (the "Issuer") by Michael Orr

Early Warning Press Release Issued in Connection with the Acquisition of Shares of Sant Veritas Holdings Inc. (the “Issuer”) by Michael Orr Canada NewsWire TORONTO, April 25, 2018 TORONTO , April 25, 2018 /CNW/ – On April 24, 2018 the Issuer (formerly Marchwell Ventures Ltd. (NEX:MVE.H) (” Marchwell “)) and Sant Veritas Therapeutics Inc […]

Stock Analysts

Alphabet’s Costs Up: Not Unusual for a Growth Stock

Because Alphabet GOOGL is so big, we sometimes forget that it’s also growing so fast. There are very few companies of this scale that continue to beat the law of large numbers quarter upon quarter. So yes, I don’t think that the 23% increase in revenue, 28% increase in earnings or 22% increase in cash flow are anything to feel miserable about. […]

Mergers & Acquisitions

KBR Completes Acquisition of SGT, Continues Momentum on Government Services Strategy

KBR Completes Acquisition of SGT, Continues Momentum on Government Services Strategy PR Newswire HOUSTON, April 25, 2018 HOUSTON , April 25, 2018 /PRNewswire/ — KBR, Inc. (NYSE: KBR) announced today that it has completed the acquisition of Stinger Ghaffarian Technologies, Inc. (SGT) a leading provider of technology solutions, engineering services, mission operations, scientific and IT software solutions in the Government Services market […]

Mergers & Acquisitions

Conduent Announces Agreement to Sell Off-Street Parking Business

Conduent Announces Agreement to Sell Off-Street Parking Business Decision aligns with strategy to divest non-core assets PR Newswire FLORHAM PARK, N.J., April 25, 2018 FLORHAM PARK, N.J. , April 25, 2018 /PRNewswire/ — Conduent Incorporated (NYSE: CNDT) today announced it has entered into a binding agreement to sell its off-street parking business, including the Conduent Multipark System in France and the U.K., along with its U.S. airport parking business, to Andera Partners, an investment firm in France . […]

Stock Analysts

DDR Corp (DDR) Surpasses FFO, Revenue Estimates in Q1

DDR Corp.’s DDR first-quarter 2018 funds from operations (FFO) per share of 26 cents surpassed the Zacks Consensus Estimate of 23 cents. However, the figure declined a couple of cents from the prior-year quarter. The company generated revenues of $207 million for the first quarter, surpassing the Zacks Consensus Estimate of $199.3 million […]

Stock Analysts

Goodyear’s (GT) Q1 Earnings Beat, Down Y/Y, Revenues Up

The Goodyear Tire & Rubber Company GT reported adjusted earnings per share of 50 cents in comparison with 74 cents in the prior-year quarter. However, the bottom line surpassed the Zack Consensus Estimate of 44 cents. The company reported net income of $75 million, down from $166 million in first-quarter 2017 […]