Month: April 2018

Stock Analysts

Ingersoll (IR) Beats Both Q1 Earnings & Revenue Estimates

April 25, 2018 0

Industrial goods manufacturer Ingersoll-Rand Plc IR started 2018 on a positive note, reporting solid first-quarter 2018 results with adjusted earnings from continuing operations of 70 cents per share compared with 57 cents in the year-earlier quarter. The healthy year-over-year improvement in adjusted earnings was largely driven by top-line growth. Adjusted earnings comfortably beat the Zacks Consensus Estimate of 62 cents […]

Stock Analysts

5 Stocks to Buy as Housing Data Remains Bullish

April 25, 2018 0

Sales of U.S. new homes increased better-than-expected in March, according to data released by the Census Bureau and the Department of Housing and Urban Development on Tuesday. Moreover, sales of existing homes too jumped for the second consecutive month in March, according to the National Association for Realtors (NAR). […]

Technicals

Viacom (VIAB) Beats Q2 Earnings, Revenues Down Y/Y

April 25, 2018 0

Viacom VIAB is a leading entertainment content company that operates primarily in the United States and Europe. As a part of its newly-unveiled turnaround plan, the company intends to focus on six of its core brands- BET, Comedy Central, MTV, Nickelodeon, Nick Jr. and Paramount. […]

Technicals

Northrop Grumman (NOC) Tops Q1 Earnings & Revenue Estimates

April 25, 2018 0

Falls Church, VA-based aerospace and defense operator, Northrop Grumman Corporation NOC supplies a broad array of products and services to the U.S. Department of Defense, including electronic systems, information technology, aircraft, space technology and systems integration services. Estimate Trend & Surprise History Investors should note that Zacks Consensus Estimate for the first quarter earnings of $3.63 per share has increased by 0.55% over the last 60 days. […]

Technicals

Why WestRock (WRK) Might Surprise This Earnings Season

April 25, 2018 0

Investors are always looking for stocks that are poised to beat at earnings season and WestRock Company WRK may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because WestRock is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to earnings beat […]

Mergers & Acquisitions

Canadian REIT and Choice Properties REIT obtain court approval and set election deadline and closing date for acquisition

April 25, 2018 0

Canadian REIT and Choice Properties REIT obtain court approval and set election deadline and closing date for acquisition Canada NewsWire TORONTO, April 25, 2018 TORONTO , April 25, 2018 /CNW/ – Canadian Real Estate Investment Trust (” CREIT “) (TSX: REF.UN) and Choice Properties Real Estate Investment Trust (” Choice Properties “) (TSX: CHP.UN) announced today that the Ontario Superior Court of Justice (Commercial List) (the ” Court “) has approved the acquisition of CREIT by Choice Properties pursuant to a plan of arrangement under section 182 of the Business Corporations Act ( Ontario ) and section 60 of the Trustee Act ( Ontario ) (the ” Arrangement “). CREIT and Choice Properties also announced that the Arrangement is expected to close on May 4, 2018 . At the final order hearing, SmartCentres Real Estate Investment Trust (“SmartCentres”) argued that the Arrangement violated agreements relating to seven properties co-owned with CREIT. […]

Mergers & Acquisitions

Two Employee Owned Companies Combine Forces

April 25, 2018 0

Two Employee Owned Companies Combine Forces PR Newswire OVERLAND PARK, Kan., April 25, 2018 OVERLAND PARK, Kan. , April 25, 2018 /PRNewswire/ — Drive Train Industries (DTI) and Inland Truck Parts Company (Inland) have signed an agreement to combine the two 100% employee owned companies. […]