NEW YORK, May 2, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Rockwell Automation Inc (NYSE: ROK), Raytheon Co. (NYSE: RTN), Parker Hannifin Corporation (NYSE: PH), Lockheed Martin Corporation's (NYSE: LMT) and Alliant Techsystems Inc. (NYSE: ATK). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1971-100free.
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Rockwell Automation Inc Analyst Notes
On April 29, 2014, Rockwell Automation Inc. (Rockwell) reported its financial results for Q2 FY 2014 (period ended March 31, 2014). The Company posted 5.1% YoY increase in Q2 FY 2014 total sales to $1.60 billion, with an increase of 7% YoY in organic sales. However, total sales missed Wall Street analysts' consensus revenue estimate of $1.61 billion. On a GAAP basis, Q2 FY 2014 net income came in at $180.3 million, or $1.28 per share, versus $175.9 million, or $1.24 per share, in Q2 FY 2013. Rockwell's adjusted diluted EPS stood at $1.35, which missed the Reuters' analyst consensus estimate of $1.44, amidst higher tax rate. Keith D. Nosbusch, Chairman and CEO, stated that the Company has reaffirmed its full-year 2014 sales guidance of approximately $6.6 billion and adjusted EPS guidance of $6.00 to $6.35. The shares of Rockwell ended 7.15% lower at $115.63, post the Company's earnings release. The full analyst notes on Rockwell are available to download free of charge at:
http://www.analystsreview.com/1971-ROK-02May2014.pdf
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Raytheon Co. Analyst Notes
On April 29, 2014, Raytheon Co. (Raytheon) announced that it has been awarded an $8.5 million base contract by the Office of Naval Research (ONR) to design the Flexible Distributed Array Radar (FlexDAR), which will enable dynamic multi-mission radars capable of executing a variety of functions including surveillance, communications and electronic warfare. The Company informed that the FlexDAR effort is being developed under the ONR Integrated Topside (InTop) Program as an innovation effort to demonstrate new capabilities provided by the implementation of every-radar-element-level digital beam forming, in combination with network coordination and precise time synchronization. The full analyst notes on Raytheon are available to download free of charge at:
http://www.analystsreview.com/1971-RTN-02May2014.pdf
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Parker Hannifin Corporation Analyst Notes
On April 29, 2014, Parker Hannifin Corporation (Parker Hannifin) announced its Q3 FY 2014 financial results (period ended March 31, 2014). Net sales during the quarter stood at $3.4 billion, up 1.6% YoY. The Company reported that net income for Q3 FY 2014 came in at $242.4 million, or $1.60 per diluted share, versus $256.6 million, or $1.68 per diluted share, in Q3 FY 2013. For full year FY 2014 (period ending June 30, 2014), the Company increased its guidance for adjusted diluted EPS to the range of $6.40 to $6.60, or $6.50 at the midpoint. Commenting on the performance, Parker Hannifin's Chairman, President and CEO, Don Washkewicz said, "Our previously announced restructuring initiatives are proceeding ahead of plan, with $86 million in pretax expenses incurred fiscal year-to-date. In addition, the improved order growth trend is an encouraging sign for the remainder of this fiscal year." The full analyst notes on Parker Hannifin are available to download free of charge at:
http://www.analystsreview.com/1971-PH-02May2014.pdf
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Lockheed Martin Corporation's Analyst Notes
On April 29, 2014, Lockheed Martin Corporation (Lockheed Martin) announced that the Company's Aero Club, an employee-run charity, supported 57 non-profit agencies in Fort Worth and surrounding communities with more than $1.02 million. Roderick McLean, Vice President of Lockheed Martin's Integrated Fighter Group and President of the Fort Worth AERO Club, commented, "The Lockheed Martin AERO Club donations reflect the diverse interests of our employees and have an enduring impact on the agencies and causes they are able to support through giving." The Company informed that the funds were raised entirely by employees and distributed with no administrative fee. The full analyst notes on Lockheed Martin are available to download free of charge at:
http://www.analystsreview.com/1971-LMT-02May2014.pdf
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Alliant Techsystems Inc. Analyst Notes
On April 29, 2014, Alliant Techsystems Inc. (ATK) announced that its Board of Directors has unanimously approved a plan to create two independent, public companies committed to Outdoor Sports and Aerospace and Defense (A&D). The Company informed that the board has approved a definitive agreement that provides for the tax-free spin-off of the Company's Sporting Group (Sporting) to ATK shareholders. The spin-off will be immediately followed by a tax-free, all-stock merger between ATK's Aerospace and Defense Groups (ATK A&D) and Orbital Sciences Corporation (Orbital), pursuant to which Orbital shareholders will receive shares of ATK common stock in return. Upon completion of the transaction, ATK's name will be changed to Orbital ATK, Inc. (Orbital ATK). Current ATK shareholders will own approximately 53.8% of Orbital ATK on a fully diluted basis and current Orbital shareholders will own approximately 46.2%. The full analyst notes on ATK are available to download free of charge at:
http://www.analystsreview.com/1971-ATK-02May2014.pdf
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