NEW YORK, February 23, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including 51job (NASDAQ: JOBS), Electro Rent (NASDAQ: ELRC), Heidrick & Struggles (NASDAQ: HSII), McGrath (NASDAQ: MGRC), and Mitcham Industries (NASDAQ: MIND). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
JOBS Research Report: ( http://get.analystsreview.com/pdf/?c=51job&d=23-Feb-2015&s=JOBS ),
ELRC Research Report: ( http://get.analystsreview.com/pdf/?c=Electro%20Rent&d=23-Feb-2015&s=ELRC ),
HSII Research Report: ( http://get.analystsreview.com/pdf/?c=Heidrick%20%26%20Struggles&d=23-Feb-2015&s=HSII ),
MGRC Research Report: ( http://get.analystsreview.com/pdf/?c=McGrath&d=23-Feb-2015&s=MGRC ),
MIND Research Report: ( http://get.analystsreview.com/pdf/?c=Mitcham%20Industries&d=23-Feb-2015&s=MIND ).
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Analyst Update: Upcoming Earnings and Extension of Repurchase Programs
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks closed higher on Friday with the Dow Jones Industrial Average and S&P 500 closing at record highs after news that Greece and its Eurozone creditors have officially reached a four-month extension agreement of Greece's bailout package. The Dow Jones Industrial Average added 154.67 points, or 0.86%, to 18140.44. The S&P 500 rose 12.85 points, or 0.61%, to 2110.30, and the Nasdaq Composite gained 31.27 points, or 0.63%, to 4955.97. The rally was seen in European markets as well. As per the Markit Economics report, its Composite Purchasing Managers Output Index (PMI) for the 19 nation single currency bloc jumped to 53.5 points from 52.6 in January. The report added that Euro zone business activity hit a seven month high in February. Asian stocks mostly closed higher on Friday with Japanese stocks rising to a fresh 15-year high, lifted by a weaker yen as US dollar was on the front foot again based on upbeat US data.
51job, Inc. (51job), a leading provider of integrated human resource services in China, has scheduled to release its Q4 and full-year 2014 financial results on Thursday, March 5, 2015, after the market closes. As per Zacks investment research, the Company is expected to report a net income of $0.52 per share for Q4 2014 and net income of $1.33 per share for FY 2014.
Electro Rent Corporation (Electro Rent) announced its Q2 FY 2015 financial results. For the quarter, total revenues increased to $59.7 million from $57.9 million in Q2 FY 2014, led by 15.7% YoY increase in sales of equipment and other revenues, offset by a 4.9% YoY decline in rental and lease revenues.
A premier provider of Executive Search, Leadership Consulting and Culture Shaping services, Heidrick & Struggles International, Inc. (Heidrick & Struggles) has scheduled to release its fourth quarter and 2014 financial results on Tuesday, February 24, 2015, before Nasdaq market opens.
McGrath RentCorp (McGrath), a diversified business to business rental company, intends to release its Q4 2014 financial results on Thursday, February 26, 2015, after market closes. In relation to the earnings release, the Company has also scheduled a conference call on the same day at 5:00 p.m. ET (2:00 p.m. PT) to discuss the results, followed by a Q&A session.
Mitcham Industries, Inc.'s (Mitcham Industries) Board of Directors has authorized a repurchase program for up to 1.0 million shares of the Company's outstanding common stock through December 31, 2015. This authorization is in addition to the previous share repurchase program which was completed in the quarter ended October 31, 2014.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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