NEW YORK, April 28, 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 NuStar GP Holdings, LLC (NYSE: NSH), Skechers U.S.A. Inc. (NYSE: SKX), Mead Johnson Nutrition Company (NYSE: MJN), Wabco Holdings Inc. (NYSE: WBC), and Travelport Worldwide Limited (NYSE: TVPT). 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):
NSH Research Report: ( http://get.analystsreview.com/pdf/?c=NuStar%20GP%20Holdings&d=28-Apr-2015&s=NSH ),
SKX Research Report: ( http://get.analystsreview.com/pdf/?c=Skechers&d=28-Apr-2015&s=SKX ),
MJN Research Report: ( http://get.analystsreview.com/pdf/?c=Mead%20Johnson&d=28-Apr-2015&s=MJN ),
WBC Research Report: ( http://get.analystsreview.com/pdf/?c=Wabco%20Holdings&d=28-Apr-2015&s=WBC ),
TVPT Research Report: ( http://get.analystsreview.com/pdf/?c=Travelport%20Worldwide&d=28-Apr-2015&s=TVPT ).
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Analyst Update: Financial Results and Multi-Year Contracts
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed lower on Monday as investors turned cautious ahead of the Fed meeting, which begins today. The NASDAQ Composite was down 0.63% to finish at 5,060.25, the S&P 500 slipped 0.41% to 2108.92, and the Dow Jones Industrial Average lost 0.23% to end the session at 18,037.97. European stocks gained on Monday as Greece considered reshuffling its debt negotiators. Germany's DAX 30 jumped 1.93%; France's CAC 40 rose 1.30%, and London's FTSE 100 advanced 0.47% on Monday. Meanwhile, Asian stock markets mostly gained on Monday amid surge in mining stocks in Australia and emanating news on possible reforms in China. The Shanghai Composite Index, Australia's S&P ASX and Hong Kong's Hang Seng index all closed higher on Monday.
NuStar Holdings stock gained 3.32% on April 23, 2015 to close at $38.33. The day before, the Company had announced that net income for Q1 FY15 was $26.8 million, or $0.62 per unit, compared to $13.6 million, or $0.32 per unit, for Q1 FY14. Distributable cash flow available to unitholders was similar to last years', at $22.9 million, or $0.53 per unit for Q1 FY15, compared to $23.2 million, or $0.54 per unit, for Q1 FY14.
Skechers USA Inc. stock rose 14.54% on April 23, 2015, to close at $86.87. This came a day after the Company announced Q1 FY15 results that beat analysts' expectations. Q1 FY15 net sales were $768.0 million, the highest quarterly revenue in the Company's history, as compared to $546.5 million in the Q1 FY14, an increase of 40.5%.
Mead Johnson Nutrition announced its Q1 FY15 results on April 23, 2015. First quarter sales of $1.09 billion were down from $1.11 billion in the prior year quarter. Constant dollar sales however increased slightly more than 3%, driven by pricing. The Company said that overall volume was flat due primarily to tough prior year comparisons in the U.S. and China businesses.
WABCO Holdings, a provider of electronic, mechanical and mechatronic products for commercial trucks, trailers, buses and passenger car manufacturers, announced its Q1 FY15 results on April 23, 2015. The Company registered sales of $652.2 million, up 3.8% in local currencies and down 10.6% in USD from a year ago. In Q1 FY15, both operating margin and diluted EPS on a U.S.
Travelport Worldwide shares rose by 2.85% to $16.96 on April 23, 2015. This followed the Company's announcement the day earlier that UNIGLOBE Travel Partners, a leading travel management company specializing in corporate travel, has signed a new multi-year contract with Travelport. UNIGLOBE, a former long-time Travelport customer, returned to Travelport after a six-year absence.
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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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