NEW YORK, May 8, 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 Kennametal Inc. (NYSE: KMT), PMFG Inc. (NASDAQ: PMFG), Golar LNG Ltd. (NASDAQ: GLNG), RetailMeNot Inc. (NASDAQ: SALE), and Brink's Company (NYSE: BCO). 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):
KMT Research Report: ( http://get.analystsreview.com/pdf/?c=Kennametal&d=08-May-2015&s=KMT ),
PMFG Research Report: ( http://get.analystsreview.com/pdf/?c=PMFG&d=08-May-2015&s=PMFG ),
GLNG Research Report: ( http://get.analystsreview.com/pdf/?c=Golar%20LNG&d=08-May-2015&s=GLNG ),
SALE Research Report: ( http://get.analystsreview.com/pdf/?c=RetailMeNot&d=08-May-2015&s=SALE ),
BCO Research Report: ( http://get.analystsreview.com/pdf/?c=Brink%27s%20Company&d=08-May-2015&s=BCO ).
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Analyst Update: Earnings Update, Agreements and Stake Purchase
U.S. stocks advanced on Thursday, recovering from their previous two disappointing sessions, as better than expected weekly jobless claims report boosted sentiment. The NASDAQ Composite gained 0.53%, to close at 4,945.54, the Dow Jones Industrial Average edged up 0.46%, to 17,924.06, and the S&P 500 ended the day at 2,088.00, up 0.38%. European stocks were mixed on Thursday. Germany's DAX 30 rose 0.51%, while France's CAC 40 and the London's FTSE 100 were down 0.29% and 0.67%, respectively, on Thursday. Meanwhile, Asian markets closed lower on Thursday amid rising concern over a potential policy shift by Chinese stock market regulators. The Shanghai Composite, Australia's S&P ASX and Japan's Nikkei all fell on Thursday.
On May 5, 2015, Kennametal Inc., an industrial materials supplier, reported financial results for Q3 FY15. Adjusted EPS was $0.46 for Q3 FY15, compared with $0.75 in the prior year quarter. However, EPS was above analysts' estimates of $0.44 a share for the quarter. Revenue fell 15.4% year over year to $638.97 million for the quarter, from $755 million in the same quarter last year.
On May 4, 2015, PMFG Inc. and CECO Environmental Corp. jointly announced that the companies have entered into a definitive merger agreement, pursuant to which CECO has agreed to acquire PMFG. The transaction is expected to close in Q3 FY15. CECO expects the transaction to be accretive in 2016.
On May 5, 2015, Golar LNG announced that it has entered into an agreement with Ophir Energy Plc for the provision of the GoFLNG vessel Gimi, which has been approved by Ophir's Equatorial Guinea, Block-R upstream partner GEPetrol. The agreement will be structured as a 20-year tolling contract, commencing commercial operations in the first half of 2019.
On May 5, 2015, RetailMeNot Inc., the largest marketplace for digital offers, announced its Q1 FY15 financial results. Total net revenues were $60.4 million, a 1% decline from Q1 FY14 level. Mobile online transaction net revenues increased 137% to $5.6 million, representing 9% of total net revenues. Combined advertising and in-store net revenues increased 100% to $7.7 million, representing 13% of total net revenues.
On May 4, 2015, Yahoo Finance reported that activist investment firm Starboard Value LLP has bought an 8.2% stake in armored car company Brink's, and it called the stock undervalued. Starboard Value disclosed ownership of almost 4 million shares in a form filed with the SEC on May 4.
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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.
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