TransCanada Corporation (USA) (NYSE:TRP) received a stock rating upgrade from Citigroup on Mar-30-16. In a note to investors, the firm issued a Buy rating. The analysts previously had a Neutral rating on the stock.

Analysts have a consensus target price of $ 43.41 in the 12-month period. The price objective is 10.88% higher than the recent closing price of $ 39.15. The 52-week price range is $ 28.40 – 46.54 and the company has a market capitalization of $ 27.76B. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 2 has assigned a hold rating, 1 says it’s a buy, and 1 have assigned a strong buy rating to the company.

TransCanada Corporation (USA) (TRP) on March 17, 2016 announced that it has entered into a definitive agreement to be acquired by TransCanada Corporation (“TransCanada”) (TSX, NYSE: TRP) for $25.50 per share in cash.  Including the assumption of CPG debt, the total enterprise value of the transaction is approximately $13 billion.  The agreement, which has been unanimously approved by CPG’s Board of Directors, represents a premium of approximately 32% to the volume weighted average price over the last 30 days.

“This transaction delivers tremendous value to our shareholders and places CPG within a leading energy platform that can maximize the value of our strategic positioning and deep inventory of transformational growth projects,” said CPG Chairman and Chief Executive Officer Robert C. Skaggs, Jr.  “The value presented here is a strong endorsement of our team’s outstanding work.  I am confident that this newly enhanced business will continue to deliver on our core commitments to customers, employees, stakeholders and stockholders.”

“This transaction is truly transformational for TransCanada,” said Russ Girling, President and CEO of TransCanada.  “CPG’s interstate pipeline and midstream assets sit directly on top of the fastest growing areas of the Marcellus and Utica Shale regions.  This provides us with a complementary asset base, a substantial growth pipeline network and a broad team that has a solid track record of executing on projects and delivering results.”

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates through three segments: Natural Gas Pipelines, Liquids Pipelines, and Energy. The Natural Gas Pipelines segment transports natural gas to local distribution companies, power generation facilities, and other businesses through a network of regulated natural gas pipelines and storage facilities. It owns and operates a network of 67,300 kilometers (km) of regulated natural gas pipelines; and regulated natural gas storage facilities with a total capacity of 250 billion cubic feet (Bcf).

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VWR Corp (NASDAQ:VWR) insider has recently participated in insider trading activity. President and CEO, BROCKE-BENZ MANUEL bought 417 shares for $9,900 via one transaction Feb 16. Following the transaction, the insider now owns 6,703 shares in total, priced at $155576.63 as of Wednesday. Another notable insider trading was done by the same insider on Jan 15. BROCKE-BENZ MANUEL acquired 395 shares at an average price of $25.02 for a total of $9,883. Moreover, this insider carried out a purchase of 380 shares at $26.05 each on Dec 15. The transaction amounted to $9,899. 10% Owner, MADISON DEARBORN PARTNERS LLC sold 1,650,000 shares for $42,487,500 through one transaction Nov 25. Following this sale, this insider’s stake in the company comprises 70,950,000 shares, priced at $1646749500 as of Wednesday.

The stock has experienced a total of 6 insider trades in the past three months. These trades include 3 sell activities and 3 buy trades. Furthermore, over the past 12 months, the stock was traded 18 times by insiders. In 12 of these trades, the insider was a seller while an employee of the company was the buyer in six instances.

VWR Corp (VWR) on January 28, 2016 announced that it will release its fourth quarter and full year 2015 financial results on Thursday, February 25, 2016, before the market opens. An investor conference call and live webcast will be hosted by the VWR management team that same day at 8:30 AM ET.

In separate news, on January 14, 2016, The VWR Foundation, a charitable organization dedicated to giving back to the science community, announced the launch of its newly redesigned website. The goal of the redesign was to create a user-friendly site that highlights existing grantees and provides detailed information for potential future grantees.  The new site makes it easier for visitors to learn more about the Foundation’s history, the programs it supports, the grant application process and more.

Along with the launch of its new website, the VWR Foundation concluded its 2015 granting cycle with a distribution of over $112,000 in Founders Grants during the fourth quarter to 11 worthy organizations aligned with its mission. Recipients included Bay Area Biotechnology Education Consortium, Educare Africa, Fund for the Water Works and Leukemia and Lymphoma Society Eastern PA Chapter.  These programs are aligned with the VWR Foundation’s three strategic priorities of research, health and well-being, and science education.

Corning Incorporated (NYSE:GLW) insider has recently participated in insider trading activity. Vice Chairman & Corp. Dev. Off, McRae Lawrence D sold 34,000 shares for $630,441 via one transaction Feb 10. Another notable insider trading was done by FLAWS JAMES B on Feb 04, who is the VICE CHAIRMAN. The insider sold 69,519 shares at an average price of $18.50. Moreover, an insider selling of 28,437 shares was carried out by STEVERSON LEWIS A, Senior Vice President, on Dec 15. Following the transaction, the insider now owns 51,903 shares in total. Exec. VP & Innovation Officer Curran Martin J bought 35,820 shares for $597,137 through one transaction Sep 01. Following this sale, this insider’s stake in the company comprises 35,820 shares, priced at $658,729.8 as of Friday.

The stock has experienced a total of 30 insider trades in the past three months. These trades include 18 sell activities and 12 buy trades. Furthermore, over the past 12 months, the stock was traded 60 times by insiders. In 43 of these trades, the insider was a seller while an employee of the company was the buyer in just 17 instances.

On February 9, 2016 Corning Incorporated (GLW) and Altechna R&D (Workshop of Photonics) announced that they have entered into a joint development agreement to develop new laser glass processing technologies.

“The emerging opportunities for ultra-strong, ultrathin, and ultraclean glass processing solutions, along with a need for greater glass processing efficiencies, are driving the demand for laser processing technologies. We believe this strategic relationship with Workshop of Photonics will enhance our ability to deliver innovative laser processing solutions for glass,” said Michael Müller, managing director of Corning Laser Technologies.

“This strategic partnership with the global specialty glass production leader is recognition of the unique glass processing laser technology developed by Workshop of Photonics,” said Gintas Šlekys, board chairman of Altechna R&D (Workshop of Photonics). “We see this as a great opportunity to grow alongside Corning Incorporated by providing laser application R&D services.”

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The Display Technologies segment manufactures glass substrates for liquid crystal displays (LCDs) used in LCD televisions, notebook computers, and flat panel desktop monitors. The Optical Communications segment manufactures optical fiber and cable; and hardware and equipment products comprising cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also provides subscriber demarcation, connection and protection devices, passive solutions, and outside plant enclosures; and coaxial RF interconnects for the cable television industry.

 

Aon plc Class A Ordinary Shares (UK) (NYSE:AON) insider has recently participated in insider trading activity. EVP and CFO, Davies Christa sold 23,155 shares for $ 2,267,847 via one transaction Mar 18. Another notable insider trading was done by LIEB PETER M on Feb 10, who is the EVP & General Counsel. The insider sold 7,356 shares at an average price of $ 94.36. Moreover, an insider selling of 24,199 shares was carried out by McGill Stephen P, Chairman/CEO – ARS, on Feb 09. Following the transaction, the insider now owns 214,373 shares in total. President & CEO Case Gregory C sold 45,800 shares for $ 4,351,595 through one transaction Dec 01. Following this sale, this insider’s stake in the company comprises 874,809 shares, priced at $ 82363267.35 as of Tuesday.

The stock has experienced a total of 8 insider trades in the past three months. These trades include 8 sell activities and zero buy trades. Furthermore, over the past 12 months, the stock was traded 62 times by insiders. In 50 of these trades, the insider was a seller while an employee of the company was the buyer in just 12 instances.

On February 9, 2016 Aon Benfield’s catastrophe model development team, launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during January 2016. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc Class A Ordinary Shares (UK) (AON).

The report reveals that a powerful winter storm brought prodigious snowfall, high winds, coastal flooding, freezing rain, ice, sleet, and severe thunderstorms to the Eastern United States during the second half of January, killing 58 people and injuring dozens of others.

States of emergency were declared in 11 states and Washington, D.C. as the event was rated the fourth-largest winter storm in the Northeast and Mid-Atlantic since the 1950s by the National Oceanic and Atmospheric Administration (NOAA).

Total economic losses were tentatively estimated to exceed USD2.0 billion, while insured losses both from private and public entities were projected to reach well into the hundreds of millions.

Meanwhile, a prolonged period of Arctic cold and snowfall covered much of East Asia causing significant damage and impacting travel. At least 116 people were killed across Taiwan, Thailand, Japan, South Korea, and China.

Total combined economic losses from the event were cited at nearly USD2.0 billion, with China incurring CNY10.6 billion (USD1.6 billion) of the total cost.

Adam Podlaha, Head of Impact Forecasting, said: “Winter in the Northern Hemisphere was on full display to begin 2016, with several winter storm events impacting parts of the United States, Asia and Europe. Despite winter weather historically not being one of the costliest perils when compared to tropical cyclones or flooding, these winter events can still pose billion-dollar costs to the global economy. The peril continues to be of interest to the insurance industry as claims resulting from heavy snow or ice often quickly accumulate.”

 

LG Display Co., Ltd. (NYSE:LPL) reported earnings for the three months ended Mar2016 on May 16, 2016. The company earned $0 per share on revenue of $4.98B. Analysts had been modeling earning per share of $-0.22 with $5.18B in revenue.

LG Display Co., Ltd. manufactures and sells thin film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based panels in the Republic of Korea, the United States, Europe, and Asia. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, mobile phones, tablet computers, and mobile devices. The company also provides panels for industrial and other applications, including entertainment systems, automotive displays, portable navigation devices, and medical diagnostic equipment, as well as flexible display products. It serves end-brand customers and their system integrators through its subsidiaries and affiliated trading company, as well as directly. The company was formerly known as LG.Philips LCD Co., Ltd. and changed its name to LG Display Co., Ltd. in February 2008. LG Display Co., Ltd. was founded in 1985 and is headquartered in Seoul, the Republic of Korea.

LG Display Co., Ltd. earnings per share showed an increasing trend of 6.9% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 88%.Analysts project EPS growth over the next 5 years at 9.4%. It has EPS annual decline over the past 5 fiscal years of -3% when sales grew 2.2. It reported -10.1% sales drop, and -104.2% EPS decline in the last quarter.

The stock is trading at $10.9, up 32.93% from 52-week low of $8.2. The stock trades down -20.61% from its peak of $13.69 and 1.1% above the consensus price target of $11.02. Its volume clocked up at 0.5 million shares which is higher than the average volume of 0.45 million shares. Its market capitalization currently stands at $7.84B.

Virgin America Inc (NASDAQ:VA) received a stock rating upgrade from Morgan Stanley on Apr-05-16. In a note to investors, the firm issued an Equal-Weight rating. The analysts previously had an Underweight rating on the stock.

The 52-week price range is $ 26.30 – 55.43 and the company has a market capitalization of $ 2.06B. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. 2 analyst has rated the stock with a sell rating, 3 has assigned a hold rating, zero says it’s a buy, and 4 have assigned a strong buy rating to the company.

Virgin America Inc (VA) on April 4, 2016 announced that their boards of directors have unanimously approved a definitive merger agreement, under which Alaska Air Group will acquire Virgin America for $57.00 per share in cash. Including existing Virgin America indebtedness and capitalized aircraft operating leases, the aggregate transaction value is approximately $4.0 billion. With an expanded West Coast presence, a larger customer base, and an enhanced platform for growth, Alaska Airlines will be positioned to provide more choices for customers, increase competition and deliver attractive returns to investors.

The combination expands Alaska Airlines’ existing footprint in California, bolsters its platform for growth and strengthens the company as a competitor to the four largest U.S. airlines. Combining Alaska Airlines’ well-established core markets in the Pacific Northwest and the state of Alaska with Virgin America’s strong foundation in California will make Alaska Airlines the go-to airline for the more than 175,000 daily fliers in and out of Golden State airports, including San Francisco and Los Angeles.

For Virgin America customers, service will expand in the thriving technology markets in Silicon Valley and Seattle. The combined airline will also offer more frequent connections to international airline partners departing Seattle, San Francisco and Los Angeles. In addition, this transaction will open up growth opportunities in important East Coast business markets by increasing Alaska Airlines’ access to slot-controlled airports like Ronald Reagan Washington National Airport and the two primary New York City-area airports, John F. Kennedy International Airport and LaGuardia Airport.

“Our employees have worked hard to earn the deep loyalty of customers in the Pacific Northwest and Alaska, while the Virgin America team has done the same in California. Together we will continue to deliver what customers tell us they want: low fares, unmatched reliability and outstanding customer service,” said Brad Tilden, chairman and CEO of Alaska Air Group. “With our expanded network and strong presence in California, we’ll offer customers more attractive flight options for nonstop travel. We look forward to bringing together two incredible groups of employees to build on the successes they have achieved as standalone companies to make us an even stronger competitor nationally.”

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TETRA Technologies, Inc. (NYSE:TTI) received a stock rating downgrade from Scotia Howard Weil on Mar-28-16. In a note to investors, the firm issued a Sector Perform rating. The analysts previously had a Sector Outperform rating on the stock.

Analysts have a consensus target price of $ 8.34 in the 12-month period. The price objective is 34.95% higher than the recent closing price of $ 6.18. The 52-week price range is $ 4.62 – 9.44 and the company has a market capitalization of $ 480.76M. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, zero has assigned a hold rating, 1 says it’s a buy, and 5 have assigned a strong buy rating to the company.

TETRA Technologies, Inc. (TTI) on February 26, 2016 announced fourth quarter 2015 adjusted earnings per share of $0.01, excluding Maritech and other charges, which compares to $0.09 per share in the fourth quarter of 2014, also excluding Maritech and other charges.  Fourth quarter 2015 revenue of $258 million declined 18% from the fourth quarter of 2014 primarily as a result of a 61% reduction in the North American rig count.

Consolidated GAAP fourth quarter 2015 earnings per share attributable to TETRA stockholders including Maritech and other charges was a loss of $(1.84), which compares to a loss of $(1.90) in the fourth quarter of 2014.

Highlights of the 2015 fourth quarter include:

• TETRA fourth quarter free cash flow(1) of $52 million, excluding CSI Compressco and $5 million of Maritech asset retirement obligation (ARO) expenditures, and $3 million of costs associated with the issuance of $125 million of 11% Senior Notes completed in the fourth quarter. For the full year ending December 31, 2015, TETRA free cash flow(1) was $120 million, excluding CSI Compressco and $10 million of Maritech ARO expenditures, and $3 million of costs associated with the note issuance.


• During 2015, TETRA reduced total debt outstanding by $102 million and improved its debt to EBITDA leverage ratio(3) from a high of 3.38x in 2014 to 1.86x at year-end 2015.


• Continued strength in our Fluids Division driven by offshore activities and the continued success of our zinc-free heavy completion fluid.


• Adjusted EBITDA(2) of $28.4 million for CSI Compressco LP, demonstrating continued profitability in the current environment.


• Continued reduction in operating expenses across all of our businesses.


• Robust earnings in our Offshore Services segment during what is typically a seasonally slow quarter.

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Maxim Integrated Products Inc. (NASDAQ:MXIM) insider has recently participated in insider trading activity. VP and Principal Acct Officer, Caron David sold 6,711 shares for $ 224,750 via one transaction Feb 17. Following the transaction, the insider now owns 15,785 shares in total, priced at $ 520905 as of Thursday. Another notable insider trading was done by the same insider on Feb 16. Caron David sold 9,309 shares at an average price of $ 33.16 for a total of $ 308,709. Moreover, BERGMAN JAMES R carried out a sale of 27,250 shares at $ 31.81 each on Jan 26. The transaction amounted to $ 866,888. SENIOR VP NEIL CHRISTOPHER J sold 23,000 shares for $ 787,750 through one transaction Sep 09. Following this sale, this insider’s stake in the company comprises 142,194 shares, priced at $ 4692402 as of Thursday.

The stock has experienced a total of 5 insider trades in the past three months. These trades include 5 sell activities and zero buy trades. Furthermore, over the past 12 months, the stock was traded 86 times by insiders. In 64 of these trades, the insider was a seller while an employee of the company was the buyer in just 22 instances.

Maxim Integrated Products Inc. (MXIM) announced on February 8, 2016 that Chief Financial Officer Bruce Kiddoo will be presenting at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco. The presentation is scheduled to begin at 1:15 p.m. Pacific Time on Tuesday, March 1, 2016.

In another news TowerJazz, the global specialty foundry leader, announced on February 2, 2016 that it completed its previously announced acquisition of an 8-inch wafer fabrication facility in San Antonio, Texas, United States from Maxim Integrated Products, Inc. (MXIM). This acquisition will expand TowerJazz’s current worldwide manufacturing capacity, cost-effectively increasing its production by about 28,000 wafers per month. The availability of capacity is needed to serve the Company’s current and forecasted robust customer demand.

As part of the transaction, the companies signed a long-term supply agreement of 15 years, under which TowerJazz will manufacture products for Maxim in the San Antonio facility, in quantities which will allow for a gradual ramp of third party products. As previously announced, Maxim received as consideration $40 million paid with approximately 3.3 million ordinary shares of TSEM, representing approximately 3% of company’s fully diluted share count. This was calculated based on the average closing price of TSEM in NASDAQ during the last 15 trading days.

Russell Ellwanger, TowerJazz Chief Executive Officer, commented: “We already performed first qualifications of our high demand and high volume flows, with Maxim’s approval, confirming the outstanding engineering and manufacturing capabilities of the San Antonio fab personnel. We are now excited to have San Antonio staff and geography join us; they are a great addition to the TowerJazz family. We look forward to continuing to drive customer success and company growth through committed performance and execution.”

 

 

Jacobs Engineering Group Inc (NYSE:JEC) insider has recently participated in insider trading activity. Executive Vice President, STASSI PHILIP J sold 10,000 shares for $ 440,400 via one transaction Aug 17. Following the transaction, the insider now owns 58,590 shares in total, priced at $2180133.9 as of Tuesday. Another notable insider trading was done by the same insider on Aug 10. STASSI PHILIP J sold 10,000 shares at an average price of $44.00 for a total of $440,000. Moreover, this insider carried out a sale of 10,000 shares at $44.00 each on Jun 22. The transaction amounted to $440,000. Director HICKTON DAWNE S sold 2,800 shares for $100,856 through one transaction Feb 12. Following this sale, this insider’s stake in the company comprises 2,800 shares, priced at $104188 as of Tuesday.

The stock has experienced a total of 10 insider trades in the past three months. These trades include 1 sell activities and 9 buy trades. Furthermore, over the past 12 months, the stock was traded 37 times by insiders. In 7 of these trades, the insider was a seller while an employee of the company was the buyer in just 30 instances.

On February 9, 2016, Jacobs Engineering Group Inc (JEC) announced it received a contract from the Marine Corps Special Operations Command (MARSOC) to provide communications training services to Marine Raiders combat personnel.

As the prime contractor, Jacobs brings a team of highly qualified communication and data experts to develop and provide hands-on training in state-of-the-art radio and data communication systems. Under the contract, Jacobs is also providing technical advice to MARSOC on training and employment of future ground-based and satellite communications systems.

Jacobs Engineering Group Inc. provides technical, professional, and construction services to various industrial, commercial, and governmental clients. It offers project services that include engineering, design, architectural, interiors, planning, environmental, and other services; and process, scientific, and systems consulting services, including services performed in connection with scientific testing, analysis, and consulting activities, as well as information technology, and systems engineering and integration activities. The company also provides construction services comprising traditional field construction services, modular construction activities, and direct-hire construction and construction management services; and operations and maintenance services that include services performed in connection with operating facilities on behalf of clients, as well as services involving process plant and facilities maintenance.

 

AEGON N.V. (ADR) (NYSE:AEG) received a stock rating downgrade from Jefferies on Mar-30-16. In a note to investors, the firm issued a Hold rating. The analysts previously had a Buy rating on the stock.

Analysts have a consensus target price of $5.87 in the 12-month period. The price objective is 5.58% higher than the recent closing price of $5.56. The 52-week price range is $4.58-$7.93 and the company has a market capitalization of $11.85 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 2 has assigned a hold rating, 0 says it’s a buy, and 1 have assigned a strong buy rating to the company.

On March 25, 2016 AEGON N.V. (ADR) (AEG) released its 2015 Annual Report and filed its Annual Report on Form 20-F with the United States Securities and Exchange Commission (SEC).

For the fifth consecutive year, Aegon’s Annual Report is accompanied by a separate integrated report, Aegon’s 2015 Review. This includes an interview with Aegon’s CEO,

Alex Wynaendts, in which he reflects on accelerating the pace of change to become a more digital, sustainable and customer-centric company. Also interviewed is the Chairman of Aegon’s Supervisory Board, Rob Routs, who focuses on the board’s shift from monitoring performance to undertaking a more strategic role.

The Review explains how Aegon creates and shares value for its stakeholders by letting customers, investors, business partners, local communities and employees tell their story. It highlights three particularly important topics – raising awareness about global aging, meeting changing customer needs, and investing responsibly – all of which are explored in such a way as to explain both the challenges and opportunities that exist for Aegon.

Digital copies of Aegon’s 2015 Annual Report, 2015 Annual Report on Form 20-F and 2015 Review are available in our corporate reporting archive on aegon.com. Other documents relating to Aegon’s General Meeting of Shareholders, including the agenda, will be available online from April 8, 2016.

Aegon N.V. provides life insurance, pensions, and asset management services. It offers life and protection products, such as traditional and universal life insurance products, as well as employer, endowment, term, and whole life insurance products; and supplemental health, accidental death and dismemberment insurance, critical illness, cancer treatment, credit/disability, income protection, travel, and long-term care insurance products. The company also provides investments and retirement products and services, such as variable and fixed annuities, retirement plans, mutual funds, and stable value solutions; individual and group pensions sponsored by or obtained through an employer; and mortgages, as well as banking products, including saving deposits. In addition, it offers general insurance products consisting of automotive, liability, disability, household insurance, and fire protection.

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Analysts are weighing in on how Brookdale Senior Living, Inc. (NYSE:BKD), might perform in the near term. Wall Street analysts have a much favorable assessment of the stock, with a mean rating of 1.9. The stock is rated as buy by 1 analysts, with 4 outperform and 3 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.

For the current quarter, the 7.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.59 a share, which would compare with $0.60 in the same quarter last year. They have a high estimate of $0.60 and a low estimate of $0.56. Revenue for the period is expected to total nearly $1.26B from $1.24B the year-ago period.

For the full year, 7.00 Wall Street analysts forecast this company would deliver earnings of 2.34 per share, with a high estimate of $2.50 and a low estimate of $1.51. It had reported earnings per share of $2.40 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $5.05B versus 4.96B in the preceding year.

The analysts project the company to maintain annual growth of around 11.67% percent over the next five years as compared to an average growth rate of 12.58% percent expected for its competitors in the same industry.

Among the 6 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for BKD is $24.67 but some analysts are projecting the price to go as high as $30.00. If the optimistic analysts are correct, that represents a 72 percent upside potential from the recent closing price of $17.45. Some sell-side analysts, particularly the bearish ones, have called for $20.00 price targets on shares of Brookdale Senior Living, Inc. (NYSE:BKD).

In the last reported results, the company reported earnings of $0.60 per share, while analysts were calling for share earnings of $0.63. It was an earnings surprise of -4.80%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Brookdale Senior Living Inc. owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, Continuing Care Retirement Centers (CCRCs)  Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens. The Assisted Living segment owns or leases communities consisting of freestanding, multi-story communities, and freestanding single story communities, which offer housing and 24-hour assistance with activities of daily life to mid-acuity frail and elderly residents. This segment also operates memory care communities for residents with Alzheimer’s disease and other dementias. The CCRCs – Rental segment owns or leases communities that offer various living arrangements and services to accommodate various levels of physical ability and health. The Brookdale Ancillary Services segment provides outpatient therapy, home health, and hospice services to residents of its communities, as well as to other senior living communities. The Management Services segment operates communities under the management agreements. As of December 31, 2015, the company operated 130 retirement center communities with 24,486 units; 915 assisted living communities with 62,567 units; and 78 CCRCs with 21,367 units, as well as owned or leased 959 communities with 81,067 units and provided management services with respect to 164 communities with 27,353 units for third parties or unconsolidated ventures. Brookdale Senior Living Inc. is headquartered in Brentwood, Tennessee.

The shares of Darden Restaurants, Inc. (NYSE:DRI) currently has mean rating of 2.48 while 5 analysts have recommended the shares as “BUY”, 7 recommended as “OUTPERFORM” and 15 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending May 16 is 1.82B by 20 analysts. The means estimate of sales for the year ending May 16 is 6.96B by 25 analysts.

The mean price target for the shares of Darden Restaurants, Inc. (DRI) is at 71.00 while the highest price target suggested by the analysts is 80.00 and low price target is 57.00. The mean price target is calculated keeping in view the consensus of 21 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Darden Restaurants, Inc. (DRI) stands at 1.09 while the EPS for the current year is fixed at 3.52 by 25 analysts.

The next one year’s EPS estimate is set at 3.98 by 29 analysts while a year ago the analysts suggested the company’s EPS at 3.52. The analysts also projected the company’s long-term growth at 16.58% for the upcoming five years.

In its latest quarter ended on 31^st Feb 2016, Darden Restaurants, Inc. (DRI) reported earnings of $1.21. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 1.70%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On May 25, 2016 Olive Garden is doubling its offering of Breadstick Sandwiches and bringing new twists on an Italian classic. Beginning this week, iconic Olive Garden menu items will transform with new varieties of the legendary Breadstick Sandwiches and brand new Deep Dish Spaghetti Pies. To celebrate, Olive Garden is giving unique and customized opportunities for families to come together around the table. Olive Garden is a division of Darden Restaurants, Inc. (DRI).

Last summer, America fell in love with Breadstick Sandwiches when they debuted in restaurants and on food trucks touring the country. Inspired by fans’ excitement and passion, Olive Garden is hitting the road again helping guests across the country create summer memories. The Olive Garden Never Ending Family Table will cross the nation to give fans the opportunity to gather together and sample the new menu items.

Analysts are weighing in on how Fastenal Company (NASDAQ:FAST) , might perform in the near term. Wall Street analysts have a much less favorable assessment of the stock, with a mean rating of 2.8. The stock is rated as buy by 0 analysts, with 2 outperform and 15 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.

For the current quarter, the 14.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.48 a share, which would compare with $0.48 in the same quarter last year. They have a high estimate of $0.50 and a low estimate of $0.46. Revenue for the period is expected to total nearly $1.02B from $997.83M the year-ago period.

For the full year, 19.00 Wall Street analysts forecast this company would deliver earnings of 1.82 per share, with a high estimate of $1.87 and a low estimate of $1.77. It had reported earnings per share of $1.77 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $4.02B versus 3.87B in the preceding year.

The analysts project the company to maintain annual growth of around 11.28% percent over the next five years as compared to an average growth rate of 10.57% percent expected for its competitors in the same industry.

Among the 7 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for FAST is $45.43 but some analysts are projecting the price to go as high as $50.00. If the optimistic analysts are correct, that represents a 10 percent upside potential from the recent closing price of $45.35. Some sell-side analysts, particularly the bearish ones, have called for $38.00 price targets on shares of Fastenal Company (NASDAQ:FAST) .

In the last reported results, the company reported earnings of $0.48 per share, while analysts were calling for share earnings of $0.47. It was an earnings surprise of 2.10%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. The companys fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and building projects, as well as in the maintenance and repair of machines and structures. It also offers miscellaneous supplies and hardware, including various pins and machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers, maintenance, repair, and operations; and non-residential construction market, which include general, electrical, plumbing, sheet metal, and road contractors. It also serves farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. The company distributes its products through a network of approximately 2,600 company owned stores. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) reported earnings for the three months ended Mar2016 on April 20, 2016. The company earned $1.06 per share on revenue of $404.27M. Analysts had been modeling earning per share of $1.03 with $404.39M in revenue.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) announced its financial results for the first quarter ended March 31, 2016.

First Quarter 2016:

• Total Revenue: $404 million, representing a 9 percent increase year over year


• Non-GAAP Operating Income: $224 million, representing 55 percent of revenues


• Non-GAAP EPS: $1.06, representing an 11 percent increase year over year


• Deferred Revenues: $883 million, representing a 14 percent increase year over year

“Revenues grew nine percent while non-GAAP earnings per share achieved eleven percent growth and exceeded our projections. This success was driven primarily by advanced threat prevention capabilities which was evident in our subscription revenue growth,” said Gil Shwed, founder and chief executive officer of Check Point Software Technologies, “In addition, our newly announced high-end and datacenter security appliances, optimized to deliver next generation threat prevention, got off to a great start in the marketplace.”

Financial Highlights for the First Quarter of 2016:

• Total Revenue: $404 million compared to $373 million in the first quarter of 2015.


• GAAP Operating Income: $202 million compared to $197 million in the first quarter of 2015.


• Non-GAAP Operating Income: $224 million compared to $216 million in the first quarter of 2015.


• GAAP Net Income and Earnings per Diluted Share: GAAP net income was $167 million compared to $161 million in the first quarter of 2015. GAAP earnings per diluted share were $0.95 compared to $0.86 in the first quarter of 2015.


• Non-GAAP Net Income: Non-GAAP net income was $187 million compared to $179 million in the first quarter of 2015.


• Non-GAAP Earnings per Diluted Share: $1.06 compared to $0.95 in the first quarter of 2015.


• Deferred Revenues: As of March 31, 2016, deferred revenues were $883 million compared to $772 million as of March 31, 2015.


• Cash Flow: Cash flow from operations of $324 million compared to $285 million in the first quarter of 2015.


• Share Repurchase Program: During the first quarter of 2016, the company repurchased 3.13 million shares at a total cost of $247 million.


• Cash Balances, Marketable Securities and Short Term Deposits: $3,729 million as of March 31, 2016, compared to $3,734 million as of March 31, 2015.

Check Point Software Technologies Ltd. earnings per share showed an increasing trend of 8.9% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 499%.Analysts project EPS growth over the next 5 years at 10.63%. It has EPS annual growth over the past 5 fiscal years of 11.9% when sales grew 8.2. It reported 8.5% sales growth, and 10.3% EPS growth in the last quarter.

The stock is trading at $84.97, up 30.54% from 52-week low of $65.09. The stock trades down -5.57% from its peak of $89.98 and 3.75% above the consensus price target of $88.16. Its volume clocked up at 7.99 million shares which is higher than the average volume of 1.5 million shares. Its market capitalization currently stands at $14.50B.

CSX Corp. (NASDAQ:CSX) reported earnings for the three months ended Mar2016 on April 12, 2016. The company earned $0.37 per share on revenue of $2.62B. Analysts had been modeling earning per share of $0.37 with $2.68B in revenue.

CSX Corp. (CSX) on April 12, 2016 announced first quarter 2016 net earnings of $356 million, or $0.37 per share, down from $442 million, or $0.45 per share, in the same period of last year.

“As we managed through the impact of the continued coal decline and other market forces during the first quarter, CSX took aggressive actions to improve efficiency, reduce costs and streamline resources across the network to further reshape the company,” said Michael J. Ward, chairman and chief executive officer.

Revenue for the quarter declined 14 percent, reflecting lower fuel recovery, a 5 percent volume decline and a $95 million year-over-year decline in other revenue related to payments received in 2015 from customers that did not meet their minimum volume commitments. These impacts more than offset pricing gains across nearly all markets from an improving service product and volume growth in automotive, intermodal, minerals and waste and equipment.

“While CSX delivered strong efficiency gains in the first quarter, we continue to expect full-year earnings per share to decline in 2016 as a result of ongoing coal headwinds combined with other market fundamentals,” said Ward. “At the same time, CSX remains focused on meeting and exceeding customer expectations while driving further efficiency savings to maximize shareholder value and achieve a mid-60s operating ratio longer term.”

CSX Corp. earnings per share showed an increasing trend of 4% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 194%.Analysts project EPS growth over the next 5 years at 4.77%. It has EPS annual growth over the past 5 fiscal years of 8.1% when sales grew 2.1. It reported -13.5% sales drop, and -17% EPS decline in the last quarter.

The stock is trading at $26.43, up 25.7% from 52-week low of $21.33. The stock trades down -23.84% from its peak of $35.67 and 4.84% above the consensus price target of $27.71. Its volume clocked up at 8.63 million shares which is lower than the average volume of 8.63 million shares. Its market capitalization currently stands at $24.75B.

General Electric Company (NYSE:GE) received a stock rating downgrade from Bernstein on Apr-04-16. In a note to investors, the firm issued an Mkt Perform rating. The analysts previously had an Outperform rating on the stock.

Analysts have a consensus target price of $32.69 in the 12-month period. The price objective is 4.67% higher than the recent closing price of $31.23. The 52-week price range is $18.90-$32.05 and the company has a market capitalization of $297.34 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 4 has assigned a hold rating, 1 says it’s a buy, and 4 have assigned a strong buy rating to the company.

General Electric Company (GE) on April 4, 2016 announced $50 million in philanthropic commitments, to be donated over the next five years to the Boston community. GE’s commitment includes $25 million to Boston Public Schools, $10 million to building out a diverse workforce population and $15 million to developing the next generation health care workforce and increasing training for specialty care. The donation is from the GE Foundation, the company’s philanthropic arm.

“Together GE and Boston will lead the digital transformation of industry. To build a global digital company and community, we must invest to further educate our children in science and math and improve health care in underserved communities. GE’s investments will create thousands of new jobs and support Boston’s regional and economic activities,” said GE Chairman and CEO Jeff Immelt.

GE’s philanthropic commitments include:

• Boston Public Schools (BPS): GE will reach 100 percent of Boston Public Schools high school students each year through our career labs, computer science courses, and high school design experience to prepare tomorrow’s workforce, by committing $25 million. The donation will provide students the opportunity to explore college and career possibilities, and to understand the skills necessary for future employment. GE will also create “GE Brilliant Career Labs” with both physical and virtual locations to allow students a unique hands-on experience with advanced manufacturing technology and software to assist them through career planning and internships. GE will also assist 100 percent of STEM high school teachers, to better prepare students for college and their future careers


• Boston Community Health Centers (CHC): GE will commit an additional $15 million to developing, and expanding the skills of health care providers at critical Community Health Centers in underserved communities. This will include training in the use of technology, leadership skills, and increased access to specialty care, in order to deliver better treatment for common, complex medical conditions like cardiovascular disease and addiction. The Developing Health Boston program will initially support 22 Boston area CHCs and will provide skills training to more than 75 percent of CHC leaders, health care providers, and staff. As well, GE Foundation partners will help to develop next generation health care workers.


• Building the Diversity Pipeline: GE has also pledged $10 million to increase the capabilities and outcomes for our diverse students. GE will leverage its employees and leaders to provide training, access to manufacturing labs at GE Garages, and externships for underserved populations outside of the Boston Metro area, including Lynn and Fall River.

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Johnson & Johnson (NYSE:JNJ) reported earnings for the three months ended Mar2016 on April 19, 2016. The company earned $1.68 per share on revenue of $17.48B. Analysts had been modeling earning per share of $1.66 with $17.48B in revenue.

Johnson & Johnson (JNJ) on April 19, 2016 announced sales of $17.5 billion for the first quarter of 2016, an increase of 0.6% as compared to the first quarter of 2015. Operational sales results increased 3.9% and the negative impact of currency was 3.3%. Domestic sales increased 7.2%. International sales decreased 6.0%, reflecting operational growth of 0.6% and a negative currency impact of 6.6%. Excluding the net impact of acquisitions, divestitures and hepatitis C sales, on an operational basis, worldwide sales increased 6.9%, domestic sales increased 9.8% and international sales increased 3.8%.* The currency devaluation in Venezuela negatively impacted worldwide operational sales growth by 60 basis points, and international sales growth by 120 basis points.

Net earnings and diluted earnings per share for the first quarter of 2016 were $4.3 billion and $1.54, respectively. First quarter 2016 net earnings included after-tax intangible amortization expense of approximately $0.2 billion and a charge for after-tax special items of approximately $0.2 billion. First quarter 2015 net earnings included after-tax intangible amortization expense of approximately $0.2 billion and a net gain for after-tax special items of approximately $0.1 billion. A reconciliation of non-GAAP financial measures is included as an accompanying schedule. Excluding after-tax intangible amortization expense and special items, adjusted net earnings for the current quarter were $4.7 billion and adjusted diluted earnings per share were $1.68, representing increases of 6.1% and 7.7%, respectively, as compared to the same period in 2015.* On an operational basis, adjusted diluted earnings per share increased 10.3%.*

“We are off to a strong start to the year, supported by our first quarter underlying sales growth,” said Alex Gorsky, Chairman and Chief Executive Officer. “Our Pharmaceuticals business continues to deliver impressive levels of growth, we have steady improvement in our Consumer business, and we are seeing momentum in our Medical Devices businesses, all of which are fueling our optimism for the full-year ahead.”

Johnson & Johnson earnings per share showed a decreasing trend of -3.9% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 700%.Analysts project EPS growth over the next 5 years at 6%. It has EPS annual growth over the past 5 fiscal years of 2.8% when sales grew 2.6. It reported 0.6% sales growth, and 0.4% EPS growth in the last quarter.

The stock is trading at $112.69, up 40.8% from 52-week low of $81.79. The stock trades down -1.31% from its peak of $115 and 4.22% above the consensus price target of $117.44. Its volume clocked up at 10.09 million shares which is higher than the average volume of 7.36 million shares. Its market capitalization currently stands at $310.99B.

Analysts are weighing in on how Comerica Incorporated (NYSE:CMA), might perform in the near term. Wall Street analysts have a much less favorable assessment of the stock, with a mean rating of 2.9. The stock is rated as buy by 4 analysts, with 2 outperform and 22 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.

For the current quarter, the 30.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.69 a share, which would compare with $0.73 in the same quarter last year. They have a high estimate of $0.72 and a low estimate of $0.63. Revenue for the period is expected to total nearly $715.63M from $682.00M the year-ago period.

For the full year, 30.00 Wall Street analysts forecast this company would deliver earnings of 2.50 per share, with a high estimate of $2.65 and a low estimate of $2.32. It had reported earnings per share of $2.92 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $2.88B versus 2.74B in the preceding year.

The analysts project the company to maintain annual growth of around 3.52% percent over the next five years as compared to an average growth rate of 8.18% percent expected for its competitors in the same industry.

Among the 28 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for CMA is $43.80 but some analysts are projecting the price to go as high as $52.00. If the optimistic analysts are correct, that represents a 15 percent upside potential from the recent closing price of $45.29. Some sell-side analysts, particularly the bearish ones, have called for $34.00 price targets on shares of Comerica Incorporated (NYSE:CMA).

In the last reported results, the company reported earnings of $0.73 per share, while analysts were calling for share earnings of $0.75. It was an earnings surprise of -2.70%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services to middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides small business banking and personal financial services, including consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers a range of consumer products consisting of deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services comprising fiduciary services, private banking, retirement services, investment management and advisory services, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The company operates in Texas, California, and Michigan, as well as in Arizona and Florida, the United States; Canada; and Mexico. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

M&T Bank Corporation (NYSE:MTB) reported earnings for the three months ended Mar2016 on April 18, 2016. The company earned $1.82 per share on revenue of $1.29B. Analysts had been modeling earning per share of $1.84 with $1.3B in revenue.

M&T Bank Corporation (MTB) on April 18, 2016 reported its results of operations for the quarter ended March 31, 2016.

GAAP Results of Operations.  Diluted earnings per common share measured in accordance with generally accepted accounting principles (“GAAP”) for the initial quarter of 2016 were $1.73, up 5% from $1.65 in each of the first and fourth quarters of 2015.  GAAP-basis net income in the recent quarter was $299 million, 24% higher than the $242 million earned in the year-earlier quarter and 10% above the $271 million recorded in the final 2015 quarter.  Net income for the initial 2016 quarter expressed as an annualized rate of return on average assets and average common shareholders’ equity was .97% and 7.44%, respectively, compared with 1.02% and 7.99%, respectively, in the corresponding 2015 period and .93% and 7.22% in the fourth quarter of 2015.  M&T’s first quarter 2016 results reflect a full-quarter impact of its November 1, 2015 acquisition of Hudson City Bancorp, Inc. (“Hudson City”).

Commenting on M&T’s recent quarter performance, René F. Jones, Vice Chairman and Chief Financial Officer, noted, “Results in 2016’s initial quarter reflected strong growth in net interest income, solid loan growth, stable credit performance and well-controlled expenses, leading to an 11% rise in diluted net operating earnings per share, to $1.87, over the year-earlier period.  The quarter was highlighted by the full integration of Hudson City’s operations through the successful conversion of the deposit system and branch network.  Our entire banking franchise is now operating under the M&T flag, enabling us to extend to our new customers our unwavering commitment to outstanding service.”

Supplemental Reporting of Non-GAAP Results of Operations.  M&T consistently provides supplemental reporting of its results on a “net operating” or “tangible” basis, from which M&T excludes the after-tax effect of amortization of core deposit and other intangible assets (and the related goodwill, core deposit intangible and other intangible asset balances, net of applicable deferred tax amounts) and expenses associated with merging acquired operations into M&T, since such items are considered by management to be “nonoperating” in nature.  The amounts of such “nonoperating” expense are presented in the tables that accompany this release.  Although “net operating income” as defined by M&T is not a GAAP measure, M&T’s management believes that this information helps investors understand the effect of acquisition activity in reported results.

M&T Bank Corporation earnings per share showed a decreasing trend of -3.2% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 906%.Analysts project EPS growth over the next 5 years at 9.31%. It has EPS annual growth over the past 5 fiscal years of 4.8% when sales grew 3. It reported 31.8% sales growth, and 5.7% EPS growth in the last quarter.

The stock is trading at $119.5, up 20.92% from 52-week low of $100.08. The stock trades down -8.64% from its peak of $134 and 2.3% above the consensus price target of $122.25. Its volume clocked up at 0.98 million shares which is higher than the average volume of 0.83 million shares. Its market capitalization currently stands at $18.98B.

Consolidated Edison, Inc. (NYSE:ED) insider has recently participated in insider trading activity. Chairman, President & CEO, McAvoy John bought 29 shares for $70.70 via one transaction Feb 16. Another notable insider trading was done by OATES JOSEPH P on Jan 31, who is the SVP, Corporate Shared Services. The insider acquired 8 shares at an average price of $66.92. Moreover, an insider selling of 31 shares was carried out by Nadkarni Gurudatta D, VP, Strategic Planning, on Jan 31. Following the transaction, the insider now owns 5,090 shares in total. President & CEO, O&R Cawley Timothy bought 35 shares for $66.92 through one transaction Jan 31. Following this sale, this insider’s stake in the company comprises 1,548 shares, priced at $103669.56 as of Wednesday.

The stock has experienced a total of 33 insider trades in the past three months. These trades include 2 sell activities and 31 buy trades. Furthermore, over the past 12 months, the stock was traded 153 times by insiders. In 17 of these trades, the insider was a seller while an employee of the company was the buyer in just 136 instances.

On February 11, 2016 IBM (NYSE:IBM) announced that it has been selected by Consolidated Edison Company of NY, Inc. and Orange and Rockland (O&R) Utilities, both regulated operating companies of Consolidated Edison, Inc. (ED) to provide services to implement an Advanced Metering Infrastructure (AMI) program with the installation of more than 3.9 million electric meters and 1.3 million gas meters.

Smart meters provide customers more insight and greater control over their individual energy usage and costs. In the future, such usage data will be accessible online and through mobile devices, providing customers with timely information and opportunities to take action to better manage how much energy they are using. AMI represents a new way for Con Edison and O&R to respond to customer needs, modernize energy infrastructure, and improve grid management.

Con Edison and O&R plans to deploy the AMI communications system and smart meters, once regulatory approvals are fully received, over a five-year period, beginning in 2017. In the first phase of the project, IBM will provide services to create the IT platform, support creation of critical business processes, and manage the integration of two new systems that will support data from approximately 5.1 million electric and gas meters across the Con Edison and O&R service territories.

“This technology transformation involving the collection, transfer and analysis of billions of data points will give Con Edison, O&R, and their customers the tools to improve decision making and reliable energy distribution,” said Michael Valocchi, managing partner, IBM Global Business Services. “Together we are creating an important foundation, making New York City and the surrounding region a world-class leader, while providing customers with greater convenience and control of their energy usage.”

 

Landstar System, Inc. (NASDAQ:LSTR) received a stock rating downgrade from Stifel on Mar-31-16. In a note to investors, the firm issued a Hold rating. The analysts previously had a Buy rating on the stock.

The 52-week price range is $52.96-$73.33 and the company has a market capitalization of $2.74 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 10 has assigned a hold rating, Zero says it’s a buy, and 4 have assigned a strong buy rating to the company.

Landstar System, Inc. (LSTR) on January 28, 2016 reported fourth quarter net income of $37.9 million, or $0.88 per diluted share, on fourth quarter revenue of $849 million. Diluted earnings per share for the 2015 fourth quarter were the highest fourth quarter diluted earnings per share from continuing operations in Landstar history.  Landstar reported net income of $38.5 million, or $0.86 per diluted share, on revenue of $863 million in the 2014 fourth quarter. Gross profit (defined as revenue less the cost of purchased transportation and commissions to agents) was $126.4 million in the 2015 fourth quarter compared to $124.7 million in gross profit in the 2014 fourth quarter. Operating income was $62.6 million in the 2015 fourth quarter and operating margin, representing operating income divided by gross profit, was 49.6 percent.

Truck transportation revenue hauled by independent business capacity owners (“BCOs”) and truck brokerage carriers in the 2015 fourth quarter was $786.4 million, or 93 percent of revenue, compared to $811.2 million, or 94 percent of revenue, in the 2014 fourth quarter.  Truckload transportation revenue hauled via van equipment in the 2015 fourth quarter was $481.4 million compared to $499.7 million in the 2014 fourth quarter.  Truckload transportation revenue hauled via unsided/platform equipment in the 2015 fourth quarter was $285.6 million compared to $289.6 million in the 2014 fourth quarter. Revenue hauled by rail, air and ocean cargo carriers was $50.6 million, or 6 percent of revenue, in the 2015 fourth quarter compared to $41.0 million, or 5 percent of revenue, in the 2014 fourth quarter.

Return on average shareholders’ equity was 31 percent and return on invested capital, representing net income divided by the sum of average equity plus average debt, was 25 percent in fiscal year 2015.  Landstar purchased approximately 779,000 shares of its common stock during the fiscal quarter ended December 26, 2015 at an aggregate cost of $48.5 million. Landstar purchased approximately 2,498,000 shares of its common stock during the fiscal year ended December 26, 2015 at an aggregate cost of $161.2 million. Currently, there are approximately 1,809,000 shares of the Company’s common stock available for purchase under Landstar’s authorized share purchase program.  As of December 26, 2015, the Company had $163 million in cash and short term investments and $192 million available for borrowing under the Company’s senior credit facility.

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Fulton Financial Corporation (NASDAQ:FULT) reported earnings for the three months ended Mar2016 on April 19, 2016. The company earned $0.22 per share on revenue of $134.03M. Analysts had been modeling earning per share of $0.21 with $131.64M in revenue.

Fulton Financial Corporation (FULT) on April 19, 2016 reported net income of $38.3 million, or 22 cents per diluted share, for the first quarter of 2016.

“Fulton’s first quarter resulted in double digit pre-provision net revenue growth year-over-year, a clear reflection of our efforts to focus on organic growth and take advantage of the local market disruption,” said E. Philip Wenger, Chairman, President and CEO. “Our commercial loan pipeline remains strong while our fee income businesses continue to build momentum, so we remain optimistic that we can create meaningful positive operating leverage in 2016.”

Diluted earnings per share for the first quarter of 2016 were 22 cents, unchanged from both the fourth quarter of 2015 and the first quarter of 2015. Pre-provision net revenue of $50.8 million was 6.6% lower than the fourth quarter of 2015 and 11.2% higher than the first quarter of 2015.

• Net interest income for the first quarter of 2016 increased $1.3 million, or 1.0 percent, compared to the fourth quarter of 2015 and $5.5 million, or 4.4 percent compared to first quarter of 2015.


• Net interest margin increased four basis points to 3.23 percent compared to the fourth quarter of 2015, and decreased four basis points compared to the first quarter of 2015.


• Loans at March 31, 2016 increased $32.1 million, or 0.2 percent, compared to December 31, 2015 and $755.2 million, or 5.8 percent, compared to March 31, 2015. Average loans for the first quarter of 2016 increased 1.4 percent and 5.8 percent compared to the fourth quarter of 2015 and the first quarter of 2015, respectively.


• Deposits at March 31, 2016 increased $272.0 million, or 1.9 percent, compared to December 31, 2015 and $889.8 million, or 6.6 percent, compared to March 31, 2015. Average deposits for the first quarter of 2016 decreased 0.1 percent compared to the fourth quarter of 2015, and increased 6.2 percent, compared to the first quarter of 2015.


• The provision for credit losses in the first quarter of 2016 was $1.5 million, compared to a $2.8 million provision in the fourth quarter of 2015 and a negative $3.7 million provision in the first quarter of 2015.


• Non-interest income, excluding investment securities gains, decreased $2.9 million, or 6.4 percent, in comparison to the fourth quarter of 2015, and increased $1.6 million, or 3.9 percent, in comparison to the first quarter of 2015.

Fulton Financial Corporation earnings per share showed an increasing trend of 0.3% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 96%.Analysts project EPS decline over the next 5 years at -2.3%. It has EPS annual growth over the past 5 fiscal years of 7.6% when sales declined -4.8. It reported 2.4% sales growth, and -1.7% EPS decline in the last quarter.

The stock is trading at $14.25, up 25.62% from 52-week low of $11.48. The stock trades down -1.01% from its peak of $14.59 and -4.84% below the consensus price target of $13.56. Its volume clocked up at 0.85 million shares which is lower than the average volume of 0.96 million shares. Its market capitalization currently stands at $2.46B.

Owens-Illinois Inc (NYSE:OI) insider has recently participated in insider trading activity. Director, HELLMAN PETER S bought 5,000 shares for $66,190 via one transaction Feb 11. Another notable insider trading was done by Lopez Andres Alberto on Nov 03, who is the Chief Operating Officer. The insider Sold 205 shares at an average price of $21.92. Moreover, an insider selling of 3,000 shares was carried out by MCMACKIN JOHN J JR, Director, on Sep 11. Following the transaction, the insider now owns 47,323 shares in total. President of O-I North America Galindo Sergio B.O. sold 5,236 shares for $125,990 through one transaction Jun 15. Following this sale, this insider’s stake in the company comprises 20,657 shares, priced at $281348.34 as of Tuesday.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 0 sell activities and 2 buy trades. Furthermore, over the past 12 months, the stock was traded 31 times by insiders. In 10 of these trades, the insider was a seller while an employee of the company was the buyer in just 21 instances.

Owens-Illinois Inc (OI) on February 8, 2016 announced that it reported financial results for the full year and fourth quarter ending December 31, 2015.

• For full year 2015, the Company recorded a loss from continuing operations of $0.44 per share (diluted). Excluding certain items management considers not representative of ongoing operations, adjusted earnings were $2.00 per share, in line with management guidance. These results compared with $2.07 per share in 2014 on a constant currency basis.  The Company`s charge in 2015 for asbestos-related costs covers a four year period of estimated asbestos claims not yet asserted against the Company versus the three year period used in the prior year.


• Fourth quarter 2015 adjusted earnings were $0.40 per share, compared with $0.32 per share in the same period of 2014 on a constant currency basis.


• O-I generated $210 million of free cash flow for the full year 2015, modestly exceeding management guidance. This is on par with prior year free cash flow in constant currency, which was the Company`s second highest year on record.


• Global volumes for 2015 were up 3 percent compared to the prior year. Excluding the acquisition of Vitro`s food and beverage business volumes were on par with 2014. On a global basis, volumes of wine, spirits, food and non-alcoholic beverages all grew year-on-year.  While global beer volumes fell 1 percent, driven by a decline in mainstream beer, shipments into craft and premium beer continue to expand.


• The integration of the acquired business continues to progress well as evidenced by strong business performance to date and its contribution to free cash flow generation in the fourth quarter. The construction of the new furnace in Monterrey was finished by the end of 2015 and the realization of synergies has begun, with early savings in procurement.

Oil States International, Inc. (NYSE:OIS) received a stock rating upgrade from Piper Jaffray on Mar-31-16. In a note to investors, the firm issued an Overweight rating. The analysts previously had a Neutral rating on the stock.

The 52-week price range is $ 21.44 – 48.16 and the company has a market capitalization of $ 1.62B. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 8 has assigned a hold rating, 1 says it’s a buy, and 3 have assigned a strong buy rating to the company.

Oil States International, Inc. (OIS) announced on February 17, 2016 that its Board of Directors elected Mark G. Papa as Chairman of the Board, following the resignation of Stephen A. Wells as Chairman. Mr. Papa has served as a Director of Oil States since going public in February 2001. Mr. Wells has served as a Director of Oil States since April 1996 and as Chairman since May 2006. Mr. Wells will continue to serve as a Director and as a member of the Board’s Nominating & Corporate Governance Committee, subject to re-election at the May 2016 Annual Shareholders’ Meeting.

“I want to thank Steve for his strategic guidance, leadership and dedicated efforts to Oil States throughout his tenure as Chairman. I am pleased that Steve plans to remain on the Board for another term. Additionally, I’d like to welcome Mark to his new role as Chairman and look forward to his leadership. Mark’s extensive energy industry experience will continue to provide significant benefits to Oil States as we focus on the long-term growth and success of our Company,” said Cindy B. Taylor, Oil States’ President and Chief Executive Officer.

Oil States International, Inc., through its subsidiaries, provides specialty products and services to oil and natural gas companies worldwide. It operates through two segments, Offshore Products and Well Site Services. The Offshore Products segment designs, manufactures, fabricates, inspects, assembles, repairs, tests, and markets subsea equipment, offshore vessel, and rig equipment. Its products and services comprise flexible bearings and connection systems; casing and conductor connections and pipes; subsea pipeline products; compact ball valves, manifold system components and diverter valves; marine winches, mooring systems, cranes, and other heavy-lift rig equipment; production, workover, completion, and drilling riser systems and their related repair services; blowout preventer stack assembly, integration, testing, and repair services; and other products and services.

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Procter & Gamble Co (NYSE:PG) insider has recently participated in insider trading activity. Exec Chairman of the Board, LAFLEY ALAN G sold 32,131 shares for $2,666,873 via one transaction Feb 10. Another notable insider trading was done by Taylor David S on Feb 09, who is the President & CEO. The insider sold 33,671 shares at an average price of $82.10. Moreover, an insider selling of 24,787 shares was carried out by Schomburger Jeffrey K, Global Sales Officer, CBD, on Feb 08. Following the transaction, the insider now owns 44,208 shares in total. President-Global Business Svcs Nemeth Julio N sold 7,402 shares for $606,224 through one transaction Feb 08. Following this sale, this insider’s stake in the company comprises 16,001 shares, priced at $1,295,761 as of Friday.

The stock has experienced a total of 30 insider trades in the past three months. These trades include 23 sell activities and 7 buy trades. Furthermore, over the past 12 months, the stock was traded 161 times by insiders. In 96 of these trades, the insider was a seller while an employee of the company was the buyer in just 65 instances.

On February 10, 2016 David S. Taylor, President and Chief Executive Officer and Jon R. Moeller, Chief Financial Officer of The Procter & Gamble Company (PG) will be featured speakers at the Consumer Analyst Group of New York Conference in Boca Raton, FL on Thursday, February 18, 2016 at 9:15 a.m. ET.

Media and investors may access the live audio webcast at www.pginvestor.com, beginning at 9:15 a.m. ET. The webcast will also be available for replay.

The Procter & Gamble Company, together with its subsidiaries, manufactures and sells branded consumer packaged products worldwide. It operates through five segments: Beauty, Hair and Personal Care; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care. The Beauty, Hair and Personal Care segment offers antiperspirants and deodorants, personal cleansing, cosmetics, skin care, hair care and color, prestige, and salon professional products under the Head & Shoulders, Olay, Pantene, SK-II, and Wella brands. The Grooming segment provides blades and razors, pre and post-shave products, and other shave care products, as well as electronic hair removal devices under the Fusion, Gillette, Mach3, and Prestobarba brands. The Health Care segment offers gastrointestinal, rapid diagnostics, respiratory, vitamins/minerals/supplements, and other personal health care products; and toothbrushes, toothpastes, and other oral care products.

 

Rockwell Collins Inc. (NYSE:COL) reported earnings for the three months ended Mar2016 on April 21, 2016. The company earned $1.3 per share on revenue of $1.31B. Analysts had been modeling earning per share of $1.28 with $1.33B in revenue.

Rockwell Collins, Inc. (COL) reported second quarter fiscal year 2016 earnings per share from continuing operations increased 7% to $1.30 compared to $1.22 in the prior year. Total sales in the second quarter of fiscal year 2016 were $1.31 billion, a 2% decrease from the same period in fiscal year 2015. Total segment operating margins remained steady at 20.7%.

“Fiscal 2016 is progressing directionally as we expected,” said Rockwell Collins Chairman, President, and Chief Executive Officer, Kelly Ortberg. “We anticipated the slow start in the first half of the year followed by expected growth in the second half. Our execution in the second quarter was solid as we focused on delivering the savings from our restructuring actions taken in the first quarter. Our full year guidance remains unchanged as we now focus on delivering the second half growth.”

Ortberg continued, “There were also several significant accomplishments this quarter that support our long-term growth objectives. We were selected as one of the suppliers for the HMS Manpack program and we’re pleased to be a supplier to Northrop Grumman on the Long Range Strike Bomber. We also captured numerous contract awards for our avionics and information management systems.”

Rockwell Collins Inc. earnings per share showed an increasing trend of 14.8% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 581%.Analysts project EPS growth over the next 5 years at 8.8%. It has EPS annual growth over the past 5 fiscal years of 8.2% when sales grew 2.5. It reported -2.2% sales drop, and 6.6% EPS growth in the last quarter.

The stock is trading at $88.4, up 16.7% from 52-week low of $76.03. The stock trades down -7.38% from its peak of $96.4 and 8.25% above the consensus price target of $95.69. Its volume clocked up at 0.74 million shares which is higher than the average volume of 0.68 million shares. Its market capitalization currently stands at $11.59B.

Incyte Corporation (NASDAQ:INCY) insider has recently participated in insider trading activity. Director, BAKER JULIAN bought 678,488 shares for $47,973,373 via one transaction Feb 16. Following the transaction, the insider now owns 18,958,070 shares in total, priced at $1,411,428,311.5 as of Wednesday. Another notable insider trading was done by the same insider on Feb 12. BAKER JULIAN acquired 922,530 shares at an average price of $65.83 for a total of $18,158,080. Moreover, this insider carried out a buy of 208,677 shares at $67.14 each on Feb 12. The transaction amounted to $18,346,124. The insider also bought 14,010,424 shares for $18,346,124 through one transaction Feb 11.

The stock has experienced a total of 21 insider trades in the past three months. These trades include 5 sell activities and 16 buy trades. Furthermore, over the past 12 months, the stock was traded 80 times by insiders. In 56 of these trades, the insider was a seller while an employee of the company was the buyer in just 24 instances.

Incyte Corporation (INCY) on February 16, 2016 announced that it will present at the following investor conferences during the month of March:

Cowen and Company 36th Annual Health Care Conference on Monday, March 7, 2016 at 1:20 pm (EST) in Boston; and

Barclays Capital Global Healthcare Conference on Wednesday, March 16, 2016 at 9:30 am (EDT) in Miami

The presentations will be webcast live and can be accessed within the Investors section of www.incyte.com under Events and Presentations. Investors interested in listening to the live webcasts should log on before the start time in order to download any software required.

Additionally, on February 11, 2016 (INCY) announced its decision to discontinue the Phase 3 study (JANUS 1) of ruxolitinib or placebo in combination with capecitabine for the second-line treatment of patients with advanced or metastatic pancreatic cancer. The decision to stop the study was made after a planned interim analysis of JANUS 1 demonstrated that ruxolitinib plus capecitabine did not show a sufficient level of efficacy to warrant continuation.

Following these results, and the previously announced interim analysis of the Phase 2 sub-study of ruxolitinib or placebo in combination with regorafinib in patients with metastatic colorectal cancer and high C-reactive protein (CRP), ongoing Incyte-sponsored trials of ruxolitinib in solid tumors will be discontinued, including the Phase 3 JANUS 2 study in pancreatic cancer, the Phase 2 sub-study in patients with metastatic colorectal cancer and low CRP and the Phase 2 studies in breast and lung cancer. Incyte’s dose finding study of INCB39110 (a selective JAK1 inhibitor) as first-line treatment for metastatic pancreatic cancer, will also be discontinued. Incyte will work with investigators to appropriately conclude these studies in a manner consistent with the best interest of each patient. Data from these studies will be analyzed and shared with the scientific community over the coming months.

Ongoing studies of ruxolitinib and selective JAK1 inhibitors in hematology indications will continue. Ongoing studies of selective JAK1 inhibition in solid tumor indications that are based on different hypotheses will also continue. These include a series of studies evaluating INCB39110 in combination with either pembrolizumab (anti-PD-1 antibody), epacadostat (Incyte’s IDO1 inhibitor), or INCB50465 (Incyte’s PI3Kδ inhibitor) to assess the therapeutic utility of JAK1 inhibition based on its effects on the tumor microenvironment. Additionally, the potential impact of JAK1 inhibition on improving the benefit of targeted therapies will be investigated via a Phase 1/2 study of INCB39110 plus osimertinib, AstraZeneca’s next generation EGFR inhibitor.

“The hypothesis to evaluate the therapeutic utility of JAK inhibition in patients with solid tumors and high levels of systemic inflammation was initially supported by a subgroup analysis of the randomized, double-blind Phase 2 RECAP study, which suggested a survival benefit in patients with high levels of CRP. As a result, we and the broader scientific community believed further study in pancreatic cancer and other solid tumors with evidence of systemic inflammation was warranted. Unfortunately, the larger studies did not confirm this hypothesis,” said Rich Levy, M.D., Chief Drug Development Officer of Incyte. “Moving forward, we remain focused on our strategy to invest in innovation and in our broad development portfolio, as we seek to deliver new medicines to patients with cancer and other diseases.”

 

U.S. Silica Holdings Inc (NYSE:SLCA) received a stock rating upgrade from Piper Jaffray on Mar-31-16. In a note to investors, the firm issued an Overweight rating. The analysts previously had a Neutral rating on the stock.

The 52-week price range is $ 13.40 – 39.51 and the company has a market capitalization of $ 1.41B. Analysts covering the shares maintain a consensus Strong Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 6 has assigned a hold rating, 1 says it’s a buy, and 8 have assigned a strong buy rating to the company.

U.S. Silica Holdings Inc (SLCA) on March 16, 2016 announced that it has priced an underwritten public offering of 8,695,700 shares of U.S. Silica common stock, upsized from the previously announced 8,000,000 shares, for total estimated gross proceeds of $173,914,000. The underwriters have been granted a 30-day option to purchase up to an additional 1,304,300 shares of common stock.

U.S. Silica intends to use the net proceeds of the offering for general corporate purposes including the potential acquisition of complementary businesses or assets. The offering is expected to close on March 22, 2016, subject to customary closing conditions.

Barclays Capital Inc. and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering. This offering is being made by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained for free by visiting EDGAR on the Securities and Exchange Commission (SEC) website at www.sec.gov. Alternatively, the prospectus and prospectus supplement may be obtained by sending a request to: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Telephone 888-603-5847, Email: barclaysprospectus@broadridge.com or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd floor, New York, NY 10014.

This offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Company’s common stock or any other securities, and there shall not be any offer, solicitation or sale of securities mentioned in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such any state or jurisdiction.

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Nektar Therapeutics (NASDAQ:NKTR) insider has recently participated in insider trading activity. President & CEO, ROBIN HOWARD W sold 66,666 shares for $ 765,992 via one transaction Feb 10. Following the transaction, the insider now owns 10,000 shares in total, priced at $ 115400 as of Tuesday. Another notable insider trading was done by the same insider on Jan 19. ROBIN HOWARD W sold 66,667 shares at an average price of $ 14.12 for a total of $ 941,338. Moreover, Lingnau Lutz carried out a sale of 15,000 shares at $ 14.51 each on Jan 20. The transaction amounted to $ 217,650. SVP & General Counsel Labrucherie Gil M sold 11,667 shares for $ 164,738 through one transaction Jan 19. Following this sale, this insider’s stake in the company comprises 5,251 shares, priced at $ 60596.54 as of Tuesday.

The stock has experienced a total of 13 insider trades in the past three months. These trades include 13 sell activities and zero buy trades. Furthermore, over the past 12 months, the stock was traded 33 times by insiders. In 33 of these trades, the insider was a seller while an employee of the company was the buyer in just zero instances.

Nektar Therapeutics (NKTR) on February 1, 2016 announced the publication in Clinical Cancer Research of pre-clinical findings for NKTR-214. The paper, titled “NKTR-214, an Engineered Cytokine with Biased IL2 Receptor Binding, Increased Tumor Exposure, and Marked Efficacy in Mouse Tumor Models,” (Charych et al., Clin Cancer Res, doi:10.1158/1078-0432.CCR-15-1631) documents a broad set of pre-clinical data supporting the clinical advancement of NKTR-214.  Among the findings reported, treatment with NKTR-214 led to durable and specific anti-tumor immunity in multiple syngeneic mouse models both as a single agent and as combination therapy with checkpoint inhibitors. In addition, treatment with single-agent NKTR-214 in tumor-bearing mice resulted in a controlled, sustained, and biased T-cell activation leading to a 450:1 mean ratio of CD8-positive effector T cells to T-regulatory cells in the tumor microenvironment, while maintaining more balanced ratios in non-tumor tissues and circulation.

“NKTR-214 allows us to capture and harness the power of the IL-2 biological pathway, which is known to promote T cell growth, to stimulate the body’s own immune system to target and fight cancer. The design of NKTR-214 gives it a combination of biophysical, biochemical, and pharmacological properties that translate into a desirable anti-tumor immune profile,” said Stephen Doberstein, Ph.D., Senior Vice President and Chief Scientific Officer of Nektar Therapeutics.

The newly published data documented in the paper also support the favorable safety profile of NKTR-214.  The compound was well-tolerated in rodents and in non-human primates (NHPs). Importantly, these pre-clinical safety studies showed that NKTR-214 did not lead to hypotension or vascular leak syndrome at predicted clinical therapeutic doses.

 

KCG Holdings, Inc. (NYSE:KCG) reported earnings for the three months ended Mar2016 on April 21, 2016. The company earned $0.06 per share on revenue of $345.42M. Analysts had been modeling earning per share of $0.03 with $311.77M in revenue.

First Quarter Highlights

KCG U.S. equity market making grew revenues 22 percent year over year

KCG Institutional Equities grew average daily U.S. equity share volume 17 percent year over year

KCG BondPoint set a new quarterly record for average daily fixed income par value traded with growth of 32 percent year over year

KCG announced an agreement to sell its NYSE Designated Market Maker (DMM) and completed the sales of assets related to retail U.S. options market making

KCG repurchased 1.8 million shares of KCG Class A Common Stock for $20.5 million, $1.0 million in warrants and $35.0 million par value of its 6.875 percent Senior Secured Notes for $31.2 million

Daniel Coleman, Chief Executive Officer of KCG, said, “KCG generated strong financial results in the first quarter of 2016 as a result of  the market conditions in U.S. equities, increased penetration of strategic clients and the performance of KCG`s trading models. KCG U.S. equity market making posted strong revenues from client and exchange-based activities. We took further action to streamline and simplify KCG by exiting certain businesses following a strategic review. In addition, we utilized free cash to repurchase shares, warrants and debt as opportunities arose. Subsequent to the first quarter, we monetized a portion of our stake in Bats Global Markets, which added to free cash available for deployment.”

KCG Holdings, Inc. earnings per share showed an increasing trend of 351.8% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 130%.Analysts project EPS growth over the next 5 years at 10%. It has EPS annual decline over the past 5 fiscal years of -5.7% when sales grew 11.4. It reported -50.4% sales drop, and -81.1% EPS decline in the last quarter.

The stock is trading at $14.07, up 44.31% from 52-week low of $9.75. The stock trades down -0.92% from its peak of $14.2 and -76.83% below the consensus price target of $3.26. Its volume clocked up at 0.54 million shares which is lower than the average volume of 0.55 million shares. Its market capitalization currently stands at $1.16B.

Hawaiian Holdings, Inc. (NASDAQ:HA) received a stock rating downgrade from Deutsche Bank on Apr-01-16. In a note to investors, the firm issued a Hold rating. The analysts previously had a Buy rating on the stock.

The 52-week price range is $19.87-$48.14 and the company has a market capitalization of $2.52 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 3 has assigned a hold rating, 0 says it’s a buy, and 3 have assigned a strong buy rating to the company.

Hawaiian Holdings, Inc. (HA) on March 1, 2016 announced the resignation of Zac Hirzel from the company’s Board of Directors. Hirzel, who has helped guide the company’s unprecedented growth since joining the board in February 2014, will step off the board immediately.

“Zac is a valued colleague and a staunch believer in Hawaiian Airlines’ singular brand and potential for continued growth,” said Lawrence Hershfield, chairman of the board of Hawaiian Holdings, Inc. “We have appreciated his insights and are grateful for his service to the board.”

“It has been my privilege to be a board member and shareholder at Hawaiian during the past few years,” said Hirzel. “I want to thank both Larry and Mark Dunkerley for their strong leadership and to everyone at Hawaiian for their dedication to the company.”

Hirzel is the president and founder of Hirzel Capital Management, an investment firm headquartered in Dallas.

Current board members who are to be proposed for re-election in May are: Lawrence S. Hershfield, chairman; Mark B. Dunkerley, president and CEO; Randall L. Jenson; Crystal K. Rose; and Richard N. Zwern. The Hawaiian Holdings, Inc. Board of Directors also includes union representatives Duane E. Woerth (Air Line Pilots Association), William S. Swelbar (Association of Flight Attendants) and, effective in May, Joseph Guerrieri, Jr. (International Association of Machinists).

Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. It offers daily services on North America routes between the state of Hawai’i and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington. The company also provides daily services on its Neighbor Island routes among the six major islands of the State of Hawai’i; and daily services on its international routes between the state of Hawai’i and Sydney, Australia; and Tokyo and Osaka, Japan. In addition, it offers scheduled services between the state of Hawai’i, and New York City, New York; and scheduled services between the State of Hawai’i and Pago Pago, American Samoa; Papeete, Tahiti; Brisbane, Australia; Auckland, New Zealand; Sapporo, Japan; Seoul, South Korea; and Beijing, China, as well as other ad hoc charter services. Hawaiian Holdings, Inc. markets its tickets through various distribution channels, including its Website www.hawaiianairlines.com primarily for North America and Neighbor Island route customers, as well as through travel agencies and wholesale distributors primarily for its international route customers. As of December 31, 2015, the company’s fleet consisted of 18 Boeing 717-200 aircraft for the Neighbor Island routes; 8 Boeing 767-300 aircraft; and 22 Airbus A330-200 aircraft for the North America, international, and charter routes, as well as 3 ATR42 turboprop aircraft. Hawaiian Holdings, Inc. was founded in 1929 and is headquartered in Honolulu, Hawaii.

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