Accrued Contingent Interest Payments, Earnings, Acquisitions and Dividends - Research Report on Omnicom Group, The Interpublic Group, Lamar Advertising, Corrections Corporation, and Monster Worldwide
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NEW YORK, August 19, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Omnicom Group Inc. (NYSE: OMC), The Interpublic Group of Companies, Inc. (NYSE: IPG), Lamar Advertising Co. (NASDAQ: LAMR), Corrections Corporation of America (NYSE: CXW), and Monster Worldwide, Inc. (NYSE: MWW). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Omnicom Group Inc. Research Report
On July 31, 2013, Omnicom Group Inc. (Omnicom Group) along with its wholly owned direct finance subsidiary, Omnicom Capital Inc. (Omnicom Capital), announced that their Zero Coupon Zero Yield Convertible Notes due 2032 (the Notes) will accrue contingent interest for the six-month period beginning August 1, 2013. According to the Company, contingent cash interest of $2.81 per $1,000 principal amount of Notes will be payable on each of October 31, 2013 and January 31, 2014 to Note holders of record as of October 15, 2013 and January 15, 2014, as applicable. The Company expects the total contingent interest for the semi-annual period to be approximately $1.4 million. The Full Research Report on Omnicom Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/55a8_OMC]
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The Interpublic Group of Companies, Inc. Research Report
On August 4, 2013, The Interpublic Group of Companies, Inc. (IPG) announced that its Board of Directors has declared a quarterly dividend on IPG common stock of $0.075 per share, payable on September 17, 2013 to holders of record at the close of business on September 3, 2013. The Full Research Report on The Interpublic Group of Companies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/94ea_IPG]
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Lamar Advertising Co. Research Report
On August 8, 2013, Lamar Advertising Co. (Lamar Advertising) reported its financial results for Q2 2013. The Company's revenue increased 6.5% YoY to $324.7 million. Net income of $21.3 million or $0.22 per diluted share, was higher as compared to net income of $13.9 million or $0.15 per diluted share in Q2 2012. For Q3 2013, the Company expects net revenue to be approximately $320 million to $323 million, which represents a growth of approximately 1% to 2% YoY (on a pro forma basis).The Full Research Report on Lamar Advertising Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/df64_LAMR]
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Corrections Corporation of America Research Report
On August 5, 2013, Corrections Corporation of America (CCA) announced that it has completed the acquisition of Correctional Alternatives, Inc. (CAI), which is a privately held community corrections company, for approximately $36 million, excluding transaction related expenses. According to CCA, the all-cash transaction closed on July 31, 2013 and it will not assume any debt as part of the transaction. Commenting on the acquisition, President and CEO, Damon Hininger stated, "CAI's expertise within the community corrections market, combined with the knowledge, experience and financial resources of CCA, results in an acquisition that aligns well with our existing business model and customer base. Further, the long-standing contracts and difficult to replace infrastructure assets we obtain through this acquisition aligns well with our strategy of providing real estate to existing and potential government partners. Through this strategic acquisition, we believe we can grow and expand upon the community corrections business that CAI has developed, primarily with other counties in California as they seek solutions to the challenges of realignment on a long-term basis, as well as with the BOP." The Full Research Report on Corrections Corporation of America - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4693_CXW]
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Monster Worldwide, Inc. Research Report
On August 1, 2013, Monster Worldwide, Inc. (Monster Worldwide) reported its financial results for Q2 2013. Revenue decreased 10.9% YoY to $200.1 million. Net income was $3.4 million or $0.03 per diluted share, compared to net income of $4.8 million or $0.04 per diluted share in Q2 2012. Commenting on the results, Chairman, President and CEO of Monster Worldwide, Sal Iannuzzi, said, "We are aggressively pursuing the execution of our business strategy and are also developing a number of new strategies to better position the Company for sustained, long term revenue growth in the evolving job market. Over 200 million people have registered on the Monster Worldwide network and we continue to drive quality job applies to our customers." Sal Iannuzzi added, "Our second quarter results demonstrate our ability to control costs and protect profitability, even in a challenging market environment. And consistent with our objective to enhance shareholder returns, we successfully repurchased $23 million worth of our shares." The Full Research Report on Monster Worldwide, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/07b9_MWW]
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