Capital Goods Sector in Focus: Special Research on Watts Water, WCI, Wesco, Wabtec, and Worthington
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, February 4, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Watts Water (NYSE: WTS), WCI (NYSE: WCIC), Wesco (NYSE: WAIR), Wabtec (NYSE: WAB), and Worthington (NYSE: WOR). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
WTS Research Report: ( http://get.analystsreview.com/pdf/?c=Watts%20Water&d=04-Feb-2015&s=WTS ),
WCIC Research Report: ( http://get.analystsreview.com/pdf/?c=WCI&d=04-Feb-2015&s=WCIC ),
WAIR Research Report: ( http://get.analystsreview.com/pdf/?c=Wesco&d=04-Feb-2015&s=WAIR ),
WAB Research Report: ( http://get.analystsreview.com/pdf/?c=Wabtec&d=04-Feb-2015&s=WAB ),
WOR Research Report: ( http://get.analystsreview.com/pdf/?c=Worthington&d=04-Feb-2015&s=WOR ).
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Analyst Update: Acquisitions, Financial Results, and Earnings Release Schedule
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks gained for the second consecutive session on Tuesday as a continued recovery in the oil prices coupled with rising hopes of a Greek debt deal eased some concerns over the global economy. Helped by rally in the energy shares, the S&P 500 index advanced 1.44% on Tuesday to close at 2,050.03. The index has advanced 2.76% over the last two sessions, erasing most of its decline in the month of January. The Dow Jones Industrial Average rose 1.76% to close at 17,666.40, and the Nasdaq Composite gained 1.09% to end at 4,727.74. Adding to the gains were shares of automobile companies after January car sales topped market expectations. Meanwhile, the hopes of Greek debt deal also helped European stocks advance on Tuesday. Greek Finance Minister said that the new PM was working on a "road plan" to ease the country's debt burden, and hoped to reach an agreement with the Greece's lenders by the beginning of June. In Asia, markets ended on a mixed note as Chinese and Australian stocks gained while Japanese stocks ended lower.
Watts Water Technologies, Inc. (Watts Water) has completed the acquisition of AERCO International, Inc. (AERCO), a portfolio entity of The Riverside Company, for a total purchase price of c.$264.5 million in cash. The Company will announce its financial results for Q4 2014 after market hours on Tuesday, February 17, 2015.
WCI Communities, Inc. (WCI), a lifestyle community developer and luxury homebuilder, announced that it will release its fourth quarter and full year 2014 financial results before the market opens on February 25, 2015. According to Zacks Investment Research, analysts on average expect the Company's Q4 2014 earnings to be at $0.31 per share.
Wesco Aircraft Holdings, Inc. (Wesco), a provider of comprehensive supply chain management services to the global aerospace industry, announced plans to release its fiscal 2015 first quarter results on Thursday, February 5, 2015 after the market hours.
Westinghouse Air Brake Technologies Corporation (Wabtec) reported that its third quarter 2014 net income jumped to $90.2 million, or $0.93 per diluted share, from $73.9 million, or $0.76 per diluted share, in the year ago period.
Worthington Industries, Inc. (Worthington) has completed the acquisition of New York-based Rome Strip Steel Company, Inc. (Rome). The acquisition is aimed at expanding Worthington's ability to process close-tolerance material with custom surface finishes and increase overall production capacity.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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