Current Happenings in the Consumer Services Sector: New Research on Macy's, Target, Wal-Mart, ADT Corp, and Allegion
NEW YORK, February 20, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Macy's (NYSE: M), Target (NYSE: TGT), Wal-Mart (NYSE: WMT), ADT Corp (NYSE: ADT), and Allegion (NYSE: ALLE). 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):
M Research Report: ( http://get.analystsreview.com/pdf/?c=Macy%27s&d=20-Feb-2015&s=M ),
TGT Research Report: ( http://get.analystsreview.com/pdf/?c=Target&d=20-Feb-2015&s=TGT ),
WMT Research Report: ( http://get.analystsreview.com/pdf/?c=Wal-Mart&d=20-Feb-2015&s=WMT ),
ADT Research Report: ( http://get.analystsreview.com/pdf/?c=ADT%20Corp&d=20-Feb-2015&s=ADT ),
ALLE Research Report: ( http://get.analystsreview.com/pdf/?c=Allegion&d=20-Feb-2015&s=ALLE ).
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Analyst Update: Financial Results, Financial Outlook, Upcoming Event, New Offerings, and Alliance
Reviewed by: Rohit Tuli, CFA®
The US stock markets closed on a mixed note on Thursday. The Nasdaq rose for a seventh straight session boosted by a rally of 8.5% in the Priceline Group shares. The Dow and the S&P 500 on the other hand eased following declines in energy shares and a disappointing outlook from Wal-Mart. Uncertainty over prospects of a debt deal with Greece added to investor caution. Dow Jones Industrial Average closed down 44.08 points, or 0.24%, at 17,985.77; S&P 500 closed down 2.23 points, or 0.11%, at 2,097.45; while the Nasdaq closed up 18.34 points, or 0.37%, at 4,924.70. Europe's stock rally lost steam on Thursday, with a benchmark index retreating from a seven-year high, after Germany rejected a new proposal from Athens for an extension of its bailout programme. The German finance ministry described the Greek proposal as "not a substantial solution" because it failed to fulfill the conditions of an EU/IMF bailout programme. In Asia, the Nikkei rose to a 15-year high following better-than-expected export data, while trade in the rest of Asia was quiet with several markets closed for Lunar New Year.
Macy's Inc (Macy's) announced that for the full-year 2014 it expects earnings per diluted share to be between $4.35 and $4.37, higher than its previous guidance range of $4.25 to $4.35 per diluted share. The Company's Q4 2014 comparable sales growth on an owned plus licensed basis was 2.5%, in-line with its previous guidance range of 2.5% to 3%.
Target Corporation (Target) is schedule to discuss its strategic and financial plans along with its 2015 financial outlook with the financial community on March 3, 2015. Prior to this, the Company informed about its plan to discontinue its Canadian operations, and also declared a quarterly dividend of 52 cents per common share.
Wal-Mart Stores, Inc. (Wal-Mart Stores) introduced Direct2Cash - a first-of-its-kind service that provides an option to customers to pick up their tax refunds in cash, besides saving their time and money against the traditional tax refund options. The Company provides this service in association with two leading providers of tax-related financial products and services - Tax Products Group (TPG), a Green Dot Company, and Republic Bank & Trust Company, member FDIC.
ADT Corp.'s Q1 FY 2015 diluted EPS before special items (excluding special items for merger and restructuring costs and 2G radio conversion costs) increased 18.6% YoY to $0.51, surpassing the Zacks Consensus Estimate by $0.02. The Company's total revenue for the quarter increased 5.7% YoY to $887 million and exceeded the Zacks Consensus Estimate of $882 million.
Allegion plc (Allegion) announced its Strategic Alliance with iDevices through Schlage Lock Company to expand its innovative footprint as a leading provider of security products and solutions in the growing Internet of Things (IoT) market. The alliance supports Allegion's strategy to drive growth and create shareholder value by investing in emerging technologies.
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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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