Earnings Releases and Schedules, New Service Plans, Divestments, and Senior Notes Redemptions - Analyst Notes on CSX, DIRECTV, PPL, Calpine and NRG Energy
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NEW YORK, April 24, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding CSX Corporation (NYSE: CSX), DIRECTV, Inc. (NASDAQ: DTV), PPL Corporation (NYSE: PPL), Calpine Corporation (NYSE: CPN) and NRG Energy, Inc. (NYSE: NRG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1544-100free.
CSX Corporation Analyst Notes
On April 15, 2014, CSX Corporation (CSX) released its Q1 2014 financial results and reported a lesser-than-expected decline in its net income at $398 million, or $0.40 per share, compared to $462 million, or $0.45 per share in Q1 2013. Analysts, on average, polled by Bloomberg expected the Company's EPS to decline to $0.38 in the quarter. Hit by the bad weather conditions, the Company's operating income was down by 16.0% at $739 million. CSX stated that its revenue during the quarter grew 1.7% YoY to $3.0 billion on volume increases of 2.7% YoY, with strength in intermodal and merchandise markets more than offsetting declines in coal. CSX also announced a 7% increase in the Company's quarterly dividend to $0.16 per share, payable on June 13, 2014 to shareholders of record at the close of business on May 28, 2014. The full analyst notes on CSX are available to download free of charge at:
http://www.analystsreview.com/1544-CSX-24Apr2014.pdf
DIRECTV, Inc. Analyst Notes
On April 16, 2014, DIRECTV Inc. (DIRECTV) announced that it will host a conference call and webcast to discuss its Q1 2014 financial results, outlook and other forward looking information on May 6, 2014 at 11:00 a.m. PT / 2:00 p.m. ET. On average, analysts polled by Bloomberg expect the Company to report EPS of $1.49. In Q4 2013, the Company had reported net income of $1.53 per share, outpacing the analysts' estimates of $1.30 per share. The full analyst notes on DIRECTV are available to download free of charge at:
http://www.analystsreview.com/1544-DTV-24Apr2014.pdf
PPL Corporation Analyst Notes
On April 18, 2014, PPL Corporation (PPL) announced that PPL Electric Utilities filed a new default service electricity purchase plan with the Pennsylvania Public Utility Commission to purchase electricity for default customers from June 1, 2015, through May 31, 2017. Default customers are those who do not choose to buy generation supply and transmission service from a competitive electricity supplier. According to PPL, the key difference between the proposed default service purchase plan and the current one is that how often the price to compare is adjusted; the price to compare is the price customers pay for generation and transmission if they don't choose a competitive electricity supplier. As per the proposed plan, the price to compare would be updated twice a year, providing more certainty around shopping to customers and providing retail suppliers with more time and flexibility in creating pricing programs to encourage customers to shop. The full analyst notes on PPL are available to download free of charge at:
http://www.analystsreview.com/1544-PPL-24Apr2014.pdf
Calpine Corporation Analyst Notes
On April 18, 2014, Calpine Corporation (Calpine) announced that it has agreed to sell six power plants in its Southeast region to LS Power for $1.57 billion in cash, resulting in divestment of 3.5 GW of non-core assets. According to the Company, the assets portfolio includes 3,498 MW of combined-cycle generation capacity in Oklahoma, Louisiana, Alabama, Florida and South Carolina. Calpine's CEO, Jack Fusco, commented, "This transaction enables us to capture that value for our shareholders today, to accelerate the usage of our net operating losses and to deliver meaningful Adjusted Free Cash Flow Per Share accretion." According to Calpine, the transaction also includes the sale of customary parts and services along with the power plants and related assets and the transaction is expected to close in Q2 2014. Calpine's stock gained 4.63% to close at $22.36 on April 21, 2014, with a trading volume of 6.67 million. The full analyst notes on Calpine are available to download free of charge at:
http://www.analystsreview.com/1544-CPN-24Apr2014.pdf
NRG Energy, Inc. Analyst Notes
On April 21, 2014, NRG Energy, Inc. (NRG Energy) announced that it gave the required notice under the governing indenture for redemption of its outstanding 7.625% Senior Notes due 2019 on May 21, 2014 for cash. According to NRG Energy, the redemption price for the 2019 Notes will be 103.813% of the principal amount of the Notes, plus accrued and unpaid interest to the redemption date of May 21, 2014. The full analyst notes on NRG Energy are available to download free of charge at:
http://www.analystsreview.com/1544-NRG-24Apr2014.pdf
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