Earnings Releases, Stock Repurchase, Joint Ventures, and Outlook Releases - Research Reports on Aetna, Caterpillar, Eaton, UTC and Boeing
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NEW YORK, August 1, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Aetna Inc. (NYSE: AET), Caterpillar Inc. (NYSE: CAT), Eaton Corporation Plc (NYSE: ETN), United Technologies Corporation (NYSE: UTX) and The Boeing Company (NYSE: BA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5350-100free.
Aetna Inc. Research Reports
On July 29, 2014, Aetna Inc. (Aetna) announced Q2 2014 operating revenue of $14.5 billion, up 25.3% YoY, largely driven by higher healthcare premiums from approximately one additional month of revenue in 2014 from the Coventry acquisition, membership growth in healthcare businesses and the effects of pricing actions designed to recover healthcare reform mandated fees and taxes. The Company posted Q2 2014 net income of $548.8 million, up 2.4% YoY. Mark T. Bertolini, Chairman, CEO and President, Aetna, said, "Aetna reported solid results across multiple business lines this quarter, achieving record results for medical membership of 23.1 million members and operating revenues of $14.5 billion. Based on our second-quarter performance, we are raising our projection for full-year 2014 operating earnings per share to a range of $6.45 to $6.60 from our previous projection of $6.35 to $6.55 per share." Aetna's stock ended 3.47% down at $81.88, on the same day. The full research reports on Aetna are available to download free of charge at:
http://www.analystsreview.com/Aug-01-2014/AET/report.pdf
Caterpillar Inc. Research Reports
On July 29, 2014, Caterpillar Inc. (Caterpillar) announced a $2.5 billion accelerated stock repurchase agreement with Société Générale with an immediate delivery of approximately 23 million shares based on current market prices. Caterpillar informed that the final number of shares to be repurchased and the aggregate cost per share to Caterpillar will be based on Caterpillar's volume-weighted average stock price during the term of the transactions, which is anticipated to be complete in September 2014. Doug Oberhelman, Chairman and CEO, Caterpillar, said, "Repurchasing an additional $2.5 billion of Caterpillar stock in the third quarter of 2014 will bring our total 2014 stock repurchases to $4.2 billion. This, combined with the 17 percent increase in our quarterly dividend announced in June, clearly shows how we are taking advantage of our strong cash position to deliver superior returns to stockholders." The full research reports on Caterpillar are available to download free of charge at:
http://www.analystsreview.com/Aug-01-2014/CAT/report.pdf
Eaton Corporation Plc Research Reports
On July 24, 2014, Eaton Corporation (Eaton) and Shaanxi Fast Gear Co. Ltd. jointly announced a joint venture agreement aimed at supporting the growing commercial vehicle clutch market in China. As per Eaton, the joint venture will focus upon developing, manufacturing, assembling, testing, selling and servicing clutches and associated clutch components for China's commercial vehicle market. Ken Davis, Eaton President, Vehicle Group, said, "We are pleased to announce our joint venture with SFGW. The comprehensive product development and manufacturing capabilities in our joint venture will enhance Eaton's full-service capability in China's growing commercial vehicle market." The full research reports on Eaton are available to download free of charge at:
http://www.analystsreview.com/Aug-01-2014/ETN/report.pdf
United Technologies Corporation Research Reports
On July 22, 2014, United Technologies Corporation (UTC) reported Q2 2014 financial results. The Company reported Q2 2014 net sales of $17.2 billion, up 7.4% YoY and net sales for H1 2014 equaled $31.9 billion, up 5.0% YoY. The Company posted Q2 2014 EPS of $1.84, up 8.2% YoY and H1 2014 EPS of $3.16, up by 2.3% YoY. UTC beat Thomson Reuters expected earnings of $1.71 for Q2 2014 and expected revenues of $16.84 billion for the same period. Louis Chenevert, UTC Chairman & CEO, said, "Our solid backlogs, organic growth trends, and focus on execution give us confidence to increase the lower end of our earnings per share range. We now expect earnings per share of $6.75 to $6.85, up from $6.65 to $6.85 previously." The full research reports on UTC are available to download free of charge at:
http://www.analystsreview.com/Aug-01-2014/UTX/report.pdf
The Boeing Company Research Reports
On July 30, 2014, The Boeing Company (Boeing) released 2014 Pilot and Technician Outlook at EAA AirVenture Oshkosh. As per the Company, the world's aviation system will require 533,000 new commercial airline pilots and 584,000 new commercial airline maintenance technicians, between 2014 and 2033. Boeing informed that the 2014 outlook forecasts almost 7% YoY rise in pilot demand and over 5% YoY in maintenance training. Sherry Carbary, Vice President, Boeing Flight Services, said, "The challenge of meeting the global demand for airline professionals cannot be solved by one company or in one region of the world. This is a global issue that can only be solved by all of the parties involved-airlines, aircraft and training equipment manufacturers, training delivery organizations, regulatory agencies and educational institutions around the world." The full research reports on Boeing are available to download free of charge at:
http://www.analystsreview.com/Aug-01-2014/BA/report.pdf
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