Factors Moving Market: Complementary Research on CVR Partners, Boulevard Acquisition, LKQ Corp, National Bank of Greece, and Leju Holdings
NEW YORK, May 6, 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 CVR Partners, LP (NYSE: UAN), Boulevard Acquisition Corp. (NASDAQ: BLVD), LKQ Corp. (NASDAQ: LKQ), National Bank of Greece S.A. (NYSE: NBG), and Leju Holdings Limited (NYSE: LEJU). 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):
UAN Research Report: ( http://get.analystsreview.com/pdf/?c=CVR%20Partners&d=06-May-2015&s=UAN ),
BLVD Research Report: ( http://get.analystsreview.com/pdf/?c=Boulevard%20Acquisition&d=06-May-2015&s=BLVD ),
LKQ Research Report: ( http://get.analystsreview.com/pdf/?c=LKQ%20Corp&d=06-May-2015&s=LKQ ),
NBG Research Report: ( http://get.analystsreview.com/pdf/?c=National%20Bank%20of%20Greece&d=06-May-2015&s=NBG ),
LEJU Research Report: ( http://get.analystsreview.com/pdf/?c=Leju%20Holdings&d=06-May-2015&s=LEJU ).
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Analyst Update: Earnings Update, Acquisition, Ratings Downgrade
U.S. stocks tumbled on Tuesday as investors turned nervous amid a sharp increase in the US trade deficit gap. The NASDAQ Composite slipped 1.55%, to close at 4,939.33, the S&P 500 declined by 1.18%, to 2,089.46, and the Dow Jones Industrial Average end the session at 17,928.20, down 0.79%. European stocks closed lower on Tuesday amid increasing uncertainty over Greece's future. Germany's DAX 30 fell 2.51%, France's CAC 40 declined 2.12%, and the London's FTSE 100 closed 0.84% lower on Tuesday. Meanwhile, Asian markets drifted on Tuesday as the Reserve Bank of Australia cut interest rates and factory output in China stumbled. The Shanghai Composite; Australia's S&P ASX and Hong Kong's Hang Seng index all fell on Tuesday.
CVR Partners, LP, a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, announced its Q1 FY15 financial results on April 30, 2015. The Company's Q1 FY 15 net income was $29.8 million, or 41 cents per fully diluted common unit, on net sales of $93.1 million, compared to net income of $21.5 million, or 29 cents per fully diluted common unit, on net sales of $80.3 million for the first quarter a year earlier.
Boulevard Acquisition Corp. announced on April 30, 2015, that it has agreed to acquire The Dow Chemical Company's AgroFresh unit - a post-harvest specialty chemical business. Upon completion of the transaction, AgroFresh will become a stand‐alone public company listed on NASDAQ with an anticipated initial enterprise value of $879 million, or 8.7x its estimated 2015 EBITDA.
On April 30, LKQ Corporation reported Q1 FY15 revenue of $1.77 billion, an increase of 9.1% as compared to $1.63 billion in Q1 FY14. Net income for Q1 FY15 was $107.1 million, an increase of 2.3% as compared to $104.7 million for the same period of 2014. Diluted EPS was $0.35 for Q1 FY15, which increased 2.9% from $0.34 for Q1 FY14.
On April 30, 2015, Moody's Investors Service has downgraded the long-term deposit and senior debt ratings of three Greek banks, including, National Bank of Greece S.A. to Caa3 from Caa2. All banks' long-term deposit and senior debt ratings carry negative outlooks.
On March 18, 2015, Leju Holdings Limited, a leading online-to-offline real estate services provider in China, announced its unaudited financial results for Q4 FY14 and for the full-year 2014. Total revenues for Q4 FY14 rose by 36% year-on-year to $171.8 million. Revenues from e-commerce services and online advertising rose by 61% and 1% year-on-year to $124.5 million and $43.8 million, respectively.
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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.
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