Factors Moving Markets: New Research on Steel Partners Holdings, Stoneridge, STR Holdings Sturm, Ruger & Co., and Superior Industries
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, January 28, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Steel Partners Holdings (NYSE: SPLP), Stoneridge (NYSE: SRI), STR Holdings (NYSE: STRI), Sturm, Ruger & Co., (NYSE: RGR), and Superior Industries (NYSE: SUP). 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):
SPLP Research Report: ( http://get.analystsreview.com/pdf/?c=Steel%20Partners%20Holdings&d=28-Jan-2015&s=SPLP ),
SRI Research Report: ( http://get.analystsreview.com/pdf/?c=Stoneridge&d=28-Jan-2015&s=SRI ),
STRI Research Report: ( http://get.analystsreview.com/pdf/?c=STR%20Holdings&d=28-Jan-2015&s=STRI ),
RGR Research Report: ( http://get.analystsreview.com/pdf/?c=Sturm%2C%20Ruger%20%26%20Co.&d=28-Jan-2015&s=RGR ),
SUP Research Report: ( http://get.analystsreview.com/pdf/?c=Superior%20Industries&d=28-Jan-2015&s=SUP ).
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Analyst Update: Financial Results, Share Repurchases, and Outlook 2015
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks came under pressure on Tuesday as a surprise drop in durable-goods orders coupled with disappointing corporate earnings raised concerns over the U.S. economy's strength. Commerce Department data showed that orders of U.S. durable goods fell 3.4% in December from a month earlier - the fourth decline in five months. The Dow Jones Industrial Average fell 1.65% to close at 17,387.21, the S&P 500 lost 1.34% to close at 2,029.55, and the Nasdaq Composite declined 1.89% to end at 4,681.50. In Europe, the markets retreated after eight-day long winning streak as continued uncertainty in Greece coupled with disappointing corporate results weighed upon investor sentiments. Meanwhile, Asian markets were mostly higher on Tuesday, led by sharp rebound in Japanese stocks on cheaper yen. Chinese stocks fell for the first time in six days amid concerns over declining profit at major industrial companies.
Steel Partners Holdings LP (Steel Partners Holdings) announced financial results for the third quarter of 2014. The Company posted net income of $14.0 million, or $0.50 per diluted common unit for the quarter, as compared to a net loss of $15.4 million, or $0.52 per diluted common unit, during Q3 2013.
Stoneridge, Inc.'s (Stoneridge) third quarter 2014 net sales grew 5.4% YoY to $170.3 million, driven by higher sales in Electronics and Control Devices segments, partially offset by lower sales to Brazilian customers in PST business segment. Stoneridge also revised its 2014 guidance.
STR Holdings, Inc's (STR Holdings) net sales for Q3 2014 increased 53.0% YoY to $9.5 million. The Company's Q3 2014 sales volume increased by approximately 89% YoY, driven by growth with new Chinese customers and improved demand from the Company's European customer base.
Sturm, Ruger & Company, Inc. (Sturm, Ruger & Co.) announced the repurchase of 680,800 shares of its common stock during Q4 2014. The repurchases were made in open market transactions and represented an aggregate cost of $24.0 million.
Superior Industries International, Inc. (Superior Industries) recently announced its outlook for 2015, projecting it to be an important year for the Company. Net sales are expected to come in the range of $725 - $800 million, while EBITDA margins are anticipated to expand 100 to 200 basis points in 2015.
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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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