Outlook and Earnings Roundup: Complementary Reports on Harman, Dollar Tree, Berry Plastics, BP Plc, and JM Smucker
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, February 4, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Harman (NYSE: HAR), Dollar Tree (NASDAQ: DLTR), Berry Plastics (NYSE: BERY), BP Plc (NYSE: BP), and JM Smucker (NYSE: SJM). 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):
HAR Research Report: ( http://get.analystsreview.com/pdf/?c=Harman&d=04-Feb-2015&s=HAR ),
DLTR Research Report: ( http://get.analystsreview.com/pdf/?c=Dollar%20Tree&d=04-Feb-2015&s=DLTR ),
BERY Research Report: ( http://get.analystsreview.com/pdf/?c=Berry%20Plastics&d=04-Feb-2015&s=BERY ),
BPResearch Report: ( http://get.analystsreview.com/pdf/?c=BP%20Plc&d=04-Feb-2015&s=BP ),
SJM Research Report: ( http://get.analystsreview.com/pdf/?c=JM%20Smucker&d=04-Feb-2015&s=SJM ).
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Analyst Update: Business Outlook, Acquisition, Dividend Declarations, and Financial Results
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks gained for the second consecutive session on Tuesday as a continued recovery in the oil prices coupled with rising hopes of a Greek debt deal eased some concerns over the global economy. Helped by rally in the energy shares, the S&P 500 index advanced 1.44% on Tuesday to close at 2,050.03. The index has advanced 2.76% over the last two sessions, erasing most of its decline in the month of January. The Dow Jones Industrial Average rose 1.76% to close at 17,666.40, and the Nasdaq Composite gained 1.09% to end at 4,727.74. Adding to the gains were shares of automobile companies after January car sales topped market expectations. Meanwhile, the hopes of Greek debt deal also helped European stocks advance on Tuesday. Greek Finance Minister said that the new PM was working on a "road plan" to ease the country's debt burden, and hoped to reach an agreement with the Greece's lenders by the beginning of June. In Asia, markets ended on a mixed note as Chinese and Australian stocks gained while Japanese stocks ended lower.
Harman International Industries Inc (Harman) reported better-than-expected Q2 FY 2015 financial numbers and raised full-year FY 2015 financial guidance of operational EBITDA and operational earnings per share to $715 million and $5.85, respectively. Read more about the earnings release and business outlook in our research report on Harman.
Dollar Tree Inc (Dollar Tree) said that it may have to divest more stores than earlier predicted to satisfy Federal Trade Commission (FTC), which is reviewing its planned acquisition of Family Dollar Stores Inc, after the shareholders of the latter approved the merger on January 22, 2015. Read in detail about the timeline of this acquisition in our research report on Dollar Tree.
Shares of Evansville, Illinois-based Berry Plastics Group Inc. (Berry Plastics) scaled new highs, after the firm reported better-than-expected Q1 FY 2015 financial results. Adjusted earnings from continuing operations came in at 27 cents per share in the quarter, narrowly beating the Zacks consensus estimate by $0.01. A further detailed analysis of the financial results and management's viewpoint is available in our research report on Berry Plastics.
BP Plc reported a replacement cost loss of $969 million for Q4 2014, as the London-based Company took significant impairment charges in the quarter. BP Plc said that organic capital expenditure in 2015 is expected to total around $20 billion, significantly lower than previous guidance of $24-26 billion, and $22.9 billion for 2014. To get a detailed breakdown of the latest financial results read our research report on BP Plc.
The J. M. Smucker Company (JM Smucker) marked its entry into the growing pet industry by agreeing to acquire Big Heart Pet Brands in a cash and stock transaction valued at approximately $5.8 billion, which includes approximately $2.6 billion of net debt. Know more about the acquisition deal on our research report on JM Smucker.
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About Analysts Review
At Analysts Review, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
Analysts Review was designed for investors. By providing the best information available, we have set ourselves apart as one of the premier online investor communities.
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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.
Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.analystsreview.com/editors
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