Portfolio Restructuring, Milestones, Earnings Releases and Schedules, and Collaborations - Analyst Notes on Novartis, Lockheed Martin, Raytheon, NVR and Gap
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NEW YORK, April 24, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Novartis AG (NYSE: NVS), Lockheed Martin Corporation (NYSE: LMT), Raytheon Co. (NYSE: RTN), NVR Inc. (NYSE: NVR) and Gap Inc. (NYSE: GPS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1548-100free.
Novartis AG Analyst Notes
On April 22, 2014, Novartis AG (Novartis) announced a major portfolio restructuring, involving exchange of certain assets with GlaxoSmithKline plc (GSK) and divesture of its Animal Health Division to Eli Lilly and Company (Lilly), to increase its focus on leading businesses of innovative pharmaceuticals, eye care and generics. Novartis stated that it has agreed to acquire GSK oncology products for $14.5 billion, while divesting its vaccines business to GSK for $7.1 billion plus royalties. The two companies have also agreed to combine their consumer businesses through a joint venture between Novartis OTC and GSK Consumer Healthcare. In a separate transaction, Novartis has agreed to divest its Animal Health Division to Lilly for approximately $5.4 billion. The transaction with Lilly is expected to close by the end of Q1 2015 and the transaction with GSK is expected to close during H1 2015. Novartis' ADR ended higher by 1.29% at $86.56. The full analyst notes on Novartis are available to download free of charge at:
http://www.analystsreview.com/1548-NVS-24Apr2014.pdf
Lockheed Martin Corporation Analyst Notes
On April 21, 2014, Lockheed Martin Corporation (Lockheed Martin) announced that its Joint Light Tactical Vehicle (JLTV) has achieved 100,000 miles in the Government's Engineering & Manufacturing Development (EMD) reliability, availability and maintainability (RAM) testing. In August 2013, Lockheed Martin delivered 22 JLTVs to the U.S. Army and Marine Corps for EMD testing, which will continue through the fall. Scott Greene, VP of Ground Vehicles for Lockheed Martin Missiles and Fire Control, said, "Our JLTV continues to demonstrate excellent reliability. With this 100,000-mile milestone now in our rear-view mirror, we look forward to continue proving to our Army and Marine Corps customers that our JLTV delivers the most capability at the right price." The full analyst notes on Lockheed Martin are available to download free of charge at:
http://www.analystsreview.com/1548-LMT-24Apr2014.pdf
Raytheon Co. Analyst Notes
On April 15, 2014, Raytheon Co. (Raytheon) announced that it will issue its Q1 2014 earnings release on April 24, 2014 at 7 a.m. EDT, which will be followed by a conference call the same day at 9 a.m. EDT. On average, analysts polled by Bloomberg expect the Company's Q1 2014 EPS to rise to $1.76 from $1.56 in Q1 2013. In Q4 2013, Raytheon had reported EPS at $1.58, outpacing the Bloomberg's consensus estimate of $1.35. The full analyst notes on Raytheon are available to download free of charge at:
http://www.analystsreview.com/1548-RTN-24Apr2014.pdf
NVR Inc. Analyst Notes
On April 21, 2014, NVR, Inc. (NVR) released its Q1 2014 financial results and disappointed the street by posting a decline in its net income to $23.8 million, or $5.16 per diluted share, from $35.0 million, or $6.84 per diluted share, in Q1 2013. Analysts polled by Bloomberg had expected the Company's EPS at $9.69. NVR's stock fell 4.13% to close at $1,070.54 following the announcement. The decline in NVR's bottom-line during Q1 2014 was mainly due to increased competition in mortgage lending market which led to reduced loan profitability. Operating income for the mortgage banking operations during Q1 2014 decreased 91% YoY to $991,000. Consolidated revenues for the Q1 2014 totaled $811.3 million, a 5.33% increase from $770.3 million for Q1 2013. The full analyst notes on NVR are available to download free of charge at:
http://www.analystsreview.com/1548-NVR-24Apr2014.pdf
Gap Inc. Analyst Notes
On April 21, 2014, Gap Inc. (Gap) announced that Banana Republic, a division of Gap Inc., and celebrated designer Roland Mouret have launched the Roland Mouret for Banana Republic Collection. According to the Company, the collection highlights Mouret's keen understanding of fit and the female form through the use of Banana Republic's signature Sloan fabric. The Company informed that the limited-edition collection launches exclusively at select Banana Republic locations worldwide and online in early August 2014. The full analyst notes on Gap are available to download free of charge at:
http://www.analystsreview.com/1548-GPS-24Apr2014.pdf
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