Production Updates, Financial Results Schedules, Stock Price Updates, and Acquisitions - Analyst Notes on Rio Tinto, BHP Billiton, Silver Wheaton, Weatherford and Johnson Controls
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NEW YORK, April 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Rio Tinto plc (NYSE: RIO), BHP Billiton Ltd. (NYSE: BHP), Silver Wheaton Corp. (NYSE: SLW), Weatherford International Ltd. (NYSE: WFT) and Johnson Controls Inc. (NYSE: JCI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1400-100free.
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Rio Tinto plc Analyst Notes
On April 15, 2014, Rio Tinto plc (Rio Tinto) reported Q1 2014 production results, with record iron ore production, shipments and rail volumes. The Company informed that the shipments from the Pilbara exceeded production in the quarter, amid the impact of tropical cyclone Christine due to which the ports remained closed for three days at the end of 2013 and affected the progressive recovery of rail and ports into January 2014. The Company reported record Q1 2014 global iron ore production of 66.4 million tonnes and shipments of 66.7 million tonnes. The Company's iron ore production at Pilbara came in at 50.6 million tonnes, up 10% YoY. However, the Company reaffirmed its iron ore production guidance for full-year 2014 at approximately 295 million tonnes. Rio Tinto's Kennecott Utah Copper, mined copper (up 44%) and gold (36%) contained in concentrates also demonstrated improved performance. The full analyst notes on Rio Tinto are available to download free of charge at:
http://www.analystsreview.com/1400-RIO-22Apr2014.pdf
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BHP Billiton Ltd. Analyst Notes
On April 16, 2014, BHP Billiton Ltd. (BHP Billiton) reported its operational review for the nine-month period ended March 31, 2014, with total petroleum production growth of 3% to 181.3 MMboe. The Company's metallurgical coal production for the nine-month period increased by 24% YoY to a record 33.2 Mt, also increasing its full-year metallurgical coal production guidance by 2.5 Mt to 43.5 Mt. BHP Billiton further reported its iron ore production as 147.4 Mt, representing a growth of 21% YoY. The Company informed that its Alumina production during the nine-month period grew 7% to 3.9 Mt with record production at both the Worsley and Alumar refineries. CEO Andrew Mackenzie said, "By maintaining strict financial discipline and a focus on our four pillars of Iron Ore, Copper, Coal and Petroleum, we continue to believe that an average rate of return of greater than 20% is achievable for our major development options." The full analyst notes on BHP Billiton are available to download free of charge at:
http://www.analystsreview.com/1400-BHP-22Apr2014.pdf
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Silver Wheaton Corp. Analyst Notes
On April 8, 2014, Silver Wheaton Corp. (Silver Wheaton) announced that it will release its Q1 2014 results on Thursday, May 8, 2014, after market close. The Company informed that it will also hold a conference call on Friday, May 9, 2014, beginning at 11:00 a.m. (ET) to discuss these results. According to Zacks Investment Research, the consensus EPS estimate for Q1 2014 is $0.21. The full analyst notes on Silver Wheaton are available to download free of charge at:
http://www.analystsreview.com/1400-SLW-22Apr2014.pdf
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Weatherford International Ltd. Analyst Notes
On April 16, 2014, the shares in Weatherford International Ltd. (Weatherford) gained 6.81%, closing the day at $18.20, significantly exceeding the performance of the broader market index (NYSE Composite) which increased 1.00% during the same period. During the session, the Company's shares opened at $17.54 and oscillated in the range of $17.36 - $18.28. The stock reached its 52-week high of $18.28 during the intra-day trading. A total of 21.76 million shares changed hands during the day. Over the past 12 months, shares in the Company increased 45.14%, as compared to the NYSE Composite which increased 14.34% during the same period. The Street stated that for 2014, the market expects an improvement in earnings of Weatherford to $1.05 as compared to a loss of $0.44 in the previous year. The full analyst notes on Weatherford are available to download free of charge at:
http://www.analystsreview.com/1400-WFT-22Apr2014.pdf
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Johnson Controls Inc. Analyst Notes
On April 16, 2014, Johnson Controls Inc. (Johnson Controls) announced that it has reached a definitive agreement with the Canada Pension Plan Investment Board to acquire its Air Distribution Technologies business for approximately $1.6 billion. According to the Company, this investment expands Johnson Controls' position in the buildings industry through a broad range of air distribution products which includes brands such as Ruskin®, Titus®, Hart & Cooley®, Krueger™, PennBarry™, Tuttle & Bailey® and many others. "Air Distribution Technologies customers will have undisrupted access to the products and brands that they have come to expect. This new channel will provide an important growth platform for Johnson Controls as we continue to pursue additional investments in new products and increase our market coverage worldwide," said Alex Molinaroli, Chairman and CEO. The full analyst notes on Johnson Controls are available to download free of charge at:
http://www.analystsreview.com/1400-JCI-22Apr2014.pdf
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