Quarterly Performance Reviews, Dividend Declarations and Technical Updates - Research Reports on CF Industries, HollyFrontier, Kraft Foods, Mohawk and Archer Daniels
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NEW YORK, August 19, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding CF Industries Holdings, Inc. (NYSE: CF), HollyFrontier Corporation (NYSE: HFC), Kraft Foods Group, Inc. (NASDAQ: KRFT), Mohawk Industries Inc. (NYSE: MHK) and Archer Daniels Midland Company (NYSE: ADM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5806-100free.
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CF Industries Holdings, Inc. Research Reports
On August 6, 2014, CF Industries Holdings, Inc. (CF Industries) announced its Q2 2014 financial results. The Company reported net income attributable to common stockholders of $312.6 million or $6.10 per diluted share, compared with $498.2 million, or $8.38 per diluted share, in Q2 2013. Net sales during the quarter also fell 14.1% YoY to $1.5 billion. According to Thomson Reuters, on average analysts had expected the Company to earn $6.71 per share on sales of $1.34 billion. The Company's Nitrogen segment sales fell to $1.4 billion in Q2 2014 from $1.5 billion in Q2 2013, mainly due to a decline in overall average selling prices. Further, lower selling prices coupled with high costs of natural gas weighed upon Nitrogen segment's gross margin which declined to 40.6% versus 55.5% in Q2 2013. CF Industries informed that it has increased its quarterly dividend per share from $1.00 to $1.50 and has also authorized an additional $1.0 billion for share repurchases. The full research reports on CF Industries are available to download free of charge at:
http://www.analystsreview.com/Aug-19-2014/CF/report.pdf
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HollyFrontier Corporation Research Reports
On August 6, 2014, HollyFrontier Corporation (HollyFrontier) announced its Q2 2014 financial results. Net income attributable to stockholders fell 31.3% YoY to $176.4 million, mainly due to lower refining margins. The Company's refinery gross margins were $14.54 per produced barrel, compared to $20.28 per produced barrel for Q2 2013. HollyFrontier's sales and other revenue during the quarter totaled $5.4 billion, a growth of 1.4% YoY. "We are pleased with our consistent refining operations and financial results for the quarter. Although refined product margins decreased compared to the prior year quarter, our margins are healthy and we expect further growth in North American crude oil production to continue to provide us with a structural crude advantage," said HollyFrontier's President & CEO Mike Jennings. HollyFrontier also announced today that its Board of Directors has declared a special cash dividend of $0.50 per share, payable on September 15, 2014 to holders of record of common stock on August 27, 2014. In addition, the Board of Directors also approved a regular quarterly dividend of $0.32 per share, payable on September 25, 2014 to holders of record of common stock on September 2, 2014. The full research reports on HollyFrontier are available to download free of charge at:
http://www.analystsreview.com/Aug-19-2014/HFC/report.pdf
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Kraft Foods Group, Inc. Research Reports
On July 30, 2014, Kraft Foods Group, Inc. (Kraft Foods) announced its Q2 FY 2014 (period ended June 28, 2014) financial results. The Company's net income during the quarter declined to $482 million or $0.80 per diluted share from $829 million or $1.38 per diluted share Q2 FY 2013. According to the Company, its earnings of Q2 FY 2013 included $369 million benefit (after-tax) from market-based impacts to certain post-employment benefit plans. Revenue during the quarter rose 0.7% YoY to $4.7 billion. Kraft Foods stated that excluding the benefits of Easter shifting to second quarter this year, its volumes were negatively impacted by significant price hikes in response to higher input costs. Analysts polled by Reuters had projected earnings of $0.82 per share on revenue of $4.84 billion. The full research reports on Kraft Foods are available to download free of charge at:
http://www.analystsreview.com/Aug-19-2014/KRFT/report.pdf
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Mohawk Industries Inc. Research Reports
On August 14, 2014, the stock of Mohawk Industries, Inc. (Mohawk) gained 2.9% to end the trading session at $139.92. During the session, the stock opened at $136.10 and fluctuated in the range of $136.07 - $139.96. Over the past one-month, the stock has returned 7.47%, outperforming the Dow Jones Industrial Average which fell 2.00% during the same time period. Moreover, the stock has risen 12.1% since July 31, 2014, when the Company released its Q2 2014 financial results. Mohawk's Q2 2014 net income grew 80.6% YoY to $152.8 million. The full research reports on Mohawk are available to download free of charge at:
http://www.analystsreview.com/Aug-19-2014/MHK/report.pdf
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Archer Daniels Midland Company Research Reports
On August 6, 2014, Archer Daniels Midland Company (ADM) announced that its Board of Directors has declared a cash dividend of $0.24 per share on the Company's common stock payable September 11, 2014, to stockholders of record August 21, 2014. ADM informed that this dividend represents its 331st consecutive quarterly payment. The full research reports on Archer Daniels are available to download free of charge at:
http://www.analystsreview.com/Aug-19-2014/ADM/report.pdf
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