Share Repurchases Agreements, Board Movements, Financial Results, Acquisitions and Stock Price Movements - Research Report on ADT, Tyco, Expeditors International of Washington, GEO, and Hub Group
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NEW YORK, November 28, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting The ADT Corporation (NYSE: ADT), Tyco International Ltd. (NYSE: TYC), Expeditors International of Washington Inc. (NASDAQ: EXPD), The GEO Group, Inc. (NYSE: GEO), and Hub Group Inc. (NASDAQ: HUBG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
The ADT Corporation Research Report
On November 25, 2013, The ADT Corporation (ADT) announced that it has entered into an agreement to repurchase 10.24 million shares of the Company's common stock beneficially owned by Corvex Management LP (Corvex) at a price of $44.01 per share. According to ADT, the purchase price equals the closing price of ADT common stock as of November 22, 2013. The Company added that Keith Meister, the Founder and Managing Partner of Corvex, has resigned from the Company's Board of Directors, with immediate effect. Naren Gursahaney, ADT CEO, stated, "Keith has been a very productive Board member over the past year. Keith and our other independent Board members have been instrumental in helping management develop and implement a number of important strategic and financial changes that will create lasting value for our shareholders. ADT has benefited from Keith's financial acumen, and on behalf of the Board and ADT's management team, I'd like to thank Keith for his contributions." The Full Research Report on The ADT Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/966c_ADT
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Tyco International Ltd. Research Report
On November 14, 2013, Tyco International Ltd. (Tyco) released its Q4 FY 2013 (period ended September 27, 2013) and full-year FY 2013 financial results. For Q4 FY 2013, net revenues were up by 1.2% YoY to $2.8 billion. Net income attributable to Tyco common shareholders was $166 million or $0.35 per diluted share in Q4 FY 2013, compared to a net loss of $419 million or $0.91 per diluted share in Q4 FY 2012. For Full-year 2013 net revenues were up 2.3% YoY to $10.6 billion. For full-year FY 2013, net income attributable to Tyco common shareholders was $536 million or $1.14 per diluted share, compared to $472 million or $1.02 per diluted share for full-year FY 2012. Tyco added that its Board of Directors have approved an annual dividend increase of 13% from $0.64 to $0.72 per share, subject to shareholder approval at the annual general meeting of shareholders to be held in March of 2014. On the same date, the Company announced the acquisition of Westfire, Inc., which according to Tyco is expected to generate approximately $80 million in annualized revenues in FY 2014. Tyco stated that the transaction closed on November 8, 2013. The Full Research Report on Tyco International Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/f0c5_TYC
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Expeditors International of Washington Inc. Research Report
On November 25, 2013, Expeditors International of Washington Inc.'s stock closed the day at $43.77, reflecting a gain of 0.34%. Over the previous three trading sessions, the Company's stock was up by 0.78%, compared to the Dow Jones Industrial Average which went up by 1.08% during the same trading period. The Full Research Report on Expeditors International of Washington Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/58a9_EXPD
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The GEO Group, Inc. Research Report
On November 6, 2013, The GEO Group, Inc. (GEO) released its Q3 2013 financial results. The Company's reported revenues were up by 2.91% YoY to $379.8 million during the quarter. Net income attributable to GEO was $29.9 million or $0.42 per diluted share in Q3 2013, compared to $15.6 million or $0.25 per diluted share in Q3 2012. Commenting on the results, George C. Zoley, Chairman and CEO of GEO, stated, "We are pleased with our third quarter results, which continue to reflect strong operational and financial performance from our diversified business units. During the third quarter, we achieved several important milestones including several new contract awards totaling more than 5,700 beds which are expected to generate approximately $98 million of annualized revenue. We have also increased our quarterly dividend by 10% to $0.55 per share. We continue to be optimistic regarding the growth opportunities in our industry which we expect will continue to create value for our shareholders." The Company also confirmed its Q4 2013 revenue guidance of $378 million to $383 million. The Full Research Report on The GEO Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/4424_GEO
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Hub Group Inc. Research Report
On November 25, 2013, Hub Group Inc.'s (Hub Group) stock was up by 2.14% as it closed the day at $37.24. During the past three trading sessions, the Company's stock climbed 3.65%, compared to the Nasdaq Composite which went up 1.87% during the same period. The Full Research Report on Hub Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/0065_HUBG
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