The Road Ahead -- New Reports on Intrepid Potash, Israel Chemicals, Jacobs Engineering, KapStone Paper and KBR Inc.
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 24, 2014 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Intrepid Potash (NYSE: IPI), Israel Chemicals (NYSE: ICL), Jacobs Engineering (NYSE: JEC), KapStone Paper (NYSE: KS), and KBR Inc. (NYSE: KBR). 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):
IPI Research Report: ( http://get.analystsreview.com/pdf/?c=Intrepid%20Potash&d=24-Dec-2014&s=IPI ),
ICL Research Report: ( http://get.analystsreview.com/pdf/?c=Israel%20Chemicals&d=24-Dec-2014&s=ICL ),
JEC Research Report: ( http://get.analystsreview.com/pdf/?c=Jacobs%20Engineering&d=24-Dec-2014&s=JEC ),
KS Research Report: ( http://get.analystsreview.com/pdf/?c=KapStone%20Paper&d=24-Dec-2014&s=KS ),
KBR Research Report: ( http://get.analystsreview.com/pdf/?c=KBR%20Inc.&d=24-Dec-2014&s=KBR ).
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Analyst Update: Financial Results, Investment, Extension of Contract, Dividend and Business Transformation
Reviewed by: Rohit Tuli, CFA®
The U.S. stock markets on Tuesday closed mostly higher with the Dow Jones Industrial Average (DJIA) closing above 18,000 for the first time, amidst positive data, which showed that economic activity in third quarter expanded at its fastest pace since Q3 2003. The DJIA closed at 18,024.17, up 0.36%, while the S&P 500 closed at record high of 2,082.2, up 0.17%. The NASDAQ, however, ended the day in red, down 0.33% at 4,765.4. The U.S. markets got a boost from the revised Q3 GDP growth data, which showed that the Country's GDP accelerated to an annualized rate of 5.0%, up from 3.9%, predicted earlier. European stocks too rose, buoyed by positive across the Atlantic, even though a fall in Greek stocks kept a lid on gains. The stocks were also helped by positive economic news from Spain and Portugal. The Bank of Spain raised its economic forecast, while Portugal's budget deficit shrank to 4.3% of its GDP in the 12 months to the end of September, from 4.8% a year earlier. The Asian stock markets ended the day on a mixed note with lower trading volumes ahead of Christmas holiday.
Intrepid Potash, Inc.'s (Intrepid Potash) third quarter 2014 top line witnessed strong growth with 45.5% YoY improvement in potash sales volumes and 95.5% YoY growth in Langbeinite - Trio® sales volumes. The Company reported losses for the quarter, compared to profits reported in the same quarter previous year.
Israel Chemicals Ltd. (Israel Chemicals) announced its plan to invest $500 million for a 50% ownership in a joint venture that will operate a fully integrated, world-scale phosphate business in China and a 15% strategic holding in Yunnan Yuntianhua Group Co. Ltd, Asia's leading producer of phosphate rock.
BP selected Jacobs Engineering Group Inc. (Jacobs Engineering) to continue its role as Strategic Supplier of mid-cap work on a global basis. The new contract replaces the old one that has been in place since 2002. The contract value was not made public.
KapStone Paper and Packaging Corp.'s (KapStone Paper) Board of Directors has approved the initiation of a regular quarterly dividend of $0.10 per share. The dividend, which was declared on December 16, 2014, is payable on January 12, 2015 to shareholders of record as on December 30, 2014.
KBR, Inc. (KBR Inc.) announced major business transformation following a strategic review to emerge as a more streamlined, empowered and accountable global organization. Following the strategic review, the Company intends to divest or exit certain non-strategic businesses in a move to streamline its global operations and drive efficiency with a goal of reducing annual operating costs of at least $200 million by 2016.
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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.
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SOURCE: AnalystsReview.com
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