Upcoming Conferences, Quarterly Earnings, and Dividend Announcements - Analyst Notes on Alcoa, BP, Ensco, HollyFrontier and Tyson
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NEW YORK, May 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Alcoa Inc. (NYSE: AA), BP Plc (NYSE: BP), Ensco Plc (NYSE: ESV), HollyFrontier Corp. (NYSE: HFC) and Tyson Foods Inc. (NYSE: TSN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2229-100free.
Alcoa Inc. Analyst Notes
On May 6, 2014, Alcoa Inc. (Alcoa) announced that the Company's Executive Vice President and CFO William F. Oplinger will present at the 31st annual Bank of America Merrill Lynch Global Metals, Mining and Steel Conference to be held between May 13- 15, 2014 in Miami Beach, Florida. The Company informed that Oplinger will speak at 3:30 p.m. EDT and will discuss about the Company's value-add businesses and how the Company is dealing with demand in growing markets, while lowering the cost base of the Company's commodity business to improve profitability. The full analyst notes on Alcoa are available to download free of charge at:
http://www.analystsreview.com/2229-AA-08May2014.pdf
BP Plc Analyst Notes
On April 29, 2014, BP Plc (BP) reported a drop in Q1 2014 earnings on lower production. The Company reported Q1 2014 total revenues and other income of $93.0 billion, a decline of 13.3% YoY. Net earnings attributable to BP shareholders came in at $3.6 billion or 18.97 cents per diluted share, compared to net income of $16.9 billion or 87.61 cents per diluted share in Q1 2013. Earnings adjusted for one-time items and inventory changes fell to $3.2 billion from $4.2 billion in the year ago period, but matched analysts' estimates of $3.2 billion surveyed by Bloomberg. The Company also announced a quarterly dividend of 9.75 cents per ordinary share to be paid in June 2014, an increase of 8.3% YoY. BP informed that the Company is nearing completion of its current $8.0 billon share buyback program, with $7.6 billion spent repurchasing shares for cancellation. The full analyst notes on BP are available to download free of charge at:
http://www.analystsreview.com/2229-BP-08May2014.pdf
Ensco Plc Analyst Notes
On April 28, 2014, Ensco Plc (Ensco) released its Q1 2014 earnings. The Company reported quarterly operating revenues of $1.2 billion, up 3.2% YoY driven by an increase in the average day rate that more than offset a decline in reported utilization. During the quarter, the Company's revenues from floaters segment improved 3.0% YoY to $740.5 million, primarily due to ENSCO DS-7 commencing its initial contract and ENSCO DS-6 operating for a full three months during Q1 2014, versus a partial quarter during Q1 2013. Q1 2014 net income attributable to Ensco came in at $292.5 million or $1.25 per diluted share, compared to a net income of $317.1 million or $1.36 per diluted share in Q1 2013. Adjusted for $13 million, $0.06 per share, of certain discrete tax items, diluted EPS were $1.31. Analysts polled by Thomson Reuters expected the Company to report EPS of $1.21 for Q1 2014. The full analyst notes on Ensco are available to download free of charge at:
http://www.analystsreview.com/2229-ESV-08May2014.pdf
HollyFrontier Corp. Analyst Notes
On May 6, 2014, HollyFrontier Corp. (HollyFrontier) - the independent petroleum refiner and marketer, released its Q1 2014 earnings, which reflected fall in refining margins. The Company reported Q1 2014 sales and other revenues of $4.8 billion, up 1.8% YoY. The Company's Q1 2014 net income attributable to HollyFrontier stockholders came in at $152.1 or $0.76 per diluted share, compared to net income of $333.7 million or $1.63 per diluted share in Q1 2013. According to the Company, the decline in quarterly net income reflects lower first quarter refining margins. Refinery gross margins for Q1 2014 were $14.75 per produced barrel, a 36.7% decline YoY. Analysts polled by Thomson Reuters expected the Company to post Q1 2014 EPS of $0.77 on revenue of $4.18 billion. The full analyst notes on HollyFrontier are available to download free of charge at:
http://www.analystsreview.com/2229-HFC-08May2014.pdf
Tyson Foods Inc. Analyst Notes
On May 5, 2014, Tyson Foods Inc. (Tyson) announced that during a meeting held on May 1, 2014, the Company's Board of Directors declared a quarterly dividend of $0.075 per share on Class A common stock and $0.0675 per share on Class B common stock, payable on September 15, 2014, to shareholders of record at the close of business on September 1, 2014. The full analyst notes on Tyson are available to download free of charge at:
http://www.analystsreview.com/2229-TSN-08May2014.pdf
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