Upcoming Earnings & Conference Call Schedules, and Quarterly Earnings Release - Analyst Notes on Apple, Tesla, Harley-Davidson, PMI and Allison Transmission
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, April 25, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Apple Inc. (NASDAQ: AAPL), Tesla Motors Inc. (NASDAQ: TSLA), Harley-Davidson Inc. (NYSE: HOG), Philip Morris International Inc. (NYSE: PM) and Allison Transmission Holdings Inc. (NYSE: ALSN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1606-100free.
Apple Inc. Analyst Notes
On April 23, 2014, Apple Inc. (Apple) released its Q2 FY 2014 earnings (period ended March 29, 2014). The Company reported Q2 FY 2014 net sales of $45.6 billion, up 4.7% YoY. The Company's iPhone sales were 43.7 million units beating analysts' estimates of 37.7 million, as reported by Bloomberg. Net income came in at $10.2 billion or $11.62 per share, surpassing analysts' estimates of $10.17 EPS on revenues of $43.5 billion. Apple earmarked an additional $30 billion for buyback through next year, bringing the total to $90 billion during that time frame. The Company also raised its quarterly dividend 8% to $3.29 per share and a 7-for-1 stock split. For Q3 FY 2014, the Company expects revenue in the range of $36 billion -$38 billion. Apple's stock soared almost 8%, to $566.15 in extended trading after the results. The full analyst notes on Apple are available to download free of charge at:
http://www.analystsreview.com/1606-AAPL-25Apr2014.pdf
Tesla Motors Inc. Analyst Notes
On April 22, 2014, shares of Tesla Motors Inc. (Tesla) rallied almost 7% to end the day at $218.64. As per an article on The Wall Street Journal, Tesla CEO Elon Musk said that Japan's Panasonic Corp. will likely be Tesla's partner in a planned $5 billion U.S. battery factory, and that the Company would release details in two or three months. In a separate press release, dated April 18, 2014, Tesla announced that the Company plans to release its Q1 2014 financial results on May 7, 2014, after the market close. On the same day, the Company will hold a live Q&A session at 2:30 p.m. PT or 5:30 p.m. ET to discuss its financial and business results and outlook. As per the Zacks consensus estimate, Tesla is expected to post a diluted loss per share of $0.10. The full analyst notes on Tesla are available to download free of charge at:
http://www.analystsreview.com/1606-TSLA-25Apr2014.pdf
Harley-Davidson Inc. Analyst Notes
On April 22, 2014, Shares in Harley-Davidson Inc. (Harley-Davidson) rallied 6.41% and made a new 52-week of $73.50, following the release of its Q1 2014 earnings. The Company reported Q1 2014 motorcycles and related products revenue of $1.6 billion, up 11.1% YoY, beating Zacks consensus estimate $1.52 billion. During the quarter, the Company's revenue from motorcycles segment, which constitutes 83% of the total revenue improved 13.1% YoY to $1.3 billion along with a 7.7% YoY rise in revenue from parts and accessories to $198.1 million. Q1 2014 net income came in at $265.9 million or $1.21 per diluted share, beating Zacks consensus estimate of $1.08 per share. For Q2 2014, the Company expects to ship 92,000 to 97,000 motorcycles, up from shipments of 84,606 motorcycles in Q2 2013. For 2014, the Company hopes to achieve an operating margin of 17.5% to 18.5% in the motorcycles segment. The full analyst notes on Harley-Davidson are available to download free of charge at:
http://www.analystsreview.com/1606-HOG-25Apr2014.pdf
Philip Morris International Inc. Analyst Notes
On April 17, 2014, Philip Morris International Inc. (PMI) released its Q1 2014 financial and operating results. The Company reported Q1 2014 net revenues of $17.8 billion, down 4.0% YoY, trailing Zacks consensus, as the Company's total shipment volume declined 4.4% YoY to 196 billion units. Q1 2014 net earnings attributable to PMI came in at $1.9 billion or $1.18 per diluted share, compared to Q1 2013 net income of $2.1 billion or $1.28 per diluted share in Q1 2013. The Company's Q1 2014 adjusted EPS came in at $1.19 beating the Zacks consensus EPS forecast of $1.17. PMI revised its 2014 reported diluted EPS forecast to be in a range of $5.09 to $5.19, versus $5.26 in 2013. The full analyst notes on PMI are available to download free of charge at:
http://www.analystsreview.com/1606-PM-25Apr2014.pdf
Allison Transmission Holdings Inc. Analyst Notes
On April 16, 2014, Allison Transmission Holdings Inc. (Allison Transmission) released its Q1 2014 earnings. The Company reported quarterly net sales of $493.6 million, up 7.9% YoY driven by continued recovery in North America On-Highway end market, which posted a 23.9% YoY increase in net sales to $233 million. Net sales were also aided by growth in Service Parts, Support Equipment & Other segment, which posted a 17.8% YoY rise in sales to $106 million. However, the rise in North America On-Highway and Service Parts, Support Equipment & Other segment sales was partially offset by a 40.4% YoY decline in sales from the Defense segment. The Company's Q1 2014 net income stood at $52.1 million or $0.28 per diluted share, compared to net income of $27.5 million or $0.15 per diluted share in Q1 2013. The full analyst notes on Allison Transmission are available to download free of charge at:
http://www.analystsreview.com/1606-ALSN-25Apr2014.pdf
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