Upcoming Investor Conferences, Quarterly Dividends, Financial Results, and New Contracts - Analyst Notes on Dresser-Rand, Roper, Actuant, ABB, and OPT
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NEW YORK, March 25, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Dresser-Rand Group Inc. (NYSE: DRC), Roper Industries, Inc. (NYSE: ROP), Actuant Corporation (NYSE: ATU), ABB Ltd. (NYSE: ABB), and Ocean Power Technologies, Inc. (NASDAQ: OPTT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Dresser-Rand Group Inc. Analyst Notes
On March 19, 2014, Dresser-Rand Group, Inc. (Dresser-Rand) announced that it will be participating at Howard Weil's 42nd Annual Energy Conference at The Roosevelt New Orleans Hotelon March 26, 2014. The Company's President and CEO, Vincent R. Volpe, Jr., is scheduled to present at the conference at 10:45 a.m. CDT / 11:45 a.m. EDT. The Company informed that while there will be no webcast of the presentation, the slides used during the presentation will be posted on its website. The full analyst notes on Dresser-Rand Group Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03252014/DRC/report.pdf
Roper Industries, Inc. Analyst Notes
On March 17, 2014, Roper Industries, Inc. (Roper) announced that its Board of Directors has approved a dividend of $0.20 per share. The dividend is payable on April 25, 2014, to stockholders of record as of April 11, 2014. Roper provides engineered products and solutions for global niche markets, including software information networks, medical, water, energy, and transportation. The full analyst notes on Roper Industries, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03252014/ROP/report.pdf
Actuant Corporation Analyst Notes
On March 19, 2014, Actuant Corporation (Actuant) reported financial results for Q2 FY2014 (period ended February 28, 2014). During the quarter, the Company's total sales increased 9.1% YoY to $328.0 million. Q2 FY2014 net earnings from continuing operations came in at $22.3 million, or $0.30 per diluted share, compared to $25.8 million, or $0.35 per diluted share, in Q2 FY2013. "On a consolidated basis, results in the quarter were generally in line with our forecast and reflected the normal seasonal slowdown. The 4% core sales growth includes significantly improved activity in Energy and continued solid growth in Engineered Solutions,"said Mark E. Goldstein, CEO of Actuant. "We are pleased with the progress we are making on some of the operational issues within Energy that we highlighted last quarter. However, the impact of segment mix, choppy demand, and other inefficiencies related to facility closures and relocations weighed on consolidated profit margins. While our pre-tax income increased year-over-year, tax expense doubled, resulting in a decline in year-over-year second quarter EPS." The full analyst notes on Actuant Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03252014/ATU/report.pdf
ABB Ltd. Analyst Notes
On March 19, 2014, ABB Ltd. (ABB) announced that it has won an order worth approximately $110.0 million from the Saudi Electricity Company (SEC) to construct substations that aims to boost transmission capacity in the country's western region.The Company said that the 110 kV power supply enabled by the substations will serve the settlements of Turbah, Al-Khurmah and Rania, mitigating the use of diesel-generated power in isolated areas. "These substations will strengthen the grid and enhance transmission capacity, bringing much-needed electricity to the region to meet growing domestic and industrial demand," said Claudio Facchin, Head of Power Systems division at ABB. The full analyst notes on ABB Ltd. are available to download free of charge at:
http://www.AnalystsReview.com/03252014/ABB/report.pdf
Ocean Power Technologies, Inc. Analyst Notes
On March 14, 2014, Ocean Power Technologies, Inc. (OPT) reported financial results for Q3 FY2014 (period ended January 31, 2014). During the quarter, the Company's revenue declined to $0.2 million, from $0.9 million in Q3 FY2013. Also, net loss attributable to OPT came in at $0.8 million, or $0.06 loss per share, compared to a net loss of $1.5 million, or $0.14 loss per share, in Q3 FY2013. OPT recently announced that an amended grant agreement related to its planned wave power station project off the coast of Australia was signed with the Australian Renewable Energy Agency (ARENA)."We are very grateful for the support of the Australian Government and ARENA in working with us to make positive improvements to the funding deed and for their supporting our unique and game-changing technology," said Charles F. Dunleavy, CEO of OPT. "This new agreement significantly improves our ability to attract investors during the early stages of the project. We also appreciate the involvement of Lockheed Martin and its continuing efforts as the project enters its next phase." The full analyst notes on Ocean Power Technologies, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03252014/OPTT/report.pdf
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