What Influences the Market: Complementary Research on Mechel, Seadrill Partners, HRG Group, GoPro, and Mondelez International
NEW YORK, May 5, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Mechel OAO (NYSE: MTL), Seadrill Partners LLC (NYSE: SDLP), HRG Group, Inc. (NYSE: HRG), GoPro, Inc. (NASDAQ: GPRO), and Mondelez International, Inc. (NASDAQ: MDLZ). 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):
MTL Research Report: ( http://get.analystsreview.com/pdf/?c=Mechel%20OAO&d=05-May-2015&s=MTL ),
SDLP Research Report: ( http://get.analystsreview.com/pdf/?c=Seadrill%20Partners&d=05-May-2015&s=SDLP ),
HRG Research Report: ( http://get.analystsreview.com/pdf/?c=HRG%20Group&d=05-May-2015&s=HRG ),
GPRO Research Report: ( http://get.analystsreview.com/pdf/?c=GoPro%20Inc.&d=05-May-2015&s=GPRO ),
MDLZ Research Report: ( http://get.analystsreview.com/pdf/?c=Mondelez%20International&d=05-May-2015&s=MDLZ ).
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Analyst Update: Financial Results, Cash Distribution, and Acquisitions
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed higher on Monday, led by better than expected corporate earnings. The S&P 500 closed at 2114.49, up 0.29%, the Dow Jones Industrial Average gained 0.26% to 18070.4, and the NASDAQ Composite ended the session at 5016.929, up 0.23%. European stocks gained on Monday, supported by strong manufacturing data across the region. Germany's DAX 30 rose 1.44%, and France's CAC 40 jumped 0.70%, while U.K. markets were closed for a public holiday. Meanwhile, Asian markets were mostly up on Monday, amid expectations that China will deploy stimulus measures to tackle slowing economic growth. The Shanghai Composite and Australia's S&P ASX ended higher, while Hong Kong's Hang Seng index closed flat.
Mechel, a leading Russian mining and steel group, announced its financial results for the full year 2014 on April 28, 2015. The Company reported consolidated revenue of $6.4 billion in FY 2014, down 25% YoY, primarily led by sharp currency depreciation and grim economic conditions. However, adjusted operating income was up by 13% YoY in 2014, to $126 million.
Seadrill Partners, in a press note on April 27, 2015, announced that its board of directors has confirmed a quarterly cash distribution of $0.5675 per unit, with respect to the quarter ended March 31, 2015, in line with the fourth quarter distribution.
HRG Group (HRG), a diversified holding company focused on owning and acquiring businesses, announced on April 28, 2015 that its majority owned subsidiary, Spectrum Brands, has agreed to acquire Armored AutoGroup, the leader in the US automotive aftermarket appearance category. Spectrum is likely to finance the $1.4 billion cash purchase price of the acquisition and other associated fees and expenses through a blend of new debt and approximately $500 million of Spectrum common stock.
GoPro, maker of the world's most versatile cameras, announced its first quarter 2015 results on April 28, 2015. Revenue increased to $363.1 million in Q1 2015, up 54.0% YoY. Gross margin improved to 45.1% in Q1 2014 compared to 40.9% in the same period last year. Meanwhile, operating income grew by 34.5% YoY to $22.3 million in Q1 2015.
Mondelez International (Mondelez), a global snacking powerhouse, reported its first quarter 2015 results on April 29, 2015. On a reported basis, net revenues were $7.8 billion in Q1 2015, down 10.2% YoY, which included a negative 14.5 percentage point impact from currency movements. The Company reported an operating income of $7.8 billion, a decrease of 3.8% YoY. Diluted EPS was $0.19 in Q1 2015, up $0.10 from Q1 2014, or an increase of 111.1% YoY.
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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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