Where Investors Are Going: Analyst Notes on Douglas Dynamics, Drew Industries, Ducommun, Eagle Materials, and Embraer
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, January 6, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Douglas Dynamics (NYSE: PLOW), Drew Industries (NYSE: DW), Ducommun (NYSE: DCO), Eagle Materials (NYSE: EXP), and Embraer (NYSE: ERJ). 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):
PLOW Research Report: ( http://get.analystsreview.com/pdf/?c=Douglas%20Dynamics&d=06-Jan-2015&s=PLOW ),
DWResearch Report: ( http://get.analystsreview.com/pdf/?c=Drew%20Industries&d=06-Jan-2015&s=DW ),
DCOResearch Report: ( http://get.analystsreview.com/pdf/?c=Ducommun&d=06-Jan-2015&s=DCO ),
EXP Research Report: ( http://get.analystsreview.com/pdf/?c=Eagle%20Materials&d=06-Jan-2015&s=EXP ),
ERJ Research Report: ( http://get.analystsreview.com/pdf/?c=Embraer&d=06-Jan-2015&s=ERJ ).
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Analyst Update: Strategic Acquisitions, Financial Results, Appointments, and Agreements
Reviewed by: Rohit Tuli, CFA®
The US markets rattled on Monday and ended the day in red amid an indiscriminate sell-off triggered by a renewed plunge in crude oil prices which plummeted below $50 a barrel. The Dow Jones Industrial Average crushed 1.86%, to finish the day at 17,501.65. NASDAQ Composite edged 1.57% lower to 4,652.57 while S&P 500 suffered its largest one-day decline in three months, closing at 2,020.58, down 1.83%. The European markets also ended on a negative note as concerns over a potential Greek exit of the Eurozone continued to weigh on sentiment. Weakness in the Euro further dented investor confidence as the currency dropped to a 9-year low against the dollar on expectations of fresh European Central Bank stimulus. The Chinese shares however maintained their bullish tone on hopes of fresh measures from the government to kickstart the economy. Overall, the Asian markets finished the day on a mixed note.
Douglas Dynamics, Inc., (Douglas Dynamics) announced that it has completed the acquisition of Henderson Products, Inc. for approximately $95 million in cash, subject to post-closing adjustments, on December 31, 2014. According to the Company, the purchase strengthens its market leadership position in snow and ice control across all truck segments and creates new opportunities for growth in attractive adjacent markets.
Drew Industries Incorporated (Drew Industries) reported Q3 2014 diluted EPS of $0.64, up 3.2% YoY; while diluted EPS for 9M 2014 grew significantly by 25.5% YoY, to $2.07. Consolidated net sales in Q3 2014 increased to $294.3 million, up 17.3% YoY, mainly resulting from a 21% increase in net sales of Drew's RV Segment, which accounted for 90% of consolidated net sales for the quarter.
Ducommun Incorporated (Ducommun) reported net revenue for Q3 2014 of $188.2 million, representing a YoY increase of 3.8%. The improved revenues primarily reflected a 20.5% growth in the Company's commercial aerospace market revenues, partially offset by 3.3% revenue decline in the Company's military and space markets.
Eagle Materials Inc. (Eagle Materials) announced the appointment of Michael Haack as Chief Operating Officer, a position created in response to the Company's growth and constant strategic expansion in construction and energy-related markets. Michael, who will report to Steve Rowley, President and CEO, has an extensive experience of 17 years with Halliburton Energy Services.
Embraer SA (Embraer) revealed that Embraer Executive Jets and NetJets® Inc. have signed an agreement to convert 10 Signature Series Phenom 300 purchase options into firm orders. Embraer stated that at the current list prices, this addition to the contract is valued at $89.55 million, which will be included in the backlog of Q4 2014.
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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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