Where Opportunity is Found - Consensus Reports on Mohawk Industries, Murphy USA, NACCO Industries, Natuzzi and Nidec
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 22, 2014 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Mohawk Industries (NYSE: MHK), Murphy USA (NYSE: MUSA), NACCO Industries (NYSE: NC), Natuzzi (NYSE: NTZ), and Nidec (NYSE: NJ). 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):
MHK Research Report: ( http://get.analystsreview.com/pdf/?c=Mohawk%20Industries&d=22-Dec-2014&s=MHK ),
MUSA Research Report: ( http://get.analystsreview.com/pdf/?c=Murphy%20USA&d=22-Dec-2014&s=MUSA ),
NC Research Report: ( http://get.analystsreview.com/pdf/?c=NACCO%20Industries&d=22-Dec-2014&s=NC ),
NTZ Research Report: ( http://get.analystsreview.com/pdf/?c=Natuzzi&d=22-Dec-2014&s=NTZ ),
NJ Research Report: ( http://get.analystsreview.com/pdf/?c=Nidec&d=22-Dec-2014&s=NJ ).
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Analyst Update: Quarterly Results, Acquisition Updates, and Expansion
Reviewed by: Rohit Tuli, CFA®
The U.S. markets extended their gains for a third session on Friday with the S&P 500 adding up its second best week in almost two years. The Dow Jones Industrial Average finished at 17,804.80, up 0.15%, the NASDAQ Composite edged 0.36% higher at 4,765.38, and the S&P 500 advanced 0.46% to close the session at 2,070.65. The rally in the U.S. stocks was fueled by the Federal Reserve's assurance on Wednesday to take a patient approach towards raising interest rates, which calmed the investors over the policy outlook. On the other hand, the European markets ended Friday's session on a mixed note as Italian banking and healthcare stocks weighed down the wider benchmarks. The Asian markets extended the previous day's gain on Friday and ended on a positive note boosted by the momentum on Wall Street following the reassurance from Federal Reserve that interest rates would be hiked no sooner than mid-2015.
Mohawk Industries (Mohawk Industries) announced its Q3 FY 2014 earnings results (period ended September 27, 2014). Net sales stood at $1.96 billion, up 1.5% YoY. Net earnings were reported at $151.3 million or $2.06 per diluted share, compared to $119.1 million or $1.63 per diluted share in Q3 FY 2013.
Murphy USA Inc. (Murphy USA) reported a 74.1% YoY increase in its income from continuing operations to $62.7 million or $1.36 per diluted share in its third quarter 2014 results. The said improvements were due to higher retail margins and volumes along with higher merchandise margin dollars and improved results from the Hereford, Texas ethanol plant.
Hamilton Beach Brands, Inc. (Hamilton), a wholly owned subsidiary of NACCO Industries, Inc. (NACCO Industries), has completed the acquisition of Weston Products, LLC from Highgate Capital LLC. Weston Products, which develops, markets and distributes appliances and accessories under the patented Weston brand, will become Weston Brands under Hamilton.
Natuzzi, S.p.A. (Natuzzi) opened two new stores in Wuxi and Beijing to expand operations in China. With the latest openings, Natuzzi Italia has increased the number of 2014 opened stores in China to nine.
Nidec Corporation (Nidec) announced that it has agreed to acquire 100% of the shares of Geräte- und Pumpenbau GmbH Dr. Eugen Schmidt (GPM) from its shareholders, through the Company's subsidiary, Nidec Motors & Actuators.
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About Analysts Review
At Analysts Review, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
Analysts Review was designed for investors. By providing the best information available, we have set ourselves apart as one of the premier online investor communities.
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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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