Where Opportunity is Found: New Coverage on Myers Industries, Nautilus, Newell Rubbermaid, Nike and Omega Protein
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, January 7, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Myers Industries (NYSE: MYE), Nautilus (NYSE: NLS), Newell Rubbermaid (NYSE: NWL), Nike (NYSE: NKE), and Omega Protein (NYSE: OME). 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):
MYE Research Report: ( http://get.analystsreview.com/pdf/?c=Myers%20Industries&d=07-Jan-2015&s=MYE ),
NLS Research Report: ( http://get.analystsreview.com/pdf/?c=Nautilus&d=07-Jan-2015&s=NLS ),
NWL Research Report: ( http://get.analystsreview.com/pdf/?c=Newell%20Rubbermaid&d=07-Jan-2015&s=NWL ),
NKE Research Report: ( http://get.analystsreview.com/pdf/?c=Nike&d=07-Jan-2015&s=NKE ),
OME Research Report: ( http://get.analystsreview.com/pdf/?c=Omega%20Protein&d=07-Jan-2015&s=OME ).
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Analyst Update: Financial Results and Completion of Acquisition
Reviewed by: Rohit Tuli, CFA®
It's almost a week into the New Year now and global market sell-off shows no signs of easing yet. The U.S. markets fell again on Tuesday, January 6, with S&P 500 index continuing its southward journey for the fifth consecutive session. Steadily declining oil prices and uncertainty ahead of the Greek vote which may determine Greece's future in the Eurozone kept global investors jittery. The Dow Jones Industrial Average ended the session lower by 0.74% at 17,371.64, the S&P 500 ended 0.89% down at 2,002.46, and the Nasdaq Composite finished 1.29% down at 4,592.74. The European markets also closed lower on Tuesday as Euro slumped to nine-year low levels against the greenback, driven by the concerns over political turmoil in Greece. Meanwhile, Asian markets were also under pressure on Tuesday as Eurozone worries coupled with growth concerns over China rattled investors.
Myers Industries, Inc. (Myers Industries) reported 14.6% YoY increase to $162.1 million in its revenues for third quarter 2014. The growth in topline was led by Material Handling segment sales which improved 25.0% YoY due to Scepter acquisition.
Nautilus, Inc. (Nautilus) reported 27.7% YoY improvement in its third quarter 2014 top line driven by increased sales in its Direct and Retail segments. Net income for the quarter almost doubled to $2.5 million or $0.08 per diluted share, from net income of $1.4 million or $0.04 per diluted share in Q3 2013.
Newell Rubbermaid Inc. (Newell Rubbermaid) has completed its previously announced acquisition of Baby Jogger Holdings, Inc. from the Riverside Company, a global private equity firm for $210 million. The purchase price represents approximately 12 times estimated 2014 EBITDA before synergies and any potential tax benefits.
Nike Inc.'s (Nike) second quarter fiscal 2015 top line improved 14.8% YoY to $7.4 billion as strong consumer demand drove revenue growth across the portfolio. Gross margins for the quarter improved by 120 basis points to 45.1% YoY while bottom line also surged 22.7% YoY.
Omega Protein Corporation (Omega Protein) reported lower third quarter 2014 top line due to 30.9% YoY decline in animal nutrition revenues to $55.1 million , which was partially offset by 100.7% YoY growth in human nutrition revenues.
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About Analysts Review
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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.
Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.analystsreview.com/editors
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