Identifying Opportunity: New Research on Monster Beverage, National Beverage, Origin, Penford and Perry Ellis
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 16, 2014 /PRNewswire/ --
Moments ago, Realtime Equities released new analyst updates concerning several important developing situations. Realtime Equities is the leader in realtime news, commentary and analysis - 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 at the bottom.
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Analyst Update: Quarterly results, Appointments and Agreements
Reviewed by: Rohit Tuli, CFA®
The U.S. market on Monday ended the day in red as plummeting oil prices continued to dent investor confidence. The Dow Jones Industrial Average finished at 17,180.84, down 0.58%, the NASDAQ Composite closed at 4,605.16, down 1.04%, and S&P 500 finished the session 0.63% lower at 1,989.63. Investors remained on the edge ahead of U.S. Federal Reserve meeting scheduled on Wednesday, where it is expected to issue a statement which could signal that the Federal Reserve is close to raising interest rates. The Asian markets on December 15, 2014 ended on a negative note led by continued weakness in global oil prices. The European stock markets plunged with slumping oil prices, while Russian stocks and the ruble dropped with rising concerns about the Russian economy.
Monster Beverage Corporation (Monster Beverage) reported solid Q3 2014 financial results with a 31.9% YoY increase in net income along with a 7.7% YoY increase in net sales. Net sales for Q3 2014 stood at $636.0 million while net income increased to $121.6 million. Diluted EPS for the reported quarter came in at $0.70, compared with $0.53 in Q3 2013.
National Beverage Corporation (National Beverage) reported its historic best first-half financial results. For H1 FY 2015, the Company posted a 15.3% YoY increase in net income while EBITDA improved 12.9% YoY. For Q2 FY 2015, net income improved 4.6 % YoY to $12.9 million.
Origin Agritech Limited (Origin) has appointed David W. Bullock to its Board of Directors. Mr. Bullock will replace L. Kenny Cordell as the Chair of the Audit Committee of the Board and an independent director of the Company, effective January 1, 2015.
Penford Corporation (Penford) reported robust full-year fiscal 2014 results driven by double digits growth in the Company's Specialty Food and Bio‐Products businesses. However, topline for the year was down by 5.0% YoY to $443.9 million, mainly attributable to the lower corn prices that were passed through to customers and reduced industrial starch and by-product revenues.
Perry Ellis International, Inc. (Perry Ellis) has entered into license agreements with 33 Joints for men's footwear under the Farah Vintage® and Farah Classic® trademarks. The Company has also signed a licensing deal with Delta Galil Industries granting rights to design and distribute Ben Hogan socks.
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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):
MNST ResearchReport: ( http://get.realtimeequities.com/pdf/?c=Monster%20Beverage&d=16-Dec-2014&s=MNST ),
FIZZResearchReport: ( http://get.realtimeequities.com/pdf/?c=National%20Beverage&d=16-Dec-2014&s=FIZZ ),
SEED Research Report: ( http:/get.realtimeequities.com/pdf/?c=Origin%20Agritech&d=16-Dec-2014&s=SEED ),
PENX Research Report: ( http://get.realtimeequities.com/pdf/?c=Penford%20Corporation&d=16-Dec-2014&s=PENX ),
PERY Research Report: ( http://get.realtimeequities.com/pdf/?c=Perry%20Ellis&d=16-Dec-2014&s=PERY ).
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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 Realtime Equities, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Realtime Equities in this article or report according to the procedures outlined by Realtime Equities. Realtime Equities 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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SOURCE: RealtimeEquities.com
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