Upcoming Earnings, Withdrawal of Acquisition Proposal, Social Campaign, and Financial and Operating Results - Research Reports on Dollar General, 21st Century Fox, Family Dollar, Delta and MGM Resorts Editor Note: For more information about this release, please scroll to bottom
NEW YORK, August 8, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Dollar General Corp. (NYSE: DG), Twenty-First Century (NASDAQ: FOXA), Family Dollar Stores, Inc. (NYSE: FDO), Delta Air Lines, Inc. (NYSE: DAL) and MGM Resorts International (NYSE: MGM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5593-100free.
Dollar General Corp. Research Reports
On July 30, 2014, Dollar General Corp. (Dollar General) announced that it plans to release its Q2 FY 2014 financial results (period ended August 1, 2014) on August 28, 2014. The Company informed that in conjugation with the earnings release its Chairman and CEO, Rick Dreiling and CFO, David Tehle will host a conference call on the same day at 9:00 a.m. CT (10:00 a.m. ET). Dollar General stated that the call will be broadcast live at its website. According to 24 analysts surveyed by Bloomberg Businessweek, the Company is expected to report Q2 FY 2014 EPS of $0.83 on revenues of $4.8 billion. The full research reports on Dollar General are available to download free of charge at:
Twenty-First Century Research Reports
On August 5, 2014, Twenty-First Century Fox Inc. (21st Century Fox) announced that the Company has withdrawn its proposal to acquire Time Warner Inc. (Time Warner). Rupert Murdoch, Chairman and CEO, 21st Century Fox, said, "Our proposal had significant strategic merit and compelling financial rationale and our approach had always been friendly. However, Time Warner management and its Board refused to engage with us to explore an offer which was highly compelling. Additionally, the reaction in our share price since our proposal was made undervalues our stock and makes the transaction unattractive to Fox shareholders. These factors, coupled with our commitment to be both disciplined in our approach to the combination and focused on delivering value for the Fox shareholders, has led us to withdraw our offer." The Company added that its Board has authorized a share repurchase program of $6 billion. 21st Century Fox stated that the repurchase of an additional $6 billion of Class A Common Stock is expected to be completed in the next 12 months. The full research reports on 21st Century Fox are available to download free of charge at:
Family Dollar Stores, Inc. Research Reports
On July 31, 2014, Family Dollar Stores, Inc. (Family Dollar) announced that the Company has partnered with Feeding America, the nation's leading domestic hunger relief charity, for their 'Feeding Families, Fueling Hope' campaign in a move to fight hunger and fuel the minds of kids this back-to-school season. Under the program, the Company will accumulate customer donations across its more than 8,200 stores in 46 states, with the goal of raising one million meals for children and families in need. The Company stated that the out of the total fund raised, 90% will be donated to support the local food bank programs and the remaining 10% will be donated to support Feeding America national programs such as the BackPack Program and School Pantry Program. The Company informed that the in-store campaign started on July 29, 2014 and will run through August 31, 2014. The full research reports on Family Dollar are available to download free of charge at:
Delta Air Lines, Inc. Research Reports
On August 4, 2014, Delta Air Lines, Inc. (Delta) reported its financial and operating results for the month of July 2014. The Company's passenger unit revenue (PRASM) improved 3.0% YoY driven by continued strength in domestic markets. Revenue Passenger Mile (RPM) improved 2.8% YoY to 20.0 billion; Available Seat Miles (ASM) improved 2.2% YoY to 22.8 billion; load factor improved 0.5 points YoY to 87.5%; mainline completion factor improved 0.2 points YoY to 99.7%; passengers boarded improved 3.8% YoY to 16.2 billion passengers; and cargo ton miles improved 8.4% YoY to 218.2 million. Further, the Company's year-to-date (YTD) RPM improved 4.1% YoY to 117.9 billion and YTD ASM improved 2.4% YoY to 138.5 billion. For September 2014, the Company expects PRASM growth between 2% and 4%. YoY. The full research reports on Delta are available to download free of charge at:
MGM Resorts International Research Reports
On August 5, 2014, MGM Resorts International (MGM Resorts) released its Q2 2014 and H1 2014 financial results. For Q2 2014, the Company reported revenues of $2.58 billion, up 4.0% YoY, marginally surpassing the eighteen Wall Street analysts' consensus revenues estimate of $2.57 billion. Net income attributable to MGM Resorts came in at $105.5 million or $0.21 per diluted share, compared to net loss of $93.0 million or $0.19 diluted loss per share in Q2 2013. According to 19 analysts surveyed by Thomson Reuters, the Company was expected to post Q2 2014 EPS of $0.11. For H1 2014 its revenues improved 7.8% YoY to $5.2 billion and net income stood at $213.7 million versus net loss of $86.4 million in H1 2013. The full research reports on MGM Resorts are available to download free of charge at:
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