NEW YORK, February 28, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports highlighting Genuine Parts Company (NYSE: GPC), Magna International Inc. (NYSE: MGA), Delphi Automotive PLC (NYSE: DLPH), O'Reilly Automotive Inc. (NASDAQ: ORLY) and Dana Holding Corporation (NYSE: DAN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Genuine Parts Company Research Report
Genuine Parts posted robust growth in its Q4 2012 results, with a 19.8 percent rise in earnings per share at $1.03 from 86 cents year over year, and revenue growth on 3.5 percent to $3.1 billion, both driven by news of the company's plans to freeze its pension plan. In comparison, analysts estimated earnings per share of 93 cents and revenue of $3.2 billion. The company amended its pension plan in December, freezing future benefit accruals for all participants as of Dec. 31. The changes resulted in a one-time gain of $23.5 million during the quarter. Three of the company's four businesses all posted respectable sales growth for the quarter, led by the 4.9 percent revenue growth in the Automotive segment. In addition, the company announced an 8.6 percent increase in its annual dividend at $2.15 per share, compared to last year's $1.98. The increased quarterly cash dividend of $0.5375 per share is payable on Apr 1, 2013. The Full Research Report on Genuine Parts Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/5082_GPC]
Magna International Inc. Research Report
Magna expects to rake in higher sales and increase its production volume this year with its strong position in North America and Europe and its expansion in high growth markets. Revenues are expected to come in the range of $31.3 billion and $32.7 billion for 2013 with 15.3 million light vehicles in North America and 12 million light vehicles in Western Europe. Meanwhile, total production sales are expected to increase by $2.2 billion from 2013 to 2015, based on light vehicle production in North America and Western Europe. The company is also seen to benefit from its accretive acquisitions and expansion strategy, particularly in China with its joint venture with Changshu Automotive Trim Co. and Chery Tech. In addition, stricter emissions control regulations of the US government could increase the demand for auto parts and other fuel efficient components for trucks. The Full Research Report on Magna International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/e3f2_MGA]
Delphi Automotive PLC Research Report
Delphi entered a strategic collaboration agreement with NXP Semiconductors, where the car parts maker will be supplied with NXP's SAF775x, a single-chip RFCMOS multi-tuner car radio IC and NXP's AM/FM background tuner. The two companies have previously worked together, where Delphi has been at the forefront of using NXP's software-defined radio for digital reception, like the SAF36xx family. In other news, company subsidiary Delphi Corporation announced a proposed offering of $800 million in Senior Notes due 2023, of which the proceeds will be used to repay a portion of the term loan indebtedness under its credit agreement and for general corporate purposes. Eight banks led by JPMorgan and Merrill Lynch are book-running managers for the offering, according to the press release. The Full Research Report on Delphi Automotive PLC - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/5348_DLPH]
O'Reilly Automotive Inc. Research Report
O'Reilly posted robust growth in its Q4 2012 results, reporting a 22.6 percent rise in earnings per share at $1.14 from 93 cents per share year over year, or net income of $133 million. Revenues for the quarter meanwhile grew 7.2 percent to $1.5 billion, while comparable store sales rose 4.2 percent. In comparison, analysts estimated earnings at $1.08 per share and revenue at $1.5 billion for the quarter. The company opened 185 new stores last year, with a total of 3,976 stores as of December 31, 2012. O'Reilly also plans to open a total of 190 new stores in 2013. In other news, the company repurchased 3.6 million shares of its common stock at an average price of $87.71, reflecting a total investment of $312 million. For the full year, the company has repurchased 16.2 million shares at $89.20 per share, implying a total investment of $1.45 billion. The Street rates the company as a "buy," citing performance in stock price, earnings per share, net income, revenue, and return on equity. The Full Research Report on O'Reilly Automotive Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/eb90_ORLY]
Dana Holding Corporation Research Report
Dana reported strong Q4 2012 performance, with notable growth in net income at $88 million from $71 million year over year. Meanwhile net income available to common stockholders was $80 million or $0.41 per share, higher than $63 million or $0.33 per share, a year earlier. In comparison, analysts expected earnings per share of $0.34 for the quarter. However sales were down at $1.61 billion compared with $1.9 billion year over year, due to losses in unfavorable currency, program roll offs, and lower end-market demand, putting an impact on Dana's Commercial Vehicle and Off-Highway business segments. The company did however meet analyst expectations of $1.61 billion. Dana expects earnings per share of $1.88 to $1.95 in 2013, not including the impact of its share repurchase program, as well as sales of about $7.1 billion for the full year. Deutsche Bank and Morgan Stanley gave the company a "buy" and "overweight" rating, respectively, with price targets both at $20. The Full Research Report on Dana Holding Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/67d8_DAN]
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