NEW YORK, January 14, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Trinseo (NYSE: TSE), Tronox (NYSE: TROX), Turquoise Hill (NYSE: TRQ), Tutor Perini (NYSE: TPC), and U.S. Silica (NYSE: SLCA). 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.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
TSE Research Report: ( http://get.analystsreview.com/pdf/?c=Trinseo&d=14-Jan-2015&s=TSE ),
TROX Research Report: ( http://get.analystsreview.com/pdf/?c=Tronox&d=14-Jan-2015&s=TROX ),
TRQ Research Report: ( http://get.analystsreview.com/pdf/?c=Turquoise%20Hill&d=14-Jan-2015&s=TRQ ),
TPC Research Report: ( http://get.analystsreview.com/pdf/?c=Tutor%20Perini&d=14-Jan-2015&s=TPC ),
SLCA Research Report: ( http://get.analystsreview.com/pdf/?c=U.S.%20Silica&d=14-Jan-2015&s=SLCA ).
Analyst Update: Financial Results, Production Update, New Contracts and Expansion of Share Repurchase Program
Reviewed by: Rohit Tuli, CFA®
Volatility gripped the U.S. market on Tuesday as the Dow Jones Industrial Average, which vaulted over 282 points during the session, erased all the gains and slipped into negative territory, led by a decline in materials and energy shares. The U.S. stocks fluctuated between gains and losses during the session, mirroring the movement in oil prices which tumbled to near six-year lows before recovering. The Dow Jones Industrial Average ended the session 0.15% lower at 17,613.68, the S&P 500 lost 0.26% to close at 2,023.03, and the Nasdaq Composite dropped 0.07% to 4,661.50. Meanwhile, European shares rose for the second consecutive session on Tuesday, helped by rally in retail stocks and data showing that U.K. inflation fell to the lowest level in 15 years. Most of the Asian markets also ended lower on Tuesday as continued drop in the prices of oil turned investors cautious towards risky assets.
Trinseo S.A. (Volcano) - a materials Company and manufacturer of plastics, latex and rubber, witnessed a decline in its top line for the third quarter of 2014. The Company also reported losses for the quarter, as against profit reported in the same quarter previous year. Volcano has provided its fourth quarter 2014 outlook.
While weakness in the Mineral Sands segment was reflected in Tronox Ltd.'s (Tronox) top line, the Company's adjusted EBITDA margin reached 23%, the highest in the last eight quarters. Chairman and CEO of Tronox said that the Company delivered strong third quarter performance that reflected its vertical integration.
Turquoise Hill Resources Ltd. (Turquoise Hill) provided an update on the status of production at Oyu Tolgoi following the recent concentrator fire and production in the first week of December 2014. The Company also released its financial guidance for 2015.
Tutor Perini Corp.'s (Tutor Perini) specialty contracting subsidiary, Five Star Electric has won three contracts collectively valued at approximately $141 million from Judlau Contracting, Inc., Tishman Construction, and Pavarini McGovern, LLC. These contracts to be included in the Company's reported fourth-quarter 2014 backlog.
U.S. Silica Holdings Inc.'s (U.S. Silica) Board of Directors authorized an increase in the Company's share repurchase program from $25 million to up to $50 million. The repurchase program will be funded over the next twelve months using the Company's available cash.
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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.
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