NEW YORK, January 21, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Manitowoc (NYSE: MTW), Marine Products (NYSE: MPX), Materion (NYSE: MTRN), McDermott (NYSE: MDR), and Meritage Homes (NYSE: MTH). 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.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
MTW Research Report: ( http://get.analystsreview.com/pdf/?c=Manitowoc&d=21-Jan-2015&s=MTW ),
MPX Research Report: ( http://get.analystsreview.com/pdf/?c=Marine%20Products&d=21-Jan-2015&s=MPX ),
MTRN Research Report: ( http://get.analystsreview.com/pdf/?c=Materion&d=21-Jan-2015&s=MTRN ),
MDR Research Report: ( http://get.analystsreview.com/pdf/?c=McDermott&d=21-Jan-2015&s=MDR ),
MTH Research Report: ( http://get.analystsreview.com/pdf/?c=Meritage%20Homes&d=21-Jan-2015&s=MTH ).
Analyst Update: Senior-level Management Changes, Upcoming Financial Results, Recognitions, and Authorizations
Reviewed by: Rohit Tuli, CFA®
U.S. stock markets started the week with moderate gains, after being closed on Monday in observance of the Martin Luther King Jr. holiday. The NASDAQ Composite ended at 4,654.85, up 0.44%, the Dow Jones Industrial Average advanced 0.02% to finish the day at 17,515.23, and the S&P 500 closed at 2,022.55, up 0.15%. The gains were broad based as seven out of ten sectors ended the session in positive. Asian stocks rose for a second day, driven by consumer discretionary stocks, as Chinese equities rebounded and investors patiently await the outcome of Central Bank policy meetings in Japan as well in Europe. Equities also got a lift from better-than-expected economic data from China, which recorded a GDP growth of 7.4% in 2014, the slowest rate of growth since 1990, but beating market expectations of 7.2%. Meanwhile, European equities rose for a fourth day and traded near seven-year highs ahead of an expected sovereign-bond-buying program by the European Central Bank when it convenes a meeting this Thursday.
Manitowoc Company Inc (Manitowoc) announced a slew of management team transitions in line with the Company's long-term succession planning process. Recently, activist-investor Carl Icahn revealed that he had amassed a 7.7% stake in Manitowoc and he would push for a break-up of the Company's crane and foodservice equipment businesses.
Marine Products Corporation (Marine Products) set to announce its Q4 2014 and full year 2014 financial results on January 28, 2015, before market opening. The Company will host a conference call to review the Company's financial and operating results on the same day, at 8:00 a.m. ET. As per Zacks investment research data, the consensus EPS estimate for the fourth quarter is of six cents.
Ohio-based, Materion Corporation (Materion) - a producer of advanced engineered materials, was honored by CERN for outstanding contributions to Large Hadron Collider (LHC) project. Materion has supplied all of the beryllium beam pipes currently installed at the LHC and all but one installed since inception.
McDermott International (McDermott) said that it received authorization from the Central Administration of Customs in Mexico to operate its Altamira fabrication facility near Tampico, Mexico, as a free trade zone.
Meritage Homes Corp (Meritage Homes) set to announce its Q4 2014 financial results on January 29, 2015 before market opening, followed by a conference call to discuss the results and business outlook at 10:00 a.m. ET. As per Zacks Investment research data, the consensus EPS estimate is of $1.29.
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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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