NEW YORK, April 28, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including NuStar GP Holdings, LLC (NYSE: NSH), Skechers U.S.A. Inc. (NYSE: SKX), Mead Johnson Nutrition Company (NYSE: MJN), Wabco Holdings Inc. (NYSE: WBC), and Travelport Worldwide Limited (NYSE: TVPT). 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):
NSH Research Report: ( http://get.analystsreview.com/pdf/?c=NuStar%20GP%20Holdings&d=28-Apr-2015&s=NSH ),
SKX Research Report: ( http://get.analystsreview.com/pdf/?c=Skechers&d=28-Apr-2015&s=SKX ),
MJN Research Report: ( http://get.analystsreview.com/pdf/?c=Mead%20Johnson&d=28-Apr-2015&s=MJN ),
WBC Research Report: ( http://get.analystsreview.com/pdf/?c=Wabco%20Holdings&d=28-Apr-2015&s=WBC ),
TVPT Research Report: ( http://get.analystsreview.com/pdf/?c=Travelport%20Worldwide&d=28-Apr-2015&s=TVPT ).
Analyst Update: Financial Results and Multi-Year Contracts
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed lower on Monday as investors turned cautious ahead of the Fed meeting, which begins today. The NASDAQ Composite was down 0.63% to finish at 5,060.25, the S&P 500 slipped 0.41% to 2108.92, and the Dow Jones Industrial Average lost 0.23% to end the session at 18,037.97. European stocks gained on Monday as Greece considered reshuffling its debt negotiators. Germany's DAX 30 jumped 1.93%; France's CAC 40 rose 1.30%, and London's FTSE 100 advanced 0.47% on Monday. Meanwhile, Asian stock markets mostly gained on Monday amid surge in mining stocks in Australia and emanating news on possible reforms in China. The Shanghai Composite Index, Australia's S&P ASX and Hong Kong's Hang Seng index all closed higher on Monday.
NuStar Holdings stock gained 3.32% on April 23, 2015 to close at $38.33. The day before, the Company had announced that net income for Q1 FY15 was $26.8 million, or $0.62 per unit, compared to $13.6 million, or $0.32 per unit, for Q1 FY14. Distributable cash flow available to unitholders was similar to last years', at $22.9 million, or $0.53 per unit for Q1 FY15, compared to $23.2 million, or $0.54 per unit, for Q1 FY14.
Skechers USA Inc. stock rose 14.54% on April 23, 2015, to close at $86.87. This came a day after the Company announced Q1 FY15 results that beat analysts' expectations. Q1 FY15 net sales were $768.0 million, the highest quarterly revenue in the Company's history, as compared to $546.5 million in the Q1 FY14, an increase of 40.5%.
Mead Johnson Nutrition announced its Q1 FY15 results on April 23, 2015. First quarter sales of $1.09 billion were down from $1.11 billion in the prior year quarter. Constant dollar sales however increased slightly more than 3%, driven by pricing. The Company said that overall volume was flat due primarily to tough prior year comparisons in the U.S. and China businesses.
WABCO Holdings, a provider of electronic, mechanical and mechatronic products for commercial trucks, trailers, buses and passenger car manufacturers, announced its Q1 FY15 results on April 23, 2015. The Company registered sales of $652.2 million, up 3.8% in local currencies and down 10.6% in USD from a year ago. In Q1 FY15, both operating margin and diluted EPS on a U.S.
Travelport Worldwide shares rose by 2.85% to $16.96 on April 23, 2015. This followed the Company's announcement the day earlier that UNIGLOBE Travel Partners, a leading travel management company specializing in corporate travel, has signed a new multi-year contract with Travelport. UNIGLOBE, a former long-time Travelport customer, returned to Travelport after a six-year absence.
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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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