NEW YORK, July 26, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Nordic American Tankers Limited (NYSE: NAT), Asbury Automotive Group, Inc. (NYSE: ABG), KAR Auction Services, Inc. (NYSE: KAR), Sonic Automotive Inc. (NYSE: SAH), and DryShips, Inc. (NASDAQ: DRYS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Nordic American Tankers Limited Research Report
On July 9, 2013, Nordic American Tankers Limited (Nordic) announced that its Board of Directors has approved a dividend of $0.16 for Q2 2013, unchanged from its Q1 2013. Nordic said that the dividend is likely to be payable on August 13, 2013 to holders of record as of July 31, 2013. The Full Research Report on Nordic American Tankers Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0ee2_NAT]
Asbury Automotive Group, Inc. Research Report
On July 23, 2013, Asbury Automotive Group, Inc. (Asbury) announced its Q2 2013 financial results. The Company reported adjusted income from continuing operation of $30.4 million, or $0.98 per diluted share compared to $20.9 million, or $0.66 per diluted share in Q2 2013. Asbury's total revenues increased 15.8% YoY to $1.3 billion. The Company reported repurchasing a total of $4.8 million shares, on pace with its annual goal of $25 to $30 million. "Asbury is pleased to once again announce record quarterly results," said Craig Monaghan, Asbury's President and Chief Executive Officer. "As the automotive market continues to recover, our associates are demonstrating continued success in maximizing sales and service opportunities while maintaining disciplined expense control." The Full Research Report on Asbury Automotive Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/dc4b_ABG]
KAR Auction Services, Inc. Research Report
On July 23, 2013, KAR Auction Services Inc. (KAR) announced its schedule for Q2 2013 earnings release. The Company will report its financial results on August 6, 2013, Tuesday, and will also host a conference call and webcast on August 7, 2013, Wednesday at 11:00 a.m. EDT. KAR informed that its Chief Executive Officer, Jim Hallett and Executive Vice President and Chief Financial Officer, Eric Loughmiller will lead the conference call, and the live webcast will be available at the Company's website in the Investor Relations section. The Full Research Report on KAR Auction Services, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/bee4_KAR]
Sonic Automotive Inc. Research Report
On July 23, 2013, Sonic Automotive Inc. (Sonic Automotive) announced its Q2 2013 financial results. The Company reported adjusted earnings from continuing operations of $26.4 million. Its adjusted earnings from continuing operations per diluted share increased 11.1% YoY to $0.50. Commenting on the results, B. Scott Smith, the Company's President, noted, "I'm pleased that we grew our earnings per share by more than 11% in the quarter despite our margin challenges associated with our True Price process execution. Our investment strategy remains the same. We continue to focus on investing in our base business, owning our real estate and strengthening our balance sheet." Smith further said, "I'm pleased to reiterate our earnings guidance that was originally given at the beginning of the year. We are targeting fully diluted earnings per share from continuing operations at $1.93-$2.03 for the full year 2013." The Full Research Report on Sonic Automotive Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/522f_SAH]
DryShips, Inc. Research Report
On July 23, 2013, DryShips Inc. (DryShips) and its majority owned subsidiary, Ocean Rig UDW Inc. (Ocean Rig) announced that Ocean Rig has signed a definitive documentation with Total E&P Angola for its ultra deepwater drillship, "Ocean Rig Skyros." The contract is for 5 wells or a minimum 275 days drilling offshore West Africa, with an estimated backlog of approximately $190 million, expected to commence upon delivery of the drillship from the shipyard, in October 2013. Ocean Rig also announced about a Letter of Award (LOA) for its ultra deepwater drillship "Ocean Rig Skyros," received from a major oil company. As a result of this LOA, Ocean Rig reported that its total contracted backlog (including LOAs) stands at about $6.1 billion, primarily with investment grade or strong counterparties. The Full Research Report on DryShips, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/104a_DRYS]
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