NEW YORK, January 21, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including MRC Global (NYSE: MRC), MSC Industrial (NYSE: MSM), Mueller (NYSE: MLI), Mueller Water (NYSE: MWA), and Nam Tai (NYSE: NTP). 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):
MRC Research Report: ( http://get.analystsreview.com/pdf/?c=MRC%20Global&d=21-Jan-2015&s=MRC ),
MSM Research Report: ( http://get.analystsreview.com/pdf/?c=MSC%20Industrial&d=21-Jan-2015&s=MSM ),
MLI Research Report: ( http://get.analystsreview.com/pdf/?c=Mueller&d=21-Jan-2015&s=MLI ),
MWA Research Report: ( http://get.analystsreview.com/pdf/?c=Mueller%20Water&d=21-Jan-2015&s=MWA ),
NTP Research Report: ( http://get.analystsreview.com/pdf/?c=Nam%20Tai&d=21-Jan-2015&s=NTP ).
Analyst Update: Quarterly Earningsand Upcoming Events
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.
MRC Global, Inc. (MRC Global) reported third quarter 2014 net income of $50 million, or $0.49 per diluted share, nearly 30% higher than net income of $39 million, or $0.38 per diluted share, in the year ago period. Sales of the Company in Q3 2014 came in at a new all-time high of $1.6 billion, surpassing a previous peak set in the fourth quarter of 2008.
MSC Industrial Direct Company, Inc. (MSC Industrial) reported that its first quarter fiscal 2015 net sales increased 7.8% YoY to $731.1 million. GAAP net income for the quarter came in at $57.4 million, or $0.91 per diluted share, slightly below the previous year comparable quarter net income of $59.0 million, or $0.93 per diluted share.
Mueller Industries, Inc. (Mueller) reported that its third quarter 2014 net sales rose 14% YoY to $602.8 million, driven by unit volume increases, partially offset by the decline in copper values year-over-year. Mueller said that sales unit volume increased 16.6% in the quarter, of which two thirds came from acquisitions.
Mueller Water Products, Inc. (Mueller Water) has scheduled to release its financial results for the first quarter of fiscal 2015 ended December 31, 2014 on Tuesday, February 3, 2015 after the market closes.
Nam Tai Property, Inc. (Nam Tai) announced that the Company will release its fourth quarter 2014 financial results on February 2, 2015 at 6:00 a.m. EST. In the previous quarter, the Company's rental income expanded to $0.8 million, from $0.02 million in Q3 2013.
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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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