NEW YORK, April 30, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding CBS Corporation (NYSE: CBS), Wynn Resorts Ltd. (NASDAQ: WYNN), Delta Air Lines Inc. (NYSE: DAL), American Airlines Group Inc. (NASDAQ: AAL) and Lowe's Companies Inc. (NYSE: LOW). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1827-100free.
CBS Corporation Analyst Notes
On April 16, 2014, CBS Corporation (CBS) announced that it has received favorable private letter ruling with respect to the Company's plan for its outdoor advertising subsidiary, CBS Outdoor Americas Inc., to convert to a real estate investment trust (REIT) by the Internal Revenue Service. On April 2, 2014, CBS Outdoor announced the closing of its initial public offering of 20 million shares of common stock at a price to the public of $28.00 per share. CBS informed that it intends to divest its post-IPO shareholding of 81% in CBS Outdoor through a tax-free split-off by the end of 2014. CBS Outdoor then plans to elect and qualify to be taxed as a REIT. Leslie Moonves, President and CEO, CBS, commented, "CBS Outdoor's conversion into a REIT will unlock its true value, and the completion of our Outdoor initiatives will enhance our ability to return capital to our shareholders." The full analyst notes on CBS are available to download free of charge at:
Wynn Resorts Ltd. Analyst Notes
On April 25, 2014, shares of Wynn Resorts Ltd. (Wynn) declined 5.46%, closing the day at $201.49. During the session, the Company's shares opened at $211.22 and oscillated in the range of $200.18 - $211.94. Wynn traded 2.46 million shares during the day, higher than its 30-day average trading volume of 1.86 million shares. Over the past 12 months, the shares of the Company have increased 48.70%, beating the NASDAQ Composite, which also increased 25.31% during the same period. In addition the Company announced that it will release its financial results for Q1 2014 after the market close on May 1, 2014, followed by a conference call at 1:30 p.m. PT (4:30 p.m. ET). The full analyst notes on Wynn are available to download free of charge at:
Delta Air Lines Inc. Analyst Notes
On April 25, 2014, Delta Air Lines Inc. (Delta) reported that its Board of Directors has declared a quarterly dividend of $0.06 per share payable to shareholders of record as of the close of business on May 9, 2014 and will be paid on May 30, 2014. On April 23, 2014, Delta announced financial results for Q1 2014. On a GAAP basis including special items, Delta's pre-tax income came in at $335 million, while net income was $213 million, or $0.25 per diluted share. Excluding items such as fuel-hedge contract adjustments and charges for fleet changes, net income was $0.33 per share, compared with $0.29 expected by analysts on average, according to Thomson Reuters I/B/E/S. The full analyst notes on Delta are available to download free of charge at:
American Airlines Group Inc. Analyst Notes
On April 24, 2014, American Airlines Group Inc. (American Airlines) announced financial results for Q1 2014. GAAP net income for Q1 2014 came in at $480 million, or $0.65 per diluted share, as compared to GAAP net loss of $341 million, or $1.37 per diluted share, in Q1 2013. The Company's GAAP results for the Q1 2013 reflect AMR Corporation prior to the merger. Hence, it is more meaningful to compare YoY results for American Airlines and US Airways on a combined basis, which is a non-GAAP assessment that combines the results for AMR Corporation and US Airways Group, said the airline Company. Excluding net special credits, the Company reported a record quarterly net profit of $402 million or diluted EPS of $0.54. This compares to a combined non-GAAP net profit of $62 million excluding net special charges for Q1 2013. The full analyst notes on American Airlines are available to download free of charge at:
Lowe's Companies Inc. Analyst Notes
On April 24, 2014, Lowe's Companies Inc. (Lowe's) announced the appointment of Joseph M. (Mike) Mabry as the Strategy and Experience Design Executive, replacing Robert J. Gfeller. Further, the Company also announced the promotion of Michael P. McDermott to Chief Merchandising Officer, replacing Michael A. Jones, who will assume the role of Chief Customer Officer, with effect from April 30, 2014. In his new role, Mabry will focus on developing U.S. strategy, aligning experience design and building a capabilities roadmap that delivers compelling, differentiating, omni-channel customer experiences across the Company's U.S. business while, McDermott will be responsible for the merchandising offering for Lowe's U.S. business, pricing and promotion, and all global sourcing activities. The full analyst notes on Lowe's are available to download free of charge at:
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