One company that does not seem to be suffering the brunt of Europe’s recent economic struggles appears to be the discount airline Ryanair (RYAAY). Ryanair operates passenger flights throughout the UK, mainland Europe and Morocco. Its rates are well-known for being in many instances competitive with those of Europe’s railways. And even though the airline is equally well-known for charging passengers for just about anything that it can, 30 euros to get from London to, say, Budapest, Rome, or Madrid, to mention just a few destinations, is indeed a very attractive deal, especially considering how much time and money this would cost to do on the train. The airline reported earnings on Monday showing a fiscal year net profit of 569 million euros ($734 million), 0.40 euros per share, on revenue of 4.88 billion euros. The per share figure beats (more)…
May 20, 2013
May 17, 2013
S&P Capital IQ Trends & Ideas: Flying High with Airline Stocks
S&P Capital IQ Trends & Ideas: Equity Analyst Jim Corridore discusses his outlook for the airline industry and US Airways (LCC). To read this and all Trends & Ideas content, please visit www.marketscope.com.
May 15, 2013
Is Boeing Set For Takeoff?
All Nippon was the first airline to receive deliveries of the newly repaired Boeing (BA) 787 Dreamliner on Tuesday. They were the second of two Japanese airlines to have their Boeing-made planes grounded within a week last January after incidents in which a new lithium-ion battery system overheated and caught fire, filling the cabins with smoke. Given the high-profile nature of the incidents, that were the culmination of a series of glitches involving other parts of the plane, and fears of potentially exorbitant repair costs, shares took a dip in late January, at one point trading for as low as $72.81. That price-drop, however, was nowhere near as dramatic as the subsequent rebound of Boeing’s shares, to $94.70 at Tuesday’s closing, after hitting a 52-week high of $96.19 during trading. This can be explained in part by the company’s seemingly (more)…
May 14, 2013
S&P Capital IQ Focus Stock of the Week: Trinity Industries Inc.
S&P Capital IQ Equity Jim Corridore has a 5-STARS “Strong Buy” recommendation for Trinity Industries, Inc. (TRN). For more information, please visit: www.marketscope.com.
May 13, 2013
4 Small and Mid-Cap Solar Stocks that are Looking Upward
On the one hand, a sharp halt in government subsidies throughout Europe is hurting the industry. Meanwhile, as competition increases between US, European, and Chinese companies, the price for panels continues to drop, which is a negative for manufacturers and a positive for companies who actually install the panels (a number of companies do both). Throughout all this, demand for solar continues to increase. Last week saw the European Union announce a tariff hike on Chinese solar companies presumably in order to protect its own fragile industry from leaner and more aggressive foreign firms. At the same time, there are fears that China’s relatively slower economy will affect its own government’s subsidies to the industry. Finally, solar stocks moved last week, as they often do, almost as a herd. First Solar’s earnings and subsequent price drop had industry-wide repercussions, as (more)…
May 10, 2013
S&P Capital IQ Trends & Ideas: Auto Industry Revving Up
S&P Capital IQ Trends & Ideas: Equity Analyst Efraim Levy joins Beth Piskora, S&P Capital IQ Editorial, to discuss the automobile industry and TRW Automotive Holdings Corp. (TRW). To read this and all Trends & Ideas content, please visit www.marketscope.com.
May 8, 2013
No Gas Needed: Tesla Shares Accelerate on First Profitable Quarter in Company’s History
After eking ahead by about one-half of a percent in regular trading on Wednesday, shares of Tesla Motors Inc. (TSLA) have taken-off in extended trading after the electric car maker posted earnings that crushed analyst predictions for the first quarter, mixing additive to the fuel that has already seen the stock printing all-time highs recently. Wait, we’re talking electric cars, perhaps a better phrase would be putting some more charge to the battery. The company, which has delivered nearly 10,000 electric vehicles in its 10-year history to customers in 31 countries, posted its first profit ever for a quarter. Revenue during the first quarter for the Palo Alto, California-based company was a record $561.8 million, up 83 percent from $306.3 million in the year prior quarter. Net income on a GAAP basis totaled $11.4 million, or 10 cents per share, (more)…
Huntington Ingalls Tops Expectations as Q1 Profits Jump 33 Percent
Huntington Ingalls Industries, Inc. (HII), the parent company of Newport News Shipbuilding and recent Fortune 500 addition, reported steady growth in first quarter earnings due to better profit margin, while sales were essentially flat. For the quarter, the Virginia-based defense giant that was spun out of Northrop Grumman (NOC) reported revenue of $1.562 billion, compared to $1.568 billion in the first quarter of 2012. Profits for the quarter totaled $44 million, or 87 cents per share, up from $33 million, or 67 cents per share, in the same quarter last year. Analysts were expecting the company to report earnings of 86 cents per share on revenue of $1.6 billion. Segment operating income improved to $120 million from $101 million in the same period last year while total operating income for the quarter was $95 million, compared to $80 million last (more)…
May 7, 2013
First Solar’s Earnings Way Up From the Prior Year, but Still Shy of Expectations
Prior to reporting earnings during late trading on Monday, leading U.S. manufacturer of solar panels First Solar (FSLR) ended the regular trading day on a gain of 3.67 percent to close at $47.69, only $0.09 below the intraday high. For the first quarter of 2013, First Solar earned $59.1 million, or an adjusted $0.69 per share on revenue of $755.2 million, compared to the prior year period during which the company lost $449.4 million, or $5.20 per share on revenue of $497 million. During Q1 of 2012, First Solar had to pay $444 million in restructuring charges. Revenue exceeded Wall Street’s expectations of $725.3 million, but earnings were shy of the $0.75 per share that had been average of analysts’ forecasts. Furthermore, First Solar reasserted its guidance for all of 2013, with earnings forecasted at $4.27 per share on revenue (more)…
May 3, 2013
YRC Worldwide Shares Truck North on Narrowing LossOlder Posts »
Less-than-truckload logistics company YRC Worldwide Inc. (YRCW), formerly Yellow Corp. and known to many simply as “Yellow, still” on Friday reported a shrinking net loss in the first quarter and positive operating income for the first time in six years as the debt-riddled outfit continues to rebound from near bankruptcy four years ago. YRC Worldwide reported consolidated operating revenue for the first quarter of $1.16 billion, down 2.7 percent from $1.19 billion in the first quarter of 2012. Net loss for the quarter was $24.5 million, or $2.93 per share, compared to a net loss of $85.5 million, or $12.40 per share in the year prior quarter. Analysts were predicting a net loss of $5.75 per share and revenue of $1.2 billion. Consolidated operating income, which doesn’t include non-operating expenses such as payments on debt, rose to $9.9 million, a (more)…