Search
Thursday 23 April 2015
  • :
  • :

4 Stocks in the Pit: Principal Financial Group (NYSE:PFG), Dover (NYSE:DOV), Companhia de Saneamento Basico (NYSE:SBS), Halcon Resources (NYSE:HK)

On Friday, Principal Financial Group Inc (NYSE:PFG)’s shares declined -3.23% to $50.28, as To further build its employee stock ownership plan (ESOP) team, the Principal Financial Group® hired Kim Blaugher as a vice president of consulting and Amy Hartnett as a director of business development. Blaugher and Hartnett round out the 30-person team dedicated to the firm’s ESOP business.

Blaugher rejoins The Principal after serving as a vice president of consulting on the ESOP team for nearly 20 years. He most recently was a senior director for BDO USA, LLP, within its ESOP consulting group. Blaugher has a master’s degree in taxation from the University of Denver and a bachelor’s degree in economics from Earlham College.

Principal Financial Group, Inc. provides retirement, asset administration, and insurance products and services. It operates through Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.

Dover Corp (NYSE:DOV)’s shares dropped -3.10% to $69.40, during the last trading session on Friday, as Dover, declared that it has revised its forecast for 2015 full-year proceed and diluted earnings per share from ongoing operations (“EPS”).

The Corporation now anticipates full-year proceeds to decline -4% to -6% as compared to a preceding proceed forecast of +1% to -2%. This revised forecast comprises organic proceed of -2% to -4%, a -4% influence from foreign currencies, and growth from accomplished attainments of 2%. The main factors driving this revision are weaker North American oil & gas markets, the exchange rate influence of foreign currencies and slower capital spending within Dover`s core retail refrigeration end markets. Full-year EPS is now anticipated to be in the range of $4.20 - $4.40, as contrast to its preceding guidance of $4.70 - $4.95. This new forecast represents a $0.55 reduction to the high-end of the preceding guidance and a $0.50 reduction to the low-end. About $0.20 of the full-year influence of this revised forecast will be reflected in the first quarter of 2015.

Dover Corporation manufactures and sells a range of equipment and components, specialty systems, and support services in the United States. The corporation operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.

At the end of Friday’s trade, Companhia de Saneamento Basico (ADR) (NYSE: SBS)‘s shares dipped -2.92% to $5.66, as Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP, following CVM Instruction 358 of January 3rd, 2002, and amendments thereto, hereby declares that, in regard to the Material Fact of March 31, 2015, which stated that the Sao Paulo State Sanitation and Energy Regulatory Agency had, on that date, presented for Public Consultation a proposal for a Sabesp Extraordinary Tariff Revision, in accordance with Preliminary Technical Note RTS/003/2015, the total raise in the tariff projected by the agency is 13.87% and not 13.97%, as revealed formerly.

In addition, ARSESP published in the Official Gazette of the State of Sao Paulo (DOE), a notice announcing that it will hold Public Hearings on the proposal for the Sabesp Extraordinary Tariff Revision, in accordance with Preliminary Technical Note RTS/003/2015, at 9:00 a.m. on April 15 in the Auditorium of the Department of Agriculture and Supply, located at Praca Ramos de Azevedo, 254, Sao Paulo/ SP.

Companhia de Saneamento Básico do Estado de São Paulo–SABESP provides basic and environmental sanitation services; and supplies treated water on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo.

Halcon Resources Corp (NYSE:HK), ended its Friday’s trading session with -2.87% loss, and closed at $1.69, as Halcon Resources Corporation, declared plans to release its first quarter 2015 financial results on Tuesday, May 5, 2015 after trading closes on the New York Stock Exchange.

The Corporation has also planned a symposium call to talk about the release for Wednesday, May 6, 2015 at 10:00 a.m. EDT (9:00 a.m. CDT).

Halcón Resources Corporation, an independent energy corporation, is engaged in the attainment, production, exploration, and development of onshore oil and natural gas properties in the United States.

DISCLAIMER:

This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.

Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.




Leave a Reply

Your email address will not be published. Required fields are marked *