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Wednesday 19 August 2015
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Current Trade News Alert on: Sempra Energy (NYSE:SRE), Resource Capital (NYSE:RSO), Norwegian Cruise Line Holdings (NASDAQ:NCLH), Knight Transportation (NYSE:KNX)

During Monday’s Current trade, Shares of Sempra Energy (NYSE:SRE), lost -0.51% to $105.61.

Sempra Energy (SRE) awarded $1,000,000 in grants to over 87 regional safety partners as part of SAFE San Diego, a SDG&E philanthropic initiative aimed at supporting non-profit organizations dedicated to disaster preparedness, emergency response training, wildfire education, and defensible space assistance programs.

Sempra Energy operates as an energy services holding company worldwide. The company’s San Diego Gas & Electric Company segment transmits and distributes electricity and/or natural gas. As of February 23, 2015, this segment offered energy service about to 3.4 million consumers through 1.4 million electric meters and 878,000 natural gas meters in San Diego and southern Orange counties. Its Southern California Gas Company segment transmits, distributes, and stores natural gas. As of February 6, 2015, this segment served about to 21 million consumers through 5.8 million meters in 500 communities.

Shares of Resource Capital Corp. (NYSE:RSO), inclined 2.04% to $3.25, during its current trading session.

Resource Capital Corp. ( RSO) declared that its Board of Directors has approved a one-for-four reverse stock split of the Company’s common stock.

The reverse stock split is predictable to take place after the market close on August 31, 2015 (the “Effective Date”). On the Effective Date, every four issued and outstanding shares of Company common stock will be converted into one share of Company common stock, and the number of authorized shares of Company common stock will also be reduced on a one-for-four basis. Trading in the Company’s common stock on a split adjusted basis is predictable to start at the market open on September 1, 2015. The Company’s common stock will continue trading on the NYSE under the symbol “RSO” but will be assigned a new CUSIP number. The Company believes that existing stockholders will benefit from the ability to attract a broader range of investors as a result of the reverse stock split and a higher per share stock price.

Resource Capital Corp., a diversified real estate investment trust, primarily focuses on originating, holding, and managing commercial mortgage loans and other commercial real estate-related debt and equity investments in the United States. The company invests in commercial real estate-related assets, such as first mortgage loans; first preceding interests in first mortgage real estate loans; subordinate interests in first mortgage real estate loans; mezzanine debt; commercial mortgage-backed securities; commercial real estate; and residential mortgage loans and mortgaged-backed securities.

Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH), during its Monday’s current trading session gained 0.25% to $59.55.

Norwegian Cruise Line Holdings Ltd. (NCLH) together with NCL Corporation Ltd., “Norwegian Cruise Line Holdings”, “Norwegian” or the “Company”, stated financial results for the quarter ended June 30, 2015 and offered guidance for the third quarter and full year 2015.

Second Quarter 2015 Highlights

  • Improvement in Adjusted EPS of 29.3% to $0.75 on Adjusted Net Income of $171.6 million.
  • Enhance in Adjusted Net Yield on a Combined Company basis of 1.5%, or 3.2% on a Constant Currency basis, driven by pricing improvement in the quarter. Enhance of 18.2% on an as stated basis.
  • Continued synergy identification efforts from the integration of Norwegian and Prestige lead to synergies of $75 million in 2015 and $125 million in 2016 preceding to reinvestment.

Norwegian Cruise Line Holdings Ltd., a cruise line operator, through its auxiliaries, provides cruise experiences for travelers with various itineraries. It offers cruises ranging from 1 day to 180 days. The company’s distribution channel comprises independent travel agents, wholesalers, and tour operators. It operates 21 ships under the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands with about 40,000 lower berths visiting about 430 destinations worldwide.

Finally, Knight Transportation (NYSE:KNX), decreased -0.89%, to $27.95.

Knight Transportation, Inc. (KNX) declared that its Board of Directors has declared the company’s quarterly cash dividend of $0.06 per share of common stock. This quarterly dividend is following a cash dividend policy approved by the Board of Directors. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board of Directors each quarter after its review of the company’s financial performance.

The company’s dividend is payable to shareholders of record on September 4, 2015 and is predictable to be paid on September 25, 2015.

Knight Transportation, Inc., together with its auxiliaries, operates as a short-to-medium haul truckload carrier of general commodities primarily in the United States. It operates through two segments, Trucking and Logistics. The Trucking segment offers truckload carrier dry van, temperature-controlled (refrigerated), and drayage services between ocean ports, rail ramps, and shipping docks. As of December 31, 2014, it operated 3,718 company-owned tractors; and an average of 9,732 trailers, in addition to had 456 tractors under contract that are owned and operated by independent contractors.

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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.

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