On Wednesday, Nike Inc (NYSE:NKE)’s shares declined -0.90% to $106.24.
Nike Inc (NKE) will report its earnings for the fiscal quarter ending May 2015. Wall Street is predicting FQ4’15 EPS to come in at $.84, having significantly underestimated EPS every quarter for the past 8 quarters. The Estimize consensus is projecting a slightly higher EPS of $.88, and it has been within 1 cent of Nike’s actual EPS in 4 of the last 8 quarters.
Nike is a world leader in marketing, designing, and distributing athletic footwear, apparel, accessories, and equipment, and it controls over 60% of the footwear market share. The company recently declared a partnership with the NBA to take over its licensing of apparel from Adidas starting in 2017, making Nike the first company to have its logo appear on NBA players’ uniforms. The deal will commence at the starting of the 2017 - 2018 NBA season and last for 7 years. ESPN has estimated the value of Nike’s new partnership at over $1 billion.
In terms of its financials, Nike has slightly underperformed when contrast to the industry average. Experiencing 19% revenue growth in China and 23% growth in Western Europe, Nike raised revenue by 7% since the same quarter one year prior, though lower than the industry average of 9.7%. However, the company’s stock price may tell a different story. Year-to-date, Nike’s stock price has raised 11.25% when contrast to the S&P 500’s enhance of 3.34%.
NIKE, Inc., together with its auxiliaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. The company offers products in eight categories, counting running, basketball, football, men’s training, women’s training, sportswear, action sports, and golf under the NIKE and Jordan brand names.
Seventy Seven Energy Inc (NYSE:SSE)’s shares dropped -10.98% to $5.27.
Aveda Transportation and Energy Services Inc. a leading provider of oilfield hauling services and equipment rentals to the energy industry, recently declared that, through its operating partner in the US, it has accomplished the acquisition of Hodges Trucking Company, L.L.C. (“Hodges”), from an associate of Seventy Seven Energy Inc. (SSE). The purchase price was US$42.0 million. US$15.0 million of the purchase price is financed through the Company’s existing senior credit facility and US$27.0 million is financed by a seller take-back note (the “Note”). The Note is a 5 year term debt note with no requirement for principal amortization. The Note bears interest at 9% per annum which interest shall be paid quarterly. The Note is secured by a 2nd lien on the Company’s fixed assets and accounts receivable. The Company anticipates to provide further details and an operation update later this week.
Seventy Seven Energy Inc. provides oilfield services in the United States. The company operates in four segments: Drilling, Hydraulic Fracturing, Oilfield Rentals, and Oilfield Trucking. The Drilling segment offers land drilling and drilling-related services, counting directional drilling for the oil and natural gas exploration and development activities. The Hydraulic Fracturing segment provides hydraulic fracturing and other well stimulation services.
At the end of Wednesday’s trade, Actinium Pharmaceuticals Inc (NYSEMKT:ATNM)‘s shares dipped -0.71% to $2.78.
Actinium Pharmaceuticals Inc (ATNM) declared the closing of its formerly declared registered direct offering of $5.0 million of its common stock. Under the terms of the subscription agreements, the Company issued an aggregate of 1,923,078 shares of the Company’s common stock at a purchase price of $2.60 per share. This financing was led by investor Dr. Phillip Frost.
Actinium anticipates using the net proceeds for general corporate purposes, counting capital expenditures, the advancement of our product candidates in clinical trials, such as Iomab™-B and Actimab-A, preclinical trials, to support licensing activities, and to meet working capital needs.
Actinium Pharmaceuticals, Inc., a biopharmaceutical company, develops drugs for the treatment of cancer. The company develops therapies for life threatening diseases using its alpha particle immunotherapy platform and other related and similar technologies. Its products comprise Actimab-A, an antibody-drug construct, which comprises monoclonal antibody Lintuzumab and alpha emitting radioisotope actinium 225; and is in multicenter Phase I/II clinical trials for acute myeloid leukemia (AML).
Nordic American Tanker Ltd (NYSE:NAT), ended its Wednesday’s trading session with -1.11% loss, and closed at $14.64.
As we approach the halfway point of 2015, I`d like to share with you some of my views on the current state of the tanker market and on our business in general. We are in the midst of an interesting period during which the tanker market is showing positive developments, a point we talk about in our first quarterly report earlier this year.
The decline of the price of oil coupled with minimal tanker fleet growth are among the factors behind this gratifying development for Nordic American. In our previous communications to investors, we have talked about the trends in tanker demand and supply, trends that have assisted make this market such a solid one.
Our business is sustainable both in strong and weak markets based upon simplicity, transparency and predictability. NAT has a very high degree of liquidity in the stock; at this time about 1.5 million shares are bought and sold every day. We have achieved such good results by sticking to our strategy, which can be summarized as follows:
- Expansion of a homogeneous fleet
- The payment of dividend every quarter
- Limited debt and a strong balance sheet
- Maintenance of a top quality fleet
- Aligned interests between shareholders and administration
- A low cash breakeven point through effective administration.
For the second quarter of 2015, we believe that NAT will achieve rates generally at the same level as in the first quarter of 2015. This should result in a strong dividend for 2Q2015 too, a dividend which will be declared in mid-July. As you know, we have retained some cashflow in recent quarters - this reflects our strategy of effectively managing risk and working towards the long term benefit of shareholders. Cash held back will contribute to the financing of fleet expansion.
Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers. As of December 31, 2014, it owned 24 Suezmax crude oil tankers, counting two new buildings under construction. The company was founded in 1995 and is based in Hamilton, Bermuda.
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