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Saturday 15 August 2015
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Pre-Market Stocks Roundup: Lockheed Martin (NYSE:LMT), MDU Resources Group (NYSE:MDU), Flowserve (NYSE:FLS), Envision Healthcare Holdings Inc (NYSE:EVHC)

On Thursday, Lockheed Martin Corporation (NYSE:LMT)’s shares inclined 0.51% to $209.84.

The Lockheed Martin (LMT) Joint Light Tactical Vehicle (JLTV) Team continues to produce company-funded Production Representative Vehicles (PRVs) at its Camden, Arkansas, production facility.

The PRVs are being assembled to reduce technical risk, optimize the advanced production processes at the Camden assembly plant, and to exercise and prepare the supply chain.

The Lockheed Martin Team’s JLTV is a fully integrated combat tactical system that meets recently’s requirements and was designed with the future in mind. It offers MRAP levels of protection with unprecedented cross-country mobility, a substantial enhance in performance and payload, in addition to greater reliability, outstanding fuel efficiency, and lower operations and sustainment costs.

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It also provides administration, engineering, technical, scientific, logistics, and information services. Its Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.

MDU Resources Group Inc (NYSE:MDU)’s shares dropped -2.49% to $18.38.

MDU Resources Group, Inc. (MDU) stated second quarter merged adjusted earnings of $29.1 million, or 15 cents per common share, contrast to $34.1 million, or 18 cents per common share for the second quarter of 2014. On a GAAP basis the company stated a loss of $229.8 million, or $1.18 per share, contrast to second quarter 2014 earnings of $53.9 million, or 28 cents per share.

Adjusted earnings for the six months ended June 30 were $56.5 million, or 29 cents per share, contrast to $69.6 million, or 36 cents per share a year ago. On a GAAP basis the company stated a loss of $535.9 million, or $2.75 per share, contrast to earnings of $110.4 million, or 58 cents per share in 2014.

MDU Resources Group, Inc. operates as a diversified natural resource company in the United States. The company’s Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. As of December 31, 2014, it served about 138,000 residential, commercial, industrial, and municipal customers in 177 communities and adjacent rural areas.

At the end of Thursday’s trade, Flowserve Corp (NYSE:FLS)‘s shares dipped -1.58% to $47.46.

Flowserve Corporation (FLS), a leading provider of flow control products and services for the global infrastructure markets, recently stated Adjusted1 Earnings Per Share (EPS) of $0.80 for the 2015 second quarter, which comprises $0.06 per share of negative currency translation as contrast to last year, and excludes $0.24 per share of adjusted items. As formerly revealed, Flowserve’s 2015 Adjusted EPS calculation excludes the impact of the SIHI Group (“SIHI”) acquisition, which was accomplished on January 7, 2015, in addition to below-the-line foreign currency effects and specific one-time events, such as the 2015 realignment initiatives.

Second Quarter 2015 Summary (all comparisons as compared to preceding year quarter, unless otherwise noted):

  • Bookings were $1.12 billion, counting $61.5 million from SIHI
    • Bookings raised 7.0% sequentially and comprised of about $636 million of original equipment and $479 million of aftermarket bookings
    • Not taking into account SIHI’s contribution, bookings raised 11.3% sequentially and reduced 15.3% as contrast to preceding year on a constant currency basis

Flowserve Corporation designs, manufactures, distributes, and services industrial flow administration equipment worldwide. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD). The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related equipment and services, in addition to manufactures gas-lubricated mechanical seals used in high-speed compressors.

Envision Healthcare Holdings Inc (NYSE:EVHC), ended its Thursday’s trading session with -0.16% loss, and closed at $43.89.

Envision Healthcare Holdings, Inc. (EVHC) (Envision), has entered into a definitive agreement to acquire Rural/Metro Corporation (Rural/Metro) through its medical transportation segment American Medical Response (AMR). This pending acquisition enhances Envision’s mobile integrated healthcare delivery capability, a key component of its care coordination model amongst its pre-hospital, acute care and post-acute care services.

Rural/Metro is predictable to generate annualized 2015 revenue of about $600 million. Upon closing, the transaction is predictable to be accretive to Envision’s earnings. The pending acquisition is subject to regulatory approval and customary closing conditions, and is predictable to close in the fourth quarter of 2015.

Envision Healthcare Holdings, Inc. provides physician-led, outsourced medical services to consumers, hospitals, healthcare systems, health plans, and government entities in the United States. It offers a range of hospital-based physician staffing and related administration services, counting contract administration, staffing, recruiting, scheduling, operational improvement assessment, practice support, and practice improvement services for emergency departments, anesthesiology, hospitalist/inpatient care, radiology, tele-radiology, and surgery programs; and physician-led care administration solutions to patients outside the hospital.

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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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