On Tuesday, Shares of Blue Buffalo Pet Products Inc (NASDAQ:BUFF), gained 1.02% to $19.81.
Wilton based Blue Buffalo Pet Products, will release its results for the third quarter 2015 after the market closes on Thursday, November 12, 2015.
The company has planned a conference call on Thursday, November 12, 2015 at 5:00pm ET. During the conference call Kurt Schmidt, Chief Executive Officer, William (Billy) Bishop Jr., President and Chief Operating Officer, and Mike Nathenson, Chief Financial Officer, will discuss the third quarter 2015 results and answer questions from the investment community.
Blue Buffalo Pet Products, Inc. operates as a holding company, which through its auxiliaries, produces and distributes pet food. The company offers dog and cat food made with whole meats, fruits, and vegetables under its Blue brand. Blue Buffalo Pet Products, Inc. was incorporated in 2002 and is headquartered in Wilton, Connecticut.
Shares of Enerplus Corp (USA) (NYSE:ERF), inclined 3.00% to $5.50, during its last trading session.
Enerplus Corporation, declares that a cash dividend in the amount of CDN$0.05 per share will be payable on November 16, 2015 to all shareholders of record at the close of business on October 30, 2015 . The ex-dividend date for this payment is October 28, 2015 .
The CDN$0.05 per share dividend is equivalent to about US$0.04 per share if converted using the current Canadian/US dollar exchange rate of 0.7693. The U.S. dollar equivalent dividend will be based upon the actual Canadian/US exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may be applicable. Dividends paid by Enerplus are considered an “eligible dividend” for Canadian tax purposes. For U.S. income tax purposes, Enerplus’ dividends are considered “qualified dividends”.
Enerplus Corporation, together with auxiliaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company primarily has interests in about 162,000 net acres of lands comprising about 77,000 net acres targeting the Stacked Mannville zones and 85,000 net acres targeting the Duvernay formation in the Deep Basin region, Canada.
Finally, Shares of Genuine Parts Company (NYSE:GPC), ended its last trade with 1.18% gain, and closed at $85.66.
Genuine Parts Company, declared sales and earnings for the third quarter and nine months ended September 30, 2015.
Sales for the third quarter ended September 30, 2015 reduced 2% to $3.92 billion contrast to sales of $3.99 billion for the same period in 2014. Net income for the third quarter was $188.0 million contrast to $190.5 million recorded for the same period in the previous year. Earnings per share on a diluted basis were $1.24, equal to the earnings per share for the third quarter last year. Currency negatively influenced revenue growth by about 4% and earnings per share by $0.05 in the third quarter.
The Company’s 2% third quarter sales decline comprised underlying sales growth of 1% and a 1% contribution from acquisitions, offset by a currency headwind of about 4%. Sales for the Automotive Group were down 2% reflecting core automotive growth of 4% offset by a 6% impact of currency. Sales at Motion Industries, our Industrial Group, were down by about 4%, which basically represents the underlying decrease for this business, as a 1% contribution from acquisitions was offset by an equal currency headwind. Sales at EIS, our Electrical/Electronic Group, raised by 2% and comprised about 5% growth from acquisitions, offset by a 1.5% decrease in core sales and a 1.5% negative impact of copper pricing. Sales for S. P. Richards, our Office Products Group, were up 3%, which essentially reflects the underlying growth for this business in the quarter.
Tom Gallagher, Chairman and Chief Executive Officer, commented, “The strength in our underlying Automotive distribution business, in addition to positive sales growth in the Office and Electrical distribution businesses, was offset by noteworthyforeign currency headwinds and ongoing challenging global economic conditions, particularly in our Industrial distribution business. These factors pressured our overall sales and earnings growth as we moved through the third quarter, although our focus on streamlining operations and controlling expenses drove positive margin expansion.”
Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Canada, Mexico, Australia, New Zealand, Puerto Rico, the Dominican Republic, and the Caribbean region. It distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items used in the automotive aftermarket, counting repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals through 60 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.
