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Home » Business & Finance » Momentum Stocks Alert: Lumber Liquidators Holdings Inc (NYSE:LL), MasTec, Inc (NYSE:MTZ), Atlantic Power (NYSE:AT), Del Frisco’s Restaurant Group (NASDAQ:DFRG)
Momentum Stocks Alert: Lumber Liquidators Holdings Inc (NYSE:LL), MasTec, Inc (NYSE:MTZ), Atlantic Power (NYSE:AT), Del Frisco’s Restaurant Group (NASDAQ:DFRG)

Momentum Stocks Alert: Lumber Liquidators Holdings Inc (NYSE:LL), MasTec, Inc (NYSE:MTZ), Atlantic Power (NYSE:AT), Del Frisco’s Restaurant Group (NASDAQ:DFRG)

March 2, 2015 2:19 pm by: Category: Business & Finance Leave a comment A+ / A-

Lumber Liquidators Holdings Inc (NYSE:LL) ‘s shares picked up 5.34%, and closed at $51.86, hitting new 52-week high of $110.52, during the last trading session, soon after the news release that a retailer of hardwood flooring in North America, supported several educational organizations across America within the past year through its Lay It Forward philanthropic program. Counting cash and product, the Company donated nearly $100,000 to education related causes.

Benefiting organizations comprise Williamsburg (Va.) Montessori School, Pocono (Pa.) Environmental Education Center, Philadelphia Academies Inc., Thomas Nelson Community College (Va.), National Braille Press (Boston), Warhill (Va.) High School and A Child’s Song (Colo.).

Robert M. Lynch, President and Chief Executive Officer, commented, “Lay It Forward centers on investing in people and organizations that will benefit communities for generations. Education fits this vision well and has become one of the program’s natural focus areas.”

Lumber Liquidators Holdings, Inc., together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories.

MasTec, Inc (NYSE:MTZ), raised 7.50%, and closed at $22.07, hitting new 52-week high of $44.80, soon after an infrastructure construction company, declared 2014 fourth quarter and full year financial results. Fourth quarter 2014 income raised 6.7% to $1.24 billion from $1.16 billion for the prior year fourth quarter. The quarterly income raise was driven by higher income levels in the Communications, Electrical Transmission and Power Generation and Industrial segments. Fourth quarter 2014 net income from ongoing operations was $28 million or $0.33 per diluted share, contrast to $43 million or $0.50 per diluted share in the fourth quarter of 2013.

Fourth quarter 2014 adjusted net income from ongoing operations, a non-GAAP measure, was $34 million contrast to $45 million in 2013. Fourth quarter 2014 ongoing operations adjusted diluted earnings per share, a non-GAAP measure, was $0.40, contrast to $0.53 last year. Fourth quarter 2014 ongoing operations adjusted EBITDA, also a non-GAAP measure, was $112 million contrast to $123 million in 2013. Fourth quarter and full year 2014 financial results comprise the operations of the recently attained WesTower Communications, Inc., in addition to the influence of formerly declared predictable lower levels of wireless project income.

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for energy, utility, and communications infrastructure primarily in the United States.

Atlantic Power Corp (NYSE:AT), enhanced 9.43%, and closed at $2.90, hitting new 52-week high of $4.15, soon after the news release that the company declared its results for the three months and year ended December 31, 2014.

Year End 2014 Financial Highlights:

  • Project Adjusted EBITDA of $299.3 million raised $30.4 million from 2013 and came in at the high end of the Company’s revised guidance range of $285 to $300 million.
  • GAAP results comprised of $106.6 million of non-cash impairments and an $8.7 million non-cash loss on changes in the fair value of derivatives, partially offset by an $8.6 million asset sale gain, for a project loss of $(50.5) million; not including these items, project income was $56.2 million. For 2013, project income of $63.7 million comprised of a $34.9 million non-cash impairment, which was more than offset by a $49.5 million non-cash gain on changes in the fair value of derivatives and a $30.4 million asset sale gain; project income not including these items was $18.7 million. Thus, the year-over-year raise in project income not including these items was $37.5 million.
  • Cash flows from operating activities of $65.0 million reduced $87.4 million from 2013, primarily due to interest expense related to the debt repayment and repurchase transactions in the first quarter of 2014, changes in working capital and the loss of cash flows from businesses that were divested in 2013.

Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2013, its power generation projects in operation had an aggregate gross electric generation capacity of about 2,948 megawatts compriseing of interests in 28 operational power generation projects across 11 states in the United States and 2 provinces in Canada.

Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG), enhanced 5.13%, and closed at $20.09, hitting new 52-week high of $29.61, soon after the news release that the company reported financial results recently for the 16-week fourth quarter and 52-week fiscal year ended December 30, 2014. The Company also provided its outlook for the 52-week 2015 fiscal year.

Key highlights from the fourth quarter 2014 (16 weeks) contrast to the fourth quarter 2013 (17 weeks) comprise:

  • Merged incomes raised 8.6% to $105.8 million from $97.5 million. The 17th week in the fourth quarter of 2013 contributed $5.9 million to merged incomes. Not including this week, merged incomes raised 15.6%.
  • Incomes at Del Frisco’s Grille raised 39.3% to $24.5 million from $17.6 million.
  • On a calendar basis and normalized for New Year’s Eve during the prior year, comparable restaurant sales raised 4.8% at Del Frisco’s Double Eagle and represented the concept’s 20th successive quarter of positive comparable restaurant sales. On a fiscal quarter basis, not including the 17th week in the fourth quarter of 2013, sales in the same restaurants raised 4.9%.
  • On a calendar basis and normalized for New Year’s Eve during the prior year, comparable restaurant sales raised 1.8% at Sullivan’s Steakhouse. On a fiscal quarter basis, not including the 17th week in the fourth quarter of 2013, sales in the same restaurants raised 1.7%.
  • Blended comparable restaurant sales, on a calendar basis and normalized for New Year’s Eve during the prior year, raised 2.4% across all three concepts. Blended comparable restaurant sales, on a calendar basis without adjusting for New Year’s Eve, raised 1.0% across all three concepts. On a fiscal quarter basis, not including the 17th week in the fourth quarter of 2013, sales in the same restaurants raised 2.3% across all three concepts.

Del Frisco’s Restaurant Group, Inc. develops, owns, and operates restaurants in the United States. It owns and operates restaurants under the brand names of Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse, and Del Frisco’s Grille.

Momentum Stocks Alert: Lumber Liquidators Holdings Inc (NYSE:LL), MasTec, Inc (NYSE:MTZ), Atlantic Power (NYSE:AT), Del Frisco’s Restaurant Group (NASDAQ:DFRG) Reviewed by on . Lumber Liquidators Holdings Inc (NYSE:LL) 's shares picked up 5.34%, and closed at $51.86, hitting new 52-week high of $110.52, during the last trading session, Lumber Liquidators Holdings Inc (NYSE:LL) 's shares picked up 5.34%, and closed at $51.86, hitting new 52-week high of $110.52, during the last trading session, Rating: 0

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