On Wednesday, Emerson Electric Co. (NYSE:EMR)’s shares declined -0.71% to $57.49.
Emerson Electric Co. (EMR) is all set to assist India in mitigating its growing energy demand. The company’s business unit, Emerson Process Administration, lately secured a contract from National Thermal Power Corporation (‘NTPC’) Limited. The contract requires Emerson to provide automation expertise and technologies for two newly build 800-megawatt supercritical energy generating units at Darlipali Super Thermal Power Station, located in Sundergarh District of Odisha in India. The deal would serve to satisfy the region’s growing energy requisites.
In the contemporary era of ‘reverse innovation’, emerging economies like India are considered to be the primary hubs of industrial growth and research stations, since increasing rate of employment, literacy and social development in these countries call for greater energy demand. NTPC Limited is the biggest power utility corporation in India, which has pioneered automation of national power stations like Sipat, Simhadri, and Tanda and is also guiding certain similar projects at present.
Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Administration, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The Process Administration segment offers products and technology, and engineering, project administration, and consulting services for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs and plants. This segment serves end markets in oil and gas, refining, chemicals, power generation, pharmaceuticals, food and beverages, pulp and paper, metals and mining, and municipal water supplies.
Knight Transportation (NYSE:KNX)’s shares dropped -4.54% to $26.72.
Knight Transportation (KNX) declared recently that its Board of Directors 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 June 5, 2015 and is predictable to be paid on June 26, 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. The Logistics segment provides logistics, freight administration, freight brokerage, rail intermodal, and other non-trucking services.
At the end of Wednesday’s tradeHovnanian Enterprises, Inc. (NYSE:HOV)‘s shares surged 2.21% to $2.78.
Hovnanian Enterprises, Inc. (HOV) which has witnessed a noteworthy price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in HOV.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 30 days, contrast with no upward revisions. This trend has caused the consensus estimate to trend lower, going from earnings of 4 cents a share a month ago to its current level of a loss of 5 cents.
Also, for the current quarter, Hovnanian Enterprises has seen 1 downward estimate revision as compared to no revisions in the opposite direction, dragging the consensus estimate down to the break-even point from 4 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 12.5% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active adult homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active adult buyers, and empty nesters in 201 communities in 34 markets.
Xilinx, Inc. (NASDAQ:XLNX), ended its Wednesday’s trading session with -0.78% loss, and closed at $45.75.
Xilinx, Inc. (XLNX) declared that it was presented the winner of the Outstanding Components Vendor category in the 2015 Leading Lights Awards, organized by Light Reading publication. Xilinx was chosen from a field that comprised of six other entrants at the Leading Lights awards dinner in Chicago on Monday, June 8, coinciding with the Big Telecom Event. The Outstanding Components Vendor category recognized the vendor that stands out from its competitors, innovates constantly, assists set the industry trends, makes investors proud, and makes employees happy.
Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP), which comprises of Xilinx and various third-party verification and IP cores.
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