On Tuesday, Shares of Rowan Companies plc (NYSE:RDC), gained 4.34% to $22.36.
Rowan Companies, declared that its Board of Directors has declared a quarterly cash dividend of $0.10 per Class A Ordinary Share payable on May 26, 2015 to the shareholders of record at the close of business on May 12, 2015.
Rowan Companies plc provides offshore oil and gas contract drilling services. It operates a fleet of 30 self-elevating mobile offshore jack-up drilling units, in addition to 3 ultra-deepwater drill ships. The company operates in the United States Gulf of Mexico, the United Kingdom, and Norwegian sectors of the North Sea, the Middle East, West and North Africa, Southeast Asia, and Trinidad.
At the end of Tuesday’s trade, Shares of Gray Television, Inc. (NYSE:GTN), jumped 4.10% to $14.21, hitting its highest level.
Gray Television, declared results from operations for the three-month period ended March 31, 2015, counting record first quarter revenues, net income and broadcast cash flow (a non-GAAP measure). During such period, Gray achieved free cash flow of $0.37 and net income of $0.10 per diluted weighted average share outstanding.
Highlights:
- Record Revenue – Gray Television, revenue for the first quarter of 2015 was $133.3 million, which was the highest for any first quarter in company’s history. Moreover, total revenue raised $42.0 million, or 46%, for the first quarter of 2015 contrast to the first quarter of 2014. Not taking into account revenue received in the first quarter of 2014 that was related to the Olympic Games, its total revenue in the first quarter of 2015 contrast to the first quarter of 2014 raised $45.8 million, or 50.1%.
- Record Broadcast Cash Flow - Company’s broadcast cash flow was $46.7 million, which was also the highest for any first quarter in its history.
- Record Net Income – Company’s net income was $5.6 million, which was also the highest for any first quarter in its history.
- Record Retransmission Revenue – Company’s retransmission revenue raised significantly to $36.3 million in the first quarter of 2015, which was also the highest for any first quarter in its history.
- Successful Equity Offering – On March 31, 2015, the company accomplished an underwritten public offering of 13.5 million shares of its common stock resulting in net proceeds, after discounts and expenses, of about $167.5 million.
- Cash – As of March 31, 2015, company’s total cash was $224.6 million.
- Total Leverage Ratio – As of March 31, 2015, the company have lowered our total leverage ratio to 5.9 times on a trailing eight quarter basis (calculated under the terms of our senior credit facility); netting all cash on our balance sheet improves this ratio to 4.9 times.
- Pending Acquisitions – The company declared agreements to acquire television stations KMVT (CBS) and KSVT (FOX) in Twin Falls, Idaho (the “Twin Falls Acquisition”) and television station WAGM-TV, a CBS/FOX associate in Presque Isle, Maine (the “Presque Isle Acquisition”). The company anticipate concluding these acquisitions in the third quarter of 2015.
- Digital – On March 5, 2015, NBCUniversal and Gray declared a contract that expands NBCUniversal’s “TV Everywhere” offering of local NBC linear streams beyond the NBC-owned stations for the first time. This deal authorizes the live linear simulcasts of Gray’s 24 NBC associated television stations. On April 22, 2015, it declared that we had launched five of our CBS associated stations on CBS All Access, CBS’s subscription video on-demand and live-streaming service. Gray’s launch expanded CBS’s direct-to-consumer service into mid-sized markets for the first time.
Gray Television, Inc., a television broadcast company, owns and/or operates television stations and digital assets in the United States. The company owns and operates television stations in 44 television markets broadcasting 139 program streams comprising 76 associates of the Big Four networks, such as ABC, CBS, NBC, and FOX. Its stations comprise 26 channels associated with the CBS Network, 24 channels associated with the NBC Network, 16 channels associated with the ABC Network, and 10 channels associated with the FOX Network.
AK Steel Holding Corporation (NYSE:AKS), ended its last trade with 4.03% gain, and closed at $5.42.
AK Steel Holding Corporation, Coshocton (Ohio) Works has been recognized for outstanding safety performance by the Ohio Bureau of Workers’ Compensation, Division of Safety and Hygiene. The recognition is part of a collaborative safety awareness program established by the Coshocton County Safety Council and Chamber of Commerce.
AK Steel’s Coshocton Works received the “Special Award for Safety” for operating 2,245,862 hours without a lost-time injury between August 5, 2011 and April 23, 2014. AK Steel’s corporate-wide safety performance led the steel industry by a wide margin for the full-year 2014.
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.
Finally, The Estée Lauder Companies Inc. (NYSE:EL), closed at $86.90, with 4.02% gain, hitting its highest level.
The Estée Lauder Companies, stated net sales for its third quarter ended March 31, 2015 of $2.58 billion, a 1% enhance, contrast with $2.55 billion in the preceding-year quarter. The Company stated a 200 basis-point enhance in operating margin, and net earnings for the quarter rose 28% to $272.1 million, contrast with $213.2 million last year. Diluted net earnings per common share raised 30% to $.71, contrast with $.54 in the preceding year. For the quarter, the negative impact of foreign currency translation on diluted net earnings per common share was $.10. Not taking into account the impact of foreign currency translation, net sales raised 8% and diluted net earnings per common share rose 49%.
During the fiscal 2015 and 2014 third quarters, the Company recorded remeasurement charges of $5.3 million and $38.3 million, equal to about $.01 and $.10 per diluted share, respectively, both before and after tax, related to changes in Venezuelan foreign currency exchange rate mechanisms. The fiscal 2014 third quarter also comprised of adjustments associated with restructuring activities.
The Estée Lauder Companies Inc. manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company’s skin care products comprise moisturizers, serums, cleansers, toners, exfoliators, acne and oil correctors, sun care, and eye and body care products; and makeup products comprise of face, eye, lip, and nail products, in addition to related items, such as compacts, brushes, and other makeup tools.
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