Analysts Rate Toro ‘Neutral’ despite Its Impressive Returns
Among the analysts surveyed by Thomson Reuters, all seven have “neutral” ratings on The Toro Company (TTC).
On November 3, 2016, Toro announced that it had entered into an agreement to acquire Regnerbau Calw, a privately held manufacturer of professional irrigation equipment.
The Toro Company (TTC) is scheduled to declare its fiscal 4Q16 earnings on December 8, 2016, for the quarter that ended on October 31, 2016.
Frontline’s (FRO) operating cash flow in 3Q16 was $48.0 million compared to $32.0 million in 3Q15. That’s a 50.0% rise year-over-year.
During the third quarter of 2016, Frontline completed the financing of $328.0 million from the Export-Import Bank of China.
Frontline (FRO) currently has 73 vessels, including newbuilds, in its fleet. The vessels include 25 VLCCs, 22 Suezmax, 22 LR2/Aframax, and one MR.
Frontline’s (FRO) central cash costs include vessel operating expenses and voyage expenses. In 3Q16, its vessel operating expenses were 23.0% of total operating expenses.
Frontline’s (FRO) revenue rose to $157.0 million in 3Q16 from $107.0 million in 3Q15. Its revenue has fallen from last quarter’s $192.0 million.
The crude tanker market has shown some improvement since the end of the third quarter as crude tanker rates began to recover from 24-month lows.
Frontline (FRO), a crude oil carrier based in Hamilton, Bermuda, released its 3Q16 earnings on November 29, 2016. Its net income was $5.5 million, which is $0.03 per share.
For the week ending November 25, 2016, the average bunker fuel price was $311–$324 per ton—compared to $302–$311 per ton in the previous week.
Suezmax rates on the benchmark route (TD20) rose 20% to $38,750 per day on November 24, 2016, from $32,250 per day on November 10, 2016.
In week 47, which ended on November 25, 2016, the BDTI (Baltic Dirty Tanker Index) rose from 828 to 892. The index rose sharply by 28 points on Tuesday.
The average 12-month target price on Donaldson (DCI) has risen from $29.80 at the beginning of 2016 to $36.00 on November 25, 2016.
During the Robert Baird Industrial Conference held on November 8 in Chicago, Donaldson (DCI) noted that it intends to add 1%–2% annual growth through acquisitions.
The Donaldson Company (DCI) is scheduled to declare its fiscal 1Q17 earnings on December 1, 2016. The company’s consensus revenue for fiscal 1Q17 is ~$535.7 million.
Higher construction activity leads to more demand for steel products like rebar. Nucor (NUE) is the largest rebar supplier in North America.
According to data released by the AISI, US steel production rose 7.1% YoY (year-over-year) in the week ending November 19, 2016.
According to data released by the World Steel Association, global steel production stood at 136.5 million metric tons in October 2016.
Markets expect Donald Trump to act against steel imports during his tenure. Trump mentioned steel in several of his speeches before the presidential election.