Textron Non-Committal on Potential of Uber for Business Jets
The inventory on Textron’s balance sheet increased from $4.1 billion in the beginning of the year to $4.8 billion at the end of 3Q16.
Textron’s (TXT) revenues in 3Q16 rose 2.2% to ~$3.3 billion, missing estimates by $150 million. Sales growth was driven by 2.1% inorganic growth.
Despite raking in higher revenues, Textron’s (TXT) segment profits at $310 million were $2 million lower than last year.
Textron announced its 3Q16 earnings on October 20, 2016. Its earnings resulted in a price rise of nearly 3.7%, and the stock closed at $39.49 that day.
Of the 28 analysts rating UNP’s stock, 18 (64.3%) have issued a “buy.” Eight (28.6%) analysts have issued a “hold,” whereas two (7.1%) have issued a “sell.”
In Union Pacific’s earnings release on October 20, the company’s 3Q16 operating revenues were $5.2 billion, which is 7% lower than its $5.6 billion in 3Q15.
In 3Q16, Union Pacific’s (UNP) Chemical division revenues fell 1% YoY (year-over-year) to $875 million, as compared to $882 million in 3Q15.
Union Pacific’s revenues from its Industrial Products segment, along with revenues from coal, were mainly responsible for the overall revenue fall in 3Q16.
Union Pacific’s (UNP) Intermodal revenues in 3Q16 fell 9% YoY (year-over-year) to $957 million, as compared to ~$1.04 billion in 3Q15.
In 3Q16, Union Pacific’s (UNP) freight revenues from agriculture products rose 6% YoY to $937 million, as compared to $880.0 million in 3Q15.
On October 20, 2016, Union Pacific released its 3Q16 earnings, reporting adjusted EPS of $1.36 and missing the Wall Street analyst estimate of ~$1.40.
Wabco Holdings (WBC) has a market cap of $5.6 billion. It fell 5.9% to close at $99.51 per share on October 20, 2016.
The analysts are estimating EPS of $1.44 for United Parcel Service (UPS). In the same period last year, UPS’s EPS was $1.39, representing a slight rise.
Out of 23 analysts covering UPS’s stock, seven (30.4%) analysts have issued a “buy” recommendation, while 15 (65.2%) have issued “hold” recommendations.
Bloomberg’s surveyed analysts estimate a 3Q16 operating profit of $2 billion for UPS. This figure translates into an operating margin of 14%.
Amazon Fulfillment Services will operate ATSG’s 20 Boeing 767 freight aircraft to deliver ordered merchandise to AMZN’s customers in the US.
For 3Q16, the analysts surveyed by Bloomberg expect revenues of $14.7 billion for United Parcel Service, which would be a YoY rise of 3.5%.
United Parcel Service (UPS) is set to report its 3Q16 earnings on October 27, 2016, before markets open.
China’s (FXI) auto sales rose to 2.6 million in September 2016 from 2.1 million in August. September’s auto sales were 26% higher than the same period in 2015.
China’s crude oil imports rose to ~33.1 million metric tons in September 2016. On a per-day basis, imports stood at ~8.0 MMbpd, which was 18% higher than ~6.8 MMbpd recorded in the same period in 2015.