Honeywell’s Stock Performance since Its 1Q17 Earnings
Honeywell (HON) plans to announce its 2Q17 earnings on July 21, 2017, before the market opens. Since its 1Q17 earnings release, the company has gained 6.5%.
J.B. Hunt is way ahead of its peers based on the PE ratio and PBV ratio. J.B. Hunt outperformed its ETFs based on the price movement, PE ratio, and PBV ratio.
J.B. Hunt (JBHT) has a market cap of $8.7 billion. After the earnings report in 3Q15, it rose by 3.3% to close at $75.09 per share as of October 14, 2015.
Jeffrey Immelt’s Restructuring Efforts at General Electric
During Jeffrey Immelt’s 16-year tenure as GE’s CEO, the company delivered a return of 1.5% on an annual basis.
General Electric’s 2Q17 earnings per share, on a GAAP basis, fell 53.3% to $0.14 from $0.30 in 2Q16.
On August 1, 2017, John Flannery took the reins as General Electric’s (GE) CEO from Jeffrey Immelt, the firm’s former CEO.
Wall Street’s Views on Deere after Fiscal 3Q17 Earnings
The number of analysts covering Deere (DE) stock has increased from 20 to 21. About 62.0% of them have recommended a “hold” for the stock.
In fiscal 3Q17, Deere’s (DE) Construction & Forestry segment reported revenue of $1.5 billion, a 29.0% rise on a year-over-year basis.
Deere’s (DE) Agriculture & Turf segment reported revenue of $5.3 billion in 3Q17, a 13.6% rise on a year-over-year basis.
What Does Spirit Airlines’ Current Valuation Indicate?
Currently, Spirit Airlines (SAVE) is valued at 6.2x its forward EV-to-EBITDA ratio, which is in line with its average valuation since 2012 of 6.1x.
Currently, 38.5% of the analysts tracking Spirit Airlines (SAVE) stock have a “strong buy” rating on the stock.
For 3Q17, Spirit Airlines’ (SAVE) sales are expected to rise 21.7% year-over-year (or YoY) to $756.4 million.
Why Most Analysts Have a ‘Hold’ Opinion on United Parcel Service
Of the 27 analysts covering UPS, four analysts (14.8%) recommended a “strong buy” for UPS stock.
In 2Q17, United Parcel Service’s operating profit rose 8.7% to $2.2 billion from $2.0 billion in 2Q16.
In 2Q17, UPS’s Supply Chain and Freight vertical revenues reached $2.8 billion, up 12% from $2.5 billion in 2Q16.
Analyst Recommendations for Crude Tanker Companies in Week 33
Previously in this series, we saw that crude tanker stocks fell again in Week 33 (ended August 18, 2017). Average VLCC (very large crude carrier) rates rose from multiyear lows, whereas Suezmax…
According to the Weber weekly report, VLCC (very larger crude carrier) rates in the Middle East saw minor improvement in Week 33. A total of 23 VLCC fixtures were recorded,…
In the previous part of this series, we saw that despite muted Suezmax demand, Suezmax rates rose in Week 33 (ended August 18, 2017). VLCC (very large crude carrier) and Aframax…
Honeywell’s Valuations Surpass Its Peer’s Valuations
As of August 15, 2017, Honeywell’s one-year forward PE multiple stood at 18.30x—compared to United Technologies’ one-year forward PE multiple of 17.0x.
Among the 19 analysts, 79% of the analysts recommended a “buy” on Honeywell, 21% recommended a “hold,” and none recommended a “sell.”
So far, Honeywell’s investors must be satisfied with the kind of returns that it has generated in 2017. Honeywell continued its staggering performance.
How Are Safe Havens Faring in This North Korea Fear?
The safe havens that benefit the most in times of uncertainty include gold (GLD) and U.S. Treasuries (GOVT).
Some companies benefit in times of uncertainty, and some sectors provide cover for investors.
General Electric (GE) has a mean rating of 2.4, indicating a “buy” suggestion from Reuters-surveyed analysts.
Dividend Yield of the S&P Global
The S&P Global’s PE ratio of 18.9x compares to a sector average of 25.1x. The dividend yield of 1.1% compares to a sector average of 3.2%.
Stanley Black & Decker’s (SWK) PE ratio of 21.1x is pitted against a sector average of 29.3x. The dividend yield of 1.8% is pitted against a sector average of 1.6%.
Archer-Daniels Midland’s (ADM) PE ratio of 19.1x compares to a sector average of 23.8x. The dividend yield of 3.1% compares to a sector average of 2.4%.
How Did Johnson Controls Perform in 4Q16?
Johnson Controls (JCI) has a market cap of $41.7 billion. It rose 5.7% to close at $43.94 per share on November 8, 2016. The stock’s weekly, monthly, and year-to-date (or…
Johnson Controls fell 7.9% to close at $40.32 per share on October 31. Its weekly, monthly, and YTD price movements were -9.2%, -13.4%, and 17.9%.
Pool (POOL) has a market cap of $3.8 billion. It rose 0.50% to close at $92.22 per share on October 28, 2016. The stock’s weekly, monthly, and year-to-date (or YTD)…
What Are Analysts’ Recommendations for GasLog Partners?
In June, Morgan Stanley raised the target price for GasLog Partners to $25.5 from $23.5. The current average target price for GasLog Partners is $25.9.
Wall Street analysts expect GasLog Partners’ (GLOP) 2Q17 revenue to rise. Analysts project higher EBITDA in 2Q17 as well.
Wall Street analysts expect revenue of just over $61 million for GasLog Partners (GLOP) in 2Q17—compared to $56 million in the previous quarter.
Should Stanley Black & Decker Raise Its Dividend?
As of June 6, 2017, Stanley Black & Decker’s dividend yield was 1.7% with its current dividend rate of $0.58 per share—low compared to its peers.
On April 20, 2017, Stanley Black & Decker (SWK) declared its regular quarterly dividend of $0.58 per share for 2Q17 due to its outstanding shares.
Barclays gave an “overweight” rating to General Electric’s (GE) stock, with a target price of $34 on July 22. The target price implies a potential rise of 6.0% over July 22’s closing price of $32.06 per share.
Genesee and Wyoming Saw Dive in European Carloads in July 2017
Genesee and Wyoming moved ~91,000 railcars in July 2017 compared to ~97,000 carloads in the same month last year.
In July 2017, Genesee and Wyoming recorded a slight decline in its North American traffic YoY (year-over-year).
Canadian Pacific Railway (CP) is the second largest freight rail in Canada.
U.S. Steel or AK Steel: Which Has Higher Financial Leverage?
U.S. Steel (X) has a net debt-to-EBITDA ratio of 1.53x, while AK Steel’s (AKS) net debt-to-EBITDA ratio is 2.62x based on TTM financials.
AK Steel’s financial position looks weak if we consider its debt and other liabilities—compared to its market capitalization.
A better indicator to measure a company’s financial position is its net debt-to-market capitalization ratio. It shows a company’s leverage position.
Why Analysts Have a ‘Hold’ Opinion on EXPD after Its 2Q17 Earnings
Expeditors International of Washington (EXPD) sees 30% of its revenues originating in the US and the remainder coming from overseas.
In 2Q17, EXPD’s Customs Brokerage segmental revenues rose 10.1% to $471.8 million from $428.4 million in 2Q16.
While EXPD’s revenues grew 13.4% in 2Q17, its operating expenses rose 16%.