Nike's Recent Stock Slide and the Analysts' Reaction
Nike’s (NKE) stock plunged over 7% on Wednesday, March 23, a day after the company reported mixed results for fiscal 3Q17.
In 3Q17, the company incurred a capex of $1.1 billion, which represents 7.4% of the 3Q17 total revenues of ~$15.0 billion.
Analysts’ recommendations have changed in FedEx’s (FDX) favor after its 3Q17 results.
The FedEx Ground segment’s revenues rose 6% from $4.4 billion in 3Q16 to $4.7 billion in fiscal 3Q17.
The FedEx Freight segment revenues rose 3.1% from $1.4 billion in 3Q16 to $1.5 billion in fiscal 3Q17.
FedEx’s (FDX) overall operating margin on a reported basis was 6.8% in 3Q17, almost flat on a year-over-year basis.
In 3Q17, FedEx’s (FDX) Express segment reported revenue of $6.7 billion as compared to $6.5 billion in 3Q16.
FedEx (FDX) reported adjusted EPS (earnings per share) of $2.35 in 3Q17, missing analysts’ consensus estimate of $2.61 per share by 10.1%.
In this article, we’ll talk about the performances of Nike’s (NKE) key brands, Nike and Converse, and their key geographies.
Nike reported a 23.6% year-over-year rise in its earnings per share (or EPS) to $0.68 during fiscal 3Q17. The company outperformed Wall Street analysts’ estimate by a huge margin.
Nike (NKE) reported its fiscal 3Q17 results after the market closed on March 21, 2017. Its results relate to the three-month period that ended on February 28, 2017.
According to a Reuters consensus, Tsakos Energy Navigation has a consensus rating of 1.9, which means a “buy.”
At the end of the fourth quarter, Tsakos’s debt rose $177.0 million from the previous quarter. Rising debt was due to the delivery of its newbuilds.
Tsakos Energy Navigation’s (TNP) operating cash flow in 4Q16 was $32.2 million. That compares to $44.8 million in the previous quarter.
Tsakos Energy Navigation (TNP) has a fleet of 65 double hull vessels consisting of a mix of crude oil tankers, product tankers, and LNG carriers.
In 4Q16, Tsakos Energy Navigation’s EBITDA was $53.4 million. That’s 31.0% higher than the previous quarter’s EBITDA of $40.5 million.
Tsakos Energy Navigation (TNP) posted revenue of $130.0 million in 4Q16, which was 19.0% higher than $109.0 million in 3Q16.
Oil demand in 2016 rose 1.6 million barrels per day. In 2017, oil demand growth is forecast at 1.4 million barrels per day.
On March 17, 2017, Tsakos Energy Navigation (TNP) announced its 4Q16 earnings. Its net revenues were $99.1 million, which was $17.0 million more than 3Q16.
Dollar General’s (DG) EPS rose 12% year-over-year to $4.43 for fiscal 2016.