What Tax Cuts in the US Meant for CF Industries
During 4Q17, CF Industries received a one-time tax benefit of $491 million, or $2.09 per share, from the lowered corporate taxes in the US.
In 4Q17, CF Industries saw an improvement in profitability due to an increase in production, selling prices, and operating efficiencies.
CF’s Ammonia segment’s gross margin per ton expanded from $1.00 per metric ton to $36.00 per metric ton.
What Analysts Recommend for Wendy’s ahead of 4Q17 Earnings
As of February 15, Wendy’s (WEN) was trading at $15.70. On the same day, analysts were expecting the company’s stock price to reach $17.69 in the next 12 months
Valuation multiples help investors compare companies with similar business models.
For 4Q17, analysts expect Wendy’s (WEN) to post EPS (earnings per share) of $0.11, which represents growth of 37.5% from its $0.08 in 4Q16.
PepsiCo Stock: A Look at Analysts’ Reaction to 4Q17 Results
Following the 4Q17 results, PEP stock was downgraded to “in line” from “outperform” by Evercore on February 14.
PepsiCo’s (PEP) gross margin declined in fiscal 4Q17, but its operating margin expanded on a year-over-year basis.
PepsiCo’s North America Beverages segment continued to be impacted by weak volumes.
Marathon Oil: Wall Street Ratings after 4Q17 Earnings
As of February 15, Reuters reported 26 analysts with recommendations on Marathon Oil (MRO).
Marathon Oil announced its 4Q17 earnings on February 14, after the market closed.
For 4Q17, Marathon Oil (MRO) reported operating cash flow of ~$501 million, which is much lower than Wall Street analysts’ expectation of ~$685 million.
Goldman Sachs Is Trading at Discount to Peers
Goldman Sachs (GS) stock has risen 15.4% over the past six months and 5.4% over the past year.
Bitcoin’s performance has been very volatile. Some believe its future is not looking stable with government intervention in some countries.
Analysts have given GS a mean price target of $268.29, implying a 2% rise from its current level of $262.58.
Analysts’ Recommendations for GlaxoSmithKline after 4Q17 Earnings
Analysts’ recommendations for GSK show a 12-month target price of $40.50 per share compared to its price of $36.46 per share on February 14.
On February 15, 2018, GlaxoSmithKline traded at a forward PE multiple of 12.9x, which is lower than the industry average of 13.3x.
GSK’s Consumer Healthcare business reported revenues of ~1.9 billion pounds in 4Q17, reflecting ~1.0% growth in revenues in 4Q16.
What Drove Industrial Production Lower in January 2018?
The Federal Reserve’s report indicated that industrial production fell 0.1% in January as compared to a 0.9% increase in December.
For 2018, United Parcel Service anticipates the midpoint of its adjusted EPS to be $7.20, indicating an estimated 20% growth.
Among its peers, UPS has the highest forward dividend yield of 3.3%. In the past three years, its forward dividend yield has risen steadily.
Why Building Permits Plateaued in December
The Conference Board uses the number of building permits issued as one of the constituents of its LEI (Leading Economic Index) model.
According to the January report from NAR, existing home sales decreased 3.6% to a seasonally adjusted annual rate of 5.57 million homes in December.
For 2017, 1,263,400 housing units have been authorized by building permits—a 4.7% increase from 1,206,600 housing units in 2016.
Blue Apron: What Analysts Are Saying after Its 4Q17 Results
Of the 16 analysts covering Blue Apron stock on February 14, 69% recommended a “hold,” 25% recommended a “buy,” and 6% recommended a “sell.”
Blue Apron’s cost of goods sold fell 10.7% in 4Q17, and its total operating expense fell 6.9% on a year-over-year basis.
In November 2017, the company’s co-founder and CEO, Matt Salzberg, stepped down, and CFO Brad Dickerson was named as the new CEO.
Why Is NRG Energy’s Implied Volatility Up?
On February 1, 2017, NRG Energy had the highest implied volatility among the utility companies that make up the Utilities Select Sector SPDR ETF (XLU).
On January 11, 2017, NRG Energy (NRG) had a short interest-to-equity float ratio of 6.7%—the highest among the utility stocks that make up XLU.
NRG Energy rose 45.5% in the past year. It has the highest implied volatility of all the utility companies that make up XLU. In the past week, it rose 8.2%.