Arihant Capital’s research report on Dollar Industries
Dollar Industries or DIL, over the years has transformed itself from mass market brand (86% in FY07) to a house of brands focusing mainly on mid-market and premium segment which as on FY21 contributed 43% and 24% respectively. We believe that the company is riding on key pillars to drive growth; A) Increasing penetration in its existing mass and mid market brands like ‘Dollar’ and ‘Big Boss’, B) Expanding its women’s product portfolio brand under ‘Missy’, C) Customer preference for leisure wear and active....More>>>
Equities analysts expect Ovintiv Inc. (NYSE:OVV) to report sales of $2.02 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ovintiv’s earnings, with the highest sales estimate coming in at $2.32 billion and the lowest estimate coming in at $1.71 billion. Ovintiv reported sales of $1.19 billion in the same quarter last year, which would indicate a positive year over year growth rate of 69.7%. The company is expected to report its next earnings results on Wednesday, October 27th.
On average, analysts expect that Ovintiv will....More>>>
Shares of Uber Technologies (NYSE:UBER) jumped 11.5% on Tuesday after the ridesharing giant boosted its financial forecast.
Uber now expects to generate earnings before interest, taxes, depreciation, and amortization (EBITDA) of negative $25 million in the third quarter. That’s up from a prior estimate of “better than a loss of $100 million.”
Importantly, Uber said in a financial filing that its profit margins are improving in both its ride-hailing mobility segment and Uber Eats delivery business. Delivery has seen particularly....More>>>
Broker-dealer LPL Financial no longer expects the benchmark 10-year Treasury yield to climb as high as 2% by year-end.
Instead, sharp interest from foreign buying in haven U.S. government debt and economic weakness prompted by the coronavirus’ delta variant have led Lawrence Gillum, LPL’s fixed income strategist, to revise lower his firm’s expected year-end range for the benchmark to between 1.5% and 1.75%.
“Higher inflation expectations, less involvement in the bond market by the Federal Reserve (Fed), and a record amount of Treasury issuance this year were all reasons....More>>>
Silgan Holdings Inc. (SLGN Quick QuoteSLGN ) recently acquired Gateway Plastics for $485 million, in order to expand its wide range of product offerings in the Dispensing and Specialty Closures business, while providing additional growth scopes for the existing customers.
Gateway Plastics manufactures dispensing closures and integrated dispensing packaging solutions, and sells these to consumer goods product companies, mainly serving the food and beverage markets. The company has a large state-of-the-art manufacturing plant in Mequon, WI, which is expected to generate around $150....More>>>