Mid cap electronic manufacturing services (EMS) stock Flextronics International Ltd (NASDAQ: FLEX) reported Q1 2017 earnings after the market closed on Thursday with results missing Wall Street expectations and shares falling in afterhours/premarket trading. Net sales grew 2% to $6.0 billion and GAAP net income was approximately $125 million versus net income of $106 million. The CEO commented:
“Our Sketch-to-Scale strategy remains firmly on track as reflected in our first quarter results which were within guidance ranges. While fiscal 2018 is an investment year, we continue to evolve our portfolio and enter and create new markets that will generate meaningful value and expand the Company’s total available market.”
A technical chart for Flextronics International shows shares mostly staying above a $16 support level:
Top Value Stocks To Invest In 2019: Matador Resources Company(MTDR)
- [By Ethan Ryder]
Matador Resources (NYSE: MTDR) and SandRidge Mississippian Trust II (NYSE:SDR) are both oils/energy companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, analyst recommendations, institutional ownership, valuation, dividends, earnings and profitability.
- [By Ethan Ryder]
Matador Resources Co (NYSE:MTDR) – Stock analysts at Imperial Capital raised their Q3 2018 earnings per share (EPS) estimates for Matador Resources in a report issued on Thursday, October 4th. Imperial Capital analyst I. Haas now anticipates that the energy company will post earnings of $0.43 per share for the quarter, up from their prior forecast of $0.41. Imperial Capital currently has a “Outperform” rating and a $45.00 price objective on the stock. Imperial Capital also issued estimates for Matador Resources’ Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.63 EPS, Q1 2019 earnings at $0.41 EPS, Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.60 EPS and FY2019 earnings at $1.96 EPS.
- [By Joseph Griffin]
Matador Resources Co (NYSE:MTDR) – SunTrust Banks increased their Q3 2018 earnings per share estimates for shares of Matador Resources in a report issued on Monday, September 24th. SunTrust Banks analyst N. Dingmann now forecasts that the energy company will post earnings of $0.35 per share for the quarter, up from their previous forecast of $0.34. SunTrust Banks has a “Hold” rating and a $35.00 price target on the stock. SunTrust Banks also issued estimates for Matador Resources’ Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.47 EPS, FY2019 earnings at $1.67 EPS and FY2020 earnings at $2.13 EPS.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Matador Resources (MTDR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Several institutional investors and hedge funds have recently made changes to their positions in MTDR. Rehmann Capital Advisory Group raised its position in shares of Matador Resources by 1,042.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,863 shares of the energy company’s stock valued at $29,000 after purchasing an additional 1,700 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Matador Resources by 64.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,550 shares of the energy company’s stock valued at $40,000 after purchasing an additional 1,000 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Matador Resources by 1,453.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 634,633 shares of the energy company’s stock valued at $41,000 after purchasing an additional 593,768 shares in the last quarter. NumerixS Investment Technologies Inc raised its position in shares of Matador Resources by 89.4% in the 4th quarter. NumerixS Investment Technologies Inc now owns 8,002 shares of the energy company’s stock valued at $124,000 after purchasing an additional 3,777 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new position in shares of Matador Resources in the 4th quarter valued at approximately $152,000. 88.12% of the stock is currently owned by institutional investors.
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About Matador Resources (NYSE:MT
Top Value Stocks To Invest In 2019: SunTrust Banks, Inc.(STI)
- [By Matthew Frankel, CFP]
In the largest banking merger since the end of the financial crisis, Southeastern-based regional banks BB&T (NYSE:BBT) and SunTrust Banks (NYSE:STI) have announced their intention to combine forces later this year.
- [By Garrett Baldwin]
This week, Federal Reserve Chair Jerome Powell will testify on monetary policy before the House Financial Services Committee. Powell will likely face stiff questions from Democrats on the Fed’s decision to not raise interest rates during its first meeting of the year, the state of the U.S. economy, and the announced merger between BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI). Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business Network last week to discuss the Fed’s latest stress tests and the merger that will create the sixth largest bank in the United States. Across the Atlantic Ocean, the rhetoric is heating up over Brexit. With a deadline approaching, Prime Minister Theresa May has taken a shot at Labour leader Jeremy Corbyn over his demands for a soft exit. Corbyn set five elements that must be included in a deal for his party to support it, including a customs union with the EU, alignment with the EU’s single market, EU environmental protections, and EU-specific workers’ rights. May criticized Corbyn’s demands given that they effectively would prevent Britain from striking its own trade deals in the future. Britain is very unprepared for a departure from the EU at the moment. New reports indicate that British mobile subscribers may face roaming charges should no deal be reached in the coming weeks.
Money Morning Insight of the Day
According to Bloomberg’s latest report, America could be heading for an economic disaster that would rival the Great Recession.
- [By Garrett Baldwin]
Earnings season is well underway. And if you’re looking to make real money, the time to get started is now. Money Morning Quantitative Specialist Chris Johnson argues the markets are at a tipping point. And with just a few smart plays in today’s classic stock picker’s market… you can pull in triple-digit gains with just a small investment. Read those picks right here.
The Top Stock Market Stories for Friday
General Electric Co. (NYSE: GE) leads the earnings calendar as reporting for the second quarter moves into full swing. The Boston-based conglomerate is expected to report earnings per share (EPS) of $0.18 on top of $29.76 billion in revenue. Former Dallas Federal Reserve Bank Vice President Jerry O’Driscoll offered some choice words for the U.S. central bank. In an interview with CNBC, O’Driscoll warned that the Fed is being “very aggressive” with interest rate policy in 2018. He warned the central bank is ignoring important factors like a rising dollar and the flattening yield curve. The former bank executive argued that he doesn’t see the case for additional rate hikes in the year ahead. This is one reason why investors should protect themselves from any downside caused by the Fed. According to The Wall Street Journal, three top cybersecurity officials are departing their positions at the FBI. The departures are planned due to their ongoing concerns about cybersecurity attacks from abroad and disagreements with the Trump administration.
Three Stocks to Watch Today: MSFT, SKX, SNA
Shares of Microsoft Corp. (Nasdaq: MSFT) popped more than 3.2% after the cloud computing and software giant topped earnings expectations after the bell Thursday. The company topped $100 billion for its fiscal 2018. This is the first time that it has ever reached this revenue level for a year. The firm reported EPS of $1.13, topping Wall Street estimates by $0.05. The firm reported revenue of $30.09 billion, besting expectations of $29.21 billion. Shares of Snap-on
Top Value Stocks To Invest In 2019: Cambrex Corporation(CBM)
- [By Brian Feroldi]
In response to reporting of fourth-quarter and full-year quarterly results, shares of Cambrex Corporation (NYSE:CBM), a supplier to the life sciences industry, fell 11% as of 11:10 a.m. EST on Wednesday.
- [By Logan Wallace]
Shares of Cambrex Co. (NYSE:CBM) have earned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $60.00.
- [By Money Morning Staff Reports]
Cambrex Corp. (NYSE: CBM) was founded in 1981 and is a leading supplier of generic active pharmaceutical ingredients (APIs).
Cambrex has more than 100 generic APIs, and 90 of them are commercially sold.
- [By Motley Fool Transcribers]
Cambrex Corp (NYSE:CBM)Q4 2018 Earnings Conference CallFeb. 13, 2019, 8:30 a.m. ET
Prepared Remarks Questions and Answers Call Participants