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Earnings
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Reports FY20 revenue… Reports FY20 revenue $72.6M, two estimates $76.25M. CEO Rick McTaggert says: "In 2020 we increased total revenue by 6% to a record $72.6 million, generated net income of $8.6 million and paid $5.1 million in dividends - all despite the unprecedented challenges caused by the global pandemic. Our services segment, led by our PERC Water subsidiary, performed well during economic weakness in its marketplace. We expect PERC's strong performance, including the expansion of its recurring revenue stream from operating and maintenance contracts, to continue in 2021. We are currently in discussions with existing and potential clients in California that are seeking cost-effective solutions to their wastewater treatment and potable water challenges. We believe that the pandemic has adversely effected the finances of many communities across our service areas and they are increasingly looking for innovative public-private partnership arrangements to address their water challenges. PERC's excellent reputation and strong track record of successfully delivering projects through a wide range of project delivery models, including public-private partnerships, is very attractive to resource-conscious municipalities and private operators. We believe conditions in the design-build market are also improving and that project activity will increase significantly in 2021, which should prove quite positive for our PERC business. PERC's potential clients include golf clubs in California that are seeking to replace expensive potable water with sustainable reclaimed wastewater for irrigating landscaping and courses. We believe that PERC's award-winning water reuse plant designs provide a competitive advantage in this niche market." ShowHide Related Items >><< - 07/07/20 Janney Montgomery Scott
- Janney cuts Consolidated Water to Neutral after Rosarito project resistance
- 07/07/20 Janney Montgomery Scott
- Consolidated Water downgraded to Neutral from Buy at Janney Montgomery Scott
- 11/16/20
- Consolidated Water reports Q3 EPS 12c, two estimates 15c
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Initiation
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Catch up on today's… Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Zoom Video (ZM) initiated with a Sell at Daiwa. 2. Lithium Americas (LAC) initiated with a Buy at B. Riley Securities. 3. Xylem (XYL) initiated with an Overweight at Morgan Stanley. 4. Badger Meter (BMI) initiated with an Underweight at Morgan Stanley. 5. Bumble (BMBL) initiated with a Hold at Loop Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here. ShowHide Related Items >><< - 03/25/21
- Zoom Video becomes official partner of Formula 1
- 03/24/21
- Zoom debuts new SDK enabling developers to leverage Zoom video services
- 03/18/21
- Zoom Video director sells 7.7K shares of common stock
- 03/18/21
- Zoom Video announces expansion of Master Agent Referral Partner Program
- 02/04/21
- Xylem raises quarterly dividend 8% to 28c per share
- 01/27/21
- Lithium Americas falls -10.9%
- 01/20/21
- Lithium Americas falls -17.8%
- 01/20/21
- Lithium Americas falls -13.9%
- 01/20/21
- Lithium Americas falls -14.9%
- 01/08/21
- Badger Meter acquires Analytical Technology for $44M
- 11/03/20
- Badger Meter buys Austria' s s::can for EUR 27M
- 03/31/21 Daiwa
- Daiwa starts Zoom Video with Sell on risk from fading Covid tailwinds
- 03/30/21 Daiwa
- Zoom Video initiated with a Sell at Daiwa
- 03/26/21
- Fly Intel: Top five analyst initiations
- 03/26/21 Deutsche Bank
- Deutsche starts Zoom Video at Hold on second half churn risk
- 03/31/21 B. Riley
- B. Riley starts Lithium Americas at Buy, sees 79% potential upside
- 03/31/21 B. Riley
- Lithium Americas initiated with a Buy at B. Riley Securities
- 03/10/21
- Fly Intel: Top five analyst initiations
- 03/10/21 Cowen
- Lithium Americas initiated with a Market Perform at Cowen
- 03/31/21 Morgan Stanley
- Xylem initiated with an Overweight at Morgan Stanley
- 02/05/21 Citi
- Xylem price target lowered to $109 from $113 at Citi
- 01/08/21 Raymond James
- Xylem downgraded to Market Perform after 'epic 2020' at Raymond James
- 01/08/21 Cowen
- Xylem recovery and margin pressure, Cowen downgrades to Market Perform
- 03/31/21 Morgan Stanley
- Badger Meter initiated with an Underweight at Morgan Stanley
- 06/30/20 Argus
- Badger Meter initiated with a Buy at Argus
- 06/30/20 Argus
- Badger Meter initiated with a Buy at Argus
- 04/08/20 Maxim
- NV5 Global, ABM Industries, Badger Meter cut to Hold at Maxim
- 03/31/21 Loop Capital
- Bumble initiated with a Hold at Loop Capital
- 03/30/21 Loop Capital
- Bumble initiated with a Hold at Loop Capital
- 03/11/21 Jefferies
- Bumble price target raised to $82 from $80 at Jefferies
- 03/11/21 Stifel
- Bumble price target raised to $78 from $75 at Stifel
- 03/01/21
- Zoom Video sees FY22 EPS $3.59-$3.65, consensus $2.96
- 03/01/21
- Zoom Video sees Q1 EPS 95c-97c, consensus 72c
- 03/01/21
- Zoom Video reports Q4 EPS $1.22, consensus 79c
- 03/01/21
- Notable companies reporting after market close
- 02/04/21
- Xylem sees FY21 adjusted EPS $2.35-$2.60, consensus $2.65
- 02/04/21
- Xylem sees FY21 adjusted EPS $2.35-$2.60, consensus $2.65
- 02/04/21
- Xylem reports Q4 adjusted EPS 81c, consensus 68c
- 10/29/20
- Xylem sees Q4 organic revenue down 6%-8%, consensus $1.29B
- 01/29/21
- Badger Meter reports Q4 EPS 45c, consensus 43c
- 10/16/20
- Badger Meter reports Q3 EPS 51c, consensus 38c
- 03/10/21
- Bumble sees FY21 revenue $716M-$726M
- 03/10/21
- Bumble sees Q1 revenue $163M-$165M
- 03/10/21
- Bumble reports Q4 revenue $165.61M vs. $126.3M last year.
- 03/10/21
- Notable companies reporting after market close
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Initiation
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Morgan Stanley analyst… Morgan Stanley analyst Connor Lynagh initiated coverage of Graco with an Equal Weight rating and $75 price target as he launched coverage on the Industrial Equipment and Technology group with an In-Line industry view with a preference for companies with a "more significant top-line tailwind," either from reopening, underlying cyclicality, or both. He views Graco as "a high quality, relatively diversified company," but has some longer-term concerns about when its Contractor business might normalize to lower levels, Lynagh tells investors. ShowHide Related Items >><< - 02/16/21
- Graco announces Mark Sheahan appointed CEO effective June 10
- 12/04/20
- Graco raises quarterly dividend 7.1% to 18.75c per share
- 10/21/20
- Graco says challenging demand to continue for 'at least remainder of year'
- 01/27/21 RBC Capital
- Graco price target raised to $84 from $78 at RBC Capital
- 01/26/21 DA Davidson
- Graco price target raised to $70 from $57 at DA Davidson
- 01/19/21 Jefferies
- Graco upgraded to Buy from Hold at Jefferies
- 10/23/20 RBC Capital
- Graco price target raised to $72 from $65 at RBC Capital
- 01/25/21
- Graco reports Q4 adjusted EPS 61c, consensus 51c
- 10/21/20
- Graco reports Q3 EPS 66c, consensus 42c
- 01/25/21
- Fly Intel: After-Hours Movers
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Initiation
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Morgan Stanley analyst… Morgan Stanley analyst Connor Lynagh initiated coverage of Badger Meter with an Underweight rating and $95 price target as he launched coverage on the Industrial Equipment and Technology group with an In-Line industry view with a preference for companies with a "more significant top-line tailwind," either from reopening, underlying cyclicality, or both. For Badger, its U.S. water metering business is capitalized at a multiple that he thinks discounts "a scenario far above BMI's realistic growth potential," the analyst tells investors. ShowHide Related Items >><< - 01/08/21
- Badger Meter acquires Analytical Technology for $44M
- 11/03/20
- Badger Meter buys Austria' s s::can for EUR 27M
- 06/30/20 Argus
- Badger Meter initiated with a Buy at Argus
- 06/30/20 Argus
- Badger Meter initiated with a Buy at Argus
- 04/08/20 Maxim
- NV5 Global, ABM Industries, Badger Meter cut to Hold at Maxim
- 04/08/20 Maxim
- Badger Meter downgraded to Hold from Buy at Maxim
- 01/29/21
- Badger Meter reports Q4 EPS 45c, consensus 43c
- 10/16/20
- Badger Meter reports Q3 EPS 51c, consensus 38c
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Periodicals
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British engineering firm… British engineering firm Renishaw (RNSHF), which is exploring a sale, has attracted initial interest from Danaher (DHR) and Hexagon AB (HXGBY), Aaron Kirchfeld and Dinesh Nair of Bloomberg report, citing people familiar with the matter. Danaher is considering teaming up with Fortive (FTV) to bid for Renishaw and then split up the business, sources told Bloomberg. Renishaw may also approach rivals such as Ametek (AME), Mettler-Toledo (MTD), Japan's Keyence (KYCCF) and France's Schneider Electric (SBGSY), the sources added. A small number of private equity firms have separately shown interest, the people told Bloomberg. ShowHide Related Items >><< - 12/14/20
- STMicroelectronics partners with Schneider Electric on carbon neutrality
- $1,142.00 /
+29.775 (+2.68%) - 03/24/21
- Mettler-Toledo acquires PendoTECH
- 12/15/20
- Mettler-Toledo CEO Olivier Filliol to step down, Patrick Kaltenbach to succeed
- 11/05/20
- Mettler-Toledo announces additional $2.5B share repurchase program
- 11/13/20
- Third Point takes stake in PG&E, boosts Alibaba stake, exits Baxter
- 10/09/20
- Vontier completes separation from Fortive
- 10/09/20
- Vontier to replace Noble Energy in S&P 500 at open on 10/9
- 03/23/21
- Beckman Coulter receives Emergency Use Authorization for antibody test
- 03/11/21
- Danaher not seeing decline in Covid testing business
- 03/02/21
- Director of Danaher Mitchell Rales purchases $1.4M in shares
- 01/13/21
- Danaher expects Q4 revenue up approx. 38.5% y-o-y, consensus $6.44B
- 03/22/21
- Ametek to acquire Abaco Systems from Veritas Capital for $1.35B in cash
- 02/11/21
- Ametek appoints Karleen Oberton to board
- 02/11/21
- Ametek increases quarterly dividend 11% to 20c per share
- 03/18/21 KeyBanc
- Thermo Fisher upgraded to Overweight at KeyBanc after Sartorius guidance
- 03/02/21 Barclays
- Danaher started at Overweight at Barclays on GE biopharma business potential
- 03/02/21 Barclays
- Danaher initiated with an Overweight at Barclays
- 01/06/21 Cowen
- Danaher named a top diversified pick at Cowen
- 03/04/21 Berenberg
- Renishaw price target raised to 6,600 GBp from 6,200 GBp at Berenberg
- 02/05/21 Berenberg
- Renishaw price target raised to 6,600 GBp from 6,200 GBp at Berenberg
- 02/05/21 Barclays
- Renishaw price target raised to 5,185 GBp from 4,350 GBp at Barclays
- 02/05/21 Morgan Stanley
- Renishaw price target raised to 5,100 GBp from 4,900 GBp at Morgan Stanley
- 01/15/21 Deutsche Bank
- Hexagon AB price target raised to SEK 750 from SEK 640 at Deutsche Bank
- 01/13/21 JPMorgan
- Hexagon AB price target raised to SEK 700 from SEK 640 at JPMorgan
- 12/10/20 Morgan Stanley
- Hexagon AB price target raised to SEK 580 from SEK 540 at Morgan Stanley
- 11/30/20 Deutsche Bank
- Hexagon AB price target raised to SEK 640 from SEK 540 at Deutsche Bank
- 02/17/21
- Fly Intel: Top five analyst downgrades
- 02/17/21 Morgan Stanley
- Fortive downgraded to Equal Weight at Morgan Stanley after re-rating
- 02/17/21 Morgan Stanley
- Fortive downgraded to Equal Weight from Overweight at Morgan Stanley
- 02/05/21 Citi
- Fortive price target raised to $85 from $83 at Citi
- 11/13/20 KeyBanc
- Ametek price target raised to $130 from $118 at KeyBanc
- 08/05/20 Wells Fargo
- Ametek price target raised to $115 from $110 at Wells Fargo
- 07/13/20 Morgan Stanley
- Illinois Tool Works downgraded to Underweight at Morgan Stanley
- 06/12/20 Oppenheimer
- Oppenheimer downgrades Ametek to Perform with end markets softening
- $1,142.00 /
+29.775 (+2.68%) - 02/05/21 Wells Fargo
- Mettler-Toledo price target raised to $1,300 from $1,100 at Wells Fargo
- 01/04/21
- Fly Intel: Top five analyst upgrades
- 01/04/21
- Mettler-Toledo upgraded to In Line at Evercore ISI given strong rebound history
- 01/04/21 Evercore ISI
- Mettler-Toledo upgraded to In Line from Underperform at Evercore ISI
- 10/21/20 Goldman Sachs
- Keyence downgraded to Buy from Conviction Buy at Goldman Sachs
- 03/31/20 Goldman Sachs
- Keyence upgraded to Conviction Buy from Buy at Goldman Sachs
- 03/18/21 Barclays
- Schneider Electric price target raised to EUR 145 from EUR 135 at Barclays
- 02/22/21 UBS
- Schneider Electric price target raised to EUR 143 from EUR 140.50 at UBS
- 02/12/21 Morgan Stanley
- Schneider price target raised to EUR 117 from EUR 104 at Morgan Stanley
- 02/12/21 Berenberg
- Schneider Electric price target raised to EUR 145 from EUR 127 at Berenberg
- $1,142.00 /
+29.775 (+2.68%) - 02/04/21
- Mettler-Toledo sees Q1 adjusted EPS $5.55-$5.70, consensus $5.14
- 02/04/21
- Mettler-Toledo raises FY21 adjusted EPS view to $29.20-$29.80 from $27.50-$28.30
- 02/04/21
- Mettler-Toledo reports Q4 adjusted EPS $9.26, consensus $8.72
- 11/05/20
- Mettler-Toledo sees FY21 adjusted EPS $27.50-$28.30, consensus $26.28
- 02/04/21
- Fortive sees FY21 adjusted EPS $2.40-$2.55, consensus $2.42
- 02/04/21
- Fortive sees Q1 adjusted EPS 56c-60c, consensus 55c
- 02/04/21
- Fortive reports Q4 adjusted EPS 70c, consensus 62c
- 02/04/21
- Notable companies reporting after market close
- 01/28/21
- Danaher reports Q4 non-GAAP EPS $2.08, consensus $1.87
- 01/27/21
- Notable companies reporting before tomorrow's open
- 10/22/20
- Danaher reports Q3 adj. EPS 1.72, consensus $1.36
- 02/04/21
- Ametek sees FY21 adjusted EPS $4.18-$4.30, consensus $4.26
- 02/04/21
- Ametek sees Q1 adjusted EPS 97c-$1.02, consensus $1.02
- 02/04/21
- Ametek reports Q4 adjusted EPS $1.08, consensus $1.03
- 10/29/20
- Ametek sees Q4 adj. EPS $1.00-$1.04, consensus 98c
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