J & J Snack Foods participates in a conference call with William Blair » 11:2508/0408/04/20
Consumer Products Analyst…
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ABM announces availability of EnhancedClean program nationwide » 09:0108/0408/04/20
ABM announced that its…
LCI Industries reports Q2 adj. EPS 54c vs. $1.89 last year » 07:0408/0408/04/20
Reports Q2 revenue…
Reports Q2 revenue $525.77M, consensus $421.45M. "Our teams showed tremendous execution during the second quarter. Amidst a very difficult operating environment, we captured accelerated demand for RV and marine products, as well as strength in the aftermarket. In a span of less than two months, we were able to go from a near total shutdown in April to a record sales month in June. This could not have happened without the focus and speed to react by our leaders and team members. Despite top-line impact caused by production shutdowns in response to the COVID pandemic, we made substantial progress on driving operational efficiencies in an effort to mitigate any long-term impact to the business as a result of the pandemic, highlighting the effectiveness of the cost management initiatives we put into place at the beginning of the quarter," commented Jason Lippert, LCI Industries' president and CEO.
Denny's management to meet virtually with Oppenheimer » 04:5508/0408/04/20
Virtual Meeting to be…
J & J Snack Foods participates in a conference call with William Blair » 04:5508/0408/04/20
Consumer Products Analyst…
Consumer Products Analyst Andersen holds a conference call with management on August 4 at 12:15 pm hosted by William Blair.
FBI reports 3.64M NICS firearm background checks in July » 14:0608/0308/03/20
RGR, SWBI, VSTO
The FBI reported that…
The FBI reported that there were 3,639,224 firearm background checks initiated through the NICS system in July 2020. This compares to 2,030,661 checks in July of 2019 and 3,931,607 checks in June 2020. Companies in the firearm space include Sturm, Ruger (RGR), Smith & Wesson Brands (SWBI), and Vista Outdoor (VSTO). Reference Link
Minerals Technologies upgraded to Overweight on valuation at JPMorgan » 08:5008/0308/03/20
JPMorgan analyst Jeffrey…
JPMorgan analyst Jeffrey Zekauskas upgraded Minerals Technologies to Overweight from Neutral with an unchanged price target of $52. Minerals' average share price over the past year is $49, its average share price in 2019 was $55, and over the past five years its share price averaged $61, Zekauskas tells investors in a research note. The analyst cites valuation for the upgrade with the current share price just below $47. Assuming that Minerals' businesses recover to their 2019 levels in 2022,,the stock should approach a share price level near its 2019 average, or better, says Zekauskas. He does not believe the company suffered structural damages to its business model from the recessionary conditions of 2020.
Entegris price target raised to $81 from $63 at Loop Capital » 08:1808/0308/03/20
Loop Capital analyst…
Loop Capital analyst Chris Kapsch raised the firm's price target on Entegris to $81 from $63 and keeps a Buy rating on the shares. The analyst is citing the findings of his NDR meetings with the company's management, stating that he expects Entegris to be a "primary beneficiary" of the ongoing secular demand drivers of IC device growth, along with the "ever-increasing" materials and purification-intensity of manufacturing those semiconductor chips at advanced technology node.
Entegris launches joint research laboratory with SIMTech » 08:1008/0308/03/20
Entegris announced that…
Entegris announced that it is launching a joint research laboratory with the Agency for Science, Technology and Research's, or A*STAR, Singapore Institute of Manufacturing Technology, or SIMTech. The laboratory will serve as a technology center where Entegris will explore capabilities for developing new products using 3D printing technologies with modeling and simulation. The research collaboration also includes cooperative efforts with several global technology companies and research consortia. These collaborations will enable Entegris to explore the use of novel materials with Hitachi Metals' characterization techniques with professional testing services; traceable measurement methods and reference standards with A*STAR's National Metrology Centre and next generation modeling and simulation capabilities with Ansys, ESSS North America, and CAD-IT Consultants. By working with SIMTech, Entegris will have the opportunity to investigate with the participants in the research laboratory emerging market opportunities to support 3D printing technologies. The company will utilize its advanced materials science expertise to research the characterization of metal powders and redesign of novel metal-based products through 3D printing. Such research could identify ways to overcome the current design constraints in traditional manufacturing and lead to discoveries in 3D printing that benefit a wide range of industries in addition to the semiconductor industry, including the aerospace, medical and energy industries.
Snap-On price target raised to $150 from $140 at Oppenheimer » 07:4508/0308/03/20
Oppenheimer analyst Christopher Glynn raised the firm's price target on Snap-On to $150 from $140 following quarterly results and SOT momentum rebuilding. The analyst keeps an Outperform rating on the shares.