x min read

Stock Runners: Altria Group Inc. (NYSE:MO), Bankrate, Inc. (NYSE:RATE), The Carlyle Group LP (NASDAQ:CG), Stoneridge Inc. (NYSE:SRI)

Stock Runners: Altria Group Inc. (NYSE:MO), Bankrate, Inc. (NYSE:RATE), The Carlyle Group LP (NASDAQ:CG), Stoneridge Inc. (NYSE:SRI)
Written by
Charles Donlon
Published on
October 13, 2014
Copy URL
Share on LinkedIn
Share on Reddit
Share on Twitter/X
Share on Facebook
InsidrFinancial

Altria Group (NYSE:MO) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.01. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Altria Group will post $2.57 EPS for the current fiscal year. Altria Group Inc. (NYSE:MO) in last trading activity moved up 0.75% to close at $46.72. Company weekly performance is 1.15% while its quarterly performance stands at 9.06%. Altria Group Inc. (NYSE:MO) is -0.81% away from its 52 week high.Shares of Bankrate Inc. (NYSE:RATE) have been given an average rating of “Hold” by the nine brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. On last trading day Bankrate, Inc. (NYSE:RATE) decreased -11.20% to close at $9.75. Its volatility for the week is 5.51% while volatility for the month is 4.90%. RATE's sales growth for past 5 years was 22.30% and its EPS growth for past 5 years was -20.10%. Bankrate, Inc. (NYSE:RATE) monthly performance is -29.35%.Bank of America Corp (BAC.N) has clinched a deal to provide inventory and working capital financing to the biggest oil refinery on the East Coast, replacing JPMorgan Chase & Co (JPM.N) with a revamped arrangement that excludes physical supplies, according to a source familiar with the deal. The agreement with Philadelphia Energy Solutions (PES), sealed on Tuesday, will give Bank of America’s commodities business one of the biggest such financing arrangements in the country, but excludes the physical oil trading and logistics operations that were part of the JPMorgan pact, the source said. PES, a joint venture of Carlyle Group LP (NASDAQ:CG) and Sunoco Inc [SUNO.UL], had been seeking greater logistical flexibility that would allow it to take more control over its crude supply and product sales with a financier that would not compete in the trading space. On last trading day The Carlyle Group LP (NASDAQ:CG) decreased -1.37% to close at $28.11. Its volatility for the week is 3.51% while volatility for the month is 3.21%. CG's EPS growth for past 5 years was 16.00%. The Carlyle Group LP (NASDAQ:CG) monthly performance is -11.96%.Stoneridge Inc. (NYSE:SRI) CEO John C. Corey sold 100,000 shares of the stock on the open market in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $12.60, for a total value of $1,260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 661,938 shares in the company, valued at approximately $8,340,419. Stoneridge Inc. (NYSE:SRI) has 2.60% insider ownership while its institutional ownership stands at 84.50%. In last trading activity company's stock closed at $10.89.Ford Motor Company (NYSE:F) expects that by 2020, its annual global sales will increase by 45 to 55 per cent to approximately 9.4 million. The figure stems from Ford’s 2020 Vision, which fulcrum are improved operating margin, more balanced geographic profitability, and strong sales growth, said a statement by the company. Ford continues aggressive implementation of its One Ford plan, remaining focused on product excellence and innovation for its customers. Ford Motor Company (NYSE:F) in last trading activity fell -0.36% to close at $13.79. Company weekly performance is -5.48% while its quarterly performance stands at -21.42%. Ford Motor Company (NYSE:F) is -23.90% away from its 52 week high.

Discover Hidden Gems

Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.