Tuesday, March 31, 2015

Synnex (SNX) Stock Is Down in After-Hours Trading Today on Earnings Miss

NEW YORK (TheStreet) -- Shares of Synnex were falling 3.3% to $74.70 after-hours Tuesday after the IT supply chain services company missed analysts' estimates for earnings and revenue in the fiscal first quarter. Synnex reported earnings of $1.46 a share for the first quarter, below analysts' estimates of $1.52 a share. Revenue grew 5.8% year over year to $3.2 billion in the first quarter, below analysts' estimates of $3.42 billion. The company said that Technology Solutions revenue fell 1.3% organically from the year-ago quarter to $2.9 billion. Concentrix revenue grew to $341.8 million from $127 million in the year-ago quarter due to the acquisition of IBM's CRM business. Looking to the second quarter Synnex expects to report earnings of $1.50 to $1.56 a share and revenue in a range of $3.375 billion to $3.475 billion. Analysts expect the company to report earnings of $1.59 a share and revenue of $3.57 billion for the second quarter. TheStreet Ratings team rates SYNNEX CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation: "We rate SYNNEX CORP (SNX) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins." You can view the full analysis from the report here: SNX Ratings Report SNX data by YCharts Must Read: Warren Buffett's Top 25 Stocks for 2015


Click to view a price quote on SNX. Click to research the Diversified Services industry.





from Latest TSC Headlines http://ift.tt/1NB2jzp

SandRidge (SD) Energy Stock Plunging Today as Oil Sinks

NEW YORK (TheStreet) -- Shares of SandRidge Energy Inc. are down by 2.46% to $1.78 in late afternoon trading on Tuesday, as some stocks in the energy sector take a hit due to the declining price of oil. Crude oil (WTI) is falling by 2.55% to $47.44 per barrel and Brent crude is slipping by 2.38% to $54.95 per barrel this afternoon, according to the index provided by CNBC.com Oil prices are being driven into the red today as Iran and six world powers are meeting in Switzerland to discuss a frame line agreement on the country's nuclear program. Iran, the U.S., China, Britain, Russia, Germany, and France began talks on Monday, giving themselves until the end of the day Tuesday to come up with a deal. This afternoon the State Department announced that the meeting will continue into Wednesday. "We've made enough progress in the last days to merit staying until Wednesday. There are several difficult issues still remaining," State Department spokesperson Marie Harf said, CNN reports. The rate at which Western sanctions are being lifted on Iran is a hurdle that could scrap a deal, Reuters reported earlier today, adding that Russia's Foreign Minister Sergei Lavrov told reporters in Moscow that he feels the talks have a good chance of success. If Western sanctions are lifted Iran could extend its oil exports. "If the flood gates to Iranian crude open, (prices) will probably test this year's lows again," Phillip Futures analyst Daniel Ang told Reuters. If sanctions are lifted Iran could increase oil production by close to 500,000 barrels per day within six months and by another 700,000 bpd within another year, Reuters said.Insight from TheStreet's Research Team: SandRidge Energy is a core holding of David Peltier's Stocks Under $10 Portfolio. During the most recent weekly roundup, this is what Dave had to say about the stock: The company explores for natural gas and oil in the U.S., primarily onshore. The stock added nearly 9% to recent gains this week, along with underlying energy prices. -David Peltier Stocks Under $10 'Weekly Round Up' Originally Published on 3/27/2015. Want more like this from David Peltier BEFORE your stock moves? Learn more about Stocks Under $10 Now! SD data by YCharts Must Read: Warren Buffett's Top 25 Stocks for 2015


Click to view a price quote on SD. Click to research the Energy industry.





from Latest TSC Headlines http://ift.tt/1NB2lre

U.S. Steel (X) Stock Is Down Today on Plans To Idle Minnesota Plant

NEW YORK (TheStreet) -- Shares of U.S. Steel were falling 4.3% to $24.35 Tuesday after the steel producer announced it will idle its Minntac plant in Mt. Iron, Minn. U.S. Steel said it will idle the plant on June 1 due to the company's current inventory levels, and the ongoing adjustment of its steelmaking operations in North America. The company said it will continue operating Minntac in a reduced capacity in order to meet customer demand. The steelmaker did not say how many workers will be impacted by the idling, saying the number will be determined by operational and maintenance needs. Earlier Tuesday J.P. Morgan Chase issued a bearish note about metals and mining companies, including U.S. Steel. Analyst Michael Gambardella said the firm is "not looking for a material increase in steel prices, as we think imports will remain elevated and scrap prices depressed." TheStreet Ratings team rates UNITED STATES STEEL CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate UNITED STATES STEEL CORP (X) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins." Highlights from the analysis by TheStreet Ratings Team goes as follows: The net income growth from the same quarter one year ago has significantly exceeded that of the Metals & Mining industry average, but is less than that of the S&P 500. The net income increased by 1.9% when compared to the same quarter one year prior, going from $270.00 million to $275.00 million. Net operating cash flow has significantly increased by 3600.00% to $245.00 million when compared to the same quarter last year. In addition, UNITED STATES STEEL CORP has also vastly surpassed the industry average cash flow growth rate of -45.85%. The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Metals & Mining industry and the overall market on the basis of return on equity, UNITED STATES STEEL CORP has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500. The gross profit margin for UNITED STATES STEEL CORP is currently extremely low, coming in at 14.73%. Regardless of X's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 6.75% trails the industry average. X has underperformed the S&P 500 Index, declining 8.95% from its price level of one year ago. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry. You can view the full analysis from the report here: \X Ratings Report Must Read: Warren Buffett's Top 25 Stocks for 2015


Click to view a price quote on X. Click to research the Metals & Mining industry.





from Latest TSC Headlines http://ift.tt/1bNV0IW

Kinross Gold (KGC) Stock Tumbling Today on Weak Gold Prices

NEW YORK (TheStreet) -- Shares of Kinross Gold Corp. are down by 2.40% to $2.23 in late afternoon trading on Tuesday, as falling gold prices pushed some mining and related stocks lower today. Gold for June delivery is slipping by 0.19% to $1,183 per ounce on the COMEX this afternoon. The price of the precious metal is declining as a result of stronger dollar. The greenback is up by 0.28% according to the Wall Street Journal dollar index. "We will see a short week with the Easter holiday looming and apart from some short covering ahead of the holidays, I see no real reason for a rally. The dollar will continue to remain the main driver for precious for the time being, so this is the one to watch," David Govett of Marex Spectron told MarketWatch. Separately, TheStreet Ratings team rates KINROSS GOLD CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: "We rate KINROSS GOLD CORP (KGC) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself." Highlights from the analysis by TheStreet Ratings Team goes as follows: The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed against the S&P 500 and did not exceed that of the Metals & Mining industry. The net income has significantly decreased by 66.4% when compared to the same quarter one year ago, falling from -$742.10 million to -$1,235.10 million. Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 44.48%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 98.46% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now. Net operating cash flow has declined marginally to $176.30 million or 3.97% when compared to the same quarter last year. Despite a decrease in cash flow KINROSS GOLD CORP is still fairing well by exceeding its industry average cash flow growth rate of -45.85%. The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Metals & Mining industry and the overall market, KINROSS GOLD CORP's return on equity significantly trails that of both the industry average and the S&P 500. Regardless of the drop in revenue, the company managed to outperform against the industry average of 18.7%. Since the same quarter one year prior, revenues slightly dropped by 9.8%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share. You can view the full analysis from the report here: KGC Ratings Report Must Read: Warren Buffett's Top 25 Stocks for 2015


Click to view a price quote on KGC. Click to research the Metals & Mining industry.





from Latest TSC Headlines http://ift.tt/1NF8cO2

Barrick Gold (ABX) Stock Sliding Today on Lower Gold Prices

NEW YORK (TheStreet) -- Shares of Barrick Gold Corp. are down by 1.89% to $10.93 in mid-afternoon trading on Tuesday, as some mining stocks retreat today due to the decline in the price of gold. Gold for June delivery is slipping by 0.23% to $1,182.60 per ounce on the COMEX this afternoon. The precious metal is in the red today as a result of a stronger dollar, up by 0.29% this afternoon on the Wall Street Journal dollar index. "We will see a short week with the Easter holiday looming and apart from some short covering ahead of the holidays, I see no real reason for a rally. The dollar will continue to remain the main driver for precious for the time being, so this is the one to watch," David Govett of Marex Spectron told MarketWatch. Separately, TheStreet Ratings team rates BARRICK GOLD CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: "We rate BARRICK GOLD CORP (ABX) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk." Highlights from the analysis by TheStreet Ratings Team goes as follows: Net operating cash flow has significantly decreased to $371.00 million or 63.48% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower. The debt-to-equity ratio of 1.28 is relatively high when compared with the industry average, suggesting a need for better debt level management. Even though the debt-to-equity ratio is weak, ABX's quick ratio is somewhat strong at 1.30, demonstrating the ability to handle short-term liquidity needs. ABX's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 36.86%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now. The change in net income from the same quarter one year ago has significantly exceeded that of the Metals & Mining industry average, but is less than that of the S&P 500. The net income has decreased by 0.7% when compared to the same quarter one year ago, dropping from -$2,830.00 million to -$2,851.00 million. The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Metals & Mining industry and the overall market, BARRICK GOLD CORP's return on equity significantly trails that of both the industry average and the S&P 500. You can view the full analysis from the report here: ABX Ratings Report Must Read: Warren Buffett's Top 25 Stocks for 2015


Click to view a price quote on ABX. Click to research the Metals & Mining industry.





from Latest TSC Headlines http://ift.tt/19yOAfq

American Airlines (AAL) Stock Falling Today on Seat Surplus Concerns

NEW YORK (TheStreet) -- Shares of American Airlines Group Inc. are down by 1.64% to $52.76 in early afternoon trading on Tuesday, as the airline sector slumps today due to concerns that carriers are offering too many seats, chiseling away at one of the industry's most closely watched sales measurements, Bloomberg reports. In the first quarter revenue from each seat flown a mile declined and analysts believe it will likely continue to do so in the coming three months. "It's really easy for investors to extrapolate a little bit of negative through the whole year. Investors are hoping for a little capacity discipline and maybe some cutback in flight schedules. Things like that help shore up the revenue environment," Andrew Meister, an analyst with Thrivent Financials for Lutherans told Bloomberg. U.S. airline stocks were off to their worst start since 2011 this morning. When the market opened today 10 of 11 carriers were slipping, its slowest period to open since an 8.7% decline in 2011, Bloomberg added. The weakness in airline revenue "is viewed as a harbinger of things to come," Meister said."Demand is strong, but it's just not strong enough to keep up with this level of capacity growth," American Airline president Scott Kirby said at the March 3 JPMorgan Chase & Co. transportation conference, according to Bloomberg. Separately, TheStreet Ratings team rates AMERICAN AIRLINES GROUP INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate AMERICAN AIRLINES GROUP INC (AAL) a HOLD. The primary factors that have impacted our rating are mixed-some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins." Highlights from the analysis by TheStreet Ratings Team goes as follows: Compared to other companies in the Airlines industry and the overall market, AMERICAN AIRLINES GROUP INC's return on equity significantly exceeds that of both the industry average and the S&P 500. The revenue growth came in higher than the industry average of 22.4%. Since the same quarter one year prior, revenues rose by 38.5%. Growth in the company's revenue appears to have helped boost the earnings per share. Net operating cash flow has significantly increased by 171.27% to $804.00 million when compared to the same quarter last year. Despite an increase in cash flow of 171.27%, AMERICAN AIRLINES GROUP INC is still growing at a significantly lower rate than the industry average of 1547.73%. The gross profit margin for AMERICAN AIRLINES GROUP INC is currently lower than what is desirable, coming in at 32.26%. Regardless of AAL's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, AAL's net profit margin of 5.87% compares favorably to the industry average. The debt-to-equity ratio is very high at 8.86 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with the unfavorable debt-to-equity ratio, AAL maintains a poor quick ratio of 0.73, which illustrates the inability to avoid short-term cash problems. You can view the full analysis from the report here: AAL Ratings Report Must Read: Warren Buffett's Top 25 Stocks for 2015


Click to view a price quote on AAL.





from Latest TSC Headlines http://ift.tt/1CIwWRP

RADA Electronic Industries (RADA) Stock Is Up Today on DRS Technologies Agreement

NEW YORK (TheStreet) -- Shares of RADA Electronic Industries were gaining 17.8% to $3.05 on heavy trading volume Tuesday after the electronics company announced a new strategic agreement with DRS Technologies. The goal of the new agreement is to bring RADA's tactical active electronically scanned array (AESA) radar technology to North America. Under the agreement DRS Technologies will sell, produce, and support, tactical AESA radars as part of its tactical radar portfolio. RADA expects its technology and DRS' market presence, customer awareness, engineering, and production capabilities to produce "significant interest" in the North American defense industry market. "We value the North American market as the most promising growth market for our tactical radars technology, and are confident that this agreement will facilitate the adoption of this technology and growth of our radars business," RADA CEO Zvi Alon said in a statement. About 4.8 million shares of RADA were traded by 12:09 p.m. Tuesday, above the company's average trading volume of about 601,000 shares a day. TheStreet Ratings team rates RADA ELECTRONIC INDS as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation: "We rate RADA ELECTRONIC INDS (RADA) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins." Highlights from the analysis by TheStreet Ratings Team goes as follows: The debt-to-equity ratio is very high at 2.64 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with this, the company manages to maintain a quick ratio of 0.35, which clearly demonstrates the inability to cover short-term cash needs. The gross profit margin for RADA ELECTRONIC INDS is currently lower than what is desirable, coming in at 27.15%. Regardless of RADA's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, RADA's net profit margin of -4.23% significantly underperformed when compared to the industry average. The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. When compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, RADA ELECTRONIC INDS's return on equity is below that of both the industry average and the S&P 500. This stock has increased by 65.98% over the past year, outperforming the rise in the S&P 500 Index during the same period. Looking ahead, however, we cannot assume that the stock's past performance is going to drive future results. Quite to the contrary, its sharp appreciation over the last year is one of the factors that should prompt investors to seek better opportunities elsewhere. RADA ELECTRONIC INDS reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, RADA ELECTRONIC INDS reported poor results of -$0.29 versus -$0.22 in the prior year. You can view the full analysis from the report here: RADA Ratings Report Must Read: Warren Buffett's Top 25 Stocks for 2015


Click to view a price quote on RADA. Click to research the Wholesale industry.





from Latest TSC Headlines http://ift.tt/1EZ5a0o

Charter Continues Cable Buying Spree With $10.4 Billion Acquisition of Bright House

NEW YORK (TheDeal) -- John Malone-backed Charter Communications will buy fellow cable operator Bright House Networks in a complex $10.4 billion cash and stock deal, the companies said Tuesday, March 31. Shares of Charter jumped $15.22, or 8.3%, to $198.66 following the announcement. Must Read: 10 Stocks George Soros Is Buying Bright House is the sixth largest U.S. cable operator and would bring Charter another 2 million video subscribers. The transaction comes as Charter aims to acquire another 4 million subscribers through a $22 billion asset purchase and cable system swap with Comcast . The transaction is contingent on Charter closing the purchase of cable systems from Comcast, which is merging with Time Warner Cable . Charter CEO Tom Rutledge said in a Tuesday investor call that the Bright House transaction increases the likelihood that the Comcast deal will close. Time Warner owns a stake in Bright House and selling a controlling stake in the operations to Charter would reduce Comcast's potential holdings. "This deal actually improves, from a regulatory point of view, the assets under the control of Comcast," Rutledge said. The transaction values Bright House at 7.6 times adjusted 2014 earnings before interest, taxes, depreciation and amortization, though Charter said the multiple would fall below 7 times EBITDA when factoring in benefits from the deal. Charter and Bright House parent Advance/Newhouse Partnership will fold their cable assets into a new venture. Charter will hold 73.7% of the equity in the new partnership. Bright House will receive $2 billion in cash, $2.5 billion of convertible preferred units and $5.9 billion of common units, giving it a 26.3% stake in the partnership. Malone's Liberty Broadband will make a $700 million equity investment in the partnership. Through its equity in Charter, Liberty will own 19.4% of the new venture. Advance/Newhouse will give Liberty proxy to control 6% of its voting position, giving Malone a 25% stake. The company will have 13 directors, with Liberty Broadband and Advance/Newhouse each appointing three. Must Read: 13 Volatile Stocks to Buy Right Now if You Are a Risk Taker Upon completing the Bright House deal and the purchase of systems from Comcast, Charter would have nearly $22.8 billion in debt, or 3.9 times 2014 EBITDA. Charter's in-house team included General Counsel Rick Dykhouse, Dan Bollinger and Tom Proost. Goldman Sachs and LionTree Advisors were financial advisers. Steve Cohen, Victor Feldman, Oliver Board, Marianna Ofosu, Scott Grinsell, Jodi Schwartz, Mike Sabbah, Mike Segal and Mike Schobel of Wachtell, Lipton, Rosen & Katz provided counsel to Charter. The buyer retained Kirkland & Ellis LLP for legal advice regarding financing. Renee Wilm and Buzz McGrath of Baker Botts LLP advised Liberty Broadband. UBS provided financial advice to Advance/Newhouse Partnership. Andrew Kransdorf of Sabin, Bermant & Gould and Sullivan & Cromwell lawyers Brian Hamilton, Scott Crofton, Ron Craemer and William Snipes were counsel to Advance/Newhouse. Must Read: Jim Cramer -- 19 Companies That Could Get Acquired in 2015


Click to view a price quote on CHTR. Click to research the Media industry.





from Latest TSC Headlines http://ift.tt/19FmAXk

Cliffs Natural Resources (CLF) Stock Declining Today as Iron Ore Falls

NEW YORK (TheStreet) -- Shares of Cliffs Natural Resources Inc. are down by 5.14% to $4.80 in late morning trading on Tuesday, as Chinese iron ore futures fell more than 3% to a record low on Tuesday, Reuters reports. Steel mills in the world's top consumer avoided buying due to expectations the raw material's price will drop further. China's steel mills have been keeping low inventories as a result of an increase of production from miners around the world, Reuters said, adding that demand for iron ore has been hit by harsher environmental checks and a slow recovery in steel demand. "We do not see any sign of improvement in iron ore and steel fundamentals. Mills have resisted building up stocks due to production cutbacks and weak sales, and prices are likely to fall further," Zhao Chaoyue, an analyst at China Merchant Futures in Guangzhou told Reuters. A rise in low cost supplies from Australia and Brazil have been swamping the global market, setting off a glut as the demand from China decreases, Bloomberg reports, adding that ore with 62% content at Qingdo, China, has tanked 28% since the beginning of the year. Separately, TheStreet Ratings team rates CLIFFS NATURAL RESOURCES INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation: "We rate CLIFFS NATURAL RESOURCES INC (CLF) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share." Highlights from the analysis by TheStreet Ratings Team goes as follows: The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 3068.1% when compared to the same quarter one year ago, falling from $43.30 million to -$1,285.20 million. Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 75.13%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 4340.00% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now. Net operating cash flow has decreased to $254.90 million or 44.58% when compared to the same quarter last year. Despite a decrease in cash flow of 44.58%, CLIFFS NATURAL RESOURCES INC is in line with the industry average cash flow growth rate of -45.85%. CLIFFS NATURAL RESOURCES INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past year. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, CLIFFS NATURAL RESOURCES INC swung to a loss, reporting -$47.52 versus $2.33 in the prior year. This year, the market expects an improvement in earnings (-$0.11 versus -$47.52). Regardless of the drop in revenue, the company managed to outperform against the industry average of 18.7%. Since the same quarter one year prior, revenues fell by 15.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share. You can view the full analysis from the report here: CLF Ratings Report Must Read: Warren Buffett's Top 25 Stocks for 2015


Click to view a price quote on CLF. Click to research the Metals & Mining industry.





from Latest TSC Headlines http://ift.tt/19xzYNq