March 22, 2017: Berenberg raised Teck Resources to a Buy rating from Hold and set a price target of $27. Berenberg cites a tighter but well supplied copper market.
February 15, 2017: Teck Resources reports Q4 EPS of C$1.61 versus the C$0.03 y/y estimate. Revenue also beat coming in at C$3.56 billion versus the C$2.14 (Read More….)
March 02, 2017: Ameresco reports Q4 EPS of $0.07 versus the $0.04 estimate. Revenue also beat coming in at $174.2 million versus the $171 million estimate. The company has increased their share buyback to $15 million from $10 million (6.3% of market cap).
CEO George P. Sakellaris said, “Our full-year results and the increase (Read More….)
February 28, 2017: US Concrete, Inc. reports Q4 EPS of $0.82 versus the $0.70 estimate. Revenue also beat coming in at $318.8 million versus the $317 million estimate. Ready mixed concrete average sales price rose to $132.25/cubic yard which represents a +5.5% increase YoY. Aggregate average sales price rose to $12.57/cubic yard which represents a (Read More….)
February 28, 2017: Tetra Tech announced that the U.S. Agency for International Development (USAID) has awarded the Company a $25 million single-award contract to provide monitoring and evaluation services in Mozambique. Under the five-year contract, Tetra Tech will support USAID by providing training, research and evaluations, performance monitoring, data verification, and environmental compliancein the region.
February 24, 2017: Mastec reports Q4 EPS of $0.70 versus the $0.54 estimate. Revenue also beat coming in at $1.34 billion versus the $1.32 billion estimate.
José R. Mas CEO said, “We exceeded our fourth quarter expectations, driven primarily by improved productivity in our Oil & Gas segment. We also signed pipeline contracts approximating (Read More….)
February 22, 2017: Tutor Perini announced that it has been awarded an $80 million design-build contract by the U.S. Air Force to design and construct facilities in support of the Royal Saudi Air Force through a Foreign Military Sales program. The project was competitively bid through an Air Force Civil Engineer Center multiple award task (Read More….)
February 17, 2017: Fluor Corp reports Q4 EPS of $0.82 versus the $0.80 estimate. Revenue also beat coming in at $4.99 billion versus the $4.83 billion estimate.
David Thomas Seaton, CEO of Fluor, said, “In 2016 we set the foundation to expand our presence in the markets we serve. This includes our acquisition of (Read More….)
January 29, 2017: Insteel Industries, on January 19, 2017, reported a Q1 2017 earnings miss. The stock dropped some, flushed, but is now rising hard on rising money flow. Insteel Industries trades at a forward P/E of 12.31.
The catalyst for Insteel Industries is an increase in infrastructure spending and the construction of a border (Read More….)
January 25, 2017: AECOM is another stock I like for an opening play on a large infrastructure spending bill that is likely to pass by the end of 2017. AECOM stock is currently trading at a forward P/E of 12.20. I also like the 16.7% annual sales growth for the past five years.
January 3, (Read More….)
December 21, 2016: Seeing heavy call activity in HD Supply, 1,955 February $45 calls trade at $1.25. This heavier call activity comes a day after reports circulating that HD Supply has hired an adviser to gauge takeover interest on pressure from Jana.
December 20, 2016: Industrial equipment wholesale company HD Supply has reportedly hired an (Read More….)
The US National Hurricane Center just reported that tropical storm Matthew is heading for the Central Caribbean Sea. The tropical storm is moving west at 15 mph with max sustained winds of 65 mph.
Quanta Services provides infrastructure contracting services to the electric power, gas, telecommunications and cable television industries. After a big storm (Read More….)
June 14, 2016: NV5 Holdings Inc was awarded $5.4 million in CQA Contracts for Fort Lauderdale-Hollywood International Airport. NV5 Global was awarded by Broward County two contracts for an initial term of five years to provide Quality Assurance Materials Testing services at the Fort Lauderdale-Hollywood International Airport (FLL) for $5.4 million. NV5 has (Read More….)