The Zacks Analyst Blog Highlights:Standard Motor Product, General Electric,
ITT Corp., Federal Signal and Tyco International
CHICAGO, Jan. 29, 2013
CHICAGO, Jan. 29, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Standard Motor Product Inc.
(NYSE:SMP), General Electric (NYSE:GE), ITT Corporation (NYSE:ITT), Federal
Signal Corp (NYSE:FSS) and Tyco International Ltd (NYSE:TYC).
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Here are highlights from Monday's Analyst Blog:
Standard Motors Retains Outperform Rec
On Jan 23, we maintained our Outperform recommendation on Standard Motor
Product Inc. (NYSE:SMP) based on its strong brand recognition, less cyclical
end-market and efficient debt management measures.
Standard Motor's adjusted earnings per share in the 2012-third quarter went up
23.7% year over year to 73 cents, surpassing the Zacks Consensus Estimate by 9
cents. Revenues increased 16.8% to $276.0 million, ahead of the Zacks
Consensus Estimate of $258.0 million, driven by the positive impact from the
company's recent acquisitions and strong performance of the company's
Temperature Control segment. Over the past four quarters, Standard Motors has
delivered an average surprise of 0.33%.
Following the release of the third quarter results, the Zacks Consensus
Estimate for 2012 increased 7.9% to $1.77 per share. Moreover, the Zacks
Consensus Estimate for 2013 also increased 6.3% to $2.03 per share. With the
Zacks Consensus Estimates for both 2012 and 2013 going up, the company retains
a Zacks Rank #1 (Strong Buy).
Standard Motor benefits from its strong brand recognition and wide customer
base. With a focus on the aftermarket, the company is less exposed to the
cyclical automotive industry. The company will benefit from the rising demand
of repair products due to the improved used vehicles market, increase in the
number of automobiles on the road and rise in the average age of vehicles in
GE Signs MOU with Toshiba
General Electric (NYSE:GE) and Toshiba Corporation recently signed a
memorandum of understanding (MOU) to collaborate for high-efficiency
combined-cycle power projects across the world. Additionally, the two
companies intend to team up to develop combined-cycle power generation
technology and advanced steam turbine technology with high levels of thermal
The global alliance is expected to be beneficial for both the companies which
already have in-place agreements for 50-Hz and 60-Hz projects in Japan as well
as in other parts of Asia. The combined entity recently won a contract to
supply Flex Efficiency technology to Chubu Electric Power's Nishi Nagoya
thermal power plant in Japan. GE's Flex Efficiency technology harnesses
natural gas to ensure efficient usage of renewable energy. The Flex Efficiency
portfolio will reduce emissions and its flexibility enable utilities to
deliver power quickly as per the need, thus balancing the grid cost
The customers will also reap the benefits of the sophisticated engineering,
procurement and construction solutions of Toshiba as well as new technology of
the Flex Efficiency Portfolio, which will meet the energy demands around the
globe. The alliance will have high-efficiency steam turbine and generator
technologies that will entail high plant efficiency, better engineering
solutions and better fuel efficient plants in the future.
General Electric is one of the most diversified technology and financial
service corporations in the world, competing with industry big wigs such as
ITT Corporation (NYSE: ITT) and Federal Signal Corp (NYSE: FSS). Its segments
include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare,
Transportation, Home & Business Solutions, and GE Capital. GE Power & Water
provides customers with a wide array of power generation, energy delivery and
water process technologies and helps them in addressing the challenges
General Electric currently has a Zacks Rank #4 (Sell). One of its competitors,
Tyco International Ltd (NYSE:TYC) carries a Zacks Rank #1 (Strong Buy).
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